FDI and doing business in Kuwait
Bader Al Humaidhi, Former Minister of Finance of Kuwait talks about doing business in Kuwait.
Low oil prices and Kuwait’s Economy
Bader Al Humaidhi, Former Minister of Finance of Kuwait talks about the price of oil and Kuwait’s economy.
Doing Business in KuwaitKuwait Construction & ContractingKuwait Family BusinessKuwait IndustryKuwait Interviews
Doing business in Kuwait: $150 billion worth of projects coming is a major opportunity
Most of the business is done in partnership with Kuwaitis. We have a law here that requires that for a business to be established here, it must have a 51% Kuwaiti partnership. But now there is a new department in the Ministry of Finance, the Foreign Investment Department. Under this, if a foreign direct investor wants to set up a new business, say to produce ethylene, or cement etc., they can own up to 100% stake in it.
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.
Kuwait: Ideal Place to Do Business in Iraq
Despite many complexities and heavy bureaucracy Kuwait is an ideal place when you want to do business in Iraq.
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.
Media Freedom in Arab World
Media and press freedom in Kuwait can’t be compared to the one of Europe or USA. Arabic/Muslim society has its traditions and habits which can’t be avoided.