In a lower oil price environment such as the one that has persisted since late 2014, banking sectors in the GCC find themselves under heightened scrutiny. Kuwait is no exception, but where other banking sectors in the region have been compelled to face sizeable cutbacks in government spending, the nation’s deep reserves have enabled it to defend the development pipeline on which so much of the...
Kuwait
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Chapter | Country Profile from The Report: Kuwait 2017
Kuwait is a member of both the Organisation of the Petroleum Exporting Countries and the GCC. Additionally, it is considered by many to be the most politically dynamic country in the Gulf, which has afforded it strong foundations to help tackle recent issues concerning parliamentary elections and accountability; it has also played a key mediating role in the 2017 diplomatic crisis between...
As Kuwait’s economy continues to adjust to the new oil price environment the country’s government is pushing ahead with investment plans and reforms that promise to put the country on a sustainable growth path in the coming years.
Chapter | Islamic Financial Services from The Report: Kuwait 2016
Driven by rising demand for new sources of financing in the face of weak oil prices, Kuwait’s Islamic financial services (IFS) sector is increasingly considered to be a core component of the nation’s development. The industry’s steadily improving profile is largely a result of the government’s efforts to shore up the sector’s reputation over the past decade, most recently by rolling out new...
Chapter | Table of Contents from The Report: Kuwait 2016
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The guide contains listings of some of the leading hotels and resorts in Kuwait and contacts for important government offices and services. It also contains useful tips and information for first-time or regular visitors.