Kuwait
Budget surplus of 6.4 billion Kuwaiti dinars, amounting to $20.86 billion
UAE nationals are exempted from needing a Schengen visa for short trips
Kuwait aims to solidify its position as one of the top producers within OPEC
Fund to launch major projects via private sector partnerships
Country aims to increase oil production to 3.2 mn BPD by 2024
With 4.25% return rate
Kuwait pledged $1 mn for the purchase and installation of electric generators
Authority implemented automated system to report electronic trading accounts
Project expected to house up to 400,000 people
Macroeconomic improvements needed to drive recovery in 2023
Infrastructural development, digital banking, among key drivers
As an anticipated ban of oil products from Russia takes effect
Estimated to have grown nearly 8 percent in 2022
AFAQ is another step closer to unifying banking across the region
Reached a $825 million term loan facility
