Latest news in Kuwait? September 18th, 2026
18-09-2026
Key developments and news reported in Kuwait for September 18, 2026:
Defense & Bilateral Cooperation with Canada: Kuwaiti Minister of Foreign Affairs Sheikh Jarrah Jaber Al-Ahmad Al-Sabah met with Canadian officials in Ottawa to sign a Memorandum of Understanding between the Kuwaiti Ministry of Defence and the Canadian Commercial Corporation (CCC) to enhance defense and security cooperation.
Regional Security Statements: Kuwait’s Ministry of Foreign Affairs issued statements expressing full solidarity with Saudi Arabia following recent regional cross-border drone incursions, reiterating Kuwait’s stance on safeguarding Gulf sovereignty, airspace security, and regional stability.
Domestic Governance & Legislation: The Council of Ministers recently approved a draft decree-law introducing a modernized Arbitration Law to streamline legal dispute timelines and strengthen investor confidence in the local business environment.
Financial & Monetary Policy: The Central Bank of Kuwait (CBK) decided to keep its key discount rate unchanged at 3.50%, balancing domestic economic liquidity amid global interest rate adjustments.
Energy Market: Kuwait Petroleum Corporation (KPC) reported that the price of a barrel of Kuwaiti crude oil settled at $120.18, reflecting broader shifts in international energy benchmarks.