Kuwait’s diversification agenda might be less well developed than the UAE or Saudi Arabia, but its efforts to boost its non-oil economy are key to future prosperity.
Rafael Nadal married his childhood sweetheart of 14 years, Xisca Perello, at a castle in Mallorca on Saturday. Nadal,…3109 | the publication reaches you by | Kuwait Online
As the Gulf country that relies the most on oil – it still accounts for 60 percent of its GDP – Kuwait had to confront the same economic realities as many of its neighbours when the price per barrel slipped below $30 in 2016, perhaps even more so. The country, however, has been able to face them head on with a combination of strong financial buffers, a growing service economy and an increasing appetite for foreign investment.
Against the backdrop of the unprecedented conditions brought on by the COVID-19 pandemic, Boursa Kuwait saw a net profit…476 | the publication reaches you by | Kuwait Online