Kuwait’s Economy: Outlook 2012, GDP, Inflation, Current Accounts & Monetary Policy
The Kuwaiti economy is over-dependent on oil and gas sector and lacks diversification in the non-oil sectors.
imported 2024-03-17 17:43:07
The Kuwaiti economy is over-dependent on oil and gas sector and lacks diversification in the non-oil sectors.
The American University of Kuwait (AUK) is one of the best universities in Kuwat; an independent, private, equal opportunity, and coeducational liberal arts institution of higher education. The educational, cultural, and administrative structure, methods and standards of AUK are based on the American model of higher learning.
Why not combine leisure time with the pleasure of learning in an exciting environment? The Scientific Center of Kuwait (TSCK) makes it possible.
It’s all in the family: Businessmen, bankers and diplomats who want to play the big card in Kuwait have no choice but to deal with the influential families who run the country’s economic, social and cultural life.
Learning for Life: Kuwait might not be at the top of the usual MBA Business School rankings, but the northern Gulf state does have institutions of higher education which are highly regarded in the region.
Although there is a lot of talk about planning for the “time after oil,” the “black gold”, along with gas, remains the primary source of income for the Kuwaiti government.
In 2012, the Kuwait banks are cleaning up their balance sheets as a response to the consequences of the financial crisis of 2008/09 that is most likely going to continue throughout 2012.
In 2012, the Kuwait banks are cleaning up their balance sheets as a response to the consequences of the financial crisis of 2008/09 that is most likely going to continue throughout 2012.
It has become common knowledge that basic health-care is provided free to Kuwaiti citizens. With a total population of 3.5 million people, of which a third are Kuwaiti nationals, the oil-rich Dawlat al-Kuwait, the State of Kuwait, had so far few problems paying for doctor visits.
Although the well-capitalized Kuwaiti banking sector has digested the financial crisis by bringing down the share of non-performing loans (NPLs) and getting back to profits, the political ups and downs as well as the economic (oil) monoculture in the northern Gulf state prevent the sector from achieving its full potential.