Economic Updates: Kuwait

Kuwait: Balancing act

The Middle East | 22 Dec 2011
Kuwait: Balancing act

Capital markets in Kuwait, like those in many GCC countries, are currently experiencing a challenging period, with investors largely staying on the sidelines in light of global economic uncertainties. Nonetheless, positive signs have recently emerged from the country, including the potential for two bond issuances in the near future, as well as the successful completion of a six-month transitional phase for the Capital Markets Authority (CMA), the country’s first independent stock market regulator.

Kuwait: Expanding and competing

The Middle East | 7 Dec 2011
Kuwait: Expanding and competing

With the highly competitive Kuwaiti telecoms market becoming increasingly saturated, the country’s three mobile operators are jostling for position. Central to all of their strategies is a greater focus on mobile data services.

Kuwait: Large-scale sukuks

The Middle East | 23 Nov 2011
Kuwait: Large-scale sukuks

While Kuwait has to date played a relatively small role in the fast-growing global market for sukuks, or Islamic bonds, this could change, should lawmakers develop and implement a more robust legal framework to regulate the issuance of sharia-compliant debt.

Kuwait: Eastern promise in China

The Middle East | 8 Nov 2011
Kuwait: Eastern promise in China

Kuwait’s sovereign wealth fund is taking significant steps toward increasing its presence in China, establishing a representative office in Beijing with the aim of capitalising on the Asian giant’s rapid economic progress and rising demand for energy.

Kuwait: Keeping on

The Middle East | 26 Oct 2011
Kuwait: Keeping on

While the world economy is still plagued by uncertainty, Kuwait’s continues to grow, supporting the country’s medium-term development plans. In September, the International Monetary Fund (IMF) lowered its forecast for 2011 global growth to 4%, taking into account the eurozone crisis and US debt, but announced that it expected 5.7% growth in Kuwait.

Kuwait: Expanding downstream

The Middle East | 12 Oct 2011
Kuwait: Expanding downstream

With a recent increase in oil production and global crude prices above $100 per barrel, Kuwait is expected to run a substantial fiscal surplus in 2011 thanks to its hydrocarbons export revenues. But the country is looking beyond the market for crude oil and investing in refineries both at home and abroad.

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.