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Report | The Report: Kuwait 2015

While hyrdrocarbons revenues still form the bulk of government income in Kuwait, the country is pushing ahead with its economic diversification goals. Despite the recent fall in oil prices, the government remains committed to an ambitious project pipeline, with a series of mega-projects set to boost economic activity across a range of sectors.

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Articles & Analysis | Kuwait's banking industry looks to the future from The Report: Kuwait 2015


After more than half a decade of heavy provisioning and regulatory reforms, Kuwait’s banking sector is now in the early stages of resurgence in credit issuance and various other activities. The industry’s overall stability and performance has improved markedly since the 2007-08 global economic downturn, due in large part to a series of new...

Articles & Analysis | Unlocking potential: The government has introduced new regulations as the market recovery continues from The Report: Kuwait 2015


In March 2014 Kuwait’s central bank announced that foreign banks would be allowed to operate more than one branch at a time in the country. Moreover, over the past few years the Central Bank of Kuwait (CBK) has worked to encourage banks to boost credit issuance to both individuals and businesses. These changes have been lauded as a means of...

Articles & Analysis | Rest assured: A new health care provider will initially serve the expatriate community from The Report: Kuwait 2015


On December 31, 2014 every citizen in Kuwait became a partial owner of the Kuwait Health Assurance Company (KHAC), a new private sector provider of medical insurance. Some 1.15m shares of the company – worth around KD230m ($792.4m) in total paid-up capital – were eventually distributed among nationals by the Kuwait Clearing Company, which...

Articles & Analysis | Strong foundations: Page 21 from The Report: Kuwait 2015


Oil revenues have helped make Kuwait one of the world’s richest countries, with high prices and steady output driving budget surpluses over the last decade despite increases in state spending. While the recent price drop will have an impact, the country’s low break-even price offers some protection: the government looks set to maintain capital...

Articles & Analysis | Legal changes in Kuwait make direct investment easier and more attractive from The Report: Kuwait 2015

In the past few years there has been a wave of increased interest in the Kuwait market, with existing investors seeking to restructure their business to establish more permanent ties to Kuwait and potential foreign investors vying for market entry. A variety of groundbreaking laws and reforms aimed at modernising the archaic legal system – including the Companies Law issued in...

Articles & Analysis | Useful tips for visitors to Kuwait from The Report: Kuwait 2015


ETIQUETTE: It is customary to exchange handshakes when introducing yourself; however, it is important to allow members of the opposite sex to extend their hand to initiate the handshake. It is also not uncommon to see men greet each other with kisses on both cheeks. The dress code during business...