The first green shoots of renewable energy have begun to appear in Kuwait as new solar projects come on-stream and recognise the potential to cut costs, reduce emissions and divert fuel to export markets rather than domestic consumption. In November 2016 the emir of Kuwait, Sheikh Sabah Al Ahmad Al Jaber Al Sabah, demonstrated the country’s...
Kuwait is investing in a significant pipeline of major infrastructure projects and transportation programmes connected to the Kuwait Development Plan 2015-20.
Driven by measured government-backed investments, despite the downward pressure from oil prices, the Kuwait transportation sector continued to grow in 2016-17. Improving connectivity regionally and globally – via air, land and sea links – is viewed as a state priority and a promising mechanism to drive non-oil economic growth.
A common theme throughout the GCC’s insurance markets is the gradual shift towards compulsory private health care. The issue has been on the agenda of regulators for years, and the sustained period of low oil prices which began in late 2014 has strengthened the desire of governments to shift some of the burden of health care provision to the...
The Kuwait insurance industry entered 2017 after a challenging period which saw premium growth maintained but profitability declining year-on-year. High levels of competition and low oil prices make a reversal of this trend in the short term a daunting prospect. However, a number of developments in the pipeline – including a new legislative...
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