The Institute of Chartered Accountants of India, Kuwait Chapter (ICAIKC) proudly hosted its 4th Annual International Conference at the prestigious Salwa Sabah Conference Centre, delivering a vibrant platform for knowledge-sharing, networking, and collaboration. Themed “LEAP Into the Future Together,” with LEAP signifying Learn, Explore, Articulate, Prosper, the event showcased the evolving role of the accounting profession in a rapidly changing global landscape. The event was a great success with participation from over 400 members, 40 representatives from GCC and UK chapters of ICAI, as well as event sponsors.
An Inspiring Inauguration
The conference commenced with a traditional lighting of the lamp ceremony, symbolizing wisdom and prosperity. Distinguished dignitaries graced the occasion, including:
•H.E. Dr. Adarsh Swaika, Ambassador of India to Kuwait
•Mr. Meshal Al-Qahs, Assistant Undersecretary, Ministry of Finance
•Mr. Sabah Mubarak Al-Jalawi, Chairperson, Kuwait Accountants & Auditors Association (KAAA)
•CA Ranjeet Kumar Agarwal, President of ICAI
•CA Aditya Vikram Dhanuka, Chairperson of ICAIKC
CA Ketan Puri, the host of the event, guided the proceedings with finesse. The dignitaries, along with the office bearers of ICAIKC, jointly unveiled the conference souvenir, marking the beginning of a day filled with enriching discussions and insights.
Visionary Speeches and Key Announcements
In his welcome address, CA Aditya Vikram Dhanuka highlighted ICAIKC’s pivotal contributions to the professional community in Kuwait. He emphasized the Chapter’s role in fostering collaboration between India and Kuwait and announced the three upcoming landmark events:
1.ICAI World Forum of Accountants (WOFA) 2025, New Delhi, India (January 31 – February 2, 2025)
2.ICAI GCC Chapter Conference, Muscat, Oman (January 18 and 19, 2025)
3.1st Startup Conference between Kuwait and India, in collaboration with the Indian Embassy and GUST (December 8, 2024)
Strengthening India-Kuwait Ties
CA Rohit Agarwal, Vice-Chairperson of ICAIKC, welcomed H.E. Dr. Adarsh Swaika, who, in his address, lauded ICAIKC’s dynamic efforts in strengthening India-Kuwait relations. Reflecting on the conference’s theme, he remarked on its relevance in the current global context and expressed optimism about the growing synergy between the two nations. Similarly, Guest of Honor Mr. Meshal Al-Qahs and Special dignitary, Mr. Sabah Mubarak Al-Jalawi underscored the importance of professional collaborations and the integral role of accountants in Kuwait’s economic landscape. CA Sonia Enamakel and CA Umesh Soni were privileged to welcome these dignitaries for the event.
Insightful Sessions and Keynote Addresses
CA Sweta Chipra formally welcomed the keynote speaker, the highlight of the day, CA Ranjeet Kumar Agarwal, ICAI President, who discussed how technology—particularly Artificial Intelligence (AI)—is reshaping the accounting profession. His address set the stage for a series of engaging sessions that followed:
•Mr. Chetan Bhagat, celebrated author and speaker, who delivered a thought-provoking session on the importance of ethics, emphasizing the balance between personal aspirations and professional responsibilities. Mr. Bhagat reminded the audience that life is not solely about pursuing desires but also about embracing the responsibilities we ought to fulfil. It is in honouring these duties that we discover purpose and inner peace. Ethical living, he explained, is not about achieving perfection but navigating life's complexities with balance and honesty.
•Ms. Mai AlOwaish, CEO CINET, a leading expert in Data Analytics and AI, shared her insights on how data-driven decision-making is revolutionizing business strategies, urging organizations to adopt innovation for sustainable growth.
CA Bhavani Vikram Joshi and CA Andaleeb Girkar warmly welcomed these distinguished speakers to the event.
Recognizing Excellence
The conference honoured Chartered Accountants who completed 25 years in the profession, celebrating their enduring contributions. Sponsors of the event were also felicitated, highlighting the critical support that made the event a grand success. CA Nisha Jalan and CA Sonia Enamakel facilitated a smooth conduct of the memento distribution.
Engaging Panels and Discussions
A panel discussion moderated by CA Ketan Puri featured prominent leaders, including:
•Mr. Saleh Alshaya, President – Alyasra, Alshaya Group
•Mr. Basil Al Salem, CEO, Gastronomica ME
•Dr. Bader Alhashel, Group CRO, Boubyan Bank
The discussion explored opportunities and challenges in Kuwait’s economy, from shifting consumer trends to the transformative impact of AI and sustainability initiatives. Notable revelations included Gastronomica’s plans to introduce Indian cuisine to Kuwait and the potential for Indian fashion to thrive in the Kuwaiti market.
Economic Outlook and Market Insights
CA Joseph Peter welcomed the next speaker of the day, Dr. Khaled A. Mahdi, Associate Professor at Kuwait University, who provided an in-depth analysis of Kuwait’s Vision 2035, highlighting strategic plans for economic growth. Additionally, CA Anil Singhvi, stock market expert and Zee Business Managing Editor, shared invaluable insights into Indian capital markets during an interactive fireside chat with CA Sanjeev Agarwal, CEO of Protiviti. CA Sweta Chipra warmly welcomed both the guests for the insightful fireside chat, which captivated the entire audience.
Closing Highlights
The participants thoroughly enjoyed, the spectacular laser show, which added an element of entertainment to the intellectually stimulating event. Attendees left with renewed perspectives on the evolving accounting profession and its role in addressing global challenges.
The event concluded with a Vote of thanks delivered by CA Venkata Ramana Badida, Secretary of the ICAIKC where he thanked all the esteemed dignitaries, visionary leaders and speakers from Kuwait and India, Media partners, Hospitality partner, Event partner, Organising team members, and all the Sponsors for extending their generous support to this Conference.
•Title Sponsor: Cube Innovators
•Strategic sponsor: Ooredoo
•Platinum Sponsors: Humansoft, Boubyan Bank, Protiviti
•Gold Sponsors: KIPCO, Alghanim International, ABK, RSM, BDO, City Group, Warba Bank, Caesars Group, KAPICO, Deloitte, Alshaya Group
•Silver Sponsors: PKF, Advanced Technology Co., Bahrain Exchange Company, Jotun Paints, PWC, AlMailem Group, Al Sayer Franchising Co., Kout Food Group, Fourthsquare, EY, Jashanmal, Ali Alghanim & Sons Group, Metropolitan Premium Properties, Ali Alghanim Sons Automotive Company, GIG Takaful
•Annual Sponsors: Al Mulla Exchange, NBK
•Printing Partner: Sultan Printing Industries
•Gifting Partner: Bagsouq
A special thanks to Mr. Puneet Chaudhary CEO, Virtuous group, Mumbai - India for his invaluable support and time to this conference.
A Resounding Success
The ICAIKC’s 4th Annual International Conference was a resounding success, reinforcing the global prominence of Indian Chartered Accountants. The event not only showcased professional excellence but also strengthened the bond between India and Kuwait, paving the way for future collaborations.