Kuwait investment

By John Sfakianakis

Gaza, Iraq, Syria, Libya, Yemen, Egypt are all part of a region which has been consumed by anarchy, violence and destruction since 2011. But there is another part of the Middle East which is a striking contrast to all that: the Gulf. Many outsiders think it’s only a matter of time before the turmoil that has swept other Arab countries also overtakes the rulers of the Arab Gulf. They’ve been thinking that for close to a century.

The economies of the Gulf oil exporters are expanding. Over the last decade vast wealth has been accumulated which affords the Gulf countries a level of resilience that few in the emerging markets can match. Gulf currencies which are pegged to the greenback have offered additional stability. The elevated level of oil prices – at above $100 per barrel – is providing oil producing countries with a fiscal cushion. Thus, even as many other emerging markets try to find an equilibrium, Gulf countries will continue to do well and accumulate more reserves while sustaining high spending. Read more

The Middle-Eastern Gulf states have had a huge swing towards Asia in trade but investment dinars have not followed to the same degree. Ahmad Al-Hamad is looking to change that.

Asiya Investments is part of the listed Kuwait China Investment Company and already runs about $450m in assets, more than 10 per cent of which comes from the Kuwait Investment Authority, the sovereign wealth fund. Read more

Kuwait has introduced new corporate legislation as it tries to compete for foreign investment with its more successful regional peers, primarily the United Arab Emirates, write Camilla Hall and Simeon Kerr.

Notorious in the region for its recent economic underperformance, Kuwait is trying to move ahead with more coherent regulations in an effort to kick-start its non-oil economy and boost confidence in markets. Read more