One of the major achievements of successive Kuwaiti governments has been the successful management of the wealth generated by its largest asset, oil. Starting in the 1970s and 1980s Kuwaiti leaders consolidated these resources under the ownership of publically owned entities, and the public coffers have benefitted enormously. Indeed, the...
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 massive hydrocarbons resources, helped Kuwait to become one of...
Lower oil prices have significantly affected the Kuwaiti government’s fiscal position. Oil and gas exports make up 90% of public spending. The recent decline in energy prices has resulted in lower oil export revenues, which are projected to fall from $112.9bn in 2012 to $51bn in 2016, according to December 2015 data from the IMF. Tumbling oil...
JANNAH PLACE DUBAI MARINA Nasaq Street, Marina Promenade, Dubai Marina T: (04) 556 2500 F: (04) 436 2020 www.jannahplacedm.jannah.ae reservations.jpdm@jannah.ae Rooms: 105 Jannah deluxe suites (38 sq metres) with fully equipped kitchen, washing machine and floor-to-ceiling windows. 28 two-bedroom suites (100 sq metres) with fully equipped...
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COMMUNICATIONS: The country code for the UAE is +971, followed by Dubai’s dialling code 04. There are two local telecoms providers, du and Etisalat. Pay as-you-go SIM cards can be obtained at most shopping malls upon presentation of a passport.
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