On December 31, 2014 every citizen in Kuwait became a partial owner of the Kuwait Health Assurance Company (KHAC), a new private sector provider of medical insurance. Some 1.15m shares of the company – worth around KD230m ($792.4m) in total paid-up capital – were eventually distributed among nationals by the Kuwait Clearing Company, which...
In the past few years there has been a wave of increased interest in the Kuwait market, with existing investors seeking to restructure their business to establish more permanent ties to Kuwait and potential foreign investors vying for market entry. A variety of groundbreaking laws and reforms aimed at modernising the archaic legal system – including the Companies Law issued in...
ETIQUETTE: It is customary to exchange handshakes when introducing yourself; however, it is important to allow members of the opposite sex to extend their hand to initiate the handshake. It is also not uncommon to see men greet each other with kisses on both cheeks. The dress code during business...
HOLIDAY INN KUWAIT DOWNTOWN Dasman, Abdullah Al Ahmed Street T: +965 1 841 000 F: +965 2232 9000 holidayinn.kuwaitdt@ihg.com www.ihg.com Rooms: 169 rooms and suites. Business & Conference Facilities: Facilities include 3 ballrooms for meeting and banquet capacity up to 250 persons and 8 high-tech meeting rooms along with a 24-hour business...
On August 17, 2014 the highly anticipated new law governing public-private partnership (PPP) projects was issued as Law No. 116 of 2014 (“New PPP Law”). The New PPP Law replaced the previous PPP law, Law No. 7 of 2008 (“Old PPP Law”), and was well received as a major reform that will benefit Kuwait’s PPPs.
Education is set to witness rapid change, with reforms deemed a priority given the role of the sector in the drive towards a diversified economy in line with Kuwait Vision 2035, the country’s long-term development strategy. As such, efforts are well under way to implement new curricula and assessment methods. At the same time, favourable...
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