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Burgan Bank Organizes a Health Awareness Workshop for its Staff in Cooperation with Kuwait Hospital

As part of its Prostate Cancer Awareness Month campaign, and in line with its social responsibility program Kuwait, December 1st, 2022  Burgan Bank organized a health awareness workshop on prostate cancer for its staff, in collaboration with Kuwait Hospital, as part of its activities for the month of November on prostate cancer awareness. Held at the Bank’s head office, the workshop aimed at spreading awareness among employees about the disease, and shedding light on ways to prevent it. This comes as part of Burgan's comprehensive social responsibility strategy, and its continuous efforts to ensure the welfare of its employees, as one of its main strategic pillars.  The workshop hosted Dr. Nasser AlQuraini, a Consultant of Family Medicine, Geriatrics, Geriatric Oncology and Palliative Medicine at Kuwait ......read more

Burgan Bank Concludes Participation in in PAHW Expo

As part of its financial literacy efforts in raising the public awareness on the Kuwaiti banking sector’s products and services in a bid to support the local economy                 Kuwait, November 28th, 2022:  Burgan Bank concluded its participation in the Public Authority for Housing Welfare (PAHW) Expo which hosted Kuwait’s local banks at the Authority’s headquarters, in an effort to introduce the institution’s staff to the diverse banking products and services available in Kuwait. Burgan Bank’s participation comes as part of its commitment to raising the public awareness on the banking sector’s products and services, as well as the banking solutions that serve their different needs – an effort that aims at propelling the local economy ......read more

Burgan Bank Pledges its Contribution to Ending Violence Against Women by Lighting its Headquarters in Orange

A testament to its commitment to its social responsibility strategy and women empowerment Kuwait, November 28th, 2022:  Burgan Bank announced its participation in the annual United Nations (UN) campaign, Orange the World, which spans two weeks in support of the United Nation’s (UN) comprehensive initiative for ending violence against women and girls. Similar to other state-owned buildings in Kuwait, the Bank will light its headquarters up in orange, in adherence and commitment to its social responsibility strategy. The Bank aims, among other goals, to empower women, end all forms of violence against them, and create an overarching positive change within Kuwait’s society. This also comes in support of the government’s efforts to achieve the fifth goal of the UN’s Sustainable Development Goals (SDGs), as ......read more

Ogilvy Celebrates a giant performance at this year's LIA's – Including awards for Global Network of the Year and Regional Network of the Year, Europe

November 23, 2022 — With 115 statues in total, including 3 Grand, Ogilvy earned the highly sought-after title of LIA Global Network of the Year. Three of the network’s regions were also awarded as Regional Network of the Year: Asia, South America and Europe.  Across EMEA, Ogilvy won 51 statues across six markets, with DAVID Madrid taking home the Regional Agency of the Year accolade. Impactful work from the region was championed with Golds being presented to campaigns for Dove’s ‘Toxic Influence’ and Relate’s ‘The Hornicultural Society’ by Ogilvy UK, Activision’s ‘Scratchboards’ and Burger King’s ‘Even more confusing times’ by DAVID Madrid. Further statues were won by Ogilvy Italy, Greece, Africa and South Africa.  Celebrating the success ......read more

Burgan Bank Participates in the 2022 ICITAIEE

In line with its holistic digital transformation strategy and efforts in advancing Kuwait’s banking sector Mr. Manaf Al-Menaifi Chief Strategic Planning and Monitoring Officer Kuwait, November 20th,2022:  Burgan Bank recently took part in the third edition of the International Virtual Conference on Innovation, Artificial Intelligence, Technology, and Entrepreneurship Ecosystem (ICITAIEE), which took place between November 15-17 2022, under the patronage of the Ministry of Finance in Kuwait, the Ministry of Finance in the UAE and in collaboration with Ecosystem Consultants, the Global Entrepreneurship Network (GEN), and NEST. This comes as part of the Bank’s active role in the national efforts towards digital transformation, especially with regards to the digitization of the Kuwaiti banking ......read more

Burgan Bank Organizes a Diabetes Awareness and Prevention Campaign

Maintaining its commitment to promoting the health and well-being of its employees   Employees taking part in the awareness initative Kuwait, 19 November 2022:  Burgan Bank has organized a diabetes awareness and prevention campaign for its employees, marking World Diabetes Day, acknowledged annually worldwide on November 14th. This initiative falls under the Bank’s social responsibility program and aims at educating employees about the health problems and complications related to diabetes, the key means of preventing this disease, and the best ways to live better with it. Burgan bank has also collaborated with Al-Mutawa Pharmacies to provide diabetes testing for the staff at the head office, and to deliver an awareness lecture.  Commenting on the campaign’s activities, Mrs. Reema Al-Asbahi, Senior Manager ......read more

Panasonic Reaffirms Commitment To Kuwaiti Market as It Extends Partnership With Easa Hussain Al Yousifi & Sons Co.

Easa Husain Al-Yousifi & Sons Co. recognized as MEA’s top distributor of ventilation fans for 2021 by Panasonic   Panasonic Electric Works Middle East & Africa (PEWMEA), a division of Panasonic Marketing Middle East and Africa FZE (PMMAF), is pleased to announce that it is extending its partnership with local distributor Easa Husain Al-Yousifi & Sons Co. (EHY). This development will see the Japanese manufacturer expanding its Indoor Air Quality (IAQ) business in the country with new product launches designed to make Kuwaiti homes, public premises, and businesses a healthy and convenient ecosystem.   Formalized during a Business Partner Appreciation gathering hosted by Panasonic, the extended alliance builds upon a strong and long-term strategic relationship between the two companies spanning more than 60 ......read more

Burgan Bank Organizes a Health Awareness Workshop for its Staff in Cooperation with Wara Hospital

As part of its Prostate Cancer Awareness Month campaign, and in line with its social responsibility program Dr. Mohamed Abdel Mohsen Al-Ghanim during the workshop Kuwait, 16th November 2022:  Burgan Bank organized a health awareness workshop on prostate cancer for its staff, in collaboration with Wara Hospital, as part of its activities for the month of November on prostate cancer awareness. Held at the Bank’s head office, the workshop aimed at spreading awareness among employees about the disease, and shedding light on ways to prevent it. This comes as part of Burgan's comprehensive social responsibility strategy, and its continuous efforts to ensure the welfare of its employees, as one of its main strategic pillars. The workshop hosted Dr. Mohamed Abdel Mohsen Al-Ghanim, a Consultant Urologist and German ......read more

Burgan Bank Sponsors the Second Competition of the Kuwaiti Equestrian Federation Tour

Ms. Shamayel Khaled Al-Harbi, Senior Officer – Social Media at Burgan Bank, with the winners. Kuwait, November 15th, 2022:  Burgan Bank has sponsored the second competition of the Kuwait Equestrian Federation (KEF) Tour for the 2022-2023 showjumping season, which was held at the Kuwait Riding Center (KRC) venue. The sponsorship falls under the umbrella of the Bank’s comprehensive social responsibility program which focuses on promoting and reinforcing the sports culture in Kuwait. On the first day of the league’s second competition, equestrian Abdulrahman Alfuzae was able to take first place, followed by the equestrians Ali AlKhorafi and Latifa Alhajeri in second and third places, respectively. On the second day, equestrian Ali AlKhorafi won first place, followed by Antonio Murruzzu in second and Abdulrahman ......read more

EY: MENA Region Records 524 M&A Deals Worth US$55.2 billion in 9M 2022

• Top five MENA target countries by deal value were UAE, Egypt, Saudi Arabia, Morocco and Oman • Domestic deals driving M&A activity in region, making up more than half of deal volume in first nine months of the year • Deal activity fueled by business-friendly reforms, rising oil prices and the easing of government travel restrictions   14 November 2022: The MENA region witnessed 524 deals worth US$55.2 billion during the first nine months of the year, according to the latest EY MENA M&A Insights report.   Rising inflationary pressures, dampening economic demand and global market disruptions resulted in moderate growth in deal activity of 6% year-on-year (YoY) while deal value slipped by 23% over the same period last year.   According to the report, domestic deals were the ......read more

Burgan Bank Concluded its Sponsorship of the “Fall Festival” in Partnership with Dar Al-Athar Al-Islamiya's

As part of its social responsibility efforts to foster the cultural scene and support Kuwaiti entrepreneurs   Kuwait, 14th November 2022:  Burgan Bank concluded its sponsorship of Dar Al-Athar Al-Islamiya’s cultural Fall Festival which took place at Yarmouk Cultural Center. The sponsorship comes as part of the Bank’s comprehensive social responsibility program, and in support of enhancing and enriching the arts and cultural scene in Kuwait. Dar Al-Athar’s annual event consists of numerous live music acts, theatre performances, and children’s activities, in addition to hosting a diverse group of entrepreneurs to display their products and services.  Commenting on the occasion, Senior Manager - Corporate and CSR Communications at Burgan Bank, Ms. Hessa Hussain Al-Najadah said: “We ......read more

Burgan Bank Launches New Concierge Services in Partnership with Peacock Concierge

Providing customers with the most prestigious banking experience   Kuwait - 12, November 2022:  Burgan Bank announced its partnership with Peacock Concierge to extend the range of benefits provided to Burgan Bank’s Premier, Private Banking, Corporate, and Haiba customers. The partnership marks a major leap in the premium quality of services offered by the bank to its elite customers.  Burgan Bank’s eligible customers can enjoy a wide range of convenient concierge services that include the renewal of governmental documents, renewal of civil ID and passport, roadside assistance, car maintenance and much more which are offered 24 hours a day, 365 days a year. In addition to an exclusive valet service at locations such as Salhiya Mall, The Assima Mall, 360 Mall, Bloomingdales – 360 Mall, The Avenues ......read more

Burgan Bank Organizes Hands-On Training Program for Young Kuwaiti Professionals

Ms. Zahra Boarki, Development Manager at Burgan Bank Kuwait, November 10th, 2022:  Burgan Bank recently hosted a group of undergraduate students to take part in a developmental journey across the Bank’s different departments. This initiative brought together 20 Kuwaiti students from the Public Authority for Applied Education and Training (PAAET), the Public Authority of Manpower, as well as private universities in  Kuwait, and abroad, who completed a program of on-ground training covering multiple functions and roles. During the training program, the trainees were able to acquire knowledge about the latest methods and models adopted in both the strategic and operational fields of banking management and organization. The program’s goal was providing them with the opportunity to train on the curriculum ......read more

Burgan Bank Concludes its First Padel Tournament Following Diverse Participation

Kuwait - November 7th, 2022:  Burgan Bank has concluded its first ever Padel Tournament, which took place at El Padel Academy on November 3 over the course of three excitement-filled days. A total of 192 groups took part in the tournament, spanning seven categories for over 50 men, pros and amateurs, men and women, under the age of 16.    The tournament was an exceptional event and a unique experience, for the participants, the attendees and their families, thanks to the excellent planning and execution of the Burgan Bank Team.     After fierce competition, the following winners were crowned:    - Over 50 Men Category:   1st place: Ahcene Bouzidani and Mohamed Mahmoudi  2nd place: Yousif Albehbehani and Emad  Dashti     - Under 16 ......read more

Burgan Bank Launches Double Your Rewards with limited edition Visa Platinum Credit Card

Kuwait, 1st November 2022:  Burgan Bank has issued a special, limited edition credit card- “World cup Visa Platinum Credit Card”, to celebrate the international sports event which is taking place in the region for the first time. The card will offer customers the chance to double their Burgan Rewards points with every transaction carried out during the months of November and December, whether at retail points of sale or online both locally and abroad.  The eight-weeks campaign, which runs from November 1st to December 31st, 2022, will give customers the chance to double their rewards for every KD1 spent, excluding cash withdrawals. Speaking about this campaign, Mr. Saket Jajoo, Head of Cards at Burgan Bank, said: “Issuing this card is a big part of our ongoing efforts to join our customers in celebrating ......read more

Burgan Bank Renews its Sponsorship of the Kuwait Equestrian Federation Tour for the Second Consecutive Year

Under the umbrella of its social responsibility program and its support for the sports culture in Kuwait Mrs. Kholoud Rida AlFeeli, Group Head-Corporate Communications at Burgan Bank Ms. Nabila Al-Ali, Secretary General of KEF Kuwait, 31st October 2022:  Burgan Bank announced that it will be sponsoring the Grand Prix of the Kuwait Equestrian Federation (KEF) Tour during the showjumping season 2022-2023, set to take place over the course of eight events at the Kuwait Riding Center (KRC) venue. The sponsorship renewal comes as part of the Bank’s comprehensive social responsibility program which focuses on promoting and reinforcing the sports culture in Kuwait for its important role in social development.  The start of the tour at the Kuwait Riding Center (KRC) venue Burgan’s sponsorship of the KEF Tour ......read more

LG Announces Third-Quarter 2022 Financial Results

Strong Demand for Premium LG Home Appliances and Auto Parts Drives Highest Quarterly Revenue in Company History October 28, 2022 – LG Electronics Inc. (LG) announced third-quarter 2022 consolidated revenues of KRW 21.2 trillion, an increase of 14.1 percent from the same quarter last year and the highest quarterly revenue in the history of LG Electronics. Operating profit for the third quarter was KRW 746.6 billion, 25.1 percent higher than the same quarter last year. For the third quarter, the company recorded growth of revenues driven by increased sales of premium home appliances including new appliance categories and automotive parts. However, considering one-off costs incurred last year, operating profit declined due to weak demand caused by the global economic slowdown. The LG Home Appliance & Air Solution ......read more

United Real Estate Company Shareholders Approve the Merger with United Towers Holding Company and Al Dhiyafa Holding Company

Kuwait City – 27, October 2022: The shareholders of the United Real Estate Company (URC), a leading real estate developer in Kuwait and the MENA region, have approved the company’s merger with United Towers Holding Company (UTHC) and Al Dhiyafa Holding Company (DHC) at The Extraordinary General Assembly held on October 24, 2022. The shareholders also agreed to increase the company’s capital by about KD 24.3 million from KD 118.8 million to KD 143.1 million, by issuing 242.6 million ordinary shares at nominal value. 184.2 million shares of the shareholders’ increase will be allotted to the shareholders of UTHC and DHC at a share exchange rate of 0.64 new shares in URC for every share in UTHC. Also, 58.3 million shares will be allotted to the shareholders of Al Dhiyafa Holding Company at a share exchange ......read more

Burgan Bank Hosts Media Icon Bibi Alkhudari as Part of its ‘Burgan Talk' Program Launch

Mr. Bashar Al-Qattan, Manager of Talent Empowerment at Burgan Bank Kuwait, 25 October 2022:  Burgan Bank recently launched ‘Burgan Talk’, an internal series of interactive talks and guest seminars starting off with the journalist and media figure Bibi Al-Khudari. The interactive program comes as part of Burgan’s efforts to enrich the Bank’s internal culture and invest in the professional and personal development of its employees. During the event which took place at the Bank’s head office, Al-Khudari spoke of her own experiences, including her long-fought journey towards success and the challenges she’s faced throughout her career. She also laid out her own views on how to overcome obstacles in life, both professionally and personally. She also touched on a number of interesting topics ......read more

Burgan Bank Launches “Apply Now” Feature Across its Digital Channels

As part of the Bank’s digitally-focused innovation strategy and in an effort to elevate the customer’s banking experience Kuwait, 24th October 2022:  Burgan Bank recently announced the launch of its latest digital service, Apply Now, which enables existing and prospective customers to apply for Burgan’s products and services digitally with total ease. With this new feature, customers can submit applications for new services online, either through the Bank’s online banking platform (online.burgan.com) or through the Bank’s Mobile Banking application available for all smart devices.  With this new service enhancement, Burgan customers no longer need to visit branches to submit applications. Rather, existing and prospective customers can now save a lot of time and effort by using the Apply Now ......read more

Burgan Bank Enhances its Financial Management Services with a Cash Management Mobile App

As part of its continuous efforts to digitize its banking solutions and enable customers to conduct their transactions with more ease     Kuwait, 23rd October 2022:  Burgan Bank recently announced the launch of its cash management app for smartphones, which enables its corporate customers to manage most of its banking activities on a secure, digital platform. This step comes in the context of Burgan's strategy to promote the digital transformation of all its services across various sectors, especially the corporate sector.   Through the application, the Bank’s large corporate customers, as well as small and medium-sized companies, can manage their accounts quickly and easily from anywhere using their smart devices supported by Android or iOS systems. This application, with its convenient and ......read more

Burgan Bank Sponsors and Participates in the 2022 Australian University in Kuwait Employment Fair

In line with its strategy for supporting local talents and investing sustainably in its national human capital   The Burgan Bank team at the Career Fair Kuwait - 24, October 2022:  Burgan Bank recently sponsored the 2022 Australian University in Kuwait (AU) career fair, which took place on October 16th and 17th, 2022. Burgan Bank participated in the fair by interviewing applicants and selecting the most qualified young talents for the program, with the aim of recruiting them into the right position as soon as they graduate. This kind of initiative guarantees the best possible beginning for the graduates in their professional careers within the banking sector. Through this sponsorship and participation, Burgan Bank seeks to enable and empower aspiring young professionals in Kuwait; enlisting their capable, fresh minds to ......read more

Burgan Bank Announces Positive Results for the First Nine Months of 2022

Posting KD 166 million in Revenues and a Net Income of KD 41.2 million over the course of nine months Kuwait, 22 October 2022: Burgan Bank announced its financial results for the nine-month period ended September 30, 2022, reporting Revenues of KD 166 million, driven mainly by a Net Interest Income growth of 12.8% year-on-year.  The increase in Net Interest Income came as a result of a 20bps improvement in the Net Interest Margins, which grew to 2.3%. Operating expenses came in marginally higher at KD 75.5 million compared to the same period of 2021, due to the current inflationary environment.  On the other hand, the Bank’s provision charges decreased significantly from KD 47.2 million over the first nine months in 2021, to KD 13.4 million in the first nine months of 2022, marking an improvement of 71.6%. ......read more

Burgan Bank Sponsors the 9th eGovernment Forum (EGOV9)

In support for government efforts and in line with the Bank’s technological development strategy  Kuwait, 18th October 2022: Burgan Bank announced its sponsorship of the 9th eGovernment Forum (EGOV9), in collaboration with event organizer NoufEXPO for Exhibitions and Conferencing, and under the auspices of Her Excellency, Dr. Rana Al-Fares, Minister of State for Municipal Affairs and Minister of State for Communications and Information Technology Affairs. The event is set to take place with the participation of various government agencies, as well as many private sector companies, and numerous other institutions involved in the development of Kuwait’s e-government project. The forum, taking place under the slogan “The eGovernment is the Cornerstone of Comprehensive Development Renaissance”, is set ......read more

Pret A Manger Opens First Shop In Kuwait With Franchise Partner One PM

Iconic British food and coffee brand to open flagship shop in the heart of Kuwait City at Al Hamra Tower Kuwait, October 17, 2022 - Pret A Manger has officially opened its first shop in Kuwait today, in partnership with  Kuwait-based franchise group One PM Franchising. This marks a major milestone in the global brand’s expansion in the Middle East.  The shop is located in the heart of the capital at - Al Hamra Business Tower. The flagship shop will serve a carefully curated menu of freshly made food prepared in the shop’s on-site kitchen daily. All ingredients are seasonally fresh and locally-sourced where possible, with all food prepared and sold based on Pret’s strict ‘made today, sold today’ commitment.  To celebrate the first Pret in Kuwait Her Excellency Belinda Lewis, British ......read more

Burgan Bank Takes Part in KBA's 80 Years of Banking Evening Reception in Washington, DC

Held on the occasion of the Annual IMF Meetings Kuwait, 17 October 2022: Burgan Bank recently took part in the Kuwait Banking Association evening reception in Washington, DC, which was held on the sidelines of the 2022 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG). The event took place under the patronage of his Excellency the Minister of Finance, Mr. Abdulwahab Muhammad Al Rashid, and his Excellency the Governor of Central Bank of Kuwait, Mr. Basel A. Al-Haroon, in celebration of 80 years of banking in Kuwait.  The Burgan Bank delegation was headed by a number of senior executive members of the Bank’s leadership team, including: Mohammad Al-Zanki, Head of Corporate Banking; Abdullah Marafie, Chief Treasury Officer; Dalal Al Sane, Head of Investment Banking; and Qutaibah Ahmad Al ......read more

Burgan Bank Launches the Academic Scholarship Program

Reinforcing its Investment in the Professional Development of National Talents Kuwait, 15th October 2022: Burgan Bank has recently launched a new academic scholarship program to reinforce its commitment to developing national talents’ competencies and capabilities. This program reflects Burgan’s ongoing and targeted efforts to promote the growth and advancement of its human capital, especially Kuwaiti talents. Under the program, ten high-performing employees were selected from various departments to receive a full scholarship that will facilitate the completion of their graduate studies.  Speaking about the Bank’s long-term investment in its human capital, Mr. Raed Abdullah Al-Haqhaq, Deputy Group Chief Executive Officer & CEO – Kuwait at Burgan Bank said “We remain committed towards ......read more

Burgan Bank Launches its First Ever Padel Tournament

As part of its social responsibility program and major milestone in the Bank’s sports program Kuwait, 11 October 2022: Burgan Bank announced the launch of the inaugural Burgan Bank Padel Tournament, a large professional-scale tournament open to the public. This event marks a major milestone in the Bank’s sports-focused component of social responsibility strategy – as the Bank continues to seek to champion and foster a stronger sports culture in Kuwait.  The tournament is set to take place at El Padel Academy, situated at a prime location on Arabian Gulf Street, which comprises more than 22 fully-equipped open courts - all designed in adherence to the highest industry standards and complemented with a comprehensive range of facilities that fulfill the athletes’ needs. The padel tournament is designed ......read more

.Burgan Bank Announces the Name of the Quarterly Draw Winner of Kanz Account.

Kuwait – 10th October 2022: Burgan Bank announced today the name of the lucky winner of the Kanz account quarterly draw, who will take home a KD 25,000 cash-prize. All Kanz customers who maintain a minimum balance of KD 5,000 for at least one month before the draw date are included in the draw, and their chances of winning increase with higher deposits.    The lucky winner is:  - ROZAT JEEVA ALI   In addition to the quarterly draw, Burgan Bank also offers a monthly draw with chances to win KD 1,000 for 20 winners, a semi-annual KD 350,000 prize and a mega annual prize of KD 1,500,000. Kanz account also offers higher chances of winning with the one of its kind branch-specific prize of KD 5,000 for 29 lucky winners annually. Kanz Account is accessible to any individual and can be opened in Kuwaiti ......read more

Al Ahli Bank of Kuwait Offers Distinctive Benefits to VIP Customers with its New Visa Infinite Privilege Credit Card

Cardholders are now able to access a number of selected features, benefits and services through the new credit card Kuwait, 5 October 2022: Al Ahli Bank of Kuwait (ABK) is launching a new invitation based credit card, which enables its Private Banking customers to enjoy a number of unique features, benefits, and services to enjoy. Visa Infinite Privilege credit cardholders can experience memorable stays at selected luxury hotels at superior rates, utilizing special rewards and privileges offered to Gold members of the Jumeirah Sirius Loyalty Program. Moreover, consumers are granted access to a personal lifestyle manager and the world’s best global concierge services provided by ‘Quintessentially’.  Other features include a complimentary International Associate Clubs (IAC) membership that provides access to ......read more

ABK and Emirates Skywards Commemorate 20 Years Of An Exceptional Relationship

Kuwait, 4 October 2022: Al Ahli Bank of Kuwait (ABK) and Emirates Skywards, the award-winning loyalty programme of Emirates and flydubai, mark 20 years of strategic partnership this year. In celebration of this landmark occasion, ABK is launching a special television commercial (TVC) “Only good things last” demonstrating the strength and longevity of the partnership that continues to offer customers seamless travel experiences and rewards . The TVC showcases other good things that last while comparing them with the solid 20-year run of ABK & Emirates Skywards.   The ABK Emirates Visa Cards provide customers access to an expansive array of benefits that are specifically curated for premium customers and guarantee rewards, recognition and a regular stream of benefits, features and services. As ABK Emirates ......read more

Burgan Bank Celebrates the Graduation of Retail Academy Trainees

As part of its long-term strategy for empowering its human resources and developing their competencies and skills Kuwait, 2nd October 2022: Burgan Bank recently celebrated the graduation of a new batch of its employee trainees from the Burgan Retail Academy. The new batch of trainees completed two practical training programs, Customer Service Officers and Customer Relationship Officers, whereby both programs covered a number of important training modules in specific areas of banking customer service. This training initiative comes as part of Burgan Bank’s ongoing efforts to empower employees to advance in their professional careers in and beyond the Bank – with the help of both academic and practical development opportunities. This batch’s trainees, all 14 of them, were able to receive professional practical ......read more

Burgan Bank Sponsors Omar Khairat's Concert at The Arena Kuwait

Kuwait, 27th September 2022: Burgan Bank is sponsoring the concert of the legendary musician Omar Khairat at The Arena Kuwait (TAK), set to take place on the 7th of October, in an initiative that reaffirms Burgan’s commitment to actively take part in enriching Kuwait’s art and culture scene. This sponsorship is part of the Bank’s comprehensive social responsibility program, which includes patronizing the most prestigious and high-profile cultural events in Kuwait.  Ms. Hessa Hussain Al-Najadah, Senior Manager – Corporate & CSR Communications at Burgan Bank, expressed her joy at sponsoring an icon of music in the Arab world and hosting him once more in Kuwait after a four-year-long hiatus. Al-Najadah further confirmed the Bank’s commitment to supporting creative artistic endeavors for the purpose ......read more

Burgan Introduces the “Electronic Know Your Customer” Feature

In line with its ongoing digital transformation strategy Kuwait, 20th September 2022: Burgan Bank recently launched its latest digital service, the “Electronic Know Your Customer” (eKYC) form, which allows customers to seamlessly update their personal information through Burgan Bank’s digital platform in their own comfort without the need to visit the branches physically. This step comes in line with the Bank’s strategy to develop innovative digital solutions for customers that respond to their needs and make their banking transactions more convenient than ever before. Under this new eKYC service, Burgan Bank customers will be able to update their personal information simply via internet banking (online.burgan.com) a safer and faster alternative to completing the form physically at the Bank’s ......read more

Burgan Bank Announces the Names of the Monthly Draw Winners of Kanz Account.

Kuwait, 3rd September 2022: Burgan Bank announced today the names of the Kanz account monthly draw winners, who will each take home a KD 1,000 cash-prize. All Kanz customers who maintain a minimum balance of KD 200 for at least one week before the draw date, are included in the draw, and their chances of winning increase with higher deposits.    The 20 lucky winners are:  • ABBAS HASAN GHADDAR • ABEER SHNAWAH TAHER • AMIR ABDULHAMEED AlSAYEGH • BORHAN ESFANDIYAR  KAMALI • DANIELLE MORRIS • ELIE TAMER DEAIBES • HADI FAHAD ALAJMI • HASAN ALI ALSHATTI • SHAIKHA HESSAH MOHAMMAD ALSABAH • HUSAIN MOHAMMAD ABOU ZRAA • KHALID AHMAD ALAJMI • MAHA ELIAN KARDOUS • MAHDI BADAA AL GHADBAN • MAHER SHAKER ......read more

Burgan Bank Rolls Out New Sustainability Initiatives at its Head Office

As part of the Bank’s ESG strategies   Eng. Saud Abdulaziz Al Hadbah - Head of General Services & Administration at Burgan Bank Kuwait - 31st, August 2022:  Burgan Bank continues to roll out a program of environmentally friendly sustainability initiatives at its head office, adopting a series of new procedures promoting recycling, energy preservation and renewable energy sources. This comes as part of Burgan’s environmental, social, and governance (ESG) strategies and in line with its comprehensive social responsibility mission, as the Bank seeks to take preemptive steps towards overcoming environmental threats.  As part of these initiatives, Burgan Bank General Services & Administration Department distributed recycling bins on all floors in the head office building. Additionally, a ......read more

Bayan Medical certified as a Great Place to Work

Becoming the first medical company in Kuwait to earn the certification Kuwait, August 29, 2022 - Bayan Medical recently announced that it has been certified as a Great Place to Work® after a thorough and independent analysis conducted by Great Place to Work® Middle East. With that, Bayan Medical becomes the first medical company in Kuwait to earn the international certification, and it is now among a list of top brands globally to have received this award. The company earned the coveted title after 100% participation in anonymous surveys by Trust Index Survey that evaluated employee satisfaction across several areas.  Commenting on the certification, Bayan Medical's CEO, Dr. Mohammed AlQemlas, said: “We are extremely proud of this amazing achievement, which accentuates Bayan’s dedication to make its ......read more

Burgan Bank Launches the Risk Culture and Conduct Framework Workshop to Empower Employees

In line with the Bank’s efforts to ensure compliance with global best practice and regulatory standards   Burgan Bank team participating in the first Risk Culture and Conduct Framework workshop Kuwait, 24th August 2022:  Burgan Bank recently launched its first Risk Culture and Conduct Framework workshop. The first of its kind initiatives aimed at bolstering the risk culture amongst the Bank’s staff, in addition to instituting policies and procedures to reinforce risk management across departments and divisions. The program’s inaugural workshop tackled the top practical methods for enabling sound governance procedures during the times of crisis faced by banks and the banking sector at large in adherence to world class risk management practices. This initiative took place as part of the Bank’s ......read more

Kout Food Group Is the First in Kuwait to Be Awarded Brc Global Standard(Brcgs) Certification for High-Quality Storage & Distribution Practices

First Distribution Center in Kuwait and seventh in the GCC to have been certified as ‘Grade A’  Kuwait - 24 August 2022: Raising the bar on international standards for safety and quality practices in the food industry, Kout Food Group, a leading restaurant franchise operator in Kuwait, was recently awarded the BRC Global Standard (BRCGS) certificate. Managing and operating internationally recognized brands such as Burger King, Subway, Pizza Hut, Taco Bell, Applebee's, as well as local outlets such as Fley Fley, Fol O Yasmine, Scoop a Cone and Ayyame, Kout Food Group’s warehouse distribution center is the first in Kuwait to have been certified as ‘Grade A’ for storage and distribution.  Kout Food Group held an event at its distribution center, strategically located in Sulaibiya, to ......read more

Lenovo Group: First Quarter Results 2022/23

Lenovo delivers ninth straight quarter of improved revenue and profitability and the largest market share in the Gulf at 27.6%    Dubai, August 18, 2022– Lenovo Group (HKSE: 992) (ADR: LNVGY) today announced strong first quarter results for the Group, improving both revenue and profitability for the ninth consecutive quarter. First quarter net income grew 11% year-on-year to US$516 million and 35% year-on-year to $556 million on a non-HKFRS [1] basis. Revenue grew to US$17 billion, up 5% year-on-year in constant currency.    The Group saw revenue from non-PC businesses reach 37%, demonstrating its services-led transformation strategy and persistent investments in diversifying the business have paid off and are driving future growth opportunities. These new growth engines of solutions and services, ......read more

Other Top Stories from Banking and Investments
 
Burgan Bank Announces the Winner of the Al-Thuraya Salary Account Monthly Draw…

Kuwait, 8th August 2022:  Burgan Bank announced today that Mr. HASAN AFET ALSHAMMARI is the lucky winner of the draw prize of Al-Thuraya Salary Account monthly draw.  The draw rewards new and existing customers who transfer their salary to Burgan Bank by offering them a chance to win KD 10,000 every month. Each account holder has one chance to enter the draw. The Al-Thuraya ......read more

Burgan Bank Announces the Names of the Monthly Draw Winners of Kanz Account…

Kuwait – 6th August 2022:  Burgan Bank announced today the names of the Kanz account monthly draw winners, who will each take home a KD 1,000 cash-prize. All Kanz customers who maintain a minimum balance of KD 200 for at least one week before the draw date, are included in the draw, and their chances of winning increase with higher deposits.    The 20 lucky winners ......read more

Burgan Bank Reports Strong H1'22 Results…

Posting an operating profit of KD 61.4 million and a net income of KD 27.2 million   Kuwait, 29th July 2022:  Burgan Bank announced its financial results for the first half of the year ended on June 30th 2022. The Bank’s reported revenues remained robust at KD 110.4 mn, mainly driven by a Net-interest income increase (+8.1 % y-o-y). Burgan’s Net interest margin also ......read more

Burgan Bank Continues its Support for the ‘Let's Be Aware' Financial Literacy Campaign'…

To promote financial literacy and banking awareness amongst bank customers and within the community at large Kuwait, 28th July 2022:  For the second year in a row, Burgan bank is continuing its support of the “Let's Be Aware” (Diraya) financial awareness campaign, sponsoring and participating in various internal and external activities. In line with the Bank’s social ......read more

Burgan Bank Launches Win for Qatar 2022 Campaign…

Rewarding its customers in celebration of the biggest sports event of the year    Kuwait, 26 July 2022:  Burgan Bank announced the launch of its Win for Qatar 2022 campaign for Burgan Visa credit cardholders, giving them the once in a life time opportunity to experience the World Cup in Qatar. The campaign gives Burgan customers the chance to enter three draws for FIFA packages ......read more

Burgan Bank Renews Exclusive Partnership with Grand Cinemas…

In line with the Bank’s efforts to enhance its customers’ banking experience   Mr. Naser Al Qaisi and Mr. Isaac Fahed during the signing of the partnership renewal agreement Kuwait, 26th July 2022: Burgan Bank announced that it has renewed its partnership with Grand Cinemas for the sixth consecutive year. Through this partnership, Burgan Bank customers will get the chance ......read more

Burgan Bank Celebrates the Graduation of its Retail Banking Academy Trainees…

As part of its HR and development strategy to invest in human capital   The Burgan Retail Banking Academy graduates during the ceremony Kuwait, 20 July 2022:  Burgan Bank recently celebrated the graduation of a new batch of trainees from its retail banking academy, whereby 39 employees received training in numerous practical skills using the latest training techniques. Out of ......read more

Burgan Bank Organizes its First Bowling Competition for Employees…

Encouraging an engaging work culture under its social responsibility program    The top three winners with a group of participants Kuwait, 19 July 2022:  Burgan Bank organized its first bowling competition for employees. The event was organized as part of Burgan’s social responsibility and the employees engagement programs. The competition also highlights the ......read more

Burgan Bank Sponsors KBA's First Padel Tournament…

In line with the Bank’s comprehensive social responsibility strategy and ongoing support of youth and sports activities   Dr. Hamad AlHasawi – Secretary General at Kuwait Banking Association, Mr. Masoud M. J. Hayat, Vice Chairman and Group CEO of Burgan Bank Group, and Ms. Kholoud AlFeeli, Group Head - Corporate Communications, with the Burgan team at the bank’s booth ......read more

Harbi Mahmoud Najdi Ahmad Wins KD 4000 in Burgan Bank's Value Account Draw…

Kuwait – 18th July 2022:  Burgan Bank today announced HARBI MAHMOUD NAJDI AHMAD as the winner of the Value Account KD 4000 draw. The winner expressed his excitement of winning the cash prize of KD 4,000. Dedicated to offer the best in-class services, Burgan Bank’s Value Account presents customers with exceptional features which were specifically designed to suit the needs of ......read more

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