imported 2024-03-17 17:43:07
Speaking at the 2017 Ghana Economic Forum on the theme “Building a Ghanaian Owned Economy, 60 years on, The Role of Insurance”, Lartey mentioned 10 critical things that insurance will do to improve economic development if proper attention is given to its essence in the economy.
According to the Equity Markets June 2017 Review by Kuwait Finance and Investment Company (KFIC), MSCI decided to include Saudi Arabia on its watch-list for potential addition to Emerging Market Index as The Kingdom showed significant willingness to improve stock market regulations and easing conditions for foreign investors. In the UAE, The Emirates NBD UAE Purchasing Managers’ Index (PMI), a key indicator of the health of the UAE’s non-oil private sector, fell to 54.3.
The 2017 Ghana Investment Summit is to take place in the end of August in Ghana’s capital of Accra, and its objectives are aligned with the President Akufo-Addo’s vision of making Ghana the most business-friendly and people-friendly economy in Africa.
Earlier in June, Nana Akufo-Addo announced that the mandate of his administration is to lay foundations to the most business-friendly and people-friendly economy in Africa, which will create jobs and prosperity for all Ghanaians.
According to the Equity Markets May 2017 Review by Kuwait Finance and Investment Company (KFIC), Saudi Arabia signed billions of dollars of deals with US companies during President Donald Trump’s visit to Riyadh. Estimates of the total deal value vary from USD300bn to USD400bn. Kuwait’s Deputy Prime Minister and Finance Minister Anas Al-Saleh has affirmed the importance of economic reforms made in Arab oil-exporting countries against the sharp drop in global oil prices.
According to the Equity Markets April 2017 Review by Kuwait Finance and Investment Company (KFIC), GCC equities, as indicated by the MSCI GCC IMI Index, fell by -1.2%. Abu Dhabi’s ADX General Index was the top performing regional index and Qatar’s QE Index was the worst performing.
“At this point the lowering of the oil prices and the deficit that we are going through has had a marginal effect on the real estate sector. As we all know, the real estate sector here in Kuwait has been the backbone for the non-oil revenue here in the country. I have personally been seeing a good demand over the past two years in the commercial properties throughout Kuwait,” says Mohammed Al Matook, Acting GM of Al Hamra Real Estate Company.
“At the beginning of 2016, the management predicted that it would be a tough year. We knew it would be very difficult for us to achieve our targets. Our budget would have to be conservative. We have been watching the figures every month and every quarter, as well as the developments in the sector. 2016 was a very good year for us,” says Elham Mahfouz, CEO of Commercial Bank of Kuwait (CBK).
“The economy here is highly dependent on oil, oil production, and oil prices, and it has a high correlation with the energy markets. We expect the Kuwait economy to grow between 2.5 to 3 percent, this year. But, it must be examined in the overall international context. The world economy is expected to grow at around 3 to 4 percent,” says Faisal Hasan, Chief Business Development Officer and Head of Investment Research Department at KAMCO.
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.
