Kuwait tries to kickstart diversification away from oil

Kuwait Eyes Return to Debt Markets to Fund Diversification From Oil

Kuwait has approved a financing and liquidity law that will allow one of OPEC’s top producers to return to the debt market after eight years, with borrowing expected to fund projects to diversify its dependence on oil revenues. While the other OPEC Gulf heavyweights, Saudi Arabia and the United Arab Emirates (UAE) are investing – and borrowing to invest – in major infrastructure, AI, and technology projects, Kuwait has been lagging behind. Over …

Kuwait’s economic overhaul fuels optimism for growth

The NewsThere’s optimism in Kuwait, buoyed by a sweeping legal and regulatory overhaul since Emir Sheikh Meshal Al-Ahmad dissolved Parliament in May. Stocks are up 10% this year, the sovereign wealth fund has surpassed the $1 trillion mark in assets under management, and crucial economic laws — debated for decades — are being enacted. Investors seem to be betting that autocracy might deliver what nascent democratic institutions couldn’t: stable …

Kuwait tries to kickstart diversification away from oil

Gulf state set to borrow for the first time in eight years as it seeks to catch up with Saudi Arabia and UAE

Intermoney Market Consensus OHLA (OHLA) (Buy, PO 0.70 euros/action) announced on Thursday, after the closing of the market, that it will make a capital increase of up to 50 million euros, with recognition of the preferential subscription right, to cover the contribution of the guarantee of approximately 40 million euros in the context of the procedure “Jamal Adbul Nasser Street” in Kuwait. Details of dates, equation of exchange and price have n…

Kuwait sets KD 30 billion debt ceiling with 50-year borrowing framework - Times Kuwait

• Amid global financial shifts, the decree-law enhances Kuwait’s economic stability, strengthens its position as a regional financial hub, and equips the government with advanced debt management tools. • The decree-law enhances public debt management by expanding financing options, developing local capital markets with a sovereign yield curve, and supporting major development projects to drive economic growth.   Decree-Law No. (60) of 2025 on fi…

Fitch affirms Kuwait’s rating at AA-, praises draft debt law - Global Business Outlook

Kuwait’s strong fiscal position and external financial consistency have led Fitch Ratings to reaffirm its Long-Term Foreign-Currency Issuer Default Rating at AA-, with a stable outlook. According to the United States-based ratings firm, Kuwait’s net foreign assets are expected to increase from an estimated 582% of GDP in 2024 to 601% in 2025, making its external balance sheet the strongest of all Fitch-rated sovereigns. A rating of AA- indicates…