Kuwait’s booming economy is heavily oil dependent, but banks are beginning to look outside the country to strengthen operations and diversify their offer, Stephen Timewell reports from Kuwait.
Middle East
Latest articles from Kuwait
Kuwait’s direct action holds useful lessons
June 2, 2008Targeted intervention, such as that imposed on borrowing limits by Kuwait, could work in other problem areas of banking.
Enter the challengers
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Legislative deadlock hampers development
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Kuwait in the comfort zone
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Central Banker of the Year/ Middle East
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Mood of confidence permeates the market
November 7, 2005
Foreign banks are arriving in Kuwait at last, just as the Bank of Kuwait and Middle East takeover signals the domestic market’s renewed attraction, writes Paul Melly.
On October 2, HSBC Middle East became the second foreign bank to open its doors in Kuwait under the pilot liberalisation programme developed by the authorities in the past year.