Kuwait

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Chapter | Banking from The Report: Kuwait 2019

Performance has rebounded in the Kuwaiti banking and financial sectors after a number of years repairing the damage caused by the 2007-08 global financial crisis. Banks’ balance sheets show that net profits, assets, loans and deposits are all growing strongly, and financial metrics look robust, while various industry assessments show that it is well capitalised. This chapter contains a...

Chapter | Trade & Investment from The Report: Kuwait 2019

After accumulating large amounts of wealth through the export of oil, Kuwait is now looking to deploy that wealth to develop and diversify the economy. The nation aims to attract $200bn in foreign direct investment over the next 15 years to 2035 and become a global centre for trade and finance. The government is making concrete steps towards achieving its ambitions with incentives for the...

Chapter | Economy from The Report: Kuwait 2019

Various developments point to healthy economic performance in the near term for Kuwait. Chief among them are the upgrade of the country’s stock exchange, which has been approved for addition to the MSCI Emerging Markets Index; the continuing roll-out of a large infrastructure programme; and the transition into higher value-added downstream production within the country’s leading hydrocarbons...

Chapter | Country Profile from The Report: Kuwait 2019

Kuwait is a constitutional sovereign state situated in the north-western corner of the Gulf, bordered by Iraq and Saudi Arabia. Despite challenges in the region, Kuwait has largely maintained a neutral stance, which has benefitted its multilateral trade, investment and political bonds with its neighbours and the wider global community. By continuing with efforts to diversify the economy and...

Kuwait has moved to further expand its energy sector, after officials resumed talks with their Saudi Arabian counterparts on oil production in the Partitioned Neutral Zone (PNZ).

 

ETIQUETTE: It is customary to exchange handshakes when introducing yourself; however, it is important to allow members of the opposite sex to extend their hand to initiate the handshake. It is also not uncommon to see men greet each other with kisses on both cheeks. The dress code during business meetings is professional and...