Connect with us

Latest News

GCC economy ranks 11th globally with $2.1 trillion GDP

Published

on

KUWAIT: The Gulf Cooperation Council (GCC) has made remarkable strides as a global economic bloc, ranking as the 11th largest economy in the world with a combined gross domestic product (GDP) of $2.1 trillion, according to the Statistical Center for the Cooperation Council for the Arab States of the Gulf (GCC-Stat). In a statement released to mark the 44th anniversary of the Council’s founding, which falls on Sunday, the center highlighted the significant economic achievements and strategic progress made by GCC member states. The statement, received by Kuwait News Agency (KUNA), underscored the GCC’s growing influence in global economic indicators.

GCC-Stat Director General Intisar Al-Wahibi said the total foreign reserve assets of the Gulf countries stand at $748 billion, while the combined assets of sovereign wealth funds in the region are estimated at $4.9 trillion — representing 37 percent of the total assets held by the world’s top 100 sovereign wealth funds. She noted that the GCC countries collectively contribute 30 percent of the Middle East’s renewable electricity production capacity, reflecting the region’s commitment to a sustainable energy transition. In addition, Gulf financial markets represent 4.3 percent of total global market capitalization, placing the GCC seventh globally in this regard.

Al-Wahibi highlighted the growing role of artificial intelligence (AI) in the region, stating that AI is projected to contribute 34 percent to the GCC’s GDP by 2030. She added that five GCC countries are currently among the top 50 global economies in terms of government readiness for AI, significantly outperforming the global average. She emphasized the role of GCC-Stat in supporting joint Gulf efforts by providing accurate, unified data and indicators that assist in decision-making and policy formulation, thereby advancing sustainable development objectives across member states.

Reaffirming the center’s mission, Al-Wahibi said GCC-Stat remains committed to developing statistical infrastructure, building national capacities, enhancing transparency and supporting integrated Gulf action. Based in the Sultanate of Oman, the GCC Statistical Center serves as the official body for data and statistics pertaining to the GCC countries. It also plays a key role in strengthening the work of national statistical centers and planning agencies within the region. — KUNA

Latest News

Sheikha Jawaher discusses women’s role in diplomacy, visits Ban Ki-moon Centre

Published

on

By

VIENNA: Assistant Foreign Minister for Human Rights Ambassador Sheikha Jawaher Al-Sabah discussed ways to enhance the role of women in the diplomatic corps during a meeting on Friday with Director of the Diplomatic Academy of Vienna Ambassador Emil Brix. The talks focused on advancing female participation in diplomacy through specialized training programs and targeted workshops.

The meeting took place on the sidelines of Sheikha Jawaher’s visit to the academy, coinciding with her participation in the United Nations Commission on Crime Prevention and Criminal Justice sessions. Speaking to KUNA, Sheikha Jawaher said the discussions also addressed bilateral ties between Kuwait and Austria, highlighting the importance of academic and institutional cooperation in advancing shared diplomatic goals.

No Image

Earlier, Sheikha Jawaher visited the Ban Ki-moon Centre for Global Citizens in Vienna, as part of Kuwait’s ongoing efforts to strengthen global partnerships in the fields of human rights and sustainable development. In a statement to KUNA, the ambassador said she met with the Center’s President, former Austrian President Dr Heinz Fischer, where both sides explored prospects for collaboration, particularly in youth and women empowerment, and in supporting international efforts to achieve the UN Sustainable Development Goals (SDGs).

Sheikha Jawaher emphasized the significance of unifying global efforts to address development and humanitarian challenges, underlining the key role of institutional partnerships in building inclusive and equitable societies. She also reaffirmed Kuwait’s pride in being among the founding nations of the Center and reiterated the country’s commitment to initiatives promoting human rights and equality. She praised the Center’s positive contributions to sustainable development efforts at both regional and international levels. — KUNA

Continue Reading

Latest News

Zain and Rakuten Symphony partner to deploy Cloud-Native Open RAN

Published

on

By

KUWAIT: Zain Kuwait and Rakuten Symphony have announced the signing of a Memorandum of Understanding (MoU) that will see the organizations collaborate on a pilot project to establish a functional cloud-native Open Radio Access Network (Open RAN) in the country. Zain Kuwait will utilize Rakuten Symphony’s ORAN and Cloudportfolio to deliver 5G Standalone sites as part of a project that will represent Kuwait’s first Open RAN deployment of its kind.

The MoU was signed at Rakuten Symphony’s headquarters in Tokyo, Japan, by Daaij Al-Oud, Chief Technology Officer at Zain Kuwait, and Sharad Sriwastawa, President of Rakuten Symphony, along with executive teams from both partners. The project will be the initial phase for planned large scale commercial deployment of Open RAN in Kuwait and across Zain Group, which operates in eight markets across the Middle East and North Africa region.

As part of the project, Rakuten Symphony will supply its innovative Open RAN virtualized Distributed Unit and Centralized Unit software, along with cloud-native virtualized software, as well as ensuring that its Open RAN solution is fully functional and capable of handling commercial traffic. Zain Kuwait will allocate the required cell sites as well as providing data center infrastructure and 5G SAcore with related transport connectivity.

Daaij Al-Oud said, “This collaboration with Rakuten Symphony marks a significant step in our journey to transform Kuwait’s telecom infrastructure. By piloting the country’s first cloud-native Open RAN deployment, we aim to unlock new levels of network agility, efficiency and scalability. This initiative is not just a technological milestone for Zain Kuwait, but a strategic move that aligns with our broader vision of leading digital innovation across the region.”

Sharad Sriwastawa said, “Rakuten Symphony is pleased to support Zain Kuwait in delivering the country’s first Open RAN deployment of its kind. By venturing into networks driven by cloud-native, open principles and leveraging Rakuten Symphony’s proven portfolio, Zain Kuwait has the potential to realize the benefits of increased operational flexibility and reduced time to market, in turn delivering better performance for customers.” Rakuten Mobile, in collaboration with Rakuten Symphony, will apply the achievements obtained from the “Research and Development Project of the Enhanced Infrastructures for Post-5G Information and Communication Systems (JPNP20017)”, subsidized by the New Energy and Industrial Technology Development Organization (NEDO).

• Daaij Al-Oud: “By piloting the country’s first cloud-native Open RAN deployment, we aim to unlock new levels of network agility, efficiency and scalability”

• Sharad Sriwastawa: “Leveraging Rakuten Symphony’s proven portfolio, Zain aims to boost network agility and accelerate service delivery for an enhanced customer experience”

Continue Reading

Latest News

Kuwait honored with WHO prize for healthy ageing efforts

Published

on

By

BERN: The World Health Organization (WHO) on Friday awarded the 2025 His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah Prize for the Promotion of Healthy Ageing to Professor Huali Wang of China and Kuwait’s Ministry of Health, represented by the Geriatric Healthcare Directorate, in recognition of their outstanding contributions to elderly care.

The award ceremony was held at the United Nations headquarters in Geneva on the sidelines of the WHO’s 78th World Health Assembly. The event was attended by Kuwait’s Minister of Health Dr Ahmad Abdulwahab Al-Awadhi, Permanent Representative to the United Nations and International Organizations in Geneva Ambassador Nasser Al-Hayen, Assistant Undersecretary for External Health Services Hisham Kelendar, WHO Director-General Dr Tedros Adhanom Ghebreyesus, as well as senior WHO officials and representatives of member states.

WHO officials commended Professor Wang’s pivotal role in developing China’s national geriatric care and Alzheimer’s strategies, which included forming over 150 care teams across 27 regions, advancing early diagnosis, and promoting public education and caregiver training in partnership with WHO. Kuwait was similarly recognized for its progress in the field, particularly the development of a national elderly care strategy (2024–2030), which has enhanced healthcare services for the elderly by more than 40 percent.

WHO affirmed that the recipients were selected following an extensive evaluation by an independent expert panel. The prize, established by the State of Kuwait, is awarded annually to individuals and institutions that demonstrate excellence in advancing the health and well-being of older people. Separately, Kuwait hosted a high-level event in Geneva titled “Enhancing the Quality of Health Care through Medical Accountability.” Held in cooperation with WHO, the event drew participation from health ministers, ambassadors, WHO leaders, and representatives of regional and international health organizations.

In his remarks, Dr Al-Awadhi reaffirmed Kuwait’s firm commitment to fostering transparency and accountability within the healthcare system, emphasizing their vital role in improving patient safety and operational efficiency. “Kuwait is dedicated to institutionalizing medical responsibility as a core pillar of healthcare reform,” he said, highlighting recent reforms aimed at elevating standards of care.

Chairman of the Medical Accountability Authority Sheikh Dr Salman Al-Sabah presented Kuwait’s pioneering model of medical oversight, noting that the independent authority reviews professional conduct, investigates patient complaints and issues expert assessments. He emphasized that the authority functions within a framework that upholds impartiality and public trust.

WHO Regional Director for the Eastern Mediterranean Dr Hanan Balkhi praised Kuwait’s approach, describing it as a “leading example” of transparent and integrated medical accountability in the region. WHO expert Jill Campbell echoed these sentiments, calling on neighboring countries to adopt similar models and expand regional cooperation on health governance.

The event featured in-depth dialogue on global best practices and challenges in healthcare oversight, concluding with a set of recommendations. These included enhancing national legislation on medical accountability, ensuring the independence of regulatory bodies, advancing research in the field, and strengthening WHO’s capacity-building efforts at regional and international levels. — KUNA

Continue Reading

Trending

Copyright © 2025 SKUWAIT.COM .