Latest articles from Kuwait

Vote of confidence: Kuwait’s December 2012 election resulted  in a parliament that was largely in favour of the country’s economic development plan

New government incites new-found optimism in Kuwait

April 2, 2013

In the past year, political turbulence has dented Kuwait's otherwise healthy economy, with political infighting effectively blocking the government's $130bn economic development plan (EDP). But a new government, elected in December 2012, looks set to put an end to the country's political problems and kick-start the EDP.

Standing firm: Kuwait’s banking sector saw record growth in 2012

Kuwait's banking industry goes from strength to strength

April 2, 2013

Largely unaffected by the political and economic turbulence outside the country, Kuwait's banks recorded strong growth in 2012, and are looking to improve on this in 2013, by seeking growth abroad and taking advantage of the opportunities offered by the government's $130bn national development plan.

Kuwait CBG's six steps to regulatory best practice

December 13, 2012

Kuwait's central bank governor says that maintaining an effective regulatory framework is a difficult and time-consuming task that requires constant attention and frequent fine-tuning. As the global economic crisis has shown, however, there is little alternative.

TopIslamicTeaser

The struggle to find the right Islamic banking model

November 7, 2012

The steady growth of sharia-compliant assets suggests banks believe in the future of the sector, but the dismantling of the largest cross-border Islamic window raises questions about whether global banking groups can make a success of the business.

Resilience underpins Arab banks

Top Arab banks ranking, 2012

October 1, 2012

Arab banks offset the turmoil of the Arab Spring and offered a robust performance in 2011 with impressive growth across the key financial indicators. And with minimal exposure to the eurozone crisis, the region's banks are expected to continue their recovery from the global financial crisis.

Kuwaiti banks seek regional salvation

Kuwait's slow progress forces its banks to look further afield

May 1, 2012

Efforts by the Kuwaiti government to boost the country’s sluggish economic growth have so far proven ineffective, leaving its banks to look towards the rest of the Middle East and north Africa for growth opportunities.

Middle Eastern banks look to move up a gear

Middle Eastern banks look to move up a gear

May 1, 2012

Armed with deep pools of liquidity, many Middle Eastern banks are exploring new avenues of growth, from expanding their regional presence to concentrating on innovation within the Islamic finance sphere.

Kuwait pushes PPP agenda

Kuwait looks to private sector funding in PPP push

April 2, 2012

Now Kuwait has joined many other Gulf states in pushing through private financing across a range of sectors and overhauling its infrastructure, it boasts one of the Middle East's largest and most diverse public-private partnership programmes. But as the country's government opts for PPPs, will the banks follow?

Kuwaits growth challenge

Kuwait's growth challenge

April 2, 2012

Home to an estimated 9% of the world’s total oil reserves, Kuwait posted its 12th consecutive budget surplus of $18.9bn in 2011. But while the country's coffers are flush with cash, continued political infighting has stymied development, leaving the economy overly reliant on the oil sector and the country's basic infrastructure in need of improvement.

Kuwaits banks play the waiting game

Kuwait's banks play the waiting game

April 2, 2012

Kuwait's banks are struggling to recover from the significant losses made in 2008 and 2009, suffering with high levels of non-performing loans and a dearth of lending opportunities. The government's economic development plan was designed to both offer a lifeline to the banking sector and diversify the country's oil-reliant economy, but while banks are keen to get on board with the various projects, political indecision is slowing their progress.

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