Editing Economy of Kuwait (section)

==Entrepreneurship==
In the past five years, there has been a significant rise in [[entrepreneurship]] and small business creation in Kuwait.<ref>{{cite news |first=Naeimah |last=Al-Kharafi |url=http://news.kuwaittimes.net/encouraging-social-entrepreneurship-kuwait-special-report/ |archive-url=https://web.archive.org/web/20141129082746/http://news.kuwaittimes.net/encouraging-social-entrepreneurship-kuwait-special-report/ |url-status=dead |archive-date=2014-11-29 |title=Encouraging social entrepreneurship in Kuwait – Special report |newspaper=Kuwait Times |date=12 October 2014}}</ref><ref>{{cite news |last=Saltzman |first=Jason |url=http://www.entrepreneur.com/article/240022 |title=Keeping Up With Kuwaiti Connection: The Startup Circuit In Kuwait Is Up And At 'Em |magazine=Entrepreneur Middle East |date=11 November 2014 |url-status=live |archive-url=https://web.archive.org/web/20141124080621/http://www.entrepreneur.com/article/240022 |archive-date=24 November 2014 }}</ref> The [[informal sector]] is also on the rise,<ref>{{cite news |first=Jamie |last=Etheridge |url=http://news.kuwaittimes.net/whats-behind-growth-kuwaits-informal-economy/ |archive-url=https://web.archive.org/web/20141129083014/http://news.kuwaittimes.net/whats-behind-growth-kuwaits-informal-economy/ |url-status=dead |archive-date=2014-11-29 |title=What's behind the growth of Kuwait's informal economy |newspaper=Kuwait Times |date=27 February 2014 }}</ref> mainly due to the popularity of Instagram businesses.<ref>{{cite news |last=Greenfield |first=Rebecca |url=http://www.thewire.com/technology/2013/07/kuwait-instagram-accounts-are-big-business/67127/ |archive-url=https://web.archive.org/web/20141129145729/http://www.thewire.com/technology/2013/07/kuwait-instagram-accounts-are-big-business/67127/ |url-status=dead |archive-date=2014-11-29 |title=In Kuwait, Instagram Accounts Are Big Business |newspaper=The Wire: News for the Atlantic |date=12 July 2013}}</ref><ref>{{cite news |last1=Kuo |first1=Lily |last2=Foxman |first2=Simone |url=http://qz.com/104499/a-rising-class-of-instagram-entrepreneurs-in-kuwait-is-selling-comics-make-up-and-sheep/ |title=A rising class of Instagram entrepreneurs in Kuwait is selling comics, makeup and sheep |work=[[Quartz (publication)|Quartz]] |date=16 July 2013 |url-status=live |archive-url=https://web.archive.org/web/20141123114438/http://qz.com/104499/a-rising-class-of-instagram-entrepreneurs-in-kuwait-is-selling-comics-make-up-and-sheep/ |archive-date=23 November 2014 }}</ref><ref>{{cite web |url=http://kottke.org/13/07/kuwaits-booming-instagram-economy |title=Kuwait's booming Instagram economy |website=kottke.org |date=12 July 2013 |url-status=live |archive-url=https://web.archive.org/web/20141129171815/http://kottke.org/13/07/kuwaits-booming-instagram-economy |archive-date=29 November 2014 }}</ref> In 2020, Kuwait ranked fourth in the MENA region in startup funding after the UAE, Egypt and Saudi Arabia.<ref>{{Cite web|title=Kuwait: Crisis Complicates Reform|work=[[Global Finance (magazine)|Global Finance]]|author=Chloe Domat|date=February 2021|url=https://www.gfmag.com/magazine/february-2021/kuwait-crisis-complicates-reform|access-date=4 April 2021|archive-date=29 May 2023|archive-url=https://web.archive.org/web/20230529150616/https://www.gfmag.com/magazine/february-2021/kuwait-crisis-complicates-reform|url-status=live}}</ref>

Many Kuwaiti entrepreneurs use the Instagram-based business model.<ref>{{cite web |first=Yara |last=al-Wazir |url=http://english.alarabiya.net/en/views/business/2014/08/23/How-Kuwaitis-are-Instagramming-a-business-revolution.html |title=How Kuwaitis are Instagramming a business revolution |website=Al Arabiya News |date=23 August 2014 |access-date=29 August 2016 |archive-date=5 August 2020 |archive-url=https://web.archive.org/web/20200805065754/https://english.alarabiya.net/en/views/business/2014/08/23/How-Kuwaitis-are-Instagramming-a-business-revolution.html |url-status=live }}</ref>