Like many other GCC states, Kuwait has experienced rising inflation over the past two years as the country has recovered from the global economic crisis, and as oil, food and commodity prices have risen worldwide. Nevertheless, inflation is not expected to reach pre-crisis highs in the near term, and the government has maintained an accommodative...
Recent years have not only brought a new verve to investment and development within Kuwait, but have also seen its foreign policy liberated to some extent. For more than a decade, and arguably up until 2008, the emirate at the head of the Arabian Gulf formulated its international relations based on the uneasy legacy of the 1990 invasion by Iraq....
Here in Kuwait we enjoy high levels of security and safety, and the rule of our law has never been arbitrary or forced on an unwilling population. This is the result of a harmonious agreement between the Kuwaiti people and its leaders. Kuwait, as a homeland, has never been the sole domain of any particular special group of people. It has never...
As one of the first Gulf states to undertake large-scale infrastructure development, the early exploitation of the county’s massive oil fields funded the construction of the region’s most comprehensive road network, bustling ports, and a robust power and water network during the 1970s and 1980s.Even before the Iraqi invasion of 1990-91, this initial...
For many years Kuwait has successfully wrestled with the demands of implementing a transparent, participatory and accountable political system. This process – balanced against the need to ensure stability in a society with strong traditional affiliations, and the responsibility of stewardship over a wealth of natural resources – can be contentious...
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....
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