Kuwait’s Political System Hindering Economic Growth
Ahmed Al-Jarallah, Editor-in-Chief of Arab Times argues that Kuwait’s political system is slowing down the economic growth of Kuwait.
List of all articles filed under “kuwait-economy” category.
Ahmed Al-Jarallah, Editor-in-Chief of Arab Times argues that Kuwait’s political system is slowing down the economic growth of Kuwait.
Investment companies in Kuwait have been waiting for the economic reform and privatization for long time.
The Kuwaiti economy is over-dependent on oil and gas sector and lacks diversification in the non-oil sectors.
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.
Interview with Ahmed Al Jarallah, Chairman & Editor-in-Chief Arab Times. What are they doing in Egypt right now? Egypt used to be a very strong country of the Arab world – had a strong army, a large population of 90 million people, lots of chances to invest…
Kuwait’s national budget relies 95 percent on oil revenues, but the public and the private sector join forces to push for more diversification.
One of the main economic concerns for Kuwait is the public spending on salaries and wages. Kuwait has the highest public salaries and wages in the GCC, after they were subject to numerous increases in the aftermath of the global financial crisis of 2008.
Al-Humadhi talks about history of the Kuwaiti private sector. Kuwait has one of the best, creative and most vibrant private sectors in the GCC. Unfortunately, in the past the private sector in Kuwait has been forced to invest outside of Kuwait.
The implementation of the Kuwait Development Plan, $111 billion plan crucial for the future economic development of Kuwait, has been impeded by ongoing political turmoil.
Kuwait currently enjoys robust economic growth. According to the latest report by Global Investment House Kuwait’s Real GDP expected to grow by 5.7% in 2011, 4.5% in 2012. Nevertheless, oil continued to dominate total exports of Kuwait in 9M2011, as it did with total government revenues.