Special Report: Oil and Gas Sector in Kuwait
Although there is a lot of talk about planning for the “time after oil,” the “black gold”, along with gas, remains the primary source of income for the Kuwaiti government.
List of all articles filed under “kuwait-sectors” category.
Although there is a lot of talk about planning for the “time after oil,” the “black gold”, along with gas, remains the primary source of income for the Kuwaiti government.
It has become common knowledge that basic health-care is provided free to Kuwaiti citizens. With a total population of 3.5 million people, of which a third are Kuwaiti nationals, the oil-rich Dawlat al-Kuwait, the State of Kuwait, had so far few problems paying for doctor visits.
In 2012, the Kuwait banks are cleaning up their balance sheets as a response to the consequences of the financial crisis of 2008/09 that is most likely going to continue throughout 2012.
Although the well-capitalized Kuwaiti banking sector has digested the financial crisis by bringing down the share of non-performing loans (NPLs) and getting back to profits, the political ups and downs as well as the economic (oil) monoculture in the northern Gulf state prevent the sector from achieving its full potential.
In 2012, the Kuwait banks are cleaning up their balance sheets as a response to the consequences of the financial crisis of 2008/09 that is most likely going to continue throughout 2012.
Fighting Diabetes is one of the biggest challenges the Gulf healthcare sector has to deal with. The Dasman Diabetes Institute aims to prevent and to mitigate the impact of diabetes in Kuwait.
As a holiday destination, the norther Gulf state does not make it into dinner conversation about hot-spots like Egypt and Jordan, or “Fly-Buy-Dubai.” Only at a second glance, does Kuwait offer a variety of urban life, Arab culture, desert tourism, and maritime sports.
Few listed stocks in the Gulf have performed since the start of 2012 as well as AREF Energy Holding. The Kuwaiti firm invests in the oil and gas industry only in line with Islamic law (Shari’ah). Marcopolis looks behind the scenes of this exceptional energy company.
The vision for AREF Energy is to become the leading energy holding in the Middle East.
The investment environment for oil and gas sector in Kuwait is to remain uncertain. Walid Al-Hashash, Chairman of AREF Energy Holding Company, talks about the successes and difficulties of investing into Kuwait’s oil and gas sector.