Kuwait's economy needs to diversify because it is the most reliant on energy, the Institute of International Finance said in a new report. Tasneem Alsultan/Bloomberg
Kuwait's economy needs to diversify because it is the most reliant on energy, the Institute of International Finance said in a new report. Tasneem Alsultan/Bloomberg

Economy

Kuwait hardest hit GCC economy from oil output cuts, IIF says

The country's economy will contract 2.2 per cent this year as diversification efforts still lag

Dania Saadi

October 13, 2017