That Al Salasil hosts book sign­ing of Faisal Al Ay­yar’s ‘Money and Sand’

Kuwait Times - - WHAT’S ON -

That Al Salasil book­store hosted the sign­ing cer­e­mony of ‘Money and Sand: Kuwaiti in­vest­ments be­tween the ham­mer of pol­i­tics and the anvil of mis­man­age­ment’, a book by the renowned Kuwaiti busi­ness­man, Mr Faisal Al Ay­yar. The cer­e­mony, held at the book­store’s branch at The Av­enues, was at­tended by peo­ple in­ter­ested in pol­i­tics and econ­omy, as well as me­dia per­son­al­i­ties.

The book, pub­lished in Ara­bic, dis­cusses in­vest­ment, com­mer­cial and fi­nan­cial cases that took place in Kuwait over the past four decades.

On this oc­ca­sion, Mr Faisal Al Ay­yar said:

“For sev­eral decades, I ob­served the in­vest­ments made by Kuwait both in the coun­try and abroad, and I found that there is much that the pub­lic are not aware of. This is why I took the ini­tia­tive to over­see this project, whereby a re­search team col­lected this in­for­ma­tion from dif­fer­ent sources and put it in one book. I hope that this gen­er­a­tion and the ones to come will learn from these cases.”

Mr Al Ay­yar added:

“The book dis­cusses a series of in­vest­ment cases in Kuwait over a pe­riod of time. These in­clude ‘K-Dow’, an ex­am­ple of the ef­fect of pol­i­tics on econ­omy; the ‘fourth re­fin­ery’ and the heavy price that is in­curred when projects are de­layed and stalled; and ‘Kuwait Air­ways’, where mil­lions were lost while other air­lines in the Gulf were prof­it­ing. These are some ex­am­ples that re­flect just how large an im­pact pol­i­tics can have on the in­vest­ment and fi­nan­cial de­ci­sion-mak­ing process.”

He fur­ther said:

“This re­search has con­firmed that po­lit­i­cal and eco­nomic de­ci­sion-mak­ing are in­ter­twined, and that in many cases no one was held ac­count­able de­spite the for­ma­tion of in­ves­ti­ga­tion com­mit­tees, the in­ter­ven­tion of the prose­cu­tion and the me­dia ex­po­sure. Hav­ing said that, read­ers will no doubt be proud of the many suc­cess sto­ries and the sound strate­gic de­ci­sions that were taken, as well as the peo­ple who stood up for what is right re­gard­less of the out­comes.”

‘Money and Sand: Kuwaiti in­vest­ments be­tween the ham­mer of pol­i­tics and the anvil of mis­man­age­ment’ is a pub­li­ca­tion of That Al Salasil Pub­lish­ing.

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