The story of Kuwait’s economy, like so many of its neighbours, has been dominated by oil. Once a regional port for pearling and fishing, the country was part of regional Gulf trade networks intimately tied to those of the Indian Ocean. Political independence in 1961, along with its huge hydrocarbons resources, helped Kuwait to become one of the top oil producers in the world. Still, the...
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Chapter | Country Profile from The Report: Kuwait 2016
A member of both the Organisation of the Petroleum Exporting Countries and the GCC, Kuwait is arguably the most politically dynamic in the Gulf, which has afforded it strong foundations to help tackle recent issues concerning parliamentary elections and accountability. By continuing with economic diversification efforts and reducing dependence on oil revenues, it is also adding increased...
The fall in oil prices led to significantly reduced government revenues for Kuwait in 2015. Despite this the country’s 2016 spending remained largely in line with previous years as the government opted to draw on its considerable financial buffers to help make up for budgetary shortfalls.
Articles & Analysis | Useful tips for business visitors and leisure travellers from The Report: Kuwait 2016
ETIQUETTE: It is customary to exchange handshakes when introducing yourself; however, it is important to allow members of the opposite sex to extend their hand to initiate the handshake. It is also not uncommon to see men greet each other with kisses on both cheeks. The dress code during business...
Articles & Analysis | Home away from home: from The Report: Kuwait 2016
JW MARRIOTT KUWAIT Al Shuhada Street, Safat T: +965 2245 5550 F: +965 2245 1889 www.jwmarriottkuwaithotel.com Rooms: 240 rooms and 73 suites. Business & Conference Facilities: 4 meeting rooms, 2 ballrooms, Executive Lounge and business centre. Leisure Facilities: Elite Health Club and Spa, indoor pool and whirlpool. Guest Services: Valet...
Economic update | Djibouti mise sur la géothermie
15 Oct 2016
A Djibouti, les autorités cherchent à accroître la part des énergies renouvelables dans le bouquet énergétique, en misant particulièrement sur le fort potentiel géothermique du pays.