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  1. #1
    madunix is offline Newbie
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    Default can you pls check this if its correct written

    Hailed as one of the region’s most progressive economies, kuwait is making a name for itself in the international investment scene as the region’s most dynamic and sound investment environment.


    Rising above the turmoil of its neighbors, Kuwait has beat the odds with continued growth year-over-year in the investment sector; maintaining a stable currency and political climate.


    Helping to win those successes, the Kuwaiti Government and its branches have worked diligently to achieve the most liberal investment laws possible.


    Thanks to that diligence, the rules and regulations governing investments in kuwait now are unbiased, advantageous and adhere to international standards. There is no ceiling for ownership, no money control for transfers and no capital gains or dividend taxes.


    Contributing to the climate, in the last decade, kuwait has reached a multitude of free trade agreements with countries around the globe, as well as joining the WTO in 2000, and the European Free Trade Association in 2001.


    Investors worldwide have noted these reforms as an imminent investment opportunity not to be passed by.


    In fact, non-Kuwaiti now own some 45% of these stocks, and IMF researchers propose that the Kuwaitis Capital Market is an excellent choice for investors looking to Arab markets for portfolio diversification.


    The depository center has taken on a special role in attracting investors to the market. We call this role “Business for Social Responsibility”. Business for Social Responsibility is our way of expressing the importance of operating profitably, while ethically.


    This role supports the depository center mission to play an integral part in building and maintaining a transparent, viable, fair, and efficient equities market in Kuwait that will inspire domestic and international investor confidence, and contribute to the wealth of the nation.
    The depository center of kuwait was established as a public utility institution by virtue of the Securities Law. The Securities Law separated the functions of the Financial Market (AFM) to create three separate entities.
    The depository center commenced operation 1990 and is the only entity in Kuwait legally empowered to perform the:

    • Registration of securities.
    • Deposit of securities.
    • Transfer of ownership and safekeeping of securities.
    • Clearance and settlement of securities transactions through the Delivery-versus-Payment method.

    The depository center is a vital body within the Capital Market as it holds the ownership register of all issued shares. It has been assigned, in cooperation with the stock exchange, the task of bringing about a qualitative leap in market efficiency.
    The depository center Members include public shareholding companies such as Banks, Insurance Companies, Service Companies, Industrial Companies, Public issuers, Brokers, and Custodians.
    In supporting Business for Social Responsibility, we provide a series of vital services to these members, investors and shareholders, including investor identification & account set up, statement of ownership balance, statements of account, pledging securities, freezing, online account viewing, statistical data, and a member’s area.
    But perhaps the most important role we play is in supporting transparency within the capital market, through an initiative we call “Data For All, Not just For Sale”.
    Data for All, Not just for Sale” was inspired from our goal of encouraging transparency within the market.
    In our pursuit, we soon realized that a significant obstacle to transparency was the lack of freely accessible information. And so, from this initiative, the depository center has created pages within itswebsite listing openly all essential information such as:

    • Companies’ Boards of Directors, ownership, and trades
    • Names of Investors holding a stake of above 5%
    • All Legally Required Information Regarding depository center Members





    MIS has been integrated within the framework of the depository center to operate as the heart of all our daily operations; providing our staff, members, investors and shareholders with support at every level.
    We have already seen the fruit of our dedication to our goal of building a transparent, viable, fair, and efficient equities market in Kuwait.
    Our major accomplishments can be seen in seven areas;
    1: Organization and Business Strategy
    2: Creating a Database of Issuers & Shareholders
    3: Shareholder Authentication and Central Registry
    4: Establishing Central Depository
    5: Account Structure & Implementation of Delivery-Versus-Payment
    6: Corporate Action and Market Support Services
    7: Providing Electronic Services through the Website.
    8: Business Continuity & Disaster Recovery Plans.




    We’re certainly pleased with the progress we’ve made thus far, but the depository center has many more steps to progress coming in the near future.
    In the coming years, we plan to add to the depository center:




    -
    An Electronic Document Management System.
    -
    Business Continuity & Disaster Recovery Plans.
    -
    Support services for regulatory authorities.
    -
    Bonds Processing.
    -
    Enabling the investor to view his portfolio through the depository center s’ website.
    -
    e- Payment method through the website.
    -
    Securities' Lending & Borrowing


    Thank you for letting us share our accomplishments with you, as we invite your participation in our many successes to come.




  2. #2
    tedtmc is offline Key Member
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    Default Re: can you pls check this if its correct written

    Hailed as one of the region’s most progressive economies, Kuwait is making a name for itself in the international investment scene as the region’s most dynamic and sound investment environment.
    Kuwait as an environent doesn't sound right. Maybe 'as providing the region's....environment or 'as home to the region's.....environment.


    Rising above the turmoil of its neighbors, Kuwait has beat (beaten) the odds with continued growth year-over-year(year after year) in the investment sector; maintaining a stable currency and political climate.


    Helping to win (achieve) those successes, the Kuwaiti Government and its branches(what branches? you mean 'embassies overseas?) have worked diligently to achieve the most liberal investment laws possible.


    Thanks to that diligence, the rules and regulations governing investments in kuwait(Kuwait) now are unbiased, advantageous and adhere to international standards (perhaps, also 'investor-friendly'). There is no ceiling for ownership, no money control for transfers and no capital gains or dividend taxes(no taxes on capital gains or dividents).


    Contributing to the climate, in the last decade, kuwait (Kuwait) has reached a multitude of free trade agreements with countries around the globe, as well as joining the WTO in 2000, and the European Free Trade Association in 2001.

    Investors worldwide have noted these reforms as an imminent(excellent) investment opportunity not to be passed by.


    In fact, non-Kuwaiti(s or foreign investors) now own some 45% of these stocks, and IMF researchers propose that the Kuwaitis Capital Market is an excellent choice for investors looking to Arab markets for portfolio diversification.


    The depository center has taken on a special role in attracting investors to the market. We call this role “Business for Social Responsibility”. Business for Social Responsibility is our way of expressing the importance of operating profitably, while ethically.


    This role supports the depository center mission to play an integral part in building and maintaining a transparent, viable, fair, and efficient equities market in Kuwait that will inspire domestic and international investor confidence, and contribute to the wealth of the nation.
    The depository center of Kuwait was established as a public utility institution by virtue of the Securities Law. The Securities Law separated(separates or has separated) the functions of the Financial Market (AFM) to(into) create three separate entities.
    The depository center commenced operation 1990 and is the only entity in Kuwait legally empowered to perform the following functions:

    Registration of securities.
    Deposit of securities.
    Transfer of ownership and safekeeping of securities.
    Clearance and settlement of securities transactions through the Delivery-versus-Payment method.

    The depository center is a vital body within the Capital Market as it holds(maintains?) the ownership register of all issued shares. It has been assigned, in cooperation with the stock exchange, the task of bringing about a qualitative leap in market efficiency.
    The depository center Members include public shareholding companies such as Banks, Insurance Companies, Service Companies, Industrial Companies, Public issuers, Brokers, and Custodians.
    In supporting Business for Social Responsibility, we provide a series of vital services to these members, investors and shareholders, including investor identification & account set up, statement of ownership balance, statements of account, pledging securities, freezing, online account viewing, statistical data, and a member’s area(? centre?).
    But perhaps the most important role we play is in supporting transparency within the capital market, through an initiative we call “Data For All, Not just For Sale”.
    “Data for All, Not just for Sale” was inspired from(by) our goal of encouraging transparency within the market. (the 'not just for sale' part of the tagline sounds strange to me)
    In our pursuit, we soon realized that a significant obstacle to transparency was the lack of freely accessible information. And so, from this initiative, the depository center has created pages within its website listing openly all essential information such as:

    Companies’ Boards of Directors, ownership, and trades
    Names of Investors holding a stake of above 5%
    All Legally Required Information Regarding depository center Members




    MIS has been integrated within the framework of the depository center to operate as the heart of all our daily operations; providing our staff, members, investors and shareholders with support at every level.
    We have already seen the fruit of our dedication to our goal of building a transparent, viable, fair, and efficient equities market in Kuwait.
    Our major accomplishments can be seen in seven areas;
    1: Organization and Business Strategy
    2: Creating a Database of Issuers & Shareholders
    3: Shareholder Authentication and Central Registry
    4: Establishing Central Depository
    5: Account Structure & Implementation of Delivery-Versus-Payment
    6: Corporate Action and Market Support Services
    7: Providing Electronic Services through the Website.
    8: Business Continuity & Disaster Recovery Plans.




    We’re (We are, for official documents)certainly pleased with the progress we’ve (we have) made thus far, but the depository center has many more steps to progress (has more plans in the pipeline) coming in the near future.

    In the coming years, we plan to add to the depository center:




    -
    An Electronic Document Management System.
    -
    Business Continuity & Disaster Recovery Plans.
    -
    Support services for regulatory authorities.
    -
    Bonds Processing.
    -
    Enabling the investor to view his portfolio through the depository center s’ website.
    -
    e- Payment method through the website.
    -
    Securities' Lending & Borrowing


    Thank you for letting us share our accomplishments with you, as we invite your participation in our many successes to come.
    Last edited by tedtmc; 10-Apr-2010 at 10:21.

  3. #3
    madunix is offline Newbie
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    Default Re: can you pls check this if its correct written

    Thanks

  4. #4
    RonBee's Avatar
    RonBee is offline Moderator
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    Default Re: can you pls check this if its correct written

    Note:
    .
    it's = it is






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