Doha Bank organized a knowledge-sharing seminar titled 'Changing Dynamics and Market Opportunities' in Kuwait on 19 April. Ambassadors, dignitaries, business people and media personnel were among the attendees at the seminar.
Doha Bank CEO Dr. R. Seetharaman, Secretary General of the Kuwait Banking Association (KBA) Dr. Hamad Al Hasawi, City Group Company CFO Aninda Banerji and Executive Director of Al Zahem & Malhotra General Trading Company Lokesh Malhotra were among the speakers at the event.
Dr. Seetharaman started the session with an insight on global economies and market opportunities in Kuwait. Speaking about some of the challenges and improvements associated with development in Kuwait, Dr. Al Hasawi elaborated on the fiscal reforms and on improving state financial management.
For his part, Mr. Banerji spoke about the impacts that changing dynamics in the country was having on industry and its impact on their functioning. While Mr. Malhotra pointed to how Kuwait could turn the current low oil price scenario to its benefit. He said it would allow the government to introduce various economic reforms, including introducing taxes and addressing subsidies. He was particularly optimistic about new opportunities available as the finance and business sector in Kuwait undergoes a transformation.
— Christina Pinto
The seminar ended on a high note with everyone more informed on the changing market environment in Kuwait and the positive aspects that could be derived from this business climate.