News

Kuwait opens doors to private investors

Kuwait_cityPrivate investors are being encouraged to invest in infrastructure projects in Kuwait thanks to an attractive investment climate, according to a report from Deloitte. The report, Doing business guide – understanding Kuwait’s tax position, lists a number of benefits on offer for foreign investors which include ten-year tax holidays and customs exemptions for certain imports. In addition, the Kuwait Direct Investment Promotion Authority has brought in a scoring system to evaluate the granting of investment licences that is designed to encourage investment from businesses that have previously contributed to the Kuwaiti economy. Central to Kuwait’s investment plans is its 2035 Vision initiative, which contains development projects for North Kuwait and different islands around the country. According to Ihab Abbas, partner and tax leader at Deloitte Kuwait, the development programme is aimed at “attracting investment, developing competitiveness and improving legislature to support the economic and social systems whilst creating more than 200,000 jobs”. ©2018 funds global mena

Executive Interviews

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

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Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

Roundtables

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.

SOUTH AFRICA ROUNDTABLE: Airline syndrome

Jun 13, 2018

Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.