Kuwait
New rule in Kuwait: No more cash for gold or jewelry
The Kuwaiti government has officially banned the purchase of gold and jewelry with cash, in a move aimed at strengthening financial transparency and combating illicit activities.
Egyptian President Abdel Fattah El-Sisi received Kuwaiti Minister of Defense Sheikh Fahad Yusuf Al Sabah on Sunday to discuss regional affairs, with a particular focus on the Gaza ceasefire and the supply of humanitarian aid.
Sheikh Fahad Yusuf Al Sabah © KNS
Egyptian President Abdel Fattah El-Sisi received Kuwaiti Minister of Defense Sheikh Fahad Yusuf Al Sabah on Sunday to discuss regional affairs, with a particular focus on the Gaza ceasefire and the supply of humanitarian aid.
During the meeting, the Kuwaiti defense minister commended Egypt’s pivotal role in mediating a ceasefire in Gaza, in partnership with Qatar and the United States. He reaffirmed Kuwait’s support for Egypt’s diplomatic efforts aimed at achieving long-term peace and stability in the Middle East.
On the bilateral front, President Sisi expressed Egypt’s commitment to enhancing cooperation with Kuwait in various sectors, including economy and investment, security and defense, tourism and industrial development
Kuwait is currently exploring multiple investment opportunities in Egypt, particularly in the industrial and tourism sectors. These investments align with Egypt’s economic expansion plans, aimed at attracting foreign capital and strengthening economic ties with Gulf nations.
By Bruno Finel
The Kuwaiti government has officially banned the purchase of gold and jewelry with cash, in a move aimed at strengthening financial transparency and combating illicit activities.
Iraq signed a deal with Turkey on Sunday under which water infrastructure projects to be carried out by Turkish firms will be financed with revenue from oil sales, a Turkish official said.
The 21st edition of the IISS Manama Dialogue, the Middle East’s premier security and strategic affairs summit, concluded this weekend after three days of high-level exchanges, policy debates, and behind-the-scenes diplomacy.
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