Kuwait

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Chapter | Legal Framework from The Report: Kuwait 2019

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, main...

Chapter | Tax & Accountancy from The Report: Kuwait 2019

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...

Chapter | Education from The Report: Kuwait 2019

Amid concerns over the quality of education and training, and in recognition of the country’s growing youth population, the Kuwaiti government has demonstrated its intention to revitalise the education sector through a series of policy reforms and investments in recent years. Some 37% of the population is under the age of 14, while 35% is between the ages of 15 and 34, making the provision of...

Chapter | Health from The Report: Kuwait 2019

Significant improvements in health outcomes have been achieved in Kuwait over the past 20 years, especially in terms of the extension of life expectancy and the reduction of infant mortality rates. The reform of the Kuwaiti health care sector is central to the Kuwait National Development Plan, which is also known as New Kuwait 2035. With a growing population and an increasing incidence of...

Chapter | Retail from The Report: Kuwait 2019

With a strong fiscal base, a high average per capita income and a robust shopping culture, Kuwait looks set to rebound from a period of stagnant growth caused by declining oil prices. While the local retail sector is small compared to larger GCC markets like the UAE and Saudi Arabia, consumers are quickly catching up with their regional peers in their tastes and demand for international food,...

Chapter | Industry from The Report: Kuwait 2019

The non-hydrocarbons industrial sector has long played second fiddle to oil and gas in Kuwait. As the economy pivots towards easing its dependence on hydrocarbons, manufacturing is one of the key sectors the government is looking to further develop. Sector stakeholders are welcoming the increased availability of industrial land, as construction continues in the Al Shadadiya Industrial Zone and...