imported 2024-03-17 17:43:07
The famous “Lost City” of Petra, remembered in poetry as “a rose-red city half as old as time,” and unforgettably featured in a host of films, novels, and video games, is one of the “Seven Wonders of the World”
Interview with Suliman N. Al Qimlas, CEO Bayt Al Mal Investment. I believe 2010 will be a tough year globally and we will feel the pain from 2009. Kuwait and the Gulf economies are based on oil and if oil prices stay where they are (around $80 dollars per barrel) we will be in good shape that also means a good future for Islamic Investments in the Gulf. The next question is what will the government do with this money? We recently witnessed our economy shrink and 2010 is up to the moves made by the government and how they spend their money. If they circulate the money effectively we can expect some nice growth that will benefit Islamic Investments in the Gulf.
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.
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.
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.
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 Abdul Aziz Al-Mazooq. Muthanna Investment Company business model is based on a pure Islamic investment banking model focusing on Islamic investment banking activities including transaction advisory services, private equity transactions, real estate investments, and asset management activities like brokerage, equity research, and management of discretionary accounts. It is a basic model Islamic investment banking model, the only thing that keeps Muthanna Investment Company going is focusing on several dimensions at once.
Interview with Mazen Madooh, General Manager of National Offset Company. National Offset Company is looking for serious investors that will be forthcoming with ideas or concept papers to establish successful offset ventures benefiting the contracted government body (like Ministry of Defence or Ministry or Electricity & Water), which we classify as direct offset, or partner with Kuwait Investment Partner be it Kuwait private sector partner or civil entities in an indirect offset project. Both must ultimately achieve the Kuwait offset Program Goals, stated earlier (transfer of technology, job creation, and training opportunities for Kuwaitis).
Mrs. Maha Al Ghunaim, Chairperson and Managing Director of Global Investment House. Our main challenge is to reposition the Global Investment House brand. The weak macroeconomic environment impacted Global Investment House operations negatively and in 2008 Global Investment House recorded our first loss in the company’s history. We are now working to deleverage the company, while maintaining our clients’ trust. Global Investment House has revised its strategy to focus on our asset management, investment banking and brokerage activities and enhance our products and services.
General Manager – Near & Middle East of LegrandPeople are looking for more commerce, more comfort, more security, more energy saving, in India for instance we found out in a study that there are 300 million people able to buy Le Grand products. Imagine 300 million people out of 1.1 billion, this is huge for us and is a great opportunity for us.
