All Regions and All Sectors

Increased oil revenue, consolidation and new digital finance offerings are fuelling the sector’s growth potential. Kuwait’s banks are among the largest and most robust in the region, with global consultancy firm KPMG ranking the country first in the GCC in terms of average net growth in total banking assets and net profit for 2022. Indeed, asset growth defined the sector’s trajectory that year,…

Kuwait is one of the largest Islamic finance markets in the world, hosting five Islamic banks and one foreign Islamic bank, eight Islamic investment companies, one Islamic finance company and 14 takaful (Islamic insurance) companies. These segments have seen strong growth since the Covid-19 pandemic and have capitalised on the rapid global expansion of Islamic finance, with sharia-compliant banks…

Kuwait’s insurance sector is characterised by the strong presence of several key players and the entry of new competitors in a relatively compact market. While Kuwait’s insurance sector has historically maintained a smaller scale than its GCC counterparts, in recent years a new law and several policy amendments have spurred industry growth. The introduction of compulsory insurance requirements…

Despite global economic volatility and uncertainty in recent years, Kuwait’s capital markets have demonstrated continued resilience and adaptation. Innovative products are set for launch, along with a new central counterparty (CCP) system. The system should put Kuwait more firmly on global investors’ maps, and it will launch alongside a new platform for trading bonds, sukuk (Islamic bonds) and…