Business in Kuwait

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Syllabus of the Subject- Foreign Trade and Doing Business in Kuwait (Course, Master).

1. Introduction to the State of Kuwait (Middle East)
2. Kuwaiti Economy
3. Doing Business in Kuwait City
4. Business Opportunities in Kuwait
5. Foreign Trade of Kuwait
   1. Access to the China-Pakistan Economic Corridor
6. Foreign Direct Investment (FDI) in Kuwait
7. Case Study: Kuwaiti Petroleum industry diversification
8. Arab Fund for Economic and Social Development
9. Kuwait Fund for Arab Economic Development
10. Access to the Kuwaiti market
11. Business Plan for Kuwait

Kuwaiti Businessman.

1. Nasser Al Kharafi
2. Shaikha Al Bahar
3. Jawad Ahmed Bukhamseen
4. Maha Al-Ghunaim

Kuwaiti Preferential Access and Free Trade Agreements

1. Kuwait and the Arab Economic Area
2. Gulf Cooperation Council (GCC)
   1. European Union-Gulf Cooperation Council (GCC)
   2. India-Gulf Cooperation Council (GCC)
   3. Australia-Gulf Cooperation Council FTA
   4. Free Trade Agreements (as a member of the Gulf Cooperation Council (GCC) with China, South Korea, Australia, the European Free Trade Association (EFTA), New Zealand, Thailand, and the MERCOSUR.
3. Trade Preferential System among the Member States of the Organisation of Islamic Cooperation (TPS-OIC)

The objectives of the Subject “Foreign Trade and Business in the State of Kuwait” are the following:

1. To analyse the Kuwaiti economy and foreign trade
2. To know the business opportunities in the State of Kuwait
3. To explore the Kuwaiti trade relations with the country of the student
4. To know the Kuwaiti Free Trade Agreements
5. To examine the profile of Kuwaiti Businesspeople
6. To know the importance of the Kuwaiti funds for development
7. To develop a business plan for the Kuwaiti market

Example of the Subject - Doing Business in Kuwait:

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Description of the Subject: International Trade and Business in Kuwait

The State of Kuwait:

1. The most populated Kuwaiti region is the capital, Kuwait City
   1. Besides being the economic and commercial centre of Kuwait, Kuwait City is a major oil and petroleum products production port
2. Borders of Kuwait: Iraq and Saudi Arabia
3. Population of Kuwait: 4 million people
4. Area of Kuwait: 17,820 square kilometres
5. Kuwaiti official language: Arabic
6. Abolition of Slavery in Kuwait: 1949
7. Independence from the United Kingdom: 1961

Religion in Kuwait.

1. Islam Sunni is the main religion of Kuwait
2. The main school of Islamic Jurisprudence is Maliki

Kuwait belongs to the Arab Economic Area (Islamic Civilisation).

Economy of Kuwait.

1. Kuwaiti economy is as small, wealthy, and open (GDP was 149,000 dollars)
2. The vast petroleum reserves are the pillar of the Kuwaiti economy (petroleum and its derivatives generate 95% of the exports of the State of Kuwait)
3. The State of Kuwait produces an average of 2.6 million barrels a day
4. Proven natural gas reserves of the State of Kuwait: 1% of the world reserves
5. In the non-petrol sector, the main activities are desalination, food processing, building materials, plastics, cement, and metal products
6. The Kuwaiti services sector represents 34% of the GDP.
7. The Kuwait Stock Exchange is the third largest in the Middle East (behind Egypt and Saudi Arabia)
8. Commercial distribution sector has grown significantly in the recent years (malls)
9. Currency of Kuwait: Kuwaiti Dinar (KWD)

Foreign Trade of Kuwait

1. The main products of the Kuwaiti exports are petroleum, oil products and fertilizers
2. The main Kuwaiti export destination are Japan 19.9%, South Korea 17%, Taiwan 11.2%, Singapore 9.9%, U.S. 8.4%, the Netherlands 4.8%, and China 4.4%
3. The main products imported from the State of Kuwait products are food, building materials, cars and parts, and clothes
4. The main origins of the Kuwaiti imports are the U.S. (12.7%), Japan (8.5%), Germany (7.3%), China (6.8%), South Korea, Saudi Arabia, Italy, and the United Kingdom

Kuwait has Free Trade Agreements (FTA) as a member of the Gulf Cooperation Council (GCC) with China, South Korea, Australia, the European Free Trade Association (EFTA), New Zealand, Thailand, and the MERCOSUR.

Regional Economic Institutions (Kuwait).

1. Arab League
2. Summit of South American-Arab Countries (ASPA)
3. Asia-Middle East Dialogue (AMED)
4. Islamic Development Bank
5. Economic and Social Commission for Western Asia (ESCWA)
6. Organisation of Islamic Cooperation (OIC)
7. Arab Gulf Programme for United Nations Development Organisations (AGFUND)
8. Asia Cooperation Dialogue (ACD)
9. United Nations (UN)
10. World Bank (WB)
11. World Trade Organisation (WTO)
12. International Monetary Fund (IMF)

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