Tag: Kuwait
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.
Kuwait’s KIA Crosses $1 Trillion in Assets, Joins Microsoft and BlackRock’s $30bn AI Infrastructure Partnership
Kuwait Investment Authority crossed $1.072 trillion in assets under management as of May 2026 — one of just five global sovereign funds to break the trillion-dollar barrier — and deployed its first major act of that scale into the Microsoft and BlackRock-backed $30 billion AI Infrastructure Partnership.
Kuwait and Oman Post Steady 2.6-2.9% Growth as Smaller GCC Economies Diversify Beyond Oil
Kuwait and Oman each posted GDP growth of between 2.6 and 2.9 per cent, with both countries implementing accelerated economic diversification strategies — including Kuwait's fuel reserve expansion and Oman's utility-scale solar-plus-storage projects — to reduce dependence on hydrocarbon revenues.
GCC Aviation Update: Kuwait Airport Resumes Full Operations After Disruption, Travel Advisory
Kuwait International Airport has resumed full commercial operations following a temporary closure after its terminal was struck by drones in an incident on the...
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Dubai Parking Fees by Zone
Dubai parking now runs through Parkin, not RTA. Standard zones cost AED 4.20/hour, JLT a flat AED 10.50. Full zone-by-zone fee breakdown.
UAE Residence Details Report: The AED 200 Fee
Printing an official UAE residence details report costs AED 200 through ICP. Who needs it, what documents it requires, and how it differs from an ID card.
UAE Visa Amendment and Cancellation Fees
Amending or cancelling a UAE entry permit both cost AED 150. Cancellation only works before you enter the country. Full ICP fees and exceptions.
UAE Establishment Card: The AED 2,300 Cost
A UAE company needs an ICP Establishment Card before sponsoring any visa, costing AED 2,300 for year one. Fines run up to AED 20,000. Full ICP guide.


