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Kuwait, China discuss ways to boost strategic relations in all fields

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BEIJING, March 19: Kuwait’s Assistant Foreign Minister for Asian Affairs Sameh Hayat met with Assistant Minister of the International Department of the Central Committee of the Communist Party of China Jin Xin in Beijing on Tuesday. They discussed ways to enhance the distinguished strategic relations between Kuwait and China in all fields. Ambassador Hayat emphasized, in a statement to KUNA, the uniqueness of the bilateral relations with China on all levels and the importance of building on the continuous momentum from the meetings of senior officials. He stressed the need for regular follow-up meetings in addition to other high-level visits that reflect the depth of the relationship between the two friendly countries. Ambassador Hayat appreciated the participation of Chinese state-owned companies in building major developmental projects in various fields in Kuwait, highlighting Kuwait’s commitment to technology transfer, localizing industry, and enhancing investments in promising sectors, particularly in new and renewable energy and green hydrogen. He clarified the alignment of views on key regional developments, reviewing with his Chinese counterpart in the ruling party the latest situations in the Middle East and their implications for regional security and stability.

For his part, the Chinese official praised Kuwait’s balanced foreign policy and its wisdom regarding all regional and international issues, especially the uniqueness of its relations with various countries. He stated that Kuwait’s efforts contribute to strengthening the foundations of international peace and security in the region, reaffirming the strategic bilateral relations and the necessity of enhancing them in all fields. He also commended the distinguished bilateral relations, which have flourished for 54 years, noting the continuous progress and cooperation in various areas. The meeting was attended by Kuwait’s Ambassador to China, Jassim Al-Najam, and the diplomatic attaches Ajeel Al- Ahmed and Mubarak Al-Qamis from the Asia Department of the Kuwaiti Ministry of Foreign Affairs. (KUNA)

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The Significance of Grasping Your Personality Traits

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Hala Al-Humaidhi

In a rapidly shifting world, it’s become vital for individuals to truly understand themselves before they can comprehend anyone else. One’s personality traits aren’t just understood at face value—they’re like a sturdy foundation built for success in not just work but also in relationships and the daily decision-making that colors one’s life. Understanding your personality type—how you think, how you react under different circumstances, what truly lights your motivational fire, or what gets your goat—gives you the clearest of maps to see how you function in life. That awareness is truly a superpower when it comes to navigating a work environment. Many conflicts or misunderstandings between individuals don’t arise from bad intentions. In fact, they’re often the byproduct of differing styles that rub each other the wrong way. An analytical person on a Precision Path sees only what should be there, while a creative person on the Big Picture Highway sees what’s in front of them and what’s probably just around the corner. When each understands the other’s style, lives become a whole lot smoother, and a work environment can transform from a field of friction to a space of collaboration.

Understanding personalities also plays a large part in the societal component of life. People keep making the same mistakes in their jobs and their relationships, and they never stop to consider whether the problem lies in either of those two scenarios or in the way they’re just coping with life. Getting a hold of the ol’ personality is the first step in the gigantic, laborious, crawl-to-the-next-level kinda self-developing that we all do. It’s how we become better leaders, better friends, and better humans—more conscious, more accepting, and generally more capable of not going through life on some unguided tour to the same old spots.

By Hala Al-Humaidhi

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Oil surplus this year and next … shortage expected in later years

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This is the outlook for oil prices in the coming months, as Brent crude is hovering around $61 a barrel, and U.S. oil is trading in the mid-fifties per barrel. Both levels are unsatisfactory and are hurting oil producers. However, the blame lies with all producers. Each one is pushing to increase production to gain market share, trying to capture new markets or a bigger share. Since oil production is essentially open to all, with no monitoring of production quotas, prices are allowed to drop further, while producers anticipate higher demand growth in the coming years. With the current political situation becoming more stable and less tense, and ongoing efforts to resolve conflicts behind closed doors, the world is moving towards greater understanding, stability, and tranquility.

This progress paves the way for oil prices to remain steady, with hopes for an increase in oil demand. However, it remains to be seen whether India will refrain from buying and importing Russian crude oil. The question is – who can supply India with surplus oil at equally attractive discounted prices and terms? Replacing a major supplier like Russia, especially with such favorable conditions, will be a big challenge for India, requiring considerable political muscle to wean itself off Russian oil. We have to wait and see how India will handle the pressure from the U.S. administration to break its oil supply ties with Russia, and how India will be rewarded by the U.S. for complying. It is very difficult for India to switch suppliers on such short notice.

The situation looks similar to what Europe is currently facing regarding oil and gas supplies from Russia. With Russian-built refineries in Europe, there is a real risk of panic and shortages of petroleum products in many European countries, unless the U.S. temporarily eases its restrictions and allows Europe to continue trading with Russia in hydrocarbon activities. Today, all oil-producing countries are pushing to sell more oil into the market, creating a surplus and causing further weakening of oil prices. There is concern that prices could drop to $60 a barrel, or even the mid-fifties, similar to the current U.S. oil price of around $57 a barrel, sparking panic in the oil markets. Meanwhile, OPEC+ appears unable or unwilling to curtail supply, seemingly having learned a lesson that any crude oil supply reduction and resulting price increase mostly benefit non- OPEC producers, leaving OPEC+ with minimal gains.

As a result, their current policy of not interfering in the market may be the most practical solution by spreading the pain equally. We hope that OPEC+ has indeed learned this lesson and will avoid further supply cuts unless they clearly stand to benefit first. We expect oil prices to decline further once the geopolitical tensions between Russia, the U.S., and Ukraine begin to ease in a satisfactory manner, helping to avert the threat of conflict and crisis. The current ample oil supply, despite peak demand season, raises questions about how low prices might fall, and whether oil-producing countries will intervene to stabilize or boost prices.

U.S. crude is already trading near the breakeven point for profitability, and many producers around the world may not be able to sustain such low prices for long. However, in the absence of firm action from OPEC+, intervention seems unlikely. The coming months will be critical for oil-producing countries and companies, especially in terms of their financial performance and year-end results. Weak profits, or even losses, will certainly be unwelcome news for shareholders and stakeholders alike. Current oil prices are undeniably weak, and any recovery is likely to take time. Let’s hope Brent crude doesn’t fall to the $50 level like U.S. WTI crude, as that would be deeply troubling for oil-exporting nations.

By Kamel Al-Harami
Independent Oil Analyst
Email: [email protected]

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Gold surges for ninth consecutive week, touches new high of $4,379

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Gold surges for ninth consecutive week, touches new high of $4,379

Gold surges for the ninth consecutive week, touching a new high of $4,379 per ounce.

KUWAIT CITY, Oct 19: Gold prices extended their historic rally for the ninth consecutive week, closing at $4,251 per ounce, according to a specialized report issued Sunday by Dar Al-Sabayek, a Kuwaiti precious metals company. The yellow metal recorded weekly gains of 5.32%, after briefly touching a record high of $4,379 per ounce during the last trading session, before easing slightly amid improved investor risk appetite and a stronger US dollar.

Despite a 3% pullback following market-soothing comments related to the US-China trade dispute, the overall outlook for gold remains bullish, driven by a range of supportive global factors.

Dar Al-Sabayek’s report indicated that expectations of a 25-basis-point interest rate cut by the US Federal Reserve at its upcoming meeting—and the potential for a second cut in December—continue to fuel institutional demand for gold as a safe-haven asset. Additional factors include uncertainty surrounding the US government shutdown, central bank purchases, and strong traded flows, all of which reflect broader concerns and hedging activity among global investors.

The report noted that geopolitical tensions and rising credit risks in the United States are contributing to sustained hedging behavior, even amid day-to-day price volatility. Meanwhile, the US dollar index remained relatively firm, hovering near 98.40 against major currencies, tempering further gains for the precious metal.

The tone of the US Federal Reserve remains cautious, the report said, with some members supporting rate cuts while reaffirming their commitment to the 2% inflation target. Future policy decisions are expected to be highly data-driven, with particular attention to this week’s release of the US Consumer Price Index (CPI), which coincides with the launch of the corporate earnings season and may influence consumer demand and spending patterns.

Market focus is also shifting toward global economic indicators, including Chinese GDP, trade, and inflation data, as well as Purchasing Managers’ Indices (PMIs) in Europe, the UK, Japan, India, and Australia. Upcoming monetary policy decisions in Turkey, Indonesia, and South Korea may also reshape risk sentiment and investment flows, further influencing gold prices.

Dar Al-Sabayek emphasized that gold’s medium-term upward trend, which began in November 2022, remains intact, driven by ongoing global uncertainties. However, it cautioned that with prices approaching historical highs, periods of short-term profit-taking are expected. Nonetheless, any dip toward key support levels may present fresh opportunities for long-term investors, particularly those concerned with issues such as global debt accumulation, sluggish economic growth, and waning confidence in the US dollar.

These global trends have also been reflected in the Kuwaiti domestic market, where the price of 24-karat gold reached KD 42.50 (approximately USD 140.20) per gram, and 22-karat gold was priced at KD 38.96 (approximately USD 128.30). Meanwhile, a kilogram of silver was recorded at KD 625 (around USD 2,062).

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