An easing of disruptions associated with the Covid-19 pandemic, a sustained increase in oil and gas receipts, and the rollout of a new law providing a framework for establishing digital offerings have given Kuwait’s banking sector a renewed confidence that has been supported by the country’s wider economic recovery. Indeed, with real GDP returning to growth in 2021 and...
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Articles & Analysis | How digitalisation will strengthen Kuwait's banking sector from The Report: Kuwait 2022
Interviews & Viewpoints | Basel Al Haroon, Governor, Central Bank of Kuwait: Interview from The Report: Kuwait 2022
Where do you see potential for Kuwait’s banking industry in the coming years, and how do you expect lending to evolve amid rising interest rates?
Articles & Analysis | Sheikh Ahmad Duaij Jaber Al Sabah, Chairman, Commercial Bank of Kuwait; and George Richani, CEO, Al Ahli Bank of Kuwait: Dialogue from The Report: Kuwait 2022
What more can local banks do to assist in Kuwait’s economic diversification, and which sectors have the most potential for accelerating diversification?
Chapter | Capital Markets from The Report: Kuwait 2022
While many established global stock markets have seen mixed performance in recent years, Kuwait’s has shown positive gains, highlighting the robust nature of its capital markets. With an economy backed by rising oil prices and a solid, well-capitalised financial sector, the country continues to see international investor interest grow. Indeed, its benchmark indices recorded positive...
One of the world’s largest Islamic finance markets, Kuwait has a wide range of banking, sukuk (Islamic bonds) and takaful (Islamic insurance) entities and products on offer, with recent headwinds such as the Covid-19 pandemic proving little obstacle to the sharia-compliant sector’s continuing robust growth. Indeed, the country’s Islamic banks have been expanding faster than its conventional...
Chapter | Islamic Financial Services from The Report: Kuwait 2022
One of the world’s largest Islamic finance markets, Kuwait has a wide range of banking, sukuk (Islamic bonds) and takaful (Islamic insurance) entities and products on offer, with recent headwinds such as the Covid-19 pandemic proving little obstacle to the sharia-compliant sector’s continuing robust growth. Indeed, the country’s Islamic banks have been expanding faster than its conventional...