CFA Society Kuwait

A Member of the CFA Institute Global Network of Societies

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Attachment6/26/2014
  
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Attachment6/16/2014
  
In this aticle Mirza De Manuel Aramendia, Director Capital Markets Policy in CFA Institute, and Rafik Hafez, President of CFA Society Kuwait, are discussing a new growing phenomenon, which are crowdfunding platforms.
Attachment6/10/2014
  

With a multitude of funding options in developed markets such as the UK, crowdfunding simply represents one more option for early stage investing. However, the GCC has even greater potential to take advantage of crowdfunding. While there is a burgeoning interest in
creating new small and medium enterprises in the region, entrepreneurs often face financing-related hurdles because of limited venture capital in the region. Crowdfunding presents a solution where other funding sources cannot be secured.
Mirzha de Manuel Aramendia, Director Capital Markets Policy at CFA Institute, and Rafik Hafez, president of CFA Society Kuwait, discuss the potential for crowdfunding and the importance of regulation in allowing crowdfunding to develop and protect investors.

Attachment5/7/2014
  

Modernising mkts - 5 important steps

While the GCC countries generally enjoy a high standard of living and prosperity, they are still behind the curve when it comes to its capital markets. The definition of capital markets predominantly means equity markets primarily in this region due to the lesser role played by the debt market. Notwithstanding, there is an immediate need to modernize the GCC capital markets in a way that it can deliver its function – efficient capital allocation. Meanwhile, featured here is a logo of CFA Institute.

Attachment5/7/2014
  
CFA Institute: Lack of institutional investors worrying
M.R. Raghu, CFA FRM , Head of Research for MARKAZ: While the GCC countries generally enjoy a high standard of living and prosperity, they are still behind the curve when it comes to capital markets. There is an immediate need to modernize the GCC capital markets in a way that can deliver its true function. The top 5 factors for modernization are : Integrate the markets, Institutionalize the markets, Strengthen information base, Improve liquidity and Provide more tools for risk management.
Attachment4/8/2014
  
Most GCC countries’ currencies are pegged to the US dollar. Tholoor Mathew Thomas, a CFA charter holder and a Member of CFA Society Bahrain, explores whether a US dollar rally would benefit or hinder the region. Volatility has been an integral part of the global currency market since the abolition of Bretton Woods agreement in 1971 and the adoption of floating exchange rate system by several countries. However there are several countries which are yet to adopt web a flouting exchange rate system.
Attachment3/14/2014
  
Gold has broken above the $1,370 level while copper and crude oil flounder as elevated uncertainty surrounding emerging markets continues to erode investor confidence. The catalyst for a shift in risk-sentiment remains to be seen as the market shrugged off positive US data overnight, suggesting the potential for a lacklustre reaction to upcoming Consumer Confidence figures.
Attachment3/13/2014
  
Usually gold and the US dollar on an inverse relationship with a in the value of the dollar enjoy over time encourage to rise in dollar terms. Domluke Da Silva, a CFA charter holder and a Member or CFA Society Emirates, explores the factors behind the price of gold base and the US dollar strengthening against emerging market currencies in 2014 so far.
Attachment2/23/2014
  

A recent report by CFA Institute showed that there are deals that depend on debt by 90%. Popularity of this kind of operations in Middle East is weak.

Attachment2/21/2014
  
While the GCC countries generally enjoy a high standard of living and prosperity, they are still behind the curve when it comes to its capital markets. The definition of capital markets predominantly means equity markets primarily in this region due to the lesser role played by the debt market. Notwithstanding, there is an immediate need to modernize the GCC capital markets in a way that it can deliver its function – efficient capital allocation. Meanwhile, featured here is a logo of CFA Institute.
Attachment1/20/2014
  

Investing requires people to make tradeoffs between expected risk and expected return. Consequently. many investors have turned to sophisticated models to help develop their expectations. Ron Rimkusevaluates why these models only capture risk relative to the market and do not do anadequate job of assessing systemic risk. - By Ron Rimkus, Content Director, at CFA Institute.

Attachment1/20/2014
  
In this article Ron Rimkus, a content director at CFA Institute, sheds the light on reasons behind the financial system's collapse and how to protect the system from this risk. He also discussed the central banks' role in this problem.
Attachment12/19/2013
  
Investing requires objective fact gathering and subjective decision making. Ideally subjective judgments are free from the deleterious effects of emotions. one emotion plaguing investors is anxiety. Recent regional research by CFA Institute showed investors were concerned about the potential for another bubble in the GCC region, especially following Dubai's successful bid to host EXPO2020.
Attachment12/17/2013
  
Investing requires objective fact gathering and subjective decision making. Ideally subjective judgements are free from the deleterious effects of emotions. one emotion plaguing investors is anxiety. Recent regional research by CFA Institute showed investors were concerned about the potential for another bubble in the GCC region, especially following Dubai's successful bid to host EXPO2020.
Attachment10/25/2013
  

As the Media East and North Africa looks to diversity and grow sustainable economies, Raghu Mandagolathur from CFA Society Kuwait discusses the need to broaden the scale and spread of finance in the region.

Attachment9/12/2013
  
A new report was issued by CFA Institute said that Islamic finance and the forms of finance generally referred to as sustainable and responsible investing (SRI) are yet to actively collaborate with each other. Islamic finance is practised by international financial institutions offering conventional finance, such as HSBC. It has also drawn increasing interest from other international organisations, such as the World Bank, which organises an annual conference with the Islamic standard setter, Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).
Attachment9/3/2013
  
Islamic finance and the forms of finance generally referred to as sustainable and responsible investing (SRI) are yet to actively collaborate with each other. One would think that to strengthen their position in a market dominated by conventional finance, Islamic finance and SRI would be sharing their successes and failures, coming together for joint ventures, and supporting each other on issues where they have similar views. But such collaboration has not occurred. Building bridges between the two remains an opportunity that is waiting to be seized upon by the industry leaders from the two sides. Recently, we had two experts, one on Islamic finance and one on impact investing at CFA Institute Middle East Investment Conference in Dubai on 2021 March, 2013. Speaking on Islamic finance in the global economy, Ibrahim Warde professor at Tufts University, was clear that offering social value ought to be a part of Islamic finance.
Attachment7/16/2013
  

Gold has broken above the $1,370 level while copper and crude oil flounder as elevated uncertainty surrounding emerging markets continues to erode investor confidence. The catalyst for a shift in risk-sentiment remains to be seen as the market shrugged off positive US data overnight, suggesting the potential for a lacklustre reaction to upcoming Consumer Confidence figures.

5/29/2012
  
 
CFA Program marks 50th anniversary New CFA Institute logo unveiled

KUWAIT CITY, May 29: The Kuwait branch of Chartered Financial Analysts Institute (CFA-Kuwait) held a ceremony Tuesday at the Kuwait Stock Exchange (KSE) to mark the 50th Anniversary celebrations of the Chartered Financial Analyst Institute (CFA) since the program’s establishment in 1963, by holding a joint closing ceremony with the Kuwait Stock Exchange (KSE).
The year-long anniversary celebration campaign starting Tuesday May 29, 2012 included a 24-hour rolling market event with openings and closings of stock markets in 26 locations around the globe including London, Paris, New York, Singapore as well as Kuwait.
Joining 26 other cities, the Kuwait celebration has become part of a series of events happening in major financial centers around the world, representing the greatest number of stock exchanges to be opened or closed by one organization in a single day as a synchronized event. Holding the event in Kuwait highlights the preeminent position of the Kuwait Stock Exchange in the Middle East.

Wafa Al-Rasheed, a KSE staff in the presence of CFA members and executives, pressed the knob to ring the closing bell for the Stock Exchange. Al-Rasheed also received a plaque of appreciation from CFA-Kuwait in recognition of the positive cooperation the CFA received from KSE in the anniversary planning.
The event ushered in a year of celebrations for the CFA Institute which offered the first CFA examinations in June, 1963. As part of the celebrations, a new CFA logo was unveiled symbolizing the global community of investment professionals centered around a core of ethical best practice.
The CFA Charter sets the standard for investment practice and is a globally recognized benchmark for ethics in the profession. Following the first exam, 268 investment professionals were awarded the CFA Charter. Nearly 50 years later, there are more than 100,000 Charter holders in 137 countries and territories - representing the highest professional standards and competencies in the global investment community.

Reflects
Speaking at the event, CFA-Kuwait Board member, Ahmed Al-Qadhi stated that Kuwait is taking its place among the world’s major financial centers in helping to celebrate the 50th anniversary of the CFA Program. The celebrations, he continued, reflects not just what CFA Institute has achieved over the last half century, but also the important role it’s playing in working alongside governments, regulators, exchanges and business in helping grow and develop international best practice.
“As the global economy continues to grow and mature, the current financial crisis has reconfirmed the importance of ethics, education and good corporate governance in the financial markets,” added Al-Qadhi.

Commenting on the CFA-Kuwait’s cooperation with the KSE in the planning and execution of the anniversary celebrations, CFA-Kuwait President, M.R. Raghu expressed the hope that the cooperation will continue so as to increase engagement with the regulators in order to bring the best financial practices and help the Kuwait capital market develop.
The anniversary celebrations coincide with the time when more than 149,000 registered CFA candidates from 168 countries take the Levels I, II and III exams on June 2 and 3 this year. This includes an estimated 3,570 candidates from the Middle East who will be taking exams in Kuwait as well as in Abu-Dhabi, Dubai, Bahrain, Doha and Beirut.
Established by CFA Institute in August 2008, CFA Kuwait is part of CFA Institute’s international network of nearly 100,000 members based in 57 countries and territories. It is the newest CFA society in the GCC, the 7th in the Middle East, and 136th globally.
CFA-Kuwait is an association of local investment professionals consisting of portfolio managers, investment advisors, educators and other financial professionals.

It contributes to the development of the investment sector in Kuwait and undertakes the following activities: Promotes ethical and professional standards within the investment industry, Encourages professional development through the CFA Program and continuing education, Facilitates the exchange of information and opinions among people within the local investment community and beyond, Works to further the public’s understanding of the CFA designation and investment industry, Creates awareness of the CFA Program among students, employers and employees, Connects CFA Institute members in Kuwait to a global network of investment professionals.
CFA Institute is the global association for the investment profession. It administers the CFA and CIPM curriculum and exam programs worldwide; publishes research; conducts professional development programs; and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 100,000 members, who include the world’s 93,300 CFA charterholders, as well as 135 affiliated professional societies in 58 countries and territories.






By: Iddris Seidu
1/24/2012
  
Kuwait, 24th January 2012: Last night CFA Kuwait, the local CFA Institute association for of finance and investment professionals in Kuwait, hosted its annual charterholder ceremony at the Arab Fund for Economic and Social Development Building, in Kuwait City.  Hosted in the company of Mr. Abdlatif Y. Al-Hamad, Director General and Chairman of the Board of Directors of Arab Fund for Economic and Social Development, 20 new charterholders were recognized in the presence of nearly 150 guests and society members.
 
The event was sponsored by Markaz and NBK Capital as platinum sponsors.
MarkazNBK Capital
 
Kamco was the gold sponsor and CITI was the silver sponsor.
 
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9/14/2011
  
In its second annual regulatory seminar, CFA Kuwait held a session on the CMA Law’s Executive Regulations by Mr. Hossam Abdullah (Partner) and Mr. Rob Little (Partner) from Al Ruwayeh & Partners ('ASAR') Law Firm of Kuwait. Photos