In January 2016 Kuwait announced plans to create a new fund to manage its domestic assets, signalling a key step forward in the push to privatise state-owned assets. While the state has experimented with privatisation in the past, the climate of significantly reduced oil prices, which reached a 12-year low in January 2016, has added a greater...
A combination of factors has led to a rise in bond issuances from GCC member states across the first half of 2016. Over the period, bonds and sukuk (Islamic bonds) issued in the GCC hit $39bn, accounting for 15% of the region’s total outstanding bonds ($263bn) as of June 2016, and nearly equalling the value of issues in the whole...
One of the most important issues currently facing the Middle East is the changing composition of its demography. A massive cohort of young people – known as a youth bulge – is challenging policy makers, with youth policy affecting security, education, the labour market and welfare programmes, among other areas. Given the relative stability and...
Driven by rising demand for new sources of financing in the face of weak oil prices, Kuwait’s Islamic financial services (IFS) sector is increasingly considered to be a core component of the nation’s development. The industry’s steadily improving profile is largely a result of the government’s efforts to shore up the sector’s reputation over the past decade, most recently by rolling out new...
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The guide contains listings of some of the leading hotels and resorts in Kuwait and contacts for important government offices and services. It also contains useful tips and information for first-time or regular visitors.
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