Kuwait’s economy is undergoing critical transformation as the authorities implement long-awaited reforms to develop the non-oil sector and diversify income.  The Kuwaiti economy is at a turning point. In early February, the Cabinet approved a draft budget for fiscal year 2025-2026, signaling an 11% year-over-year increase in the deficit on slightly lower revenues. The proposal, still awaiting the approval of Emir Mishal Al-Ahmad Al-Jaber Al-Sabah, comes as the Persian Gulf state grapples with