chapter  4
16 Pages

3 The Financial Markets of Kuwait

Holding 7% of the world’s oil reserves and a citizen population less than that of Dallas, Texas, Kuwait finds itself comfortably existing among the world’s ultra-rich rentier states.1 Yet, despite holding hydrocarbon reserves similar to Abu Dhabi, by most measures the Kuwaiti economy is relatively undiversified and underdeveloped compared to its regional peers.