Strong links with Asia

Article Abstract:

Alghanim Industries continues to dominate Kuwaiti commerce with $500 million in annual sales, largely of automobiles and electrical appliances. It sells 7,000 General Motors cars yearly, installs Hitachi air-conditioning, and assembles pre-engineered metal buildings. The firm views Asia primarily as a source of raw materials, but is eyeing India for its pre-fab buildings. The Alkazi family sells Honda cars and motorcycles as well as generators, and Mobile Telecommunications is expanding paging and mobile telephone services.

Management, International trade, Alghanim Industries

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The road to recovery

Article Abstract:

Kuwait's oil and gas industry has recovered with remarkable speed from the invasion and occupation by Iraq and the subsequent firing of its wells, which cost the country some $75 billion. Already it has returned to pre-war levels of production and capacity, 2 million and 2.5 million barrels per day respectively. Kuwait Petroleum Corp plans several ambitious expansion projects, both on its own and through the various companies operating under its umbrella, which have formed agreements with several foreign nations.

Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Oil & Gas Fields, Planning, Petroleum industry, Natural gas fields, Oil fields, Kuwait Petroleum Corp.

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Picking up the pieces

Article Abstract:

Kuwait's banking and finance industry is still driven largely by the debts remaining after the Iraqi invasion left 10,000 individuals and firms owing $19 billion. The govt has generously purchased much of the debt with bonds yielding around 5%, but that has left banks with few options for boosting earnings. New laws also have helped people and companies to resolve debt problems. The Kuwait Real Estate Bank and the Industrial Bank of Kuwait may merge.

Commercial Banks, Commercial Banking, Banking industry, Economic aspects

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