Report: Global’s Desolation December 23, 2008
Posted by Ali in analysis, kuwait.Tags: global, investment, kuwait, Report
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Global Investment House (Global), was incorporated in 1998 by a group of mid-age Kuwaiti entrepreneurs who used to work for Kuwait Investment Company. Global has been lead by Mrs. Maha Al-Ghunaim since inception. Global started in 1998 with market cap of KD 15 millions, and by June 2008 its market cap grew to KD 1.5 billion.
Global growth was initially driven by fees and commission, as the company was focused on private placements and marketing its funds. However, when the company started to grow larger and faster these core business earnings became more difficult to grow, thus Global became more aggressive in its investments. Global’s recent growth and return were coming mainly from their investment activities (Chart 1). (more…)
Kuwait’s policy strategy plan 2009 – 2014 April 2, 2008
Posted by mylastresort in analysis, bahrain.Tags: Arab, bahrain, Countries, Dubai, Future, Government, Gulf, Investments, kuwait, Kuwait City, Kuwaiti, Manama, Oil, Outlook, Parliament, Policy, Policy strategy, Report, Strategy, uae, United Arab Emirates
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Information in a 2009 – 2014 policy strategy plan formulated by Kuwait’s planning council has been made public. The policy strategy is not strictly adhered to, nor is it marketed to the public, rather it is just a report amid many reports circulated by the government.
Here are a few of the plans:
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Boost non-oil economy (at less than 10% of revenue)
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Increase foriegn investment (become a financial hub)
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Sell land/Ease ownership rules (in preparation of post-oil era)
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Continue privatizations (eg. selling of Kuwait Airways Corp.)
Kuwaiti government to control price increases March 9, 2008
Posted by mylastresort in analysis.Tags: Commerce and Industry Ministry, Consumer protection, Iman Mujib Al-Ajmi, inflation, kuwait, Mansour Al-Nazhan, Price Control, Report
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The Kuwaiti Commerce and Industry Ministry announced yesterday that companies selling 367 products are to face the public prosecution for unjustified price increases. The products concerned include rice, vegetable and cooking oils, frozen poultry, cheeses, and liquid and powder milk, head of the consumer protection department at the ministry Mansour Al-Nazhan said. This comes after a study conducted last week on the prices of 811 products, he said.