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Kuwait Country” Global / Country Study and Report On “Kuwait Country” Submitted To (Indu Management Institute) IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF THE AWARD FOR THE DEGREE OF Master Of Business Administration Under The Guidance Of Faculty Guide Dr. Manish Vyas Submitted By Name Enrollment No Mr. Sanjay Patel 2044 Mr.JigneshPrajapati 2045 Mr.VirbhadrasinhRana 2046 Miss.UrvashiParmar 2047 Miss.Yukti Patel 2048 Mr.BhaveshSuvagiya 2049 [Batch: 2011-2013] MBA Semester III/ IV Indu Management Institute MBA Programme Affiliated To Gujarat Technological University Ahmadabad Students’ Declaration We Sanjay Patel , JigneshPrajapati, VirbhadrasinhRana, UrvashiParmar, Yukti Patel, BhaveshSuvagiya, hereby declare that the report for Global country study Report entitled “Kuwait oil TankerCompany” in Kuwait is a result of our own and our indebtedness to other work Publication, reference , if and, have been duly acknowledged. Place: Baroda Date: Signature Institute’s Certificate “Certified that this Global / Country Study And Report Titled “Kuwait country” is the bonafide work of Mr/Miss :-Sanjay Patel ,JigneshPrajapati, VirbhadraRana, UrvashiParmar, Yukti Patel, BhaveshSuvagiya who carried out the research under my supervision. I also certify future, that to the best of my knowledge the work reported herein does not form part of any other project report or dissertation on the basis of which a degree or award was conferred on an earlier occasion on this or any another candidate. Signature of Director Signature of the Faculty Guide (Dr.Manish Vyas) (Dr. Manish Vyas) Executive Summary Each country profile is designed to give a summary of that country, its economy and economic profile. It provides economic indicators, data and statistics, as well as analyses of its history, GDP, GDP growth, GDP per capita, prospects, sectors and international trading relations, imports & exports. We have more in depth sections for the larger economies. Country population figures are derived from various sources including estimates from national governments, the World Bank, the IMF, and the CIA.Census figures are therefore supplemented by data on births, deaths, immigration, emigration, school intakes, tax payers and any other data sources a government can draw on to estimate its population. Global Market Directs Kuwait Oil Tanker Refining Operation Assets Summary Report is an essential source for company data and information. The report examines company Kuwait Oil Tanker’s key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy. It provides a unique insight into the company’s major Refineries. This report covers the global refining market with information on historical and forecast capacities of refineries by country and leading companies to 2013. The report provides an in- depth analysis of refinery product types and application, operating environment based on existing government regulations and future demand trends. The report also provides analysis of trends, drivers, and challenges to the refining industry in Asia- Pacific, Europe, Middle East and Africa, North America, South and Central America. The leading players in global refining and their investment opportunities and challenges are also examined. The company analysis includes survival strategies and factors that will differentiate leading refining companies from others to 2013. Each country evolves a taxation approach to bring in revenues for the government to spend on public services. Country tax regimes are often complex affairs that include income tax, corporate tax, property tax, fuel tax, Value Added Tax (VAT) or Goods & Services Tax (GST), capital gains tax, estate or inheritance tax, and local, regional or state taxes PREFACE The Global Country Report is part of the MBA program and it is designed in such a way that student can give maximum knowledge and can get exposure to the global world in minimum time. With the respect and pleasure, we have privilege to submit our report to the kind hands of eminent examination of the Indu Management Institute. MBA is a professional course, to be an MBA student is a matter of pride because through MBA each student is prepared to hold the post of manager very confidently and we are in field which helps us to develop from normal human being into a disciplined and dedicated professional. We have heard that famous saying “God helps those who helps them salves“ and “Experience is the best teacher “the global country report on “KUWAIT” has given us sufficient knowledge to fill the gap between the theoretical and practical knowledge. ACKNOWLEDGEMENT Every work that one completes successfully stands on the constant encouragement, good will and support of the people around. I, hereby, avail this opportunity to express my heartfelt gratitude to a number of people who extended their valuable time, full support in developing this project. We convey our heartful gratitude to our college “Indu Management Institute” under Gujarat Technological University for giving us this precious opportunity to work for the real-time project. We also forward our special thanks faculty member & project guide Mr. Manish Vyas from Indu Management Institute for guiding us in this report. The valuable suggestion of the faculty member during the course of our Project work gives me the inspiration to achieve our goal. The Shape project has been taken is due to judicious guideline, encouragement & help of our guide. We own the success of the project to my Project Guide, Mr. Manish Vyas who was a tremendous supporter and an eager teacher, for providing excellent guidance for this project. He is one of the major sources behind the success of the project. INDEX SR. PARTICULARS PAGE SEMESTE NO. NO. R 1 Demographic Profile of the Kuwait Economic Overview of the Kuwait Overview of Business and Trade at International Level 9 to 28 Overview Different Economic sectors of Kuwait III Present Trade Relations and Business Volume of different Products with India/ Gujarat SWOT Analysis 2 Introduction of Kuwait Oil Tanker Company and its role in the economy of Kuwait 29 to 40 IV Structure, Functions and Business Activates of Kuwait Oil Tanker Company 3 Comparative Position of Kuwait Oil Tanker products in Kuwait with India and Gujarat 41 to 64 IV Present Position and Trend of Business ( import / export )with India / Gujarat 4 Policies and Norms of Kuwait for oil sector for import/ export including licensing / permission, taxation etc. 65 to 76 Policies and Norms of India for Import/export including licensing / permission. Taxation etc. IV 5 Potential for Import / Export in India / Gujarat Market Business Opportunities in future 77 to 87 IV Conclusion and suggestions 6 Bibliography 88 List of Tables / Graphs/ Diagrams SR. NO Tables/Graphs/ PAGE NOS. Diagrams. 1 Graph-1 26 2 Table-1 43 to 47 3 Table-2 49 to53 4 Graph-2 57 5 Graph-3 58 6 Graph-4 59 7 Graph-5 60 8 Graph-6 61 9 Graph-7 78 10 Graph-8 79 PART – I ECONOMIC OVERVIEW OF THE SELECTED COUNTRY PART – I ECONOMIC OVERVIEW OF THE SELECTED COUNTRY Demographics Profile 2012 of Kuwait Population 2,646,314 (July 2012 est.) Age structure 0-14 years: 25.8% (male 348,816 female 321,565) 15-64 years: 72.2% (male 1,153,433 female 720,392) 65 years and over: 2% (male 25,443 female 25,979) (2011 est.) Definition: This entry provides the distribution of the population according to age. Information is including by sex and age group (0-14 years, 15-64 years,65 years and over). The age structure of the population affects a nation's key socioeconomic issues. Median age Total: 28.5 years male: 29.8 years female: 26.3 years (2011, est.) Birth rate 20.96 births/1,000 population (2011 est.) Definition: This entry gives the average annual number of births during a year per 1,000 persons in the population at midyear also known as a crude birth rate. A birth rate is usually the dominant factor in determining the rate of population growth. It is depends on both the level of fertility and the age structure of the population. Death rate 2.13 deaths/1,000 population (July 2011 est.) Definition: This entry gives the average annual number of deaths during a year per 1,000 populations at midyear also known as crude death rate. A death rate whiles only a rough indicator of the mortality situation in thecountry. Accurately indicates the current mortality impact on population growth. This isindicator significantly affected by age distribution and most countries will eventually show a rise in the overall death rate. In spite of continue decline in mortality at all ages as declining fertility results in an aging population. Net migration rate 0 migrant(s) 1,000 Population (2011 est.) Urbanization Urban population: 98% of total population (2010) Rate of urbanization: 2.1% annual rate of change (2010-15 est.) Major cities - population KUWAIT (capital) 2.23 million (2009) Sex ratio At birth: 1.05 male(s) female under 15 years: 1.08 male(s) female 15-64 years: 1.6 male(s) female 65 years and over: 0.96 male(s) female total population: 1.43 male(s) female (2011est.) Infant mortality rate Total: 7.87deaths 1,000 live births (2011 est.) Male: 7.56 deaths 1,000 live births (2011 est.) Female: 8.19 deaths 1,000 live births (2011 est.) Definition: This entry gives the number of deaths of infants under one year old in a given year per 1,000 live births in a same year included is the total death rate and deaths by sex male and female. This rate is often toused as an indicator of the level of health in a country. Life expectancy at birth Total: 77.28 years Male: 76.09 years Female: 78.51 years (2011 est.) Definition: This entry contains the average number of years to be lived by a group of people born in a same year if mortality at each age remains constant in the future.
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