Kuwait Economy

List of all articles filed under “kuwait-economy” category.

GCC Equity Markets October 2017 Review by Kuwait Finance and Investment Company (KFIC)

November 7, 2017

According to the Equity Markets October 2017 Review by Kuwait Finance and Investment Company (KFIC), GCC equities, as measured by the MSCI GCC IMI Index declined by -2.7% MTD. UAE’s DFM Index was the top performing regional index, followed by Abu Dhabi’s ADSM Index. Kuwait’s Weighted Index fell by -2.5% with negative performance coming from Consumer goods -9.2%, Telecom -7.9% and positive gains came from Oil & Gas +1.4%.

GCC Equity Markets June 2017 Review by Kuwait Finance and Investment Company (KFIC)

July 11, 2017

According to the Equity Markets June 2017 Review by Kuwait Finance and Investment Company (KFIC), MSCI decided to include Saudi Arabia on its watch-list for potential addition to Emerging Market Index as The Kingdom showed significant willingness to improve stock market regulations and easing conditions for foreign investors. In the UAE, The Emirates NBD UAE Purchasing Managers’ Index (PMI), a key indicator of the health of the UAE’s non-oil private sector, fell to 54.3.

GCC Equity Markets May 2017 Review by Kuwait Finance and Investment Company (KFIC)

June 7, 2017

According to the Equity Markets May 2017 Review by Kuwait Finance and Investment Company (KFIC), Saudi Arabia signed billions of dollars of deals with US companies during President Donald Trump’s visit to Riyadh. Estimates of the total deal value vary from USD300bn to USD400bn. Kuwait’s Deputy Prime Minister and Finance Minister Anas Al-Saleh has affirmed the importance of economic reforms made in Arab oil-exporting countries against the sharp drop in global oil prices.

Kuwait’s Real Estate Market in 2017 – Outlook by Al Hamra Real Estate Company

May 3, 2017

“At this point the lowering of the oil prices and the deficit that we are going through has had a marginal effect on the real estate sector. As we all know, the real estate sector here in Kuwait has been the backbone for the non-oil revenue here in the country. I have personally been seeing a good demand over the past two years in the commercial properties throughout Kuwait,” says Mohammed Al Matook, Acting GM of Al Hamra Real Estate Company.

Kuwait’s Banking Sector in 2017 – Overview and Forecasts by Commercial Bank of Kuwait (CBK)

May 1, 2017

“At the beginning of 2016, the management predicted that it would be a tough year. We knew it would be very difficult for us to achieve our targets. Our budget would have to be conservative. We have been watching the figures every month and every quarter, as well as the developments in the sector. 2016 was a very good year for us,” says Elham Mahfouz, CEO of Commercial Bank of Kuwait (CBK).

Kuwait Economy in 2017 – Overview and Forecasts by KAMCO

April 26, 2017

“The economy here is highly dependent on oil, oil production, and oil prices, and it has a high correlation with the energy markets. We expect the Kuwait economy to grow between 2.5 to 3 percent, this year. But, it must be examined in the overall international context. The world economy is expected to grow at around 3 to 4 percent,” says Faisal Hasan, Chief Business Development Officer and Head of Investment Research Department at KAMCO.

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