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...
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...
To what extent does the fund coordinate with other funds and institutions to prevent overlaps and also create synergies?
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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