Interviews

imported 2024-03-17 17:43:07

Islamic Investments in the Gulf

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.

Gulf Real Estate: ALARGAN Real-Estate Company

Interview with Khaled Al Mashaan, Chairman and Managing Director of ALAGRAN International Real Estate Company. ALARGAN Real Estate have been very focused on middle income housing. I would say more than 80% of our investments cater to this segment of the market.  As the housing projects get larger we need to provide the infrastructure for these communities and the required supportive facilities.  We always strive to provide the best quality for the price and we are very much in touch with our clients.  We enhance our units on a monthly basis and this gives us a competitive edge due to our focus.

Kuwait Construction, Rawaf Bourisli

Interview with  Rawaf Bourisli, General Manager of Action Real Estate. On the strategic level Kuwait Dynamics is looking towards becoming an international construction company, not just Kuwait construction company, and in 2010, Kuwait Dynamics wants to move more into the international arena. As Kuwait Dynamics, we would like to expand within the GCC and further out into the Middle East and North Africa but we are still in the planning stages for our construction segment of the company.

Kuwait Investment Climate

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.

Al Ahli Bank of Kuwait | Exclusive Interview

Interview with Abdullah Al Sumait, Deputy CEO of Al Ahli Bank. In Kuwait most of the banks have made aggressive moves the past three to five years whereas other banks (non Kuwait) have been more cautious towards growth. Eventually big banks all around the world have been hit and Kuwait is not any different.  When this happened at the end of 2008 Kuwait government took good steps to protect banks and the financial sector and the central bank enacted some regulations to assure the banks in Kuwait, it would provide the needed liquidity.

Kuwait Oil Suppliers

Chairman and General Manager of Global International General Trading and Contracting, Kuwait emerging oil company, Hussain Abdulla Jowhar and Jose R. Erinjeri
Global International General Trading and Contracting started in 1993 with limited capital.  Through the combination of our experiences, we made a strategy of how to proceed and grow our business.  We grew slowly with the market to reach where we are today.  This is the seventeenth year of our company and in suppliable consumables for the oil sector we are a true leader.

Kuwait Asset Management

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.

Jazeera Airways, Kuwait Airlines

Interview with Stefan Pichler. We want to offer a low cost Kuwait airline and have the highest revenue possible.  Business class for Jazeera Airways is about nothing more than generating higher revenues and Jazeera Airways wants to target all segments in Kuwait and elsewhere.  Jazeera Airways would love to have business travelers travel on Jazeera Airways so that is why we would want to offer this.  Offering attractive fares for both business and economic class is our priority.

Kuwait Oil Developments

Chairman and Managing Director of Kuwait Oil Company, one of the largest companies in Kuwait oil sector responsible for Kuwait oil developments, explains the key Kuwait oil developments, challenges for Kuwait Oil Company, development of strategy of Kuwait Oil Company, development of future oil prices and reserves of oil in Kuwait.  

Kuwait Energy, Emerging Oil Company in Kuwait

Interview with Sara Akbar. Kuwait Energy is planning to go public this year.  Kuwait Energy has approval from the shareholders to do so and Kuwait Energy is on track to do so hopefully in the second quarter of this year. We would like long term investors who understand the business and perhaps more institutional investors. Kuwait Energy would like investors from the region but currently 30% of our investors are from the US and Europe and Kuwait Energy welcomes more investors from there to. This is a unique opportunity for any kind of investor to have access to a Middle Eastern indigenous company that operates in the region with future growth plans and targets in the region.

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