List of all articles filed under “kuwait-economy” category.
“In our sector, the investment sector, and through being a specialized, client-driven, asset management investment bank, our focus is on building and continuing to maintain our strong leadership position. Part of that is the trust that is bestowed upon us by our clients and our various stakeholders.”
“Overall, we feel that the non-oil economic growth is going to outperform the oil economic growth. OPEC has implemented production cuts in order to stabilize oil prices, and Kuwait will be adhering to those cuts. That will have an effect on the real GDP growth because Kuwait is such a highly energy dependent economy. It all depends on how the oil markets behave.”
“Corruption is rife, Kuwait jumped up 20 places in the ranking for corruption. Unfortunately up to now, democracy has not been helping the development of Kuwait as it used to in the 60s, 70s and partially in the 80s.”
Faisal Hasan, Senior VP of Investment Research Department at KAMCO talks about current account and trade surpluses in Kuwait.
Faisal Hasan, Senior VP of Investment Research Department at KAMCO talks about Kuwait’s economy and GDP. He believes that the major challenge for the economy is implementation of mega projects, diversification of the economy and job creation.
Bader Al Humaidhi, Former Minister of Finance of Kuwait talks the impact of the low oil prices on Kuwait’s economy.
Bader Al Humaidhi, Former Minister of Finance of Kuwait talks about the public spending in Kuwait.
Bader Al Humaidhi, Former Minister of Finance of Kuwait talks about the price of oil and Kuwait’s economy.
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?
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.
