Kuwait Sector Analysis

Kuwait Telecom: Wataniya Telecom Leading the Kuwait Telecom Sector

Friday, 09 April 2010 01:02
“There is high penetration and we have 115% penetration in the Kuwait telecom sector”, recounts Scott Gegenheimer , CEO of Wataniya Telecom . Kuwaitis like to chat, whether in private or in business. A Kuwaiti without an iPhone, Blackberry or Nokia phone is like Arabia without oil, purely unimaginable. Read more... Add new comment

Kuwait Banking: Recovery of Kuwait Banking Sector

Thursday, 08 April 2010 18:51
“I think that Kuwait banking system has gone through some very difficult times, and that 2010 will still be difficult and I think the banks have to prepare for the inevitable full turn around. How long it will take, however, is anybody’s guess”, Michel Accad, CEO of Gulf Bank Read more... Comments (4)

Kuwait Islamic Banking and Finance: Future is Bright

Thursday, 08 April 2010 20:06

“Islamic banking and finance started inferior thirty years ago but started to position itself very well within the Kuwait banking and Kuwait investment industry. It dominates the GCC and MENA region and has proved that its underwriting criteria are much stronger than its peers on the conventional side,” says Abdul Aziz Al-Mazooq, CEO of Muthanna Investment Company.

“In Kuwait , we feel that we are part of the world. When there was a high demand for energy , and oil in particular, Kuwait and Kuwait Oil Company responded positively by producing the maximum in 2008. In regard to Kuwait diversification , the long term concern is there. Kuwait should seriously think about diversifying sources of income for the country.” says Sami Al-Rushaid, Chairman and Managing Director at Kuwait Oil Company
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Kuwait Liquefied Natural Gas and Nuclear Ambition

Thursday, 08 April 2010 23:04
The peaceful use of nuclear energy in particular celebrates a comeback in the Middle East. The UAE and Saudi Arabia will definitely build nuclear plants in order to stand on the same level as Iran, which is on the threshold of becoming a nuclear power. Read more... Add new comment

Kuwait Real Estate Market: One of the Most Challenging Markets in the Gulf

Thursday, 08 April 2010 23:49
The demand for middle income Kuwait real estate will remain high, according to Al Argan ’s Khaled Al-Mashaan: “We have the highest growth in population in the world and most of the population is under 25 years old (60%) so the influx of young people coming into the market will be huge for jobs and housing. “ Read more... Add new comment

Kuwait Banks Role in Kuwait Real Estate Market

Friday, 09 April 2010 00:29
While in the United Arab Emirates almost every local commercial bank is involved in real estate financing, Kuwaiti banks watched Kuwait real estate and construction sector more critically. Read more... Add new comment

Kuwait Aviation: Middle East Aviation Sector Defying the Crisis

Friday, 09 April 2010 01:32
The Middle East Aviation and Kuwait aviation sector, is different because it is fueled by oil and government spending. If you look at the per capita figures in the Middle East, you will see some of the highest rates in the world and people often spend money on Kuwait travel and tourism . Therefore, the Kuwait aviation sector performs very well. Read more... Add new comment

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Mr. Tarek Sultan, Chairman & MD of Agility

Logistics in Emerging Markets

Tarek Sultan, Chairman & Managing Director of Agility

Agility is a global logistics player with platforms in 120 countries, including the emerging markets. Particularly the Kuwaiti platform is very important to Agility because of the country`s proximity to Iraq. Thanks to its location, Kuwait is going to be a great place to do business in the close future, according to Mr. Sultan.

Education in Kuwait: American University of Kuwait (AUK)

Dr. Winfred Thompson, President of American University of Kuwait (AUK)

Dr. Winfred Thompson is giving a brief overview of the education system in Kuwait and the biggest challenges for the education in Kuwait. As a representative of higher education in Kuwait, the American University of Kuwait (AUK) offers liberal arts education in Kuwait.

KPC Projects 2012: Corporate Social Responsibility Projects

Farouk Al-Zanki, Chief Executive Officer of Kuwait Petroleum Corporation

Corporate social responsibility is a part of KPC's strategic issues as a national company. Environmental protection is a priority for KPC. Mr. Al-Zanki shortly talks about KPC's projects in the area of corporate social responsibility for 2012.

Gulf Bank of Kuwait: 2nd Largest Bank in Kuwait

Michel Accad, CEO of Gulf Bank

Our ambition is to be a dominant player in the local retail and commercial banking space. Being a dominant player means you really need to have something like a 15% market share. Today, we are far from that; we're in the range of 11 or 12% depending on the specific product.

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“I think that Kuwait banking system has gone through some very difficult times, and that 2010 will still be difficult and I think the banks have to prepare for the inevitable full turn around. How long it will take, however, is anybody’s guess”, Michel Accad, CEO of Gulf Bank

The peaceful use of nuclear energy in particular celebrates a comeback in the Middle East. The UAE and Saudi Arabia will definitely build nuclear plants in order to stand on the same level as Iran, which is on the threshold of becoming a nuclear power.

While in the United Arab Emirates almost every local commercial bank is involved in real estate financing, Kuwaiti banks watched Kuwait real estate and construction sector more critically.

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