Discussion about the electrical industry Opportunities to learn about the latest developments in the electricity and energy industry, as well as providing exhibitors with access to the most lucrative deals Forum for all those concerned with the power sector to develop business relations and discuss the issues and challenges facing the industry Delegates will have the opportunity to discuss the…
Video taken by Nasdaq. Undoubtedly, higher and more stable oil prices have buoyed the Gulf countries over the past year. As I have written before, this is in some senses good news for the region, where oil plays such an important role in terms of income. In other ways, though, this could mean that some of the thorny reforms enacted since 2014 could slow,…
Business Barometer: Gulf CEO Survey Copyright (c). All rights reserved. This survey has been designed to assess business sentiment amongst business leaders (Chief Executives or equivalent) and their outlook for the next 12 months. Unlike many surveys, the OBG Business Barometer is conducted by OBG staff on a face-to-face basis, across the full range of industries, company sizes and functional…
A new GCC accreditation for Kuwait’s laboratories, coupled with the release of more than 1000 parcels of industrial land, should boost government plans to increase industrial output by 25% in the coming years. In September the Kuwaiti Public Authority for Industry (PAI) announced that its laboratories had received accreditation from the GCC Accreditation Centre (GAC), the body responsible for…
As I write, oil prices have exceeded $80 a barrel for the first time in four years, marking a clear statement of intent from the Organisation of the Petroleum Exporting Countries’ decision not to increase output at their recent Algiers meeting, despite US President Donald Trump’s request that they do so. Supply has tightened, not least because of political woes in Venezuela and renewed sanctions…
OBG Business Barometer: Kuwait CEO Survey Copyright (c). All rights reserved. This survey has been designed to assess business sentiment amongst business leaders (Chief Executives or equivalent) and their outlook for the next 12 months. Unlike many surveys, the OBG Business Barometer is conducted by OBG staff on a face-to-face basis, across the full range of industries, company sizes and functional…
Kuwait has moved to increase private sector participation in the economy as part of broader diversification plans, calling for offers from companies to build and operate two utilities projects under a public-private partnership (PPP) model. In July the Kuwait Authority for Private Partnerships Projects (KAPP) announced it was accepting expressions of interest from private firms for the construction…
Kuwait’s stock exchange is accelerating efforts to raise its profile both internationally and at home, expanding the range of products on offer and easing listing requirements, moves that could see it granted emerging market status by 2020. On July 21 Boursa Kuwait announced it been granted membership of the Federation of Euro-Asian Stock Exchanges, an umbrella grouping of markets spanning Eastern…
All eyes were understandably on Vienna at the end of June, and the gathering of oil ministers from the Organisation of the Petroleum Exporting Countries (OPEC). Their decision to increase output was endorsed by the non-OPEC producers who signed up to the original cuts 18 months ago. Oil prices are a thorny issue for the Gulf economies as their diversification strategies accelerate. On…
Increased government spending and higher oil prices are set to drive growth in Kuwait’s banking sector, with increased profits and liquidity supporting a recent rebound in activity. A report on the banking sector released by research firm Marmore MENA Intelligence on May 23 has forecast a strengthening of profitability of domestic banks in the near and medium term, predicting loan growth of 4%…
