Oliver Cornock: ALL BLOG POSTS
On Tuesday's (10/10/17) newspaper review with BBC World News, OBG Editor-in-Chief Oliver Cornock discussed the potential risk of Britain’s exit from the EU without a deal, the speculation surrounding the Catalan leadership’s speech on Tuesday evening, and growing fears of conflict over Kirkuk. The review also discussed the global cost of obesity, plus much more.
The results of OBG’s recent survey of C-suite executives in Kuwait show a largely positive outlook: indeed, the majority have positive expectations of business conditions and plan to make a capital investment within the next year. However, downplaying the role of the state in terms of revenue generation and developing the private sector into a more significant engine of growth is increasingly pressing, and high levels of government spending on infrastructure and reform programmes are working towards these goals.
Of all the comparatively wealthy countries in the region, on a per-capita basis, Kuwait is one of the richest. Its oil wealth per capita is much higher than Saudi Arabia’s, for example, and the government has been prudent in saving over the years, building up its sovereign wealth funds to ensure that future generations benefit from the oil bounty.