More Filters
There were 1164 results found for:

All Regions and All Sectors

Overview

Adel Abdul Wahab Al Majed, Chairman, Kuwait Banking Association; and Vice-Chairman and CEO, Boubyan Bank; Michel Accad, Group CEO, Al Ahli Bank of Kuwait; and Elham Y Mahfouz, CEO, Commercial Bank of Kuwait: Interview
OBG
plus

Interview:Adel Abdul Wahab Al Majed; Michel Accad; Elham Y Mahfouz In what ways do you expect lending to grow, and what impact will regional developments have? ELHAM Y MAHFOUZ: The upgrade of Boursa Kuwait has generated large money inflows and we have also seen local banks going out for borrowing by issuing bonds, all of which have been well received by the market. Kuwait is a politically neutral…

Overview

Prudent regulation and years of provisioning at Kuwaiti banks result in solid metrics and promising financial performance
OBG
plus

The performance of the banking sector has rebounded since the 2007-08 global financial crisis. Banks’ balance sheets show that net profit, assets, loans and deposits are all growing strongly, financial metrics look robust, and various industry assessments show that the industry is well capitalised. “It has been several years of effort and costs for banks following the implementation of…

Overview

Kuwait’s sharia-compliant segment gets a boost from targeted legislation and issuances
OBG
plus

Kuwait’s Islamic financial services (IFS) sector is well established, with a long history in both Islamic banking and takaful, or Islamic insurance. The segment has expanded in recent years, building upon the country’s reputation as an emerging centre for sharia-compliant banking, insurance and investment products. The government has enacted a series of laws and regulations aimed at further…

Overview

Insurance technology taps premium growth potential in emerging markets
OBG
plus

Two of the biggest trends in global insurance in recent years are premium growth in emerging markets and the rising importance of technology across the supply chain. The latter has come to be referred to as insurtech, a potentially disruptive trend that heralds both threats to and opportunities for incumbents and newcomers alike. While technological solutions are being applied along the insurance…

Overview

Kuwait’s insurance industry charts a more sustainable path
OBG
plus

Kuwait’s insurance sector has expanded rapidly in recent years, with numerous new entrants competing and driving down premium. This has led to concerns that companies are booking high profits at the risk of not keeping enough in reserve to meet future payouts on policies. To counter these worries, a new law was passed in July 2019 which is likely to have a profound impact on the sector and…

Overview

Large-scale infrastructure projects in the pipeline as Kuwait targets becoming regional transportation centre
OBG
plus

Kuwait is undergoing a major revamp of its transport and logistics networks, which are set to transform local and international connectivity in the lead-up to 2020. New roads, railways, airports and ports are either already being built or are in the pipeline, as part of the ambitious aim to re-establish Kuwait’s historical role as a regional centre for the sector. The country is keen to attract…

Overview

Heavy investment in Kuwait’s energy industry to move away from crude oil exports
OBG
plus

With the sixth-largest proven oil reserves in the world, and an industry that dates back to the early days of oil and gas dominance in energy, Kuwait is among the world’s principal hydrocarbons powers. The Gulf country is also one of the top energy sector investors, with a range of mega-projects under way in refining, petrochemicals, new oilfield development and mature oilfield recovery. Supporting…

Overview

As costs decline, renewable sources are seeing an inexorable rise, particularly among developing economies
OBG
plus

Although the world remains largely dependent upon fossil fuels for power generation, a gradual transition towards renewable sources has been taking place since the 1990s, underpinned by multilateral deals such as the Kyoto Protocol, the Doha Amendment and, more recently, the Paris Agreement. Investment and development in renewable technologies has historically been led by developed countries,…

Overview

Long-term development plans and a rebounding economy in Kuwait drive major construction projects
OBG
plus

Major infrastructure works – from roads and schools to airports and hospitals – are either under way or in the design phase in Kuwait, highlighting the significant activity seen in the construction sector in recent years as the country works towards the goals outlined in the New Kuwait 2035 development plan. Perhaps the most ambitious of these projects is the 700,000-inhabitant Silk City…

Overview

China’s implementation of a new trade network is energising the global construction industry
OBG
plus

From 206 BCE to 220 CE, China’s Han dynasty fostered a booming trade industry for silk, a precious commodity in high demand among the elites of the Mediterranean. The Silk Road was the name given to the network of trade routes connecting the East and West at the time. Later, spices and other precious cargo would be traded using the system, fostering not only economic, but also cultural links…