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Meeting the Challenge of Financial Innovation and Reform
The 8th Euromoney Kuwait Conference met in Kuwait City on Tuesday 27 September 2016. Bringing together over 500 high-level government officials, investors, financiers, business leaders and many of Kuwait’s leading institutions to explore new opportunities and examine Kuwait’s changing role in the new global financial landscape.
Over 25% of the delegates joined us from abroad reflecting the rising global profile of Kuwait’s financial sector. This included high-profile attendees from Bahrain, China, Saudi Arabia, Egypt, Singapore, Turkey, United Arab Emirates, United Kingdom, United States of America and elsewhere.
The event featured keynote speeches by senior figures from Kuwait’s government, interactive panel discussions and live one-on-one interviews with bank leaders from Gulf Bank, Commercial Bank of Kuwait, Boubyan Bank and Kuwait Financial Centre (Markaz).
The conference was opened by H.E. Mr Khalifa Musaed Hamada, Undersecretary of Kuwait’s Ministry of Finance who delivered the opening keynote speech on behalf of H.E. Mr Anas Al-Saleh, Deputy Prime Minister, Minister of Finance and Acting Minister of Oil. H.E. Mr Hamada emphasised the importance of financial reforms and their potential impact on stimulating economic growth.
The next speech was delivered by H.E. Dr Mohammad Yousef Al-Hashel, Governor of the Central Bank of Kuwait who spoke about innovation, reform and financial stability. He said that local banks have remained stable and continued to effectively support economic activity in Kuwait, despite a challenging economic environment. His Excellency outlined the Central Bank of Kuwait’s commitment to maintaining monetary and financial stability despite a persistently challenging macro environment.
Later in the day we were joined by an array of leading speakers from Kuwait and abroad to confront the challenges facing the Kuwaiti economy in an era of global uncertainty and volatility. The first panel examined Kuwait’s macro-economic and financial sector outlook with a central focus on measures to reform. The second panel then looked at the role of SMEs in diversifying Kuwait’s economy and discussed innovation, digitalisation and the future of Kuwaiti business and finance.
Lead sponsors of the event included Gulf Bank, Alghanim Industries and the Kuwait Banking Association. Co-sponsors included Al Ahli Bank of Kuwait, ASAR - Al Ruwayeh & Partners, Boubyan Bank and Kuwait Financial Centre (Markaz). FactSet joined us as lanyard sponsors.
Euromoney is delighted with the success of the event, and would like to thank all our sponsors without whose support the conference would not have been possible.
We look forward to reconvening in 2017 for our annual update of the Kuwait financial markets and investment climate.