With public expenditure rising and a general improvement in international economic conditions in recent years, growth estimates across the region for the six GCC member states are expected to be in the 4-5% range, with the non-oil-and-gas economy also taking the lead, once again outstripping hydrocarbons in terms of the rate of expansion.
We have recently come across observations of good indications and positive attitudes from the esteemed National Assembly council, which has touched upon the concerns of citizens regarding their interests and needs. There is no doubt that the imbalances hindering an improved National Programme of Action (NPA) are the result of mistakes and...
The guide contains listings of some of the leading hotels in Kuwait, as well as contact information for important government offices, embassies and other services. It also contains useful tips and information for first-time and regular visitors alike.
Seven decades of expanding oil production have led to Kuwait having one of the world’s highest GDP-per-capita ratios. The generous welfare system guarantees free education, health care and housing to citizens, while subsidised electricity, water and fuel prices are offered to residents. GDP growth reached 4.5% in 2013 and is expected to rise to 5% in 2014, while fiscal reforms will help ensure...
As a major global oil producer, Kuwait has come a long way in recent decades to overcome several key financial and political challenges. By continuing with efforts to diversify the national economy and reduce dependence on oil revenues, the country is also adding increased momentum to several large infrastructure projects. The authorities are also working to further integrate the country into...
Kuwait accounts for approximately 6.1% of the world’s proven oil reserves, with hydrocarbons revenues comprising more than 65% of the country’s GDP and 95% of total exports in 2013. Cautious budgetary decisions have resulted in large surpluses, creating a solid base for public expenditure programmes such as the National Development Plan, which is set to diversify the economy and boost employment.
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