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Economy / Kuwait

Kuwait

November 2008 | BMI View

As we move into 2009, the world is looking quite a different place, with a new US president and unprecedented financial crisis making for an interesting global backdrop. For Kuwait, the new president is unlikely to mean any substantial changes to security. With his less hawkish attitude towards Iran, Barack Obama may spark some concern over geopolitical stability in Kuwait, but we feel such fears would be unfounded, due to the weakening position of the Islamic Republic generally. The US will remain a key ally to Kuwait. The economic crisis will have a much more drastic effect: oil revenues will

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