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Economic News

Momentum sustained as Kuwait works to deliver large project pipeline
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Kuwait has maintained the tempo of its infrastructure development drive, despite a challenging economic climate that resulted in a second consecutive budget deficit in the previous fiscal year ending March 31. According to a report issued in May by the National Bank of Kuwait (NBK), the country issued contracts worth KD1.4bn ($4.6bn) in the first quarter of 2017, which marked a year-on-year…
Economic News

Mid-tier retailers show heightened interest in Kuwait
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With growing interest in the mid-tier retail market and an upswing in credit card spending recorded at the end of last year, Kuwait is looking to bounce back from a period of subdued consumer confidence and slowing credit growth. Next big retail entrant Although the luxury market has traditionally been one of Kuwait’s most significant retail strengths, interest from well-known mid-tier brands…
Event

Kuwait Infosecurity Conference & Exhibition

The Kuwait Info Security Conference & Exhibition fosters opportunities for IT professionals to network, build relationships, and explore new ideas. It brings together IT professionals, developers, decisions and policy makers, governmental officials, experts, consultants, industry leaders, bankers, law enforcement officials, academics, networks security managers, database administrators, IT marketing…
Event

Kuwait Project Management Conference

The importance of project management has been increasing in the face of the changing environment, new challenges, globalisation and specialisation in the global economy. The achievement of the final objective of a project on schedule and on budget becomes a key challenge for many organisations. The conference will demonstrate how smart, sustainable and innovative project management practices are executed…
Economic News

Kuwait sharpens focus on expanding tourism sector
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Investment in Kuwait’s tourism industry is set to increase over the next decade, as the government moves to speed up construction of a new international airport terminal and several major hotel chains work to expand operations in the capital city. Airport construction Last month the government announced it had cut the completion time for a new terminal at Kuwait International Airport (KIA) from…
Economic News

Kuwait steers spending towards downstream oil and gas
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Kuwait’s latest budget will focus capital expenditure on downstream oil and gas activities during FY 2017/18 in a bid to create jobs, offset falling crude export revenue and capitalise on rising regional demand for refined products. The government is taking steps to expand private sector participation in economic development, including through three planned power projects and a US dollar-denominated…
Event

Kuwait Health Exhibition and Conference

Kuwait Health Exhibition and Conference is one of the largest healthcare events in Kuwait and will be held March 6-8, 2017 at the Kuwait International Fair, Mishref, Kuwait. The event will be held under the patronage of the Ministry of Health and Kuwait Medical Association. Why visit? • SOURCE 100+ exhibitors showcasing the latest products and services in healthcare •…
Event

Kuwait International HSE Conference & Exhibition

Following COP 21 and in a low oil price economy, oil and gas leaders from across the region have outlined their commitment to improving health, safety and environment(HSE) standards. KIHSE is a platform to meet their partners and suppliers in ensuring their goals are met. Built around a cutting-edge conference programme under the theme “Meeting the Challenges Ahead,” KIHSE will provide a programme…
Economic News

Kuwait Year in Review 2016
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With state revenues significantly impacted by lower global oil prices, the Kuwaiti government has intensified efforts to enact reforms aimed at increasing foreign investment, supporting economic diversification and reducing state subsidies. Though the budget deficit is projected to hit record levels in March, solid growth from key non-oil sectors like construction, as well as an uptick in oil prices…
Economic News

Kuwait to invite proposals on a number of PPP projects
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The government of Kuwait is continuing its drive to encourage private sector investments, having recently announced plans to invite proposals on several large-scale, public-private partnership (PPP) projects. Utilities and education to benefit Speaking at a conference in late November, Mutlaq Al Sanei, general manager of the Kuwait Authority for Partnership Projects (KAPP), said the authority will…