imported 2024-03-17 17:43:08
The 2017 Ghana Investment Summit is to take place in the end of August in Ghana’s capital of Accra, and its objectives are aligned with the President Akufo-Addo’s vision of making Ghana the most business-friendly and people-friendly economy in Africa.
In the first quarter of 2017, BML Istisharat, a globally recognized core banking and insurance software provider based in Lebanon, secured 5 new contracts.
Earlier in June, Nana Akufo-Addo announced that the mandate of his administration is to lay foundations to the most business-friendly and people-friendly economy in Africa, which will create jobs and prosperity for all Ghanaians.
According to the Equity Markets May 2017 Review by Kuwait Finance and Investment Company (KFIC), Saudi Arabia signed billions of dollars of deals with US companies during President Donald Trump’s visit to Riyadh. Estimates of the total deal value vary from USD300bn to USD400bn. Kuwait’s Deputy Prime Minister and Finance Minister Anas Al-Saleh has affirmed the importance of economic reforms made in Arab oil-exporting countries against the sharp drop in global oil prices.
According to the Equity Markets April 2017 Review by Kuwait Finance and Investment Company (KFIC), GCC equities, as indicated by the MSCI GCC IMI Index, fell by -1.2%. Abu Dhabi’s ADX General Index was the top performing regional index and Qatar’s QE Index was the worst performing.
“The Kuwaiti culture has had entrepreneurs for hundreds of years. My grandfather, great grandfather, and father were all entrepreneurs,” says Mohammed Jaffar, Deputy Chairman & CEO of Faith Capital Holding, Board Member in Kuwait London Company.
“At this point the lowering of the oil prices and the deficit that we are going through has had a marginal effect on the real estate sector. As we all know, the real estate sector here in Kuwait has been the backbone for the non-oil revenue here in the country. I have personally been seeing a good demand over the past two years in the commercial properties throughout Kuwait,” says Mohammed Al Matook, Acting GM of Al Hamra Real Estate Company.
“Our strength is in food manufacturing and distribution. We are very focused on our own brands and on our third-party partners. That business continued to perform extremely well for us. In a scenario where most of our competitors were in decline, we continued to grow,” says Garry Walsh, CEO of Mezzan Holding.
“Over the last ten years, there has been a big drive in Kuwait to consume food out of home. People have moved from the traditional nuclear family, or the Kuwaiti version, and eating in the house to eating out of the home. That has actually changed in the last year,” says Garry Walsh, CEO of Mezzan Holding.
“KAPICO Group is a holding family group between two families. The Al-Ghannam family started with my father along with his two brothers, Ahmed and Yusuf. In 1950, they bought a small shop for used spare parts,” says Ahmed A. Al-Ghannam, Chairman of KAPICO Group Holding.
