Economy

While in 2015 the world’s emerging countries and fastest-growing economies suffered due to low commodity prices and currency depreciations, Dubai still enjoyed steady GDP growth at around 4% and an increased drive towards consolidating its position as a knowledge-based economy. With a well-diversified model and a set of transformation-oriented projects worth some Dh300bn ($81.7m) in the...

There are no articles in this chapter. To view the table of contents, please open click the "View in online reader" link above.

The guide contains listings of some of the leading hotels and resorts in Kuwait and contacts for important government offices and services. It also contains useful tips and information for first-time or regular visitors.

With strong foreign reserves, a rapidly improving investment framework and a major state-led development programme under way, Kuwait is well positioned to attract growing levels of foreign direct investment (FDI) and trade in the coming years. While the government has cut back on current spending recently, capital expenditure has continued apace and is forecast to grow in the coming years....

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...