Kuwait’s banking system has improved markedly in the years since the global economic downturn: at the end of 2014, total customer and government deposits held by local banks stood at $129.6bn, up from $125.5bn at the end of 2013. Meanwhile, a series of new rules put in place by the Central Bank of Kuwait and other regulatory bodies in recent years have steadied the sector, providing a stable...
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Although the recent dip in oil prices is undoubtedly a concern for Kuwait’s economy should prices remain depressed, the successive budget surpluses of recent years and the country’s low breakeven price on oil production mean the country is strongly placed to cope with lower prices without increasing production. Meanwhile, the government remains committed to maintaining capital expenditures and...
Chapter | Country Profile from The Report: Kuwait 2015
As a major oil producer and key member of OPEC and the GCC, Kuwait faces a long-term challenge in the recent fall in oil prices, which have added new impetus to its drive for economic diversification. An expanding private sector and ongoing government support for a range of infrastructure projects should, however, ensure continued growth moving forward as new developments are set in motion to...
While hyrdrocarbons revenues still form the bulk of government income in Kuwait, the country is pushing ahead with its economic diversification goals. Despite the recent fall in oil prices, the government remains committed to an ambitious project pipeline, with a series of mega-projects set to boost economic activity across a range of sectors.
The transformation of Trinidad and Tobago’s telecoms and mobile market is entering a new phase, following news in August that the regulator has given the go-ahead for the sale of a 49% stake in key local player Telecommunications Services of T&T (TSTT).
Underpinned by growing demand from low-cost buyers and high-end renters in Manila, the residential real estate market in the Philippines has posted strong figures in 2015 year-to-date. With vacancy rates falling and rentals on the rise, the sector is poised to maintain an upward trajectory into 2016.