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With the sixth-largest proven oil reserves in the world, and an industry that dates back to the early days of oil and gas dominance in energy, Kuwait is among the world’s principal hydrocarbons powers. Yet, given the lower oil prices seen in global markets in recent years, initiatives outlined in the New Kuwait 2035 development plan come at a critical time in terms of enhancing the state’s competitiveness as a destination for foreign direct investment.

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What are the ministry’s priorities with respect to restructuring the public sector, and taking steps to improve efficiency and boost profitability?

Abu Dhabi has strengthened its position as a regional trade and logistics centre, with container traffic at the emirate’s Khalifa Port rising by 82.4% year-on-year in the first half of 2019.

Articles & Analysis | Kuwait in brief: 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 inclusion in the MSCI Emerging Markets Index; the rollout of projects such as the Silk City development; major upgrades to the oil and gas downstream segment; and...

Articles & Analysis | A rally year: from The Report: Kuwait 2019

Kuwait in brief Position of strength: Efforts to diversify and shift to a knowledge-based economy encourage infrastructure development and investment Viewpoint: Emir Sheikh Sabah Al Ahmed Al Jaber Al Sabah Looking east: Enhanced cooperation and investment across a range of sectors is strengthening ties between China and the GCC A rally year: Plans...

 

ETIQUETTE: It is customary to shake hands 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 conservative, and...

 

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