Strength of the State's Financial Center

The Cabinet, in its meeting yesterday chaired by His Highness Sheikh Ahmad Abdullah Al-Salim Al-Sabah, Prime Minister, approved a draft decree-law issuing the Law on the Regulation of Media. This comes in light of the radical transformation the global media landscape is undergoing due to technological and digital developments that have altered publishing and communication methods, reshaping concepts of publishing, broadcasting, and influence. This reality has given rise to numerous new media practices not covered by existing media legislation, such as influencer and advertiser accounts, social media platforms, digital re-broadcasting services, and digital advertising. The Cabinet also approved a draft decree-law concerning government sukuk.

The Cabinet reviewed a presentation by State Minister for Economic Affairs and Investment Abdulaziz Al-Marzouq and Finance Minister Dr. Yaqoub Al-Rifai on the state’s financial position as of March 31, 2026, which reflects the status of the state’s assets and liabilities, including data on the General Reserve and the Future Generations Fund. They emphasized the resilience of the Kuwaiti economy and the strength of the state’s financial position in facing regional and international challenges, given its substantial assets and financial reserves.

The Cabinet also reviewed the first-quarter report on the implementation of budgets for ministries and government entities for the fiscal year 2026/2027, which indicated that non-oil revenues are projected to achieve significant growth during the fiscal year 2026/2027, driven by a series of financial reforms currently being implemented. The Cabinet affirmed that these reforms will pave the way for building a more sustainable and competitive economy in the medium and long term. These positive indicators reflect the strength and resilience of the Kuwaiti economy, enhancing its attractiveness for foreign investment in Kuwait.

For further details: Review the state’s financial position and the first-quarter report on the implementation of budgets for ministries and government entities, which showed that non-oil revenues are projected to achieve significant growth during the fiscal year 2026/2027. Cabinet: Approval of “Government Sukuk” and “Media Regulation”

The Cabinet held its meeting yesterday, presided over by His Highness Sheikh Ahmad Abdullah Al-Sabah, Prime Minister. Following the meeting, Minister of Defense Sheikh Abdullah Al-Ali issued the following statement:

At the outset of its meeting, the Cabinet was briefed on the contents of a written letter received by His Highness Amir Sheikh Meshal Al-Ahmad from his brother, Dr. Rashad Al-Alimi, Chairman of the Presidential Leadership Council of the fraternal Republic of Yemen, concerning the fraternal bilateral relations between the two sister countries and ways to strengthen and develop them across various fields. The letter was delivered to Her Excellency Dr. Afrah Abdulaziz Al-Zoubi, Minister of Foreign Affairs and Expatriates of the fraternal Republic of Yemen, last Monday by His Highness the Crown Prince Sheikh Sabah Al-Khaled. The meeting was attended by Sheikh Thamer Jaber Al-Ahmad Al-Sabah, Head of the Diwan of His Highness the Crown Prince, Minister of Foreign Affairs Sheikh Jara Al-Jaber, and senior officials.

The Cabinet was also briefed on the contents of a written letter sent by His Highness Amir Sheikh Meshal Al-Ahmad to the President of the friendly Republic of Korea, Yoon Suk Yeol, regarding the close historical ties linking the two friendly countries and peoples, and ways to strengthen and develop these ties, alongside current developments in the region. His Highness’s letter was delivered by Minister of Foreign Affairs Sheikh Jara Al-Jaber to the Minister of Foreign Affairs of the friendly Republic of Korea, Cho Hyun, during a meeting held between them last week, as part of the official visit made by the Foreign Minister to Seoul, capital of the Republic of Korea. During the meeting, the close relations between the two friendly countries were reviewed, and both sides reaffirmed their shared commitment to enhancing cooperation and coordination across various fields and at all levels, in a manner that contributes to advancing bilateral relations to higher levels and achieving the common interests of both sides. The two sides also discussed recent regional and international developments and exchanged views on issues of mutual interest, foremost among them the developments unfolding in the region and diplomatic efforts aimed at de-escalation and enhancing security and stability.

The Cabinet was also informed of the contents of a written letter sent by His Highness Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah to the Prime Minister of friendly Japan, Sanae Takaichi, concerning the close historical ties linking the two countries and their friendly peoples, and the ways to enhance and develop these relations, alongside current developments in the region. His Highness’s letter was delivered by Minister of Foreign Affairs Sheikh Jaber Al-Jaber Al-Sabah during his reception by the Prime Minister of Japan last week, as part of his official visit to the Japanese capital, Tokyo.

On another note, the Cabinet was informed of the contents of a written letter received by His Highness Sheikh Ahmad Al-Abdullah Al-Salim Al-Sabah, Prime Minister, from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, on Monday last week. The letter included an invitation to attend the Abu Dhabi Sustainability Week summit. The letter was delivered to His Highness by Dr. Mutar Hamed Al-Nayadi, Ambassador of the United Arab Emirates to Kuwait.

The Cabinet was also informed of His Highness Sheikh Ahmad Al-Abdullah Al-Salim Al-Sabah, Prime Minister, receiving Mr. Ghadi Al-Khoury, Ambassador of the Republic of Lebanon to Kuwait, on Monday last week, in the presence of Acting Head of the Prime Minister’s Diwan, Sheikh Khaled Al-Mohammed Al-Khaled.

On another front, the Cabinet expressed its strong condemnation and rejection of the Iranian attack on the United Arab Emirates using a drone on Monday last week, which constituted a blatant violation of its sovereignty and territorial integrity and a threat to the security and stability of the region. It reaffirmed Kuwait’s full solidarity with the United Arab Emirates, its standing by its side, and its support for all measures taken by the UAE to safeguard its sovereignty, protect its security, and preserve its territorial integrity.

In this context, the Cabinet also expressed its strong condemnation and rejection of the Iranian attacks targeting the Hashemite Kingdom of Jordan with several missiles in the early hours of Monday last week, which constituted a blatant violation of Jordan’s sovereignty and territorial integrity and a threat to the security and stability of the region. It reaffirmed Kuwait’s full solidarity with the Hashemite Kingdom of Jordan, its standing by its side, and its support for all measures taken by Jordan to safeguard its sovereignty, protect its security, and preserve its territorial integrity.

On another note, the Cabinet was informed of the results of the official visit by Minister of Defense Sheikh Abdullah Al-Ali to Islamabad, capital of the friendly Islamic Republic of Pakistan, last week. The visit culminated in the signing of a protocol agreement between the Ministry of Defense of Kuwait and the Ministry of Defense of the Islamic Republic of Pakistan regarding the operational deployment of the Pakistan Armed Forces in Kuwait. The agreement was signed on the Kuwaiti side by Minister of Defense Sheikh Abdullah Al-Ali, and on the Pakistani side by Khawaja Muhammad Asif, Minister of Defense of the Islamic Republic of Pakistan, in the presence of the Chief of Staff of the Kuwaiti Army, Major General Khaled Al-Sharhan. This agreement represents an important milestone in the trajectory of military and defense cooperation between the two countries, as it provides a supportive framework to enhance operational coordination, exchange expertise, and raise the level of readiness and integration between the armed forces, serving common interests and contributing to regional security and stability. The Minister also discussed with his Pakistani counterpart the bilateral relations between the two countries and ways to enhance close cooperation in the military and defense fields, as well as reviewing the latest regional and international developments and issues of mutual interest and the efforts undertaken regarding them, all of which contribute to supporting security and stability in the region.

To strengthen the strategic partnership between the two countries, and in addition to the meeting between Minister of Defense Sheikh Abdullah Al-Ali and the Chief of Army Staff and Chief of General Staff of the Armed Forces of the Islamic Republic of Pakistan, Field Marshal Asim Munir, the meeting discussed existing coordination between the armed forces of both countries, opportunities to develop areas of joint work, and the exchange of views on a number of topics related to bilateral relations, contributing to supporting and developing defense cooperation between the two friendly nations.

On another note, the Cabinet heard a briefing from Minister of Foreign Affairs Sheikh Jara Al-Jaber regarding the political and diplomatic efforts undertaken by the Ministry of Foreign Affairs and its diplomatic missions abroad to keep pace with the latest developments in the regional and international arenas.

In this context, Minister of Foreign Affairs Sheikh Jara Al-Jaber informed the Cabinet of the results of his official visit to Beijing, capital of the friendly People’s Republic of China, last week. During the visit, he met with Vice President of the People’s Republic of China, Han Zheng. The Foreign Minister conveyed greetings from His Highness the Amir Sheikh Meshal Al-Ahmad, His Highness the Crown Prince Sheikh Sabah Al-Khaled, and His Highness Sheikh Ahmad Al-Abdullah, Prime Minister, to President of the People’s Republic of China, Xi Jinping, Premier of the State Council of the People’s Republic of China, Li Qiang, and Vice President Han Zheng, along with their best wishes for the continued progress and prosperity of the government and people of the People’s Republic of China. The meeting reviewed the long-standing historical bilateral relations between the two friendly countries and peoples, and discussed ways to develop, enhance, and strengthen the existing strategic partnership in various fields to serve the common interests of both countries. The latest regional and international developments were also discussed, and views were exchanged on issues of mutual interest. Additionally, the Foreign Minister met with Wang Yi, Member of the Political Bureau of the Central Committee of the Communist Party of China and Minister of Foreign Affairs of the People’s Republic of China. During this meeting, ways to develop and enhance the existing strategic partnership between the two countries were discussed, and emphasis was placed on the significance of the current year as a prominent milestone in Kuwait-China relations, coinciding with the 55th anniversary of the establishment of diplomatic relations between the two countries.

The Foreign Minister also informed the Cabinet of the results of his official visit to Seoul, capital of the friendly Republic of Korea, last week, and his meeting with Korean National Security Advisor Wi Song-lak. The meeting reviewed the close relations between the two friendly countries and ways to strengthen them in various fields to achieve the common interests of both sides. The latest regional developments and efforts aimed at de-escalation and enhancing security and stability in the region were also discussed. Furthermore, the Foreign Minister met with former UN Secretary-General and President of the Global Green Growth Institute, Ban Ki-moon, during his official visit to Seoul. The meeting discussed the latest regional and international developments and exchanged views on them.

The Foreign Minister also informed the Cabinet of the results of his official visit to Tokyo, capital of Japan, and his meeting with Japanese Foreign Minister Toshimitsu Motegi. The meeting reviewed the close historical relations between the two friendly countries and their ongoing development, following the upgrade of ties to a comprehensive strategic partnership last year. During the

The meeting underscored the significance of the current year as a prominent milestone in the trajectory of Kuwait-Japan relations, coinciding with the 65th anniversary of the establishment of diplomatic ties between the two countries. Both sides reaffirmed their commitment to enhancing Kuwait-Japan cooperation across various fields and intensifying coordination and consultation on multiple fronts to advance the shared interests of the two friendly nations. The meeting also discussed recent regional and international developments and exchanged views on issues of common interest, foremost among them regional developments and diplomatic efforts aimed at de-escalation and strengthening security and stability.

In the same context, Minister of State for Foreign Affairs Sheikh Jarrah Al-Jaber was briefed on the substance of telephone calls held and received by the Foreign Minister over the past few days with counterparts from sister and friendly countries, during which the latest regional developments and diplomatic efforts aimed at de-escalation, enhancing security and stability in the region, and ensuring the safety and freedom of maritime navigation were reviewed.

On another note, the Council of Ministers approved a draft decree-law issuing the Law on the Regulation of Media, in light of the radical transformation underway globally in the media landscape due to technological and digital developments that have altered means of publication and communication, reshaping concepts of publishing, broadcasting, and influence. This reality has given rise to numerous new media practices not covered by existing media legislation, such as influencer and advertiser accounts, social media platforms, digital re-broadcasting services, and digital advertising. The Council of Ministers has submitted the draft decree-law issuing the Law on the Regulation of Media to His Highness the Crown Prince Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah.

The Cabinet also approved a draft decree-law concerning government sukuk and submitted it to His Highness the Crown Prince, Sheikh Meshal Al-Ahmad.

On another note, the Cabinet reviewed a visual presentation delivered by Minister of State for Economic and Investment Affairs Abdulaziz Al-Marzouq and Finance Minister Dr. Yaqoob Al-Rifai, outlining the state’s financial position as of March 31, 2026. The presentation was attended by Assistant Undersecretary of the Ministry of Finance Asil Al-Sulaitan Al-Munifi and Managing Director of the Public Authority for Investment, Sheikh Saud Salem Al-Abdulaziz Al-Sabah. It reflected the status of the state’s assets and liabilities, in accordance with Article 150 of the Constitution, while reviewing data on the General Reserve and the Future Generations Fund. The ministers affirmed the resilience of the Kuwaiti economy and the strength of the state’s financial position in facing regional and international challenges, given its substantial assets and financial reserves.

The Cabinet also reviewed a visual presentation regarding the first-quarter report on the implementation of the budgets of ministries and government entities for the fiscal year 2026/2027, which indicated that non-oil revenues are projected to achieve notable growth during the fiscal year 2026/2027, driven by a series of fiscal reforms currently being implemented.

For his part, the Cabinet emphasized that these reforms will pave the way for building a more sustainable and competitive economy in the medium and long term. It noted that these positive indicators reflect the strength, resilience, and adequacy of the Kuwaiti economy, which will help attract foreign investment to Kuwait and underscore the success of the state’s policy aimed at economic openness and supporting the trend toward establishing Kuwait as an attractive financial and commercial hub, while providing sustainable employment opportunities for future generations.

The Cabinet reviewed several agenda items, as well as reports and minutes of ministerial committees, and approved them. It also decided to refer some of these items to the relevant ministerial committees for study and to submit appropriate recommendations to complete the procedures for their implementation.