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Kuwait banks finance 4.38b dinars in imports in eight months down from 6b

Local Kuwaiti banks provided approximately 4.38 billion dinars in financing for imports during the first eight months of 2026, down from 6.01 billion dinars in the corresponding period last year, as the US dollar continued to account for the overwhelming share of import-related banking finance. Data released by the…

Kuwait strengthens food security, sustainability ties with UK, Azerbaijan

Kuwait has explored opportunities to strengthen cooperation with the United Kingdom and Azerbaijan in food security, agriculture, veterinary medicine and sustainability, with discussions focusing on expertise exchange, workforce development and expanding trade in food products. Minister of State for Development and…

Al-Bairaq 8 command post exercise continues, strengthens joint readiness

Kuwait continued the activities of the Al-Bairaq 8 command post exercise, aimed at strengthening coordination and cooperation among military and security agencies and improving their readiness to carry out joint missions. The Moral Guidance Directorate and Public Relations at the Ministry of Defense announced that the…

Trump launches $50b Alaska LNG mega project after major Asia energy deals

US President Donald Trump announced Wednesday the launching of the Alaska LNG Project, characterizing it as the largest energy infrastructure project in Alaska’s history. President Trump stated that the development includes a $50 billion infrastructure investment from the Republic of Korea. He noted that the South…