The decision is a boon for Saudi Arabia, which aims to attract $100 billion in annual foreign direct investment by 2030.

Saudi Crown Prince and Prime Minister Mohammad bin Salman Al Saud receives His Highness the Prime Minister of Kuwait Sheikh ...

By bnm Gulf bureau Kuwait's government plans to establish an investment company for regional mega-projects, primarily ...

Big things are brewing between Saudi Arabia and Kuwait after a high-level meeting in NEOM Palace on Monday. Saudi Crown ...

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister, received Kuwaiti Prime Minister ...

His Highness the Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah and his accompanying delegation departed to Saudi Ara ...

However, Saudi Arabia holds the world’s second-largest oil reserves, with 267 billion barrels, while Kuwait’s reserves are the sixth-largest, with 102 billion barrels.

Saudi Arabia exported $2.04 billion to Kuwait in 2021, with the top export being refined petroleum. Kuwait exported $846 million to Kuwait in 2021, with cars as the top export, according to the ...

Russian supplies still account for the bulk of Saudi Arabia's fuel oil imports, reaching about 441,000 tons in July and making up about 30% of total volumes. But they were down from nearly 750,000 ...

Saudi Arabia and Kuwait ended a five-year dispute over oil fields in a territory shared between the two countries, the latest sign of detente between Riyadh and its Persian Gulf neighbors.

Saudi Arabia and Kuwait reached an agreement in December to resume output in the barren strip of desert straddling their nations -- a relic of the time when European powers drew implausible ruler ...

By the mid-1960s, Kuwait and Saudi Arabia had agreed to partition the zone, setting a more definite border which took effect in December 1969. However, there have been tensions between the ...