As hydrocarbons forms the backbone of Kuwait’s economy, the resurgence in global commodity markets bodes well for the future and has led to a renewed sense of optimism. The recovering market is also supporting the government’s diversification efforts under the auspices of the Kuwait National Development Plan, or New Kuwait.
Kuwait has sought to increase transparency and boost consumer confidence in digital banking by mandating that all service providers register on a central e-payments system, a development that is expected to unlock growth in the market.
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