Doing Business in Kuwait (Course, Master)

Syllabus of the Online Subject- Foreign Trade and Doing Business in Kuwait.

1. Introduction to State of Kuwait (Middle East)
2. Kuwaiti Economy
3. Doing Business in Kuwait City
4. Business Opportunities in Kuwait
5. Foreign Trade of Kuwait
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. Introduction to Arabic
11. Access to the Kuwaiti market
12. Business Plan for Kuwait

Kuwaiti Businessman.

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

The objectives of the Online 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 Kuwaiti trade relations with the student's country
4. To know Kuwaiti Free Trade Agreements
5. To examine the profile of Kuwaiti Business People
6. To know the importance of Kuwaiti funds for development
7. To develop a business plan for the Kuwaiti market

Example of the Online Subject - Doing Business in Kuwait:

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Description of the Online Subject: International Trade and Business in Kuwait

The State of Kuwait:

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

Religion in Kuwait.

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

Kuwait belongs to 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 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 are 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. Kuwaiti services sector represents 34% of 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 recent years (malls)
9. Currency: 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, Korea, Australia, the European Free Trade Association (EFTA), New Zealand, Thailand, and the MERCOSUR.

1. European Union-Gulf Cooperation Council (GCC)
2. India-Gulf Cooperation Council (GCC)
3. Australia-Gulf Cooperation Council FTA
4. Trade Preferential System among the Member States of the Organisation of Islamic Cooperation (TPS-OIC)

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 Trade Organisation (WTO)
11. World Bank (WB)
12. International Monetary Fund (IMF)

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