Economy of Kuwait

Kuwait Economy Outlook for 2012

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Duration: 2:37
Updated: 18 Jun 2012
views: 400
author: Marcopolis Net

Marcopolis.net Video Interview with Bader Al Humaidhi, Former Minister of Finance of Kuwait, also available here http://www.marcopolis.net/kuwait-economic-ou...

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Kuwait: economy and GDP outlook

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Duration: 3:48
Updated: 28 Jul 2015
views: 4

Faisal Hasan, Senior VP of Investment Research Department at KAMCO talks about Kuwait's economy and GDP. He believes that the major challenge for the economy is implementation of mega projects, diversification of the economy and job creation. He says, "I think the biggest challenge is diversifying the economy and job creation. It will be a challenge to execute the many projects that have been announced to diversify the economy. We have seen some delays in execution in the past 15 years or so. There hasn’t been a very fast paced execution of plans. There have been delays, some projects were scrapped, some were re-tendered. But this time we are seeing some positive signs that things will go ahead smoothly. There are signs that PPP, Public-Private partnership model is now being used. Also there are infrastructure projects. We will see much faster execution this time around. If this doesn’t happen, then it is a major challenge for the economy because these are the projects that will diversify the economy and create long term jobs. It is required. If it gets delayed for any reason, it will be a big challenge for the economy." Interview: http://www.marcopolis.net/kuwait-economy-to-grow-3-5-in-2015-says-kamco.htm

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Kuwait Airways A300-600 economy class

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Duration: 1:13
Updated: 26 Jul 2014
views: 28815
author: francaiskoweit

From Jeddah to kuwait. On kuwait Airways A300-600.

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Kuwait Economy - Sun, 18 May 2014

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Duration: 8:44
Updated: 27 Aug 2014
views: 29
author: DBEntrepreneurship

wn.com/Kuwait Economy Sun, 18 May 2014

Kuwait Airways B777 London - Kuwait | KU102

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Duration: 8:36
Updated: 24 Aug 2014
views: 4404
author: SALEM712

رحلتي على متن الخطوط الجوية الكويتية من لندن الى الكويت .this is my new video of my flight on Kuwait Airways from london to kuwait.

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Economic Growth of Kuwait Hindered by Politics of Kuwait

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Duration: 3:39
Updated: 17 Dec 2013
views: 361
author: Marcopolis Net

Marcopolis.net Video Interview with Ahmed Al Jarallah, Chairman & Editor-in-Chief Arab Times, also available here http://www.marcopolis.net/kuwaits-political...

wn.com/Economic Growth Of Kuwait Hindered By Politics Of Kuwait

Economy: low oil prices "good for Kuwait"

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Duration: 3:24
Updated: 10 Jul 2015
views: 0

Bader Al Humaidhi, Former Minister of Finance of Kuwait talks the impact of the low oil prices on Kuwait's economy. He says, "Maybe. Yes you are right. Let me tell you something. It’s never too late. There’s always a chance. You are right also saying about the Iraq invasion. It might have had an effect but it’s not the main reason. It might have had an effect. You know Germany came out of the Second World War, and now it has the largest economy in Europe. So it’s never too late."

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Kuwait Airways A340 | KU415

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Duration: 15:07
Updated: 26 Aug 2014
views: 20189
author: SALEM712

This is my new full flight video .. Kuwait Airways Airbus A340 from Kuwait to KualaLumpur .. Subscribe and Enjoy with other video Soon :) it was heavy thunde...

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Kuwait Airways in action | a greatest cabin crew in the world

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Duration: 1:13
Updated: 02 Sep 2014
views: 17485
author: SALEM712

Kuwait Airways 4ever.

wn.com/Kuwait Airways In Action | A Greatest Cabin Crew In The World

Kuwait Airways A340-300 Economy class

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Duration: 0:33
Updated: 05 Aug 2014
views: 19370
author: francaiskoweit

kuwait airways from kuwait to jeddah. A340-300.

wn.com/Kuwait Airways A340 300 Economy Class

Kuwait Airways A320 Economy Class

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Duration: 0:32
Updated: 20 Nov 2013
views: 7451
author: kuwaitpilot

This is the Economy Class Cabin of Kuwait Airways A320.

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Gap Minder: Kuwait's Oil Based Economy

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Duration: 4:44
Updated: 17 Sep 2015
views: 4

A video about how Kuwait's oil based economy has changed throughout the years from the 1960s to the 2000s shown through gap minder updates.

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Kuwait Airways Airbus A310 Economy Class

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Duration: 0:23
Updated: 31 May 2014
views: 3393
author: SALEM712

Kuwait Airways Economy Class Airbus A310 Flight from Doha,Qatar To Kuwait,Kuwait & Waiting My Full Flight Video Soon :) Thank you.

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Economy: Kuwait heading for disaster

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Duration: 14:52
Updated: 10 Jul 2015
views: 9

Bader Al Humaidhi, Former Minister of Finance of Kuwait talks about the price of oil and Kuwait's economy. Actually it’s a very crucial time for all the oil exporting countries, but mainly for my country Kuwait. As you quite rightly said, I was talking about the subject even when I was the Minister of Finance in 2006/2007. I was worrying about the point at which the oil prices would drop. A drop which is out of our hands and that’s what is happening now. What does that mean for our budget?

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President Park highlights diversifying Korea-Kuwait economic cooperation 박 대통령

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Duration: 2:12
Updated: 03 Mar 2015
views: 2

First we begin with President Park′s trip to the Middle East. Before leaving for Saudi Arabia, she met with Korean and local business communities in Kuwait... and emphasized the importance of bolstering ties on the economic front. Arirang′s presidential office correspondent Choi You-sun reports. President Park Geun-hye continued to pitch Korean businesses in Kuwait, this time to the country′s business community. At Monday′s bilateral business forum, she highlighted a synergy effect that can be achieved from Korea and Kuwait joining their innovation and industrial diversification growth initiatives. "In line with the two sides′ economic innovation plans, we need to take a step forward in our economic cooperation." Referring to Kuwait′s distribution infrastructure project, President Park said Korean companies are more than ready to participate, citing their 40-year experience in Kuwaiti infrastructure building. She also talked about visiting a site earlier, where Korean companies are currently building a 48-kilometer-long bridge across the Bay of Kuwait. The Korean president then emphasized a need for Korea and Kuwait to upgrade their cooperation in energy, from the current oil trade to joint ventures in oil exploration, development and production, as well as non-traditional energy sources like shale gas. More than 1-hundred Korean and Kuwaiti SMEs held one-on-one business sessions, where a dozen deals worth 135 million dollars are near to being signed. "It′s a shopping mall that has a two-kilometer roof and Korea′s D′strict Holdings has concluded a deal to build a children′s cafe there, worth some 100-thousand dollars." "President Park now travels to Saudi Arabia, the second leg of her Middle East tour. Meeting with the leaders of Korea′s top oil-supplying nation, she plans to use diplomacy to expand cooperation into the fields of nuclear energy, health care and ICT. Choi You-sun, Arirang News, Kuwait City."

wn.com/President Park Highlights Diversifying Korea Kuwait Economic Cooperation 박 대통령

Kuwait Airwyas A320 Economy Class 2

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Duration: 0:11
Updated: 26 Jan 2014
views: 4781
author: kuwaitpilot

This is the Economy Class Cabin of Kuwait Airways A320.

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Minister of Oil says clean fuel project conducive to Kuwait's economy

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Duration: 0:47
Updated: 27 Apr 2014
views: 37
author: MOI Kuwaitnews

The Minister of Oil, Minister of State for Parliamentary Affairs and Chairman of Kuwait Petroleum Corporation (KPC) Dr. Ali Saleh Al-Omair said the contracts...

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Reduced public spending in Kuwait could impact the economy

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Duration: 5:03
Updated: 10 Jul 2015
views: 0

Bader Al Humaidhi, Former Minister of Finance of Kuwait talks about the public spending in Kuwait. He says, "Well as you know, in Kuwait and to some extent in other gulf states, the main motivator of the economy is the government because the government has the spending power. If the government is spending the wages, salaries, subsidies, projects - especially infrastructural projects, this ought to activate the other sectors. Activate contracting, cementing, steel, everything. Now if the government reduced its spending, this will have a negative effect on all of the sectors. There will be no more demand for steel, no more demand for cement, no more demand for labour."

wn.com/Reduced Public Spending In Kuwait Could Impact The Economy

Kuwait's National Assembly discusses national economy, environment & administrative court

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Duration: 5:02
Updated: 25 May 2014
views: 30
author: MOI Kuwaitnews

Kuwait's National Assembly held its supplementary session on 21st May, 2014, under the chairmanship of Parliament Speaker Marzouq Ali Al-Ghanim. During the s...

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Kuwait-EU cooperation and economic future

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Duration: 5:06
Updated: 28 Jul 2015
views: 1

Fouad M.T. Alghanim, Chairman and CEO of Fouad Alghanim and Sons Group talks about the importance and outlook on the relationship between Kuwait and Europe. He says, "I was asked that question by a friend about what I would like to see. I see that the European economy is in bad shape. I don’t see it improving much in the near future. Many of the countries, Italy, Spain, Ireland, Portugal and others, are in a bad situation. If the GCC as a group agrees to invest money in European companies, on the guarantee of technology transfers, there will be a stronger relationship. What will happen to Europe? The European economy will improve. This doesn’t just mean the money that will flow into Europe. Even oil prices will improve. Europe as a bloc is the third largest consumer of our oil after China and India. Why can’t we think like that? We should think about the future, mutually beneficial. Why should we close ourselves off? I wish the European Union would approach the GCC. If you ask me why shouldn’t the GCC approach the EU? GCC countries have already invested in Europe but independently. But if the EU comes as a bloc to the GCC, represented as one bloc too, we are ready to invest subject to technology transfer, subject to long term understanding, not for a year or two but maybe a 100 years. This is what should be done. This is my wish. It’s politics. One of the European leaders I met said he would love to see this happen too. But there will be other, bigger countries that try to block this because they don’t want to see European-GCC economic partnership and strength. This depends on both Europe and the GCC. If the intention and the will is there, nobody can block it. Interview: http://www.marcopolis.net/doing-business-in-kuwait-150-billion-worth-of-projects-coming-is-a-major-opportunity.htm

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Top 10 Largest Cities or Towns of Kuwait

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Duration: 1:01
Updated: 13 Sep 2014
views: 0

Thanks for watching.... 1. Al Ahmadi 2. Hawalli 3. As Salmiyah 4. Kuwait City 5. Al Farwaniyah 6. kaifan 7. Doha 8. Al Jahrah 9. Bayan 10. Salwa Kuwait, officially the State of Kuwait, is an Arab country in Western Asia. Situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, it shares borders with Iraq and Saudi Arabia. As of 2013, Kuwait has a population of four million people. During the eighteenth and nineteenth centuries, Kuwait was a prosperous center of trade and commerce in the Middle East. Starting in the early 20th century, its regional economic importance declined, and by 1934 Kuwait had lost its prominence in long-distance trade. Kuwait's economy was devastated by several trade blockades. During World War I, the British Empire imposed a blockade against Kuwait because its ruler supported the Ottoman Empire. Following the Kuwait–Najd War of 1919–1920, Saudi Arabia maintained a trade blockade against the country from 1923 until 1937. In 1990, Kuwait was annexed by Iraq. The Iraqi occupation came to an end after military intervention by United States-led forces. Kuwait is a constitutional monarchy with an elected parliamentary system. The country ranks highly in regional comparisons of national performance, including protection of civil liberties, press freedom and judicial independence. Kuwait is frequently ranked as having the freest press in the Arab world. The country is currently attempting to diversify its oil-reliant economy. In recent years, the hostile relationship between the elected parliament and government has prevented the implementation of economic reforms. Kuwait was historically the site of settlements from the Ubaid period (c. 6500 to 3800 BC). The earliest evidence of sailing has been found in Kuwait, the world's oldest reed boat was found in Subiya in northern Kuwait. The Kuwaiti island of Failaka was first inhabited by Sumerians in 2000 BC. In 224 AD, Kuwait fell under the control of the Sassanid Empire. In 636 AD, the Battle of Chains between the Sassanid Empire and Rashidun Caliphate was fought in Kuwait near the town of Kazma. As a result of the Rashidun victory in the seventh century, an early Islamic settlement known as Kazima was founded in Kuwait. In 1613, the town of Kuwait was founded in modern-day Kuwait City. In 1716, the Bani Utubs settled in Kuwait. At the time of the arrival of the Utubs, Kuwait was inhabited by a few fishermen and primarily functioned as a fishing village. In the eighteenth century, Kuwait prospered and rapidly became the principal commercial center for the transit of goods between India, Muscat, Baghdad and Arabia. By the mid 1700s, Kuwait had already established itself as the major trading route from the Persian Gulf to Aleppo. During the Persian siege of Basra in 1775—1779, Iraqi merchants took refuge in Kuwait and were partly instrumental in the expansion of Kuwait's boat-building and trading activities. As a result, Kuwait's maritime commerce boomed. Between the years 1775 and 1779, the Indian trade routes with Baghdad, Aleppo, Smyrna and Constantinople were diverted to Kuwait. The East India Company was diverted to Kuwait in 1792. The East India Company secured the sea routes between Kuwait, India and the east coasts of Africa. After the Persians withdrew from Basra in 1779, Kuwait continued to attract trade away from Basra. Regional geopolitical turbulence helped foster economic prosperity in Kuwait in the second half of the 18th century. Kuwait became prosperous due to Basra's instability in the late 18th century. In the late 18th century, Kuwait partly functioned as a haven for Basra's merchants fleeing Ottoman government persecution. By 1800, it was estimated that Kuwait's sea trade reached 16 million Bombay rupees. Kuwait's pre-oil population was ethnically diverse. The population consisted of Arabs, Persians, Africans, Jews and Armenians. Kuwait was the center of boat building in the Gulf region. Ship vessels made in Kuwait carried the bulk of trade between the trade ports of India, East Africa, and Red Sea. Boats made in Kuwait were capable of sailing up to China. Kuwaiti ship vessels were renowned throughout the Indian Ocean for quality and design. Kuwaitis also developed a reputation as the best sailors in the Persian Gulf. In the 19th century, Kuwait became significant in the horse trade, horses were regularly shipped by the way of sailing boats from Kuwait. By the mid 19th century, it was estimated that Kuwait was exporting an average of 800 horses to India annually. Pre-oil Kuwait was divided into three areas: Sharq, Jibla and Mirqab. Sharq and Jibla were the most populated areas. Jibla was inhabited by immigrants from Saudi Arabia, Iraq and Bahrain. Sharq was mostly inhabited by Iranian immigrants. Source: http://en.wikipedia.org/wiki/Kuwait

wn.com/Top 10 Largest Cities Or Towns Of Kuwait

Kuwait's oil, banking, telecom, real estate, investment and industry sector overview

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Duration: 7:00
Updated: 28 Jul 2015
views: 0

Faisal Hasan, Senior VP of Investment Research Department at KAMCO talks about the oil and gas, banking, real estate, telecom and industry sector. Oil and Gas Sector in Kuwait About oil and gas, which is the predominant sector of the economy, I think the sector will diversify more into downstream projects. We are seeing refinery projects. These are good in terms of profit margins. Refined products give good margins. The sector will obviously depend on the price of oil. But we do expect an upturn sometime in the second half of 2015. We will see increased demand from emerging markets. The oil market looks neutral for now. Banking Sector in Kuwait Another big sector of the Kuwait economy is the banking sector. The banking sector is growing. The credit market is growing at a lower single digit pace. But the profitability in the banking sector is high. In the past 9 month period, the banking sector was up about 18 to 20%. Overall, on the Kuwait Stock market, corporate earnings were up only 2%. That shows the banking sector is doing well. There is also a huge scope in the near future for the banking sector in project financing. As i mentioned earlier there are a large number of projects that are coming up. The Kuwait banking sector will probably have to align with international banks to provide that scale of financing. Kuwaiti banks are also now looking outwards. They have acquired banks in the GCC and MENA regions. They are looking for an entry into bigger economies. Their revenue stream will be more diversified and they will be looking at inorganic growth. I am positive about the banking sector. There is increased competition even in Islamic banking. They have new products and they are competing on level ground with the conventional banking sector. That is another area of growth as many people look more towards the Islamic banking sector. There are more products available from this sector now, for example, the sukuk. A lot of sukuks are emerging in the region. Markets have a tremendously increased ability to absorb sukuks. Real Estate Sector in Kuwait As for the real estate sector, it is a very important sector. It is intimately correlated with economic growth and macroeconomic fundamentals. However, the yields in this sector are still good in Kuwait. There is a lot of construction activity, particularly on the high end, which is the malls and retails. The yields in this segment are very good. I am not so positive on residential real estate, not so much because of oversupply but because there is a demand-supply mismatch that can potentially happen in the future. I am sure there will be a positive outlook for the commercial and logistics segments of the real estate sector. Telecom Sector in Kuwait In Telecommunications, the penetration rate in Kuwait is above 100%. There is not much scope for further growth for telecom companies within Kuwait itself. The companies are looking outwards, into other markets. For example, Zain formed Zain Saudi Arabia. All the telecom companies are looking at other telecom markets to increase their revenues and subscriber bases. There will be churn in the telecom sector in Kuwait. We have new players like Viva entering the market. They are making inroads into the market share of the other 2 major players. There is churn between the prepaid and postpaid segments. But major growth will come from the outside markets or inorganic growth, because penetration level in Kuwait is already very high. Investment Sector in Kuwait The investment sector is very dependent on the stock markets and their related products. The investment sector, investment banking sector, financial services sector and the insurance sector, will all benefit from the planned mega projects, where their expertise will be required. However, stock market volatility will affect them strongly. Investment companies will have to develop a more stable cash flow, investment banking activities, and brokerage services. Any movement in the stock market will directly affect them. Industrial Sector in Kuwait The growth of the industrial sector is related to the petrochemical sector. The construction sector dictates the growth of the construction materials industry, like cement. Real growth will depend on how they can expand into the GCC, MENA or international regions. That growth will be in line with the GDP growth we will see for the region per se. Interview: http://www.marcopolis.net/kuwait-economy-to-grow-3-5-in-2015-says-kamco.htm

wn.com/Kuwait's Oil, Banking, Telecom, Real Estate, Investment And Industry Sector Overview

Kuwait Airways A310 Dubai to Kuwait City KU674

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Duration: 9:29
Updated: 22 Aug 2014
views: 1597
author: WillScaryForCandy

Kuwait Airways flight 674 from Dubai International Airport to Kuwait City airport operated by Airbus A310-300 9K-ALA. cockpit landing take off flying justpla...

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Kuwait Economy Outlook for 2012

Kuwait: economy and GDP outlook

Kuwait Airways A300-600 economy class

Kuwait Economy - Sun, 18 May 2014

Kuwait Airways B777 London - Kuwait | KU102

Economic Growth of Kuwait Hindered by Politics of Kuwait

Economy: low oil prices "good for Kuwait"

Kuwait Airways A340 | KU415

Kuwait Airways in action | a greatest cabin crew in the world

Kuwait Airways A340-300 Economy class

Kuwait Airways A320 Economy Class

Gap Minder: Kuwait's Oil Based Economy

Kuwait Airways Airbus A310 Economy Class

Economy: Kuwait heading for disaster

Kuwait

ALBUMS

Decibel

Kuwait Economy Outlook for 2012

Kuwait: economy and GDP outlook

Kuwait Airways A300-600 economy class

Kuwait Economy - Sun, 18 May 2014

Kuwait Airways B777 London - Kuwait | KU102

Economic Growth of Kuwait Hindered by Politics of Kuwait

Economy: low oil prices "good for Kuwait"

Kuwait Airways A340 | KU415

Kuwait Airways in action | a greatest cabin crew in the world

Kuwait Airways A340-300 Economy class

Kuwait Airways A320 Economy Class

Gap Minder: Kuwait's Oil Based Economy

Kuwait Airways Airbus A310 Economy Class

Economy: Kuwait heading for disaster

President Park highlights diversifying Korea-Kuwait economic cooperation 박 대통령

Kuwait Airwyas A320 Economy Class 2

Minister of Oil says clean fuel project conducive to Kuwait's economy

Reduced public spending in Kuwait could impact the economy

Kuwait's National Assembly discusses national economy, environment & administrative court

Kuwait-EU cooperation and economic future

Top 10 Largest Cities or Towns of Kuwait

Kuwait's oil, banking, telecom, real estate, investment and industry sector overview

Kuwait Airways A310 Dubai to Kuwait City KU674

Kuwait Economy Outlook for 2012

Kuwait: economy and GDP outlook

Kuwait Airways A300-600 economy class

Kuwait Economy - Sun, 18 May 2014

Kuwait Airways B777 London - Kuwait | KU102

Economic Growth of Kuwait Hindered by Politics of Kuwait

Economy: low oil prices "good for Kuwait"

Kuwait Airways A340 | KU415

Kuwait Airways in action | a greatest cabin crew in the world

Kuwait Airways A340-300 Economy class

Kuwait Airways A320 Economy Class

Gap Minder: Kuwait's Oil Based Economy

Kuwait Airways Airbus A310 Economy Class

Economy: Kuwait heading for disaster

President Park highlights diversifying Korea-Kuwait economic cooperation 박 대통령

Kuwait Airwyas A320 Economy Class 2

Minister of Oil says clean fuel project conducive to Kuwait's economy

Reduced public spending in Kuwait could impact the economy

Kuwait's National Assembly discusses national economy, environment & administrative court

Kuwait-EU cooperation and economic future

Top 10 Largest Cities or Towns of Kuwait

Kuwait's oil, banking, telecom, real estate, investment and industry sector overview

Kuwait Airways A310 Dubai to Kuwait City KU674

Kuwait Economy Outlook for 2012

Kuwait: economy and GDP outlook

Kuwait Airways A300-600 economy class

Kuwait Economy - Sun, 18 May 2014

Kuwait Airways B777 London - Kuwait | KU102

Economic Growth of Kuwait Hindered by Politics of Kuwait

Economy: low oil prices "good for Kuwait"

Kuwait Airways A340 | KU415

Kuwait Airways in action | a greatest cabin crew in the world

Kuwait Airways A340-300 Economy class

Kuwait Airways A320 Economy Class

Gap Minder: Kuwait's Oil Based Economy

Kuwait Airways Airbus A310 Economy Class

Economy: Kuwait heading for disaster

Kuwait Economy Outlook for 2012...

Kuwait: economy and GDP outlook...

Kuwait Airways A300-600 economy class...