The need for economic diversification was underscored this past year as the Kuwaiti economy came under pressure from lower oil revenues.
Kuwait
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Economic update | Kuwait Year in Review 2015
27 Dec 2015
A newly signed deal will see the creation of Kuwait’s first solar-thermal energy generation station. The project is viewed as a crucial step towards achieving the country’s goal of increasing the share of renewables in the country’s energy mix and boosting private investment in the sector.
Economic update | Kuwait bourse set for major reforms
27 Oct 2015
Improving liquidity and boosting market capitalisation are the focus of reforms under way at the Kuwait Stock Exchange (KSE), as the authorities work to reinvigorate the bourse’s growth.
Articles & Analysis | Kuwait's banking industry looks to the future from The Report: Kuwait 2015
After more than half a decade of heavy provisioning and regulatory reforms, Kuwait’s banking sector is now in the early stages of resurgence in credit issuance and various other activities. The industry’s overall stability and performance has improved markedly since the 2007-08 global economic downturn, due in large part to a series of new...
Articles & Analysis | Unlocking potential: The government has introduced new regulations as the market recovery continues from The Report: Kuwait 2015
In March 2014 Kuwait’s central bank announced that foreign banks would be allowed to operate more than one branch at a time in the country. Moreover, over the past few years the Central Bank of Kuwait (CBK) has worked to encourage banks to boost credit issuance to both individuals and businesses. These changes have been lauded as a means of...
Articles & Analysis | Rest assured: A new health care provider will initially serve the expatriate community from The Report: Kuwait 2015
On December 31, 2014 every citizen in Kuwait became a partial owner of the Kuwait Health Assurance Company (KHAC), a new private sector provider of medical insurance. Some 1.15m shares of the company – worth around KD230m ($792.4m) in total paid-up capital – were eventually distributed among nationals by the Kuwait Clearing Company, which...