By mid-2016 the period of slow economic growth and falling government revenues that kicked off across the GCC in 2014 was widely thought to have reached an inflection point. The region’s economy is expected to gradually firm up over the medium term. In Kuwait, which like most of its neighbours experienced economic contraction in 2014 and 2015...
In recent years the government has pushed to reform the nation’s health insurance segment. The state’s plans, which involve shifting the cost of medical coverage from the public to the private sector, have major implications for underwriters, expatriate residents and Kuwaiti citizens. At the heart of this effort are two initiatives. The first...
Despite the slowing regional economy and strong competition among local players, Kuwait’s insurance sector has seen steady growth in recent years, due in large part to rising demand for non-life products and increased activity in the takaful (Islamic insurance) segment. In 2015 the industry brought in an estimated KD315m ($1.04bn) in...
On November 10, 2015 Kuwait received news through the official announcement in the Kuwait Official Gazette that the highly anticipated new bylaws governing the Capital Markets Authority (CMA) and regulating securities activities were issued pursuant to Decree No. 72 of 2015 – Executive Bylaws of Law 7 of 2010 regarding the...
With a dozen private hospitals already operating in the country, Kuwait has a thriving private health care sector. The role of private investors in health care is likely to grow over the coming years as the government looks to harness the capital and expertise of international players in particular. The sector is also being driven by the...
The national drive for economic diversification and the nurturing of a knowledge-based economy, combined with a growing young population, has led Kuwait to develop an extensive scholarship programme to allow students to study abroad. Those on government-supported study abroad programmes are joined by many Kuwaiti students whose families fund...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×