KUWAIT — The Kuwaiti Cabinet reinforced its commitment to ongoing financial reforms aimed at fostering a more sustainable and competitive economy over the medium and long term, emphasizing the resilience and solvency of the national economy. During its weekly session on Tuesday, chaired by Prime Minister Sheikh Ahmad Al-Abdullah Al-Ahmad Al-Sabah, the Cabinet reviewed detailed presentations on the state’s financial status as of March 31, 2026, and the implementation of ministry and government department budgets for the fiscal year 2026/2027.
The presentations, delivered by Minister of State for Economic Affairs and Investment Abdulaziz Al-Marzouq and Minister of Finance Dr. Yaqoub Al-Refai, highlighted significant growth in non-oil revenues, attributed to structural financial reforms. These reforms are seen by the Cabinet as instrumental in attracting foreign investment and advancing Kuwait’s goal to become an attractive financial and commercial hub. The government also approved a draft decree law on government sukuk, which was referred to His Highness the Amir for endorsement.
The Cabinet underscored that the robust financial position of Kuwait, supported by substantial assets and reserves, enables the country to withstand regional and international challenges. The officials noted that the positive financial indicators reflect the success of policies aimed at economic openness and the creation of sustainable employment opportunities for future generations.
In addition to financial matters, the Cabinet examined diplomatic, security, economic, and legislative developments. It received a message from Yemen’s Presidential Leadership Council Chairman, Dr. Rashad Mohammed Al Alimi, conveyed by Yemen’s Foreign Minister Dr. Afrah Abdulaziz Al Zouba to Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, focusing on bilateral relations and cooperation.
Messages from His Highness the Amir to South Korean President Lee Jae Myung and Japanese Prime Minister Sanae Takaichi were reviewed, underscoring historic ties and regional dynamics. Foreign Minister Sheikh Jarrah Jaber Al-Ahmad Al-Sabah reported on recent visits to Beijing, Seoul, and Tokyo, where he engaged with senior officials, including Chinese Vice President Han Zheng, South Korean National Security Adviser Wi Sung lac, and Japanese Foreign Minister Toshimitsu Motegi. These discussions concentrated on enhancing strategic partnerships, expanding cooperation, and addressing regional and international developments, coinciding with Kuwait’s 55th anniversary of diplomatic relations with China and its 65th anniversary with Japan.
Sheikh Jarrah also updated the Cabinet on calls with foreign ministers from allied countries, focusing on efforts to mitigate tensions, protect maritime navigation, and promote regional stability. The Cabinet strongly condemned recent Iranian attacks on the United Arab Emirates and Jordan, labeling them violations of sovereignty and threats to security, while reaffirming Kuwait’s solidarity and support for protective measures taken by the affected nations.
Defense Minister Sheikh Abdullah Ali Abdullah Al-Salem Al-Sabah briefed the Cabinet on his official visit to Islamabad, where he signed a protocol agreement with Pakistan’s Ministry of Defense regarding the operational deployment of Pakistani forces in Kuwait. The agreement, signed in the presence of Kuwait Army Chief of General Staff Lieutenant General Khaled Al-Shuraian, aims to deepen military cooperation, operational coordination, and expertise exchange. Sheikh Abdullah also met with Pakistan’s Chief of Army Staff and Chief of Defense Forces Field Marshal Syed Asim Munir to discuss further collaboration.
The Cabinet received a message from UAE Vice President, Prime Minister, and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum inviting the Prime Minister to participate in the Abu Dhabi Sustainability Week summit. It also welcomed Lebanon’s Ambassador to Kuwait, Ghadi Al Khoury.
On the legislative front, the Cabinet approved a draft decree law introducing a new Media Regulation Law to address the evolving landscape of publishing, broadcasting, and communications in the digital age. The proposed legislation targets practices such as promoter accounts, social media platforms, digital rebroadcasting, and online advertising, reflecting shifts that existing laws do not fully cover. This draft was submitted to His Highness the Amir for consideration.