imported 2024-03-17 17:43:07
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.
Mohamed A. Abdulsalam, CEO of MENA Holding, talks about one of the largest real estate projects in Egypt.
MENA Holding was established in 1991. Currently, it has a capital of 66 million Kuwaiti Dinar. We have a diverse portfolio, which includes real estate development, contracting, family entertainment, industrial sector, logistics, agriculture and fisheries. Recently, we expanded into the area of food and beverage sector.
Qurain Petrochemical Industries announces 67% net profit increase for first three quarters of FY2014/2015 Consolidated operational income up 491% in Q3
Mohammed Alshaya is Executive Chairman of the Alshaya Group of Companies, a family trading business which was founded in 1890 in Kuwait.
Marcopolis.net has been ranking the top banks in Kuwait since 2010, regularly updating the list according to the latest available Kuwait’s banking sector data. Which bank is Kuwait’s biggest Bank? Which one is the best bank in Kuwait? The following list ranks Kuwait’s top banks by assets. Traditionally, the largest bank in Kuwait is NBK, followed by Gulf Bank and Al Ahli Bank of Kuwait. View our latest ranking of banks in Kuwait.
Moody’s Investors Service issued a report on Kuwait’s banking system in which it indicated that the outlook on the sector remains “stable”, unchanged since 2011.
Listed as the third largest computer market within the Gulf region, Kuwait is expected to have favorable IT conditions this year. According to the Business Monitor “the country is projected to spend over $900 million in 2012 within the IT sector alone, which is a 9% increase from previous years. Due to high oil revenue, Kuwait is one of the most advanced IT states in the region.”
Established in 1960, Gulf Bank is today the second largest commercial bank in Kuwait. Gulf Bank’s ambition is to become a dominant player in the local Kuwaiti retail and commercial banking space. Gulf Bank holds 11% or 12% market share at the moment.
The story of Gulf Bank can be classified as the “rags-to-riches-to-rags-and-back-to-riches-again” story. Why? Read about the inspiring success story of Gulf Bank.
