• Economic News Updates

    Economic News Updates

    For each market we cover, OBG produces regular economic research available on our website, by email subscription and via RSS feed. Free to access, our Economic Updates are targeted at those looking for regular comment on key sector developments.

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Economic Update | Kuwait targets subsidy reforms

17 Nov 2014
Kuwait oil

Plummeting oil prices have brought renewed calls for Kuwait to deepen its focus on diversifying its economy and reducing hydrocarbon dependency. 

Economic Update | Kuwait suspends offset programme in investment drive

3 Nov 2014

The decision to temporarily halt and revise the Kuwait Offset Programme (KOP), before reintroducing it next year, is widely seen as a sign of the government’s commitment to enhancing the business climate amidst fierce regional competition and following regulatory reforms.

Economic Update | New schools to meet growing demand in Kuwait

22 Sep 2014

A growing population and crowded public school system have led Kuwait to move forward on a host of investments in education. The government recently launched tenders for a series of primary and secondary school construction projects while private sector contractors are poised to benefit as a university city is built.

Economic Update | Kuwait builds momentum in construction

13 Aug 2014

Kuwait is seeing significant activity in its construction sector this year, with contracts worth $17.5bn already signed or on offer. There are also a number of large-scale projects already underway and at the stage of moving from the drawing-board to the development stage, adding further momentum. However, raw material supplies, including cement, are in short supply and could cause delays and cost increases.

Economic Update | Islamic banking takes hold in Kuwait

7 Aug 2014

An increasing number of Kuwaiti lenders are moving away from traditional banking in a bid to tap into a booming market for Sharia-compliant financial products in the region - a move that could soon see Islamic financing overtake conventional banking in the Gulf state.

Economic Update | Kuwait seeking its place in the sun

14 Jul 2014

Kuwait is to broaden its energy production, launching the first step in an extensive renewable energy programme intended to ease reliance on hydrocarbons while at the same time building awareness of the commercial and investment opportunities offered by solar energy.