The economy of Kuwait has long been underpinned by the production and export of crude oil. Although the rise in energy prices in 2021-22 boosted government revenue and macroeconomic stability, the Covid-19 pandemic, which preceded the commodity price boom, underscored the risk of over-reliance on an industry subject to fluctuating global demand. This has created fresh impetus for economic diversification, with robust public finances providing a strong platform to...
CROWNE PLAZA KUWAIT AL THURAYA CITY
Airport Road, Kuwait City 81006
T: +965 1848 111/ 2473 2100
www.crowneplaza.com/Kuwait
reservation.atc@ihg.com
Rooms: 207 rooms.
Business & Conference Facilities: 13 meeting rooms and five...
Arabic is the official language, although English is widely used and understood. It is relatively easy to get around using just English, and many business meetings are conducted in this language. Any correspondence with government offices should be sent in Arabic. Other widely spoken languages include Hindi, Farsi, Urdu and Filipino.
While many established global stock markets have seen mixed performance in recent years, Kuwait’s have shown positive gains – highlighting the robust nature of its capital markets. With an economy backed by rising oil prices and a solid, well-capitalised financial sector, the country continues to see international investor interest grow. Indeed, its benchmark indices recorded...
Kuwait has taken steps to align financial flows with environmental and socio-economic targets under the UN’s Sustainable Development Goals (SDGs), although the country’s pledge to reduce its greenhouse gas emissions by 7.4% by 2035 falls short of the reduction target of 45% set in the Paris Agreement.
Alongside significant political efforts to speed up the energy transition, 2021 was a record-breaking year for green finance, as governments, international institutions and lenders alike sought to support the shift towards renewables. This mirrored developments in generation: new renewable energy capacity reached an all-time high of 290 GW in 2021. Meanwhile, the issuance of...
In what ways are Kuwaiti capital markets becoming more attractive to foreign investors?
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