Kuwait has a growing segment of private sector firms providing trade and logistics services. While many of these firms initially gained a foothold by serving US military personnel in the country, there are signs that the sector is diversifying away from public sector contracts and increasingly catering to businesses and households. Well-known...
Despite the drop in global oil prices since 2014, Kuwait has announced ambitious plans to invest $100bn on oil and gas projects between 2015 and 2020. Investment will be split between upstream investments to raise Kuwait’s output capacity and downstream projects to increase the country’s share of the energy value chain globally. The investment...
The Kuwaiti government has energised the national economy by outlining major investments across strategic sectors under the Kuwait Development Plan (KDP), which runs from 2015 to 2020. Leveraging the country’s strategic location at the head of the Gulf, the plan will direct major investments into transport and logistics infrastructure and...
Following a slight decline in market capitalisation in 2014, the Kuwait Stock Exchange (KSE) is expected to benefit from a series of reforms that are currently being implemented by the Capital Markets Authority (CMA), the sector regulator. This follows from a comprehensive restructuring of the bourse in the years following the 2007-08...
Like much of Kuwait’s financial services industry, the insurance sector has posted solid expansion in recent years on the back of growth in a handful of key areas, including takaful (sharia-compliant insurance) and other non-life segments. In 2014 Kuwait’s insurance sector as a whole brought in an estimated KD303m ($1.04bn) in gross...
THE COMPANY: Established in 2004, Jazeera Airways operates as a low-cost carrier from Kuwait and flies to high-demand business, leisure, family and weekend destinations such as Dubai, Bahrain, Beirut, Alexandria and Cairo. The company first listed on the Kuwait Stock Exchange (KSE) in 2008, and as...
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