Latest articles from Kuwait

Mohammad Al-Hashel

Kuwait's CBG pushes optimistically ahead

April 1, 2014

With the country's well-capitalised banking sector set to transition smoothly to Basel III standards and a positive macroeconomic outlook, central bank governor Mohammad Al-Hashel is able to concentrate on Kuwait's longer term prospects. He tells The Banker how he expects more growth in the Islamic banking sector and an increase in government spending, both of which will prove beneficial to the country's economy.

Kuwait governor's Islamic finance agenda

February 14, 2014

Kuwait’s central bank governor Mohammad al-Hashel is at the forefront of new thinking on Islamic finance.

Gulf sovereign wealth funds

Gulf SWFs look to move with the times

October 1, 2013

The Gulf’s sovereign wealth funds have grown in size and influence, adapting to market forces and taking advantage of the global financial crisis. But just how are they generating returns in the current economic climate?

Mohammad Al-Hashel

Kuwait central bank governor takes prudent approach

April 2, 2013

Mohammad Al-Hashel is settling into his role as Kuwait’s central bank governor, taking over responsibility for a banking sector that is well capitalised and highly liquid. 

The Kuwait Towers symbolise modern Kuwait and its forward-looking approach  to the rest of the world

Kuwaiti banks look to international markets for growth

April 2, 2013

Kuwait’s banks are looking to external markets as they pursue growth, a strategy that has the potential to strengthen Kuwait’s economic relationships with the countries in which it operates.  

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.


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.

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