Qatar Economic Report 2012 by Global Investment House
Qatar economy expected to witness growth real GDP growth of 18.7% in 2011.
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Al Ahli Bank of Kuwait
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.
Ambitious Oman targets 12 million visitors by 2020
Ambitious Oman targets 12 million visitors by 2020.
Industrial Companies in Kuwait | List of Top 10 Industry Companies
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).
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%)
Top Construction Companies | Top 10 Contractors in Kuwait
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
Retail Companies in Kuwait | 5 Largest Retailers 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.
Hospitals in Kuwait | 5 Largest Hospitals in Kuwait
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.
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).
Universities in Kuwait | Top Public and Private Universities
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 Islamic Investment Companies in Kuwait | 5 Most Important Companies
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.
Top Investment Banks in Kuwait | Largest 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.