‘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.
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