Kuwait is positioning itself as a future regional financial, cultural and institutional hub, forging ahead with infrastructure mega-projects and developing private sector investment – apparently unbowed by disputes at home and between its Gulf neighbours. James King reports.
Kuwaiti banks are in ebullient mood, reporting both decent profits and healthy capital adequacy levels. But while government spending promises further growth opportunities, competition for customers is heating up in a crowded market, as James King reports.
With one of the oldest Islamic banking sectors in the world, Kuwait continues to show impressive growth and adaptability in the industry. Now authorities in the country are looking to become big hitters on a regional and global level. Kit Gillet and James King report.