More Filters
There were 1164 results found for:

All Regions and All Sectors

Analysis

Financial technology changes Kuwait’s banking landscape with new mediums and accompanying regulations
OBG
plus

While the digital revolution has swept through many industries, the Kuwaiti banking and finance sectors remain largely unchanged. However, there is a definite sense that digital innovations are gaining ground as banks establish financial technology (fintech) departments in order to guide policy. Technology has the potential to reform the face of banking, and the way in which changes are implemented…

Analysis

Long overdue law brings big changes to Kuwait’s insurance sector
OBG
plus

A new insurance law was approved by the Kuwaiti Parliament in July 2019 to support the maturation and growth of the sector. While premium are likely to rise in the short term and a gradual consolidation of the sector is expected, a more viable, lower-risk environment is set to emerge in the coming years. Modern Solutions The insurance market in Kuwait was previously governed by a law dating…

Analysis

Kuwait’s seaport project boosts transport connectivity and strengthens partnerships
OBG
plus

Kuwait has historically been an important location for regional trade, although in recent years the country has seen more conflict than trade with its neighbours. However, relations are beginning to improve, which has had major implications for transport and logistics. Kuwait is planning to construct a new urban centre, Madinat Al Hareer – or Silk City – near the coast of Iraq, which it…

Analysis

Solar power in Kuwait to help reduce energy imports and recover oil from mature wells
OBG
plus

At the 2012 UN Conference on Climate Change in Doha, the emir of Kuwait announced that the country was aiming to generate 15% of its electricity from sun and wind by 2030 – a target since reasserted in the New Kuwait 2035 vision. While this goal will help reduce greenhouse gas emissions and combat climate change, Kuwait’s desire to boost renewable energy is also linked to its aim to reduce…

Analysis

Two Kuwaiti energy projects aim to improve local refining capacity and petrochemicals production
OBG
plus

The Kuwaiti government is set to become one of the world’s largest downstream oil and gas investors thanks to plans by state-owned Kuwait Petroleum Corporation (KPC) to diversify its oil products and boost petrochemicals output. Central to this strategy, which comes at a $50bn price tag, is the goal of more than doubling the country’s refining capacity to boost Kuwait’s standing in a…

Analysis

As urban populations undergo rapid growth, planners strive to develop northern Kuwait’s
OBG
plus

Major infrastructure developments are driving Kuwait’s construction sector, as large-scale projects are either nearing completion or gaining renewed momentum. As such, planners are looking to the sparsely populated northern area of the country – commonly known as the Northern Gateway – for the implementation of mega-developments that will require significant political, and public and…

Analysis

The Kuwaiti market for real estate investment properties remains subject to broader demographic factors
OBG
plus

Kuwait’s residential real estate market has long been divided into two main segments: private residential housing, which is only available to Kuwaiti and GCC citizens; and investment housing, which usually involves apartments targeted at short-term, expat renters, but is also open to GCC nationals. With expatriates making up around 70% of the population, developments within the investment…

Analysis

Kuwait’s investment in next-generation ICT improves communication speed and capacity
OBG
plus

In June 2019 Zain Kuwait launched the country’s first fully integrated 5G mobile internet service. Speaking at the launch, Nawaf Al Gharabally, chief technology officer at Zain, told local press that telecommunications services are key to accelerating economic growth and boosting trade. “Obviously, existing mobile networks will not be able to satisfy the future needs of the telecoms sector,”…

Overview

Directory of government bodies and useful private organisations in Kuwait
OBG
plus

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

Medium-term prospects suggest globalisation is set to continue for the foreseeable future
OBG
plus

Decades of growth in trade and foreign investment have made the economies of the world more interdependent than ever before. The production of goods and, increasingly, the provision of services has become fractured across borders as corporations integrate into regional and global value chains – a process reinforced by international trade and investment regimes. On aggregate, advanced economies…