Kuwait CEOs say feel ‘positive’ about local business conditions
OBG conducts latest Business Barometer survey
KUWAIT CITY, Oct 4: In the latest Business Barometer survey conducted by the Oxford Business Group (OBG) on Kuwait, about 80 percent of Kuwait-based CEOs expressed optimism concerning the business conditions in the country and felt positive about Kuwait’s business environment, reports Arabian Business Online.
A total of 85 CEOs from various sectors in Kuwait had participated in the survey conducted by OBG and they were asked a number of questions concerning their viewpoint on the business situation in the country.
Despite the fact that the government’s decision to shortly introduce a number of new taxes has been the talk of the town currently, almost 94 percent of the business leaders indicated that the tax environment in Kuwait is competitive on a global scale.
Almost 74 percent of the participants in the survey said they were likely to make a significant capital investment in Kuwait within a year. In addition, 45 percent of them revealed that government spending accounted for at least 60 percent of their business. This is because the state has been playing a major role in Kuwait’s economy.
However, a number of business leaders who participated in the survey shared their concerns about the rate of change in Kuwait and the importance of maintaining momentum
The Kuwaiti surgical team with the German team.
A Kuwaiti surgical team, assisted by a German team, performed the first surgical operation in the Middle East to transplant an artificial heart pump with a minimal invasive technique.
Head of the surgery team at Sulaiman Al-Dabous Heart Center, Dr Riad Al-Tarazi, told KUNA that with the help of a German team from Hanover University, the artificial
in terms of reforms and investment. Nevertheless, the survey highlighted a widely favorable outlook among the CEOs who expressed their keenness to play a positive role in the progress of the country.
According to the editor-in-chief of OBG and managing editor for the Middle East Oliver Cornock, the pace of economic reform has been slower in Kuwait compared to other countries in the region. However, huge projects are
This technique helps to avoid the complications associated with the traditional surgical method and helps the patient recover faster, he said.
He added that the patient is currently in the intensive care unit in Al-Dabous center, pointing out that ventilators have been removed in less than 24 hours from the conclusion of the surgery. (KUNA)
being planned based on the country’s five-year developmental plan, which is worth $112 billion, and the New Kuwait Vision 2035. This has been contributing to boosting investments in the country. (Source – arabianbusiness.com)