Kuwait: oil prices can trigger change and strengthen the economy
Bader Al Humaidhi, Former Minister of Finance of Kuwait talks the impact of the low oil prices on Kuwait’s economy.
FDI and doing business in Kuwait
Bader Al Humaidhi, Former Minister of Finance of Kuwait talks about doing business in Kuwait.
Economy: The Biggest Challenge for Kuwait
Actually it’s a very crucial time for all the oil exporting countries, but mainly for my country Kuwait. As you quite rightly said, I was talking about the subject even when I was the Minister of Finance in 2006/2007. I was worrying about the point at which the oil prices would drop. A drop which is out of our hands and that’s what is happening now. Gentlemen, last night I was even checking with the Minister of Oil of Kuwait and I was also checking with one of our oil experts about the price of our oil at close of day on Friday. It is 54. 54, six months ago it was 100. So what does that mean for our budget?
One of the Largest Asset Managers in MENA with $11.5bn (AUM) Discusses Strategy and Investments
We are also one of the largest asset managers in the region; we manage over 3.5 billion KDs worth of assets under management (AUM).
Kuwait: Economy to Grow 3-5% in 2015 says KAMCO
Kuwait is an oil related economy, with the energy sector dominating the economy. Oil and oil related products constitute about 55 to 60% of Kuwait’s GDP. A sharp drop in oil prices, like a 40% drop, is going to affect the economy. The nominal GDP will get affected. Real GDP will depend on how OPEC reacts about 6 months down the line.
Partnerships Technical Bureau: Gateway for the Investors
The aim of PTB is that investors – both international and local – have a platform to meet and seed partnerships with the government of Kuwait.
PTB: Most Important Projects in Kuwait
According to Adel M. Al Roumi, President of Partnerships Technical Bureau (PTB), the most important project for 2012 in Kuwait is North Zhour power station.
Kuwait: Lack of Investment Opportunities
Kuwaiti government owns almost all the oil and related services – production, distribution, refining, and marketing.
Economy of Kuwait in 2012: Growth, Diversification, Inflation
Interview with Faisal Hasan, Senior Vice President and Head of Research and Publications of Global Investment House. Detailed assessment of the Kuwaiti economy for 2012 by the Global Investment House Head of Research. Mr. Hasan talks also about the growth in Kuwait, badly needed diversification of the economy and much more.
New Projects in Kuwait | Partnerships Technical Bureau
Interview with Adel M. Al Roumi, President of Partnerships Technical Bureau Kuwait (PTB). Partnerships Technical Bureau in Kuwait is a public sector body responsible for the implementation of new projects in Kuwait – Public Private Partnership projects – which have a common goal: to boost the Kuwaiti economy. These projects cover many areas including transportation, energy or telecommunications.