KUWAIT: Kuwait’s economy is projected to grow by 2.5 percent in 2025-2026, driven by oil production and high oil prices, according to the World Bank’s latest economic outlook. The projections were highlighted during a Ramadan Ghabga hosted by the World Bank in Kuwait, where economic discussions intertwined with the country’s rich cultural traditions.

Ziad Nakat, the World Bank’s Residence Representative in Kuwait, emphasized the institution’s commitment to engaging with local stakeholders while celebrating the holy month. “Ramadan in Kuwait is very special,” he said. “We wanted to be part of this tradition and to host all the great crowd who joined us tonight to celebrate.”

Nakat also mentioned that the World Bank’s upcoming quarterly economic report, set for release in the coming weeks, will provide further details on Kuwait’s financial trajectory and key economic indicators. Beyond economic discussions, the Ghabga gathering served as an opportunity to foster relationships and strengthen ties with Kuwaiti officials, professionals, and community members.