Tuesday 11 September 2018

‘The banking sector in Kuwait is in a sweet spot’ | Financial Times

‘The banking sector in Kuwait is in a sweet spot’ | Financial Times:

Theirs is one of the hottest cities on the planet, but Kuwait’s banks had a long wait for their day in the sun.

From 2011 to 2014, a succession of governments meant Kuwait’s public spending stagnated at a time when other Gulf countries were turbo-charging their economies — and their banks — with big infrastructure projects.

Now Kuwait’s banking industry is enjoying a renaissance, as long-awaited political stability has produced a flurry of public sector projects to be financed by banks and built by their customers.

No comments:

Post a Comment