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.
Egyptian Tourism Authority Has New Products for Tourists Visiting Egypt: Safari, Spa and Golf
We need to increase the numbers by 15 to 20% every year to reach the target we have set ourselves, of $20 billion. We plan to have strong advertising campaigns all the way through to 2020. We will try to attract new segments of tourists to visit Egypt by offering safaris, spas, golf and MICE.
The Largest Grain Hub in the Middle East Will Be in Egypt – the Minister of Supply Hanafy
We have a mega project: the Damietta project, a grain logistics hub. It is related to the poor Egyptian who buys a loaf of bread from a village in Delta or Upper Egypt. In order to guarantee the stability of what we are doing, we have to invest for the future.
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Grain Storage and Food Safety in Egypt: Blumberg Grain
Egypt is the world’s largest importer of wheat, at around 10 million tons per year. Unfortunately, due to the lack of sufficient or proper storage conservative numbers by the government estimate around 30% of crops are wasted. Blumberg Grain has a solution.
Malaysia’s Tourism Growing at 10% Says a Leading Business Hotel in Kuala Lumpur – DoubleTree by Hilton
Malaysia is a very important hub in Asia Pacific. We do a lot of regional conferences and so we have business coming from Singapore and from the major countries within Asia Pacific. We do get quite a lot of business out of China, Australia, Indonesia and Thailand. There is also a lot of international travel and I think that is where Malaysia has been very successful in putting itself on the map for business meetings, events and MICE tourism.
“Beit Binzagr”: Evolution of Family Business in Saudi Arabia
The term we use is “Beit Binzagr” as opposed to Binzagr Group. “Beit Binzagr” is a house, in Jeddah that means a trading house. A number of other merchant families would also refer to themselves as “Beits”.
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Aerospace Industry in Asia: Malaysia to Become Hub for Aerospace OEMs in South East Asia
Asia Aerospace City (AAC) aims to make Malaysia the hub for Aerospace OEMs in South East Asia and beyond. It leverages on various engagement strategies with the Aerospace OEMs across the globe. MARA initiated this idea more than a year ago. MARA is a strategic government organisation that champions capability building for the nation through its activities in education, entrepreneur development and investments. MARA produces approx.30% of the overall Malaysian human capital. There is an expanding need for a more diversified supply chain, sustainable human capital and business growth opportunity in Asia by the OEMs.
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SEDCO: Increasing Investments in Saudi Arabia
The challenge at FDI, is how to bring foreign direct investments into a country with a troubled neighborhood. But as one of the emerging market powers, the public equity is going to be opened in Saudi Arabia in the middle of this year.
University of Business and Technology: Saudi Spending $57.9bn on Education in 2015
Education has been the governmental priority for some time now, since the days of the late King Abdullah. A lot of resources have been invested in education. I believe this is the right way for the country to develop. The most important thing in the sector is the type of education the country needs. We certainly need more practical and applied education, rather than theoretical education. Now, we need industries, we need doctors and engineers. We need applied, practical and scientific education.