«Finance» prepared a document designed to make a positive trade shock to contribute to drive growth
A major economic boom soon ..
Hussam Rajab, Rania Wehbe
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Revealed government documents obtained by the official day for the government to bring about a positive trend soon , an economic shock, aimed at giving a boost to the slow economic growth and keep pace with an expected economic revolutions in the Arab region. (See p . 9)
and explained the documents that the Ministry of Finance planned during the last period to make a commercial breakthrough deep through Refresher series of measures including:
1 - the development of the local capital market through activation of new investment tools and licensing theestablishment and management of specialized exchanges to attract Gulf and international companies and inviting financial intermediation regional and international companies to open offices in Kuwait and to increase thenumber of clearing firms and encourage competition among them.
2 - promote competition and allow foreign banks operating in Kuwait to provide personal finance services and theopening of opportunities to compete in foreign markets , according to the principle of reciprocity, and also thedeepening of financial services to include mortgage services after amending laws.
3 - business development environment where the stakeholders finally to adopt many of the policies that promote attracting investors through unremitting efforts to streamline the company registration mechanism and reducing the time it takes to accomplish.
4 - simplify the passage and the flow of goods across the border and increasing electronic services trade - related procedures.