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
Mohammed Alshaya
Mohammed Alshaya is Executive Chairman of the Alshaya Group of Companies, a family trading business which was founded in 1890 in Kuwait.
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.
Kuwait IT Companies | List of Top IT Companies in Kuwait
Listed as the third largest computer market within the Gulf region, Kuwait is expected to have favorable IT conditions this year. According to the Business Monitor “the country is projected to spend over $900 million in 2012 within the IT sector alone, which is a 9% increase from previous years. Due to high oil revenue, Kuwait is one of the most advanced IT states in the region.”
Gulf Bank: Best and Fastest Service in Kuwait
Established in 1960, Gulf Bank is today the second largest commercial bank in Kuwait. Gulf Bank’s ambition is to become a dominant player in the local Kuwaiti retail and commercial banking space. Gulf Bank holds 11% or 12% market share at the moment.
Gulf Bank: Strategy to Become the Best Bank in Kuwait
The story of Gulf Bank can be classified as the “rags-to-riches-to-rags-and-back-to-riches-again” story. Why? Read about the inspiring success story of Gulf Bank.
Michel Accad – Biography
Michel Accad: Biography
As of 2014, Michel Accad acts as the Chief General Manager & CEO of Al Ahli Bank of Kuwait.
Michel Accad is a former Chief Executive Officer & Chief General Manager of Gulf Bank.
Prior to joining Gulf Bank, from 2006 to 2009, Michel was the Assistant CEO of Arab Bank PLC, with direct responsibility over all banking businesses globally, and served on the Group’s various Boards.
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Videos: Lending Opportunities for Kuwait’s Banking SectorKuwait: Banking Sector in 2012-2013Competition in Kuwait’s Banking Sector Corporate Banking in Kuwait Differentiation of Gulf Bank in Kuwait Gulf Bank’s GovernanceGulf Bank’s Performance in 2012Gulf Bank’s StrategyRetail Banking in KuwaitProject Finance and Kuwait’s Development Plan
Before moving to Arab Bank, Michel Accad had spent 27 years with Citigroup, which he joined in 1979. His last position with Citigroup, from 2002 to 2006, was as MD and Division Executive for the Middle East and North Africa region.
Michel Accad has an MBA Honors from the University of Texas in Austin, obtained in 1978.
Fawzy Al-Thunayan – Biography
Fawzy Al-Thunayan: Biography
Fawzy Al-Thunayan is General Manager for Board Affairs at Gulf Bank.
Prior to joining Gulf Bank as General Manager for Board Affairs in 2006, Fawzy spent 16 years with the Central Bank of Kuwait as Manager of the Foreign Operations Department, where he was responsible for the management of the Central Bank foreign currency reserves, treasury operations, the execution of monetary policy and fixing the Kuwaiti Dinar exchange rate, among other activities.
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Videos: Lending Opportunities for Kuwait’s Banking SectorKuwait: Banking Sector in 2012-2013Competition in Kuwait’s Banking Sector Corporate Banking in Kuwait Differentiation of Gulf Bank in Kuwait Gulf Bank’s GovernanceGulf Bank’s Performance in 2012Gulf Bank’s StrategyRetail Banking in KuwaitProject Finance and Kuwait’s Development Plan
Before joining the Central Bank, he was the Deputy General Manager at the Arab Company for Trading Securities (ACTS) for 5 years, and spent a further 3 years at International Financial Advisors (IFA), a Kuwaiti investment company.
Fawzy has a BA in Business Management from the Catholic University of America.
Carlos Ribeiro – Biography
Carlos Ribeiro: Biography
Carlos Ribeiro is Chief Financial Officer and General Manager, Finance & Support at Gulf Bank. Prior to joining Gulf Bank in October 2009, Carlos served as CEO and Regional Vice President of Europe for GMAC Financial Services from 2005 to 2009 and was accountable for business with assets totaling USD22 billion and headed a team spread across 18 European countries.
He brings with him more than 25 years business and financial experience, having spent a major part of his career at GMAC and General Motors and prior to that, at Philip Morris, where he led the treasury and tax teams in Brazil in his last position with the company.
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Company Profile
Videos: Lending Opportunities for Kuwait’s Banking SectorKuwait: Banking Sector in 2012-2013Competition in Kuwait’s Banking Sector Corporate Banking in Kuwait Differentiation of Gulf Bank in Kuwait Gulf Bank’s GovernanceGulf Bank’s Performance in 2012Gulf Bank’s StrategyRetail Banking in KuwaitProject Finance and Kuwait’s Development Plan
Carlos is a CPA and Accounting graduate from the University of Ipiranga in Sao Paulo, Brazil. He has also completed an Advanced Management Program in Finance from the Wharton School at the University of Pennsylvania and an Advanced Management Program in Business from The Darden School at the University of Virginia.