Kuwait Interviews

List of all articles filed under “kuwait-interviews” category.

Kuwait Investment Climate

April 1, 2010

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.

Al Ahli Bank of Kuwait | Exclusive Interview

March 31, 2010

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.

Kuwait Oil Suppliers

March 31, 2010

Chairman 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.

Kuwait Asset Management

March 31, 2010

Interview 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.

Jazeera Airways, Kuwait Airlines

March 29, 2010

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.

Kuwait Energy, Emerging Oil Company in Kuwait

March 26, 2010

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.

Islamic Fund in India, Kuwait Investments

March 26, 2010

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.

Kuwait Business Partner

March 26, 2010

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.

Invest in Kuwait, Kuwait Minister of Commerce and Industry

March 25, 2010

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 Foreign Investments

March 25, 2010

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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