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.
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.
Abidjan, Côte d’Ivoire’s largest city is also the home of the second largest port in Africa. Overseen by the Autonomous Port of Abidjan (PAA), the largest operator of merchandise through the port is SIMAT (Societe Ivorienne de Manutention et Transit).
Incorporated in 1994 with a capital of 110 million CFA, Petro Ivoire, SA is a public limited company engaged in the distribution of oil products and gas.
Founded in 1964, SIFCA is the leading corporate group in West African agribusiness. With a workforce of over 29,000 located in five countries, SIFCA specializes in cultivating, processing, and marketing of three main agricultural products.
Ageroute is both an independent entity as well as the agency of Ivory Coast responsible for road maintenance and funding. Ageroute was specifically charged charged with coordinating and supervising the extension of the country’s road network and the renovation of existing roads.
To the average American or even European business person, one of the most remarkable developments, not only in Cote d’Ivoire but throughout much of the developing world, is the work of the Aga Khan Development Network (AKDN).
Most banks in Kuwait have increased their loan loss provisions, whether general or specific. Gulf Bank is 100% covered.
Gulf Air Grand Prix is said to create many new jobs in the Kingdom of Bahrain.
Michel Accad, CEO of Gulf Banks talks about non-performing loans in Kuwait’s Banking sector.
