• 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 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.

Economic Update | Kuwait looks to boost cyber security

27 Jun 2014

Kuwait is becoming increasingly concerned over the threat posed by cyber attacks against its strategic oil and gas industry, along with other sectors of the economy, with greater training of staff and improved technology seen as vital front-line defences to ensure cyber security.

Economic Update | Kuwait to boost gas imports

18 Jun 2014

Rising demand for electricity has prompted Kuwait to sign three multi-billion-dollar deals aimed at significantly boosting the country’s gas imports.

Economic Update | Kuwait: Appetite for growth in food and beverage sector

9 Jun 2014

The busy food and beverage industry in Kuwait is set for further growth, as domestic demand fuelled by rising incomes, combined with forecasts of higher turnover due to expansion in the tourism sector, pushes up trade volumes and attracts new suppliers in the retail and hospitality chains.