Latest news with #KFH
Kuwait Times
18-07-2025
- Business
- Kuwait Times
Kuwait Times, Kuwait News welcome KFH's trainees
KUWAIT: Kuwait Times and Kuwait News welcomed trainees from the Kuwait Finance House (KFH) Academy program for a behind-the-scenes tour and an introduction to the dynamic world of journalism. During the visit, the trainees explored several key departments, including the editorial section, social media unit, studio, printing press, and archives. In the editorial room, they engaged in insightful discussions on media ethics, the process of information gathering, the importance of fact-checking, and the evolving nature of journalism in the digital age. At the archives, the trainees had the opportunity to browse through historical editions spanning the newspaper's 63-year history. They explored how the publication has developed over the decades and viewed past language supplements, gaining a deeper appreciation for the paper's legacy. The group then proceeded to the printing press, where they witnessed the newspaper production process firsthand and posed for a commemorative photo with the Kuwait Times team. To wrap up the visit, the trainees participated in a fun video shoot at the studio, enjoying a lighthearted and engaging end to their tour. The KFH Academy program is designed for university students and recent graduates as part of KFH's commitment to social responsibility, training excellence, youth development, and the empowerment of national talent. A total of 20 trainees were selected to join the academy after successfully completing a rigorous assessment and evaluation process. The program offers a diverse range of learning areas, including public relations (PR) and media, general services, digital transformation, and innovation. It aims to provide participants with a solid foundation in these fields through high-quality, up-to-date training methods, helping them make the most of their summer break.
Zawya
14-07-2025
- Business
- Zawya
Kuwait eyes deeper financial sector engagement to support Vision 2035
AlShamlan: KFH remains committed to advancing sustainable growth and aligning with national priorities under Vision 2035 The role of Kuwait Finance House (KFH) in supporting sustainable economic growth, financial innovation and private sector development in line with Kuwait Vision 2035 was among the central topics of discussion during a recent strategic meeting between Khaled AlShamlan, Group Chief Executive Officer of KFH, and a senior delegation from Oxford Business Group (OBG), led by Andrew Jeffreys, the Group's Chief Executive Officer, and Cristina Mirica, Country Director for Kuwait. The meeting provided an opportunity for both parties to exchange insights on Kuwait's evolving financial landscape, with a particular focus on supporting national development priorities through knowledge sharing, responsible financial practices and enhanced stakeholder engagement. Discussions also explored the possibility of future collaboration in areas such as thought leadership, joint events, and market intelligence. In addition, the parties highlighted the importance of ESG principles, digitalisation and strong corporate governance in shaping a resilient and inclusive financial ecosystem. Khaled AlShamlan shared his thoughts with OBG that the meeting was aligned with KFH's broader commitment to enabling economic progress in Kuwait and strengthening engagement with strategic knowledge partners. 'KFH remains committed to advancing sustainable growth and aligning with national priorities under Vision 2035. Our discussion with Oxford Business Group reflects our interest in working with knowledge partners to support financial innovation, enhance market transparency and drive private sector development in Kuwait and beyond,' he said. Andrew Jeffreys, CEO of Oxford Business Group, said the meeting offered a valuable opportunity to exchange views on regional investment dynamics and future collaboration. 'We are pleased to have had the opportunity to meet with Mr. AlShamlan and his team at a time when Kuwait's financial sector is undergoing rapid transformation. KFH's leadership in ethical banking and innovation aligns well with the themes we are exploring in our research. We look forward to deepening our engagement with key stakeholders in the sector,' he noted. The meeting forms part of OBG's ongoing research for The Report: Kuwait 2025, which will analyse key trends and investment opportunities across the country's economy and will be in both printed and digital formats. The publication will feature insights from leading public and private sector figures, alongside data and analysis covering financial services, energy, infrastructure, and other priority areas. About Oxford Business Group Oxford Business Group (OBG) is a global research and advisory company with a presence in over 30 countries, spanning Africa, the Middle East, Asia and the Americas. It is recognised internationally as a distinctive and respected provider of on-the-ground intelligence on the world's fastest-growing markets, termed The Yellow Slice, in reference to OBG's corporate colour. Through its range of products – Economic News and Views; OBG CEO Surveys; OBG Events and Conferences; Global Platform, which hosts exclusive video interviews; and The Report publications – as well as its Advisory division, OBG offers comprehensive and accurate analysis of macroeconomic and sector-level developments for sound investment opportunities and business decisions. OBG provides business intelligence to its subscribers through multiple platforms, including its own verified subscribers and the ones of Dow Jones Factiva, Bloomberg Terminal, Refinitiv's Eikon (previously Thomson Reuters), Factset and more.
Al Etihad
12-06-2025
- Business
- Al Etihad
GCC banks with Turkish subsidiaries set to gain as inflation eases in Türkiye: Fitch Ratings
12 June 2025 17:39 A. SREENIVASA REDDY (ABU DHABI)Gulf banks with subsidiaries in Türkiye are poised to benefit from improving macroeconomic conditions in the Turkish market, according to Fitch Ratings. Easing inflation and signs of greater financial stability are expected to soften the financial drag these subsidiaries have imposed in recent the affected institutions is Emirates NBD, which owns DenizBank in Türkiye. Like its regional peers, Emirates NBD has suffered from what are called "net monetary losses" — accounting hits that stem from Türkiye's persistently high inflation. Under international accounting rules (specifically IAS 29 for hyperinflation), these banks must adjust the value of their Turkish assets, leading to large losses on their noted that since 2022, Gulf Cooperation Council (GCC) banks have reported more than $7 billion in such losses, equivalent to about 5% of their combined equity by the end of 2024. In 2024 alone, $2.5 billion in net monetary losses were recorded. Qatar National Bank (QNB) and Kuwait Finance House (KFH) were among the hardest hit, with their profitability ratios reduced by 60 to 70 basis there is now cautious optimism. Quarterly losses shrank by about 20% in Q1 2025, thanks to Türkiye's inflation cooling to around 40%, down from 67% in the same period last year. Fitch expects total losses to fall further to $1.1 billion in 2025 and $920 million in 2026, assuming continued disinflation, with inflation forecast to drop to 28% by year-end 2025 and 21% by 2026.'If disinflation continues at least in line with our expectations after 2025, GCC banks will probably stop using hyperinflation reporting from 2027,' Fitch Ratings said. Furthermore, profit margins at the subsidiaries may improve once Türkiye's central bank begins cutting interest rates, expected to fall to 33% by end-2025 from the current 46%, and then to 24% in this progress, Fitch maintains a cautious view. The agency said it still treats exposure to Türkiye as a credit-negative factor. These exposures result in a one-notch deduction from their viability scores — a key measure of a bank's intrinsic financial health — due to the relatively higher risks in the Turkish market compared to the more stable GCC region. While these Turkish subsidiaries account for only between 3% and 21% of the parent groups' total assets, any material improvement in Türkiye's economic environment could gradually ease the strain. Fitch signalled that in the long run, this might contribute to upgrades in the affected banks' ratings — but only in conjunction with other supportive factors.
Arab Times
18-05-2025
- Business
- Arab Times
KFH: Pioneering National Economic Support for State Development Goals
KUWAIT CITY, May 18: Kuwait Finance House (KFH) participated as a Platinum Sponsor of the 3rd Kuwait Public Private Partnership conference (PPPKW3), affirming its standing as a key partner in financing strategic development projects. This sponsorship reflects KFH's commitment to supporting initiatives that advance major projects contributing to the achievement of Sustainable Development Goals in Kuwait. The two-day event, taking place on May 18 and 19, is titled: 'Partnership Projects: Promising Leap in the New Era'. The conference is held under the patronage of Kuwait Minister of Finance, Minister of State for Economic and Affairs and Investment, and Chair of the Higher Committee for Public-Private Partnership Projects, Noura Al-Fassam. Addressing the audience, KFH Deputy Group CEO Transformation, Technology and Operations, Haytham Alterkait, said in his speech: 'Our participation emanates from KFH's national and economic commitment in supporting the State's development plans, capitalizing on its capabilities to enhance the economic environment, promote green financing, and uphold Environmental, Social, and Governance (ESG) standards.' Alterkait pointed out that KFH enjoys robustsolvency and is well-positioned to finance mega projects across key sectors such as energy, water, electricity, and infrastructure. 'This is supported by the KFH's extensive experience, solid financial position, high-quality credit portfolio, and its position as the largest bank in Kuwait and the largest listed company on Boursa Kuwait by market capitalization, amounting to approximately KD 13.7 billion,' he added. Alterkait underscored the significance of the Public-Private Partnership Projects in strengthening the national economy, generating employment opportunities, improving quality of life and maintaining service quality. He emphasized the private sector's expertise in financing, building, and operating projects in alignment with Kuwait Vision 2035, expressing confidence in the government's ability to build a better future for Kuwait. The conference aims to accelerate the implementation of development projects and Kuwait's vision by engaging the private sector in execution plans. This aligns with the global trend, where both developed and developing countries adopt the PPP model as a means of concerted efforts for national progress. The model ensures optimal utilization of both sectors' capabilities. The conference also seeks to promote capacities across various technical domains and clarify the responsibilities of each sector. Adhering to international standards, the PPP approach enables the attraction of top global, regional, and local expertise, enhancing the execution of projects with best-in-class tools and frameworks for professional, technological, and legal development, in line with international specifications and sound governance. Meanwhile, the conference successfully brought together prominent leaders and experts in the PPP space, along with key institutions from both the public and private sectors. Participants benefited from the conference program, including lectures, panel discussions, side meetings, and an exhibition featuring sponsoring companies and specialized institutions showcasing their services and partnership solutions. It serves to note that KFH offers top-tier financing solutions for projects in vital sectors in Kuwait and the region. Leveraging its rooted experience in the financing markets and strong relationships with leading regional and international banks, KFH is well positioned to serve as the ideal Lead Arranger in syndicated financing initiatives.
CNBC
02-05-2025
- Business
- CNBC
See 'equity-like returns' from the Turkish Lira carry trade: CIO
Alan Higgins, CIO of Ahli United Bank (KFH), urges investors to take a more global approach – staying invested in the US, but also looking at global equities and currencies like the Turkish lira.
