The Guide contains listings of some of the leading hotels and resorts in Kuwait, contacts for important government offices and services, and useful information for first-time visitors.
The Guide contains listings of some of the leading hotels and resorts in Kuwait, contacts for important government offices and services, and useful information for first-time visitors.
A series of reforms being implemented by the Capital Markets Authority are expected to benefit the country’s bourse, following on the comprehensive restructuring of the Kuwait Stock Exchange in the years following the 2007-08 economic downturn. In 2009 the Kuwait Stock Exchange introduced a new classification system that organised listed companies into 15 sectors, instead of just eight as...
In recent years Kuwait has seen steadily expanding trade activity with neighbouring countries, the broader Middle East and a variety of key partners further afield. Dependence on oil income is one of the nation’s chief challenges: while the country has continued to diversify its economy away from hydrocarbons revenues, oil and other mineral fuels remain the country’s most important export...
Although the recent dip in oil prices is undoubtedly a concern for Kuwait’s economy should prices remain depressed, the successive budget surpluses of recent years and the country’s low breakeven price on oil production mean the country is strongly placed to cope with lower prices without increasing production. Meanwhile, the government remains committed to maintaining capital expenditures and...
As a major oil producer and key member of OPEC and the GCC, Kuwait faces a long-term challenge in the recent fall in oil prices, which have added new impetus to its drive for economic diversification. An expanding private sector and ongoing government support for a range of infrastructure projects should, however, ensure continued growth moving forward as new developments are set in motion to...
Makkah’s Grand Mosque, which contains the Kaaba, is the holiest site in Islam and a place of pilgrimage for millions of Muslims worldwide. As pilgrim numbers continue to rise, the region’s hospitality and infrastructure services are witnessing significant expansion. Makkah currently has a total of 107,000 hotel rooms, with the wider Makkah region accounting for two-thirds of the Kingdom’s...
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