Issue 1176 PDF: Shortages hit Kuwaiti economy as dysfunctional politics system take its toll


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Issue 1176 - 15 Sep 2023

Issue 1,176 leads on Kuwait’s fragile political system and economy, as medical shortages point to a longer-term deterioration of public services, amid a liquidity crisis the government is finding hard to tackle, despite high oil prices.

The Politics section includes a focus on conflict in Iraqi Kurdistan, where four people have died in Kirkuk. GSN considers the prospects for further unrest as local elections approach.

GSN view focuses on the UAE’s new federal gambling regulator, whose creation points to recent taboo-busting practices that some Gulf states have made an important elements of their economic diversification strategies.

Saudi attempts to shake dependence on oil revenues have borne some fruit, according to the IMF’s new Article IV report, but hydrocarbons still dominate the kingdom’s economic fortunes. GSN breaks this down with analysis of macro trends and oil output, with graphics on a number of economic indicators.

GSN’s Energy and industry section follows controversies surrounding Brooge Energy’s operations in Fujairah, as two chief executives have stepped down, while filings are delayed and auditors have made accusations of "illegal practices".

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