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.
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.
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).
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.
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.
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.
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.
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.
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.
Interview 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.
