Current account surplus in Kuwait
Faisal Hasan, Senior VP of Investment Research Department at KAMCO talks about current account and trade surpluses in Kuwait.
imported 2024-03-17 17:43:06
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 the oil and gas, banking, real estate, telecom and industry sector.
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 doing business in Kuwait.
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 price of oil and Kuwait’s economy.
Adil S. Dahlawi, managing director and CEO of Itqan Capital talks about the economy and FDI.
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?
Saudi Arabia currently produces 55 million tons of petrochemicals but the consumption in Saudi Arabia is 2.5 million tons.
The Saudi lubricant market represents 420 thousand metric tonnes. The emerging markets now consist of the Middle Eastern markets and the African markets. These are set to increase by 3.2% per year for the next 5 years or until at least 2019 according to the latest studies.