Kuwait after recession, returns as best performing financial market in the Gulf | ZAWYA MENA Edition

Kuwait after recession, returns as best performing financial market in the Gulf | ZAWYA MENA Edition:

"A report from the research unit of Kuwait Financial Center — Markaz indicates that Kuwait, after the recession period in the Kuwaiti financial market, has returned in the forefront as the best performing market in the Gulf region, achieving returns of 13 percent from the start of 2017 until October, reports Al-Shahed daily. According to the report, the declaration to incorporate Kuwait in the FTSE Index for developing market from 2018 came as a motivator, besides various other achievements of Kuwait in the financial control aspect. The report on food production in the GCC countries, which was issued by the corporate finance and investment advisory company Alpen Capital, expects Kuwait to record rapid annual growth in food consumption in the Gulf region during the period between 2016 and 2021, at a compound annual growth rate of 5.5 percent. Kuwait has been ranked first in the Arab region and 26th globally in the 2017 Food Security index in accordance with the annual global food index report by “Economic Intelligence” for research. Kuwait also has been ranked top in the Arab world and second globally for consumption of meat with about 119.2 kg per person annually. The United Arab Emirates came second in the Arab world with an average meat consumption rate of about 73.8 kg per person annually, Lebanon came third with 58.5 kg per person and the Kingdom of Saudi Arabia came fourth with 54.4 kg per person."



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