Report calls for financial reforms in Kuwait

Report calls for financial reforms in Kuwait

KUWAIT CITY, March 20: The Global Financial Centers Index report for 2023, issued by the National Observatory for Sustainable Development and Future Foresight of the General Secretariat of the Supreme Council for Planning and Development, called for the necessity of easing restrictions imposed on foreign ownership of companies to strengthen Kuwait’s financial position, reports Al-Anba …

<p>The post Report calls for financial reforms in Kuwait first appeared on ARAB TIMES - KUWAIT NEWS.</p>KUWAIT CITY, March 20: The Global Financial Centers Index report for 2023, issued by the National Observatory for Sustainable Development and Future Foresight of the General Secretariat of the Supreme Council for Planning and Development, called for the necessity of easing restrictions imposed on foreign ownership of companies to strengthen Kuwait’s financial position, reports Al-Anba daily. The report monitored 10 recommendations to strengthen and develop Kuwait’s financial position, which included reducing licensing procedures to ensure the improvement of the business environment and providing an integrated electronic portal to serve the financial sector and investment in the country.

The recommendations are as follows: ? Taking reform measures that support governance and the business environment to enhance competition and encourage investment. These include easing restrictions on foreign ownership of companies and improving