Kuwait: Analysis of Financial Markets
In 2012, the Kuwait banks are cleaning up their balance sheets as a response to the consequences of the financial crisis of 2008/09 that is most likely going to continue throughout 2012.
imported 2024-03-17 17:43:07
In 2012, the Kuwait banks are cleaning up their balance sheets as a response to the consequences of the financial crisis of 2008/09 that is most likely going to continue throughout 2012.
It has become common knowledge that basic health-care is provided free to Kuwaiti citizens. With a total population of 3.5 million people, of which a third are Kuwaiti nationals, the oil-rich Dawlat al-Kuwait, the State of Kuwait, had so far few problems paying for doctor visits.
Although the well-capitalized Kuwaiti banking sector has digested the financial crisis by bringing down the share of non-performing loans (NPLs) and getting back to profits, the political ups and downs as well as the economic (oil) monoculture in the northern Gulf state prevent the sector from achieving its full potential.
Few listed stocks in the Gulf have performed since the start of 2012 as well as AREF Energy Holding. The Kuwaiti firm invests in the oil and gas industry only in line with Islamic law (Shari’ah). Marcopolis looks behind the scenes of this exceptional energy company.
Interview with Eduardo Eguren, Chief Executive Officer of Burgan Bank. Burgan Bank is optimistic about the outlook for the banking sector in Kuwait in 2012; there will be growth in the sector but only a moderate. Kuwaiti banks have been affected by the crisis and they are slowly getting back on the old tracks. An example of this could be Burgan Bank which reduced its cost of credit by 72% last year.
Marco Antonio Stefanini, CEO Global of Stefanini
Stefanini is a major IT player, offering consulting services, solution development and integration, Business Process Outsourcing, application and infrastructure outsourcing… Its CEO, Marco Antonio Stefanini, talks about the company’s vision.
The main economic challenge is the over-dependence on the oil and gas sector. The outlook for Kuwait’s economy remains clouded by insufficient diversification efforts, lack of infrastructure for the development and overdue implementation of the Kuwait Development Plan.
Joe Valle, Founder of Fazenda Malunga and Congressman
Brasília has many credit lines for agricultural production; it has a very good soil, logistics and warehouse facilities. There have been very attractive opportunities for the agricultural companies that have been settling down in the Federal District.
Pick up your friend on the way!
Medco has done it again and introduced yet another innovation throughout the Middle East.