Kuwait

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Kuwait has continued the expansion and diversification of its real estate sector, with progress being made on a series of new mixed-use and entertainment-focused developments.

Buoyed by steady economic expansion, Kuwait’s retail sector is expected to see solid growth in the second half of 2019 and beyond, though fluctuating consumer sentiment and policy changes could weigh on turnover.

An ongoing round of mergers and acquisitions (M&A) in Kuwait’s financial services sector is set to create two banking and asset-management powerhouses, with market consolidation having the potential to spur additional tie-ups.

A group of domestic and international investors have acquired a 44% stake in Boursa Kuwait, the country’s stock exchange, with plans in the offing to launch an initial public offering (IPO) for the remaining shares.

 

Underpinned by rising commodity prices and, consequently, increased domestic spending, Kuwait’s banking sector performed well in the 18 months to mid-2018. The industry posted net profit growth of 8.9% and total asset growth of 5.9% to $251.9bn in 2017, according to professional services firm KPMG, even as local banks moved to adhere to a raft...

 

Once reserved for ambitious start-ups and industry-leading tech operators, financial technology (fintech) has more recently caught the attention of major private sector firms and government planners alike, becoming a regular feature in budget speeches and strategic development plans. As fintech progressively plays a larger part in the lives of...

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