imported 2024-03-17 17:43:07
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.
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.
Kuwait Finance and Investment Company (KFIC), a well-established asset manager in Kuwait, announced its recognition for Bhavani Joshi for attaining the Certified Internal Auditor (CIA) certification from The Global Institute of Internal Auditors.
“In our sector, the investment sector, and through being a specialized, client-driven, asset management investment bank, our focus is on building and continuing to maintain our strong leadership position,” says Faisal Sarkhou, Chief Executive Officer of KAMCO.
“It is amazing when you go to an area and you build a dam, even if it is a small dam, the area will change because some dams according to the design will not only provide water for irrigation and drinking water but will provide electricity to the country,” says Abdulwahab Al-Bader, Director General of Kuwait Fund for Arab Economic Development.
“55 years is a long time. So if you look at it from the beginning, we started with Arab countries and then moved on to non-Arab countries in Africa and Asia. You know what happened with the Arab Spring in different countries such as Syria, amongst others, where Kuwait Fund started with developmental aid, particularly in terms of building physical projects to enhance the economies of countries that we support,” says Abdulwahab Al-Bader, Director General of Kuwait Fund for Arab Economic Development.
Kuwait Finance and Investment Company (KFIC) announced its that its financing services sector (Tamwilia) signed an agreement of cooperation with Midas furniture for the needs of Midas’ clients for home furniture.
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.
Kuwait Finance and Investment Company (KFIC) notably attained a 211 thousand KD net profit in the 2016 financial year.
