Lending to the government is still a mainstay of domestic banks’ revenue
Banks’ loan books are recovering, but industry analysts say hydrocarbons remain too important
As some apply for licences, political crackdown prompts concern about stability
Resurgent economies in the Arab region are luring international lenders, but rising oil prices mean reforms have stalled and a crackdown on dissent in Saudi Arabia has prompted concerns
Political instability imperils the country’s precarious finances
Kuwait is trying to diversify its economy beyond oil, but the transition to a knowledge economy is being held back by a lack of skilled local workers. The government wants to scale back the number of expats but Kuwaitis are reluctant to quit the shrinking but comfortable state sector.
Sovereign wealth fund aims to fill hole left by postponed blockbuster listing
JCPOA signatories should agree to waiver on technical exchange