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 framework and the introduction of mandatory health...
Kuwait’s Islamic Financial Services industry is one of the fastest-growing segments of the financial sector, home to an increasing number of sharia- compliant banks and insurance companies. The emergence of these industries over recent decades has brought sharia-compliant capital to account for a significant proportion of total capital domiciled in Kuwait – around 45%, according to the World...
After a year characterised by low trading volumes and a horizontal main index, the Kuwait Stock Exchange (KSE) opened 2017 as the fastest-growing market in the world. A number of factors combine to make the KSE a destination of interest for investors in 2017, chief among them being new management, which has begun to implement an ambitious reform programme. With the ultimate goal of securing an...
Like most GCC economies, Kuwait is well known for its buy-side investment activity – a result of its historic ability to transform oil revenues into global investments aimed at securing future economic sustainability. However, as the nation enters a third year of lower oil prices, Kuwait’s attractiveness as a destination for inward investment has come under increasing scrutiny. The government...
In a lower oil price environment such as the one that has persisted since late 2014, banking sectors in the GCC find themselves under heightened scrutiny. Kuwait is no exception, but where other banking sectors in the region have been compelled to face sizeable cutbacks in government spending, the nation’s deep reserves have enabled it to defend the development pipeline on which so much of the...
Kuwait is a member of both the Organisation of the Petroleum Exporting Countries and the GCC. Additionally, it is considered by many to be the most politically dynamic country in the Gulf, which has afforded it strong foundations to help tackle recent issues concerning parliamentary elections and accountability; it has also played a key mediating role in the 2017 diplomatic crisis between...
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