Newsroom

Nestling at the top of the Gulf …… Kuwait

By Gadah Abu Kwick - International Relation Specialist , Alriyada Collection Company /TCM Kuwait | Jul 15, 2020

The state of Kuwait is a country in Western Asia, it borders Iraq to the north and Saudi Arabia to the South, Kuwait has a population of 4.5 million people: 1.3 million are Kuwaitis and 3.2 million are expatriates.

Kuwait is a petroleum-based economy. Petroleum is the main export product and represents 90% of government income, non-petroleum industries include financial services.

Kuwait has one of the largest shipping industries in the region. The Kuwait Ports Public Authority manages and operates ports across Kuwait.

The country’s principal commercial seaports are Shuwaikh and Shuaiba, which handled combined cargo of 753,334 TEU in 2006. Mina Al-Ahmadi, the largest port in the country, handles most of Kuwait’s oil exports.

In the past five years, there has been a significant rise in entrepreneurship and small business start-ups in Kuwait. The informal sector is also on the rise, mainly due to the popularity of Instagram businesses.

Tourism accounts for 1.5 percent of the GDP, in 2016, the tourism industry generated nearly $500 million in revenue.

The annual “Hala Febrayer” festival attracts many tourists from neighbouring GCC countries and includes a variety of events including music concerts, parades, and carnivals. The festival is a month-long commemoration of the liberation of Kuwait and runs from 1 to 28 February. Liberation Day itself is celebrated on 26 February.


TCM Group Global Debt Collection
Gadah Abu Kwick - International Relation Specialist
Alriyada Collection Company /TCM Kuwait

Recent NEWS

How your unpaid receivables travel across countries
By Shaun Duncan, CEO TCM Group International | Jan 20, 2021
What about the health of your business partners?
By Etienne van der Vaeren, TCM Belgium | Dec 01, 2020
Debt Recovery Update A Curve Flattened?
By Jason Harte - Partner, Head of Debt Recovery, Mason Hayes & Curran/TCM Ireland | Oct 05, 2020
Impact of COVID-19 on the French economy
By Julien Proust - Chief Business Development Officer, Order To Cash/TCM France | Sep 29, 2020
UNPAID INVOICES DURING A PANDEMIC
By By Etienne van der Vaeren , CEO, TCM Belgium | Sep 21, 2020
INSOLVENCY IN POLAND – PRACTICAL TUTORIAL
By Hubert Czapiński - CEO, Debtus/TCM Poland | Sep 15, 2020
EXEQUATOR (EXEQUATUR)
By Andreea Taralunga Law Office/TCM Romania | Sep 04, 2020
How debt collection works in the UK
By Pierre Haincourt, Credit Limits International/TCM UK | Aug 24, 2020
Understanding the Australian legal system in a few words
By Graham Lacey, Upper Class Collections/TCM Australia | Aug 10, 2020
The end of Quarantine in Lithuania
By Kristina Panačiova, International Debt Collection Manager, CCS Customers Care Services/TCM Lithuania | Jul 27, 2020
More News