Tag: Kuwait
Browse our exclusive articles!
Kuwait Budget Deficit Set to Widen 54.7% as Oil Income Falls
Kuwait projects its 2026-2027 fiscal deficit to jump 54.7% to KD9.8bn as oil revenue drops, even as non-oil income and new taxes gain ground.
Kuwait 2026-2027 Budget Backs KD3bn Push on 117 New Projects Despite Record Deficit
Kuwait's 2026-2027 budget lifts capital spending to KD3bn for 117 new projects, even as the deficit widens to KD9.8bn on softer oil.
Kuwait Al Zour Refinery Reaches Full Production: Gulf’s Largest Refinery Hits 615,000 Barrels Per Day Capacity
Kuwait's Al Zour Refinery has reached its full designed production capacity of 615,000 barrels per day in 2026, making it the Gulf's largest refinery and one of the world's ten most productive, with output primarily targeting export markets in Asia and Europe and reducing Kuwait's dependence on imported petroleum products.
Kuwait Investment Authority Grows Assets to USD 969 Billion, Reinforcing Gulf’s Sovereign Wealth Dominance
The Kuwait Investment Authority has grown its assets under management to an estimated USD 969 billion in 2026, maintaining its position as one of the world's five largest sovereign wealth funds and continuing its strategy of diversifying Kuwait's national wealth across global equities, private equity and infrastructure.
Kuwait’s South Saad Al-Abdullah New City: $863 Million Infrastructure Push for 400,000-Resident Development
Kuwait's South Saad Al-Abdullah New City — a 64 square kilometre development for up to 400,000 residents across 23,551 plots — has $863 million in contracts underway, with main roads at 55.6 per cent complete as Kuwait's largest housing programme accelerates under Vision 2035.
