Executive Summary
Kuwait outperformed other GCC markets in January 2025, with strong stock market performance driven by optimism over the new government’s project spending initiatives. This resilience highlights the evolving equity market landscape in Kuwait. The GCC banking sector remains fragmented, featuring a few giants and several smaller players. In 2025, the consolidation outlook has gained traction as banks pursue scale and competitiveness. “With Trump’s policies expected to strengthen the U.S. Dollar, the impact on GCC economies is significant, as stable markets with low currency risk become increasingly attractive to fund managers.”
