Kuwait

imported 2024-03-17 17:43:07

Gulf Bank Kuwait New Strategy

Interview with Mr. Michel Accad, CEO of Gulf Bank
In December, Gulf Bank Kuwait had a meeting with the top fifty leaders at Gulf Bank and we decided on Gulf Bank’s strategic direction. Gulf Bank’s vision was to be a dominant player in the local, conventional banking market, focusing on retail and commercial banking.  At this stage, Gulf Bank is not particularly interested in Islamic finance, or direct investments, or brokerage.  The key thing that came up from that meeting was that for the next two years Gulf Bank will be in rebuilding mode and our strategy will revolve around four pillars.

Kuwait Leading Islamic Bank, Kuwait Finance House (KFH)

Interview with Mohammed Sulaiman Al-Omar, CEO of Kuwait Finance House (KFH). Kuwait Finance House is in green numbers and working within the markets.  If we as Kuwait Finance House look at Kuwait costs of funding, it came down from 6.5% to 3% which is almost 50% and if I was a bank and wanted to price my product I would need to look at the base rate, which has come down quite a huge percentage.  Thus, Kuwait Finance House is still in the green and are optimistic for the market in the banking sector.

Kuwait Investment, Global Investment House

Mrs. Maha Al Ghunaim, Chairperson and Managing Director of Global Investment House. Our main challenge is to reposition the Global Investment House brand. The weak macroeconomic environment impacted Global Investment House operations negatively and in 2008 Global Investment House recorded our first loss in the company’s history. We are now working to deleverage the company, while maintaining our clients’ trust.  Global Investment House has revised its strategy to focus on our asset management, investment banking and brokerage activities and enhance our products and services.

Mena Telecom Bahrain Telecom

Mena Telecom Bahrain Telecom, CEO of Mena Telecom, Dr. Laith Sadiq
Mena Telecom started around 2003 as a wholesaler. In 2006 Mena Telecom got the WiMAX license in Bahrain Telecom market and in 2008 Mena Telecom started the WiMAX service in November on Bahrain Telecom Market.

Lesley Sayle

Central Project Officer of Union PropertiesMotorcity is the first project of its kind in the world. It’s been operational for about three and a half years. It started with the Dubai Autodrome, which is the racetrack. It’s developed into a development that consists of five components. Dubai Autodrome is the first one that we launched, about three and a half years ago, and we’ve been hosting a number of races; there’s also the race school with a race track.

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