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The strategy is to focus on KAMCO’s core business lines such as asset management and investment banking and at the same time capitalize on the rising growth opportunities in the GCC and China. Sadoun A. Ali, Chief Executive Officer of KAMCO, admits that “those 2 areas (China and the GCC) show healthy growth and KAMCO is looking for ways and products to tap into those markets.”
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.”
During the past 50 years Kuwait Fund has established a legacy of 788 loans in support of development and sustainable projects worth USD 15.094 billion. Kuwait Fund is making a difference in more than 104 countries around the world. Al-Bader comments on the 50th anniversary of Kuwait Fund.
One of the main economic concerns for Kuwait is the public spending on salaries and wages. Kuwait has the highest public salaries and wages in the GCC, after they were subject to numerous increases in the aftermath of the global financial crisis of 2008.
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.
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The fourth Arab Youth Media Forum ended yesterday, 29.2.2012.
LiveWright is a failry new organization which aims to improve the sports in Brazil and make Brazil once again an Olympic winner in various sports such as gymnastics or track cycling.
Luciano Santos Tavares de Almeida, President of Investe Sao Paulo (Agencia Paulista de Promoção de Investimentos e Competitividade)
Investe Sao Paulo is a relatively young agency established in the state of Sao Paulo – the most productive region of Brazil – to attract new investments and help the foreign companies who wish to make investments in Sao Paulo.
