Various developments point to healthy economic performance in the near term for Kuwait. Chief among them are the upgrade of the country’s stock exchange, which has been approved for addition to the MSCI Emerging Markets Index; the continuing rollout of a large infrastructure programme; and the transition into higher value-added downstream...
With both economic diversification plans under way across the region, GCC states are seeking to bolster international trade relations and draw in foreign investment. Regional governments have found a willing partner in China, which is seeking to expand its trade and investment presence on the Eurasian continent, as demonstrated by its Belt and...
Kuwait is a constitutional sovereign state situated in the north-western corner of the Gulf, bordered by Iraq and Saudi Arabia. As a founding member of both the Organisation of the Petroleum Exporting Countries (OPEC) and the GCC, Kuwait has forged a number of strategic relationships throughout its history. Despite the rising geopolitical...
The reforms that have been carried out by the authorities to develop Kuwait’s market have been recognised by the international investor community via inclusions in influential emerging market indices. This should be of considerable benefit to the market, encouraging professionalisation and driving performance.
Two major transactions were under way in Kuwait’s financial sector in mid-2019. First, KAMCO Investment Company, the investment banking subsidiary of Kuwaiti conglomerate KIPCO, was merging with Global Investment House (GIH), another local investment firm. Second, Kuwait Finance House (KFH), the country’s largest Islamic bank, was looking to...
Kuwait’s equity markets have gone through a remarkable series of reforms in recent years, which have been rewarded with upgrades by international index compilers and ballooning inflows of foreign investment. Enabling infrastructure and a robust legal framework are in place to ensure the markets’ continued development, and demand for assets has...
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