A member of both the Organisation of the Petroleum Exporting Countries and the GCC, Kuwait is arguably the most politically dynamic in the Gulf, which has afforded it strong foundations to help tackle recent issues concerning parliamentary elections and accountability. By continuing with economic diversification efforts and reducing dependence on oil revenues, it is also adding increased...
Kuwait
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Chapter | Country Profile from The Report: Kuwait 2016
The fall in oil prices led to significantly reduced government revenues for Kuwait in 2015. Despite this the country’s 2016 spending remained largely in line with previous years as the government opted to draw on its considerable financial buffers to help make up for budgetary shortfalls.
Articles & Analysis | Home away from home: from The Report: Kuwait 2016
JW MARRIOTT KUWAIT Al Shuhada Street, Safat T: +965 2245 5550 F: +965 2245 1889 www.jwmarriottkuwaithotel.com Rooms: 240 rooms and 73 suites. Business & Conference Facilities: 4 meeting rooms, 2 ballrooms, Executive Lounge and business centre. Leisure Facilities: Elite Health Club and Spa, indoor pool and whirlpool. Guest Services: Valet...
Articles & Analysis | Useful tips for business visitors and leisure travellers from The Report: Kuwait 2016
ETIQUETTE: It is customary to exchange handshakes when introducing yourself; however, it is important to allow members of the opposite sex to extend their hand to initiate the handshake. It is also not uncommon to see men greet each other with kisses on both cheeks. The dress code during business...
The government’s recent decision to make cuts to Kuwait’s petrol subsidy system is expected to boost state coffers amid low global oil prices, despite some push-back from organised labour.
With low oil prices continuing to take their toll on the Kuwaiti economy, the government is hoping investment in the small and medium-sized enterprise (SME) sector begins to pay dividends.