Kuwait: Capital Markets Outlook 2012
Sadoun A. Ali, Chief Executive of KAMCO, a leading asset manager and investment banking company sees capital markets in Kuwait to remain stable in 2012.
imported 2024-03-17 17:43:07
Sadoun A. Ali, Chief Executive of KAMCO, a leading asset manager and investment banking company sees capital markets in Kuwait to remain stable in 2012.
Recent feature of Kuwait Financial Markets is the adoption of Capital Markets Authority. According to KAMCO research “the Capital Market Authority in Kuwait created through a bill approved by the Kuwaiti parliament in February 2010 is on the right track but will require time to implement the laws and regulations that aim at regulating securities activities in a fair, competitive and transparent manner, protecting investors and implementing a policy of full disclosure so as to promote justice and transparency and to prevent conflicts of interest and the exploitation of insider information. The CMA Kuwait will bring more transparency and oversight to Kuwait Stock Exchange that in turn will boost confidence among foreign and institutional investors.”
Often the companies listed on the KSE have are implicated in a convoluted, opaque ownership schemes and many argue that there has been many cases of insider trading. Due to the size, Sadoun A. Ali, Chief Executive of KAMCO, a leading asset manager and investment banking company dismisses that widespread insider trading practices exist but admits that there are speculators in the market acting and trading upon rumors.
Walid Al-Hashash exposes the investment strategy of one of the leading energy holding company in Kuwait. AREF energy is investing in niche oil & gas services sector technologies and companies, predominately in the MENA region.
Louis Bazire, President of the French-Brazilian Chamber of Commerce
The French-Brazilian Chamber of Commerce has 800 members in Brazil. The Chamber was founded in Rio de Janeiro in 1901 and has more than 100 years of age. This proves that Brazil has been open to the foreign investment.
The main economic challenge is the over-dependence on the oil and gas sector. The outlook for Kuwait’s economy remains clouded by insufficient diversification efforts, lack of infrastructure for the development and overdue implementation of the Kuwait Development Plan.
Joe Valle, Founder of Fazenda Malunga and Congressman
Brasília has many credit lines for agricultural production; it has a very good soil, logistics and warehouse facilities. There have been very attractive opportunities for the agricultural companies that have been settling down in the Federal District.
Pick up your friend on the way!
Luiz Fernando Figueiredo, Founding Member of Mauá Sekular Investimentos
Brazil has a great amount of funds for the capital market, considering the size of the country. Most of the citizen’s savings are in the country, not abroad. Also, the capital market has improved quite a lot, because the whole legal framework has improved in the last ten years.
Interview with Hassan Bayerli, General Manager of Sahara Kuwait Resort. On December 14th, 2011, we had the honour of welcoming one of the top 5 golf players in the world, Mr. Colin Montgomerie, who used our golf course during a mini-tournament that we hosted.