The Middle East Economy

Displaying 1945 - 1950 of 2003

Chapter | Country Profile from The Report: Kuwait 2012

This section includes information about Kuwait’s history, geography, culture, religion, population, education sector, language, natural resources and climate.

Nestled between Iraq and Saudi Arabia in the northwest corner of the Gulf, Kuwait has been a leader of Arab democracy and one of the most liberal nations within the GCC since the country gained independence in 1961. Economically, the country also has a bright future, with strong public finances, a young and well-educated population and vast oil deposits.

Hopes are rising that January’s elections will end a period of economic uncertainty and allow the newly elected government to focus on increasing levels of foreign direct investment (FDI). Concern was mounting that Kuwait risked falling behind its regional rivals in attracting investment and diversifying its economy, despite surging oil revenues and solid growth last year.

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...

By encouraging banks to step up lending to private firms at favourable terms, Jordan hopes to be able to assist managers of small and medium-sized enterprises (SMEs) obtain financing for growth. With the threat of recession looming in Europe and a general slowing of the global economy, however, banks may be hesitant to loosen the purse strings.

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