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Kuwait’s sovereign wealth fund maintains fifth place globally

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KUWAIT: Kuwait’s sovereign wealth fund ranks among the top 10 largest in the world, holding an estimated $1.029 trillion in assets — about 7.2 percent of the total global sovereign wealth fund value, according to a July report by the Sovereign Wealth Fund Institute (SWFI), cited in Al-Shall Consulting’s latest weekly economic report.

The global total of sovereign wealth fund (SWF) assets now stands at an estimated $14.3 trillion, with the top 10 funds controlling a dominant 69.4 percent share — or nearly $9.93 trillion. Kuwait’s share of the top 10 alone accounts for 10.4 percent.

The SWFI list includes two Chinese and two Singaporean funds, which, if combined, would effectively mean the top 10 represents the eight largest global players. China leads the ranking with a combined sovereign wealth fund value of $2.422 trillion, followed by Norway’s Government Pension Fund Global at $1.739 trillion. Singapore’s two funds — GIC and Temasek — jointly hold $1.315 trillion. The Abu Dhabi Investment Authority comes next with $1.058 trillion.

Kuwait’s position at fifth place is just ahead of Saudi Arabia, whose Public Investment Fund is valued at $941 billion. Qatar ranks lower on the list with its fund valued at $526 billion. Notably, the UAE has a total of seven funds, but the report focuses only on individual entities and excludes aggregated figures.

Al-Shall emphasized that the figures “are not necessarily precise,” noting that “other institutions, such as credit rating agencies, offer alternative estimates, often lower of these fund valuations.”

Beyond just size, sovereign wealth funds play different roles depending on the countries they represent. Norway’s fund is globally recognized for its transparency and clear mission: to replace the country’s oil and gas revenues with a sustainable, income-generating asset. All its policies and activities are published and updated daily.

In contrast, China’s funds serve broader economic and geopolitical goals. “They act as emergency reserves to stabilize the economy in times of crisis, but more importantly, they function as tools to expand China’s Belt and Road Initiative across the widest possible global footprint,” the report noted.

Kuwait’s wealth fund, Al-Shall argued, should ideally serve two core objectives: “Contributing to the diversification of the country’s GDP drivers by identifying and investing in targeted sectors of goods and services production,” and “developing a sustainable income stream from its investments to support the restructuring and reclassification of public revenue sources.”

This approach, the report added, “entails assuming a measured level of risk and targeting a certain percentage of return on investment,” which can help the country gradually reduce its heavy reliance on oil revenues — a commodity becoming “increasingly less competitive.”

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Kuwait Times Summer Program interns visit NIC

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KUWAIT: Kuwait Times Summer Program interns visited the National Investments Company (NIC) on Tuesday for an interactive session with the Marketing and Corporate Communications team. The program included an overview of NIC’s history and vision, followed by group activities to develop video concepts aligned with the company’s brand and produce content using NIC’s in-house studio facilities.

Interns also received practical guidance on building a social media brand voice and writing effective press releases. The visit provided participants with hands-on experience in corporate communications, offering insight into the fast-paced media and investment landscape. Now in its fourth edition, the Kuwait Times Summer Program continues to connect young talents with leading institutions, supporting career development and expanding professional networks.

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Kuwait launches 2025-2030 youth strategic plan

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Kuwait launches 2025-2030 youth strategic plan

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2nd Kuwaiti aid plane arrives in Jordan to support Gaza

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KUWAIT/AMMAN: A second plane carrying humanitarian aid from Kuwait has arrived at Marka Military Airport in Jordan, bringing 10 tons of essential food supplies for the Gaza Strip. The aid flight departed from Abdullah Al-Mubarak Airbase in Kuwait and was organized by the Kuwaiti Red Crescent Society in coordination with Kuwait’s Ministries of Social Affairs, Foreign Affairs, and Defense, with support from the Kuwaiti Air Force.

This follows Kuwait’s first relief flight to Gaza on Sunday, which delivered 10 tons of food supplies as part of a new airlift campaign aimed at easing the severe humanitarian crisis in the Palestinian territory. That flight headed to Al-Arish International Airport in Egypt, where aid will be transferred safely into Gaza.

Khaled Al-Mughamis, chairman of the Kuwaiti Red Crescent, told KUNA before the second flight that the airlift reflected Kuwait’s longstanding commitment to humanitarian support. He said:

“Launching this second aid flight from the second Kuwaiti humanitarian airlift for our Palestinian brothers reflects Kuwait’s deeply rooted humanitarian approach — leadership, government, and people alike — in supporting afflicted peoples and easing their suffering.”

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The shipment was prepared with supplies from the Kuwait Flour Mills and Bakeries Company to ensure quality, he added. Officials are working closely with the Kuwaiti embassy in Jordan, the Jordanian Hashemite Charity Organization, and the Palestinian Red Crescent to prioritize aid distribution according to need. Arrangements are underway for further flights as part of Kuwait’s second humanitarian airlift to Gaza, said Al-Mughamis, who thanked donors and official bodies for facilitating and expediting the aid.

“The ‘Fazaa for Gaza’ campaign embodies what the people of Kuwait — leaders and citizens — have been built upon: standing firmly with our brothers and sisters, inspired by Kuwait’s historic role as a regional and global center for humanitarian work,” he said.

Kuwait’s campaign comes as Gaza faces catastrophic conditions. According to Gaza’s Health Ministry, at least 61,599 Palestinians have been killed in the Zionist entity’s genocidal war on the Gaza Strip since October 2023. This includes 227 who died from starvation — 103 of them children. The ministry also noted that 31 Palestinians were killed and over 388 injured while trying to get humanitarian aid in the last 24 hours, bringing the total number of Palestinians killed while seeking aid to 1,838, with over 13,409 others wounded since May 27.

Earlier this week, Kuwait’s Ministry of Social Affairs announced that a nationwide donation campaign had raised KD 11.5 million. Funds are being used to purchase food and other essentials through the Kuwait Flour Mills Company, with the Kuwaiti Red Crescent Society overseeing procurement. — Agencies

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