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GCC open to green energy collaboration with ASEAN: Crown Prince

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KUALA LUMPUR: Energy security and environmental sustainability are among the GCC’s foremost priorities of international cooperation, said His Highness the Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah on Tuesday.

Speaking at the second GCC–ASEAN summit in Kuala Lumpur, Sheikh Sabah Al-Khaled praised the progress ASEAN nations have made in the field of green energy. He expressed the GCC’s readiness to support climate goals through clean energy cooperation and proposed strategic partnerships in food security and digital infrastructure to strengthen resilience and innovation.

The Crown Prince also proposed designating 2026 as a “GCC–ASEAN Cultural Convergence Year,” featuring cultural weeks, forums, and exhibitions, alongside national cultural days in both regions. He also called for initiatives to empower youth and women through training, skill development, and entrepreneurship programs.

A key moment

The summit was held under the joint chairmanship of His Highness the Crown Prince Sheikh Sabah Al-Khaled, representing His Highness the Amir of Kuwait Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah and current President of the GCC Supreme Council; Malaysian Prime Minister Dato’ Seri Anwar Ibrahim, current Chair of ASEAN; and leaders of ASEAN member states.

His Highness noted that both blocs possess vast geographical, demographic, and strategic assets that qualify them to play an influential global role, especially amid accelerating economic changes, security challenges, climate risks, and technological revolutions that demand new patterns of cooperation.

Sheikh Sabah Al-Khaled described the summit as a key moment in strengthening ties between the GCC and ASEAN, and as a reaffirmation of their collective commitment to building a strategic partnership rooted in mutual interests, international law, and inclusive sustainable development.

He recalled the first summit held in Riyadh in October 2023, calling it a successful launchpad that helped shape the current strategic cooperation framework (2024–2028). He said this serves as a roadmap for institutionalizing the partnership and translating it into practical tools for progress.

His Highness highlighted the combined economic and demographic power of the two blocs, with a total GDP nearing $6 trillion and a population of around 740 million. “The importance of this partnership lies in the fact that both sides together represent a tremendous economic and human force,” he said. “We are connected by some of the world’s most vital maritime and trade routes, giving our cooperation a geopolitical and strategic dimension that directly impacts regional stability and global economic growth.”

Economic achievements

He welcomed the economic achievements since the first summit, particularly in trade and investment, and called for keeping pace with developments in artificial intelligence and cybersecurity.

He noted that the GCC became ASEAN’s seventh-largest trading partner in 2023, with total trade reaching $130.7 billion. He projected a 30 percent increase to $180 billion by 2032. Bilateral trade in goods surpassed $122 billion in 2023, with rising Gulf investments in Asia reflecting growing trust and economic complementarity.

He urged continued efforts to enhance cooperation in economic, investment, trade, and technical sectors, including positive progress in free trade negotiations and policies to support investment and regional supply chains.

Security cooperation

His Highness reiterated the GCC’s commitment to constructive dialogue, mutual understanding, respect for sovereignty, and non-interference in internal affairs. He called for enhanced cooperation to combat terrorism, extremism, organized crime, and for stronger crisis response mechanisms.

His Highness emphasized energy security and environmental sustainability as top priorities and praised ASEAN’s progress in renewable energy. He expressed GCC readiness to exchange expertise in clean energy, green hydrogen, and low-carbon technologies to support the Paris Climate Agreement goals.

In light of global crises and the COVID-19 pandemic, he proposed strategic partnerships in agriculture, food innovation, and supply chain resilience. He called for cooperation in building an inclusive digital economy and infrastructure, including sharing best practices in e-commerce and digital transformation.

Palestine, regional issues

His Highness expressed deep concern over the ongoing humanitarian crisis in Gaza and the occupied Palestinian territories. He reaffirmed the GCC’s firm support for the Palestinian people’s right to establish an independent state along the June 4, 1967 borders with East Jerusalem as its capital.

He called on the international community to uphold its legal and moral responsibilities to halt aggression, protect civilians, and revive a credible peace process based on international legitimacy and the Arab Peace Initiative. He also welcomed ASEAN’s supportive stance toward Palestinian rights.

On Syria, His Highness welcomed recent positive developments and reaffirmed the GCC’s support for preserving Syria’s sovereignty and enabling stability and reconstruction for the Syrian people.

Expo 2030

His Highness emphasized that the success of the summit would not be measured by declarations alone, but by the translation of goals into tangible results. He proposed establishing a high-level follow-up mechanism supervised by both blocs’ Secretariats to regularly report on progress.

He concluded by inviting ASEAN countries to participate in Expo 2030 in Riyadh, describing it as a global platform for showcasing sustainable partnerships, future technologies, and economic and cultural openness.

His Highness expressed appreciation to Malaysia once again and wished the summit great success in achieving its noble objectives, and for continued prosperity in GCC–ASEAN relations. — KUNA

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Kuwait population reaches 5.099 million; Budget revenues could hit KD 18.276bn

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KUWAIT: The total population in Kuwait reached approximately 5.099 million people by the end of June 2025, marking a growth of about 2.2 percent—or an absolute increase of around 111,000 people—compared to the end of 2024 when the population was 4.988 million, according to the data released by the Public Authority for Civil Information. The PACI has released the latest detailed data on population and labor statistics as of the end of June 2025.

The proportion of Kuwaitis in the total population also dropped— from about 31.7 percent at the end of the first half of 2024 to around 30.4 percent according to the latest figures. The number of Kuwaiti males, at approximately 776.7 thousand, slightly exceeds that of Kuwaiti females, at around 773.9 thousand. Meanwhile, the number of non-Kuwaiti residents increased by about 189.3 thousand people, representing a growth rate of approximately 5.6 percent, bringing their total to around 3.548 million. The compound annual growth rate (CAGR) of the non-Kuwaiti population from 2015 to June 2025 was about 2.0 percent.

The total number of workers in Kuwait reached approximately 3.142 million, representing about 61.6 percent of the total population. For Kuwaiti citizens, the employment-to-population ratio stood at about 31.7 percent of the total Kuwaiti population. Notably, the percentage of employed non-Kuwaitis out of the total non-Kuwaiti population was around 74.7 percent. When compared to the end of June 2024, the share of Kuwaiti workers within the total workforce in Kuwait decreased from about 16.6 percent to approximately 15.6 percent in June 2025.

Additionally, the proportion of female workers among the total Kuwaiti workforce declined to around 49.3 percent by the end of the first half of the current year, down from 51.2 percent in June 2024. Female workers made up around 30.3 percent of the total workforce in Kuwait. The number of employed Kuwaiti nationals declined by approximately 15.2 thousand, bringing the total to around 491.1 thousand workers, down from about 506.4 thousand at the end of June 2024. Of these, about 392.9 thousand were employed in the government sector, accounting for 80.0 percent of all working Kuwaitis. This figure differs from the 83.8 percent reported by the CSB, both entities being government institutions, which may be due to the inclusion of unemployed individuals or those on waiting lists in the latter’s figures.

It is believed that the number of openly unemployed Kuwaitis slightly increased to around 30.7 thousand individuals, representing approximately 6.2 percent of the total Kuwaiti labor force by the end of June 2025, compared to about 29.9 thousand or 5.9 percent at the end of June 2024. The total number of workers (both Kuwaiti and non-Kuwaiti) in the government sector reached about 520 thousand, which accounts for roughly 16.5 percent of the total population. Kuwaitis made up approximately 75.6 percent of all employees in the public sector.

Kuwait oil price edges up

By the end of July 2025, the fourth month of the current fiscal year 2025/2026 had concluded. The average price of Kuwaiti oil per barrel for July was around $71.4, an increase of $1.5 per barrel or by 2.2 percent compared to the June’s average of $69.9 per barrel. It was also higher by $3.4 per barrel or by 5.0 percent, compared to the new assumed price in the current budget which is set at $68 per barrel. When comparing this figure to the approved expenditures of KD 24.538 billion, it is likely that the general budget for the current fiscal year 2025/2026 will record a deficit of KD 6.262 billion. However, the dominant factor remains the developments in oil revenues and the potential for savings in expenditures.

Furthermore, the average price of Kuwaiti oil per barrel for the elapsed period of the current fiscal year stood at $69, that is lower by $10.7 or by-13.4 percent compared to the average price per barrel of the previous fiscal year 2024/2025, which was around $79.7. It is also lower by $21.5 or by 23.7 percent, compared to the breakeven price in the current budget at $90.5, according to estimates by the Ministry of Finance and following the suspension of the 10 percent deduction from total revenues for the Future Generations Reserve. It is assumed that Kuwait generated oil revenues of KD 1.352 billion in July. Assuming that production levels and prices remain unchanged, an assumption that may not hold, total oil revenues for the entire current fiscal year are expected to reach KD 15.350 billion after deducting production costs.

This figure is around KD 45 million higher than the estimated amount in the current fiscal year’s budget, which is at KD 15.305 billion. With the addition of around KD 2.926 billion in non-oil revenues, the total budget revenues for the current fiscal year would amount to KD 18.276 billion. An announcement was made on July 22, 2025, regarding the actual budget deficit (the final account) for the previous fiscal year 2024/2025, which amounted to KD 1.056 billion. However, the detailed figures of that final account have not yet been published, making it difficult to analyze the situation.

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NBK sponsors the ‘Green Adventure’ program in collaboration with LOYAC

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KUWAIT: As part of its strategic partnership with LOYAC, and within its ongoing commitment to youth and society development, NBK sponsored the “Green Adventure” program aimed to build future leaders. The “Green Adventure” program, which is a unique initiative that combines physical and educational sustainability-related activities, took place in Portugal for seven days.

Through interactive theoretical sessions and practical field activities, the program targeted instilling values of environmental responsibility and sustainability for the youth to become future leaders and change makers. In the program, the students learned sustainable natural landscape and garden designing, in addition to applying sustainable daily agricultural practices to make a positive environmental impact.

The adventure opened many golden opportunities for the participants, such as exploring Portugal’s charming nature, diverse wildlife, and unique environmental systems. They also visited the ancient Moorish castle, and they were able to build connections with same-interest individuals and experts in the field, in addition to achieving a deeper understanding of the relationship between nature and society.

This sponsorship comes as an emphasis of NBK’s leadership in social responsibility and its commitment to investing in future generations, as it firmly believes in the effectiveness of such initiatives that contribute to shaping deeper understandings of global environmental issues, which consequently builds a generation that is strongly aware and capable of facing future sustainability-related challenges.

Additionally, NBK highlights the importance of private sector and non-profit organizations collaborations that aim to achieve sustainable development, and this sponsorship is part of a wider strategy that supports initiatives of youth education and environmental development for a better future for Kuwait and the region.

In this light, NBK will continue to promote social responsibility and support all society’s segments and non-profit organizations, particularly those institutions and programs that care for the youth and address their needs and requirements for a better future, as it strongly believes in the effective role of these programs in serving society and people. LOYAC is a non-profit organization that aims to support the youth by providing training opportunities and specialized educational and volunteer development programs.

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Kuwait Acting PM, FM receive Antigua and Barbuda’s FM

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KUWAIT: Kuwait’s Acting Prime Minister Sheikh Fahad Yusuf Al-Sabah receives on Wednesday at Bayan Palace, in the presence of Foreign Minister Abdullah Al-Yahya, Antigua and Barbuda’s Minister of Foreign Affairs, Trade, and Barbuda Affairs Everly Paul Chet Greene, along with his accompanying delegation. --KUNA

KUWAIT: Kuwait’s Acting Prime Minister Sheikh Fahad Yusuf Al-Sabah receives on Wednesday at Bayan Palace, in the presence of Foreign Minister Abdullah Al-Yahya, Antigua and Barbuda’s Minister of Foreign Affairs, Trade, and Barbuda Affairs Everly Paul Chet Greene, along with his accompanying delegation. –KUNA

KUWAIT: Kuwait’s Acting Prime Minister Sheikh Fahad Al-Yousef Al-Sabah received on Wednesday at Bayan Palace, in the presence of Foreign Minister Abdullah Al-Yahya, Antigua and Barbuda’s Minister of Foreign Affairs, Trade, and Barbuda Affairs Everly Paul Chet Greene, along with his accompanying delegation, on the occasion of his visit to the country. During the meeting, the two sides reviewed bilateral relations between the two countries and ways to strengthen them, in addition to exchanging views on issues of mutual interest.

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During the meeting, they reviewed the close bilateral relations between the two friendly countries and the frameworks for strengthening and developing them in various fields, in addition to discussing regional and international developments and the developments taking place in the region. — KUNA

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