The energy sector is the backbone of Kuwait’s economy, accounting for roughly 90% of both exports and government revenue. Ambitious mega-projects led by state-owned companies responsible for the extraction, processing and marketing of oil and gas also drive the non-oil economy by supporting tens of thousands of jobs in engineering,...
The decision to invest $500bn in Kuwait’s energy sector by 2040 is part of the government’s drive to pursue significant increases in hydrocarbons production. Long-term goals include boosting domestic refinery throughput to 2m barrels per day (bpd) by 2035, and increasing crude oil production and non-associated natural gas output to 4.75m bpd...
Saudi Arabia’s banking sector is on track to see its first merger in nearly two decades amid efforts to expand credit growth into targeted sectors, which comes as lenders across the board are poised to benefit from higher interest margins.
The energy sector is the backbone of Kuwait’s economy, accounting for 90% of both exports and government revenue. Major projects led by state-owned...
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