Since global oil prices collapsed in 2014, Kuwait's economy has faced a number of challenges. This environment has contributed to the manoeuvrings of the OPEC+ group (a coalition of the Organisation of the Petroleum Exporting Countries plus 10 other non-members), leading to production cuts from Kuwaiti oil fields.
Lower oil prices have also dented the country’s growth prospects at a time when political tensions within the Gulf Co-operation Council (GCC) have continued to simmer and take – to varying degrees – their toll on the wider regional operating environment.
