Top banking officials, leading financiers and policy makers from Kuwait and around the world are to meet in Kuwait City on 27 September for the 8th Euromoney Kuwait Conference. Being held under the theme, ‘Meeting the Challenge of Financial Innovation and Reform’, the eighth iteration of the conference will aim to tackle key challenges facing the national, regional and global economy, as well as discuss recent financial reforms in Kuwait.
The annual Euromoney Conferences creates a unique environment to meet and engage with Kuwait’s senior government officials and private-sector industry leaders, as well as listen to some of the leading players and thinkers in finance as they discuss Kuwait’s future economic direction and the changing face of Kuwait’s finance sector.
The opening session will witness a keynote address delivered by Undersecretary, Ministry of Finance Khalifa Musaed Hamada, who will be presenting it on behalf of the Deputy Prime Minister, Minister of Finance and Acting Minister of Oil H.E. Anas Al-Saleh. He is expected to discuss Kuwait’s strategic response to the new global financial landscape.
The financial community is paying close attention to discussions on Kuwait at the Euromoney Conference, as the country has announced significant reforms to boost non-oil revenues and reduce public spending. The plans by Ministry of Finance to issue up to US$10 billion in US-denominated bonds from international markets and up to $6.6 billion from the domestic market, has also generated increased international interest.
Reflecting the high-level participation in the event, the opening session of the conference will feature keynote speeches delivered by Governor of the Central Bank of Kuwait Dr. Mohammad Yousef Al-Hashel, Chairman of the Capital Markets Authority Dr. Nayef Al-Hajraf and Director-General of the Kuwait Direct Investment Promotion Authority H.E. Sheikh Dr. Meshaal Jaber Al-Sabah, who will address themes including innovation, reform and financial stability.
The conference will also hear first-hand from policy makers, bank chairmen, investors, international analysts and commentators, who will examine Kuwait’s macro-economic outlook, fiscal and monetary policies, economic diversification strategies, energy prices and the changing role of the public sector.
Around 400 senior banking professionals are set to attend the conference which will also hear from Omar Alghanim of Gulf Bank and Alghanim Industries, Majed Essa Al-Ajeel of Burgan Bank and chairman of Kuwait Banking Association, Adel Abdul Wahab Al-Majed of Boubyan Bank and Manaf Alhajeri of Kuwait Financial Centre (Markaz). These leading financial figures will discuss banking sector strategies, share their success stories and discuss the opportunities and challenges they face.
The CEO of International Goldman Sachs Asset Management Sheila Patel is one of the global banking figures set to take part. She has emerged as one of the investment bank’s most public figures when it comes to discussing the global economy and was named to Fortune Magazine’s Most Powerful Women in Asia in 2015.
The event will also feature a live interview with Vice-Chairman and CEO of Boursa Kuwait Securities Company (BKSC) Khaled Al Khaled. Since Boursa Kuwait assumed responsibility for management of the Kuwait Stock Exchange in April 2016, Mr. Al Khaled has spearheaded the transition of one of Kuwait’s primary governmental institutions, into an independent private company.
The conference will also examine Kuwait’s digital ecosystem and review how innovation and digitalization are crucial for the future of Kuwaiti business and finance. Panelists will discuss the next generation of financial services, financial inclusion, e-government, regulation, security and consider new initiatives, incentives and the role of SMEs in localized innovation and the changing role of the state.