Kuwait Report https://www.marcopolis.net/kuwait-report/ Sun, 16 Jun 2019 04:11:38 +0000 Joomla! - Open Source Content Management en-gb info@marcopolis.net (Marcopolis) Kuwait is Prioritizing Youth Development - Exclusive Interview with Dr Yousef Al-Ibrahim (Al Diwan Al Amiri) https://www.marcopolis.net/kuwait-is-prioritizing-youth-development-exclusive-interview-with-dr-yousef-al-ibrahim-al-diwan-al-amiri.htm https://www.marcopolis.net/kuwait-is-prioritizing-youth-development-exclusive-interview-with-dr-yousef-al-ibrahim-al-diwan-al-amiri.htm

"With the vision of His Highness the Emir, quite a long time ago Kuwait started to pay a lot of attention to the youth and tried to help them get on the path to be a positive power in society instead of a destructive power in society. Mainly through the Amiri Diwan, we started to be catalysts for many projects."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Mon, 03 Apr 2017 07:33:32 +0000
Commercial Bank of Kuwait: Al-Najma Account Offers the Biggest Draw Prize in the World for KD 1,500,000 https://www.marcopolis.net/commercial-bank-of-kuwait-al-najma-account-offers-the-biggest-draw-prize-in-the-world-for-kd-1-500-000.htm https://www.marcopolis.net/commercial-bank-of-kuwait-al-najma-account-offers-the-biggest-draw-prize-in-the-world-for-kd-1-500-000.htm Commercial Bank of Kuwait: Al-Najma Account Offers the Biggest Draw Prize in the World for KD 1,500,000

Commercial Bank of Kuwait announced the launch of the 2018 revamped prize scheme of Al-Najma Account by adding several benefits to the prizes of Al-Najma Account which now provides its customers the chance to win the biggest annual cash prize offered by a bank in Kuwait and over the globe as much as 1 million and half Kuwaiti dinar (1,500,000) so that customers’ dreams can easily turn to reality.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Wed, 04 Apr 2018 03:27:02 +0000
Kuwait Financial Outlook 2017 by Bader Al Humaidhi: "Kuwait May Have Budget Deficit beyond 2025" https://www.marcopolis.net/kuwait-financial-outlook-2017-by-bader-al-humaidhi-kuwait-may-have-budget-deficit-beyond-2025.htm https://www.marcopolis.net/kuwait-financial-outlook-2017-by-bader-al-humaidhi-kuwait-may-have-budget-deficit-beyond-2025.htm

"Corruption is rife, Kuwait jumped up 20 places in the ranking for corruption. Unfortunately up to now, democracy has not been helping the development of Kuwait as it used to in the 60s, 70s and partially in the 80s."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Sun, 19 Feb 2017 11:27:06 +0000
Kuwait's Leading Contracting Company is Executing Major Projects in Oil and Gas https://www.marcopolis.net/kuwait-s-leading-contracting-company-is-executing-major-projects-in-oil-and-gas.htm https://www.marcopolis.net/kuwait-s-leading-contracting-company-is-executing-major-projects-in-oil-and-gas.htm

"Our target would be to secure more projects in the oil and gas sector because that’s our main ball game as well as securing more projects in infrastructure and expanding when it comes to maintenance contracts, which is of great interest to us."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Mon, 20 Mar 2017 06:23:32 +0000
Kuwait Investment Authority (KIA) https://www.marcopolis.net/kuwait-investment-authority-kia.htm https://www.marcopolis.net/kuwait-investment-authority-kia.htm

The largest company by assets is no other than Kuwait’s largest sovereign wealth fund—Kuwait Investment Authority (KIA).

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Fri, 24 Mar 2017 10:02:11 +0000
Most Powerful Business Leaders in Kuwait https://www.marcopolis.net/most-powerful-business-leaders-in-kuwait.htm https://www.marcopolis.net/most-powerful-business-leaders-in-kuwait.htm

The Top 10 list of the most powerful business leaders in Kuwait is compiled and updated bi-annually by the MarcoPolis research team. The numerical rankings take into account the accumulated wealth of each of these business personalities. The Top 10 list is led by Bassam Alghanim, followed by his brother Kutayba Alghanim and Fawzi Al Kharafi.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Sat, 25 Mar 2017 16:43:31 +0000
Bassam Alghanim https://www.marcopolis.net/bassam-alghanim.htm https://www.marcopolis.net/bassam-alghanim.htm

Bassam Alghanim’s wealth comes from assets inherited from his father’s conglomerate Alghanim Industries as well as his stake in Gulf Bank.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Sat, 25 Mar 2017 17:49:43 +0000
A Leading Engineering Construction Company in Kuwait: HOT Engineering Co. https://www.marcopolis.net/a-leading-engineering-construction-company-in-kuwait-hot-engineering-co.htm https://www.marcopolis.net/a-leading-engineering-construction-company-in-kuwait-hot-engineering-co.htm HOT Engineering & Construction Co.

HOT Engineering & Construction Co. (HOTECC; HOT Engineering) is one of the biggest multi-disciplined Engineering Construction & Maintenance companies for Oil & Gas/Industrial, Civil Infrastructure Construction, Building Construction, Heavy Equipment Rental Projects, and Non-Destructive Testing Services in the State of Kuwait.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Thu, 20 Apr 2017 11:08:23 +0000
Leading Oil & Gas Construction Company in Kuwait: HOT Engineering & Construction Co. https://www.marcopolis.net/leading-oil-gas-construction-company-in-kuwait-hot-engineering-construction-co.htm https://www.marcopolis.net/leading-oil-gas-construction-company-in-kuwait-hot-engineering-construction-co.htm

HOT Engineering Co. used to be the pioneer in contracting, specifically in oil and gas. The current vision of the company is to regain that position as many contractors have left the market. HOT Engineering's CEO thinks it is their chance to once again be among the leaders and to be recognized in Kuwait.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Wed, 26 Apr 2017 06:25:19 +0000
ACK is the only private higher education institution in Kuwait to receive the ISO 9001:2015 certification https://www.marcopolis.net/ack-is-the-only-private-higher-education-institution-in-kuwait-to-receive-the-iso-9001-2015-certification.htm https://www.marcopolis.net/ack-is-the-only-private-higher-education-institution-in-kuwait-to-receive-the-iso-9001-2015-certification.htm Australian College of Kuwait (ACK) Achieved the New Version of ISO 9001:2015 Certification

As part of ACK’s commitment to providing quality higher education and training, the college is proud to announce that it has been awarded ISO 9001:2015 Certification.

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scherzando@marcopolis.net (Scherzando Blaise Karasu) Kuwait Report Tue, 16 Jan 2018 14:12:16 +0000
Changing the Health and Fitness Landscape in Kuwait: ALARGAN's Latest Projects https://www.marcopolis.net/changing-the-health-and-fitness-landscape-in-kuwait-alargan-s-latest-projects.htm https://www.marcopolis.net/changing-the-health-and-fitness-landscape-in-kuwait-alargan-s-latest-projects.htm

"We should go as far as bringing in classes to educate children about the importance of healthy eating and exercise. Last year, we have also brought to attention that education starts at home, which makes it crucial to educate parents..."

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Sat, 27 Jan 2018 14:01:24 +0000
Top 10 Companies in Kuwait | Most Important Companies in Kuwait https://www.marcopolis.net/top-10-companies-in-kuwait-companies-in-kuwait.htm https://www.marcopolis.net/top-10-companies-in-kuwait-companies-in-kuwait.htm top 10 companies in Kuwait

The Top 10 list of the largest companies in Kuwait is compiled and updated bi-annually by the MarcoPolis research team. The numerical rankings are calculated by assets from each company’s 2016 annual reports. The Top 10 list is topped by Kuwait Investment Authority (KIA), which accumulated 592bn USD in assets as of 2016, followed by Kuwait Petroleum Corporation (KPC); ranking #12 and #15, respectively, in Forbes' Top 100 Companies in the Arab World list for 2016.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Mon, 13 Feb 2012 13:45:37 +0000
Michel Accad - Biography https://www.marcopolis.net/michel-accad-biography.htm https://www.marcopolis.net/michel-accad-biography.htm Michel Accad Biography

Michel Accad: Biography

As of 2014, Michel Accad acts as the Chief General Manager & CEO of Al Ahli Bank of Kuwait.

Michel Accad is a former Chief Executive Officer & Chief General Manager of Gulf Bank.

Prior to joining Gulf Bank, from 2006 to 2009, Michel was the Assistant CEO of Arab Bank PLC, with direct responsibility over all banking businesses globally, and served on the Group's various Boards.

More information

Interview

Company Profile

Videos:
Lending Opportunities for Kuwait's Banking Sector
Kuwait: Banking Sector in 2012-2013
Competition in Kuwait's Banking Sector
Corporate Banking in Kuwait
Differentiation of Gulf Bank in Kuwait
Gulf Bank's Governance
Gulf Bank's Performance in 2012
Gulf Bank's Strategy
Retail Banking in Kuwait
Project Finance and Kuwait's Development Plan

Before moving to Arab Bank, Michel Accad had spent 27 years with Citigroup, which he joined in 1979. His last position with Citigroup, from 2002 to 2006, was as MD and Division Executive for the Middle East and North Africa region.

Michel Accad has an MBA Honors from the University of Texas in Austin, obtained in 1978.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 03 Aug 2012 00:00:00 +0000
Kuwait Petroleum Corporation https://www.marcopolis.net/kuwait-petroleum-corporation.htm https://www.marcopolis.net/kuwait-petroleum-corporation.htm

With assets exceeding 110 billion US dollars, KPC is the largest corporation in Kuwait and one of world's largest corporation by revenues, larger than Deutsche Telecom, BMW, HSBC, Petronas, BHP Billiton, Microsoft, Boeing, Pfizer, Goldman Sachs, Lockheed Martin etc.

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test@gmail.com (Super User) Kuwait Report Fri, 05 Dec 2014 14:00:32 +0000
Kuwait Fund for Arab Economic Development: Over 55 Years of Changing Lives of the Poorest and Least Developed https://www.marcopolis.net/kuwait-fund-for-arab-economic-development-over-55-years-of-changing-lives-of-the-poorest-and-least-developed.htm https://www.marcopolis.net/kuwait-fund-for-arab-economic-development-over-55-years-of-changing-lives-of-the-poorest-and-least-developed.htm

"55 years is a long time... we started with Arab countries and then moved on to non-Arab countries in Africa and Asia. You know what happened with the Arab Spring in different countries such as Syria, amongst others, where Kuwait Fund started with developmental aid, particularly in terms of building physical projects to enhance the economies of countries that we support."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Thu, 23 Feb 2017 06:54:56 +0000
Experiential Learning at Australian College of Kuwait (ACK), the Pioneers of Education in Kuwait https://www.marcopolis.net/experiential-learning-at-australian-college-of-kuwait-ack-the-pioneers-of-education-in-kuwait.htm https://www.marcopolis.net/experiential-learning-at-australian-college-of-kuwait-ack-the-pioneers-of-education-in-kuwait.htm

"Education at ACK aims to enhance the potential of employability of our graduates; be it self-employment or otherwise. We invite companies to review and comment on our curriculum, so as to tell us what they want in terms of attributes and values from our graduates."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Mon, 06 Mar 2017 08:18:40 +0000
Largest Logistics Company in the Middle East - Exclusive Interview with Agility https://www.marcopolis.net/largest-logistics-company-in-the-middle-east-exclusive-interview-with-agility.htm https://www.marcopolis.net/largest-logistics-company-in-the-middle-east-exclusive-interview-with-agility.htm

"We do business in over 100 countries, with a strong presence in emerging markets. We are growing by the day. In addition to being the largest logistics company in the Middle East and a heavy-weight in Asia; we are now in 20 countries in Africa."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Tue, 07 Mar 2017 10:35:49 +0000
Kuwait Financial Outlook: Is Kuwait Prone to Become a Financial Centre? https://www.marcopolis.net/kuwait-financial-outlook-2017-is-kuwait-prone-to-become-a-financial-centre.htm https://www.marcopolis.net/kuwait-financial-outlook-2017-is-kuwait-prone-to-become-a-financial-centre.htm Kuwait Financial Outlook 2017: Is Kuwait Prone to Become a Financial Centre?

So whilst the effects of declining oil revenues have been considerable, Kuwait, which boasts large fiscal reserves accumulated over the past few decades, has been able to stave off the precipitous corrections that have hit some other petro-states in recent years.

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scherzando@marcopolis.net (Scherzando Blaise Karasu) Kuwait Report Wed, 08 Mar 2017 16:25:35 +0000
Overview of Major Projects in Kuwait: Clean Fuels Project, New Refinery Project and LNGI Import Facility Project https://www.marcopolis.net/overview-of-major-projects-in-kuwait-clean-fuels-project-new-refinery-project-and-lngi-import-facility-project.htm https://www.marcopolis.net/overview-of-major-projects-in-kuwait-clean-fuels-project-new-refinery-project-and-lngi-import-facility-project.htm Overview of Major Projects in Kuwait: Clean Fuels Project, New Refinery Project and LNGI Import Facility Project"If you look at Kuwait and the market in general in the last 3 years you can distinguish three major projects that were tendered and awarded and that are in the execution phase," explains Jad H. Mekkaoui, Business Development & Contracts Manager of Al-Kazemi Group.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Tue, 14 Mar 2017 16:23:36 +0000
Best Liberal Arts Degree Programs in Kuwait - at American University of Kuwait (AUK) https://www.marcopolis.net/best-liberal-arts-degree-programs-in-kuwait-at-american-university-of-kuwait-auk.htm https://www.marcopolis.net/best-liberal-arts-degree-programs-in-kuwait-at-american-university-of-kuwait-auk.htm

"We will focus on interdisciplinary cooperation and interdisciplinary ideas. It is hard to see in advance what the result will be, but that is part of the excitement. Right now, we have fourteen degree programs."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Wed, 15 Mar 2017 11:39:11 +0000
Best Premier Banking Services in Kuwait - by Commercial Bank of Kuwait (CBK) https://www.marcopolis.net/best-premier-banking-services-in-kuwait-by-commercial-bank-of-kuwait-cbk.htm https://www.marcopolis.net/best-premier-banking-services-in-kuwait-by-commercial-bank-of-kuwait-cbk.htm

"Our strategy for 2017 and 2018 centers on the retail customer, the corporate customer, banks, our business with international institutions, our stakeholders and shareholders. They are all my customers. This is the number one priority for me, my staff, and the management."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Sun, 19 Mar 2017 17:34:31 +0000
Kuwait’s GDP Growth, Budget Deficit, and Oil Prices in 2017 https://www.marcopolis.net/kuwait-s-gdp-growth-budget-deficit-and-oil-prices-in-2017.htm https://www.marcopolis.net/kuwait-s-gdp-growth-budget-deficit-and-oil-prices-in-2017.htm Kuwait’s GDP Growth, Budget Deficit, and Oil Prices in 2017"I have a friend who is a specialist in oil, he said to me “if you ask me tomorrow what would be the price of oil, I would not judge it”. In the past, if you remember, the oil prices in a week or even a month could go up or down by 50 cents or maximum by a US dollar, but now they can drop or rise by one US dollar or by three," says Bader Al Humaidhi, Former Minister of Finance.

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Kuwait Report Tue, 21 Mar 2017 13:56:51 +0000
Kutayba Alghanim https://www.marcopolis.net/kutayba-alghanim.htm https://www.marcopolis.net/kutayba-alghanim.htm

The brother of Bassam Alghanim also owes his wealth to his inheritance from his father, including his share in Alghanim Industries and a stake in Gulf Bank.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Sat, 25 Mar 2017 17:56:25 +0000
Kuwait Finance and Investment Company (KFIC), a Well-Established Asset Manager in Kuwait https://www.marcopolis.net/kuwait-finance-and-investment-company-kfic-a-well-established-asset-manager-in-kuwait.htm https://www.marcopolis.net/kuwait-finance-and-investment-company-kfic-a-well-established-asset-manager-in-kuwait.htm

Kuwait Finance and Investment Company (KFIC) is providing portfolios and fund management and currently manages approximately USD 1 billion of assets and funds. KFIC also offers investment banking services and unique structured products that fit clients’ risk appetite.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Thu, 30 Mar 2017 04:55:41 +0000
Mezzan Holding, Leading Food Manufacturer and Distributor in the GCC https://www.marcopolis.net/mezzan-holding-leading-food-manufacturer-and-distributor-in-the-gcc.htm https://www.marcopolis.net/mezzan-holding-leading-food-manufacturer-and-distributor-in-the-gcc.htm

Mezzan Holding's key strength is in food manufacturing and distribution. Mezzan's current focus is on strengthening their food manufacturing and distribution footprint in the GCC.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Sun, 02 Apr 2017 10:01:30 +0000
Premium Office Space in Kuwait City - Al Hamra Real Estate Company https://www.marcopolis.net/premium-office-space-in-kuwait-city-al-hamra-real-estate-company.htm https://www.marcopolis.net/premium-office-space-in-kuwait-city-al-hamra-real-estate-company.htm

"Our vision is to make Al Hamra Real Estate Company one of the leading regional companies within the commercial real estate sector through the current offering that we have or by going into new ventures where we can replicate this iconic experience somewhere else."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Thu, 13 Apr 2017 09:12:52 +0000
Al-Yousifi Group Steps into Kuwait's Construction Projects, Providing Air Conditioning and Firefighting https://www.marcopolis.net/al-yousifi-group-steps-into-kuwait-s-construction-projects-providing-air-conditioning-and-firefighting.htm https://www.marcopolis.net/al-yousifi-group-steps-into-kuwait-s-construction-projects-providing-air-conditioning-and-firefighting.htm

Al-Yousifi Group would like to push the air conditioning and firefighting sector as there is a large market for construction in Kuwait.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Thu, 13 Apr 2017 09:41:38 +0000
Inspirational Nouf Almutawa Shares the Success Story of Kuwait's Chocolate Bar, Which is Set to Open Its 7th Branch https://www.marcopolis.net/inspirational-nouf-almutawa-shares-the-success-story-of-kuwait-s-chocolate-bar-which-is-set-to-open-its-7th-branch.htm https://www.marcopolis.net/inspirational-nouf-almutawa-shares-the-success-story-of-kuwait-s-chocolate-bar-which-is-set-to-open-its-7th-branch.htm

"Chocolate Bar is a café that serves all kinds of chocolate drinks and chocolate desserts. Everything is made fresh every day. It came out of a passion of mine and of my partner’s; we are both females and we both love chocolate! Who doesn’t love chocolate?!"

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Thu, 13 Apr 2017 11:08:19 +0000
Top Infrastructure Construction Company in Kuwait Is Constructing the Third Runway for Kuwait Airport https://www.marcopolis.net/top-infrastructure-construction-company-in-kuwait-is-constructing-the-third-runway-for-kuwait-airport.htm https://www.marcopolis.net/top-infrastructure-construction-company-in-kuwait-is-constructing-the-third-runway-for-kuwait-airport.htm

"We are very proud to participate in the new refinery project. In other fields, like infrastructure, we signed a contract with the General Department of Civil Aviation to construct the Third Runway for Kuwait Airport."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Tue, 25 Apr 2017 13:17:52 +0000
Kuwait’s Banking Sector in 2017 – Overview and Forecasts by Commercial Bank of Kuwait (CBK) https://www.marcopolis.net/kuwait-s-banking-sector-in-2017-overview-and-forecasts-by-commercial-bank-of-kuwait-cbk.htm https://www.marcopolis.net/kuwait-s-banking-sector-in-2017-overview-and-forecasts-by-commercial-bank-of-kuwait-cbk.htm Kuwait’s Banking Sector in 2017 – Overview and Forecasts by Commercial Bank of Kuwait (CBK)"At the beginning of 2016, the management predicted that it would be a tough year. We knew it would be very difficult for us to achieve our targets. Our budget would have to be conservative. We have been watching the figures every month and every quarter, as well as the developments in the sector. 2016 was a very good year for us," says Elham Mahfouz, CEO of Commercial Bank of Kuwait (CBK).

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Kuwait Report Mon, 01 May 2017 07:11:34 +0000
Kuwaiti Culture of Entrepreneurship: Young Kuwaitis are Coming Back to Traditional Entrepreneurship https://www.marcopolis.net/kuwaiti-culture-of-entrepreneurship-young-kuwaitis-are-coming-back-to-traditional-entrepreneurship.htm https://www.marcopolis.net/kuwaiti-culture-of-entrepreneurship-young-kuwaitis-are-coming-back-to-traditional-entrepreneurship.htm Kuwaiti Culture of Entrepreneurship: Young Kuwaitis are Coming Back to Traditional Entrepreneurship"The Kuwaiti culture has had entrepreneurs for hundreds of years. My grandfather, great grandfather, and father were all entrepreneurs," says Mohammed Jaffar, Deputy Chairman & CEO of Faith Capital Holding, Board Member in Kuwait London Company.

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Kuwait Report Wed, 03 May 2017 08:46:19 +0000
Australian College of Kuwait (ACK) “Goes Pink” to Support Breast Cancer Awareness Month in Kuwait https://www.marcopolis.net/australian-college-of-kuwait-ack-goes-pink-to-support-breast-cancer-awareness-month-in-kuwait.htm https://www.marcopolis.net/australian-college-of-kuwait-ack-goes-pink-to-support-breast-cancer-awareness-month-in-kuwait.htm Australian College of Kuwait (ACK) “Goes Pink” to Support Breast Cancer Awareness Month in Kuwait

The latest of ACK's CSR efforts includes promoting breast cancer awareness throughout the month of October, the "Breast Cancer Awareness Month".

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Thu, 26 Oct 2017 11:08:20 +0000
GCC Equity Markets October 2017 Review by Kuwait Finance and Investment Company (KFIC) https://www.marcopolis.net/gcc-equity-markets-october-2017-review-by-kuwait-finance-and-investment-company-kfic.htm https://www.marcopolis.net/gcc-equity-markets-october-2017-review-by-kuwait-finance-and-investment-company-kfic.htm GCC Equity Markets October 2017 Review by Kuwait Finance and Investment Company (KFIC)

According to the Equity Markets October 2017 Review by Kuwait Finance and Investment Company (KFIC), GCC equities, as measured by the MSCI GCC IMI Index declined by -2.7% MTD. UAE’s DFM Index was the top performing regional index, followed by Abu Dhabi’s ADSM Index. Kuwait’s Weighted Index fell by -2.5% with negative performance coming from Consumer goods -9.2%, Telecom -7.9% and positive gains came from Oil & Gas +1.4%.

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scherzando@marcopolis.net (Scherzando Blaise Karasu) Kuwait Report Tue, 07 Nov 2017 11:26:51 +0000
Kuwait Top Banks https://www.marcopolis.net/kuwait-top-banks.htm https://www.marcopolis.net/kuwait-top-banks.htm Marcopolis.net has been ranking the top banks in Kuwait since 2010, regularly updating the list according to the latest available Kuwait’s banking sector data. Which bank is Kuwait's biggest Bank? Which one is the best bank in Kuwait? The following list ranks Kuwait's top banks by assets. Traditionally, the largest bank in Kuwait is NBK, followed by Gulf Bank and Al Ahli Bank of Kuwait. View our latest ranking of banks in Kuwait.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 24 Apr 2014 18:22:00 +0000
Walid Al-Hashash - Biography https://www.marcopolis.net/walid-al-hashash-biography.htm https://www.marcopolis.net/walid-al-hashash-biography.htm Walid Al-Hashash Biography

Walid Al-Hashash: Biography

Waleed Al Hashash is chairman of the board of Kuwait’s AREF Energy Holding Company. Born in Kuwait, he received his undergraduate education at Farleigh Dickenson University, New Jersey, USA, graduating in 1985 with a bachelor of science in industrial engineering. From 1985 to 1990, he served as an electrical engineer designing electrical and telecommunications work for projects owned by Kuwait Municipality, while also pursuing graduate studies. In 1990, he received a masters of science in industrial engineering from the University of Miami in Florida.

From 1990 to 2007, Hashash worked at Kuwait Petroleum Corporation (KPC) in the commercial oil trade, most recently as deputy managing director of marketing. In that role Hashash was responsible for crude oil sales, managing regional offices in the US and Japan, and holding a portfolio of approximjately US $2.7 billion. Hashash was also in charge of jet fuel, bunker and diesel sales, and IT services, with three regional offices in Singapore, India, and Pakistan, and a portfolio of US $12 billion per year.

More information

Interview

Company Profile

Videos:
Kuwait Oil and Gas Production: 2020 Vision to Produce 4 million Barrels of Oil
Kuwait: How to Enter Oil and Gas Sector
Future Investments into Kuwait's Oil and Gas Sector to Remain Uncertain
Renewable Energy in Kuwait: Development of Renewables

Oil Prices in 2012 to Remain Stable
AREF Energy Investment Strategy

Established in 2007 as a subsidiary of AREF Investment Group, the AREF Group is a stable, long-term investor and one of the leading investment institutions in the region with a vision to become a conglomerate managing financially integrated companies. AREF Energy Holding Company was spun off as a subsidiary in 2007 to become the leading investment holding company specifically in the field of energy.

AREF Energy has been described as local, boutique, Shariah-compliant, energy investment house that has consolidated itself as an ideal local partner for foreign oil and gas services companies wishing to enter Kuwait and the Gulf region. AREF Energy seeks to develop strong partnerships with international mid-sized operational companies interested in joint ventures with an accountable Kuwaiti partner.

According to AREF Energy’s CEO, Waleed Al Hashash, “We are trying to represent Kuwait in seeking good opportunities, aligning ourselves with trustworthy partners and keeping our conduct of business ethical.”

Presently, AREF Energy is increasing its shares in energy services companies servicing both the upstream and downstream of energy extraction industries, including oil and gas and electricity as well as environmental sectors. AREF Energy is also expanding its holdings throughout the entire MENA region, as well as India and the U.S. According to Al Hashash, the company went from zero contracts in 2007 to USD $35 million in early 2011, and to more than USD $60 million by the beginning of 2012, spread across nine major investments.

AREF Energy’s investment policy is founded on a strong commitment to stimulate the transfer of technologies and knowledge into the region. “If we invest outside of the region our aim is to bring the transfer of technologies and knowledge to the area,” says Al-Hashash.

Al Hashash is also vice chairman and CEO of Rubban Logistics Holding Company of Kuwait, which is also a subsidiary of AREF Investments Group. He also serves as a member of the boards of MEGlobal, the Nile River Transport Company and Higleig Contracting, both of Sudan; and is chairman of Gulf Africa Holding (GAH) in Kuwait.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 11 Jan 2012 14:27:07 +0000
Doing business in Kuwait: $150 billion worth of projects coming is a major opportunity https://www.marcopolis.net/doing-business-in-kuwait-150-billion-worth-of-projects-coming-is-a-major-opportunity.htm https://www.marcopolis.net/doing-business-in-kuwait-150-billion-worth-of-projects-coming-is-a-major-opportunity.htm

Most of the business is done in partnership with Kuwaitis. We have a law here that requires that for a business to be established here, it must have a 51% Kuwaiti partnership. But now there is a new department in the Ministry of Finance, the Foreign Investment Department. Under this, if a foreign direct investor wants to set up a new business, say to produce ethylene, or cement etc., they can own up to 100% stake in it.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Thu, 25 Jun 2015 15:31:41 +0000
Best Interior Fit Outs Contractor in Kuwait: Dahan https://www.marcopolis.net/best-interior-fit-outs-contractor-in-kuwait-dahan.htm https://www.marcopolis.net/best-interior-fit-outs-contractor-in-kuwait-dahan.htm

"Dahan is involved in interior fit out contracting. We execute many spaces such as restaurants, shops, boutiques, banks, and office spaces. We are purely executers and builders."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Wed, 01 Feb 2017 13:19:00 +0000
Kuwait Higher Education Overview 2017: Making Kuwaiti Education World-Class https://www.marcopolis.net/kuwait-higher-education-overview-2017-making-kuwaiti-education-world-class.htm https://www.marcopolis.net/kuwait-higher-education-overview-2017-making-kuwaiti-education-world-class.htm Kuwait Higher Education Overview 2017: Making Kuwaiti Education World-Class

The Kuwaiti government’s education budget had grown relentlessly in recent years, allocating almost 10% of its annual budget to Kuwait’s education sector in 2016, as the leadership has continued to emphasise the importance of education in creating sustainable employment for their citizens and equipping them with the skills to compete in the global marketplace.

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scherzando@marcopolis.net (Scherzando Blaise Karasu) Kuwait Report Tue, 14 Mar 2017 14:45:08 +0000
Best Fitness and Social Club in Kuwait: C Club https://www.marcopolis.net/best-fitness-and-social-club-in-kuwait-c-club.htm https://www.marcopolis.net/best-fitness-and-social-club-in-kuwait-c-club.htm

"C Club was established in 2005 and the concept behind it was to have not only a fitness facility but as well a social club where people can interact, meet, do business and so on. There is the fitness side and the social side. It is rare to find a club in Kuwait that provides both."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Tue, 21 Mar 2017 06:47:23 +0000
National Bank of Kuwait (NBK) https://www.marcopolis.net/national-bank-of-kuwait-nbk.htm https://www.marcopolis.net/national-bank-of-kuwait-nbk.htm

The National Bank of Kuwait was the first indigenous bank in Kuwait; all board members and founders were renowned merchants of Kuwaiti origin.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Fri, 24 Mar 2017 10:12:04 +0000
Fawzi Al Kharafi https://www.marcopolis.net/fawzi-al-kharafi.htm https://www.marcopolis.net/fawzi-al-kharafi.htm

Kharafi Group is one of the biggest holding companies in the Middle East, M.A. Kharafi & Sons.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Sat, 25 Mar 2017 17:58:32 +0000
Kuwait's Project Logistics Company Gulf Maritime General Trading & Contracting Company (GMTC) - Securing On-Shore Logistics for Clean Fuel Project (CFP) https://www.marcopolis.net/kuwait-s-project-logistics-company-gulf-maritime-general-trading-contracting-company-gmtc-securing-on-shore-logistics-for-clean-fuel-project-cfp.htm https://www.marcopolis.net/kuwait-s-project-logistics-company-gulf-maritime-general-trading-contracting-company-gmtc-securing-on-shore-logistics-for-clean-fuel-project-cfp.htm Kuwait's Project Logistics Company Gulf Maritime General Trading & Contracting Company (GMTC) - Securing On-Shore Logistics for Clean Fuel Project (CFP)

M/s Gulf Maritime General Trading & Contracting Company WLL (GMTC) is a 45 years old shipping and logistics company, which is part of Al Kazemi Group, specialized in liner representation and project logistics.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Wed, 29 Mar 2017 07:02:04 +0000
Alghanim Catering Discusses Potential of Catering Industry in Kuwait https://www.marcopolis.net/alghanim-catering-discusses-potential-of-catering-industry-in-kuwait.htm https://www.marcopolis.net/alghanim-catering-discusses-potential-of-catering-industry-in-kuwait.htm

"We started operations in 1992, and have been running for 25 years. We provide a combination of government contracts, private camps, and full life support for clients, which includes housing, laundry, catering, housekeeping, as well as occasional transportation."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Wed, 05 Apr 2017 07:58:03 +0000
Mohammed Jaffar: Spreading Ethical Business from Kuwait across the GCC https://www.marcopolis.net/mohammed-jaffar-spreading-ethical-business-from-kuwait-across-the-gcc.htm https://www.marcopolis.net/mohammed-jaffar-spreading-ethical-business-from-kuwait-across-the-gcc.htm

The aim of the newly-established Faith Capital Holding is to grow local businesses into GGC businesses that have branches across the six countries in the Gulf, by the means of ethical business.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Wed, 05 Apr 2017 08:27:48 +0000
Private Healthcare in Kuwait Leader Al Seef Hospital to Open New Hospital in 2018 https://www.marcopolis.net/private-healthcare-in-kuwait-leader-al-seef-hospital-to-open-new-hospital-in-2018.htm https://www.marcopolis.net/private-healthcare-in-kuwait-leader-al-seef-hospital-to-open-new-hospital-in-2018.htm

Over the past 5 years, Al Seef Hospital increased the number of doctors from 80 to over 130, and added more services, especially in the medical and surgical sub specialization. Due to rising demand, the hospital is planning on opening a larger International Hospital by early 2018.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Thu, 13 Apr 2017 08:38:21 +0000
Study Programs at Australian College of Kuwait (ACK) Aim to Enhance Employability of ACK Graduates https://www.marcopolis.net/study-programs-at-australian-college-of-kuwait-ack-aim-to-enhance-employability-of-ack-graduates.htm https://www.marcopolis.net/study-programs-at-australian-college-of-kuwait-ack-aim-to-enhance-employability-of-ack-graduates.htm Study Programs at Australian College of Kuwait (ACK) Aim to Enhance Employability of ACK Graduates"I myself believe that the future is for people who have knowledge, skills, and the right attitude toward the workplace. If ACK can produce this kind of individual, we will be helping not only the young people who are coming to the college, but the country as well," says Abdullah Al Sharhan, Chairman of Australian College of Kuwait (ACK).

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Kuwait Report Wed, 26 Apr 2017 07:58:54 +0000
Abdullah Al Askari on Fitness Culture in Kuwait: "We Want to Empower Our Clients" https://www.marcopolis.net/abdullah-al-askari-on-fitness-culture-in-kuwait-we-want-to-empower-our-clients.htm https://www.marcopolis.net/abdullah-al-askari-on-fitness-culture-in-kuwait-we-want-to-empower-our-clients.htm Abdullah Al Askari on Fitness Culture in Kuwait: We Want to Empower Our Clients"We first thought of launching a personal training centre after seeing that clients of local gyms did not receive the care needed to achieve their health and fitness goals. The market was filled with fitness misconceptions and we needed to attend to them," says Abdullah Al Askari, Managing Director of C Club.

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Kuwait Report Wed, 26 Apr 2017 08:12:43 +0000
Kuwait Fund for Arab Economic Development: Projects, Highlights, and Changes https://www.marcopolis.net/kuwait-fund-for-arab-economic-development-projects-highlights-and-changes.htm https://www.marcopolis.net/kuwait-fund-for-arab-economic-development-projects-highlights-and-changes.htm Orchid Real Estate: Reselling Residential and Commercial Properties in Kuwait"55 years is a long time. So if you look at it from the beginning, we started with Arab countries and then moved on to non-Arab countries in Africa and Asia. You know what happened with the Arab Spring in different countries such as Syria, amongst others, where Kuwait Fund started with developmental aid, particularly in terms of building physical projects to enhance the economies of countries that we support," says Abdulwahab Al-Bader, Director General of Kuwait Fund for Arab Economic Development.

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Kuwait Report Wed, 26 Apr 2017 08:36:46 +0000
Kuwait Economy in 2017 – Overview and Forecasts by KAMCO https://www.marcopolis.net/kuwait-economy-in-2017-overview-and-forecasts-by-kamco.htm https://www.marcopolis.net/kuwait-economy-in-2017-overview-and-forecasts-by-kamco.htm Kuwait Economy in 2017 – Overview and Forecasts by KAMCO"The economy here is highly dependent on oil, oil production, and oil prices, and it has a high correlation with the energy markets. We expect the Kuwait economy to grow between 2.5 to 3 percent, this year. But, it must be examined in the overall international context. The world economy is expected to grow at around 3 to 4 percent," says Faisal Hasan, Chief Business Development Officer and Head of Investment Research Department at KAMCO.

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Kuwait Report Wed, 26 Apr 2017 08:47:56 +0000
Specialized Services for Oil & Gas Sector in Kuwait – by HOT Engineering Co. https://www.marcopolis.net/specialized-services-for-oil-gas-sector-in-kuwait-by-hot-engineering-co.htm https://www.marcopolis.net/specialized-services-for-oil-gas-sector-in-kuwait-by-hot-engineering-co.htm Specialized Services for Oil & Gas Sector in Kuwait – by HOT Engineering Co."We have talented people in our structure that can lead and manage the business. Plus, we are specialized in certain services which we pioneered. We maintain that advantage. We also have our Parent company supporting us. This is a strength that perhaps other companies do not have. We have experience from being heavily involved in oil and gas and the oil sector," says Jamal N. Al-Houti, Board Member & CEO of HOT Engineering Co.

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Kuwait Report Mon, 01 May 2017 06:50:28 +0000
Strategy of Commercial Bank of Kuwait (CBK): Customers, Automation, and Self-Service https://www.marcopolis.net/strategy-of-commercial-bank-of-kuwait-cbk-customers-automation-and-self-service.htm https://www.marcopolis.net/strategy-of-commercial-bank-of-kuwait-cbk-customers-automation-and-self-service.htm Strategy of Commercial Bank of Kuwait (CBK): Customers, Automation, and Self-Service"We have introduced automation and our self-service platform. In our major branch, there are twelve screens where the customer comes in, dips their civil ID, and then can do everything they need to right on the screen," says Elham Mahfouz, CEO of Commercial Bank of Kuwait (CBK).

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Kuwait Report Mon, 01 May 2017 07:15:49 +0000
Kuwait Logistics Market in 2017 – 26th Top Emerging Logistics Market Globally https://www.marcopolis.net/kuwait-logistics-market-in-2017-26th-top-emerging-logistics-market-globally.htm https://www.marcopolis.net/kuwait-logistics-market-in-2017-26th-top-emerging-logistics-market-globally.htm Kuwait Logistics Market in 2017 – 26th Top Emerging Logistics Market Globally"The Index is a relative comparison of different countries based on objective matrices and indices. With respect to Kuwait, when comparing the country to much larger markets like China and India, Kuwait is at a disadvantage given that it is a smaller market. Larger economies will have more interest as logistics destinations," says Tarek Sultan, Vice Chairman and CEO of Agility.

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Kuwait Report Mon, 01 May 2017 10:48:49 +0000
Kuwait’s Real Estate Market in 2017 – Outlook by Al Hamra Real Estate Company https://www.marcopolis.net/kuwait-s-real-estate-market-in-2017-outlook-by-al-hamra-real-estate-company.htm https://www.marcopolis.net/kuwait-s-real-estate-market-in-2017-outlook-by-al-hamra-real-estate-company.htm Kuwait’s Real Estate Market in 2017 – Outlook by Al Hamra Real Estate Company"At this point the lowering of the oil prices and the deficit that we are going through has had a marginal effect on the real estate sector. As we all know, the real estate sector here in Kuwait has been the backbone for the non-oil revenue here in the country. I have personally been seeing a good demand over the past two years in the commercial properties throughout Kuwait," says Mohammed Al Matook, Acting GM of Al Hamra Real Estate Company.

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Kuwait Report Wed, 03 May 2017 08:40:54 +0000
Direct Flights between Athens and Kuwait to Start in June as Al Kazemi Travel Agencies Co. Became Aegean’s GSA in Kuwait https://www.marcopolis.net/direct-flights-between-athens-and-kuwait-to-start-in-june-as-al-kazemi-travel-agencies-co-became-aegean-s-gsa-in-kuwait.htm https://www.marcopolis.net/direct-flights-between-athens-and-kuwait-to-start-in-june-as-al-kazemi-travel-agencies-co-became-aegean-s-gsa-in-kuwait.htm Direct Flights between Athens and Kuwait to Start in June as Al Kazemi Travel Agencies Co. Became Aegean’s GSA in Kuwait

The agreement will see Aegean Airlines begin direct flight service between Athens and Kuwait on the late evening of June 20th with a frequency of 2 flights per week.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Wed, 31 May 2017 06:44:17 +0000
Commercial Bank of Kuwait Kicks-off Its Fourth Double Welcome Avios Campaign for New CBK British Airways Cardholders https://www.marcopolis.net/commercial-bank-of-kuwait-kicks-off-its-fourth-double-welcome-avios-campaign-for-new-cbk-british-airways-cardholders.htm https://www.marcopolis.net/commercial-bank-of-kuwait-kicks-off-its-fourth-double-welcome-avios-campaign-for-new-cbk-british-airways-cardholders.htm cbk british airways cardholders campaign

All customers who successfully apply for a CBK British Airways card between 1st of November and 31st of December 2017 will have the chance to double their welcome bonus Avios after spending a predefined amount on their card.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Tue, 07 Nov 2017 10:16:58 +0000
Oil Companies in Kuwait | List of Top 10 Oil Companies https://www.marcopolis.net/oil-companies-in-kuwait-list-of-top-10-oil-companies.htm https://www.marcopolis.net/oil-companies-in-kuwait-list-of-top-10-oil-companies.htm The following article will rank oil companies in Kuwait. Our oil companies in Kuwait list includes the largest and the best oil companies in Kuwait. No.1 oil company in Kuwait is traditionally Kuwait Petroleum Corporation, followed by its subsidiaries, NOC and KNPC. Introduction into the sector to better understand the context of the topoil companies in Kuwait.

Top Oil and Gas Companies in Kuwait

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editor3@marcopolis.net (Ben Novak) Kuwait Report Mon, 04 Jun 2012 14:34:00 +0000
Diabetes in Kuwait: Kuwait`s No. 1 Health Problem https://www.marcopolis.net/diabetes-in-kuwait-kuwaits-no-1-health-problem.htm https://www.marcopolis.net/diabetes-in-kuwait-kuwaits-no-1-health-problem.htm Dr. Kazem Behbehani, Director General, Dasman Diabetes Institute

Interview with Dr. Kazem Behbehani, Director General of Dasman Diabetes Institute. Kuwait ranks as 3rd country in the world with the most cases of diabetes. Diabetes is a No. 1 health problem in Kuwait - young generation suffers from this condition as well as the elderly. According to Dr. Behbehani, prevention and education are very important in fighting off this serious health problem.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 11 Apr 2012 00:00:00 +0000
Tareq Al-Wazzan - Biography https://www.marcopolis.net/tareq-al-wazzan-biography.htm https://www.marcopolis.net/tareq-al-wazzan-biography.htm Tareq Al-Wazzan

Tareq Al-Wazzan: Biography

Mr. Al-Wazzan, Managing Director and CEO of AREF Energy Holdings, has held this position since 2007.  During that time he has guided the company in its investment decisions and operating philosophy to a point where it was recently awarded an international BB+ rating by Capital Standards.  Factors leading to this award were low debt, a highly liquid balance sheet and the diverse nature of its holdings, resulting in a high risk tolerance.

Mr. Al- Wazzan has been involved in all phases of the oil supply chain and global marketing throughout his varied career in the petroleum industry. This ranges from crude oil sales, thru refinery planning and operation, refined products marketing and customer relations.   Indeed, his early experience in crude oil sales served as a foundation on which he built his extensive career, matching refinery operations to meet
world  wide demand and environmental issues, competitive analysis, and product marketing strategy.

He exhibits proven expertise in the following areas:

Sales and Marketing,  with his ability to identify and pursue opportunities, negotiate complex marketing contracts, and  create value maximized pricing;

Technical Analysis,  creating clear financial models based on marketing analysis;

Leadershipwith his ability to win commitment from varied groups on complex strategies and corporate goals;

Communications,  providing clear, concise presentation of complex ideas and plans to management, international customers and employees.
   

 Prior to moving to AREF Energy, Mr. Al- Wazzan, held a succession of increasingly important management posts over his 23 years with the Kuwait Petroleum Corporation, focusing on the Far Eastern Markets.   An eleven year varied sales path lead to his appointment in 1995 as Coordinator of Crude Oil Sales as covered earlier. A brief stint as Manager of the Tokyo Regional Office preceded his appointment, in 1999, as Manager of Crude Oil Sales, the core activity of the corporation.

For three years, 2003-2006, he was Far East Regional Manager.  Based in Tokyo, his responsibility included all Hydrocarbon sales to China, Taiwan, S. Korea and Japan.   His final position at KPC was Market Research Manager.  As such, he served on the KPC long/short range strategic planning team and instigated several creative ‘think-tank’ projects.  While with KPC he served as board member of the Kuwait Foreign Petroleum Exploration Company (KUFPEC)

He holds a BSc in Business Administration, San Diego, USA, and has been a member of the Kuwait delegation at OPEC, and on many international conference venues such as Enterprise Risk Management, IT, Health, Safety & Environment and Personnel Development Planning.  He is also a board member of Kuwait Energy, and chairman of the board of Higleig Petroleum and Investments.

More information about Aref Energy:

More information

Interview

Company Profile

Videos:
Kuwait Oil and Gas Production: 2020 Vision to Produce 4 million Barrels of Oil
Kuwait: How to Enter Oil and Gas Sector
Future Investments into Kuwait's Oil and Gas Sector to Remain Uncertain
Renewable Energy in Kuwait: Development of Renewables

Oil Prices in 2012 to Remain Stable
AREF Energy Investment Strategy

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Thu, 21 Jun 2012 10:54:00 +0000
Healthcare in Kuwait | Assessment by Former Minister of Health https://www.marcopolis.net/healthcare-in-kuwait-assessment-by-former-minister-of-health.htm https://www.marcopolis.net/healthcare-in-kuwait-assessment-by-former-minister-of-health.htm Dr. Hilal Al-Sayer, President of Bayt Abdullah Children's Hospice and Former Minister of Health of Kuwait

Interview with Dr. Hilal Al-Sayer, President of Bayt Abdullah Children's Hospice and Former Minister of Health of Kuwait. All Kuwaiti nationals receive free healthcare. Dr. Al-Sayer says there are many opportunities to invest in healthcare system of Kuwait. At the moment the private healthcare is blooming in Kuwait. It is a trend in Kuwait to seek a medical treatment within the private healthcare sector.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 28 Jun 2012 10:36:44 +0000
Kuwait Tourism in 2017: "Promoting Tourism from Saudi Arabia is Our Top Priority" https://www.marcopolis.net/kuwait-tourism-in-2017-promoting-tourism-from-saudi-arabia-is-our-top-priority.htm https://www.marcopolis.net/kuwait-tourism-in-2017-promoting-tourism-from-saudi-arabia-is-our-top-priority.htm

"The government is now concentrating on our cultural sites. We recently completed the Sheikh Jaber Al-Ahmad Cultural Centre, which houses an opera center and different convention centers. By the middle of this year, we expect to open another cultural and scientific center, called Abdullah Al Salem Cultural Centre."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Wed, 22 Feb 2017 07:08:48 +0000
"The Need for Diversification of Kuwait's Economy is Huge," Says the Best Investment Fund in the GCC https://www.marcopolis.net/the-need-for-diversification-of-kuwait-s-economy-is-huge-says-the-best-investment-fund-in-the-gcc.htm https://www.marcopolis.net/the-need-for-diversification-of-kuwait-s-economy-is-huge-says-the-best-investment-fund-in-the-gcc.htm

"Overall, we feel that the non-oil economic growth is going to outperform the oil economic growth. OPEC has implemented production cuts in order to stabilize oil prices, and Kuwait will be adhering to those cuts. That will have an effect on the real GDP growth because Kuwait is such a highly energy dependent economy. It all depends on how the oil markets behave."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Thu, 23 Feb 2017 06:06:58 +0000
No. 1 Real Estate Fund in the Middle East | Exclusive Interview with KAMCO https://www.marcopolis.net/no-1-real-estate-fund-in-the-middle-east-exclusive-interview-with-kamco.htm https://www.marcopolis.net/no-1-real-estate-fund-in-the-middle-east-exclusive-interview-with-kamco.htm

"In our sector, the investment sector, and through being a specialized, client-driven, asset management investment bank, our focus is on building and continuing to maintain our strong leadership position. Part of that is the trust that is bestowed upon us by our clients and our various stakeholders."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Thu, 23 Feb 2017 06:27:17 +0000
Al-Kazemi Group Kuwait: Core Values https://www.marcopolis.net/al-kazemi-group-kuwait-core-values.htm https://www.marcopolis.net/al-kazemi-group-kuwait-core-values.htm Al-Kazemi Group Kuwait: Core Values"The core values of our group are integrity and ethics in carrying out our tasks, responsibility in upholding the highest standards in the services provided to our principals," says Jad H. Mekkaoui, Business Development & Contracts Manager of Al-Kazemi Group.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Tue, 14 Mar 2017 15:57:52 +0000
Contracting Projects in Kuwait: Al-Kazemi Group’s Strategy for 2017 https://www.marcopolis.net/contracting-projects-in-kuwait-al-kazemi-group-s-strategy-for-2017.htm https://www.marcopolis.net/contracting-projects-in-kuwait-al-kazemi-group-s-strategy-for-2017.htm Contracting Projects in Kuwait: Al-Kazemi Group’s Strategy for 2017"Our strategy for 2017 would be to pursue major scale projects in sectors of interest, so we are mainly looking at projects in the oil and gas sector, in the infrastructure sector but also in the maintenance and shutdown sector," explains Jad H. Mekkaoui, Business Development & Contracts Manager of Al-Kazemi Group.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Tue, 14 Mar 2017 16:06:01 +0000
Exclusive Agent of Azerbaijan Airlines in Kuwait: Al Kazemi Travel Agencies https://www.marcopolis.net/exclusive-agent-of-azerbaijan-airlines-in-kuwait-al-kazemi-travel-agencies.htm https://www.marcopolis.net/exclusive-agent-of-azerbaijan-airlines-in-kuwait-al-kazemi-travel-agencies.htm Al Kazemi Travel Agencies: Exclusive Agent of Azerbaijan Airlines in Kuwait

Al Kazemi Travel Agencies Co. W.L.L. (part of Al Kazemi Group) proudly becomes the exclusive agent of Azerbaijan Airlines in the State of Kuwait, establishing the first direct flight from Kuwait to Baku – Azerbaijan.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Tue, 14 Mar 2017 16:47:09 +0000
Kuwait Finance House (KFH) https://www.marcopolis.net/kuwait-finance-house-kfh.htm https://www.marcopolis.net/kuwait-finance-house-kfh.htm

Kuwait Finance House was founded in 1977. It is considered a pioneer in Islamic Finance banking or Sharia compliant banking. Current assets of KFH equal to 55.5 billion US dollars.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Fri, 24 Mar 2017 10:22:15 +0000
Mohannad Al Kharafi https://www.marcopolis.net/mohannad-al-kharafi.htm https://www.marcopolis.net/mohannad-al-kharafi.htm

Mohannad Al Kharafi is the chairman of M.A. Kharafi & Sons, one of the biggest holding companies in the Middle East.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Sat, 25 Mar 2017 18:01:06 +0000
Orchid Real Estate Wants to Focus on Hotel Apartments in Kuwait https://www.marcopolis.net/orchid-real-estate-wants-to-focus-on-hotel-apartments-in-kuwait.htm https://www.marcopolis.net/orchid-real-estate-wants-to-focus-on-hotel-apartments-in-kuwait.htm

"Orchid Real Estate specializes in buying and selling buildings within Kuwait and internationally. We buy buildings, renovate them, and then prepare them for resale. Once touched by us, the buildings’ value increases (often double) and this is where our speciality lies."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Sat, 25 Mar 2017 18:56:19 +0000
Leader in Spare Parts Supply in Kuwait: KAPICO Group Holding https://www.marcopolis.net/leader-in-spare-parts-supply-in-kuwait-kapico-group-holding.htm https://www.marcopolis.net/leader-in-spare-parts-supply-in-kuwait-kapico-group-holding.htm

"KAPICO is the leader in the aftermarket sector today. From the beginning, the Group have built up a good infrastructure and a good warehouse to supply regionally, not only to the GCC but also into the MENA. KAPICO was the first supplier of aftermarket spare parts in the region."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Sun, 02 Apr 2017 09:15:17 +0000
Australian College of Kuwait (ACK) Has 3 Centres That Encourage and Support Innovation https://www.marcopolis.net/australian-college-of-kuwait-ack-has-3-centres-that-encourage-and-support-innovation.htm https://www.marcopolis.net/australian-college-of-kuwait-ack-has-3-centres-that-encourage-and-support-innovation.htm Australian College of Kuwait (ACK) Has 3 Centres That Encourage and Support Innovation"We now have three centres in the college that encourage and support innovation. The first is the Project Based Learning (PBL) Centre. Its goal is to propagate learning through projects namely, experiential learning. The workshop is the starting point," says Abdullah Al Sharhan, Chairman of Australian College of Kuwait (ACK).

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Kuwait Report Wed, 26 Apr 2017 08:03:18 +0000
C Club, Best Personal Fitness Center in Kuwait https://www.marcopolis.net/c-club-best-personal-fitness-center-in-kuwait.htm https://www.marcopolis.net/c-club-best-personal-fitness-center-in-kuwait.htm C Club, Best Personal Fitness Center in Kuwait"C Club was established in 2005 and the concept behind it was to have not only a fitness facility but as well a social club where people can interact, meet, do business and so on. There is the fitness side and the social side," says Abdullah Al Askari, Managing Director of C Club.

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Kuwait Report Wed, 26 Apr 2017 08:16:55 +0000
Abdulwahab Al-Bader (Kuwait Fund): “Our Projects Make a Difference” https://www.marcopolis.net/abdulwahab-al-bader-kuwait-fund-our-projects-make-a-difference.htm https://www.marcopolis.net/abdulwahab-al-bader-kuwait-fund-our-projects-make-a-difference.htm Abdulwahab Al-Bader (Kuwait Fund): “Our Projects Make a Difference”"It is amazing when you go to an area and you build a dam, even if it is a small dam, the area will change because some dams according to the design will not only provide water for irrigation and drinking water but will provide electricity to the country," says Abdulwahab Al-Bader, Director General of Kuwait Fund for Arab Economic Development.

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Kuwait Report Wed, 26 Apr 2017 08:41:01 +0000
HOT Engineering Co. Kuwait: Projects Overview https://www.marcopolis.net/hot-engineering-co-kuwait-projects-overview.htm https://www.marcopolis.net/hot-engineering-co-kuwait-projects-overview.htm HOT Engineering Co. Kuwait: Projects Overview"In the construction and contracting field in Kuwait, the oil and gas sector is our biggest area. Currently, in terms of construction, we are working on a new refinery project that is supervised by Kuwait Integrated Petrochemical Industries Co. (a subsidiary of Kuwait Petroleum Corporation) and Gathering Centers Number 30 and 31 by Kuwait Oil Company (KOC). The total cost of these projects is around 10 billion KD," says Nawaf A. Al Sharhan, GM - Business Development & Tendering of HOT Engineering Co.

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Kuwait Report Mon, 01 May 2017 06:36:19 +0000
Pioneers in Oil & Gas Contracting in Kuwait – HOT Engineering Co. https://www.marcopolis.net/pioneers-in-oil-gas-contracting-in-kuwait-hot-engineering-co.htm https://www.marcopolis.net/pioneers-in-oil-gas-contracting-in-kuwait-hot-engineering-co.htm Pioneers in Oil & Gas Contracting in Kuwait – HOT Engineering Co."We were the pioneer in contracting, specifically in oil and gas. Over time, we have lost our place as one of the leaders in this area. Our vision now is to regain that position," says Jamal N. Al-Houti, Board Member & CEO of HOT Engineering Co.

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Kuwait Report Mon, 01 May 2017 06:56:38 +0000
Agility Logistics to Invest More in Emerging Markets and Disruptive Technologies https://www.marcopolis.net/agility-logistics-to-invest-more-in-emerging-markets-and-disruptive-technologies.htm https://www.marcopolis.net/agility-logistics-to-invest-more-in-emerging-markets-and-disruptive-technologies.htm Agility Logistics to Invest More in Emerging Markets and Disruptive Technologies"We are continuing to invest in the emerging markets. We are doing a lot in emerging markets and a lot in Africa. It is taking up a lot of our time and effort but it is paying dividends," says Tarek Sultan, Vice Chairman and CEO of Agility.

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Kuwait Report Mon, 01 May 2017 10:54:10 +0000
Strategy of Kuwait Tourism Sector (Ministry of Information) Is to Push MICE Tourism https://www.marcopolis.net/strategy-of-kuwait-tourism-sector-ministry-of-information-is-to-push-mice-tourism.htm https://www.marcopolis.net/strategy-of-kuwait-tourism-sector-ministry-of-information-is-to-push-mice-tourism.htm Strategy of Kuwait Tourism Sector (Ministry of Information) Is to Push MICE Tourism"The majority of our tourists are from the GCC countries. Our top market is Saudi Arabia, followed by Qatar, UAE, Bahrain, and Oman. Tourists from these countries are mainly families coming to Kuwait to visit friends and family," says Faisal Al-Duraie, Director of Research & Tourism Information at the Ministry of Information - Tourism Sector.

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Kuwait Report Tue, 02 May 2017 06:18:26 +0000
Food Manufacturing Industry in Kuwait in 2017: Food Consumption is Coming Back to Homes https://www.marcopolis.net/food-manufacturing-industry-in-kuwait-in-2017-food-consumption-is-coming-back-to-homes.htm https://www.marcopolis.net/food-manufacturing-industry-in-kuwait-in-2017-food-consumption-is-coming-back-to-homes.htm Food Manufacturing Industry in Kuwait in 2017: Food Consumption is Coming Back to Homes"Over the last ten years, there has been a big drive in Kuwait to consume food out of home. People have moved from the traditional nuclear family, or the Kuwaiti version, and eating in the house to eating out of the home. That has actually changed in the last year," says Garry Walsh, CEO of Mezzan Holding.

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Kuwait Report Wed, 03 May 2017 08:31:24 +0000
ACK Business Students Showcased Their Projects at Al-Yaal Mall https://www.marcopolis.net/ack-business-students-showcased-their-projects-at-al-yaal-mall.htm https://www.marcopolis.net/ack-business-students-showcased-their-projects-at-al-yaal-mall.htm ACK Business Students Showcased Their Projects at Al-Yaal Mall

School of Business students at the Australian College of Kuwait (ACK) gave an outstanding presentation to Al-Yaal Mall management, presenting their strategic marketing plans for small and medium-sized enterprises (SME’s).

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Mon, 14 Aug 2017 06:08:20 +0000
GCC Equity Markets Q3 2017 Review by Kuwait Finance and Investment Company (KFIC) https://www.marcopolis.net/gcc-equity-markets-q3-2017-review-by-kuwait-finance-and-investment-company-kfic.htm https://www.marcopolis.net/gcc-equity-markets-q3-2017-review-by-kuwait-finance-and-investment-company-kfic.htm GCC Equity Markets Q3 2017 Review by Kuwait Finance and Investment Company (KFIC)

Kuwait was upgraded by FTSE Russell to an emerging market status, which will become effective by September 2018. The upgrade could prompt cash inflows of approximately USD 700mn from foreign investors, according to NBK Capital.

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scherzando@marcopolis.net (Scherzando Blaise Karasu) Kuwait Report Mon, 09 Oct 2017 08:18:46 +0000
NBK Signs Cooperation Agreement with KFIC https://www.marcopolis.net/nbk-signs-cooperation-agreement-with-kfic.htm https://www.marcopolis.net/nbk-signs-cooperation-agreement-with-kfic.htm NBK signs cooperation agreement with KFIC

According to the new cooperation agreement, NBK will issue prepaid card holders to customers who have undertaken a loan from KFIC.

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scherzando@marcopolis.net (Scherzando Blaise Karasu) Kuwait Report Mon, 30 Oct 2017 11:39:02 +0000
Investment in Kuwait | Kuwait's Foreign Direct Investment (FDI) https://www.marcopolis.net/investment-in-kuwait-kuwaits-foreign-direct-investment-fdi.htm https://www.marcopolis.net/investment-in-kuwait-kuwaits-foreign-direct-investment-fdi.htm Sheikh Dr. Meshaal Jaber Al Ahmed Al Sabah, Chairman of Kuwait Foreign Investment Bureau (KFIB)

Interview with Sheikh Dr. Meshaal Jaber Al Ahmed Al Sabah, Chairman of Kuwait Foreign Investment Bureau (KFIB). Investors think of Kuwait as a hope for their projects, as an emerging market much like Iraq and Iran.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 10 Apr 2012 22:09:43 +0000
Kuwait Scientific Center Becoming Major Tourist Attraction in Kuwait https://www.marcopolis.net/kuwait-scientific-center-becoming-a-major-tourist-attraction-in-kuwait.htm https://www.marcopolis.net/kuwait-scientific-center-becoming-a-major-tourist-attraction-in-kuwait.htm Mijbil Al-Mutawa, Chairman of The Kuwait Scientific Center (TKSC)

Interview with Mijbil Al-Mutawa, Chairman of The Kuwait Scientific Center (TKSC). We are the only place in Kuwait and in the Gulf area that would give people the opportunity to watch IMAX and 3D format films that talk about environment, something that is very important.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 12 Apr 2012 10:59:08 +0000
Kuwait Scientific Center - a Center for Children https://www.marcopolis.net/kuwait-scientific-center-a-center-for-children.htm https://www.marcopolis.net/kuwait-scientific-center-a-center-for-children.htm Kuwait Scientific Centre - a Centre for Children


Attractions for children in Kuwait

Visit one of the largest aquariums in the Gulf located at Kuwait Scientific Center in Kuwait!

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 17 Apr 2012 09:27:38 +0000
Kuwait Politics: Kuwait Moves On, What About the Politics? https://www.marcopolis.net/kuwait-politics-kuwait-moves-on-politically-or-not.htm https://www.marcopolis.net/kuwait-politics-kuwait-moves-on-politically-or-not.htm Kuwait Politics: Kuwait Moves On, What About the Politics?

Slightly, but not seriously hit by the Arab Spring, Kuwait has managed to prove again that it is able to tackle challenges, despite remaining headwinds.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Sun, 22 Apr 2012 00:00:00 +0000
Economy 2012: Overview of Kuwait's Economy 2012 https://www.marcopolis.net/economy-2012-overview-of-kuwaits-economy-2012.htm https://www.marcopolis.net/economy-2012-overview-of-kuwaits-economy-2012.htm Kuwait's Economy: Kuwait Says Farewell to the One-Basket Economy

Kuwait’s national budget relies 95 percent on oil revenues, but the public and the private sector join forces to push for more diversification.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Sun, 22 Apr 2012 00:00:00 +0000
Ahmed Al-Jarallah: Media Freedom, Arab Spring & Kuwait's Problems https://www.marcopolis.net/ahmed-al-jarallah-media-freedom-arab-spring-a-kuwaits-problems.htm https://www.marcopolis.net/ahmed-al-jarallah-media-freedom-arab-spring-a-kuwaits-problems.htm Ahmed Al Jarallah, Chairman & Editor-in-Chief Arab Times

Interview with Ahmed Al Jarallah, Chairman & Editor-in-Chief Arab Times. What are they doing in Egypt right now? Egypt used to be a very strong country of the Arab world – had a strong army, a large population of 90 million people, lots of chances to invest…

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Mon, 11 Jun 2012 12:38:29 +0000
Power Families of Kuwait: It's All in the Family https://www.marcopolis.net/power-families-of-kuwait-its-all-in-the-family.htm https://www.marcopolis.net/power-families-of-kuwait-its-all-in-the-family.htm Globally known families of Kuwait

It's all in the family: Businessmen, bankers and diplomats who want to play the big card in Kuwait have no choice but to deal with the influential families who run the country's economic, social and cultural life.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 29 Jun 2012 00:00:00 +0000
New Projects in Kuwait | Partnerships Technical Bureau https://www.marcopolis.net/new-projects-in-kuwait-partnership-technical-bureau.htm https://www.marcopolis.net/new-projects-in-kuwait-partnership-technical-bureau.htm Adel M. Al Roumi, President of Partnerships Technical Bureau Kuwait (PTB)

Interview with Adel M. Al Roumi, President of Partnerships Technical Bureau Kuwait (PTB). Partnerships Technical Bureau in Kuwait is a public sector body responsible for the implementation of new projects in Kuwait - Public Private Partnership projects - which have a common goal: to boost the Kuwaiti economy. These projects cover many areas including transportation, energy or telecommunications.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 27 Jun 2012 12:06:54 +0000
Real Estate Kuwait 2012 | United Real Estate Company https://www.marcopolis.net/real-estate-kuwait-2012-united-real-estate-company.htm https://www.marcopolis.net/real-estate-kuwait-2012-united-real-estate-company.htm Tariq M. AbdulSalam, Chairman of United Real Estate Company

Interview with Tariq M. AbdulSalam, Chairman of United Real Estate Company. Real estate activity is a prime activity in Kuwait. The demand for real estate investments in Kuwait is always hot, says Mr. AbdulSalam, who also expects the Kuwaiti real estate sector to remain active in the future to come.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 28 Jun 2012 11:18:53 +0000
Bukhamseen Group | Kuwait Real Estate Overview by Bukhamseen https://www.marcopolis.net/bukhamseen-group-kuwait-real-estate-overview-by-bukhamseen.htm https://www.marcopolis.net/bukhamseen-group-kuwait-real-estate-overview-by-bukhamseen.htm Dr. Osama J. Bukhamseen, Vice Chairman of Bukhamseen Group

Interview with Dr. Osama J. Bukhamseen, Vice Chairman of Bukhamseen Group. Detailed overview of Bukhamseen group and main business lines - including real estate sector - by its Vice Chairman, Dr. Osama J. Bukhamseen. Bukhamseen group has always been a pioneer in real estate. Mr. Bukhamseen claims 2012 may be the last year of the suffering that Bukhamseen group has gone through since 2008.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 29 Jun 2012 07:53:45 +0000
Leonard Cletus - Biography https://www.marcopolis.net/leonard-cletus-biography.htm https://www.marcopolis.net/leonard-cletus-biography.htm Leonard Cletus Biography

Leonard Cletus: Biography

Leonard joined Gulf Bank in 2006, and has been with the Bank for over 5 years. Leonard is Deputy General Manager – Internal Audit. Prior to joining Gulf Bank, he was with KPMG where he was associated with the Internal Audits of Banks and Financial Institutions in Kuwait. He has also worked for Deloitte Touche in India and has several years experience in auditing.

Company Profile

Videos:
Lending Opportunities for Kuwait's Banking Sector
Kuwait: Banking Sector in 2012-2013
Competition in Kuwait's Banking Sector
Corporate Banking in Kuwait
Differentiation of Gulf Bank in Kuwait
Gulf Bank's Governance
Gulf Bank's Performance in 2012
Gulf Bank's Strategy
Retail Banking in Kuwait
Project Finance and Kuwait's Development Plan

Leonard is a Chartered Accountant and holds a Bachelor of Commerce degree from Loyola College, India. He is also a Certified Internal Auditor, Certified Information Systems Auditor, a Certified Fraud Examiner, and a member of these respective professional institutions in USA.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 03 Aug 2012 00:00:00 +0000
Kuwait IT Companies | List of Top IT Companies in Kuwait https://www.marcopolis.net/kuwait-it-companies-list-of-top-it-companies-in-kuwait.htm https://www.marcopolis.net/kuwait-it-companies-list-of-top-it-companies-in-kuwait.htm Top IT Companies in Kuwait

Listed as the third largest computer market within the Gulf region, Kuwait is expected to have favorable IT conditions this year. According to the Business Monitor "the country is projected to spend over $900 million in 2012 within the IT sector alone, which is a 9% increase from previous years. Due to high oil revenue, Kuwait is one of the most advanced IT states in the region."

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Wed, 19 Dec 2012 10:04:08 +0000
Education in Kuwait: Kuwait University to Expand Postgraduate Education https://www.marcopolis.net/education-in-kuwait-kuwait-university-to-expand-postgraduate-education.htm https://www.marcopolis.net/education-in-kuwait-kuwait-university-to-expand-postgraduate-education.htm

Well they have to reform public education and by public I mean pre-university education. The reform shouldn’t come before establishing what the problems are. In my opinion, the only reason to establish what the problems are, is to have a uniform national exam for the country. You know, it’s alright that you have Kuwaiti public schools, it’s alright that you have British private schools, American or French or what have you. Of course for people who are going to Britain, they have to take exams that are required by the universities in Britain.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Thu, 25 Jun 2015 15:44:31 +0000
FDI and doing business in Kuwait https://www.marcopolis.net/fdi-and-doing-business-in-kuwait.htm https://www.marcopolis.net/fdi-and-doing-business-in-kuwait.htm

Bader Al Humaidhi, Former Minister of Finance of Kuwait talks about doing business in Kuwait.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Tue, 14 Jul 2015 11:06:00 +0000
Key Infrastructure Projects Contractor in Kuwait: Combined Group https://www.marcopolis.net/key-infrastructure-projects-contractor-in-kuwait-combined-group.htm https://www.marcopolis.net/key-infrastructure-projects-contractor-in-kuwait-combined-group.htm

"Our vision is to be one of the ten biggest contracting companies in not only the Gulf area, but throughout the Middle East."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Sun, 05 Feb 2017 11:53:00 +0000
Oil and Gas Projects in Kuwait 2017 https://www.marcopolis.net/oil-and-gas-projects-in-kuwait-2017.htm https://www.marcopolis.net/oil-and-gas-projects-in-kuwait-2017.htm Oil and Gas Projects in Kuwait 2017"We are undertaking the CFP Mina Al Ahmadi Package project valued at around 4 billion US dollars. We have a stake in this project, we were awarded the Package in April 2014 and this is our implication," says Jad H. Mekkaoui, Business Development & Contracts Manager of Al-Kazemi Group.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Tue, 14 Mar 2017 16:28:38 +0000
Kuwait Projects Company (KIPCO) https://www.marcopolis.net/kuwait-projects-company-kipco.htm https://www.marcopolis.net/kuwait-projects-company-kipco.htm

KIPCO Group comprises over 60 companies and employs over 12,000 people. It was founded in 1975 and today is one of the MENA region’s most successful companies.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Fri, 24 Mar 2017 10:23:50 +0000
Fawaz Al Hasawi https://www.marcopolis.net/fawaz-al-hasawi.htm https://www.marcopolis.net/fawaz-al-hasawi.htm

Fawaz Al Hasawi belongs to one of the wealthiest families in Kuwait.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Sat, 25 Mar 2017 18:03:48 +0000
Fast Track, Design Development Projects in Kuwait – by Ahmadiah Contracting https://www.marcopolis.net/fast-track-design-development-projects-in-kuwait-by-ahmadiah-contracting.htm https://www.marcopolis.net/fast-track-design-development-projects-in-kuwait-by-ahmadiah-contracting.htm Fast Track, Design Development Projects in Kuwait – by Ahmadiah Contracting"We are known to work on fast track, design development projects. We started that process back in the 70s with one of the real estate companies called Salhia Real Estate. We did the Salhia Mall that is still considered to be the mall with a very large number of prime brands like Louis Vuitton and others," says Elie N. Hani, Deputy CEO of Ahmadiah Contracting.

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Kuwait Report Wed, 26 Apr 2017 07:45:32 +0000
KAMCO Strategy 2017 - Islamic Global Equity Fund https://www.marcopolis.net/kamco-strategy-2017-islamic-global-equity-fund.htm https://www.marcopolis.net/kamco-strategy-2017-islamic-global-equity-fund.htm KAMCO Strategy 2017 - Islamic Global Equity Fund"In our sector, the investment sector, and through being a specialized, client-driven, asset management investment bank, our focus is on building and continuing to maintain our strong leadership position," says Faisal Sarkhou, Chief Executive Officer of KAMCO.

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Kuwait Report Wed, 26 Apr 2017 08:52:55 +0000
Private Higher Education in Kuwait: Overview by American University of Kuwait (AUK) https://www.marcopolis.net/private-higher-education-in-kuwait-overview-by-american-university-of-kuwait-auk.htm https://www.marcopolis.net/private-higher-education-in-kuwait-overview-by-american-university-of-kuwait-auk.htm Private Higher Education in Kuwait: Overview by American University of Kuwait (AUK)"For many years, higher education here was dominated by Kuwait University, which is a large public institution. Only a few years ago, it was decided to add options for private universities that would offer different kinds of programs. The approach to education in Kuwait has generally been one with aim at the job market," says Dr. Earl (Tim) Sullivan, President of the American University of Kuwait (AUK)

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Kuwait Report Wed, 26 Apr 2017 09:00:53 +0000
KFIC Recognizes Employees Attaining Professional Certificates https://www.marcopolis.net/kfic-recognizes-employees-attaining-professional-certificates.htm https://www.marcopolis.net/kfic-recognizes-employees-attaining-professional-certificates.htm KFIC Recognizes Employees Attaining Professional Certificates

Kuwait Finance and Investment Company (KFIC), a well-established asset manager in Kuwait, announced its recognition for Bhavani Joshi for attaining the Certified Internal Auditor (CIA) certification from The Global Institute of Internal Auditors.

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scherzando@marcopolis.net (Scherzando Blaise Karasu) Kuwait Report Thu, 27 Apr 2017 06:21:57 +0000
HOT Engineering Co. Strategy: Leading Kuwaiti Contractors in Oil & Gas https://www.marcopolis.net/hot-engineering-co-strategy-leading-kuwaiti-contractors-in-oil-gas.htm https://www.marcopolis.net/hot-engineering-co-strategy-leading-kuwaiti-contractors-in-oil-gas.htm HOT Engineering Co. Strategy: Leading Kuwaiti Contractors in Oil & Gas"We have a strategy to become different than others by acquiring new specialized services which support our business and strength in oil and gas. In 2015, HOT Engineering Co. set a new strategy to achieve sustainability and continuity in this field," says Nawaf A. Al Sharhan, GM - Business Development & Tendering of HOT Engineering Co.

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Kuwait Report Mon, 01 May 2017 06:43:17 +0000
Chocolate Bar’s Nouf Almutawa: “Chocolate Bar is Our Happy Hour in Kuwait” https://www.marcopolis.net/chocolate-bar-s-nouf-almutawa-chocolate-bar-is-our-happy-hour-in-kuwait.htm https://www.marcopolis.net/chocolate-bar-s-nouf-almutawa-chocolate-bar-is-our-happy-hour-in-kuwait.htm Chocolate Bar’s Nouf Almutawa: “Chocolate Bar is Our Happy Hour in Kuwait”"Bon Group is the company which owns Chocolate Bar. Chocolate Bar is a café that serves all kinds of chocolate drinks and chocolate desserts. Everything is made fresh every day. It came out of a passion of mine and of my partner’s; we are both females and we both love chocolate! Who doesn’t love chocolate?!," says Nouf Almutawa, Founder of Chocolate Bar (Bon Group).

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Kuwait Report Tue, 02 May 2017 14:19:38 +0000
Mezzan Holding’s Strength: Food Manufacturing and Distribution in Kuwait and GCC https://www.marcopolis.net/mezzan-holding-s-strength-food-manufacturing-and-distribution-in-kuwait-and-gcc.htm https://www.marcopolis.net/mezzan-holding-s-strength-food-manufacturing-and-distribution-in-kuwait-and-gcc.htm Mezzan Holding’s Strength: Food Manufacturing and Distribution in Kuwait and GCC"Our strength is in food manufacturing and distribution. We are very focused on our own brands and on our third-party partners. That business continued to perform extremely well for us. In a scenario where most of our competitors were in decline, we continued to grow," says Garry Walsh, CEO of Mezzan Holding.

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Kuwait Report Wed, 03 May 2017 08:35:31 +0000
Healthcare in Kuwait in 2017 – Overview by Al Seef Hospital https://www.marcopolis.net/healthcare-in-kuwait-in-2017-overview-by-al-seef-hospital.htm https://www.marcopolis.net/healthcare-in-kuwait-in-2017-overview-by-al-seef-hospital.htm Healthcare in Kuwait in 2017 – Overview by Al Seef Hospital"The health sector has developed during the past few years due to the high demand caused by certain insurance programs that have covered the public sector and public corporates. From 2012 until now, two major groups were added to the private health insurance sector," says Dr Yousif Abou Zahr, CEO of Al Seef Hospital.

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Kuwait Report Wed, 03 May 2017 08:52:03 +0000
HOT Engineering Was Awarded the Project for “The General Department of Criminal Evidence Headquarters” in Kuwait https://www.marcopolis.net/hot-engineering-was-awarded-the-project-for-the-general-department-of-criminal-evidence-headquarters-in-kuwait.htm https://www.marcopolis.net/hot-engineering-was-awarded-the-project-for-the-general-department-of-criminal-evidence-headquarters-in-kuwait.htm HOT Engineering Was Awarded the Project for “The General Department of Criminal Evidence Headquarters” in Kuwait

HOT Engineering & Construction Co., a leading engineering construction company in Kuwait, has received an official Award Notification from Central Agency for Public Tenders, Kuwait for the Project SPA/189 “The General Department of Criminal Evidence Headquarters” in Kuwait.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Tue, 23 May 2017 08:36:44 +0000
GCC Equity Markets May 2017 Review by Kuwait Finance and Investment Company (KFIC) https://www.marcopolis.net/gcc-equity-markets-may-2017-review-by-kuwait-finance-and-investment-company-kfic.htm https://www.marcopolis.net/gcc-equity-markets-may-2017-review-by-kuwait-finance-and-investment-company-kfic.htm GCC Equity Markets April 2017 Review by Kuwait Finance and Investment Company (KFIC)

According to the Equity Markets May 2017 Review by Kuwait Finance and Investment Company (KFIC), Saudi Arabia signed billions of dollars of deals with US companies during President Donald Trump’s visit to Riyadh. Estimates of the total deal value vary from USD300bn to USD400bn. Kuwait’s Deputy Prime Minister and Finance Minister Anas Al-Saleh has affirmed the importance of economic reforms made in Arab oil-exporting countries against the sharp drop in global oil prices.

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scherzando@marcopolis.net (Scherzando Blaise Karasu) Kuwait Report Wed, 07 Jun 2017 07:38:31 +0000
GCC Equity Markets June 2017 Review by Kuwait Finance and Investment Company (KFIC) https://www.marcopolis.net/gcc-equity-markets-june-2017-review-by-kuwait-finance-and-investment-company-kfic.htm https://www.marcopolis.net/gcc-equity-markets-june-2017-review-by-kuwait-finance-and-investment-company-kfic.htm GCC Equity Markets June 2017 Review by Kuwait Finance and Investment Company (KFIC)

According to the Equity Markets June 2017 Review by Kuwait Finance and Investment Company (KFIC), MSCI decided to include Saudi Arabia on its watch-list for potential addition to Emerging Market Index as The Kingdom showed significant willingness to improve stock market regulations and easing conditions for foreign investors. In the UAE, The Emirates NBD UAE Purchasing Managers’ Index (PMI), a key indicator of the health of the UAE’s non-oil private sector, fell to 54.3.

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scherzando@marcopolis.net (Scherzando Blaise Karasu) Kuwait Report Tue, 11 Jul 2017 09:18:36 +0000
GCC Equity Markets August 2017 Review by Kuwait Finance and Investment Company (KFIC) https://www.marcopolis.net/gcc-equity-markets-august-2017-review-by-kuwait-finance-and-investment-company-kfic.htm https://www.marcopolis.net/gcc-equity-markets-august-2017-review-by-kuwait-finance-and-investment-company-kfic.htm GCC Equity Markets August 2017 Review by Kuwait Finance and Investment Company (KFIC)

According to the Equity Markets August 2017 Review by Kuwait Finance and Investment Company (KFIC), GCC equities, as indicated by the MSCI GCC IMI Index increased by 0.83%. Kuwait’s Weighted Index was the top performing regional index and Qatar’s QE index was the worst performing index.

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scherzando@marcopolis.net (Scherzando Blaise Karasu) Kuwait Report Wed, 13 Sep 2017 07:15:39 +0000
Ministries and Public Institutions in Kuwait | List of Ministries https://www.marcopolis.net/top-ministries-and-public-institutions-in-kuwait.htm https://www.marcopolis.net/top-ministries-and-public-institutions-in-kuwait.htm Top Ministries in Kuwait

Top Ministries in Kuwait 

Marcopolis.net presents the list of top ministries, public and private institutions in Kuwait.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 06 Apr 2010 15:14:50 +0000
Scott Gegenheimer Biography https://www.marcopolis.net/scott-gegenheimer-biography.htm https://www.marcopolis.net/scott-gegenheimer-biography.htm Mr. M. Scott Gegenheimer was named General Manager and Chief Executive Officer of Wataniya Telecom in January 2008.

Mr. Gegenheimer comes to Wataniya Telecom with over 20 years of telecommunications & technology experience, most recently serving as co-CEO of Tunisiana, a leading mobile operator in Tunisia (joint venture between Wataniya Telecom and Orascom Telecom).  In 2002, he was appointed the Chief Financial Officer of Tunisiana and was the lead on arranging Euro 290 million of project financing with a consortium of European banks during the initial start-up phase.

wataniya-telecom-scott-gegenheimer-home-page.png

 


Prior to this, Mr. Gegenheimer was the Managing Director & Venture CFO of THCG, providing strategic, financial and operational direction to a portfolio of seed and early-stage companies.  Mr. Gegenheimer has also held senior finance positions at Motorola, Cisco Systems and Adaptive Broadband where he was engaged in international joint ventures, corporate development, treasury and corporate finance activities and supported GSM mobile operations in Jordan, Lithuania and Russia. 


A native of Chicago, USA, Mr. Gegenheimer received an MBA in 1993 from DePaul University in Chicago and a Bachelors of Science in Finance from Northern Illinois University in 1989.

 

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 13 Apr 2010 16:47:04 +0000
Education in Kuwait: American University of Kuwait (AUK) https://www.marcopolis.net/education-in-kuwait-american-university-of-kuwait-auk.htm https://www.marcopolis.net/education-in-kuwait-american-university-of-kuwait-auk.htm Dr. Winfred Thompson, President of American University of Kuwait (AUK)

Interview with 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.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Sun, 22 Apr 2012 00:00:00 +0000
Kuwait Investment Sector to Further Suffer in 2012 https://www.marcopolis.net/kuwait-investment-sector-to-further-suffer-in-2012.htm https://www.marcopolis.net/kuwait-investment-sector-to-further-suffer-in-2012.htm Mr. Faisal Ali Al-Mutawa, Chairman and Managing Director, Bayan Investment Company

Interview with Faisal Ali Al-Mutawa, Chairman and Managing Director of Bayan Investment Company. Mr. Al-Mutawa offers his views on the Kuwait investment sector and the overall investment climate in Kuwait. Unfortunately, his comments are more negative than positive and so are the forecasts about the investment sector in Kuwait.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Mon, 20 Feb 2012 10:58:50 +0000
Kuwait Logistics: Increased Competition for Shrinking Market https://www.marcopolis.net/kuwait-logistics-increased-competition-for-the-shrinking-pie.htm https://www.marcopolis.net/kuwait-logistics-increased-competition-for-the-shrinking-pie.htm Eng. Rawaf I. Bourisli,

Interview with Eng. Rawaf I. Bourisli, Chairman of Kuwait Dynamics. The western defense contractors have decreased. But on the other hand, there has been a substantial increase in international construction companies.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 04 Apr 2012 13:20:07 +0000
Kuwait Industrial Policy 2012: New Laws, Diversification & Investments https://www.marcopolis.net/kuwait-industrial-policy-2012-new-laws-diversification-a-investments.htm https://www.marcopolis.net/kuwait-industrial-policy-2012-new-laws-diversification-a-investments.htm Dr. Amani Khalid Bouresli, Former Minister of Commerce and Industry

Interview with Dr. Amani Khalid Bouresli, Former Minister of Commerce and Industry. Kuwait is totally dependent on oil revenue. One of the major objectives of the development plan is to diversify the economy and with the Kuwait industrial authority, the new standards are set in a way to encourage more new industries, not only chemicals.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 05 Apr 2012 13:02:47 +0000
Kuwait Capital Market 2012: CMA, Outlook, Equities, Bonds https://www.marcopolis.net/kuwait-capital-market-2012-cma-outlook-equities-bonds.htm https://www.marcopolis.net/kuwait-capital-market-2012-cma-outlook-equities-bonds.htm Sadoun A. Ali, Managing Director and CEO of KAMCO

Interview with Sadoun A. Ali, Managing Director & CEO of KAMCO. Kuwait has to regain the trust of international investors. The capital markets need to be structured in a way that should abide by the most recent rules and regulations. The Capital Markets Authority is coming in very difficult times; it is late to be implemented after the crisis. The difficulty that they are facing is the time.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 10 Apr 2012 00:00:00 +0000
Al Seef Hospital: Interview with the CEO of Al Seef Hospital https://www.marcopolis.net/al-seef-hospital-interview-with-the-ceo-of-al-seef-hospital.htm https://www.marcopolis.net/al-seef-hospital-interview-with-the-ceo-of-al-seef-hospital.htm Yousif Abou Zahr, CEO of Al Seef Hospital

Interview with Mr. Yousif Abou Zahr, CEO of Al Seef Hospital. Al Seef hospital is a member of United Medical Service (UMS), which is the largest company in the private health care sector.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 11 Apr 2012 20:35:32 +0000
Child Care in Kuwait: Palliative Care for Children https://www.marcopolis.net/child-care-in-kuwait-palliative-care-for-children.htm https://www.marcopolis.net/child-care-in-kuwait-palliative-care-for-children.htm Mrs. Margaret Al-Sayer, Founding Director of Bayt Abdullah Children's Hospice

Interview with Margaret Al-Sayer, Founding Director of Bayt Abdullah Children's Hospice. Bayt Abdullah Children's Hospice in Kuwait is a place where special care is given; pediatric palliative care for children. A child is different from an adult; a child needs the specialist care of trained child doctors. Bayt Abdullah was designed to help those children who need it the most.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 12 Apr 2012 15:36:08 +0000
The Famous Three Kuwait Towers https://www.marcopolis.net/the-famous-three-kuwait-towers.htm https://www.marcopolis.net/the-famous-three-kuwait-towers.htm The Famous Kuwait Towers


Monuments in Kuwait

Visit the famous three Kuwait Towers located at the tip of Kuwait City thereby offering a magnificient view on Kuwaiti coastline.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 13 Apr 2012 11:42:22 +0000
Kuwait's Economy: Outlook 2012, GDP, Inflation, Current Accounts & Monetary Policy https://www.marcopolis.net/kuwaits-economy-outlook-2012-gdp-inflation-current-accounts-a-monetary-policy.htm https://www.marcopolis.net/kuwaits-economy-outlook-2012-gdp-inflation-current-accounts-a-monetary-policy.htm Kuwait's Economy: Outlook 2012, GDP, Inflation, Current Accounts & Monetary PolicyThe Kuwaiti economy is over-dependent on oil and gas sector and lacks diversification in the non-oil sectors.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 29 Jun 2012 00:00:00 +0000
Economy of Kuwait in 2012: Growth, Diversification, Inflation https://www.marcopolis.net/economy-of-kuwait-in-2012-growth-diversification-inflation.htm https://www.marcopolis.net/economy-of-kuwait-in-2012-growth-diversification-inflation.htm Faisal Hasan, Senior Vice President and Head of Research and Publications of Global Investment House

Interview with Faisal Hasan, Senior Vice President and Head of Research and Publications of Global Investment House. Detailed assessment of the Kuwaiti economy for 2012 by the Global Investment House Head of Research. Mr. Hasan talks also about the growth in Kuwait, badly needed diversification of the economy and much more.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 28 Jun 2012 13:10:23 +0000
Shaimaa Al Najdi: Wataniya Has Something for Everyone https://www.marcopolis.net/shaimaa-al-najdi-wataniya-has-something-for-everyone.htm https://www.marcopolis.net/shaimaa-al-najdi-wataniya-has-something-for-everyone.htm Shaimaa Al Najdi, Senior Director of TPMO and Network Implementation Department at Wataniya Telecom

Interview with Shaimaa Al Najdi, Senior Director of TPMO and Network Implementation Department at Wataniya Telecom. Wataniya has something for everyone, says Shaimaa Al Najdi. Smartphones for the young Kuwaitis, business tools for entrepreneurs and great value for the low-income clients. Wataniya Kuwait is also different because of the attention the telecom pays to details.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Mon, 02 Jul 2012 09:27:02 +0000
Husain Mairza - Biography https://www.marcopolis.net/husain-mairza-biography.htm https://www.marcopolis.net/husain-mairza-biography.htm Husain Mairza Biography

Husain Mairza: Biography

Husain first joined Gulf Bank from 1989 until 2003, and then rejoined the Bank in 2010 as Chief Information Officer and Deputy General Manager (IT).

Prior to rejoining Gulf Bank, he worked as Head of Systems Development at Al Ahli Bank of Kuwait (ABK), and as Head of Systems Engineering Division, Assistant General Manager, at the National Bank of Kuwait (NBK).

Company Profile

Videos:
Lending Opportunities for Kuwait's Banking Sector
Kuwait: Banking Sector in 2012-2013
Competition in Kuwait's Banking Sector
Corporate Banking in Kuwait
Differentiation of Gulf Bank in Kuwait
Gulf Bank's Governance
Gulf Bank's Performance in 2012
Gulf Bank's Strategy
Retail Banking in Kuwait
Project Finance and Kuwait's Development Plan

Husain holds an Executive Masters Degree in Business Administration from the American University of Beirut, and a Bachelor's degree in Computer Science, from the University of Wisconsin, Oshkosh (UWO - USA).

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 03 Aug 2012 00:00:00 +0000
Gulf Bank: Strategy to Become the Best Bank in Kuwait https://www.marcopolis.net/gulf-banks-qrags-to-riches-to-rags-and-back-to-riches-againq-storyline.htm https://www.marcopolis.net/gulf-banks-qrags-to-riches-to-rags-and-back-to-riches-againq-storyline.htm Gulf Bank of Kuwait

The story of Gulf Bank can be classified as the "rags-to-riches-to-rags-and-back-to-riches-again" story. Why? Read about the inspiring success story of Gulf Bank.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 14 Aug 2012 00:00:00 +0000
Kuwait’s banking system: Moody’s maintains a “stable” outlook on Kuwait’s banking https://www.marcopolis.net/kuwaits-banking-system-moodys-maintains-a-stable-outlook-on-kuwaits-banking.htm https://www.marcopolis.net/kuwaits-banking-system-moodys-maintains-a-stable-outlook-on-kuwaits-banking.htm Kuwait's banking system: Moody's maintains a

 

Moody's Investors Service issued a report on Kuwait's banking system in which it indicated that the outlook on the sector remains "stable", unchanged since 2011.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 17 Jul 2013 06:41:33 +0000
Interior Fit Out Contracting Projects in Kuwait https://www.marcopolis.net/interior-fit-out-contracting-projects-in-kuwait.htm https://www.marcopolis.net/interior-fit-out-contracting-projects-in-kuwait.htm Interior Fit Out Contracting Projects in Kuwait"Dahan is involved in interior fit out contracting. We execute many spaces such as restaurants, shops, boutiques, banks, and office spaces. We are purely executers and builders. We do not offer any kind of design services or business requirements for the retailers," says Sameer Al Dahan, Managing Partner at Dahan General Trading & Contracting.

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Kuwait Report Tue, 21 Mar 2017 14:09:37 +0000
Gulf Bank https://www.marcopolis.net/gulf-bank.htm https://www.marcopolis.net/gulf-bank.htm

Gulf Bank is a Kuwait based financial institution providing a wide range of financial and investment services.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Fri, 24 Mar 2017 10:28:52 +0000
Jawad Ahmed Bukhamseen https://www.marcopolis.net/jawad-ahmed-bukhamseen.htm https://www.marcopolis.net/jawad-ahmed-bukhamseen.htm

The Bukhamseen Holding was established in 1957 and has become a huge multifaceted conglomerate.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Sat, 25 Mar 2017 18:05:25 +0000
ACK Signs Partnering Agreement with Engineers Australia https://www.marcopolis.net/ack-signs-partnering-agreement-with-engineers-australia.htm https://www.marcopolis.net/ack-signs-partnering-agreement-with-engineers-australia.htm ACK Signs Partnering Agreement with Engineers Australia

The Australian College of Kuwait (ACK) has signed a Strategic Partnering Agreement with the Engineers Australia Association (EA).

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Tue, 11 Apr 2017 14:36:51 +0000
Kuwait Finance and Investment Company (KFIC) 2016 Financial Results: 211,000 KD Net Profit for 2016 https://www.marcopolis.net/kuwait-finance-and-investment-company-kfic-2016-financial-results-211-000-kd-net-profit-for-2016.htm https://www.marcopolis.net/kuwait-finance-and-investment-company-kfic-2016-financial-results-211-000-kd-net-profit-for-2016.htm Kuwait Finance and Investment Company (KFIC) 2016 Financial Results

Kuwait Finance and Investment Company (KFIC) notably attained a 211 thousand KD net profit in the 2016 financial year.

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scherzando@marcopolis.net (Scherzando Blaise Karasu) Kuwait Report Wed, 12 Apr 2017 05:09:18 +0000
KFIC Announces a New Collaboration with Midas Furniture https://www.marcopolis.net/kfic-announces-a-new-collaboration-with-midas-furniture.htm https://www.marcopolis.net/kfic-announces-a-new-collaboration-with-midas-furniture.htm KFIC Announces a New Collaboration with Midas Furniture

Kuwait Finance and Investment Company (KFIC) announced its that its financing services sector (Tamwilia) signed an agreement of cooperation with Midas furniture for the needs of Midas’ clients for home furniture.

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scherzando@marcopolis.net (Scherzando Blaise Karasu) Kuwait Report Tue, 18 Apr 2017 08:42:09 +0000
Hessa Al Mubarak Project and Other 2017 Real-Estate Projects by Ahmadiah Contracting https://www.marcopolis.net/hessa-al-mubarak-project-and-other-2017-real-estate-projects-by-ahmadiah-contracting.htm https://www.marcopolis.net/hessa-al-mubarak-project-and-other-2017-real-estate-projects-by-ahmadiah-contracting.htm Hessa Al Mubarak Project and Other 2017 Real-Estate Projects by Ahmadiah Contracting"Projects that are under execution with the private sector include a 300,000m2 commercial development in the south of Kuwait called the Al Kout project. This is a retail project connected to a hotel we had built a few years back called the Rotana Hotel, connected to another mall that we had built in early 2007," says Elie N. Hani, Deputy CEO of Ahmadiah Contracting.

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Kuwait Report Wed, 26 Apr 2017 07:51:57 +0000
AUK Strategy for 2017: Expanding Facilities and Increasing Collegiality https://www.marcopolis.net/auk-strategy-for-2017-expanding-facilities-and-increasing-collegiality.htm https://www.marcopolis.net/auk-strategy-for-2017-expanding-facilities-and-increasing-collegiality.htm AUK Strategy for 2017: Expanding Facilities and Increasing Collegiality"Although I have been familiar with the institution for almost seven years, I did just arrive, so I am focusing on listening to ideas that people have and responding to suggestions that people are making," says Dr. Earl (Tim) Sullivan, President of the American University of Kuwait (AUK)

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Kuwait Report Wed, 26 Apr 2017 09:03:41 +0000
Catering Market in Kuwait - Overview by Alghanim Catering https://www.marcopolis.net/catering-market-in-kuwait-overview-by-alghanim-catering.htm https://www.marcopolis.net/catering-market-in-kuwait-overview-by-alghanim-catering.htm Catering Market in Kuwait - Overview by Alghanim Catering"For now, there is a good amount of potential. Government contracts are the cornerstone of all catering companies that deal in Kuwait and want to generate large amounts of revenue. Government contracts now and what we have seen over the past several decades are quite consistent in terms of catering," says Badder Al-Ghanim, CEO (Board Member) of Alghanim Catering (Al-Awama Group).

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Kuwait Report Tue, 02 May 2017 14:26:30 +0000
Al-Yousifi Group Kuwait & Electronics Retail: Overview by Adel Easa Al-Yousifi https://www.marcopolis.net/al-yousifi-group-kuwait-electronics-retail-overview-by-adel-easa-al-yousifi.htm https://www.marcopolis.net/al-yousifi-group-kuwait-electronics-retail-overview-by-adel-easa-al-yousifi.htm Al-Yousifi Group Kuwait & Electronics Retail: Overview by Adel Easa Al-Yousifi"Al-Yousifi was established in 1955 by my father. He took the agency of National, which is now Panasonic. We have especially grown after the 1991 liberation. Until 1994 or 1995, we were number one in electronics in Kuwait. We were only concentrating on Panasonic at that time, because the deal between us and Japan was to not have other brands in our showroom," says Adel Easa Al-Yousifi, Senior Vice Chairman and Managing Director of Al-Yousifi Group.

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Kuwait Report Tue, 02 May 2017 14:32:24 +0000
Automotive Spare Part Industry in Kuwait: KAPICO https://www.marcopolis.net/automotive-spare-part-industry-in-kuwait-kapico.htm https://www.marcopolis.net/automotive-spare-part-industry-in-kuwait-kapico.htm Automotive Spare Part Industry in Kuwait: KAPICO"KAPICO Group is a holding family group between two families. The Al-Ghannam family started with my father along with his two brothers, Ahmed and Yusuf. In 1950, they bought a small shop for used spare parts," says Ahmed A. Al-Ghannam, Chairman of KAPICO Group Holding.

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Kuwait Report Wed, 03 May 2017 08:25:15 +0000
GCC Equity Markets April 2017 Review by Kuwait Finance and Investment Company (KFIC) https://www.marcopolis.net/gcc-equity-markets-april-2017-review-by-kuwait-finance-and-investment-company-kfic.htm https://www.marcopolis.net/gcc-equity-markets-april-2017-review-by-kuwait-finance-and-investment-company-kfic.htm GCC Equity Markets April 2017 Review by Kuwait Finance and Investment Company (KFIC)

According to the Equity Markets April 2017 Review by Kuwait Finance and Investment Company (KFIC), GCC equities, as indicated by the MSCI GCC IMI Index, fell by -1.2%. Abu Dhabi’s ADX General Index was the top performing regional index and Qatar’s QE Index was the worst performing.

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scherzando@marcopolis.net (Scherzando Blaise Karasu) Kuwait Report Sun, 14 May 2017 07:16:32 +0000
Reinforcing Kuwait’s Construction Sector: HOT Engineering Signed an Agency Agreement with Vietnam’s HOA BINH https://www.marcopolis.net/reinforcing-kuwait-s-construction-sector-hot-engineering-signed-an-agency-agreement-with-vietnam-s-hoa-binh.htm https://www.marcopolis.net/reinforcing-kuwait-s-construction-sector-hot-engineering-signed-an-agency-agreement-with-vietnam-s-hoa-binh.htm Reinforcing Kuwait’s Construction Sector: HOT Engineering Signed an Agency Agreement with Vietnam’s HOA BINH

HOT Engineering & Construction Co., a leading engineering construction company in Kuwait, has taken a significant step forward today and is pleased to announce that it has officially signed an Agency Agreement with HOA BINH Construction and Real Estate Corporation of Vietnam.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Thu, 18 May 2017 06:12:35 +0000
Industrial Companies in Kuwait | List of Top 10 Industry Companies https://www.marcopolis.net/top-industrial-companies-in-kuwait.htm https://www.marcopolis.net/top-industrial-companies-in-kuwait.htm The list will inlude the list of major non-petrochemical industrial companies in Kuwait. The industry in Kuwait is dominated by the petrochemical industry (for the list of petrochemical industry companies follow the link).

Top Construction Companies in Kuwait

 

According to NBK Capital the industrial sector’s share of Kuwait’s total GDP remains small, at under 10%. The break up of the sector is (Refining industry 27%, Construction Industry 21%, Manufacturing Industry 22% and Chemicals 10%)

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]]> editor3@marcopolis.net (Ben Novak) Kuwait Report Sun, 12 Feb 2012 16:09:05 +0000 Al Ahli Bank of Kuwait https://www.marcopolis.net/al-ahli-bank-of-kuwait.htm https://www.marcopolis.net/al-ahli-bank-of-kuwait.htm Al Ahli Bank of Kuwait Deputy CEO Mr. Mr. Abdullah Al Sumait

Interview with Abdullah Al Sumait, Deputy CEO of Al Ahli Bank of Kuwait (ABK). Al Ahli Bank of Kuwait is considered to be rather a conservative bank. With other two branches in the UAE, Al Ahli Bank of Kuwait is financing many projects of Kuwaiti and also Emirati companies. Al Ahli Bank of Kuwait will be opening new retail branches during 2012.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 15 Feb 2012 10:32:01 +0000
High Quality Healthcare in Kuwait https://www.marcopolis.net/high-quality-healthcare-in-kuwait.htm https://www.marcopolis.net/high-quality-healthcare-in-kuwait.htm Dr. Tareq Al Mukhaizeem, Chairman and Managing Director of Al Salam International Hospital

Interview with Dr. Tareq Al Mukhaizeem, Chairman and Managing Director of Al Salam International Hospital. Dr. Al Mukhaizeem talks about the needed changes in the regulations of the healthcare system in Kuwait. Healthcare system and services in Kuwait are of high quality. Al Salam International Hospital is a leader in excellence and a provider of high quality healthcare in Kuwait.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 16 Feb 2012 09:17:49 +0000
Al Zahem International Group: Kuwait's Oil and Gas Projects https://www.marcopolis.net/al-zahem-international-group-kuwaits-oil-and-gas-projects.htm https://www.marcopolis.net/al-zahem-international-group-kuwaits-oil-and-gas-projects.htm Faisal Al Zahem, Chairman of Al Zahem International Group

Interview with Faisal Al Zahem, Chairman of Al Zahem International Group

The problem we are facing in Kuwait today is the tendering system; to win your tender, you have to have the cheapest price for an accepted tender.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 10 Apr 2012 12:34:27 +0000
Higher Education in Kuwait | Australian College of Kuwait https://www.marcopolis.net/higher-education-in-kuwait-australian-college-of-kuwait.htm https://www.marcopolis.net/higher-education-in-kuwait-australian-college-of-kuwait.htm Abdullah Abdul Mohsen Al Sharhan, Chairman of Australian College of Kuwait

Interview with Abdullah Abdul Mohsen Al Sharhan, Chairman of Australian College of Kuwait. What is unique about us is that we have project-based learning. Knowing that the high school graduates love to work with each other, you don’t overwhelm them with theories, you give them some theory and then, they have to work together on projects.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 11 Apr 2012 12:16:37 +0000
Food Retail Industry in Kuwait to Grow by 8% https://www.marcopolis.net/food-retail-industry-in-kuwait-to-grow-by-8.htm https://www.marcopolis.net/food-retail-industry-in-kuwait-to-grow-by-8.htm Garry Walsh, CEO of Mezzan Holding

Interview with Garry Walsh, CEO of Mezzan Holding. I think, the average retail growth was about 16%. You won’t find anywhere in Western Europe or America anything that would match such growth rate. I expect no less than 8% in the next ten years.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 12 Apr 2012 16:57:56 +0000
Burgan Bank's Strategy: "Regional Growth & Strong Balance Sheet" https://www.marcopolis.net/burgan-banks-strategy-qregional-growth-a-strong-balance-sheetq.htm https://www.marcopolis.net/burgan-banks-strategy-qregional-growth-a-strong-balance-sheetq.htm Kuwait Banking Sector 2012: Burgan Bank and Other Banks in Kuwait

Interview with Eduardo Eguren, Chief Executive Officer of Burgan Bank. Burgan Bank is optimistic about the outlook for the banking sector in Kuwait in 2012; there will be growth in the sector but only a moderate. Kuwaiti banks have been affected by the crisis and they are slowly getting back on the old tracks. An example of this could be Burgan Bank which reduced its cost of credit by 72% last year.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 30 May 2012 00:00:00 +0000
Art of Kuwait: Dar al-Athar al-Islamiyyah Art Collection https://www.marcopolis.net/art-of-kuwait-dar-al-athar-al-islamiyyah-art-collection.htm https://www.marcopolis.net/art-of-kuwait-dar-al-athar-al-islamiyyah-art-collection.htm Art of Kuwait: Dar al-Athar al-Islamiyyah Art Collection


Museums in Kuwait

To see the Kuwaiti private art collection is a must not only for the Kuwaitis but also visitors. Explore the Kuwaiti story of art at Dar al-Athar al-Islamiyyah in Kuwait.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 13 Apr 2012 11:18:38 +0000
Education in Kuwait: Report on Higher Education in Kuwait https://www.marcopolis.net/education-in-kuwait-report-on-higher-education-in-kuwait.htm https://www.marcopolis.net/education-in-kuwait-report-on-higher-education-in-kuwait.htm Education in Kuwait: Institutions of Higher Education


Learning for Life: Kuwait might not be at the top of the usual MBA Business School rankings, but the northern Gulf state does have institutions of higher education which are highly regarded in the region.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 26 Jun 2012 08:03:16 +0000
Kuwait's Foreign Policy: Balance, and a Helping Hand https://www.marcopolis.net/kuwait-foreign-policy-balance-and-a-helping-hand.htm https://www.marcopolis.net/kuwait-foreign-policy-balance-and-a-helping-hand.htm foreign-relations-kuwait

Since the fall of the old regime in Iraq in 2003, Kuwait's foreign policy has shifted from a look-south attitude to a helicopter view of the Gulf region.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 04 Jul 2012 00:00:00 +0000
Wataniya Kuwait: Building One of the Most Respectable Brands in Kuwait https://www.marcopolis.net/wataniya-kuwait-building-one-of-the-most-respectable-brands-in-kuwait.htm https://www.marcopolis.net/wataniya-kuwait-building-one-of-the-most-respectable-brands-in-kuwait.htm Riham Al Ayyar, Senior Director of Communications and Customer Experience at Wataniya Telecom

Interview with Riham Al Ayyar, Senior Director of Communications and Customer Experience at Wataniya Telecom. Riham Al Ayyar is very enthusiastic about Wataniya Telecom and there is no wonder. From her words, Wataniya seems to be a perfect company where progress and growth is not limited to the organization only. Wataniya Telecom wants the community and Kuwait itself to grow with them and they are doing a great job so far.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 29 Jun 2012 14:46:29 +0000
Wataniya Telecom: Reasons Behind the Success of Wataniya Kuwait https://www.marcopolis.net/wataniya-telecom-reasons-behind-the-success-of-wataniya-kuwait.htm https://www.marcopolis.net/wataniya-telecom-reasons-behind-the-success-of-wataniya-kuwait.htm Amer Hayat, Senior Director of Direct Sales at Wataniya Telecom

Interview with Amer Hayat, Senior Director of Direct Sales at Wataniya Telecom. Amer Hayat shares his view on Wataniya Telecom Kuwait with which he has been in love since the very first day of his work. Mr. Hayat believes that the motivated employers of Wataniya are the reason for its success.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 29 Jun 2012 15:43:33 +0000
Mark Magnacca - Biography https://www.marcopolis.net/mark-magnacca-biography.htm https://www.marcopolis.net/mark-magnacca-biography.htm Mark Magnacca Biography

Mark Magnacca: Biography

Mark joined Gulf Bank in 2004 as VP and Head of Marketing and then became Chief Marketing Officer, so he is now responsible for all aspects of marketing as well as the management of all Electronic Banking Channels including the Customer Contact Center, External Communications and Research.

Mark has extensive international experience in consumer marketing, international brand management and new business acquisition. He has worked successfully in a number of senior marketing roles globally and in Europe, North America, the Middle East and Asia having spent a major part of his career with British American Tobacco (BAT).

Company Profile

Videos:
Lending Opportunities for Kuwait's Banking Sector
Kuwait: Banking Sector in 2012-2013
Competition in Kuwait's Banking Sector
Corporate Banking in Kuwait
Differentiation of Gulf Bank in Kuwait
Gulf Bank's Governance
Gulf Bank's Performance in 2012
Gulf Bank's Strategy
Retail Banking in Kuwait
Project Finance and Kuwait's Development Plan

Mark has an MBA from Ashridge Management College (England) and holds a Bachelor of Commerce Degree with Honors from Queen's University (Canada).

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 03 Aug 2012 00:00:00 +0000
Gulf Bank's Governance https://www.marcopolis.net/gulf-banks-governance.htm https://www.marcopolis.net/gulf-banks-governance.htm Gulf Bank's Governance

 

Michel Accad, CEO of Gulf Bank, talks about the governance of the second largest bank in Kuwait.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 02 Aug 2012 12:41:58 +0000
Gulf Bank's Performance in 2012 https://www.marcopolis.net/gulf-banks-performance-in-2012.htm https://www.marcopolis.net/gulf-banks-performance-in-2012.htm Gulf Bank's Performance in 2012

 

Michel Accad, CEO of Gulf Bank, offers intriguing insights into the financial performance of Gulf Bank.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 02 Aug 2012 12:59:25 +0000
Gulf Bank's Strategy https://www.marcopolis.net/gulf-banks-strategy.htm https://www.marcopolis.net/gulf-banks-strategy.htm Gulf Bank's Strategy

 

The ambition of Gulf Bank is to be a dominant player in the Kuwaiti retail and commercial banking space.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 02 Aug 2012 13:07:26 +0000
Project Finance and Kuwait's Development Plan https://www.marcopolis.net/project-finance-and-kuwaits-development-plan.htm https://www.marcopolis.net/project-finance-and-kuwaits-development-plan.htm Project Finance and Kuwait's Development Plan

 

Michel Accad, CEO of Gulf Bank, shares his views on the Kuwaiti economy and the Kuwait Development Plan.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 02 Aug 2012 13:17:59 +0000
Retail Banking in Kuwait https://www.marcopolis.net/retail-banking-in-kuwait.htm https://www.marcopolis.net/retail-banking-in-kuwait.htm Retail Banking in Kuwait

 

Michel Accad, CEO of Gulf Bank, identifies various opportunities within the retail banking segment in Kuwait.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 02 Aug 2012 13:24:00 +0000
Mohammed Alshaya https://www.marcopolis.net/mohammed-alshaya.htm https://www.marcopolis.net/mohammed-alshaya.htm  

Mohammed Alshaya

Mohammad Alshaya heads one of Kuwait’s wealthiest business conglomerates, the Alshaya Group.

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test@gmail.com (Super User) Kuwait Report Sat, 03 Jan 2015 05:21:33 +0000
Kuwait: Economy to Grow 3-5% in 2015 says KAMCO https://www.marcopolis.net/kuwait-economy-to-grow-3-5-in-2015-says-kamco.htm https://www.marcopolis.net/kuwait-economy-to-grow-3-5-in-2015-says-kamco.htm

Kuwait is an oil related economy, with the energy sector dominating the economy. Oil and oil related products constitute about 55 to 60% of Kuwait’s GDP. A sharp drop in oil prices, like a 40% drop, is going to affect the economy. The nominal GDP will get affected. Real GDP will depend on how OPEC reacts about 6 months down the line.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Wed, 24 Jun 2015 10:39:30 +0000
Business Solutions Provider in Kuwait: Relax Solutions https://www.marcopolis.net/business-solutions-provider-in-kuwait-relax-solutions.htm https://www.marcopolis.net/business-solutions-provider-in-kuwait-relax-solutions.htm

"Everywhere we used to see challenges that needed solutions, and for all the problems in the world, there are solutions. We wanted to start giving solutions to the people and to charge them for it."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Tue, 21 Feb 2017 08:05:25 +0000
Fast Track Construction Projects Contractor in Kuwait: Ahmadiah Contracting https://www.marcopolis.net/fast-track-construction-projects-contractor-in-kuwait-ahmadiah-contracting.htm https://www.marcopolis.net/fast-track-construction-projects-contractor-in-kuwait-ahmadiah-contracting.htm

"We are known to work on fast track, design development projects. We started that process back in the 70s with one of the real estate companies called Salhia Real Estate. We did the Salhia Mall that is still considered to be the mall with a very large number of prime brands like Louis Vuitton and others."

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Tue, 31 Jan 2017 12:38:00 +0000
Al Ahli Bank of Kuwait (ABK) https://www.marcopolis.net/al-ahli-bank-of-kuwait-abk.htm https://www.marcopolis.net/al-ahli-bank-of-kuwait-abk.htm

Al Ahli Bank of Kuwait is the Best Retail Bank in Kuwait for 2017 as it recently won the prestigious Best Retail Bank in Kuwait award from The Asian Banker for the second year in a row.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Fri, 24 Mar 2017 10:32:58 +0000
Orchid Real Estate: Reselling Residential and Commercial Properties in Kuwait https://www.marcopolis.net/orchid-real-estate-reselling-residential-and-commercial-properties-in-kuwait.htm https://www.marcopolis.net/orchid-real-estate-reselling-residential-and-commercial-properties-in-kuwait.htm Orchid Real Estate: Reselling Residential and Commercial Properties in Kuwait"My company is called Orchid Real Estate. We are active and operate in local and international residential and commercial real estate sectors. I am also the chairman of Jood Gulf Holding Company," says Nouria Al-Neama, Vice Chairman and MD of Orchid Real Estate.

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Kuwait Report Wed, 26 Apr 2017 08:26:49 +0000
Gulf Real Estate: ALARGAN Real-Estate Company https://www.marcopolis.net/gulf-real-estate-alargan-leading-real-estate-company-in-the-gulf.htm https://www.marcopolis.net/gulf-real-estate-alargan-leading-real-estate-company-in-the-gulf.htm Khaled-Al-Mashaan-CEO-ALAGRAN-International-Real-Estate-Company.jpg

Interview with Khaled Al Mashaan, Chairman and Managing Director of ALAGRAN International Real Estate Company. ALARGAN Real Estate have been very focused on middle income housing. I would say more than 80% of our investments cater to this segment of the market.  As the housing projects get larger we need to provide the infrastructure for these communities and the required supportive facilities.  We always strive to provide the best quality for the price and we are very much in touch with our clients.  We enhance our units on a monthly basis and this gives us a competitive edge due to our focus.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 01 Apr 2010 01:07:28 +0000
Top Construction Companies | Top 10 Contractors in Kuwait https://www.marcopolis.net/top-construction-companies-and-top-contracting-companies-in-kuwait.htm https://www.marcopolis.net/top-construction-companies-and-top-contracting-companies-in-kuwait.htm View the top Construction Companies and Top Contracting Companies in Kuwait. Kuwait's construction industry is expected to grow by 2.5 percent in 2011 to be worth $2.4bn, according to latest data released by Business

Top Construction Companies in Kuwait

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editor3@marcopolis.net (Ben Novak) Kuwait Report Sun, 12 Feb 2012 12:30:48 +0000
Kuwait: Helping Developing Countries in Development https://www.marcopolis.net/kuwait-helping-developing-countries-in-development.htm https://www.marcopolis.net/kuwait-helping-developing-countries-in-development.htm

The Kuwait Fund for Arab Economic Development, known as the Kuwait Fund, celebrated recently its 50th anniversary. But according to its General Director Abdulwahab Al-Bader, the Fund's journey in helping the most in need is far from over.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Mon, 23 Apr 2012 00:00:00 +0000
One of the Best Universities in Kuwait: American University of Kuwait https://www.marcopolis.net/one-of-the-best-universities-in-kuwait-american-university-of-kuwait.htm https://www.marcopolis.net/one-of-the-best-universities-in-kuwait-american-university-of-kuwait.htm AUK Liberal Arts in Kuwait

The American University of Kuwait (AUK) is one of the best universities in Kuwat; an independent, private, equal opportunity, and coeducational liberal arts institution of higher education. The educational, cultural, and administrative structure, methods and standards of AUK are based on the American model of higher learning.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 29 Jun 2012 00:00:00 +0000
Hatem Badr - Biography https://www.marcopolis.net/hatem-badr-biography.htm https://www.marcopolis.net/hatem-badr-biography.htm Hatem Badr Biography

Hatem Badr: Biography

Prior to joining Gulf Bank in late 2009 as General Counsel & General Manager - Legal Affairs, Hatem was a Partner – Chief General Counsel, Head of Regulatory Affairs and Corporate Secretary at Rasmala Investment Holding Ltd, DIFC, Dubai, where he supported the group of companies across UAE, KSA, Egypt, Oman and the UK.

He has over 25 years experience in legal, compliance and board affairs matters. During the span of his career, Hatem has worked with different international law firms such as White & Case in New York, Freshfields in London and Baker & McKenzie in Cairo. He also worked as General Counsel for Citigroup for 7 years to initially cover the North & West African region out of Cairo and then to cover the Gulf Region out of Bahrain. He, thereafter, assumed the role of Managing Director and General Counsel for the private equity firm of Gulf Capital in Abu Dhabi.

Company Profile

Videos:
Lending Opportunities for Kuwait's Banking Sector
Kuwait: Banking Sector in 2012-2013
Competition in Kuwait's Banking Sector
Corporate Banking in Kuwait
Differentiation of Gulf Bank in Kuwait
Gulf Bank's Governance
Gulf Bank's Performance in 2012
Gulf Bank's Strategy
Retail Banking in Kuwait
Project Finance and Kuwait's Development Plan

Hatem has a Masters degree in Banking, Corporate and Finance Law from Fordham University in New York.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 03 Aug 2012 00:00:00 +0000
Commercial Bank of Kuwait (CBK) https://www.marcopolis.net/commercial-bank-of-kuwait-cbk.htm https://www.marcopolis.net/commercial-bank-of-kuwait-cbk.htm

Commercial Bank of Kuwait is one of the largest financial institutions in Kuwait. Established in 1960 it is the second oldest bank in Kuwait.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Fri, 24 Mar 2017 10:36:03 +0000
Sheikha Suad Al Humaidhi https://www.marcopolis.net/sheikh-suad-al-humaidhi.htm https://www.marcopolis.net/sheikh-suad-al-humaidhi.htm

Sheikha Suad Al Humaidhi is the widow of the late Sheikh Jaber Al Sabah, a prominent figure of the ruling family of Kuwait.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Sat, 25 Mar 2017 18:12:17 +0000
GCC Equity Markets Q1 2017 Review by Kuwait Finance and Investment Company (KFIC) https://www.marcopolis.net/gcc-equity-markets-q1-2017-review-by-kuwait-finance-and-investment-company-kfic.htm https://www.marcopolis.net/gcc-equity-markets-q1-2017-review-by-kuwait-finance-and-investment-company-kfic.htm GCC Equity Markets Q1 2017 Review by Kuwait Finance and Investment Company (KFIC)

According to the Equity Markets Quarterly Review by Kuwait Finance and Investment Company (KFIC), GCC equities, as indicated by the MSCI GCC IMI index, fell by -1.3% QTD in Q1 2017. Bahrain’s BB All Share index was the top performing GCC index, followed by impressive quarterly performance from Kuwait’s Weighted Index.

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scherzando@marcopolis.net (Scherzando Blaise Karasu) Kuwait Report Thu, 13 Apr 2017 06:59:50 +0000
Construction & Infrastructure Projects in Kuwait by Combined Group https://www.marcopolis.net/construction-infrastructure-projects-in-kuwait-by-combined-group.htm https://www.marcopolis.net/construction-infrastructure-projects-in-kuwait-by-combined-group.htm Construction & Infrastructure Projects in Kuwait by Combined Group"We are participating in many sectors, such as construction, roads, oil, bridges, and infrastructure. We participate in any projects announced through the CTC. The value of the projects varies for each sector. The sectors with the greatest value are roads and bridges, followed by the oil sector, construction, building, and lastly, other divisions," says Dr. Nabeel Abdul Haleem Ali, Consultant to Chairman for Shareholders Affairs at Combined Group.

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Kuwait Report Tue, 02 May 2017 06:12:08 +0000
Kuwait Mobile Operator VIVA https://www.marcopolis.net/kuwait-mobile-operator-viva.htm https://www.marcopolis.net/kuwait-mobile-operator-viva.htm Najeeb-Al-Awadi,-CEO,-VIVA.png

Interview with Najeeb Al Awadi. If you look at the demography of Kuwait it is unique and this  affects the telecom and mobile market in Kuwait. There are locals and expats and this allows us to diversify our services as Kuwait new mobile operator.  Our data services, for example, are unique because VIVA have come up with different data packages that VIVA, Kuwait new Mobile Operator offers. n the end this will benefit both the telecom market in Kuwait and the telecom customer in Kuwait.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 01 Apr 2010 11:02:18 +0000
Kuwait Retail: Kuwait Building Materials https://www.marcopolis.net/kuwait-retail-kuwait-building-materials.htm https://www.marcopolis.net/kuwait-retail-kuwait-building-materials.htm Khaled-Hassan-Abul,-Chairman-of-Abyat-Megastore.png

Interview with Khaled Hassan Abul. Abyat Megastore business looks very closely at Kuwait renovation and building materials market due to customer spending in Kuwait. Through salary increases and bonuses in government jobs in Kuwait that would mean more spending for building materials.  Abyat Megastore also looks at Kuwait new sites where new housing developments are going to be built. There is a gap there still but this is really a major market for us in building materials.  If there are new homes there is a need for new building materials, finishing materials, and furniture- this is where Abyat Megastore comes into play.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 01 Apr 2010 11:15:12 +0000
Kuwait Minister of Commerce and Industry https://www.marcopolis.net/kuwait-minister-of-commerce-and-industry.htm https://www.marcopolis.net/kuwait-minister-of-commerce-and-industry.htm ahmad-al-haroun-minister-of-commerce-and-industry.png Kuwait Minister of Commerce and Industry talks about the Kuwait 5 year development plan and Kuwait economy and defines the agenda of Kuwait ministry of commerce and industry for 2010.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Sat, 03 Apr 2010 01:34:38 +0000
Kuwait Economic Plan https://www.marcopolis.net/kuwait-economic-visionhtm.htm https://www.marcopolis.net/kuwait-economic-visionhtm.htm Kuwait-Economy-2010.png Kuwait strategic economic plan is worth 30 billion dinars (US$104 billion). On the agenda is a detailed roadmap to implement Kuwait economic plan a long-term strategy after years of short-term planning. It is the first of its kind since 1986.

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editor3@marcopolis.net (Gérard Al-Fil) Kuwait Report Wed, 07 Apr 2010 16:02:40 +0000
Universities in Kuwait | Top Public and Private Universities https://www.marcopolis.net/top-universities-in-kuwait.htm https://www.marcopolis.net/top-universities-in-kuwait.htm Top Universities in Kuwait are Kuwait University and some private universities. One of the major challenge for the education sector in Kuwait is demographics. Economist Intelligence Unit (EIU) estimates the 1.1 mn strong Kuwaiti population to grow at an average 3% over the next 3 years. Meaning that for the foreseeable future, there will be large numbers of young people coming into an educational system that has not yet been geared up to prepare sufficiently for that increase in student population.

Top Universities in Kuwait

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 10 Feb 2012 21:57:35 +0000
Real Estate and Construction Sector in Kuwait https://www.marcopolis.net/real-estate-and-construction-sector-in-kuwait.htm https://www.marcopolis.net/real-estate-and-construction-sector-in-kuwait.htm Eng. Rawaf I. Bourisli,

Interview with Eng. Rawaf I. Bourisli, General Manager of Action Real Estate Company. Eng. Bourisli is stating his outlook for both the real estate sector and construction sector in Kuwait. Though the real estate sector has not been affected that much Action Real Estate Company is going to concentrate on GCC region and Australia only.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 15 Feb 2012 16:59:19 +0000
Real-Estate Market in Kuwait: Demand for Residential Properties to Increase https://www.marcopolis.net/real-estate-market-in-kuwait-demand-for-residential-properties-to-increase.htm https://www.marcopolis.net/real-estate-market-in-kuwait-demand-for-residential-properties-to-increase.htm Ahmad Saud Al-Sumait, Chairman and Managing Director of United Towers

Interview with Ahmad Saud Al-Sumait, Chairman and Managing Director of United Towers. There are a lot of towers that have come to the GCC market. The United Tower is 270 metres tall, which is not the tallest in Kuwait, but we put emphasis on design.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 12 Apr 2012 06:43:52 +0000
Golf in Kuwait: Investment Plans, Golf Events & Tourism Outlook https://www.marcopolis.net/golf-in-kuwait-investment-plans-golf-events-a-tourism-outlook.htm https://www.marcopolis.net/golf-in-kuwait-investment-plans-golf-events-a-tourism-outlook.htm Hassan Bayerli, General Manager of Sahara Kuwait Resort

Interview with Hassan Bayerli, General Manager of Sahara Kuwait Resort. On December 14th, 2011, we had the honour of welcoming one of the top 5 golf players in the world, Mr. Colin Montgomerie, who used our golf course during a mini-tournament that we hosted.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 12 Apr 2012 09:04:58 +0000
Kuwait: Banking Sector Banking on Home-Made Challenges https://www.marcopolis.net/kuwait-banking-sector-banking-on-home-made-challenges.htm https://www.marcopolis.net/kuwait-banking-sector-banking-on-home-made-challenges.htm Kuwait-Banking-Sector---Banking-on-home-made-challenges

Although the well-capitalized Kuwaiti banking sector has digested the financial crisis by bringing down the share of non-performing loans (NPLs) and getting back to profits, the political ups and downs as well as the economic (oil) monoculture in the northern Gulf state prevent the sector from achieving its full potential.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 22 Jun 2012 00:00:00 +0000
Kuwait: Investment Environment to Remain Challenging https://www.marcopolis.net/kuwait-investment-environment-to-remain-challenging.htm https://www.marcopolis.net/kuwait-investment-environment-to-remain-challenging.htm Kuwaiti stocks and property, Kuwait investing

According to the independent rating agency, Capital Standards, "There are a total of 100 investment companies operating in Kuwait, with 54 operating within the confines of the Islamic Sharia provisions and the rest operating as conventional investment companies."

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 21 Jun 2012 16:17:02 +0000
Special Report: Oil and Gas Sector in Kuwait https://www.marcopolis.net/special-report-oil-and-gas-sector-in-kuwait.htm https://www.marcopolis.net/special-report-oil-and-gas-sector-in-kuwait.htm Oil and Gas of Kuwait: Investment into Energy

Although there is a lot of talk about planning for the "time after oil," the "black gold", along with gas, remains the primary source of income for the Kuwaiti government.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 26 Jun 2012 00:00:00 +0000
Aly Shalaby - Biography https://www.marcopolis.net/aly-shalaby-biography.htm https://www.marcopolis.net/aly-shalaby-biography.htm Aly Shalaby Biography

Aly Shalaby: Biography

Prior to joining Gulf Bank in 2010 as General Manager for Consumer Banking, Aly was with National Bank of Kuwait (NBK) where he was Group General Manager of their Consumer Banking Group.

With a career spanning 33 years in banking, Aly spent over half of those with NBK. Prior to this, he was Vice President in Citigroup (in Egypt and Switzerland), where he contributed to the establishment of Citibank Egypt in the initial stage of his banking career.

Company Profile

Videos:
Lending Opportunities for Kuwait's Banking Sector
Kuwait: Banking Sector in 2012-2013
Competition in Kuwait's Banking Sector
Corporate Banking in Kuwait
Differentiation of Gulf Bank in Kuwait
Gulf Bank's Governance
Gulf Bank's Performance in 2012
Gulf Bank's Strategy
Retail Banking in Kuwait
Project Finance and Kuwait's Development Plan

Aly recently completed Harvard Business School's Advanced Management Program.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 03 Aug 2012 00:00:00 +0000
Kuwait: Banking Sector in 2012-2013 https://www.marcopolis.net/kuwait-banking-sector-in-2012-2013.htm https://www.marcopolis.net/kuwait-banking-sector-in-2012-2013.htm Kuwait: Banking Sector in 2012-2013

 

Kuwait's banking sector will probably grow by 3-5% in 2012.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 02 Aug 2012 11:54:57 +0000
Competition in Kuwait's Banking Sector https://www.marcopolis.net/competition-within-banking-sector-of-kuwait.htm https://www.marcopolis.net/competition-within-banking-sector-of-kuwait.htm Competition Within Banking Sector of Kuwait

 

The competition in Kuwait's banking sector will intensify in 2012.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 02 Aug 2012 12:01:16 +0000
Corporate Banking in Kuwait https://www.marcopolis.net/corporate-banking-in-kuwait-and-project-finance-in-kuwait.htm https://www.marcopolis.net/corporate-banking-in-kuwait-and-project-finance-in-kuwait.htm corporate-banking-kuwait

 

Gulf Bank is a major corporate banking player in Kuwait. The corporate banking segment contributes 60-70% to the bank's income.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 02 Aug 2012 12:23:02 +0000
Differentiation of Gulf Bank in Kuwait https://www.marcopolis.net/differentiation-of-gulf-bank-in-kuwait.htm https://www.marcopolis.net/differentiation-of-gulf-bank-in-kuwait.htm Differentiation of Gulf Bank in Kuwait

 

Gulf Bank's major competitive edge is product innovation and differentiation in terms of excellent service.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 02 Aug 2012 12:36:56 +0000
Zain https://www.marcopolis.net/zain.htm https://www.marcopolis.net/zain.htm

Zain is the pioneer of mobile telecommunications in the Middle East. Founded in 1983 it was the region's first mobile operator and has since expanded rapidly.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Fri, 24 Mar 2017 10:37:44 +0000
Sheikh Salim Sabah Al Nasser Al Sabah https://www.marcopolis.net/sheikh-salim-sabah-al-nasser-al-sabah.htm https://www.marcopolis.net/sheikh-salim-sabah-al-nasser-al-sabah.htm

Sheikh Salim Sabah Al Nasser Al Sabah is the 15th ruler and 5th Emir of Kuwait and is also the Commander of the Military of Kuwait.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Sat, 25 Mar 2017 18:14:44 +0000
Kuwait Investment, Global Investment House https://www.marcopolis.net/kuwait-investment-global-investment-house.htm https://www.marcopolis.net/kuwait-investment-global-investment-house.htm maha-al-ghunaim-global-chairperson-managing-director_2.jpgMrs. Maha Al Ghunaim, Chairperson and Managing Director of Global Investment House. Our main challenge is to reposition the Global Investment House brand. The weak macroeconomic environment impacted Global Investment House operations negatively and in 2008 Global Investment House recorded our first loss in the company’s history. We are now working to deleverage the company, while maintaining our clients’ trust.  Global Investment House has revised its strategy to focus on our asset management, investment banking and brokerage activities and enhance our products and services.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 10 Feb 2010 00:00:00 +0000
Kuwait Luxury Retail Chalhoub Group https://www.marcopolis.net/kuwait-luxury-retail-chalhoub-group.htm https://www.marcopolis.net/kuwait-luxury-retail-chalhoub-group.htm Kuwait-Retail,-Anthony-Chalhoub,-Chalhoub-Group.jpg

Kuwait retail market is more mature market and Kuwait luxury retail market is probably the most mature market of the GCC countries in this field, with a long history of renowned luxury brands opening their first shop in Kuwait. Subsequently, Kuwaiti customers are very brand-aware; fashion-oriented and act as real trendsetters for the rest of the region. Chalhoub Group often witness customers visiting shops with 1 or 2 pictures collected from the Internet, of fashion shows that only happened a few hours earlier, asking to pre-book these items to be the first to acquire them. Chalhoub Group expects the region to be relatively resilient: 2% growth in 2010, compared to a 15-20% decline globally.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 09 Mar 2010 00:00:00 +0000
Gulf Bank Kuwait New Strategy https://www.marcopolis.net/gulf-bank-kuwait-new-strategy.htm https://www.marcopolis.net/gulf-bank-kuwait-new-strategy.htm michel-accad-ceo-of-gulf-bank-leading-bank-in-Kuwait.jpg

Interview with Mr. Michel Accad, CEO of Gulf Bank

In December, Gulf Bank Kuwait had a meeting with the top fifty leaders at Gulf Bank and we decided on Gulf Bank’s strategic direction. Gulf Bank's vision was to be a dominant player in the local, conventional banking market, focusing on retail and commercial banking.  At this stage, Gulf Bank is not particularly interested in Islamic finance, or direct investments, or brokerage.  The key thing that came up from that meeting was that for the next two years Gulf Bank will be in rebuilding mode and our strategy will revolve around four pillars.


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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 04 Mar 2010 00:00:00 +0000
Kuwait Economy, Economic growth in Kuwait https://www.marcopolis.net/kuwait-economy-economic-growth-in-kuwait.htm https://www.marcopolis.net/kuwait-economy-economic-growth-in-kuwait.htm Former-minister-of-finance,-Bader-Al-Humaidi.jpgInterview Bader Al Humaidhi. Kuwait’s government and parliament in 2008 issued a law that was organized by the Central Bank of Kuwait to boost economic growth in Kuwait. It had three objectives: to extend financial assistance through banks to financial institutions who were effected by the crisis, to help economic growth in Kuwait.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Mon, 15 Mar 2010 14:59:20 +0000
Kuwait Fund, Kuwait Foreign Aid https://www.marcopolis.net/kuwait-fund-kuwait-foreign-aid.htm https://www.marcopolis.net/kuwait-fund-kuwait-foreign-aid.htm kuwait-fund-for-arab-economic-development,-abdulwahab-al-bader,-kuwait-fund.jpg

Interview with  Abdulwahab Al Bader. The Kuwait Fund is hoping to present to our board our latest strategies for 2010 and Kuwait Fund is hoping to continue with its current trends and possibly increase Kuwait Fund's lending opportunities.  Kuwait Fund has several recommendations to make and the Kuwait Fund would like to continue working with other Arab countries, Africa, and Asia while trying to strengthen our relations with them.  Additionally, I would like to see us continue with social and health related projects.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Mon, 15 Mar 2010 17:39:11 +0000
Strong Recovery of Kuwait Economy https://www.marcopolis.net/strong-recovery-of-kuwait-economy.htm https://www.marcopolis.net/strong-recovery-of-kuwait-economy.htm kuwait-strong-economic-recovery.png Kuwait plans to spend about 16 billion dinars (US$56bn) in the fiscal year starting April 1, 2010 one-third more than the current year as oil prices rise. The emirate, which expects to spend 12.1 billion dinars in the current fiscal year, posted a budget surplus of 2.74 billion dinars last year as it benefited from higher oil sales.

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editor3@marcopolis.net (Gérard Al-Fil) Kuwait Report Wed, 07 Apr 2010 16:29:09 +0000
Retail Companies in Kuwait | 5 Largest Retailers in Kuwait https://www.marcopolis.net/top-retail-companies-in-kuwait.htm https://www.marcopolis.net/top-retail-companies-in-kuwait.htm Top Retail Companies in Kuwait

View the top Retail Companies in Kuwait. According to BMI Kuwait’s nominal GDP is predicted to be US$159.3bn in 2011, with 2010’s growth rate of 1.9% expected to increase to 3.4% as the economy continues its recovery. Average annual GDP growth of 3.9% is forecasted between 2011 and 2015. With the population estimated to rise from 2.9mn in 2011 to 3.2mn by the end of the forecast period, GDP per capita is predicted to grow 12.6% to US$61,283 by 2015. This development should have positive effect on the retail sector in Kuwait. 

 

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editor3@marcopolis.net (Ben Novak) Kuwait Report Sat, 11 Feb 2012 20:42:34 +0000
Kuwait Banking: Non-Performing Loans in Kuwait 2012 https://www.marcopolis.net/kuwait-banking-non-performing-loans-in-kuwait-2012.htm https://www.marcopolis.net/kuwait-banking-non-performing-loans-in-kuwait-2012.htm Non-performing loans in Kuwait

Michel Accad, CEO of Gulf Banks talks about non-performing loans in Kuwait's Banking sector.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Mon, 02 Apr 2012 13:08:42 +0000
Kuwait's Tourism: Kuwait as a Tourism Destination https://www.marcopolis.net/kuwait-tourism-kuwait-as-a-tourism-destination.htm https://www.marcopolis.net/kuwait-tourism-kuwait-as-a-tourism-destination.htm Kuwait Tourism: Kuwait has more

As a holiday destination, the norther Gulf state does not make it into dinner conversation about hot-spots like Egypt and Jordan, or "Fly-Buy-Dubai." Only at a second glance, does Kuwait offer a variety of urban life, Arab culture, desert tourism, and maritime sports.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 21 Jun 2012 10:50:31 +0000
Saleem Sheikh - Biography https://www.marcopolis.net/saleem-sheikh-biography.htm https://www.marcopolis.net/saleem-sheikh-biography.htm Saleem Sheikh Biography

Saleem Sheikh: Biography

Prior to joining Gulf Bank as Chief Risk Officer in 2009, Saleem was with Arab Bank, where he held the position of Group Chief Credit Officer from 2007 to 2009. He was responsible for the Bank's credit risk portfolio, credit policy supervision, portfolio management and country risk. He also spent five years with Barclays Bank as Chief Operating Officer for Corporate & Merchant Banking for the Africa & Middle East Region and later on as the Regional Managing Director for Middle East & North Africa.

He began his banking career with Citibank in 1981, and went on to hold a variety of senior business and risk roles in Pakistan, UAE, Nigeria and South Africa, where his last role was Chief Risk Officer for Sub-Sahara Africa.

Company Profile

Videos:
Lending Opportunities for Kuwait's Banking Sector
Kuwait: Banking Sector in 2012-2013
Competition in Kuwait's Banking Sector
Corporate Banking in Kuwait
Differentiation of Gulf Bank in Kuwait
Gulf Bank's Governance
Gulf Bank's Performance in 2012
Gulf Bank's Strategy
Retail Banking in Kuwait
Project Finance and Kuwait's Development Plan

Saleem holds a MBA degree from Punjab University in Lahore.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 03 Aug 2012 00:00:00 +0000
Kuwait: oil prices can trigger change and strengthen the economy https://www.marcopolis.net/kuwait-oil-prices-can-trigger-change-and-strengthen-the-economy.htm https://www.marcopolis.net/kuwait-oil-prices-can-trigger-change-and-strengthen-the-economy.htm

Bader Al Humaidhi, Former Minister of Finance of Kuwait talks the impact of the low oil prices on Kuwait's economy.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Tue, 14 Jul 2015 11:06:00 +0000
Agility https://www.marcopolis.net/agility.htm https://www.marcopolis.net/agility.htm

Agility or The Public Warehousing Company K.S.C (PWC) is a Kuwait based company that provides global integrated logistics solutions.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Fri, 24 Mar 2017 10:40:17 +0000
Mohammed Saleh Yousef Behbehani https://www.marcopolis.net/mohammed-saleh-yousef-behbehani.htm https://www.marcopolis.net/mohammed-saleh-yousef-behbehani.htm

Mohammed Saleh Yousef Behbehani holds a stake of 6.8% in Al Ahli United Bank of Kuwait.

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dominika@marcopolis.net (Dominika Bzduchova) Kuwait Report Sat, 25 Mar 2017 18:17:53 +0000
Al Ahli Bank of Kuwait | Exclusive Interview https://www.marcopolis.net/al-ahli-bank-of-kuwait-exclusive-interview.htm https://www.marcopolis.net/al-ahli-bank-of-kuwait-exclusive-interview.htm Abdullah-Al-Sumait,-al-ahli-bank-Kuwait.png

Interview with Abdullah Al Sumait, Deputy CEO of Al Ahli Bank. In Kuwait most of the banks have made aggressive moves the past three to five years whereas other banks (non Kuwait) have been more cautious towards growth. Eventually big banks all around the world have been hit and Kuwait is not any different.  When this happened at the end of 2008 Kuwait government took good steps to protect banks and the financial sector and the central bank enacted some regulations to assure the banks in Kuwait, it would provide the needed liquidity.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 31 Mar 2010 23:17:01 +0000
Islamic Investments in the Gulf https://www.marcopolis.net/islamic-investments-in-the-gulf.htm https://www.marcopolis.net/islamic-investments-in-the-gulf.htm Suliman-N.-Al-Qimlas,-CEO-Bayt-Al-Mal-Investment.png

Interview with Suliman N. Al Qimlas, CEO Bayt Al Mal Investment. I believe 2010 will be a tough year globally and we will feel the pain from 2009.  Kuwait and the Gulf economies are based on oil and if oil prices stay where they are (around $80 dollars per barrel) we will be in good shape that also means a good future for Islamic Investments in the Gulf. The next question is what will the government do with this money?  We recently witnessed our economy shrink and 2010 is up to the moves made by the government and how they spend their money.  If they circulate the money effectively we can expect some nice growth that will benefit Islamic Investments in the Gulf.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 01 Apr 2010 02:31:24 +0000
Kuwait Oil Economy Developments https://www.marcopolis.net/kuwait-oil-economy-developments.htm https://www.marcopolis.net/kuwait-oil-economy-developments.htm kuwait-oil-and-economy.png “There hasn’t been much Kuwait oil development here in the past 20-30 years compared to the rest of the region.  However, with the new four year economic development plan we are going to be able to see where Kuwait can go to drive development and change” - Wataniya Telecom ’s CEO Scott Gegenheimer


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editor3@marcopolis.net (Gérard Al-Fil) Kuwait Report Thu, 08 Apr 2010 01:03:53 +0000
Islamic Banks in Kuwait | Kuwait's Largest 5 Islamic Banks https://www.marcopolis.net/top-islamic-banks-in-kuwait.htm https://www.marcopolis.net/top-islamic-banks-in-kuwait.htm Top Islamic Banks in KuwaitMarcopolis.net has been ranking the top banks in Kuwait since 2010, regularly updating the list according to the latest available Kuwait’s banking sector data. Which bank is Kuwait's biggest Bank? Which one is the best bank in Kuwait? The following list ranks Kuwait's top banks by assets. Traditionally, the largest bank in Kuwait is NBK, followed by Gulf Bank and Al Ahli Bank of Kuwait. View our latest ranking of banks in Kuwait.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 09 Feb 2012 11:59:10 +0000
Demand for Loans and Loan Loss Provisions in Kuwait 2012 https://www.marcopolis.net/demand-for-loans-and-loan-loss-provisions-in-kuwait-2012.htm https://www.marcopolis.net/demand-for-loans-and-loan-loss-provisions-in-kuwait-2012.htm

Most banks in Kuwait have increased their loan loss provisions, whether general or specific. Gulf Bank is 100% covered.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Mon, 02 Apr 2012 14:55:35 +0000
Scientific Center of Kuwait: Learning with Fun-Value https://www.marcopolis.net/scientific-center-of-kuwait-learning-with-fun-value.htm https://www.marcopolis.net/scientific-center-of-kuwait-learning-with-fun-value.htm Fun at the Scientific Center of Kuwait

Why not combine leisure time with the pleasure of learning in an exciting environment? The Scientific Center of Kuwait (TSCK) makes it possible.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 29 Jun 2012 00:00:00 +0000
Khaled Al-Mutawa - Biography https://www.marcopolis.net/khaled-al-mutawa-biography.htm https://www.marcopolis.net/khaled-al-mutawa-biography.htm Khaled Al-Mutawa Biography

Khaled Al-Mutawa: Biography

Khaled Al-Mutawa is General Manager - International Banking and Investments at Gulf Bank. Khaled joined Gulf Bank in 1989 as a management trainee and moved on to become the General Manager - International Banking in 2001. In 2006, he assumed responsibility for the Investments Division. Khaled is also the Chairman of the Bank's Management Credit Committee.

He served on the Board of Directors of CINET (Credit Information Network) from 2001- 2008.

Company Profile

Videos:
Lending Opportunities for Kuwait's Banking Sector
Kuwait: Banking Sector in 2012-2013
Competition in Kuwait's Banking Sector
Corporate Banking in Kuwait
Differentiation of Gulf Bank in Kuwait
Gulf Bank's Governance
Gulf Bank's Performance in 2012
Gulf Bank's Strategy
Retail Banking in Kuwait
Project Finance and Kuwait's Development Plan

Khaled holds a Bachelors degree in Economics from the University of Southern California, Los Angeles (1988) and General Certificate of Education "GCE O Levels" from the University of London (1983).

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 03 Aug 2012 00:00:00 +0000
Commercial Bank of Kuwait: strategy, vision and differentiation https://www.marcopolis.net/commercial-bank-of-kuwait-strategy-vision-and-differentiation.htm https://www.marcopolis.net/commercial-bank-of-kuwait-strategy-vision-and-differentiation.htm

Elham Yousry Mahfouz, CEO of Commercial Bank of Kuwait talks about Commercial Bank of Kuwait, its history, strategy and differentiation.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Tue, 14 Jul 2015 12:31:58 +0000
Kuwait Asset Management https://www.marcopolis.net/kuwait-asset-management.htm https://www.marcopolis.net/kuwait-asset-management.htm kamco-asset-management-kuwait-sadoun-ali.pngInterview with Sadoun A. Ali, CEO of KAMCO. KAMCO defines the financials in terms of short, medium, and long as it concerns the criteria of the asset.  Each one has its own business plan and investment policy that KAMCO has carefully defined in each area and monitor closely such as asset management.  Business is very important for KAMCO because a big portion of our revenue comes from surfaces. We are very attached to those companies and investment banking and asset management is very linked to the health of the economy.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 31 Mar 2010 17:37:15 +0000
Foreign Banks in Kuwait | 10 Most Important Foreign Banks in Kuwait https://www.marcopolis.net/top-foreign-banks-in-kuwait.htm https://www.marcopolis.net/top-foreign-banks-in-kuwait.htm Top Foreign Banks in Kuwait are HSBC and others. Kuwaiti banks face less competition from the foreign banks due to the protective nature of the regulator. This situation is unlikely to change in the future. Well established large Kuwaiti banks should continue to dominante the sector. For more information visit structure of Kuwait Banking system.

Top Commercial Banks in Kuwait

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 09 Feb 2012 12:49:17 +0000
Diabetes in Kuwait: Special Report on Alarming Rates of Diabetes https://www.marcopolis.net/diabetes-in-kuwait-special-report-on-alarming-rates-of-diabetes.htm https://www.marcopolis.net/diabetes-in-kuwait-special-report-on-alarming-rates-of-diabetes.htm Special report on Diabetes in Kuwait
Fighting Diabetes is one of the biggest challenges the Gulf healthcare sector has to deal with. The Dasman Diabetes Institute aims to prevent and to mitigate the impact of diabetes in Kuwait.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 21 Jun 2012 17:07:51 +0000
Surour Al-Samerai - Biography https://www.marcopolis.net/surour-al-samerai-biography.htm https://www.marcopolis.net/surour-al-samerai-biography.htm Surour Al-Samerai Biography

Surour Al-Samerai: Biography

Surour Al-Samerai is General Manager - Human Resources at Gulf Bank. Surour has been with the Bank for over 10 years, and prior to joining Gulf Bank, he was head of the HR functions at M.H. Alshaya and Alghanim Industries.

He has many years of diversified HR experience and has been responsible for numerous developments within Human Resources at Gulf Bank.

Company Profile

Videos:
Lending Opportunities for Kuwait's Banking Sector
Kuwait: Banking Sector in 2012-2013
Competition in Kuwait's Banking Sector
Corporate Banking in Kuwait
Differentiation of Gulf Bank in Kuwait
Gulf Bank's Governance
Gulf Bank's Performance in 2012
Gulf Bank's Strategy
Retail Banking in Kuwait
Project Finance and Kuwait's Development Plan

A number of HR awards have been won by him and Gulf Bank including, an International Stevie Award for Best HR team in 2006, the Middle East Outstanding Contribution to HR award in 2007, the GCC Localization Award, which the Bank has claimed for 6 consecutive years from 2005 to 2010 and the prestigious GCC Employer of the Year in 2010 at the 2nd GCC HR Excellence Awards.

Surour studied at the University of Houston and later obtained his HR professional qualification at Thames Valley University in the UK.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 03 Aug 2012 00:00:00 +0000
Lending Opportunities for Kuwait's Banking Sector https://www.marcopolis.net/lending-opportunities-in-kuwaits-banking-sector.htm https://www.marcopolis.net/lending-opportunities-in-kuwaits-banking-sector.htm Lending Opportunities for Kuwait's Banking Sector

 

Michel Accad, CEO of Gulf Bank - the second largest bank in Kuwait, believes there are significant lending opportunities in Kuwait.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 02 Aug 2012 09:10:41 +0000
QPIC Kuwait Increased Net Profit by 67% in Q1-3 of FY2014/2015 https://www.marcopolis.net/qpic-kuwait-increased-net-profit-by-67-in-q1-3-of-fy2014-2015.htm https://www.marcopolis.net/qpic-kuwait-increased-net-profit-by-67-in-q1-3-of-fy2014-2015.htm

Qurain Petrochemical Industries announces 67% net profit increase for first three quarters of FY2014/2015
Consolidated operational income up 491% in Q3

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test@gmail.com (Super User) Kuwait Report Wed, 11 Feb 2015 17:37:18 +0000
Economy: The Biggest Challenge for Kuwait https://www.marcopolis.net/economy-the-biggest-challenge-for-kuwait.htm https://www.marcopolis.net/economy-the-biggest-challenge-for-kuwait.htm

Actually it’s a very crucial time for all the oil exporting countries, but mainly for my country Kuwait. As you quite rightly said, I was talking about the subject even when I was the Minister of Finance in 2006/2007. I was worrying about the point at which the oil prices would drop.  A drop which is out of our hands and that’s what is happening now. Gentlemen, last night I was even checking with the Minister of Oil of Kuwait and I was also checking with one of our oil experts about the price of our oil at close of day on Friday. It is 54. 54, six months ago it was 100. So what does that mean for our budget?

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Thu, 25 Jun 2015 12:51:11 +0000
Low oil prices and Kuwait's Economy https://www.marcopolis.net/low-oil-prices-and-kuwait-s-economy.htm https://www.marcopolis.net/low-oil-prices-and-kuwait-s-economy.htm

Bader Al Humaidhi, Former Minister of Finance of Kuwait talks about the price of oil and Kuwait's economy.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Fri, 10 Jul 2015 11:06:18 +0000
Kuwait banking sector: 2015-2016 more difficult for banks in Kuwait https://www.marcopolis.net/kuwait-banking-sector-2015-2016-more-difficult-for-banks-in-kuwait.htm https://www.marcopolis.net/kuwait-banking-sector-2015-2016-more-difficult-for-banks-in-kuwait.htm

Elham Yousry Mahfouz, CEO of Commercial Bank of Kuwait talks about the banking sector in Kuwait.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Tue, 14 Jul 2015 12:31:58 +0000
Kuwait Telecom: Wataniya Telecom Leading the Kuwait Telecom Sector https://www.marcopolis.net/kuwait-telecom-wataniya-telecom-leading-the-kuwait-telecom-sector.htm https://www.marcopolis.net/kuwait-telecom-wataniya-telecom-leading-the-kuwait-telecom-sector.htm Kuwait-telecom-front.png “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.

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editor3@marcopolis.net (Gérard Al-Fil) Kuwait Report Fri, 09 Apr 2010 01:02:41 +0000
Kuwait (Facts & Figures) https://www.marcopolis.net/kuwait-facts-a-figures.htm https://www.marcopolis.net/kuwait-facts-a-figures.htm Kuwait-mosaic.png

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 09 Apr 2010 12:02:09 +0000
Top Islamic Investment Companies in Kuwait | 5 Most Important Companies https://www.marcopolis.net/top-islamic-investment-companies-in-kuwait.htm https://www.marcopolis.net/top-islamic-investment-companies-in-kuwait.htm  

Top Investment Companies in Kuwait

According to Capital Standards, "There are a total of 100 investment companies operating in Kuwait with 54 operating within the confines of the Islamic Sharia provisions and the rest operating as conventional investment companies." Some of these companies are listed as well under asset management comapnies, investment banks and investment holding companies. Here is the structure of Kuwait Banking system.

The sector has been hit hard by the financial crisis and non-internventionist policy by the government. The investment companies face many challenges. The sector will continue to restructure the depts and deleverage. For the complete list of investment companies click here. Many Islamic investment companies are subsidiaries of or large groups and banks in Kuwait.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 10 Feb 2012 12:00:33 +0000
Kuwait Public Spending: Salaries and Wages Expenses to Explode https://www.marcopolis.net/kuwait-public-spending-salaries-and-wages-expenses-to-explode.htm https://www.marcopolis.net/kuwait-public-spending-salaries-and-wages-expenses-to-explode.htm Kuwait Public Spending: Salaries and Wages Expenses to Explode

One of the main economic concerns for Kuwait is the public spending on salaries and wages. Kuwait has the highest public salaries and wages in the GCC, after they were subject to numerous increases in the aftermath of the global financial crisis of 2008.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 17 Apr 2012 10:36:15 +0000
Kuwait: How to Enter Oil and Gas Sector https://www.marcopolis.net/kuwait-how-to-enter-oil-and-gas-sector.htm https://www.marcopolis.net/kuwait-how-to-enter-oil-and-gas-sector.htm Kuwait oil and gas

Kuwait's oil and gas sector is one of the hardest to enter. Nonetheless, there are numerous ways for small and medium enterprises in the oil and gas services sector to capitalize on the opportunities in the sector. The companies can either enter into a JV, they can use an agency or service contract. Walid Al-Hashash, Chairman of AREF Energy explains, how the small and medium enterprises can enter Kuwait.  

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 08 Jun 2012 00:00:00 +0000
Abdullatif Al Hamad - Biography https://www.marcopolis.net/abdullatif-al-hamad-biography.htm https://www.marcopolis.net/abdullatif-al-hamad-biography.htm Abdullatif Al Hamad Biography

Abdullatif Al Hamad: Biography

Abdullatif Al Hamad is General Manager - Corporate Banking at Gulf Bank. Abdullatif joined Gulf Bank in February 2001 and has more than 20 years banking experience.

Under his leadership, Corporate Banking services are delivered in accordance with the highest professional standards.

Company Profile

Videos:
Lending Opportunities for Kuwait's Banking Sector
Kuwait: Banking Sector in 2012-2013
Competition in Kuwait's Banking Sector
Corporate Banking in Kuwait
Differentiation of Gulf Bank in Kuwait
Gulf Bank's Governance
Gulf Bank's Performance in 2012
Gulf Bank's Strategy
Retail Banking in Kuwait
Project Finance and Kuwait's Development Plan

He obtained his Bachelor's Degree in International Business from San Diego University, California. He has also completed a Management Training Program at Chemical Bank in New York and has undertaken numerous credit and advanced credit courses.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 03 Aug 2012 00:00:00 +0000
One of the Largest Asset Managers in MENA with $11.5bn (AUM) Discusses Strategy and Investments https://www.marcopolis.net/one-of-the-largest-asset-managers-in-mena-with-11-5bn-aum-discusses-strategy-and-investments.htm https://www.marcopolis.net/one-of-the-largest-asset-managers-in-mena-with-11-5bn-aum-discusses-strategy-and-investments.htm
We are also one of the largest asset managers in the region; we manage over 3.5 billion KDs worth of assets under management (AUM).

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Wed, 24 Jun 2015 11:00:47 +0000
Retail banking is a major opportunity in Kuwait's banking space https://www.marcopolis.net/retail-banking-is-a-major-opportunity-in-kuwait-s-banking-space.htm https://www.marcopolis.net/retail-banking-is-a-major-opportunity-in-kuwait-s-banking-space.htm

Elham Yousry Mahfouz, CEO of Commercial Bank of Kuwait talks about the major opportunities in the Kuwaiti banking sector.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Tue, 14 Jul 2015 12:31:58 +0000
Kuwait Construction, Rawaf Bourisli https://www.marcopolis.net/kuwait-construction-rawaf-bourisli.htm https://www.marcopolis.net/kuwait-construction-rawaf-bourisli.htm Kuwait-Dynamics,-Action-Real-Estate,--Eng.-Rawaf-I.-Bourisli,-chairman-and-CEO,-GM,-14.2.10.jpgInterview with  Rawaf Bourisli, General Manager of Action Real EstateOn the strategic level Kuwait Dynamics is looking towards becoming an international construction company, not just Kuwait construction company, and in 2010, Kuwait Dynamics wants to move more into the international arena. As Kuwait Dynamics, we would like to expand within the GCC and further out into the Middle East and North Africa but we are still in the planning stages for our construction segment of the company.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 01 Apr 2010 00:25:56 +0000
Kuwait Political Developments 2010 https://www.marcopolis.net/kuwait-political-developments-2010.htm https://www.marcopolis.net/kuwait-political-developments-2010.htm kuwait-politics.png The result of the elections, however, sent encouraging signals throughout the Arab world. A total of 210 candidates vied for 50 seats, among them 50 women. Four women won seats—a result that can fairly be described as revolutionary within the countries of the Gulf Cooperation Council (GCC).

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editor3@marcopolis.net (Gérard Al-Fil ) Kuwait Report Wed, 07 Apr 2010 12:51:36 +0000
Kuwait Liquified Natural Gas and Nuclear Ambition https://www.marcopolis.net/kuwait-liquified-natural-gas-and-nuclear-ambition.htm https://www.marcopolis.net/kuwait-liquified-natural-gas-and-nuclear-ambition.htm kuwait-oil-intro-2.png 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.

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editor3@marcopolis.net (Gérard Al-Fil) Kuwait Report Thu, 08 Apr 2010 23:04:56 +0000
Kuwait Real Estate Market: One of the Most Challenging Markets in the Gulf https://www.marcopolis.net/kuwait-real-estate-market-one-of-the-most-challaning-markets-in-the-gulf.htm https://www.marcopolis.net/kuwait-real-estate-market-one-of-the-most-challaning-markets-in-the-gulf.htm kuwait-real-estate.png The demand for middle income Kuwait real estate will remain high, according to Alargan'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. “

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editor3@marcopolis.net (Gérard Al-Fil) Kuwait Report Thu, 08 Apr 2010 23:49:31 +0000
Top Asset Management Companies in Kuwait | Largest Asset Managers in Kuwait https://www.marcopolis.net/top-asset-management-companies-in-kuwait.htm https://www.marcopolis.net/top-asset-management-companies-in-kuwait.htm  

Top Asset Management Companies in Kuwait

Top Asset Management Companies in Kuwait are Kamco, Markaz and others. According to Capital Standards, "There are a total of 100 investment companies operating in Kuwait with 54 operating within the confines of the Islamic Sharia provisions and the rest operating as conventional investment companies." Some of these companies offer asset management services. "The GCC Asset Management Industry, with roughly 100 asset management companies, manages approximately USD 29bn in assets in about 325 funds as of 31st March 2011. Geographically, Saudi Arabia country funds account for 62% of the total, followed by Kuwait country funds with 19% share" says Markaz in its latest GCC asset management report. 

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 10 Feb 2012 10:12:13 +0000
Kuwait Fund: 50 Years of Aiding Countries in Development https://www.marcopolis.net/kuwait-fund-50-years-of-aiding-countries-in-development.htm https://www.marcopolis.net/kuwait-fund-50-years-of-aiding-countries-in-development.htm Mr. Abdulwahab Al Bader, General Director, Kuwait Fund for Arab Economic Development

Interview with Abdulwahab Al Bader, General Director of Kuwait Fund for Arab Economic Development.

Kuwait Fund for Arab Economic Development is celebrating its 50th Anniversary. Today, Kuwait Fund has more than 100 partner countries across the globe. The Fund is offering an aid to countries in development.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 05 Apr 2012 11:42:37 +0000
History of the Private Sector in Kuwait https://www.marcopolis.net/history-of-the-private-sector-in-kuwait.htm https://www.marcopolis.net/history-of-the-private-sector-in-kuwait.htm Kuwait Private Sector History

Al-Humadhi talks about history of the Kuwaiti private sector. Kuwait has one of the best, creative and most vibrant private sectors in the GCC. Unfortunately, in the past the private sector in Kuwait has been forced to invest outside of Kuwait.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 17 Apr 2012 10:23:11 +0000
Oil Prices in 2012 to Remain Stable https://www.marcopolis.net/oil-prices-in-2012-to-remain-stable.htm https://www.marcopolis.net/oil-prices-in-2012-to-remain-stable.htm Oil Prices in 2012 to Remain Stable

AREF Energy, a leading energy investment holding in Kuwait sees stable oil prices in 2012 hovering around $110 per barrel due to consumption from the emerging markets. Nonetheless, Al-Hashash, chairman of the company warns that any geopolitical instability could create temporary oil price spike that would paralyze consumer confidence potentially causing another recession.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 17 Apr 2012 19:31:55 +0000
Logistics in Emerging Markets https://www.marcopolis.net/logistics-in-emerging-markets.htm https://www.marcopolis.net/logistics-in-emerging-markets.htm Mr. Tarek Sultan, Chairman & MD of Agility

Interview with 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.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Mon, 23 Apr 2012 15:39:15 +0000
Carlos Ribeiro - Biography https://www.marcopolis.net/carlos-ribeiro-biography.htm https://www.marcopolis.net/carlos-ribeiro-biography.htm Carlos Ribeiro Biography

Carlos Ribeiro: Biography

Carlos Ribeiro is Chief Financial Officer and General Manager, Finance & Support at Gulf Bank. Prior to joining Gulf Bank in October 2009, Carlos served as CEO and Regional Vice President of Europe for GMAC Financial Services from 2005 to 2009 and was accountable for business with assets totaling USD22 billion and headed a team spread across 18 European countries.

He brings with him more than 25 years business and financial experience, having spent a major part of his career at GMAC and General Motors and prior to that, at Philip Morris, where he led the treasury and tax teams in Brazil in his last position with the company.

More information

Company Profile

Videos:
Lending Opportunities for Kuwait's Banking Sector
Kuwait: Banking Sector in 2012-2013
Competition in Kuwait's Banking Sector
Corporate Banking in Kuwait
Differentiation of Gulf Bank in Kuwait
Gulf Bank's Governance
Gulf Bank's Performance in 2012
Gulf Bank's Strategy
Retail Banking in Kuwait
Project Finance and Kuwait's Development Plan

Carlos is a CPA and Accounting graduate from the University of Ipiranga in Sao Paulo, Brazil. He has also completed an Advanced Management Program in Finance from the Wharton School at the University of Pennsylvania and an Advanced Management Program in Business from The Darden School at the University of Virginia.]]> editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 03 Aug 2012 00:00:00 +0000 Kuwait Banking Sector Outlook 2015 https://www.marcopolis.net/kuwait-banking-sector-outlook-2015.htm https://www.marcopolis.net/kuwait-banking-sector-outlook-2015.htm

Commercial Bank was established in 1960. That’s about 50 years of existence. It opened in this area, the commercial area. Most of the branches were also built in the commercial area, rather than in residential areas. This was corrected later on when the management of the bank realised it was necessary to have a presence in the residential areas. There will be further expansion itno the residential areas of new cities that are coming up.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Thu, 25 Jun 2015 14:19:37 +0000
Kuwait banking regulations and a major risk for banks in Kuwait https://www.marcopolis.net/kuwait-banking-regulations-and-a-major-risk-for-banks-in-kuwait.htm https://www.marcopolis.net/kuwait-banking-regulations-and-a-major-risk-for-banks-in-kuwait.htm

Elham Yousry Mahfouz, CEO of Commercial Bank of Kuwait talks about the major risk for banks in Kuwait and regulatory framework.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Tue, 14 Jul 2015 12:31:58 +0000
Kuwait Foreign Investments https://www.marcopolis.net/kuwait-foreign-investments.htm https://www.marcopolis.net/kuwait-foreign-investments.htm Kuwait-Foreign-Investment-Kuwait-Foreign-Investment-Bureau-skeikh-meshaal.png Kuwait Foreign Investments, Chairman of Kuwait Foreign Investment Bureau, HE Sheikh Meshaal Jaber Al Ahmed Al Sabah

Kuwait concentrates now more on laws to attract to Kuwait foreign investments. For example, Kuwait Foreign Investment Bureau law gives benefits towards foreign investors who brings to Kuwait foreign investments such as: tax holidays for up to ten years, total or partial exemption from customs duties, and 100 % full ownership (The Kuwaiti Law normally request 51% to be owned by a Kuwaiti citizen). All these benefits make Kuwait definitely more attractive bring to Kuwait foreign investments and for foreign investors.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 25 Mar 2010 08:33:43 +0000
Invest in Kuwait, Kuwait Minister of Commerce and Industry https://www.marcopolis.net/invest-in-kuwait-kuwait-minister-of-commerce-and-industry.htm https://www.marcopolis.net/invest-in-kuwait-kuwait-minister-of-commerce-and-industry.htm ahmad-al-haroun.png Kuwait Economy, Kuwait minister of commerce and industry, His Excellency Ahmad Al-Haroun - Video Interview

There hasn’t been a better time to invest in Kuwait. As I have previously mentioned, Kuwait ranked 27th globally in the “Protecting Investors Index”(invest in Kuwait) that was issued by the World Bank, which is better than most OECD countries.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 25 Mar 2010 09:12:54 +0000
Kuwait Capital Markets https://www.marcopolis.net/kuwait-capital-markets.htm https://www.marcopolis.net/kuwait-capital-markets.htm Global Investment House (GIH) Kuwait Chairperson and Managing Director of Global Investment House (GIH), a leading Kuwait investment company that has played a noticeable role in the development of Kuwait capital markets, talks about the future of Kuwait capital markets and about some of the major challanges.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Mon, 29 Mar 2010 08:55:27 +0000
Kuwait Oil Developments https://www.marcopolis.net/kuwait-oil-developments.htm https://www.marcopolis.net/kuwait-oil-developments.htm sami-al-rushaid-interview.png Chairman and Managing Director of Kuwait Oil Company, one of the largest companies in Kuwait oil sector responsible for Kuwait oil developments, explains the key Kuwait oil developments, challenges for Kuwait Oil Company, development of strategy of Kuwait Oil Company, development of future oil prices and reserves of oil in Kuwait.  

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editor3@marcopolis.net (Ben Novak) Kuwait Report Mon, 29 Mar 2010 08:59:46 +0000
Kuwait and Iraq Future Progress https://www.marcopolis.net/kuwait-and-iraq-future-progress.htm https://www.marcopolis.net/kuwait-and-iraq-future-progress.htm kuwait-foreign-relations-4.png

Kuwait and Iraq approached each other after Saddam’s regime was ousted in 2003. The carefully planned détente culminated on the 16th of July 2009 when Kuwait named its first ambassador to Iraq since the 1991 Gulf War.

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editor3@marcopolis.net (Gérard Al-Fil) Kuwait Report Wed, 07 Apr 2010 14:58:16 +0000
Kuwait Banking: Recovery of Kuwait Banking Sector https://www.marcopolis.net/kuwait-banking-recovery-of-kuwait-banking-sector.htm https://www.marcopolis.net/kuwait-banking-recovery-of-kuwait-banking-sector.htm kuwait-banking-2.png “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


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editor3@marcopolis.net (Gérard Al-Fil) Kuwait Report Thu, 08 Apr 2010 18:51:55 +0000
Kuwait Islamic Banking and Finance: Future is Bright https://www.marcopolis.net/kuwait-islamic-banking-and-finance-future-is-bright.htm https://www.marcopolis.net/kuwait-islamic-banking-and-finance-future-is-bright.htm banking-in-kuwait.png “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.

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editor3@marcopolis.net (Gérard Al-Fil) Kuwait Report Thu, 08 Apr 2010 20:06:27 +0000
Kuwait Energy: Investments into the Future https://www.marcopolis.net/kuwait-energy-investments-into-the-future.htm https://www.marcopolis.net/kuwait-energy-investments-into-the-future.htm kuwait-oil-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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editor3@marcopolis.net (Gérard Al-Fil) Kuwait Report Thu, 08 Apr 2010 22:47:42 +0000
Kuwait Banks Role in Kuwait Real Estate Market https://www.marcopolis.net/kuwait-banks-role-in-kuwait-real-estate-market.htm https://www.marcopolis.net/kuwait-banks-role-in-kuwait-real-estate-market.htm kuwait-city-fronpic-2.png 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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editor3@marcopolis.net (Gérard Al-Fil) Kuwait Report Fri, 09 Apr 2010 00:29:25 +0000
Wataniya Telecom Leading Telecom In Kuwait https://www.marcopolis.net/wataniya-telecom-leading-telecom-in-kuwait-99310302.htm https://www.marcopolis.net/wataniya-telecom-leading-telecom-in-kuwait-99310302.htm wataniya-telecom-scott-gegenheimer-2.png Kuwait Leading Telecom, Wataniya Telecom, Scott Gegenheimer - Biography

As Wataniya Telecom we want to take measures to be the leading telecom in Kuwait telecom market and to deliver to Wataniya customers regardless of the competition. To be the leading telecom in Kuwait telecom market 

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 13 Apr 2010 15:46:48 +0000
HE Mustafa Al-Shamali Kuwait Minister of Finance https://www.marcopolis.net/he-mustafa-al-shamali-kuwait-minister-of-finance.htm https://www.marcopolis.net/he-mustafa-al-shamali-kuwait-minister-of-finance.htm mustafa-jassim-al-shamali-interview-pic.png HE Mustafa Al-Shamali, Kuwait Minister of Finance

Not only would diversification of Kuwait economy generate employment, diversification of Kuwait economy would also help Kuwait to achieve a steady path of sustainable development.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 20 Apr 2010 20:36:27 +0000
International Financial Advisors https://www.marcopolis.net/international-financial-advisors.htm https://www.marcopolis.net/international-financial-advisors.htm talal_al_bahar_international_financial_advisors.png Kuwait Investments, Chairman of International Financial Advisors (IFA), Talal Al-Bahar

When someone mentions investing in emerging markets I would like to see people think of IFA as the place to work with. 

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 22 Apr 2010 17:08:56 +0000
ITS Kuwait, Kuwait Information Technology https://www.marcopolis.net/its-kuwait-kuwait-information-technology.htm https://www.marcopolis.net/its-kuwait-kuwait-information-technology.htm Khaled-Al-Saeid,-its.png

Interview with Khaled Al Saeid, Managing Director of ITS


The more privatization that takes place the more benefit to IT will happen.  Also, the more efficiency is demanded from the government side will help drive IT as well.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 07 May 2010 17:59:43 +0000
Top Investment Banks in Kuwait | Largest Investment Banks in Kuwait https://www.marcopolis.net/top-investment-banks-in-kuwait.htm https://www.marcopolis.net/top-investment-banks-in-kuwait.htm  

Top Investment Banks in Kuwait

View the list of top investment banks in Kuwait. According to Capital Standards, "There are a total of 100 investment companies operating in Kuwait with 54 operating within the confines of the Islamic Sharia provisions and the rest operating as conventional investment companies." The Central Bank of Kuwait does issue investment companies licences. View the list of some of the major investment companies (that offer investment banking services). According to Central Bank of Kuwait the total assets of the conventional investment companies stood at USD 24 billion and Islamic investment companies at USD 19.8 billion in 2011. To view the list of investment companies click here.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 10 Feb 2012 11:30:50 +0000
Situation in Kuwait: Government, Economy and other Problems https://www.marcopolis.net/situation-in-kuwait-government-economy-and-other-problems.htm https://www.marcopolis.net/situation-in-kuwait-government-economy-and-other-problems.htm Bader Al Humaidhi, Former Minister of Finance of Kuwait

Interview with Bader Al Humaidhi, Former Minister of Finance of Kuwait


According to Mr. Al Humaidhi, the current situation in Kuwait is not very prosperous. Also, his outlook for the government and economy of Kuwait is not very positive. Is Kuwait awaiting difficult times?

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 15 Feb 2012 15:59:48 +0000
Gulf Bank of Kuwait: 2nd Largest Bank in Kuwait https://www.marcopolis.net/gulf-bank-of-kuwait-2nd-largest-bank-in-kuwait.htm https://www.marcopolis.net/gulf-bank-of-kuwait-2nd-largest-bank-in-kuwait.htm Michel Accad, CEO of Gulf Bank

Michel Accad, CEO of Gulf Bank - Biography

Gulf Bank Company Profile

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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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 05 Apr 2012 00:00:00 +0000
Kuwait Oil Investments: Investing in Oil and Gas Technologies & Companies https://www.marcopolis.net/kuwait-oil-investments-investing-in-oil-and-gas-technologies-a-companies.htm https://www.marcopolis.net/kuwait-oil-investments-investing-in-oil-and-gas-technologies-a-companies.htm


All companies in Kuwait have their own agencies and we are adding agencies through ownership of these companies. This way, we can have more say in the companies that we have ownership in outside Kuwait. Also, we are doing research for certain niche technologies that can give us the advantage over others.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 05 Apr 2012 09:34:08 +0000
KPC Projects 2012: Corporate Social Responsibility Projects https://www.marcopolis.net/kpc-projects-2012-corporate-social-responsibility-projects.htm https://www.marcopolis.net/kpc-projects-2012-corporate-social-responsibility-projects.htm 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.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 05 Apr 2012 14:23:27 +0000
Kuwait Development Plan: Implementation of Kuwait Development Plan 2012 https://www.marcopolis.net/kuwait-development-plan-implementation-of-kuwait-development-plan-2012.htm https://www.marcopolis.net/kuwait-development-plan-implementation-of-kuwait-development-plan-2012.htm Kuwait Development Plan: Implementation of Kuwait Development Plan 2012

The implementation of the Kuwait Development Plan, $111 billion plan crucial for the future economic development of Kuwait, has been impeded by ongoing political turmoil.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 17 Apr 2012 10:16:26 +0000
Kuwait Oil and Gas Production: 2020 Vision to Produce 4 million Barrels of Oil https://www.marcopolis.net/kuwait-oil-and-gas-production-2020-vision-to-produce-4-million-barrels-of-oil.htm https://www.marcopolis.net/kuwait-oil-and-gas-production-2020-vision-to-produce-4-million-barrels-of-oil.htm Kuwait Oil and Gas Production: 2020 Vision to Produce 4 million Barrels of Oil

The production of Kuwait Oil Company (KOC) has reached 3 million barrels per day through upgrading their logistics and production capacity.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Thu, 31 May 2012 13:20:14 +0000
Fawzy Al-Thunayan - Biography https://www.marcopolis.net/fawzy-al-thunayan-biography.htm https://www.marcopolis.net/fawzy-al-thunayan-biography.htm Fawzy Al-Thunayan Biography

Fawzy Al-Thunayan: Biography

Fawzy Al-Thunayan is General Manager for Board Affairs at Gulf Bank.

Prior to joining Gulf Bank as General Manager for Board Affairs in 2006, Fawzy spent 16 years with the Central Bank of Kuwait as Manager of the Foreign Operations Department, where he was responsible for the management of the Central Bank foreign currency reserves, treasury operations, the execution of monetary policy and fixing the Kuwaiti Dinar exchange rate, among other activities.

More information

Company Profile

Videos:
Lending Opportunities for Kuwait's Banking Sector
Kuwait: Banking Sector in 2012-2013
Competition in Kuwait's Banking Sector
Corporate Banking in Kuwait
Differentiation of Gulf Bank in Kuwait
Gulf Bank's Governance
Gulf Bank's Performance in 2012
Gulf Bank's Strategy
Retail Banking in Kuwait
Project Finance and Kuwait's Development Plan

Before joining the Central Bank, he was the Deputy General Manager at the Arab Company for Trading Securities (ACTS) for 5 years, and spent a further 3 years at International Financial Advisors (IFA), a Kuwaiti investment company.

Fawzy has a BA in Business Management from the Catholic University of America.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 03 Aug 2012 00:00:00 +0000
MENA Holding: Ontrack with one of the Largest Real Estate Projects in Egypt https://www.marcopolis.net/mena-holding-ontrack-with-one-of-the-largest-real-estate-projects-in-egypt.htm https://www.marcopolis.net/mena-holding-ontrack-with-one-of-the-largest-real-estate-projects-in-egypt.htm

MENA Holding was established in 1991. Currently, it has a capital of 66 million Kuwaiti Dinar. We have a diverse portfolio, which includes real estate development, contracting, family entertainment, industrial sector, logistics, agriculture and fisheries. Recently, we expanded into the area of food and beverage sector.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 05 May 2015 00:00:00 +0000
One of the Largest Real Estate Projects in Egypt https://www.marcopolis.net/one-of-the-largest-real-estate-projects-in-egypt.htm https://www.marcopolis.net/one-of-the-largest-real-estate-projects-in-egypt.htm

Mohamed A. Abdulsalam, CEO of MENA Holding, talks about one of the largest real estate projects in Egypt.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Tue, 05 May 2015 09:53:27 +0000
Projects Worth $130bn in Kuwait says Largest Contractor in Kuwait https://www.marcopolis.net/projects-worth-130bn-in-kuwait-says-largest-contractor-in-kuwait.htm https://www.marcopolis.net/projects-worth-130bn-in-kuwait-says-largest-contractor-in-kuwait.htm

The sector is growing. I like to divide the construction sector into 5 branches. The first is civil construction which is large and mega buildings. In this country there are a lot of existing projects for all of the Ministries. These will be new constructions for the governmental bodies. We are now working on three mega projects for governmental buildings. Also there are housing projects which include about 50 thousand houses for Kuwaitis. These projects will be worth about 130 billion US dollars.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Thu, 25 Jun 2015 07:46:04 +0000
Vision for Kuwait and doing business: $150 billion of infrastructure projects for the next 10 years https://www.marcopolis.net/vision-for-kuwait-and-doing-business-150-billion-of-infrastructure-projects-for-the-next-10-years.htm https://www.marcopolis.net/vision-for-kuwait-and-doing-business-150-billion-of-infrastructure-projects-for-the-next-10-years.htm

Fouad M.T. Alghanim, Chairman and CEO of Fouad Alghanim and Sons Group talks about the vision for Kuwait, its future and doing business.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Wed, 15 Jul 2015 08:24:49 +0000
Kuwait Investment Partner https://www.marcopolis.net/kuwait-investment-partner.htm https://www.marcopolis.net/kuwait-investment-partner.htm national-offset-company-kuwait-investment-partner-al-marzooq.pngInterview with Mazen Madooh, General Manager of National Offset Company. National Offset Company is looking for serious investors that will be forthcoming with ideas or concept papers to establish successful offset ventures benefiting the contracted government body (like Ministry of Defence or Ministry or Electricity & Water), which we classify as direct offset, or partner with Kuwait Investment Partner be it Kuwait private sector partner or civil entities in an indirect offset project. Both must ultimately achieve the Kuwait offset Program Goals, stated earlier (transfer of technology, job creation, and training opportunities for Kuwaitis).

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 24 Mar 2010 11:20:59 +0000
Kuwait Islamic Investment Banking, Muthanna Investment Company https://www.marcopolis.net/kuwait-islamic-investment-banking-muthanna-investment-company.htm https://www.marcopolis.net/kuwait-islamic-investment-banking-muthanna-investment-company.htm muthanna-investment-company,-ali-al-mazooq,-islamic-investment-comany.png

Interview with Abdul Aziz Al-Mazooq. Muthanna Investment Company business model is based on a pure Islamic investment banking model focusing on Islamic investment banking activities including transaction advisory services, private equity transactions, real estate investments, and asset management activities like brokerage, equity research, and management of discretionary accounts.  It is a basic model Islamic investment banking model, the only thing that keeps Muthanna Investment Company going is focusing on several dimensions at once.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 24 Mar 2010 12:47:19 +0000
Kuwait Finance House https://www.marcopolis.net/kuwait-finance-house.htm https://www.marcopolis.net/kuwait-finance-house.htm Mohammed-Sulaiman-Al-Omar,-ceo-of-kuwait-finance-house.png CEO of Kuwait Finance House (KFH), a pioneer of the banking phenomenon known as Islamic Finance or Shari’a compliant banking, explains if the Islamic finance is a providential response to the global financial system and lists challenges of Kuwait Finance House (KFH).

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editor3@marcopolis.net (Ben Novak) Kuwait Report Mon, 29 Mar 2010 08:44:42 +0000
Kuwait Top Investment Companies | 5 Largest Holdings and Investors https://www.marcopolis.net/kuwait-top-investment-companies.htm https://www.marcopolis.net/kuwait-top-investment-companies.htm  

Top Investment Companies in Kuwait

According to Capital Standards, "There are a total of 100 investment companies operating in Kuwait with 54 operating within the confines of the Islamic Sharia provisions and the rest operating as conventional investment companies." Some of these companies are listed as well under asset management companies, investment banks and investment holding companies. Here is the structure of Kuwait Banking system. The sector has been hit hard by the financial crisis and non-interventionist policy by the government. The investment companies face many challenges. The sector will continue to restructure the depts and deleverage. For the complete list of investment companies click here.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 06 Apr 2010 13:35:39 +0000
Future of Kuwait Foreign Relations https://www.marcopolis.net/future-of-kuwait-foreign-relations.htm https://www.marcopolis.net/future-of-kuwait-foreign-relations.htm kuwait-foreign-relations-.12.png Kuwait ruling family Al-Sabah has always said that all governments in the Gulf region should work for stability in the Persian Gulf. His Highness Sheikh Al-Sabah has no interest in any movement that might destabilize the gulf. However, Kuwait foreign relations with Iran remain complex, but have improved despite a number of unanswered questions.


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editor3@marcopolis.net (Gérard Al-Fil) Kuwait Report Wed, 07 Apr 2010 15:07:58 +0000
Kuwait's Budget: Price of Oil, Over-dependance on Oil and Public Spending https://www.marcopolis.net/kuwaits-budget-price-of-oil-over-dependance-on-oil-and-public-spending.htm https://www.marcopolis.net/kuwaits-budget-price-of-oil-over-dependance-on-oil-and-public-spending.htm Kuwait's Budget: Price of Oil, Over-dependance on Oil and Public Spending

Kuwait currently enjoys robust economic growth. According to the latest report by Global Investment House Kuwait's Real GDP expected to grow by 5.7% in 2011, 4.5% in 2012. Nevertheless, oil continued to dominate total exports of Kuwait in 9M2011, as it did with total government revenues.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 17 Apr 2012 10:04:19 +0000
AREF Energy: Vision Targets the Middle East https://www.marcopolis.net/aref-energy-vision-targets-the-middle-east.htm https://www.marcopolis.net/aref-energy-vision-targets-the-middle-east.htm AREF Energy Vision

The vision for AREF Energy is to become the leading energy holding in the Middle East. 

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 08 Jun 2012 00:00:00 +0000
Luxury Retail Sector in Kuwait is Growing https://www.marcopolis.net/luxury-retail-sector-in-kuwait-is-growing.htm https://www.marcopolis.net/luxury-retail-sector-in-kuwait-is-growing.htm

The retail market of Kuwait is really growing up right now. It has seen good growth and especially over the last 5 years we have seen tremendous changes. One of the biggest malls here is called The Avenues and has about 300 outlets.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Thu, 25 Jun 2015 07:59:57 +0000
Scientific Center of Kuwait Recieved 8 Millionth Visitor On-track with Major Expansion https://www.marcopolis.net/scientific-center-of-kuwait-recieved-8-millionth-visitor-on-track-with-major-expansion.htm https://www.marcopolis.net/scientific-center-of-kuwait-recieved-8-millionth-visitor-on-track-with-major-expansion.htm

This increased to about 650,000 by the end of 2013. Midway through 2014, we received our 8 millionth visitor.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Thu, 25 Jun 2015 08:44:35 +0000
Safwan Trading: Strategy and Vision for Pharmaceuticals https://www.marcopolis.net/safwan-trading-strategy-and-vision-for-pharmaceuticals.htm https://www.marcopolis.net/safwan-trading-strategy-and-vision-for-pharmaceuticals.htm

We are attracting bigger companies in the health sector which we can add to our portfolios so we can expand in the medical, laboratory and pharmaceutical industries as well. We have other branches in Baghdad, Iraq and Erbil where we are operating and we are hosting some agencies and attracting more businesses.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Thu, 25 Jun 2015 11:15:54 +0000
Investment strategy of one of the largest conglomerates in Kuwait https://www.marcopolis.net/investment-strategy-of-one-of-the-largest-conglomerates-in-kuwait.htm https://www.marcopolis.net/investment-strategy-of-one-of-the-largest-conglomerates-in-kuwait.htm

Fouad M.T. Alghanim, Chairman and CEO of Fouad Alghanim and Sons Group talks about the investment strategy of one of the largest conglomerates in Kuwait.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Wed, 15 Jul 2015 08:24:49 +0000
Kuwait Investment Climate https://www.marcopolis.net/kuwait-investment-climate.htm https://www.marcopolis.net/kuwait-investment-climate.htm Faisal-Ali-Al-Mutawa,-chairman,-Bayan-Investment-Company.png Kuwait Investment Climate, Bayan Investment Company, Chairman and Managing Director, Faisal Ali Al-Mutawa

We are living in a very difficult investment climate in Kuwait these days.  Kuwait stock market is depressed and so are Kuwait investment companies stock prices. Over 90% of land in Kuwait is owned by Kuwait and this makes it difficult to start any projects because its too difficult to obtain and licensing is nearly impossible.  With no real investment opportunities available in the private sector we hope with the new plan things will open up and Kuwait investment climate becomes better.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 01 Apr 2010 00:13:59 +0000
Kuwait Top Holding Companies and Kuwait Top Diversified Conglomerates https://www.marcopolis.net/kuwait-top-holding-companies-and-kuwait-top-diversified-conglomerates.htm https://www.marcopolis.net/kuwait-top-holding-companies-and-kuwait-top-diversified-conglomerates.htm  

Kuwait Top Holding Companies and Kuwait Top Diversified Conglomerates

According to Capital Standards,"Kuwait has the largest number of holding companies listed on the local stock exchange amongst the GCC stock exchanges. This can be mainly attributed to the size of the KSE (largest in terms of listed companies) and the prominence of the investment activities in Kuwait. At the end of October 2011, the number of Kuwaiti holding companies increased to 40, in comparison to 38 listed companies at the end of September 2009."

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 06 Apr 2010 14:07:49 +0000
Kuwait Economic Oulook 2012: Big Challenges Ahead https://www.marcopolis.net/kuwait-economic-oulook-2012-big-challenges-ahead.htm https://www.marcopolis.net/kuwait-economic-oulook-2012-big-challenges-ahead.htm Kuwait Economic Oulook 2012: Big Challenges Ahead

The main economic challenge is the over-dependence on the oil and gas sector. The outlook for Kuwait's economy remains clouded by insufficient diversification efforts, lack of infrastructure for the development and overdue implementation of the Kuwait Development Plan.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Mon, 16 Apr 2012 16:43:27 +0000
Banks in Kuwait: Overview of the Kuwait Banking Sector https://www.marcopolis.net/banks-in-kuwait-overview-of-the-kuwait-banking-sector.htm https://www.marcopolis.net/banks-in-kuwait-overview-of-the-kuwait-banking-sector.htm Banks in Kuwait: Overview of the Kuwait Banking Sector

In 2012, the Kuwait banks are cleaning up their balance sheets as a response to the consequences of the financial crisis of 2008/09 that is most likely going to continue throughout 2012.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 22 Jun 2012 00:00:00 +0000
Future Investments into Kuwait's Oil and Gas Sector to Remain Uncertain https://www.marcopolis.net/future-investments-into-kuwaits-oil-and-gas-sector-to-remain-uncertain.htm https://www.marcopolis.net/future-investments-into-kuwaits-oil-and-gas-sector-to-remain-uncertain.htm Kuwait Investment Outlook

The investment environment for oil and gas sector in Kuwait is to remain uncertain. Walid Al-Hashash, Chairman of AREF Energy Holding Company, talks about the successes and difficulties of investing into Kuwait's oil and gas sector. 

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 08 Jun 2012 00:00:00 +0000
The EU and Kuwait relationship outlook https://www.marcopolis.net/the-eu-and-kuwait-relationship-outlook.htm https://www.marcopolis.net/the-eu-and-kuwait-relationship-outlook.htm

Fouad M.T. Alghanim, Chairman and CEO of Fouad Alghanim and Sons Group talks about the importance and outlook on the relationship between Kuwait and Europe.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Wed, 15 Jul 2015 08:24:49 +0000
Kuwait Business Partner https://www.marcopolis.net/kuwait-business-partner.htm https://www.marcopolis.net/kuwait-business-partner.htm towell-international-holding,-metco,-Tawfiq-Ahmed-Bin-Sultan.png

Interview with Tawfiq Ahmed Bin Sultan. Towell International Holding recently celebrated the 145th anniversary and had a big celebration.  Towell International Holding and METCO, we are always announcing to our consumers that we strive to be the best performers and depicting our loyalty to our customers.  At METCO, we like to think of our relationships with our consumers/clients as partnerships.  Additionally, to anybody who wants to come into the Kuwait area, it is essential to choose the right partner who wants to be with you for the long term.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 26 Mar 2010 12:04:20 +0000
Hospitals in Kuwait | 5 Largest Hospitals in Kuwait https://www.marcopolis.net/top-hospitals-in-kuwait.htm https://www.marcopolis.net/top-hospitals-in-kuwait.htm In addition to that there are 13 private hospitals with the capacity of 964 beds (6 of which contain over 100 beds, and 7 of which contain less than 100 beds). Kuwait has only 19 beds per 10000 people compared to 39 in the UK. in March 2011, the government officially launched the Kuwait Health Assurance Company (KHAC). View the largest hospitals in Kuwait. 

Top Hospitals in Kuwait

The public sector is the largest provider of Healthcare in Kuwait and constitutes around 90% of the market in number of beds and services. The trend to shift the services from the public sector to the private, in the areas where the pubic is not efficient enough (plastic surgery).

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editor3@marcopolis.net (Ben Novak) Kuwait Report Sat, 11 Feb 2012 19:33:37 +0000
Kuwait: Analysis of Financial Markets https://www.marcopolis.net/kuwait-analysis-of-financial-markets.htm https://www.marcopolis.net/kuwait-analysis-of-financial-markets.htm

In 2012, the Kuwait banks are cleaning up their balance sheets as a response to the consequences of the financial crisis of 2008/09 that is most likely going to continue throughout 2012.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Fri, 22 Jun 2012 00:00:00 +0000
Renewable Energy in Kuwait: Development of Renewables https://www.marcopolis.net/renewable-energy-in-kuwait-development-of-renewables.htm https://www.marcopolis.net/renewable-energy-in-kuwait-development-of-renewables.htm Renewable Energy in Kuwait

Kuwait was on the forefront of exploration of renewable energy: mostly solar energy in the 70's.

According to Walid Al-Hashash, Chairman of AREF Energy the main problem for the development of renewable energy in Kuwait is conventional energy subsidies.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Thu, 31 May 2012 12:49:55 +0000
"Big Opportunities in the GCC for Small and Medium Energy Companies" says AREF Energy https://www.marcopolis.net/qbig-opportunities-in-the-gcc-for-small-and-medium-energy-companiesq-says-aref-energy.htm https://www.marcopolis.net/qbig-opportunities-in-the-gcc-for-small-and-medium-energy-companiesq-says-aref-energy.htm AREF Energy: Energy for all

Few listed stocks in the Gulf have performed since the start of 2012 as well as AREF Energy Holding. The Kuwaiti firm invests in the oil and gas industry only in line with Islamic law (Shari'ah). Marcopolis looks behind the scenes of this exceptional energy company.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 21 Jun 2012 00:00:00 +0000
Public spending in Kuwait: cuts necessary and 5 year plan in void https://www.marcopolis.net/public-spending-in-kuwait-cuts-necessary.htm https://www.marcopolis.net/public-spending-in-kuwait-cuts-necessary.htm

Bader Al Humaidhi, Former Minister of Finance of Kuwait talks about the public spending in Kuwait.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Tue, 14 Jul 2015 11:06:00 +0000
Alghanim family: one of the oldest and most powerful families in Kuwait https://www.marcopolis.net/alghanim-family-one-of-the-oldest-and-most-powerful-families-in-kuwait.htm https://www.marcopolis.net/alghanim-family-one-of-the-oldest-and-most-powerful-families-in-kuwait.htm

Fouad M.T. Alghanim, Chairman and CEO of Fouad Alghanim and Sons Group talks about Al Ghanim family, one of the oldest and most powerful families in Kuwait.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Wed, 15 Jul 2015 08:24:49 +0000
Telecoms in Kuwait | List of Kuwait's Largest 3 Mobile Operators https://www.marcopolis.net/top-telecoms-in-kuwait.htm https://www.marcopolis.net/top-telecoms-in-kuwait.htm Top Telecoms in Kuwait

The Kuwait telecom industry is relatively mature and advanced, with high penetration rates and per spending capita. Nevertheless, the country's penetration rates are lowest among the Gulf countries, indicating opportunities for further growth potential, reports Capital Standards. Penetrations rates: Fixed line 16.5%, Mobile 141% (number of subscribers reaching 3.56 million and increase of 10.7%, as compared to 3.22 mm subscribers at the end of 2008 according to Kuwait Internet and E-commerce Investment and Business Guide), Internet 41%.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 06 Apr 2010 15:00:05 +0000
AREF Energy Investment Strategy https://www.marcopolis.net/aref-energy-investment-strategy.htm https://www.marcopolis.net/aref-energy-investment-strategy.htm AREF Energy Investment Strategy

Walid Al-Hashash exposes the investment strategy of one of the leading energy holding company in Kuwait. AREF energy is investing in niche oil & gas services sector technologies and companies, predominately in the MENA region.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 17 Apr 2012 19:45:12 +0000
Kuwaiti Health-Care Sector: Current Trends https://www.marcopolis.net/kuwaiti-health-care-sector-current-trends.htm https://www.marcopolis.net/kuwaiti-health-care-sector-current-trends.htm It has become common knowledge that basic health-care is provided free to Kuwaiti citizens. With a total population of 3.5 million people, of which a third are Kuwaiti nationals, the oil-rich Dawlat al-Kuwait, the State of Kuwait, had so far few problems paying for doctor visits.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 22 Jun 2012 00:00:00 +0000
Kuwait and the GCC are attractive for investments https://www.marcopolis.net/kuwait-and-the-gcc-are-attractive-for-investments.htm https://www.marcopolis.net/kuwait-and-the-gcc-are-attractive-for-investments.htm

Faisal M. Sarkhou, CEO of KAMCO talks about investing in 2015, investing in Kuwait and other investment related subjects.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Wed, 15 Jul 2015 08:24:49 +0000
Kuwait National Petroleum Services Company (NAPESCO), Kuwait Oil https://www.marcopolis.net/kuwait-national-petroleum-services-company-napesco-kuwait-oil.htm https://www.marcopolis.net/kuwait-national-petroleum-services-company-napesco-kuwait-oil.htm Khalid-Hamdan-Al-Saif,-Managing-Director-NAPESCO.jpg

Interview with Khalid Hamdan Al-Saif. For Kuwait to make decisions like other nations who have decided to diversify their income away from oil, Kuwait will need concrete steps in order to preserve this way of life for our children and their children.  The role of Kuwait oil in Kuwait economy is very strong and, I personally feel more should be done in Kuwait to diversify the income away from oil in order to secure better future for Kuwait.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 19 Mar 2010 10:55:41 +0000
Kuwait Oil Company, Leader in Kuwait Oil and Gas https://www.marcopolis.net/kuwait-oil-company-leader-in-kuwait-oil-and-gas.htm https://www.marcopolis.net/kuwait-oil-company-leader-in-kuwait-oil-and-gas.htm sami-al-rushaid.png

Interview Sami Al-Rushaid. The Kuwait Oil and Gas 2030 strategy for Kuwait Oil Company calls for four million barrels a day capacity for production that is to be sustained between 2020-2030.  For non-associated gas Kuwait Oil Copmany plans to produce one billion standard cubic feet per day by 2015.  The additional exploration activities in Kuwait oil fields will hopefully allow Kuwait Oil Company to produce another 1.5 billion cubic feet per day to total 2.5 billion standard cubic feet per day by 2030.  This is the vision for Kuwait oil and gas and for Kuwait Oil Company.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 24 Mar 2010 10:33:22 +0000
Islamic Fund in India, Kuwait Investments https://www.marcopolis.net/islamic-fund-in-india-kuwait-investments.htm https://www.marcopolis.net/islamic-fund-in-india-kuwait-investments.htm kuwait-investments,-Dr.-Ali-Al-Shamali,-Ektettab-holding-company.png Kuwait Investments, Chairman of Ektettab Holding Company and Al Madina Investment Company , Dr. Ali Al Shamali

Ektettab Holding is a Kuwait investments company and it started the first shariah compliant fund that invested in India and this shariah compliant fund in India has been maintained for three years despite the crisis and shariah compliant fund it is one of the best performing funds in the region. We have an IPO fund as well under our asset management division. In the service sector, telecom is very important and it is the fastest growing sector in the world. We have created a business model where we are included in mobile services and we are replicating this internationally.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 26 Mar 2010 12:44:10 +0000
Kuwait Energy, Emerging Oil Company in Kuwait https://www.marcopolis.net/kuwait-energy-emerging-oil-company-in-kuwait.htm https://www.marcopolis.net/kuwait-energy-emerging-oil-company-in-kuwait.htm Kuwait-energy,-kuwait-oil-sector,-sarah-akbar.png

Interview with Sara Akbar. Kuwait Energy is planning to go public this year.  Kuwait Energy has approval from the shareholders to do so and Kuwait Energy is on track to do so hopefully in the second quarter of this year. We would like long term investors who understand the business and perhaps more institutional investors. Kuwait Energy would like investors from the region but currently 30% of our investors are from the US and Europe and Kuwait Energy welcomes more investors from there to. This is a unique opportunity for any kind of investor to have access to a Middle Eastern indigenous company that operates in the region with future growth plans and targets in the region.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 26 Mar 2010 13:08:40 +0000
Kuwait Foreign Direct Investment https://www.marcopolis.net/kuwait-foreign-direct-investment.htm https://www.marcopolis.net/kuwait-foreign-direct-investment.htm kuwait-investments-2.png “If you look at the World Bank’s Protecting Investors Index, you will see that Kuwait has ranked 27th globally, which is better than most OECD countries. Therefore, the government is undertaking all the appropriate measures in order restore confidence and attract investment companies.” - Ahmad Al-Haroun , Minister of Commerce and Industry

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editor3@marcopolis.net (Gérard Al-Fil) Kuwait Report Thu, 08 Apr 2010 01:45:06 +0000
Kuwait Aviation: Middle East Aviation Sector Defying the Crisis https://www.marcopolis.net/kuwait-aviation-middle-east-aviation-sector-defying-the-crisis.htm https://www.marcopolis.net/kuwait-aviation-middle-east-aviation-sector-defying-the-crisis.htm kuwait-aviation-sector.png 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.

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editor3@marcopolis.net (Gérard Al-Fil) Kuwait Report Fri, 09 Apr 2010 01:32:50 +0000
Internet Service Providers in Kuwait | List of Largest 4 ISPs in Kuwait https://www.marcopolis.net/top-internet-service-providers-in-kuwait-largest-4-isps-in-kuwait.htm https://www.marcopolis.net/top-internet-service-providers-in-kuwait-largest-4-isps-in-kuwait.htm View the largest providers of the Internet in Kuwait. The largest companies are Qualitynet followed by KEMS and others. 

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 05 Apr 2012 10:36:53 +0000
Islamic Tourism: Emerging Tourism Niche https://www.marcopolis.net/islamic-tourism-emerging-tourism-niche.htm https://www.marcopolis.net/islamic-tourism-emerging-tourism-niche.htm Islamic Tourism: Emerging Tourism Niche

Islamic tourism is a new emerging niche that is gaining a momentum alongside with the liberation of Iraq.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Mon, 16 Jul 2012 10:49:45 +0000
Investment outlook for Kuwait and the MENA region: oil and equities https://www.marcopolis.net/investment-outlook-for-kuwait-and-the-mena-region-oil-and-equities.htm https://www.marcopolis.net/investment-outlook-for-kuwait-and-the-mena-region-oil-and-equities.htm

Faisal M. Sarkhou, CEO of KAMCO talks about oil prices and investing. He believes that the second half of 2015 will bring return of growth and stabilization of markets.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Wed, 15 Jul 2015 08:24:49 +0000
Real Estate Companies in Kuwait | Largest Real-Estate Developers in Kuwait https://www.marcopolis.net/top-real-estate-companies-in-kuwait.htm https://www.marcopolis.net/top-real-estate-companies-in-kuwait.htm Top Real Estate Companies in Kuwait

Capital standards report that "the real estate sector in Kuwait experienced unparalleled growth during 2000–2007. Post 2007, however, the performance of the sector has remained lackluster." The contribution of the sector to GDP in Kuwait has been roughly 3.7%. 

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 06 Apr 2010 15:31:16 +0000
Kuwait on Track to Attract Investors to Invest in Kuwait https://www.marcopolis.net/kuwait-on-track-to-attract-investors-to-invest-in-kuwait.htm https://www.marcopolis.net/kuwait-on-track-to-attract-investors-to-invest-in-kuwait.htm invest-in-kuwait-3.pngOn December 27th 2008, after years of hearings and negotiations, the Kuwaiti parliament passed a law to slash taxes imposed on foreign corporations operating in Kuwait to 15 per cent, down from 55 per cent. "We are looking for serious investors that will be forthcoming with ideas or concept papers to establish successful offset ventures benefiting the contracted government body" Mazen Madooh - General Manager of National Offset Company .

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editor3@marcopolis.net (Gérard Al-Fil) Kuwait Report Thu, 08 Apr 2010 02:02:00 +0000
Major Real Estate Projects in Kuwait https://www.marcopolis.net/major-real-estate-projects-in-kuwait.htm https://www.marcopolis.net/major-real-estate-projects-in-kuwait.htm Major Real-Estate Projects in Kuwait

Dr. Osama J. Bukhamseen, Vice Chairman of Bukhamseen Group believes that the real estate in Kuwait is still under-developed.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Mon, 16 Jul 2012 10:39:48 +0000
Kuwait's capital markets: introduction of CMA important for Kuwait https://www.marcopolis.net/kuwait-s-capital-markets-introduction-of-cma-important-for-kuwait.htm https://www.marcopolis.net/kuwait-s-capital-markets-introduction-of-cma-important-for-kuwait.htm

Faisal M. Sarkhou, CEO of KAMCO talks about the effects of the introduction of CMA in 2011.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Wed, 15 Jul 2015 08:24:49 +0000
Top Logistics Companies in Kuwait | Agility & KGL https://www.marcopolis.net/top-logistics-companies-in-kuwait.htm https://www.marcopolis.net/top-logistics-companies-in-kuwait.htm Top Insurance Companies in Kuwait

Kuwait logistics sector developed as a result of the large logistic contracts associated with the presence of the US in Iraq. The 2 major players are KGL and Agility followed by Kuwait Dynamics and Mubarrad Transport. The western defense contractors have decreased. But on the other hand, there has been a substantial increase in international construction companies. The sector is still booming due due to the fact that the construction sector is booming with the government projects and international contractorsare actually requiring that service more. The end of war in Iraq can serve as a major opportunity for the Kuwaiti logistics companies. 

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 06 Apr 2010 14:45:36 +0000
Kuwait Travel and Tourism https://www.marcopolis.net/kuwait-travel-and-tourism.htm https://www.marcopolis.net/kuwait-travel-and-tourism.htm kuwait-sunset.png The name Kuwait derives from Akwat, which means fortress near water. For the gulf countries it has never been easy to lure tourists away from the aforementioned pearls of the orient. Egypt has the pyramids, Jordan its ancient Roman Amphitheaters and Syria its capital Damascus the world’s oldest, permanently inhabited city.

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editor3@marcopolis.net (Gérard Al-Fil) Kuwait Report Thu, 08 Apr 2010 03:10:38 +0000
Overview of Kuwaiti Health Care Sector https://www.marcopolis.net/overview-of-kuwaiti-health-care-sector.htm https://www.marcopolis.net/overview-of-kuwaiti-health-care-sector.htm Overview of Kuwaiti Health Care Sector

Dr. Hilal Al-Sayer, former Minister of Health of Kuwait presents the health care sector.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 13 Jul 2012 15:12:50 +0000
KAMCO's 2015 strategy https://www.marcopolis.net/kamco-s-2015-strategy.htm https://www.marcopolis.net/kamco-s-2015-strategy.htm

Faisal M. Sarkhou, CEO of KAMCO talks about KAMCO's 2015 strategy.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Wed, 15 Jul 2015 08:24:49 +0000
Insurance Companies in Kuwait | List of Largest Insurers https://www.marcopolis.net/kuwait-top-insurance-companies.htm https://www.marcopolis.net/kuwait-top-insurance-companies.htm Insurance sector seems to have a bright future. According to OBG "there appear to be several unique to Kuwait catalysts in the medium term future that will help expand the local appetite for insurance: a large scale, multi-year government spending plan, potential legal changes to

Top Insurance Companies in Kuwait

 make more forms of insurance mandatory, an overhaul of the current system for medical insurance for expatriate workers, privatisation of currently uninsured government assets and overhaul of the countries insurance laws." Furthermore Global Investment House reports that Kuwait has the lowest penetration rate as a percentage of premium income to GDP. (0.48%, Saudi Arabia 1%, UAE 1.8%).

The insurance sector is expected to rise significantly in Kuwait, as the concept of insurance is now spreading in the market, and more individuals and entities are adapting it. According to Capital Standards " Gross premiums written (GPW) in Kuwait posted an impressive 11-year compounded annual growth rate (CAGR) of 11.9% since 1999. The high growth rate attracted new players and consequently, the competitive landscape of the industry underwent sea change. The total number of insurers in Kuwait currently stands at 31 – 20 Kuwaiti companies, 7 Arabian companies and 4 foreign insurers."

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 06 Apr 2010 14:15:55 +0000
Tourism Strategy in Kuwait https://www.marcopolis.net/tourism-strategy-in-kuwait.htm https://www.marcopolis.net/tourism-strategy-in-kuwait.htm kuwait-culture-and-leisure.png The government, however, does not follow a wait-and-see attitude. In 2004 Kuwait embarked on a twenty year master tourism plan with the number one priority being to develop and improve domestic tourism. For those who want to explore a country that is surprisingly interesting, Kuwait offers all amenities, for families in particular.

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editor3@marcopolis.net (Gérard Al-Fil) Kuwait Report Thu, 08 Apr 2010 03:30:18 +0000
Kuwait Health Care Sector: Priorities for Domestic Reform https://www.marcopolis.net/kuwait-health-care-sector-priorities-for-domestic-reform.htm https://www.marcopolis.net/kuwait-health-care-sector-priorities-for-domestic-reform.htm Kuwait Health Care Sector: Priorities for Domestic Reform

Dr. Hilal Al-Sayer, former Minister of Health of Kuwait talks about the priorities for the domestic reform...

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 13 Jul 2012 15:07:26 +0000
Kuwait's economy: oil and oil related products constitute about 55 to 60% of Kuwait’s GDP https://www.marcopolis.net/kuwait-s-economy-oil-and-oil-related-products-constitute-about-55-to-60-of-kuwait-s-gdp.htm https://www.marcopolis.net/kuwait-s-economy-oil-and-oil-related-products-constitute-about-55-to-60-of-kuwait-s-gdp.htm

Faisal Hasan, Senior VP of Investment Research Department at KAMCO talks about Kuwait's economy and GDP. He believes that the major challenge for the economy is implementation of mega projects, diversification of the economy and job creation.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Wed, 15 Jul 2015 08:24:49 +0000
Airlines in Kuwait | List of Airlines in Kuwait https://www.marcopolis.net/top-airlines-in-kuwait.htm https://www.marcopolis.net/top-airlines-in-kuwait.htm Marcopolis.net has compiled the ranking of the top airlines in Kuwait. View the latest list of the leading air carriers in Kuwait. There are currently two airlines in Kuwait: Kuwait Airlines and Jazeera Airways.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 06 Apr 2010 13:18:18 +0000
Residential Real Estate in Kuwait: Prices Will Continue to Rise https://www.marcopolis.net/residential-real-estate-in-kuwait-prices-will-continue-to-rise.htm https://www.marcopolis.net/residential-real-estate-in-kuwait-prices-will-continue-to-rise.htm Residential Real Estate in Kuwait: Prices Will Continue to Rise

Due to demographic pressures and scarcity of land residential prices in Kuwait will continue to rise.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 13 Jul 2012 14:38:59 +0000
Current account surplus in Kuwait https://www.marcopolis.net/current-account-in-kuwait.htm https://www.marcopolis.net/current-account-in-kuwait.htm

Faisal Hasan, Senior VP of Investment Research Department at KAMCO talks about current account and trade surpluses in Kuwait.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Wed, 15 Jul 2015 08:24:49 +0000
Real Estate Sector in Kuwait: "Real Estate Always a Hot Investment" https://www.marcopolis.net/real-estate-sector-in-kuwait-qreal-estate-always-a-hot-investmentq.htm https://www.marcopolis.net/real-estate-sector-in-kuwait-qreal-estate-always-a-hot-investmentq.htm Real Estate Sector in Kuwait:

Real estate sector in Kuwait is to remain active according to URC (United Real Estate Company).

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 13 Jul 2012 14:31:01 +0000
Gulf Bank: Best and Fastest Service in Kuwait https://www.marcopolis.net/gulf-bank-best-and-fastest-service-in-kuwait.htm https://www.marcopolis.net/gulf-bank-best-and-fastest-service-in-kuwait.htm Gulf Bank LogoEstablished in 1960, Gulf Bank is today the second largest commercial bank in Kuwait. Gulf Bank's ambition is to become a dominant player in the local Kuwaiti retail and commercial banking space. Gulf Bank holds 11% or 12% market share at the moment.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Mon, 27 Aug 2012 10:42:18 +0000
Kuwait mega-projects: $200 billion worth of projects in Kuwait https://www.marcopolis.net/kuwait-megaprojects-200-billion-worth-of-projects-in-kuwait.htm https://www.marcopolis.net/kuwait-megaprojects-200-billion-worth-of-projects-in-kuwait.htm

Faisal Hasan, Senior VP of Investment Research Department at KAMCO talks about public spending, projects and investment sectors in Kuwait.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Wed, 15 Jul 2015 08:24:49 +0000
AREF Energy: Investment Partner in Oil & Gas services sectors https://www.marcopolis.net/aref-energy-investment-partner-in-oil-a-gas-services-sectors.htm https://www.marcopolis.net/aref-energy-investment-partner-in-oil-a-gas-services-sectors.htm AREF Energy IntroAREF Energy Holding Company K.S.C. (Closed) (herein referred to as "AREF Energy" or "the holding company" or "the company") is an investment holding company, which strives to generate returns through value creation in medium-sized energy sector companies in the MENA (Middle East and North Africa) region.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Mon, 16 Apr 2012 07:07:08 +0000
Primary Health Care in Kuwait: Need to Increase Efficiency https://www.marcopolis.net/primary-health-care-in-kuwait-need-to-increase-efficiency.htm https://www.marcopolis.net/primary-health-care-in-kuwait-need-to-increase-efficiency.htm Primary Health Care in Kuwait: Need to Increase Efficiency hospitals in Kuwait...

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 13 Jul 2012 08:45:47 +0000
Overview of oil, banking, telecom, real estate, investment and industry sector by KAMCO https://www.marcopolis.net/overview-of-oil-banking-telecom-real-estate-investment-and-industry-sector-by-kamco.htm https://www.marcopolis.net/overview-of-oil-banking-telecom-real-estate-investment-and-industry-sector-by-kamco.htm

Faisal Hasan, Senior VP of Investment Research Department at KAMCO talks about the oil and gas, banking, real estate, telecom and industry sector.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Wed, 15 Jul 2015 08:24:49 +0000
Investment outlook for the MENA region https://www.marcopolis.net/investment-outlook-for-the-mena-region.htm https://www.marcopolis.net/investment-outlook-for-the-mena-region.htm

Faisal Hasan, Senior VP of Investment Research Department at KAMCO talks about the investment outlook for the MENA region.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Wed, 15 Jul 2015 08:24:49 +0000
Kuwait Fund for Arab Economic Development https://www.marcopolis.net/kuwait-fund-for-arab-economic-development.htm https://www.marcopolis.net/kuwait-fund-for-arab-economic-development.htm Kuwait Fund for Arab Economic Development (The Fund) is a Kuwaiti public corporation established by the State of Kuwait in order to provide assistance to Arab and ther developing countries in developing their economies and to promote cooperation and friendship between the State of Kuwait and such countries.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 30 Mar 2010 22:42:47 +0000
Health Care Sector in Kuwait: Non-Communicable Diseases Threaten Kuwait https://www.marcopolis.net/health-care-sector-in-kuwait-non-communicable-diseases-threaten-kuwait.htm https://www.marcopolis.net/health-care-sector-in-kuwait-non-communicable-diseases-threaten-kuwait.htm Health Care Sector in Kuwait: Non-Communicable Diseases Threaten Kuwait

Essential vaccination is done alongside with a lot of prevention work. However, chronic diseases such as Diabetes are growing at a rapid rate.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 13 Jul 2012 08:25:39 +0000
Education sector in Kuwait: priorities for domestic reform https://www.marcopolis.net/education-sector-in-kuwait-priorities-for-domestic-reform.htm https://www.marcopolis.net/education-sector-in-kuwait-priorities-for-domestic-reform.htm

Abdullatif A. Al-Bader, President of Kuwait University talks about governmental priorities for education reform.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Thu, 16 Jul 2015 10:21:02 +0000
Muthanna Investment Company Leading Islamic Investment Company in Kuwait https://www.marcopolis.net/muthanna-investment-company-leading-islamic-investment-company-in-kuwait.htm https://www.marcopolis.net/muthanna-investment-company-leading-islamic-investment-company-in-kuwait.htm Muthanna Investment Company K.S.C.C. ("MIC") started business in mid 2004 as an investment company carrying on business in accordance with the Noble Sharia. The Company's roots extend ack to 1977 when its Parent, Kuwait Finance House "KFH", was the first Islamic finance institution in Kuwait..

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 19 Mar 2010 11:40:36 +0000
New Projects at Kuwait Scientific Centre https://www.marcopolis.net/new-projects-at-kuwait-scientific-centre.htm https://www.marcopolis.net/new-projects-at-kuwait-scientific-centre.htm New Projects at Kuwait Scientific Centre

The Kuwait Scientific Centre is planning a new expansion.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 13 Jul 2012 07:38:15 +0000
Major challenge for education sector in Kuwait https://www.marcopolis.net/major-challenge-for-education-sector-in-kuwait.htm https://www.marcopolis.net/major-challenge-for-education-sector-in-kuwait.htm

Abdullatif A. Al-Bader, President of Kuwait University talks about the major challenge for the education sector in Kuwait.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Thu, 16 Jul 2015 10:21:02 +0000
Grant Jackson - Biography https://www.marcopolis.net/grant-jackson-biography.htm https://www.marcopolis.net/grant-jackson-biography.htm Grant Jackson Biography

Grant Jackson: Biography

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Abdullatif A. Al-Bader, President of Kuwait University talks about the major expansion of Kuwait University.

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Thu, 16 Jul 2015 10:21:02 +0000
Vision for Kuwait University https://www.marcopolis.net/vision-for-kuwait-university.htm https://www.marcopolis.net/vision-for-kuwait-university.htm

Abdullatif A. Al-Bader, President of Kuwait University talks about the vision for Kuwait University

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pmatay@marcopolis.net (Peter Matay) Kuwait Report Thu, 16 Jul 2015 10:21:02 +0000
Kuwait: Tourism Sector Lacks Investments https://www.marcopolis.net/kuwait-tourism-sector-lacks-investments.htm https://www.marcopolis.net/kuwait-tourism-sector-lacks-investments.htm Kuwait: Tourism Sector Lacks Investments

According to Mijbil Al-Mutawa, Chairman of The Kuwait Scientific Centre (TKSC), Kuwait needs to invest into tourism projects.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 13 Jul 2012 07:04:32 +0000
Corporate Social Responsibility at Agility https://www.marcopolis.net/corporate-social-responsibility-at-agility.htm https://www.marcopolis.net/corporate-social-responsibility-at-agility.htm Corporate Social Responsibility at Agility

Find out about Agility's approach towards CSR.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 12 Jul 2012 21:28:12 +0000
Agility: Major Concern is Global Growth https://www.marcopolis.net/agility-major-concern-is-global-growth.htm https://www.marcopolis.net/agility-major-concern-is-global-growth.htm Agility: Major Concern is Global Growth

Being a global logistics company, Agility's platform covers 95% of the global GDP.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 12 Jul 2012 21:23:52 +0000
Agility: Strategy, Differentiation and Competitive Edge https://www.marcopolis.net/agility-strategy-differentiation-and-competitive-edge.htm https://www.marcopolis.net/agility-strategy-differentiation-and-competitive-edge.htm Agility: Strategy, Differentiation and Competitive Edge

Agility's main strategy over the next 5 years is to focus on the emerging markets, where Agility invested almost 2 billion US dollars in the last two years.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 12 Jul 2012 21:17:10 +0000
Kuwait Leading Islamic Bank, Kuwait Finance House (KFH) https://www.marcopolis.net/kuwait-leading-islamic-bank-kuwait-finance-house-kfh.htm https://www.marcopolis.net/kuwait-leading-islamic-bank-kuwait-finance-house-kfh.htm KFH,-Mohammed-Sulaiman-Al-Omar,-CEO.jpgInterview with Mohammed Sulaiman Al-Omar, CEO of Kuwait Finance House (KFH). Kuwait Finance House is in green numbers and working within the markets.  If we as Kuwait Finance House look at Kuwait costs of funding, it came down from 6.5% to 3% which is almost 50% and if I was a bank and wanted to price my product I would need to look at the base rate, which has come down quite a huge percentage.  Thus, Kuwait Finance House is still in the green and are optimistic for the market in the banking sector.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 11 Feb 2010 00:00:00 +0000
Kuwait: Ideal Place to Do Business in Iraq https://www.marcopolis.net/kuwait-ideal-place-to-do-business-in-iraq.htm https://www.marcopolis.net/kuwait-ideal-place-to-do-business-in-iraq.htm Kuwait: Ideal Place to Do Business in Iraq

Despite many complexities and heavy bureaucracy Kuwait is an ideal place when you want to do business in Iraq.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 12 Jul 2012 21:11:40 +0000
Partnerships Technical Bureau: Gateway for the Investors https://www.marcopolis.net/partnerships-technical-bureau-gateway-for-the-investors.htm https://www.marcopolis.net/partnerships-technical-bureau-gateway-for-the-investors.htm Partnerships Technical Bureau: Gateway for the Investors

The aim of PTB is that investors - both international and local - have a platform to meet and seed partnerships with the government of Kuwait.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 12 Jul 2012 20:45:40 +0000
PTB: Most Important Projects in Kuwait https://www.marcopolis.net/ptb-most-important-projects-in-kuwait.htm https://www.marcopolis.net/ptb-most-important-projects-in-kuwait.htm PTB: Most Important Projects in Kuwait

According to Adel M. Al Roumi, President of Partnerships Technical Bureau (PTB), the most important project for 2012 in Kuwait is North Zhour power station.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 12 Jul 2012 20:39:07 +0000
Media Freedom in Arab World https://www.marcopolis.net/media-freedom-in-arab-world.htm https://www.marcopolis.net/media-freedom-in-arab-world.htm Media Freedom in Arab World

Media and press freedom in Kuwait can't be compared to the one of Europe or USA. Arabic/Muslim society has its traditions and habits which can't be avoided.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 12 Jul 2012 20:14:27 +0000
Kuwait's Political System Hindering Economic Growth https://www.marcopolis.net/kuwaits-political-system-hindering-economic-growth.htm https://www.marcopolis.net/kuwaits-political-system-hindering-economic-growth.htm Kuwait's Political System Hindering Economic Growth

Ahmed Al-Jarallah, Editor-in-Chief of Arab Times argues that Kuwait's political system is slowing down the economic growth of Kuwait.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 12 Jul 2012 19:49:16 +0000
Arab Spring: Threat or Opportunity? https://www.marcopolis.net/arab-spring-threat-or-opportunity.htm https://www.marcopolis.net/arab-spring-threat-or-opportunity.htm Arab Spring: Threat or Opportunity?

Arab Spring is both an opportunity and a threat according to Ahmed Al-Jarallah.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 12 Jul 2012 19:34:34 +0000
Report: Political and Social Trends in The Arab World https://www.marcopolis.net/report-political-and-social-trends-in-the-arab-world.htm https://www.marcopolis.net/report-political-and-social-trends-in-the-arab-world.htm Report: Political and Social Trends in The Arab World

Ahmed Al-Jarallah, Editor-in-Chief of Arab Times comments on the political and social trends in the Arab world.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 12 Jul 2012 12:19:26 +0000
Family Business in Kuwait: Moving to the Next Stage https://www.marcopolis.net/family-business-in-kuwait-moving-to-the-next-stage.htm https://www.marcopolis.net/family-business-in-kuwait-moving-to-the-next-stage.htm Family Business in Kuwait: Moving to the Next Stage

Garry Walsh, CEO of Mezzan Holding believes that the family businesses in Kuwait are the first stage of becoming multinational companies.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 11 Jul 2012 12:39:39 +0000
Kuwait: Retail Sector Report by Mezzan Holding https://www.marcopolis.net/kuwait-retail-sector-report-by-mezzan-holding.htm https://www.marcopolis.net/kuwait-retail-sector-report-by-mezzan-holding.htm Kuwait: Retail Sector Report by Mezzan Holding

Garry Walsh predicts that over the next 10 years Kuwaiti retail sector will grow by 8% a year.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 11 Jul 2012 12:30:15 +0000
Logistics Sector in Kuwait: Intense Competition for the Shrinking Pie https://www.marcopolis.net/logistics-sector-in-kuwait-intense-competition-for-the-shrinking-pie.htm https://www.marcopolis.net/logistics-sector-in-kuwait-intense-competition-for-the-shrinking-pie.htm Logistics Sector in Kuwait: Intense Competition for the Shrinking Pie

Eng. Rawaf I. Bourisli, Chairman and CEO of Kuwait Dynamics (KDL), believes that the logistics market in Kuwait is getting more competitive...

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 11 Jul 2012 12:13:58 +0000
Real-Estate and Construction Sector in Kuwait: Outlook https://www.marcopolis.net/real-estate-and-construction-sector-in-kuwait-outlook.htm https://www.marcopolis.net/real-estate-and-construction-sector-in-kuwait-outlook.htm construction-real-estate-sector

The outlook for commercial real-estate in Kuwait remains negative due to...

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 11 Jul 2012 11:57:05 +0000
Investment Companies in Kuwait: Long Wait for Economic Reform and Privatization https://www.marcopolis.net/investment-companies-in-kuwait-long-wait-for-economic-reform-and-privatization.htm https://www.marcopolis.net/investment-companies-in-kuwait-long-wait-for-economic-reform-and-privatization.htm Investment Companies in Kuwait: Long Wait for Economic Reform and Privatization

Investment companies in Kuwait have been waiting for the economic reform and privatization for long time.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 11 Jul 2012 11:04:50 +0000
Kuwait: Lack of Investment Opportunities https://www.marcopolis.net/kuwait-lack-of-investment-opportunities.htm https://www.marcopolis.net/kuwait-lack-of-investment-opportunities.htm Kuwait: Lack of Investment Opportunities

Kuwaiti government owns almost all the oil and related services - production, distribution, refining, and marketing.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 11 Jul 2012 10:58:19 +0000
Kuwait: Investment Sector Outlook 2012 by Bayan Investment Company https://www.marcopolis.net/kuwait-investment-sector-outlook-2012-by-bayan-investment-company.htm https://www.marcopolis.net/kuwait-investment-sector-outlook-2012-by-bayan-investment-company.htm Kuwait: Investment Sector Outlook 2012 by Bayan Investment Company

Faisal Ali Al-Mutawa, Chairman and Managing Director of Bayan Investment Company, does not believe that the outlook for investment sector in Kuwait will improve in 2012-2013.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 11 Jul 2012 10:49:53 +0000
Corporate Venues in Kuwait: Kuwait Scientific Center Liked By the Corporates for Venues & Events https://www.marcopolis.net/corporate-venues-in-kuwait-kuwait-scientific-center-liked-by-the-corporates-for-venues-a-events.htm https://www.marcopolis.net/corporate-venues-in-kuwait-kuwait-scientific-center-liked-by-the-corporates-for-venues-a-events.htm Coporate Venues in Kuwait: Kuwait Scientifc Center Preffered By the Coporates for Venues & Events

Aside from its scientific educational mandate, Kuwait Scientific Center is a favourite location for corporate venues, events & conferences. Mijbil Mutawa, Kuwait Scientific Center's Chairman, talks about KSC as a great place for corporate venues & events.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Fri, 20 Apr 2012 01:03:19 +0000
Sahara Kuwait Resort, Best Golf Resort in Kuwait https://www.marcopolis.net/sahara-kuwait-resort-best-golf-resort-in-kuwait.htm https://www.marcopolis.net/sahara-kuwait-resort-best-golf-resort-in-kuwait.htm HASSAN-BAYERLI-sahara-kuwait-golf-resort.jpg Best Golf Resort in Kuwait, General Manager of Sahara Kuwait Resort, Hassan Bayerli - traveler's tips

Sahara Golf Resort resort is like a rainbow and has all of the colors, not only top executives, but also several different segments in order to fulfill the needs of the golfersSahara Golf Resort has academic professors, general managers, CEOs, chairmen, engineers, and people from all sectors in general. There is an increasing trend in Kuwait to practice golf.  At the Sahara Kuwait Resort we are able to fulfill the needs of this sport both locally and in the region.  We are frequently visited by international travelers at our resort who come to play golf in Kuwait.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Sun, 14 Mar 2010 00:00:00 +0000
Aircraft Leasing in the Gulf https://www.marcopolis.net/aircraft-leasing-in-the-gulf.htm https://www.marcopolis.net/aircraft-leasing-in-the-gulf.htm Ahmed-A.-Al-Zabin,-CEO-of-ALAFCO.png

Interview with Ahmed A. Al Zabin, CEO of ALAFCO. Within Kuwait and the Gulf, ALAFCO is trying to promote leasing as a good method of purchase and show the advantages of leasing aircraft. Leasing in Kuwait and the Gulf has reached 40-50% and this shows how acceptable leasing is becoming compared to the 10-15% it used to be a few years ago in the Gulf. The general public awareness in Kuwait and in the Gulf about leasing is increasing and people are beginning to understand ALAFCO and how ALAFCO operates.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 01 Apr 2010 09:02:45 +0000
Exploding Diabetes Rates in Kuwait: Kuwait Heading to a Collapse https://www.marcopolis.net/exploding-diabetes-rates-in-kuwait-kuwait-heading-to-a-collapse.htm https://www.marcopolis.net/exploding-diabetes-rates-in-kuwait-kuwait-heading-to-a-collapse.htm Exploding Diabetes Rates in Kuwait: Kuwait Heading to a Collapse

Kuwait has the 3rd highest rate of Diabetes. About 250,000 (out of 1.2 million Kuwaitis) suffer from diabetes I or II. Dr. Kazem Behbehani, Director General of Dasman Diabetes Institute, warns about potential economic & social collapse.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Fri, 20 Apr 2012 00:34:46 +0000
The Story of Bayt Abdullah Children's Hospice https://www.marcopolis.net/the-story-of-bayt-abdullah-child-hospice.htm https://www.marcopolis.net/the-story-of-bayt-abdullah-child-hospice.htm Margaret Al-Sayer, Founding Director of Bayt

Margaret Al-Sayer, Founding Director of Bayt Abdullah Children's Hospice, shares her journey of building Bayt Abdullah Children's Hospice for terminally ill children.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Thu, 19 Apr 2012 01:25:53 +0000
Burgan Bank: Restoring Profitability and Growing in the Region https://www.marcopolis.net/burgan-bank-restoring-profitability-and-growing-in-the-region.htm https://www.marcopolis.net/burgan-bank-restoring-profitability-and-growing-in-the-region.htm Eduardo Eguren, CEO of Burgan Bank

Burgan Bank's normalized operating margin in 2011 grew 15%, several times the expansion of the GDP. Thus, the bank has been able to win some market share.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Thu, 19 Apr 2012 00:13:47 +0000
Global Logistics Trends: "Emerging Markets Dominating the Trade Lines" says Agility https://www.marcopolis.net/global-logistics-trends-qemerging-markets-dominating-the-trade-linesq-says-agility.htm https://www.marcopolis.net/global-logistics-trends-qemerging-markets-dominating-the-trade-linesq-says-agility.htm Tarek Sultan Interviewed for Kuwait Report

"Emerging markets will continue to decouple from developed economies," admits Tarek Sultan, CEO & Managing Director of Agility.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Wed, 18 Apr 2012 23:23:22 +0000
Kuwait's Education: Aircraft Maintenance and Maritime Maintenance at ACK https://www.marcopolis.net/kuwaits-education-aircraft-maintenance-and-maritime-maintenance-at-ack.htm https://www.marcopolis.net/kuwaits-education-aircraft-maintenance-and-maritime-maintenance-at-ack.htm Kuwait's Education: Aircraft Maintenance and Maritime Maintenance at ACK

Australian College of Kuwait is one of the few institutions of higher learning that offer specialized courses in aircraft maintenance and maritime maintenance.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Wed, 18 Apr 2012 22:33:30 +0000
Kuwait: 25 Year Plan for Education https://www.marcopolis.net/kuwait-25-year-plan-for-education.htm https://www.marcopolis.net/kuwait-25-year-plan-for-education.htm

Kuwait's 25 year plan for education has been slow to start.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Wed, 18 Apr 2012 22:21:59 +0000
Kuwait International Industry Partners, Mezzan Holding https://www.marcopolis.net/kuwait-international-industry-partners-mezzan-holding.htm https://www.marcopolis.net/kuwait-international-industry-partners-mezzan-holding.htm mohammed-jassim-al-wazzan,-mezzan-holding.pngInterview with Mohammed Jassim Al Wazzan. Mezzan Holding see itself as playing a major role in industries. This is where as Mezzan Holding, we are looking and it is a very long term vision that will come about as a result of strong investments. Mezzan holding is looking for international partners. For example, in Bahrain we are looking into the napkin industry on the consumer end. Mezzan holding wants to grow our product lines into the industry and we would be willing to cooperate with major companies. We plan to stay in the GCC region in terms of our expansion because there is a lot of opportunity for growth.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 24 Mar 2010 13:50:40 +0000
Education in Kuwait: Reforms, Private Universities and Priorities https://www.marcopolis.net/education-in-kuwait-reforms-private-universities-and-priorities.htm https://www.marcopolis.net/education-in-kuwait-reforms-private-universities-and-priorities.htm American University of Kuwait (AUK): Liberal Arts University in Kuwait

Dr. Thompson, President of American University of Kuwait (AUK), provides interesting insights into education sector in Kuwait. He believes that Kuwait is on a right track to reform its education system.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Wed, 18 Apr 2012 21:14:20 +0000
American University of Kuwait (AUK): Liberal Arts University in Kuwait https://www.marcopolis.net/american-university-of-kuwait-auk-liberal-arts-university-in-kuwait.htm https://www.marcopolis.net/american-university-of-kuwait-auk-liberal-arts-university-in-kuwait.htm American University of Kuwait (AUK): Liberal Arts University in Kuwait

American University of Kuwait (AUK) is one of the few institutions providing education based on the liberal arts model in Kuwait.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Wed, 18 Apr 2012 21:03:18 +0000
Kuwait's Industrial Development 2012: Kuwait's Industry Is Facing Many Problems https://www.marcopolis.net/kuwaits-industrial-development-2012-kuwaits-industry-facing-many-problems.htm https://www.marcopolis.net/kuwaits-industrial-development-2012-kuwaits-industry-facing-many-problems.htm Kuwait: Industrial Development in 2012

Main problems for Kuwait's industrial development is the difficult access to land and gas, red tape and long procedures to issue licenses.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Wed, 18 Apr 2012 14:07:18 +0000
Doing Business in Kuwait https://www.marcopolis.net/doing-business-in-kuwait.htm https://www.marcopolis.net/doing-business-in-kuwait.htm Doing Business in Kuwait

There are numerous ways to enter Kuwaiti market. KFIB is one of the options. The foreign investors can enter into a JV with a local partner, they can follow a standard procedure with the ministry of industry, choose an opportunity with the offset program or participate in a PPP.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Wed, 18 Apr 2012 13:11:48 +0000
Kuwait Travel Market, Wataniya Airways https://www.marcopolis.net/kuwait-travel-market-wataniya-airways.htm https://www.marcopolis.net/kuwait-travel-market-wataniya-airways.htm George-Cooper-wataniya-airways-ceo.png Kuwait Aviation, Wataniya Airways, CEO, George Cooper

The Kuwaiti National market even though it is a small population.  Kuwaiti Nationals travel a lot both for business and leisure.  We are not in a price driven market, and the scheduling isn’t always most important, however, what is most important is the quality of experience brought to the customer by the airline.  In the region there are airlines that provide this world-class experience and we wanted to figure out how to differentiate ourselves among them with our level of experience.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Fri, 07 May 2010 18:22:10 +0000
Kuwait's FDI: Amount of Kuwait Foreign Direct Investments https://www.marcopolis.net/kuwaits-fdi-amount-of-kuwait-foreign-direct-investments.htm https://www.marcopolis.net/kuwaits-fdi-amount-of-kuwait-foreign-direct-investments.htm Corporate Bond Market in Kuwait: Signs of Recovery

According to a report by NBK Capital, "basic level of FDI over the last decade—a mere $313 million a year on average—is by far the lowest in the GCC (GCC average is $44 billion per annum) and among the lowest in the wider MENA region." Full report click here.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Wed, 18 Apr 2012 13:06:51 +0000
KAMCO: Investment Strategy for 2012 https://www.marcopolis.net/kamco-investment-strategy-for-2012.htm https://www.marcopolis.net/kamco-investment-strategy-for-2012.htm Corporate Bond Market in Kuwait: Signs of Recovery

The strategy is to focus on KAMCO's core business lines such as asset management and investment banking and at the same time capitalize on the rising growth opportunities in the GCC and China. Sadoun A. Ali, Chief Executive Officer of KAMCO, admits that "those 2 areas (China and the GCC) show healthy growth and KAMCO is looking for ways and products to tap into those markets."

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Wed, 18 Apr 2012 11:00:24 +0000
Corporate Bond Market in Kuwait: Signs of Recovery https://www.marcopolis.net/corporate-bond-market-in-kuwait-signs-of-recovery.htm https://www.marcopolis.net/corporate-bond-market-in-kuwait-signs-of-recovery.htm Corporate Bond Market in Kuwait: Signs of Recovery

The investment banks, asset managers and investment companies in Kuwait have been hit by the 2008 global financial crisis.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Wed, 18 Apr 2012 10:47:02 +0000
Investment Banking and Asset Management in Kuwait: Focus on Core Business https://www.marcopolis.net/investment-banking-and-asset-management-in-kuwait-focus-on-core-business.htm https://www.marcopolis.net/investment-banking-and-asset-management-in-kuwait-focus-on-core-business.htm Investment Banking and Asset Management Industry in Kuwait to Focus on Core Business

The investment banks, asset managers and investment companies in Kuwait have been hit by the 2008 global financial crisis.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Wed, 18 Apr 2012 10:40:18 +0000
Kuwait: Capital Markets Outlook 2012 https://www.marcopolis.net/kuwait-capital-markets-outlook-2012.htm https://www.marcopolis.net/kuwait-capital-markets-outlook-2012.htm Kuwait Capital Markets Outlook 2012

Sadoun A. Ali, Chief Executive of KAMCO, a leading asset manager and investment banking company sees capital markets in Kuwait to remain stable in 2012.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Wed, 18 Apr 2012 10:22:35 +0000
Kuwait Investments, Global Securities House and Gatehouse Bank https://www.marcopolis.net/kuwait-investments-global-securities-house-and-gatehouse-bank.htm https://www.marcopolis.net/kuwait-investments-global-securities-house-and-gatehouse-bank.htm Fahad-Boodai-Global-Securities-House-Gatehouse-Bank.jpg

Interview with Fahed Faisal Boodai, Gatehouse Bank. When we at Kuwait Global Securities House say cherry picking we look at this from two points. One, from the investor’s standpoint what does the investor and what are the clients needs in this market? For example, In 2002-2003 Kuwait Global Securities House invested heavily in GCC and Kuwait real estate but slowed down in 2004 - that is where the cherry picking comes in and where opportunities began to be handpicked. Most importantly real estate and investment are all about timing. In 2006-2007, Global Securities House started exiting some of these investments and I think that that was very smart because given the economic downturn we recently witnessed Global Securities House would have really been hurt.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Mon, 15 Mar 2010 16:51:57 +0000
Kuwait Airways, Leading Airways in Kuwait https://www.marcopolis.net/kuwait-airways-leading-airways-in-kuwait.htm https://www.marcopolis.net/kuwait-airways-leading-airways-in-kuwait.htm Kuwait-Airways,-Hamad-Abdullatif-Al-Falah,-Chairman-and-MD,-23.2.10,-S.jpg

Interview with Hamad Abdullatif Al Falah. Kuwait Airways is a diamond, and whoever buys with Kuwait Airways will be a winner.  We have the best pilots, engineers, technicians, and training center that serves many Arab countries.  Kuwait Airways is ahead of our competitors with regard to all of these aspects.  Kuwait Airways is at the end now because our aircraft are older and smaller in number.  If we have a bigger number of aircraft we can offer more destinations and with newer aircraft we will be more competitive and we can capture more of the market.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 16 Mar 2010 17:15:10 +0000
Kuwait's Capital Markets Authority: Overview and Expectations https://www.marcopolis.net/kuwaits-capital-markets-authority-overview-and-expectations.htm https://www.marcopolis.net/kuwaits-capital-markets-authority-overview-and-expectations.htm Capital Markets Authority in Kuwait

Recent feature of Kuwait Financial Markets is the adoption of Capital Markets Authority. According to KAMCO research "the Capital Market Authority in Kuwait created through a bill approved by the Kuwaiti parliament in February 2010 is on the right track but will require time to implement the laws and regulations that aim at regulating securities activities in a fair, competitive and transparent manner, protecting investors and implementing a policy of full disclosure so as to promote justice and transparency and to prevent conflicts of interest and the exploitation of insider information. The CMA Kuwait will bring more transparency and oversight to Kuwait Stock Exchange that in turn will boost confidence among foreign and institutional investors."

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Wed, 18 Apr 2012 10:17:52 +0000
Insider Trading in Kuwait: "Insider Trading Practices Not Widespread" https://www.marcopolis.net/insider-trading-in-kuwait-qinsider-trading-practices-not-widespreadq.htm https://www.marcopolis.net/insider-trading-in-kuwait-qinsider-trading-practices-not-widespreadq.htm Insider Trading in Kuwait

Often the companies listed on the KSE have are implicated in a convoluted, opaque ownership schemes and many argue that there has been many cases of insider trading. Due to the size, Sadoun A. Ali, Chief Executive of KAMCO, a leading asset manager and investment banking company dismisses that widespread insider trading practices exist but admits that there are speculators in the market acting and trading upon rumors.

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editor@marcopolis.net (Jacques Yétérian) Kuwait Report Wed, 18 Apr 2012 10:05:53 +0000
Abdulwahab Al-Bader on Kuwait Fund's 50th Anniversary https://www.marcopolis.net/abdulwahab-al-bader-on-kuwait-funds-50th-anniversary.htm https://www.marcopolis.net/abdulwahab-al-bader-on-kuwait-funds-50th-anniversary.htm Kuwait Fund says Arab Spring an Opportunity

During the past 50 years Kuwait Fund has established a legacy of 788 loans in support of development and sustainable projects worth USD 15.094 billion. Kuwait Fund is making a difference in more than 104 countries around the world. Al-Bader comments on the 50th anniversary of Kuwait Fund.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 17 Apr 2012 15:13:55 +0000
Kuwait Fund Considers Arab Spring an Opportunity https://www.marcopolis.net/kuwait-fund-says-arab-spring-an-opportunity.htm https://www.marcopolis.net/kuwait-fund-says-arab-spring-an-opportunity.htm

Abdulwahab Al-Bader, Director General of Kuwait Fund, considers the Arab Spring as an opportunity for the development in the MENA region. Furthermore, he admits further changes as a result of the events that started in February 2011.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 17 Apr 2012 15:11:41 +0000
Kuwait Foreign Policy: Kuwait Fund Explains Kuwait Foreign Policy https://www.marcopolis.net/kuwait-foreign-policy-kuwait-fund-explains-kuwait-foreign-policy.htm https://www.marcopolis.net/kuwait-foreign-policy-kuwait-fund-explains-kuwait-foreign-policy.htm Kuwait Foreign Policy: Kuwait Fund Explains Kuwait Foreing Policy

Abdulwahab Al-Bader, Director General of Kuwait Fund, argues that Kuwait Foreign policy is an open minded policy. The national objective of the policy is to promote the role of the State of Kuwait in the international community. Kuwait Fund is involved in more than 104 countries and provides 250 million Kuwaiti Dinars per year in loans.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 17 Apr 2012 15:04:50 +0000
Kuwait Fund: Loan Allocation Strategy Unlikely to Change https://www.marcopolis.net/kuwait-fund-loan-allocation-strategy-unlikely-to-change.htm https://www.marcopolis.net/kuwait-fund-loan-allocation-strategy-unlikely-to-change.htm Kuwait Fund: Loan Allocation Strategy Unlikely to Change

During the past 50 years geographical loan allocation was 54.57% for Arab countries, 19.57% East, South Asian & Pacific Countries, 17.08% for African countries, 6.33% for Central Asian and European countries and 2.45 % for Latin American and Caribbean countries. Al-Bader explains the future of loan allocation.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 17 Apr 2012 15:02:06 +0000
Kuwait Petroleum Corporation's Vision https://www.marcopolis.net/kuwait-petroleum-corporations-vision.htm https://www.marcopolis.net/kuwait-petroleum-corporations-vision.htm Kuwait Petroleum Corporation's Vision

KPC's vision is to be a secure supplier of oil for the world and to transform the company into an gas producer, while strictly adhering to corporate social responsibility. Farouk Al-Zanki addresses a key message on KPC's vision.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 17 Apr 2012 12:13:15 +0000
Corporate Social Responsibility a Strategic Issue for the Largest Corporation in Kuwait https://www.marcopolis.net/corporate-social-responsibility-a-strategic-issue-for-the-largest-corporation-in-kuwait.htm https://www.marcopolis.net/corporate-social-responsibility-a-strategic-issue-for-the-largest-corporation-in-kuwait.htm Corporate Social Responsibility a Strategic Issue for the Largest Corporation in Kuwait

Corporate social responsibility is a strategic issue for KPC. KPC is involved In many projects to contribute to the society such as Bayt Abdullah Children Hospice, scholarships for students, environmental projects and substituting LNG for oil is rapidly improving the air quality.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Tue, 17 Apr 2012 11:59:27 +0000
Kuwait Airways https://www.marcopolis.net/kuwait-airways.htm https://www.marcopolis.net/kuwait-airways.htm kuwait-airways-hamda al fallah.png Chairman and Managing Director of Kuwait Airways, leading Kuwaiti airways, talks about privatization of Kuwait Airways and benefits to the investor. Mr. Al Falah also outlines his vision for Kuwait Airways.   

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editor3@marcopolis.net (Ben Novak) Kuwait Report Sun, 28 Mar 2010 23:47:30 +0000
KAMCO Investment Strategy https://www.marcopolis.net/kamco-investment-strategy.htm https://www.marcopolis.net/kamco-investment-strategy.htm sadoun ali kamco ceo kuwait asset management.png KAMCO is one of the top 5 investment and asset management companies in Kuwait. CEO of KAMCO, Sadoun A. Ali, talks about KAMCO's investment strategy and challenges. KAMCO is also a part of KIPCO - one of the largest diversified companies in Kuwait. (Their subsidiaries include companies such as Gulf Insurance, for example.)

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editor3@marcopolis.net (Ben Novak) Kuwait Report Mon, 22 Mar 2010 15:18:37 +0000
Kuwait Oil Suppliers https://www.marcopolis.net/kuwait-oil-suppliers.htm https://www.marcopolis.net/kuwait-oil-suppliers.htm Global-International-General-Trading-and-Contracting-Hussain-Abdulla-Jowhar.png Global-International-General-Trading-and-Contracting---Jose-R.-Erinjeri.pngChairman and General Manager of Global International General Trading and Contracting, Kuwait emerging oil company, Hussain Abdulla Jowhar and Jose R. Erinjeri

Global International General Trading and Contracting started in 1993 with limited capital.  Through the combination of our experiences, we made a strategy of how to proceed and grow our business.  We grew slowly with the market to reach where we are today.  This is the seventeenth year of our company and in suppliable consumables for the oil sector we are a true leader.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Wed, 31 Mar 2010 17:53:23 +0000
United Real Estate Company https://www.marcopolis.net/united-real-estate-company.htm https://www.marcopolis.net/united-real-estate-company.htm Kuwait Leading Developers, United Real Estate Company, Director of Corp. Communications, Haidar Zankawi

United Real Estate is Kuwait leading developer, our strategy is to expand locally and in the MENA region.  If you consider United Real Estate as the real estate arm for the KIPCO group then you can see that we have a lot of opportunities to be involved in their projects and developments.  Internationally, United real estate is a major player in Jordan and the Abdul Ali Mall project.  We also have many investments in Egypt, specifically in Cairo and Sharm El Sheikh where we are working development and and building a large resort area.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Thu, 01 Apr 2010 14:34:28 +0000
Jazeera Airways, Kuwait Airlines https://www.marcopolis.net/jazeera-airways-kuwait-airlines.htm https://www.marcopolis.net/jazeera-airways-kuwait-airlines.htm jazeera-airways-stefan-pichler.png

Interview with Stefan Pichler. We want to offer a low cost Kuwait airline and have the highest revenue possible.  Business class for Jazeera Airways is about nothing more than generating higher revenues and Jazeera Airways wants to target all segments in Kuwait and elsewhere.  Jazeera Airways would love to have business travelers travel on Jazeera Airways so that is why we would want to offer this.  Offering attractive fares for both business and economic class is our priority.

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editor3@marcopolis.net (Ben Novak) Kuwait Report Mon, 29 Mar 2010 10:42:21 +0000