Scientific Center of Kuwait Recieved 8 Millionth Visitor On-track with Major Expansion
This increased to about 650,000 by the end of 2013. Midway through 2014, we received our 8 millionth visitor.
Luxury Retail Sector in Kuwait is Growing
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.
Projects Worth $130bn in Kuwait says Largest Contractor in Kuwait
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.
One of the Largest Asset Managers in MENA with $11.5bn (AUM) Discusses Strategy and Investments
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).
Kuwait: Economy to Grow 3-5% in 2015 says KAMCO
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.
One of the Largest Real Estate Projects in Egypt
Mohamed A. Abdulsalam, CEO of MENA Holding, talks about one of the largest real estate projects in Egypt.
MENA Holding: Ontrack with one of the Largest Real Estate Projects in Egypt
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.
QPIC Kuwait Increased Net Profit by 67% in Q1-3 of FY2014/2015
Qurain Petrochemical Industries announces 67% net profit increase for first three quarters of FY2014/2015 Consolidated operational income up 491% in Q3
Kuwait Top Banks
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.
Kuwait’s banking system: Moody’s maintains a “stable” outlook on Kuwait’s banking
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.