Nearly two-thirds of the investment spending identified in the country’s five-year development plan, some KD20bn ($72.1bn), has been earmarked for the oil sector. The expenditure of these funds is largely geared towards expanding production capacity from around 3.15m barrels per day (bpd) to 3.5m bpd by 2015 and 4m bpd by 2020. This investment could...
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.
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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