List of all articles filed under “kuwait-economy” category.
According to the Equity Markets Quarterly Review by Kuwait Finance and Investment Company (KFIC), GCC equities, as indicated by the MSCI GCC IMI index, fell by -1.3% QTD in Q1 2017. Bahrain’s BB All Share index was the top performing GCC index, followed by impressive quarterly performance from Kuwait’s Weighted Index.
“With the vision of His Highness the Emir, quite a long time ago Kuwait started to pay a lot of attention to the youth and tried to help them get on the path to be a positive power in society instead of a destructive power in society. Mainly through the Amiri Diwan, we started to be catalysts for many projects.”
“I have a friend who is a specialist in oil, he said to me “if you ask me tomorrow what would be the price of oil, I would not judge it”. In the past, if you remember, the oil prices in a week or even a month could go up or down by 50 cents or maximum by a US dollar, but now they can drop or rise by one US dollar or by three,” says Bader Al Humaidhi, Former Minister of Finance.
“Our strategy for 2017 and 2018 centers on the retail customer, the corporate customer, banks, our business with international institutions, our stakeholders and shareholders. They are all my customers. This is the number one priority for me, my staff, and the management.”
“We are undertaking the CFP Mina Al Ahmadi Package project valued at around 4 billion US dollars. We have a stake in this project, we were awarded the Package in April 2014 and this is our implication,” says Jad H. Mekkaoui, Business Development & Contracts Manager of Al-Kazemi Group.
“If you look at Kuwait and the market in general in the last 3 years you can distinguish three major projects that were tendered and awarded and that are in the execution phase,” explains Jad H. Mekkaoui, Business Development & Contracts Manager of Al-Kazemi Group.
The Kuwaiti government’s education budget had grown relentlessly in recent years, allocating almost 10% of its annual budget to Kuwait’s education sector in 2016, as the leadership has continued to emphasise the importance of education in creating sustainable employment for their citizens and equipping them with the skills to compete in the global marketplace.
So whilst the effects of declining oil revenues have been considerable, Kuwait, which boasts large fiscal reserves accumulated over the past few decades, has been able to stave off the precipitous corrections that have hit some other petro-states in recent years.
“We do business in over 100 countries, with a strong presence in emerging markets. We are growing by the day. In addition to being the largest logistics company in the Middle East and a heavy-weight in Asia; we are now in 20 countries in Africa.”
“Education at ACK aims to enhance the potential of employability of our graduates; be it self-employment or otherwise. We invite companies to review and comment on our curriculum, so as to tell us what they want in terms of attributes and values from our graduates.”
