Kuwait Times: Oxford Business Group launches publication on country’s economy
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Abdullah Muhammed Al Duaijani, Deputy Chairman and General Manager, Kuwait Aviation Fuelling Company (KAFCO)
On sector growth, operational efficiencies and domestic talent In what ways is KAFCO deploying its capital investments to keep pace with the growth of the Kuwaiti aviation industry? ABDULLAH MUHAMMED AL DUAIJANI: Growth of the aviation sector has been on the rise in the Middle East, including Kuwait, which is adding significant new infrastructure capacity to support the expansion of local and international…
Kuwait steps up the fight against cybercrimeOBGplus
Kuwait is stepping up efforts to strengthen its cybersecurity credentials, amid ongoing threats to its digital services. Two Kuwaiti companies were the targets of recent hacking attempts, according to a report published in late September by Unit 42, a division of US cybersecurity firm Palo Alto Networks. The report stated that throughout May and June this year, hackers attacked a shipping and transportation…
The New Kuwait Summit
Built around a world-class conference program led by government and industry leaders, the New Kuwait Summit is organised to allow international and domestic companies to network, engage and create partnerships, all while helping to move Kuwait forward in realising its full potential. The event will provide Kuwait with a global platform to attract insightful debate and information sharing around the…
The Report: Kuwait 2019OBGplus
The New Kuwait 2035 vision aims to deploy the nation’s oil wealth to diversify the economy. The private sector is vital to this, with partnerships and privatisation, improvements to the business environment, and efforts to attract foreign direct investment (FDI) and harness knowledge from abroad all being key moves. Kuwait seeks to attract $200bn in FDI during 2020-35 to become a global centre f
Kuwait upgraded to emerging market status, spurring interest in its capital marketsOBGplus
The reforms that have been carried out by the authorities to develop Kuwait’s market have been recognised by the international investor community via inclusions in influential emerging market indices. This should be of considerable benefit to the market, encouraging professionalisation and driving performance. New Ranks In the second half of 2018 Kuwait was included in the FTSE Emerging…
Strengthening Kuwait’s capital markets presence in regional banking and investmentOBGplus
Two major transactions were under way in Kuwait’s financial sector in mid-2019. First, KAMCO Investment Company, the investment banking subsidiary of Kuwaiti conglomerate KIPCO, was merging with Global Investment House (GIH), another local investment firm. Second, Kuwait Finance House (KFH), the country’s largest Islamic bank, was looking to purchase Ahli United Bank (AUB) of Bahrain for…
Privatisation part of Kuwait’s plan to create new economic model with reduced reliance on oil and gas revenueOBGplus
February 2019 saw the government complete its selloff of a 44% stake in Boursa Kuwait, the country’s stock exchange, which is due to be followed by an initial public offering of a further 50% in late 2019. The sale followed a year of promising performance for the exchange, in addition to the June 2018 announcement that the bourse will soon be included in the main emerging markets index of…
