Deficiency of reform hinders Kuwait’s ability to expand in non-oil activities KUWAIT CITY, Jan 31: The ‘Global Finance’ magazine said Kuwait’s long-term economic prospects are still uncertain, if it continues to depend on oil prices, but if it can overcome political obstacles, the state has every
ABK gains strong momentum with a net profit of KD 21 1m kuwaittimes.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuwaittimes.net Daily Mail and Mail on Sunday newspapers.
Kuwait Roundtable: Looking to Recovery
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Kuwaiti banks provided crucial support through the Covid-19 crisis and will play just as important a role in nursing the nation back to full economic health. Top executives from seven of the nation’s leading financial institutions discuss the past year and look ahead to the future.
May 06, 2021
Global Finance: A year after the pandemic, Kuwait is still experiencing partial lockdowns, travel bans and mandatory institutional quarantining. Vaccines are becoming available but have not yet reached a large percentage of the population. How has the pandemic impacted Kuwait’s economy and banks? When do you anticipate recovery to take place in earnest? Which sectors of the economy will be permanently advantaged or damaged?
Al Ahli Bank of Kuwait names new CEO Filed on February 27, 2021
Al Ahli Bank of Kuwait (ABK) recently announced the appointment of Omar Wahby as CEO for the UAE. Wahby has over 25 years experience across many disciplines. He started his career as an investment banker in Egypt and has worked in a number of senior roles in top institutions, including BNP Paribas and Citibank. His last position was with the National Bank of Kuwait as deputy CEO for the international banking group. Omar has extensive experience across key markets of the MENA region. George Richani, group CEO of ABK, said: We are very pleased to welcome Omar Wahby to ABK. He has an excellent track record of strong leadership, both in Kuwait and the MENA region, and I am certain that he will grow the UAE business, and add great allround value to the group. We wish him every success.