Kuwait - MarcoPolis

In addition to that there are 13 private hospitals with the capacity of 964 beds (6 of which contain over 100 beds, and 7 of which contain less than 100 beds). Kuwait has only 19 beds per 10000 people compared to 39 in the UK. in March 2011, the government officially launched the Kuwait Health Assurance Company (KHAC). View the largest hospitals in Kuwait.

The public sector is the largest provider of Healthcare in Kuwait and constitutes around 90% of the market in number of beds and services. The trend to shift the services from the public sector to the private, in the areas where the pubic is not efficient enough (plastic surgery).

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Universities in Kuwait | Top Public and Private Universities

February 10, 2012

Top Universities in Kuwait are Kuwait University and some private universities. One of the major challenge for the education sector in Kuwait is demographics. Economist Intelligence Unit (EIU) estimates the 1.1 mn strong Kuwaiti population to grow at an average 3% over the next 3 years. Meaning that for the foreseeable future, there will be large numbers of young people coming into an educational system that has not yet been geared up to prepare sufficiently for that increase in student population.

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Top Islamic Investment Companies in Kuwait | 5 Most Important Companies

February 10, 2012

According to Capital Standards, “There are a total of 100 investment companies operating in Kuwait with 54 operating within the confines of the Islamic Sharia provisions and the rest operating as conventional investment companies.” Some of these companies are listed as well under asset management comapnies, investment banks and investment holding companies. Here is the structure of Kuwait Banking system.
The sector has been hit hard by the financial crisis and non-internventionist policy by the government. The investment companies face many challenges. The sector will continue to restructure the depts and deleverage. For the complete list of investment companies click here. Many Islamic investment companies are subsidiaries of or large groups and banks in Kuwait.

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Top Investment Banks in Kuwait | Largest Investment Banks in Kuwait

February 10, 2012

View the list of top investment banks in Kuwait. According to Capital Standards, “There are a total of 100 investment companies operating in Kuwait with 54 operating within the confines of the Islamic Sharia provisions and the rest operating as conventional investment companies.” The Central Bank of Kuwait does issue investment companies licences. View the list of some of the major investment companies (that offer investment banking services). According to Central Bank of Kuwait the total assets of the conventional investment companies stood at USD 24 billion and Islamic investment companies at USD 19.8 billion in 2011. To view the list of investment companies click here.

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Top Asset Management Companies in Kuwait | Largest Asset Managers in Kuwait

February 10, 2012

Top Asset Management Companies in Kuwait are Kamco, Markaz and others. According to Capital Standards, “There are a total of 100 investment companies operating in Kuwait with 54 operating within the confines of the Islamic Sharia provisions and the rest operating as conventional investment companies.” Some of these companies offer asset management services. “The GCC Asset Management Industry, with roughly 100 asset management companies, manages approximately USD 29bn in assets in about 325 funds as of 31st March 2011. Geographically, Saudi Arabia country funds account for 62% of the total, followed by Kuwait country funds with 19% share” says Markaz in its latest GCC asset management report.

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Foreign Banks in Kuwait | 10 Most Important Foreign Banks in Kuwait

February 9, 2012

Top Foreign Banks in Kuwait are HSBC and others. Kuwaiti banks face less competition from the foreign banks due to the protective nature of the regulator. This situation is unlikely to change in the future. Well established large Kuwaiti banks should continue to dominante the sector. For more information visit structure of Kuwait Banking system.

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Islamic Banks in Kuwait | Kuwait’s Largest 5 Islamic Banks

February 9, 2012

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.

Kuwait Executive Biographies Kuwait Leaders

Walid Al-Hashash – Biography

January 11, 2012

Walid Al-Hashash: Biography
Waleed Al Hashash is chairman of the board of Kuwait’s AREF Energy Holding Company. Born in Kuwait, he received his undergraduate education at Farleigh Dickenson University, New Jersey, USA, graduating in 1985 with a bachelor of science in industrial engineering. From 1985 to 1990, he served as an electrical engineer designing electrical and telecommunications work for projects owned by Kuwait Municipality, while also pursuing graduate studies. In 1990, he received a masters of science in industrial engineering from the University of Miami in Florida.
From 1990 to 2007, Hashash worked at Kuwait Petroleum Corporation (KPC) in the commercial oil trade, most recently as deputy managing director of marketing. In that role Hashash was responsible for crude oil sales, managing regional offices in the US and Japan, and holding a portfolio of approximjately US $2.7 billion. Hashash was also in charge of jet fuel, bunker and diesel sales, and IT services, with three regional offices in Singapore, India, and Pakistan, and a portfolio of US $12 billion per year.

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Videos: Kuwait Oil and Gas Production: 2020 Vision to Produce 4 million Barrels of Oil Kuwait: How to Enter Oil and Gas Sector Future Investments into Kuwait’s Oil and Gas Sector to Remain Uncertain Renewable Energy in Kuwait: Development of Renewables Oil Prices in 2012 to Remain Stable AREF Energy Investment Strategy

Established in 2007 as a subsidiary of AREF Investment Group, the AREF Group is a stable, long-term investor and one of the leading investment institutions in the region with a vision to become a conglomerate managing financially integrated companies. AREF Energy Holding Company was spun off as a subsidiary in 2007 to become the leading investment holding company specifically in the field of energy.
AREF Energy has been described as local, boutique, Shariah-compliant, energy investment house that has consolidated itself as an ideal local partner for foreign oil and gas services companies wishing to enter Kuwait and the Gulf region. AREF Energy seeks to develop strong partnerships with international mid-sized operational companies interested in joint ventures with an accountable Kuwaiti partner.
According to AREF Energy’s CEO, Waleed Al Hashash, “We are trying to represent Kuwait in seeking good opportunities, aligning ourselves with trustworthy partners and keeping our conduct of business ethical.”
Presently, AREF Energy is increasing its shares in energy services companies servicing both the upstream and downstream of energy extraction industries, including oil and gas and electricity as well as environmental sectors. AREF Energy is also expanding its holdings throughout the entire MENA region, as well as India and the U.S. According to Al Hashash, the company went from zero contracts in 2007 to USD $35 million in early 2011, and to more than USD $60 million by the beginning of 2012, spread across nine major investments.
AREF Energy’s investment policy is founded on a strong commitment to stimulate the transfer of technologies and knowledge into the region. “If we invest outside of the region our aim is to bring the transfer of technologies and knowledge to the area,” says Al-Hashash.
Al Hashash is also vice chairman and CEO of Rubban Logistics Holding Company of Kuwait, which is also a subsidiary of AREF Investments Group. He also serves as a member of the boards of MEGlobal, the Nile River Transport Company and Higleig Contracting, both of Sudan; and is chairman of Gulf Africa Holding (GAH) in Kuwait.