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Burgan Bank announces names of the daily lucky winners of Yawmi account draw

Kuwait – 23 September 2018:  Burgan Bank, the second largest in terms of assets, announced today the names of the daily draw winners of its Yawmi account draw, each taking home a cash-prize of KD 5,000.   The lucky winners are:  HAYDAR HASAN ABDULLAH ALMUHANNA NASER ABDULAZIZ ABDULLAH ALAWADHI GHAZI MOHAMMAD ALKHALAF AHMAD YOUSEF HASAN ALHADDAD ABASS MAHMOUD SAEED In addition to the daily draw, Burgan Bank also offers a Quarterly Draw with more chances to win higher rewards, offering the chance to one lucky customer to win KD 125,000 every three months. The Yawmi Account offers Daily and Quarterly Draws, wherein the Quarterly Draw requires customers to maintain a minimum amount of KD 500 in their account for two months prior to the draw date. Additionally, every KD 10 in the account will ......read more

Burgan Bank Group Commenced Today its Rights Offering to raise up to KD62.55 million

Issuing up to 240.58 million shares at KD 0.260 per share Kuwait – September 19, 2018:   Burgan Bank, Kuwait’s second largest conventional bank by assets, announced today that it commenced its Capital Rights Offering process to raise up to KWD 62.55 million of additional capital. The subscription period will end on the 10th of October 2018. The Bank said that the Rights Offering consists of the issuance of 240,581,530 ordinary shares at an offer price of KWD 0.260 per share which includes a share premium of KWD 0.160 and represents an increase in the total number of issued shares from 2,259,418,470 shares to2,500,000,000  shares, and an increase of 10.6% in the existing issued share capital of the Bank. The net proceeds of the Rights Offering will be used to improve the Bank’s capital adequacy ......read more

Burgan Bank Group is currently not experiencing any material impact on its profitability

Mr. Al-Ajeel: “Our business model is solid and well prepared to handle volatility if it persists.”  Hedging strategy on investment in Burgan Turkey’s capital protects it against currency volatility   Kuwait, 18/September/2018: Burgan Bank Group (the Group) announced today that its Turkish subsidiary, Burgan Bank A.S. – Turkey (The Bank), remains vigilant with regards to the volatility in Turkey and is, at present, not witnessing any material impact on its profitability. The Group continues to closely monitor the effects of the recent volatility of the Turkish currency and the domestic interest rates and its impact on borrowers and on the economy in general. Mr. Majed Essa Al-Ajeel, Chairman of the Board of Burgan Bank Group, commented: “We are firm believers in the Turkish economy. Its ......read more

Burgan Bank Collaborates exclusively with Al Kazemi Travel & Tourism to Offer Exclusive Discounts

Kuwait - 15, September 2018:   Burgan Bank announced its latest exclusive partnership with Al Kazemi Travel & Tourism that will entitle its customers with an exclusive 10% discount on airline tickets. The new offer that is available on First, Business and Economy Class seats enables Burgan Bank customers to enjoy the experience of travelling without any hassle through its advantageous deals including highest quality tours, premium services and personalized assistance.  This agreement also grants free tickets to the followers of Burgan Bank’s on its social media platforms. The Al Kazemi Travel & Tourism have been operational for more than four decades, earning a reputable name both locally and regionally. And with this offer, Al Kazemi Travel & Tourism allow customers to reserve their tickets or ......read more

Burgan Bank Provides New Summer Trainees Modern Banking Experience

Kuwait- 25 August 2018:   Burgan Bank, a sought-after career destination providing opportunities for young achievers to shine and progress, recently selected and trained 20 interns’ girls and boys from secondary school during the summer. Organized by Burgan Bank’s Learning and Development Center, the annual summer training program for the year 2018, was an extensive two week course that included both practical and theoretical training aimed at equipping the youth with the necessary skills to advance in the world of banking. Aside from other multifaceted and dynamic training exercises throughout the rest of the year, this ongoing summer educational initiative is centered on its corporate social responsibility to train high-caliber youth and facilitate their role in the Kuwaiti community as resourceful and ......read more

Burgan Bank offers Free Eideya Delivery Service to Premier Banking Customers

Kuwait, 4 August 2018: Burgan Bank announced today the free Eideya Delivery service to Premier Banking Customers in collaboration with “Qiblah” company for concierge services. This service enables Premier Banking customers to receive new bank notes before the Eid holidays at their offices or homes, avoiding the hassle of waiting in the branches at that time of the year.  To request this service, Premier customers can simply contact Qiblah concierge services starting 9 am until 6 pm, by calling 22317755 or emailing Burganpremier@qiblah.com.kw to request the amount of Eid money required and state their address in order for the concierge messenger to deliver it accordingly noting that this service is available from 5th till 15th of August 2018 (Except Friday). It is worth mentioning that the Eideya delivery ......read more

Burgan Bank Contributes to the Integration of Children with Autism into Society through Support of Autism Partnership - Kuwait

Kuwait - 01 August 2018:   Burgan Bank, one of the leading contributors to social inclusion in Kuwait, reiterates its commitment to supporting Autism Partnership Kuwait (APK) for the Rehabilitation and treatment of Children with Autism Spectrum Disorder (ASD) through financial aid as it will reduce the heavy mental and financial burden of the parents and families. Burgan bank also strives through this Support to provide the necessary services and care based on worldwide proven therapeutic methodologies, in order to encourage those Children to achieve the highest degree of development, which enables them to complete the integration with their peers in the community. Driven to deliver meaningful contributions that will produce a lasting impact in the society, Burgan Bank seeks to generate wider awareness of Autism and the ......read more

Kuwait National Exchange Rebrands as Unimoni

Strengthens commitment to drive the financial empowerment of its customers in Kuwait in line with its future vision. Kuwait, 04 July 2018:   Kuwait National Exchange WLL, a leading money transfer and foreign currency exchange provider and a member of the UAE Exchange Group, announced its rebranding as “Unimoni”. This makes Kuwait the second country in the Group’s global network to adopt the Unimoni brand. Unimoni, short for “Universal Money”, will drive the agenda of providing a broad spectrum of innovative financial services across geographies, currencies and channels, enabling customers to achieve their financial ambitions.  Vivek P Nair, General Manager, Unimoni Kuwait, said, “We are excited to launch the Unimoni brand in Kuwait, in line with our group’s global vision ......read more

Global payment solutions leader EastNets partners with Kuwait's Boubyan bank to launch SWIFT gpi for faster cross-border payments

Dubai, UAE, June 6, 2018:  Leading provider of compliance, payment and cloud solutions, EastNets has announced its partnership with Kuwait’s Boubyan Bank to roll out SWIFT’s global payments innovation (gpi) service for its customers across the country. With the introduction of SWIFT gpi, Boubyan Bank will offer its customers high-speed cross-border payments with end to end tracking, transparency on bank fees and FX rates (Foreign Exchange), ultimately allowing the bank to credit payments to end beneficiaries within minutes, even seconds.  EastNets will assist Boubyan Bank in implementing SWIFT gpi without having to re-engineer the bank’s existing payment systems, thereby lowering the cost of ownership, decreasing time to market, reducing risks and providing greater payment efficiency. The roll-out of ......read more

KAMCO sponsors the 3rd Kuwait Debt Capital Markets Conference

Organized by Gulf Bond and Sukuk Association  Market participants are optimistic about the potential of the KD market  More than 100 senior executives, government officials, international and regional investors, and market participants attended the key conference   DUBAI, March 12, 2018 –   The Gulf Bond and Sukuk Association (GBSA), in partnership with KAMCO Investment Company and Dentons, held its third Kuwait Debt Capital Markets Conference at The Chairman’s Club in Kuwait. The invitation-only event gathered over 100 local and international market leaders as well as senior government officials.    Faisal Sarkhou, Chief Executive Officer, KAMCO Investment Company delivered the keynote address in which he stated, “As one of the leading debt capital market book ......read more

CBRE Group, Inc. Named a World's Most Admired Company by Fortune Magazine for Sixth Consecutive Year

Dubai, UAE, January 23, 2018:  CBRE Group, Inc. (NYSE:CBG) today announced that Fortune magazine has named the company a World’s Most Admired Company in the real estate industry for the sixth consecutive year.  Fortune rates companies on nine attributes related to corporate performance. In 2018, CBRE was ranked second overall in the real estate sector (behind only Host Hotels & Resorts) and was among the top three companies on all nine attributes, including global competitiveness, people management, financial strength and long-term investment.  “Our continued recognition as a Fortune Most Admired Company reflects our people’s deep commitment to excellence and producing great outcomes for our clients every day.  We are very proud of their accomplishments,” said Bob Sulentic, president ......read more

Credit FAQ Discusses Potential Implications Of Qatar Boycott For Gulf Cooperation Council Sovereigns

LONDON (S&P Global Ratings) Aug. 9, 2017:  In a Credit FAQ titled "Potential Implications Of Qatar Boycott For Gulf Cooperation Council Sovereigns," published today, S&P Global Ratings responds to questions that have surfaced in recent discussions with issuers and investors about the implications of the Qatar boycott by a group of states for the Gulf Cooperation Council (GCC) sovereigns. S&P Global Ratings believes that the impact of a group of states cutting diplomatic ties, as well as trade and transport links, with Qatar on June 5, 2017, may not be confined to within Qatar's borders. We expect that political tensions within the GCC will persist over the next few years, and believe that the boycott of Qatar has illustrated deeper fissures within the group than were previously evident. For the most ......read more

Trump, Opec the Key Drivers for Commodities

Bond yields, US stocks tumbled on post-Comey Trump crisis HG copper recovers as Chinese tightening prospects recede Soybeans, sugar and coffee all hit by Brazilian real's tumble Coffee plantation, Brazil: The political crisis in Brazil has impacted soybeans, sugar and coffee prices. By Ole Hansen The uncertainty related to the political future of US president Trump and his ability to pass his growth-friendly agenda continues to impact global markets. The latest storm engulfing his presidency was triggered by the sacking of FBI head Comey and the subsequent appointment of a special council to investigate potential links between Trump's presidential campaign aides and Russia.  Bond yields dropped while US stocks tumbled the most since September before recovering on stronger US economic data. Adding to this ......read more

Amazon to Acquire SOUQ.com

Dubai, UAE, March 29, 2017:  Amazon (AMZN) today announced that it has reached an agreement to acquire SOUQ.com, an e-commerce leader in the Middle East. Joining the Amazon family will enable SOUQ.com to continue growing while working with Amazon to bring even more products and offerings to customers worldwide. “Amazon’s entry into the region reflects the visionary foresight of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, who launched Dubai Internet City in 1999 and adopted the e-commerce and online business legislation of 2002," said His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. "Furthermore, it reiterates Dubai’s position as a regional and global hub for the world’s biggest and leading ......read more

MEIRA signs MOU with Boursa Kuwait in efforts to strengthen Middle East IR practice

Dubai, United Arab Emirates - March 28, 2017:  The Middle East Investor Relations Association (MEIRA) signed a Memorandum of Understanding (MOU) with Boursa Kuwait in efforts to raise awareness of the Investor Relations (IR) function across the region through collaboration initiatives at local levels. Alex MacDonald-Vitale, MEIRA Chairman, joined Mr. Khaled AlKhaled, Boursa Kuwait Vice Chairman and CEO, on the panel table at Boursa Kuwait headquarters on Thursday 23 March to mark the start of this agreement.  MEIRA is a not-for-profit organisation that aims to promote IR best practice throughout the Middle East. Through this partnership, Boursa Kuwait will be playing a leading role in the support of the ‘MEIRA Kuwait Chapter’ and linking the organization to relevant stakeholders, while rolling out its various ......read more

ASAR – Al Ruwayeh & Partners acts as Kuwait legal counsel for the State of Kuwait's GMTN Programme and inaugural dual-tranche US$8 billion issuance

Kuwait – 20 March, 2016: ASAR - Al Ruwayeh & Partners (ASAR), Kuwait’s leading and most prominent corporate law firm, and one of the region’s top tier law firms, is pleased to have acted as Kuwait law counsel to the State of Kuwait, acting through the Ministry of Finance and represented by the Kuwait Investment Authority, on the establishment of its Global Medium Term Note (GMTN) Programme and Kuwait's inaugural dual-tranche, US dollar-denominated international debt capital markets issuance thereunder.  The Notes were issued on 20 March 2017 and were comprised of US$3.5bn 2.75 per cent. Notes due 2022 and US$4.5bn 3.50 per cent. Notes due 2027. The Notes were offered and sold in reliance on Rule 144A and Regulation S and were admitted to trading on the Irish Stock Exchange and the London Stock Exchange. ......read more

The Kuwait Financial Forum will be held on 4-5 April: The Banking Sector in GCC against a Backdrop of Economic Change

Under the patronage of His Highness the Emir of Kuwait and the attendance of His Excellency the Deputy Prime Minister, Minister of Finance A dialogue platform between financial and economic policymakers and the banking sector leadership Timely topics, that covers Islamic banking industry, technology, digital services, and the Kuwait Development Plan Kuwait –March 13, 2017: Under the patronage of His Highness the Emir of Kuwait, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, represented by His Excellency Anas Khalid Al-Saleh, Deputy Prime Minister and Minister of Finance, the Kuwait Banking Association is organizing the Kuwait Financial Forum on April 4 and 5, 2017 in cooperation with the Al-Iktissad Wal Aamal Group. Set to be held at the Sheraton Hotel in Kuwait City, this event is expected to act as a benchmark item on the ......read more

Zain Kuwait enters three-year application development and modernization contract with Ericsson

Agreement will see Zain Kuwait benefit from all end to end services provided by Ericsson as part of ADM. Ericsson will provide the latest offering in Application Development and Maintenance to transform the operator’s business outcomes Dubai, UAE, March 8, 2017:  During the 2017 Mobile World Congress in Barcelona, Zain Kuwait and Ericsson have entered a three-year agreement for application development and modernization of the operator’s customer relationship management and enterprise service bus solutions. Under this agreement, Ericsson will provide end-to-end services to Zain Kuwait for system evolution and application configuration, development, integration and testing. Eaman Al Roudhan, Chief Executive Officer of Zain Kuwait, commented: “Ericsson’s application development and modernization ......read more

Kuwaiti Companies Select Konica Minolta to Enhance Production Capability and Quality Service

Dubai, UAE, November 26, 2016:  Konica Minolta Business Solutions Middle East, today announced that German Press and Koot Al Watan Press, two Kuwait based printing companies, have added Konica Minolta printing machines to their businesses.  The leading printing companies sought to improve turnaround times, increase production capacity and better quality to further help them deliver exceptional products and services to their customer base. Seeking to deliver digital printing in a more efficient and quicker way to its customers, German Press, one of the largest commercial printers in Kuwait, selected Konica Minolta’s “PRESS C1100” a high speed, heavy segment production printer. The new printer from Konica Minolta helped them to transform their customer service after becoming a central part of the business ......read more

Azadea Group wins big at the 2016 Middle East Retail Forum

Zara, Virgin, Eataly and PAUL dominated the 6th edition of the of the renowned RetailME Awards in Dubai      Dubai, UAE, October 20, 2016:   Azadea Group, the premier lifestyle retail company that owns and operates more than 50 leading international franchise concepts across the Middle East and Africa, has announced winning 6 awards through its prominent brands at the 6th edition of the RetailME awards. These accomplishments cement the group’s position as a regional major provider of internationally established and developed concepts varying from fashion & accessories, to food & beverages, multimedia, sporting goods, home furnishings and beauty & cosmetics. The RetailME Awards rewards excellence across a range of retail categories and felicitates top performing retailers. The renowned ......read more

SOUQ.com hosts ‘SOUQ Engage 2016' to empower Sellers and SMEs to Grow Business Opportunities in MENA

“Fulfilled by SOUQ” and “SOUQ Selling Center” especially designed to support Sellers to grow their businesses and provide exceptional shopping experiences to the customers      Dubai, UAE, October 12, 2016:   SOUQ.com, the largest online and marketplace platform in the Middle East hosted a highly engaging event to enable and empower sellers and SMEs to grow their businesses in the region. ‘SOUQ Engage 2016’, the first of its kind conference, provided an integrated platform for sellers to interact with the SOUQ.com leadership team and accustom themselves with the company’s new offerings. The interactive sessions and workshops witnessed participation by over 200 sellers- allowing them the opportunity to share their experiences and learn best practice from fellow sellers ......read more

Dhofar Global enters into partnership agreement with ffuussTM

October 05, 2016 - Demonstrating its commitment towards the highest standards in quality, technology and hygiene, Dhofar Global, a leading supplier of hygiene care products in the Middle East, has signed a strategic partnership with ffuussTM, a hand dryer manufacturer and part of Spain-based OTS Group. The contract awards Dhofar Global the exclusive distributorship of ffuussTM air dryers in Qatar. The state-of-the-art ffuussTM air dryers come with a patented air heating system that works without conventional resistors to avoid constant and unnecessary energy consumption. The unique design and distribution of the air outlets ensure even distribution of air to cover the maximum surface of hands and minimal noise and splash without affecting performance efficiency. The ffuussTM hand dryers contain high-efficiency particulate arrestance ......read more

Global leaders converge in Dubai next week for African investment conference

Third Annual Investment Conference to be held 5-6 October  McKinsey & Co to present key findings from the new‘Lions on the move II’ report HE Sheikh Nahyan bin Mubarak Al Nahyan to attend as guest of honour Dubai, UAE, October 4, 2016:  Close to 400 business leaders and government representatives will meet in Dubai next week to discuss foreign investment opportunities in Africa during the Africa Legal Network’s (ALN) 3rd Annual International Conference on 5-6 October at the Park Hyatt, Dubai, UAE.  The invite-only event is set to attract a number of high-profile speakers, including UAE Minister for Culture, Youth and Social Development His Excellency Sheikh Nahyan bin Mubarak Al Nahyan; Former Malian Prime Minister Dr Cheick Modibo Diarra; International Enterprise Singapore Director ......read more

The 7th Arabia CSR Forum ropes in leading names in sustainability

UAE, October 2, 2016 - The Arab Region’s most talked about CSR Forum will be happening on October 19, 2016 in Dubai. Taking place annually for the past six years, the forum has become known all over the Region and even beyond as a platform that promotes latest thinking and current philosophies around CSR and sustainability.  This year too, the forum will present fresh thinking and current topics, particularly on the subject of critical importance, namely, the Sustainable Development Goals. The forum will raise the curtain on the Arab Sustainable Development Agenda and its priorities.  The theme, ‘Accelerating the Arab Sustainable Development Agenda Through Innovation and Collaboration’ will reflect this and more. The theme is bold and gives out a call to action in the region.  Habiba Al Marashi, ......read more

Bentley and Shell Announce Global Framework Agreement

EXTON, Pa., U.S.A.– July 13, 2016 – Bentley Systems, Incorporated, a leading global provider of comprehensive software solutions for advancing infrastructure, today announced a new Global Framework Agreement with Shell. The agreement serves to improve Shell’s capital project construction execution through automated 4D/5D construction management solutions provided by Bentley as a managed service. The solution, based on Bentley’s ProjectWise ConstructSim, will be deployed as part of Shell’s ProjectVantage program. This innovative offering, which simplifies work packaging for engineering, construction, and installation, adheres to the Construction Industry Institute’s (CII’s) Advanced Work Packaging (AWP) methodology.  The Global Framework Agreement with Bentley underlies Shell’s ......read more

Other Top Stories from Banking and Investments
 
Arab-Brazilian Chamber of Commerce welcomes Kuwait's move to import Brazilian livestock…

UAE, June 12, 2017- The Arab-Brazilian Chamber of Commerce (ABCC) has welcomed the Kuwaiti Government’s announcement to import livestock from Brazil, saying that this new landmark development will lead to stronger and more vibrant trade ties between the two nations.  The decision authorizing the Brazilian livestock exports was finalized during the meeting held in Kuwait City between ......read more

Dhofar Global to strengthen its presence in KSA, Kuwait & Bahrain by 2020…

May 09, 2017- Dhofar Global, a leading supplier of hygiene products in the Middle East, has marked its 10th anniversary with a celebration of its decade-long accomplishments and the unveiling of a more ambitious expansion plan to fully cement its market footprint across the region. The company recently hosted an event for their suppliers, clients and employees at the Westin Dubai Mina Seyahi ......read more

Al Ansari Exchange pledges AED 50 million donation to various charities in commemoration of its ...…

UAE, May 23, 2016–Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, commemorates the 50thAnniversary of its establishment. To mark the occasion and in line with the wise directions and vision of the UAE’s leadership to consolidate the country’s prominent position  in the region and the world, the company is poised to establish new ......read more

Ahli United Bank's AGM approves 18% cash dividends…

Ahli United Bank B.S.C today held its Annual General Meeting and the Extraordinary General Meeting at the Bank's headquarters in Seef District, Kingdom of Bahrain. The meetings were presided over by AUB’s Chairman Mr. Hamad M. Al-Humaidhi and were attended by shareholders representing 81% of Bank's shares.   AUB's AGM has approved the distribution of a cash dividend ......read more

78 Teams qualify to next round of the MIT Enterprise Forum Arab Startup Competition; an event ...…

A record 5,967 teams comprising over 16,500 entrepreneurs from 21 Arab countries enter competition Winners ceremony to be held in Jeddah on 14 April, 2016  Kuwait, Jeddah, Beirut - 16 February, 2016 The MIT Enterprise Forum (MITEF) of the Pan Arab region, in partnership with Community Jameel, the Corporate Social Responsibility arm of Abdul Latif Jameel and Zain Group, a leading ......read more

Kuwait Forum Investment Climate & Opportunities…

Kuwait, December 12, 2015:  Kuwait Direct Investment Promotion Authority (KDIPA), announces that it is convening its first promotional conference “Kuwait Forum: Investment Climate & Opportunities” under the patronage of H.H. the Emir of Kuwait Sheikh Sabah Al Ahmad Al Jaber Al Sabah, on March 8-9, 2016 at the Courtyard Marriott Hotel-Kuwait. The Forum intends to advance ......read more

World Islamic Banking Conference (WIBC) to Chart Future of Commodities, Currencies and Asset ...…

This December experts from the US, Turkey, UAE, Egypt, UK, Saudi Arabia and other markets to provide Islamic finance industry with its asset allocation outlook for 2016  11 November 2015, Manama, Bahrain:  The World Islamic Banking Conference (WIBC) 2015 will gather seasoned economists, asset managers and investment bankers who will provide a holistic view of asset allocation ......read more

ELECRAMA networking evening set for Kuwait…

Aimed to create business opportunities for electricity industry players Dubai, November 1, 2015: Elecrama 2016, the world's largest trade and networking forum for the electricity industry, will be organizing a networking event for the benefit of key industry stakeholders and decision makers in Kuwait. The event is being held to widen awareness of the enormous business potential ......read more

Alshaya Named Best Multi-Brand Franchise Operator in Middle East and North Africa…

MENAFA award recognises Alshaya’s leadership in bringing international retail brands to the region United Arab Emirates, 22 October 2015: International retail franchise operator M.H. Alshaya Co. has been named Best Multi-Brand Franchise Operator in the Middle East and North Africa by the Middle East and North Africa Franchise Association (MENAFA). Alshaya received the award this ......read more

The NFC leader FAMOCO wants to expand its business in the Middle East and will exhibit at the GITEX ...…

- From October 18th to 22nd United Arab Emirates; September 22, 2015 – FAMOCO the French specialist of Android NFC readers just raised $4,5 millions and now aims at conquering the Middle Eastern market. The GITEX show, the 3rd largest technology event on the planet, is an opportunity for FAMOCO to meet its clients and gain prominence in the Middle East. FAMOCO exhibits at this event ......read more

Global Ethical Finance Forum all set as landmark platform to forge future of responsible ...…

Dr. Zeti Azi, Governor of Malaysia’s Central Bank, delivered the inaugural Keynote Address at historic forum in the UK Dubai, United Arab Emirates, 1 September 2015: Ethical finance leaders from Europe, East Asia, the Middle East and Africa gathered today at a historic forum for the global responsible investments industry. The Global Ethical Finance Forum (GEFF), with the official ......read more

HTC Announces Share Repurchase Program…

Buy-back of up to 50 million shares reflects confidence in business strategy and growth potential Taipei, Taiwan – August 24, 2015 – HTC Corporation today announced that its Board of Directors has authorized a share repurchase program to restore investor confidence and increase shareholder value. The share repurchase program, which will run over the course of the next two ......read more

Deloitte: Middle East CFOs – Local concerns, global impact…

-Deloitte: Risk appetite in the Middle East curbed -Deloitte: Optimism in UAE drops to a net 46% from net 61% previously 24 August, 2015 – The continuation of low energy prices is impacting both optimism and risk appetite in the Middle East, according to Deloitte’s latest report “Global CFO Signals: CFO Sentiment Q2 2015 – Staying focused; remaining vigilant”. ......read more

QNCC excels as the venue of choice amongst clients for the first half of 2015 according to recent ...…

Global best practice standards, customer service delivery and expert event management ensure QNCC’s overwhelmingly positive customer satisfaction rating Doha, Qatar, 24 August 2015: Qatar National Convention Centre, the Middle East’s leading exhibition and convention centre, recently conducted a survey amongst its international and regional clients garnering feedback on its event ......read more

Minister of Finance to Open 2015 Euromoney Kuwait Conference…

Seventh Edition of the Conference to focus on “Innovation in Uncertain Times” Kuwait City, Kuwait, August 22, 2015: The upcoming Euromoney Kuwait Conference is set to discuss “Innovation in Uncertain Times”, against a backdrop of global economic tension and as Kuwait looks for new ways to add dynamism to the national economy.  Euromoney will return to the ......read more

Drake & Scull Awarded AED 218 Million MEP Contract for Education Institution project in Kuwait…

UAE, July 27, 2015 - Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail, and Oil and Gas, and wastewater treatment, has announced that its engineering subsidiary Drake & Scull Engineering Kuwait, has secured an MEP ......read more

Global leader joins Middle East Global Advisors to Build Intelligence Powerhouse for Islamic Markets…

The Islamic finance industry has reached almost $2 trillion in total assets at the end of 2014 Dr. Sayd Farook will bring international expertise and track record to leading Middle East knowledge platform 21 July 2015, Dubai, United Arab Emirates: Middle East Global Advisors has appointed Dr. Sayd Farook as Vice Chairman and Chief Executive Officer.  Dr. Sayd Farook joins ME Global ......read more

China First Aid Market Projected to be worth CAGR of 6.3% by 2020…

Future Market Insights (FMI), in its latest report titled, “China First Aid Market Assessment and Opportunity 2014 - 2020”, projects the China first aid market to exhibit a CAGR of 6.3% between 2015 and 2020. Adoption of aggressive promotional campaigns are key factors driving growth of the market. The report is focused on basic first aid products such as adhesive bandages, ......read more

Al Hilal Bank announces resignation of Group CEO…

UAE, July 15, 2015 - Al Hilal Bank, the progressive Abu Dhabi - headquartered Islamic Bank, has announced the resignation of Mr. Mohamed Jamil Berro as the CEO, a position he has held since the bank’s establishment in 2008. Mr. Berro explained that his resignation is due to personal reasons. The Board of Directors expressed their appreciation for Berro, commending his vital role in raising ......read more

Leo Burnett MENA Reaches its Best-Yet Tally in Cannes, Walks Away with Nine Lions Including Two ...…

Dubai, July 2015: Leading advertising agency Leo Burnett MENA collected an array of awards at the Cannes Lions International Festival of Creativity 2015, the world's biggest annual awards show and festival for professionals in the creative communications industry. The agency scooped a total of nine Lions at the prestigious event – which takes place every June in Cannes, France – ......read more

British expats in Kuwait can now access buy-to-let mortgages from Skipton International…

Offshore bank, Skipton International has extended its UK buy-to-let mortgages to British expats currently living in Kuwait. It’s one year since the bank first launched the lending products, which have attracted a lot of interest from the Gulf region. Obtaining a buy-to-let mortgage as a British expat isn’t easy, a need identified by Skipton, which has been serving deposit account ......read more

Alfardan Group hosts charity Iftar dinner at Al Gassar's Al Majlis Tent…

July 11, 2015: Alfardan Group successfully hosted a charity Iftar at the Al Gassar Majlis Tent. The event, which was organized in collaboration with the Qatar Red Crescent Society, was held for the benefit of around 150 people, which was composed of 85 underprivileged children who are under the care of the Society and their respective families.  The activity allowed the children with the ......read more

GBPUSD suffers in the aftermath of Greek referendum…

Written by Jameel Ahmad, Chief Market Analyst at FXTM Global Markets: For the second successive week, global financial markets are commencing trading facing downside pressures with investors reacting unfavourably to the news that a “No” vote was declared victorious in the Greek referendum. While Tsipras is optimistic that the outcome of the referendum can be used as leverage for ......read more

A Greek Tragedy…

This is now officially a Greek tragedy  In many ways, it is relatively easy to understand why the result was a No from Greece. There is little to lose, as a Yes to more austerity hardly was a great choice for a society on the brink of a social break down. The vote clearly was not help by the fact that the actual vote: Yes or No was confusing. What did they actually say No to? This ......read more

‘The Lamp of Fortune'- A Time of Giving Customers to win gifts on every transaction.…

UAE, July 5, 2015: During this holy month of Ramadan, Joyalukkas Exchange has announced ‘The Lamp of Fortune’. This program offers customers who transact with Joyalukkas Exchange to 'Scratch & Win' exciting gifts on every transaction. Customers can be assured of winning prizes from a wide range of offerings, right from Gold Coins, TVs, Laptops, I Pads, Perfumes, Bags and ......read more

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