GulfBase GCC Cap Indices
Large Cap3,991 -0.08
Med Cap3,831 -0.01
Small Cap4,863 -0.26
Micro Cap8,466 0.09

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GFH 0.49 1,642,170
QNBK 133.5 133,285
AMLAK 1.07 4,593,610
DSI 0.37 10,758,890
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AIRARABIA 1.13 3,611,365

Kuwait Development Plan

Source: Global Investment House

Kuwait approves US$125bn Development Plan

Finally and in a move described as historic, the Kuwaiti national assembly initially approved the development plan up to 2013/14 –the first plan since 1986. This is a move that almost everybody was calling for to revive the Kuwaiti economy facing recessionary pressures since September 2008. The plan was approved with estimated KD37bn (US$125bn) of spending focusing on both oil and non oil economic sectors. The plan aims for turning Kuwait into a regional trade and financial hub through sustaining economic development, economic diversification and GDP growth.

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