Just in:
Melco Style Presents “SANRIO CHARACTERS STUDIO CITY CARNIVAL” – Explore a SANRIO World of Unlimited Love and Cuteness // U.S. Compliance Takes Center Stage at OKX Following Industry Jitters // Andertoons by Mark Anderson for Thu, 28 Mar 2024 // Samsung Partners National Heritage Board to Bring a Slice of Singapore’s Cultural Heritage to Samsung The Frame TV // Sunshine’s Debut Features Leave Tech World Scratching Its Head // First-Ever Fortune Innovation Forum Draws Top Global Leaders to Hong Kong, Promoting Agendas On Collective Cross-Sector Advancement // Ingdan Announces 2023 Annual Results // CABSAT 2024 Ushers in 30 Years of Media Innovation // Global Audience to Witness Thrill of Dubai World Cup // No running of govt from jail, says Delhi Lt Governor // Arvind Kejriwal Was Used By BJP In 2011 Movement To Take On The Congress // Konica Minolta is named ASEAN 2023 Market Leader in Colour Light and Mid Digital Production Printers // Emirati Aid Reaches Ukraine as Food Shortages Bite // Experience Ultimate Shopping Freedom at 4.4 Shopee Spree: Don’t Worry, Shop Shopee! // Hope for Respite as UAE Endorses UN Plea for Gaza Truce // Ajman Celebrates Conclusion of Ramadan Activities with Grand Ceremony // German Job Market Resilience Bodes Well for Economic Recovery // Saudi Arabia Unveils Green Financing Tool to Achieve Net-Zero Goals // Lisboeta Macau’s world first LINE FRIENDS PRESENTS CASA DE AMIGO and BROWN & FRIENDS CAFE & BISTRO has officially opened // Sharpening the Focus: Sharjah Health Department Refines Evaluation Criteria for “Healthy Schools Programme” //
HomeCompaniesKFH Participated in 2017 IIF MENA Financial Summit Held in Dubai

KFH Participated in 2017 IIF MENA Financial Summit Held in Dubai

Al-Nahedh: Structural Changes, Regulatory Compliance and Cyber Security Major Challenges Facing Banks

18 February 2017

ADVERTISEMENT

Kuwait – Group Chief Executive Officer at Kuwait Finance House (KFH), Mazin Saad Al-Nahedh stressed the importance of practically facing the economic challenges facing the GCC banks in light of the fall in oil prices, indicating the necessity of applying best practices and highest standards in the structural changes, regulatory compliance and cyber security as they are the major challenges for now. 

His statement was made during his participation in the 2017 IIF MENA Financial Summit Held in Dubai for 2 days to discuss the main challenges facing the economies of the MENA region and the effect of the drop in oil prices on the GCC banks.

Al-Nahedh said that banks should offer best service quality, and implement best technologies in efforts to preserve customers’ rights and protect their information, yet to achieve growth in all indicators.

He emphasized the need for deepening and diversifying financial markets in the region by exploring the needed policies and market instruments.

Advertisement

He added that despite the geopolitical variables that take toll on the foreign investment in Turkey, and caused fall in the value of the Turkish Lira, the Turkish government took several procedures to boost liquidity in banks and revitalize the market in order to continue the development in all sectors, mainly the energy and transportation sectors. He said the position of KFH-Turkey is good, the asset quality is strong, and the Turkish market is still promising. KFH is operating in different geographies including Turkey, Saudi, Bahrain and Malaysia, indicating KFH Malaysia is transforming to digital banking to be distinguished among peers.

Al-Nahedh stressed the importance of implementing structural reforms and income diversification to achieve sustainable development. He discussed the developments of non-bank segment of the financial markets in the MENA region.

The session included besides Al-Nahedh, Mark Robinson, Chief Executive Officer, Commercial Bank International PSC, Amin Al-Husseini, Chief Executive Officer, Oman Arab Bank, Abdulaziz Al Onaizan, Chief Executive Officer, Bank Al Bilad, Vince Cook, Chief Executive Officer, and National Bank of Fujairah

The summit has been attended by many banking, finance and investment leaders and decision Makers as well as finance ministers.

Kuwait Finance House (KFH)
KFH was established in Kuwait in 1977 and is enlisted in the Kuwait Stock Exchange. KFH Group is a global pioneer in the field of Islamic banking services, where it offers a wide array of Islamic products and services, not to mention a high standard of innovation and client service.

KFH manages its operations in the GCC, Asia, and Europe through over 446 branches, including KFH-Turkey, in order to offer services for the bank’s clients in Turkey, Malaysia, Saudi Arabia, Bahrain, Germany, Jordan, and Dubai.

KFH’s mission is to achieve highest levels of excellence and innovation in the field of client service, while developing common interest for all those concerned with the financial institution. KFH’s vision is to spearhead the global development in Islamic financial services, and to upgrade the bank into the level of becoming the most sustainable profitable Islamic bank in the world.

KFH’s values include cementing leadership through all its businesses, including leadership in the Islamic banking services worldwide, through innovation and in client service and the development of its employees. In addition, KFH is committed to all its procedures, and to setting up long-life partnerships with the concerned authorities.

For more information, please visit: www.kfh.com

-Ends-

© Press Release 2017

© Copyright Zawya. All Rights Reserved.

Via Zawya

ADVERTISEMENT

ADVERTISEMENT
Just in:
Lisboeta Macau’s world first LINE FRIENDS PRESENTS CASA DE AMIGO and BROWN & FRIENDS CAFE & BISTRO has officially opened // Melco Style Presents “SANRIO CHARACTERS STUDIO CITY CARNIVAL” – Explore a SANRIO World of Unlimited Love and Cuteness // AIA Hong Kong Wins More Than 20 Accolades at MPF Ratings MPF Awards, BENCHMARK MPF of The Year Awards and Bloomberg Businessweek Top Fund Awards // CABSAT 2024 Ushers in 30 Years of Media Innovation // German Job Market Resilience Bodes Well for Economic Recovery // No running of govt from jail, says Delhi Lt Governor // Sunshine’s Debut Features Leave Tech World Scratching Its Head // Following the Money Trail: US and UK Investigate $20 Billion in USDT Transfers Tied to Sanctioned Russian Exchange // Ajman Celebrates Conclusion of Ramadan Activities with Grand Ceremony // US reiterates concern over Kejriwal arrest, Cong accounts // Hope for Respite as UAE Endorses UN Plea for Gaza Truce // Sharjah Chamber Breaks Ground on Final Expansion with New HQ Pact // Experience Ultimate Shopping Freedom at 4.4 Shopee Spree: Don’t Worry, Shop Shopee! // Ingdan Announces 2023 Annual Results // Sharpening the Focus: Sharjah Health Department Refines Evaluation Criteria for “Healthy Schools Programme” // Konica Minolta is named ASEAN 2023 Market Leader in Colour Light and Mid Digital Production Printers // Emirati Aid Reaches Ukraine as Food Shortages Bite // First-Ever Fortune Innovation Forum Draws Top Global Leaders to Hong Kong, Promoting Agendas On Collective Cross-Sector Advancement // Arvind Kejriwal Was Used By BJP In 2011 Movement To Take On The Congress // French Leaders Gather for Interfaith Iftar Dinner //