Arab Reinsurance Company: a new dimension
Home   |   Sitemap   |   Contact us
Follow us on
Is Climate Litigation Covered by Insurance? - Social Inflation or Science: What Is Fueling Climate Litigation? - Fortegra Europe Opens Branch in Czech Republic - Vantage launches Construction and Political risk business - UK Insurers Cautiously Willing to Underwrite Fire Safety Risks - Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada - Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P - Debt surge in emerging markets may hurt insurance outlook: Swiss Re - Zurich Insurance Weighs Selling Some Australian Non-Core Assets - Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds - Corvus, SiriusPoint announce investment & underwriting capacity partnership - Munich Re backs energy storage systems provider ESS - Climate Change Could Force 200 Million People to Leave Their Homes by 2050 - Work of the scientific community and re/insurers needed to assess climate change: Lloyd’s - Gallagher Re Touts Advanced Integrated Reinsurance Analytics Platform - London Financial Employees Return to Offices Despite Rising Virus Cases - P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter - Britain Looks to Revisit Data Privacy Regulations - WTW, Applied Systems target real-time pricing enhancements - Reinsurance environment “most attractive in a decade”: SCOR’s Launay - Willis Towers Watson’s New CEO Says It Has $5 Billion for Possible Acquisitions - Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio - Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims - “Inflation is the enemy of the re/insurance industry,” says Swiss Re CFO Léger - Global Reinsurance Rates, Demand to Continue Rising in 2022: Moody’s - Prudential’s Michael Koller joins MS Amlin as Chief Risk Officer - Rates need to and will harden further: Swiss Re CEO Mumenthaler - Russia’s Renaissance Insurance Plans $1 Billion IPO in Moscow: Reuters
Search Search
World News & Events
Enlarge Font Minimize Font

Kuwaiti banks invest in digital transformation

Thursday, 06 27 2019, Category: Banking, Country: Kuwait
Kuwait Finance House (KFH) participated in “The Role of the Private Sector in the Future of the Kuwaiti Economy” conference organized by The Business Year (TBY) magazine and sponsored by KFH. The conference was held in partnership with Kuwait Direct Investment Promotion Authority (KDIPA) in London, UK.

In the conference, KFH Group CEO- Mazin Saad Al-Nahedh demonstrated the importance of digital transformation in the banking sector, and the role of Kuwaiti banks in supporting Kuwait Vision 2035. Al-Nahedh tackled instrumental topics of which is the significant role of KFH in supporting the Kuwaiti economy and the expertise of the Bank in the Islamic finance industry.

“In line with Kuwait`s national development plan that stems from his Highness the Amir’s vision of a new Kuwait by 2035, the country is working to diversify its economy and I believe that the private sector, in particular the banking sector is well-equipped to play a positive role in Kuwait`s future economic development”, Al-Nahedh said.

“As Kuwait has $32bn-worth of public projects, in its near-term pipeline, the banking sector is well-equipped to play an important role to support the long-term development of Kuwait’s infrastructure given the prospect of greater expected project activity in the second half of 2019 and in 2020. This role involves financing of these projects, providing banking services starting from basic lending activity to more complex transactions as well as consulting, trade facilities and other banking business”, Al- Nahedh explained.


Source: Zawya
All copyrights reserved, Arab Reinsurance 2016 ©