• 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: 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.

Economic Update | Kuwait tackling increased demand for health services

19 May 2014

As Kuwait moves forward on health care reforms aimed at expanding service provision for its rapidly growing population, the private sector is set to play a more prominent role in the industry. While free health care is guaranteed to all Kuwaiti citizens, population growth has put considerable strain on state-owned facilities. The government has recently announced a number of new projects slated to be constructed across the country, with public-private partnerships (PPPs) expected to bolster service quality and provision for Kuwait’s 3.25m residents.

Economic Update | High-end retailers look to Kuwait for expansion

22 Apr 2014

The growth witnessed across Kuwait’s retail sector in recent years looks set to continue, as additional outlets open their doors in newly available retail spaces. High-end malls carrying luxury brands, in particular, are proving popular with Kuwaitis, who rank among the GCC’s most affluent consumers.

Economic Update | Kuwait property sales surge in early 2014

25 Mar 2014

While real estate sales in Kuwait exceeded $1bn in the first month of 2014, a shortage of housing at the lower end of the market continues to represent a challenge.

Economic Update | Kuwait set to upgrade refineries

12 Mar 2014

The recent approval of bids worth more than $12bn has paved the way for a major overhaul of two of Kuwait’s refineries, following costly shutdowns earlier this year.

Economic Update | Kuwait looks to reduce subsidies

24 Feb 2014

The government in Kuwait is weighing-up measures to rein in spending on subsidies and welfare programmes, responding to concerns that the national budget could slip into deficit by the end of the decade.