The Kuwaiti Parliament approves a law that increases protections for struggling businesses and provides new options before declaring bankruptcy.
Kuwait’s Cabinet approves a fiscal stimulus package that contains measures to provide liquidity for small- and medium-sized enterprises and directives for local banks to postpone select loan repayments for a 3-month period.
As a burgeoning global trend, economic nationalism is also surging in the Gulf states. What may be lost is the decade of efforts in economic integration and negotiations to make the GCC work as a common market, with complementary assets.
by Karen E. Young The beginning of the Trump administration points to, at the least, a heightened period of political and economic risk, which Gulf governments, financial institutions, and businesses will have to price, assess, and manage.
by Karen E. Young Trump’s pro-growth agenda will need partners, and the GCC states are also looking for investment partners in their diversification efforts and for placements for state-owned investment vehicles. It will be the politicization of these partnerships that will create the most risk.
by Karen E. Young The new Trump administration will likely offer a more transactional view of U.S. foreign policy toward the Middle East, and specifically toward the Gulf states.
by Karen E. Young The GCC states have drastically reduced fuel subsidies, however have yet benefit from deficit relief.