Credit issuance at Kuwait’s banks rose by 5% in 2012 and by 5.7% in the first six months of 2013, as per data from the KIPCO Asset Management Company (KAMCO). These figures – which represent the highest annual lending since 2009 – can be attributed to the steadily improving financial situation at many of the country’s banks and a rapidly...
In which sectors is KFAED focusing on increasing investment and interest? In what ways will this benefit the region, given recent events?
The Kuwaiti government’s increased efforts to bolster foreign direct investment (FDI) could have a significant impact on its offset activities in 2014, as the state’s National Offset Company (NOC) moves to roll out new partnerships between offset obligors and private investors. Although progress has been moderate since the programme’s...
What impact will the recent legislative changes have on trade and the investment environment?
To what extent is the economy dependent on the government’s National Development Plan (NDP)?
Public spending in Kuwait has come under increased scrutiny in recent years, with a host of domestic and international experts warning that expenditure levels are unsustainable. Kuwait’s welfare system guarantees housing, education, health care and one-off grants to its citizens, as well as cheap power. However, the state is moving forward on...
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