Overview

Kuwait’s tax reforms aimed at shoring up the post-oil economy
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After years of abundant public spending, GCC economies experienced a direct hit on their fiscal balances caused by the 2014 fall in oil prices. As such, Kuwait is following the regional trend of pursuing economic and fiscal reform programmes. Multiple government-led initiatives seek to support economic diversification, strengthen the private sector’s contribution to the economy and help keep…

Overview

New rulebook lays out the legal framework governing Boursa Kuwait as well as regulations for short selling and swaps
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The modernisation of the country’s capital markets continued in April 2018 through the promulgation and implementation of Boursa Kuwait’s new rulebook. Its purpose is to clarify the regulatory and organisational framework of Boursa Kuwait and all other aspects of Kuwait’s stock exchange. The new rules provide, among other things, for the segmentation of the market into the premier market,…

Overview

Handy tips for all travelers to Kuwait
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Etiquette It is customary to shake hands when introducing yourself. However, it is important to allow members of the opposite sex to extend their hand to initiate the handshake. It is also not uncommon to see men greet each other with kisses on both cheeks. The dress code during business meetings is professional and conservative, and exchange of business cards is customary. If you are travelling…

Overview

Directory of government bodies and useful private organisations in Kuwait
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MINISTRIES Awqaf & Islamic Affairs 2248 7225 www.islam.gov.kw Commerce & Industry 2248 0000 www.moci.gov.kw Communications 2481 9033 www.moc.gov.kw Defence 2484 8300 www.mod.gov.kw Education 2484 8586 www.moe.edu.kw Electricity & Water 2537 1000 www.mew.gov.kw Finance 2248 0000 www.mof.gov.kw Foreign Affairs 2222 5555 www.mofa.gov.kw Health 2481 0932 www.moh.gov.kw Higher Education 1882…

Overview

Selection of hotels in Kuwait
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COSTA DEL SOL HOTEL KUWAIT Al Shaab Al Bahari, Ibn Salam Street PO Box 4141, Hawally, 32072 T: +965 1830 083 F: +965 2266 2902 www.cdshotels.co info@cdshotels.co reservations@cdshotels.co Rooms: 100 rooms and suites. Business & Conference Facilities: Six meeting rooms and a ballroom with audio-visual equipment. Health & Leisure Facilities: Gym, specialised spa for ladies, an outdoor…

Overview

A rally year:
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Kuwait in brief Position of strength: Efforts to diversify and shift to a knowledge-based economy encourage infrastructure development and investment Viewpoint: Emir Sheikh Sabah Al Ahmed Al Jaber Al Sabah Looking east: Enhanced cooperation and investment across a range of sectors is strengthening ties between China and the GCC A rally year: Plans to move to a private sectorled, knowledge-based…

Overview

Kuwait in brief:
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Various developments point to healthy economic performance in the near term for Kuwait. Chief among them are the upgrade of the country’s stock exchange, which has been approved for inclusion in the MSCI Emerging Markets Index; the rollout of projects such as the Silk City development; major upgrades to the oil and gas downstream segment; and enhanced transport and logistics links that are set…