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Interview

Sheikh Meshaal Jaber Al Sabah, Director-General, Kuwait Direct Investment Promotion Authority (KDIPA): Interview
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Interview: Sheikh Meshaal Jaber Al Sabah To what extent is foreign direct investment being attracted in line with the New Kuwait 2035 vision? SHEIKH MESHAAL JABER AL SABAH: Kuwait has always been an open market, forging strong economic and commercial relationships to integrate it in the global market, as reflected in Law No. 116 of 2013 for the promotion of direct investment into Kuwait. In full…
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Meshal Alothman, Director-General, Public Institution for Social Security (PIFSS): Interview
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Interview: Meshal Alothman What role has technology played in improving the social security system, increasing penetration and enhancing the delivery of services? MESHAL ALOTHMAN: PIFSS was a pioneer in the Arab world in computerising its systems and processes. We started by working on a system that archived all documents, which could then be easily retrieved from any PC, ensuring seamless transactions…
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Mohammad Y Al Hashel, Governor, Central Bank of Kuwait: Interview
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Interview:Mohammad Y Al Hashel What challenges does the sector face as it works to implement Basel III requirements and International Financial Reporting Standards (IFRS) 9? MOHAMMAD Y AL HASHEL: The Central Bank of Kuwait (CBK) has already implemented the key elements of the Basel III reforms and our banking system is well above each benchmark set under the framework. For example, the capital-adequacy…
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Mazin Al Nahedh, CEO, Kuwait Finance House (KFH): Interview
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Interview:Mazin Al Nahedh What challenges do banks face in leveraging and developing new Islamic instruments? MAZIN AL NAHEDH: Acceptability of new product documentation among banks is one of the key challenges faced by Islamic banks. Each bank prepares documentation for a new product in accordance with the acceptability of its sharia board. However, this approach has resulted in different…
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Raed Jawad Bukhamseen, Vice-Chairman and CEO, Kuwait International Bank: Interview
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Interview:Raed Jawad Bukhamseen How would you assess the growth potential for Islamic banking in Kuwait, and what are the main factors driving demand for Islamic institutions? RAED JAWAD BUKHAMSEEN: The Islamic finance industry is expected to continue growing, albeit slowly. For instance, in 2017 the industry grew by 5%, whereas in 2016 it grew by about 2%. Nevertheless, Islamic banking is…
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Saud Al Naki, Vice-Chairman, Public Authority for Roads and Transportation (PART): Interview
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Interview:Saud Al Naki What long-term role can a railway system play in the development of Kuwait’s land transport network? SAUD AL NAKI: A significantly delayed project is the construction of a railway network to connect Kuwait to its GCC neighbours via Saudi Arabia. Plans have been under way for years. The project will require a number of feasibility studies, the qualification of contractors…
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Kamil Al Awadhi, CEO, Kuwait Airways: Interview
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Interview:Kamil Al Awadhi What priority routes are being considered as part of the airline’s ongoing expansion, and what is the rationale behind this expanding network? KAMIL AL AWADHI: Our transformation has been centred on increasing the size of our fleet in a very short period and phasing out all our old and leased aircraft. This has led to us having one of the youngest fleets in the region,…
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Hashem Hashem, Deputy Chairman and CEO, Kuwait Petroleum Corporation (KPC): Interview
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Interview:Hashem Hashem To what extent are operational efficiencies being strengthened across KPC subsidiaries to improve productivity and optimise costs? HASHEM HASHEM: The historical volatility of oil prices will not change, and it is very likely that technology and the energy transition will continue to have a major impact on the industry. In that context, we must be prepared for price troughs.…
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Emad Sultan, CEO, Kuwait Oil Company (KOC): Interview
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Interview:Emad Sultan How is Kuwait pursuing its energy security goals, and will expansion of gas production play a role? EMAD SULTAN: The expansion of non-associated gas production, development of heavy oil production and commissioning of the new Al Zour refinery are key to fulfilling increasing energy needs in Kuwait. Regarding non-associated gas production, KOC recently increased its total…
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Salim Al Ozainah, Chairman and CEO, Communication and Information Technology Regulatory Authority (CITRA): Interview
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Interview:Salim Al Ozainah How is the government encouraging Kuwait’s digital transformation, and what benefits can citizens expect to see from these efforts? SALIM AL OZAINAH: The overarching aims of the New Kuwait 2035 vision is to transform the country into an international commercial and trade hub, and help meet the goal of sustainable development with digital transformation at the heart…