Kuwait most attractive Gulf country for investors

Red Arrows, officially known as the British Royal Air Force Aerobatic Team, perform a flypast in Kuwait on November 28 2016 [Jaber Abdulkhaleg/Anadolu Agency]

Bloomberg and Credit Suisse have noted that Kuwait is the most attractive Gulf country for investors.

The Kuwaiti stock market recorded $800 million in August, compared to $200 million in August 2017, Kuwaiti newspaper Al-Qabas reported yesterday.

Karen Yong, a researcher at the American Enterprise Institute – which reports economic news in the Gulf – said: “The steady increase in the influx of foreign investments to the Kuwaiti stock market during the past two years is a result of local economic reforms compared to regional political crises.”

She added that Kuwait, which depends on oil as its primary source of economic strength, does not suffer from unemployment pressures in the light of a “stable financial policy”.

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