Economic Updates: Kuwait

Kuwait: Still waiting

The Middle East | 30 Sep 2011
Kuwait: Still waiting

Bank lending in Kuwait remained relatively flat during the first half of 2011, though this may have more to do with demand than banks being unwilling to extend credit.

Kuwait: Private participation takes flight

The Middle East | 19 Sep 2011
Kuwait: Private participation takes flight

With an announcement that a 35% stake in its national carrier is up for sale, the Kuwaiti government has taken another step towards privatising Kuwait Airlines, a project that has been in the works since 2008. At the same time, efforts are under way to build a national railway, with the government recently signing a contract with a consortium of consultancy firms to undertake research on a proposed rail link between Kuwait International Airport (KIA) and the country’s ports.

Kuwait: Investing in human development

The Middle East | 30 Aug 2011
Kuwait: Investing in human development

As the number of Kuwaiti students leaving the country to continue their education continues to increase, a trend that looks set to continue, those students who choose to stay at home will likely be affected by a recent decision to boost enrolment at state-run Kuwait University (KU).

Kuwait: Fiscal education

The Middle East | 17 Aug 2011
Kuwait: Fiscal education

Strong financial indicators in Kuwait have seen the country rewarded by a ratings upgrade. On July 20 Standard & Poor’s (S&P) announced that it was raising Kuwait’s long-term sovereign credit rating from AA- to AA, with a stable outlook. According to the credit rating agency, the economy’s strengths include high GDP per capita and healthy fiscal and external balance sheets, factors that have been accorded greater weight under S&P’s recently revised methodology for rating sovereign credit risk.

Kuwait: Partnership potential

The Middle East | 2 Aug 2011
Kuwait: Partnership potential

With the recent addition of a new 1400-MW power plant, Kuwait appears ready to meet the increase in electricity demand that occurs every summer. Government authorities are also planning to bring additional capacity on-line over the next few years, with the private sector expected to play a major role in this expansion.

Kuwait: Private lines

The Middle East | 19 Jul 2011
Kuwait: Private lines

Fixed-line telephone services in Kuwait are currently owned by the state, however, this may be set to change, according to recent statements by government officials. At the same time, the establishment of an independent regulatory agency for the communications sector is being considered. Both of these changes would dramatically affect the country’s internet service providers (ISPs), which have recently been subject to criticism from local internet users for their decision to implement “fair access” policies.

Kuwait: A new authority in town

The Middle East | 15 Jun 2011
Kuwait: A new authority in town

Having recently published its executive bylaws, Kuwait’s first independent stock market regulator, the Capital Markets Authority (CMA), is now ready to begin operations.