10-Jan-18, World Finance
As Gulf states adjust to the post-petroleum era, Kuwait in particular is making diversification an absolute priority. The petroleum sector accounts for more than half of the nation's GDP and the vast majority of its export revenues. Dependence on these vast oil reserves means the Gulf state is vulnerable to volatility in the crude market.
%20World%20Finance.jpg "Gulf Bank driving new era of growth in Kuwait (c) World Finance")
Image: World Finance
New technologies have begun to change the face of the Kuwaiti financial services industry, with the nation’s youthful population demanding digital banking services and financial institutions coming under increased pressure to adapt to their clients' rapidly evolving tastes.
Amid a wave of digital products now flooding the Kuwaiti market, Gulf Bank has established itself as the national leader in innovation, with groundbreaking biometric face recognition technology and numerous e-payment systems.