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FINANCIAL NEWS
Kuwait’s GDP to hit 5 percent in 2014
13 Apr 2014
(MENAFN) Kuwait/s real GDP forecast is expected to hit 5 percent this year compared to 4.5 percent in 2013, according to Khaleej Times.
Main factors of the expected growth will be resilient oil production, which forms the bulk of exports, as well as increasing foreign direct investment.
Dept relief programs held by the government will also help boost its growth and increase private consumption going forward.
The country’s oil sector is expected to grow further with a slower pace this year to reach 4 percent compared to 4.4 percent in 2013 on gradual decline in oil production.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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