The discovery of Kuwait’s Burgan oilfield in 1938 set the state on a path of development that has made it one of the richest nations in the world, and its buoyant oil revenues, years of budget surpluses, and a young and growing population combine to underwrite the nation’s future economic expansion. Alongside Qatar and the UAE, Kuwait boasts the...
What can the Capital Markets Authority (CMA) do to encourage market depth and sophistication?
In the decade since the passage of Kuwait’s foreign direct investment (FDI) legislation, the nation has worked to capitalise on the numerous advantages it offers investors from beyond its borders. These include: its location between Iraq and Saudi Arabia; a relatively open economy with a thriving merchant class; one of the most vocal and democratic...
Recently, the state of Kuwait celebrated the 50th anniversary of the ratification of its constitution. This marked the culmination of a process of political and social development that spans four centuries. Over that time the relationship between the ruler and his people has changed. Today, that relationship is securely established within the...
Boosting economic integration among the Gulf states has been a key component of the GCC since the organisation was established in late May 1981. Indeed, while the six countries that make up the GCC – namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE – have implemented joint projects in a wide variety of sectors, economic cooperation...
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