Page 7 - Al-Rashed Newsletter October 2020

KUWAIT & IRAQ
KUWAIT NEWS

Kuwait, Egypt, India rank worst for expats in environment and
sustainability rankings
Kuwait has been ranked worst in the Gulf and second worst in the world as a
destination for expats when it comes to environment and sustainability for
2020, according to a survey conducted by Internations International in 60
countries around the world, local media reported. In order for any country to
be included in the sustainability classification for expatriates, it is necessary
to have a survey of at least 75 participants in each country. This year, 60
countries met this requirement and more than a thousand expatriates
participated in the survey.

Kuwait Airways receives first ever Airbus A330-800neo delivery
Airbus has delivered the first two commercial A330-800neo aircraft to launch
customer Kuwait Airways. The two planes with space for 235 passengers
each, were flown from Airbus’ production site in Toulouse, France, to Kuwait
City on Thursday. They join the airline’s existing fleet of Airbus A320,
A320neo, A330-200 and Boeing 777-300ER.

Kuwait to receive first batch of Coronavirus vaccine early 2021
One million COVID-19 vaccines are expected to arrive in Kuwait by early
2021, a government source told Al Qabas. Kuwaiti citizens, health workers,
front line workers, the elderly and people with chronic illness will be given
priority when the first batch of vaccines arrives. The source said that the
vaccines have been developed by three companies, one American, one
German and one British, and have been proven to be successful. In addition,
the vaccines have been reviewed by committees within Kuwait, who stressed
that the vaccines will not be given unless that have been proven to be safe
and effective, the source added.

IRAQ NEWS

Iraq To Back Any OPEC+ Oil Production Decision
OPEC’s second-largest oil producer, Iraq, will support any unanimous decision
that the OPEC+ group makes regarding the alliance’s future oil production
policy, Iraqi Oil Minister Ihsan Abdul Jabbar Ismaael, as quoted by Reuters.
Earlier this week, a Reuters report said that Iraq, the United Arab Emirates
'LIFE IS WHAT (UAE), and Kuwait—the biggest OPEC producers behind Saudi Arabia—are
reportedly not particularly inclined to support a rollover of the cuts of 7.7
HAPPENS WHEN million barrels per day (bpd), because such cuts are too deep for their

YOU'RE BUSY MAKING economies and budget incomes to sustain.
Sources in OPEC told Reuters that the two leaders of the OPEC+ pact, Saudi
OTHER PLANS.' Arabia and Russia, would be inclined to favor rolling over the cuts of 7.7
- JOHN LENNON million bpd in 2021, instead of easing them by 2 million bpd as set out in the
current OPEC+ production agreement.
Kuwait denied the Reuters report, with Oil Minister Khaled al-Fadhel saying
that “Kuwait has supported the deal from day one, and has been one of the
leading countries in terms of compliance with its agreed cuts in line with its
longstanding history of impeccable compliance.”

Source: Ifn.news, Oilproce.com, Gulfnews.com Arabnews.com, Kuwaittimes.com , Reuters