By focusing on the nuts and bolts of administration, such as licensing, regulation and digital access, it is laying the foundations for a more dynamic and inclusive economy
As Kuwait marks its National Day, it continues to grapple with the lingering effects of past crises while confronting new economic, political, and security challenges
Politically motivated cries of outrage over interest charges have reverberated around the country, but official data reveal a sober picture in a country that needs lending to diversify its economy.
Streamlining the public sector, enhancing the role of the private sector, and reviewing financial policies away from sovereign funds are just some of the reforms needed. Time is running out.
Economic reform is key to the future of a region which needs to diversify away from dependency on oil, or a reliance on international funding. There has been both resistance and progress so far.
Kuwait needs to shrink its public sector and use privatisation to cut its dependence on oil revenue. Reform will only become more difficult as the world moves to alternative energy.
Balanced fiscal management, targeted deficit reduction, and strategic growth initiatives underpin this year's budget, with a strong emphasis on citizen partnership
What began as a locally rooted trade in coca leaves and opium evolved into a transnational system of cartels that challenged governments, corrupted institutions, and destabilised countries