Based on Ministry of Finance reports, Kuwait’s 2010/11 primary budget surplus registered approximately KD5.3bn ($19bn), capping off a decade of substantial surpluses. With oil prices trending towards record highs, the 2011/12 budget is also expected to remain firmly in the black, with the surplus estimated at between KD6bn ($21.6bn) and KD12bn ($43....
Since launching in 1992, the Kuwait Offset Programme (KOP) has played a key role in stimulating the growth of local industries and attracting foreign investment, particularly in the areas of defence and education. Under the National Development Plan (NDP), the KOP is expected to grow even further, as policymakers encourage new offset projects in the...
Since gaining independence in 1961, Kuwait has been of the most economically productive and politically liberal nations in the Gulf Cooperation Council (GCC) and the wider Arab world. With strong public finances, a young and well-educated population, and vast oil deposits, the country also has a bright future in the global economy, where it...
Over the past decade, Turkey has experienced a number of important transitions that have led to demographic, economic and cultural transformation. These changes have made contemporary Turkey a regional focal point that many Turks regard as an extension of its influence in Ottoman times. Following a devastating banking crisis and economic...
Over the past decade, Turkey has experienced a number of important transitions that have led to demographic, economic and cultural transformation. These changes have made contemporary Turkey a regional focal point that many Turks regard as an extension of its influence in Ottoman times. Following a devastating banking crisis and economic...
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