Markaz heralds international business principles as key to business success in the Arab world

Markaz is officially supporting the International Leadership Summit to be held in Dubai later this month. Speakers, including Bill Clinton and Madeleine Albright, will address topics ranging from the effects of globalisation to creating corporate longevity.

Markaz Vice President - Client Relationship, Carole Six, said "the International Leadership Summit is timely because the Arab world is becoming increasingly interconnected with Europe, the United States and other markets in the wake of deregulation initiatives and the impact of new technology. Recognising and addressing new opportunities in this business environment requires good leadership.

"Markaz has learnt from the principles employed by international businesses including placing a high value on articulating and communicating a clear vision, building and controlling an effective team of managers, and identifying core strengths and competences that can be exploited,"

Ms. Six said.

"A key element of Markaz's business strategy is to provide innovative solutions that are tailored to meet the needs of clients who are becoming increasingly sophisticated," she said.

"In an interconnected world, companies need to be flexible in aligning their resources and skills in ways that enable them to capitalise on emerging business opportunities."

Ms. Six said Markaz had a proud track record of innovation and was the first company in Kuwait to offer a range of different types of investment funds.

Among Markaz's innovative products are the Mumtaz Fund, Kuwait's first equity fund and Forsa Fund, the first fund in the Middle East to issue and sell call options. Markaz is the first and so far only institution in the Middle-East to issue derivatives.

"An important element in the drive to market leadership is to create an environment that encourages learning and the sharing of knowledge. In this way we are looking to develop the business leaders of tomorrow," Ms. Six said.