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Featured in Banking and Investments
'Burgan Bank announces names of the daily lucky winners of Yawmi account draw'

Kuwait –  July 8, 2019:   Burgan Bank 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:    1. KHAIRIYAH IBRAHIM MARAFI   2. VAIKUNTA RAJA CHENGIAH RAJA   3. ABDULHADI MOHAMMAD SADEQ ALMOUSAWI   4. MOHAMMAD ABDULLAH ALI   5. AHMAD ADEL MOHAMMAD GHULOUM   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. ......read more

Burgan Bank Customers Rewarded with Discounts at Salmiya Clinic

Kuwait – 6 July, 2019:  Presenting its clients with unique benefits and privileges, Burgan Bank customers can now enjoy valuable deals at one of the growing health centers in Kuwait, Salmiya Clinic. Ensuring its customers with the highest quality of medical services, all Burgan Bank cardholders can avail of the discounts that come under different specialties and sub specialties.  Keeping in line with the latest demands and expectations of the community, Burgan Bank customers can receive a 20% discount at the medical laboratory, 15% for diagnostics radiology and sonar, and 10% at the endocrinology clinic, nutrition clinic, and for laser and dental and oral facilities. For more information on Burgan Bank products or services, customers can contact the personal banking executive at the branch, or contact the ......read more

Burgan Bank K.p.s.c. Successfully Issues Us$500,000,000 Perpetual Tier 1 Capital Securities

Kuwait – 02 July 2019:  Burgan Bank K.P.S.C., the second largest conventional bank by assets size in Kuwait, announced it has successfully placed Perpetual Tier 1 Capital Securities in the international debt capital markets. The securities comply with the Basel III regulatory framework that's adopted by the Central Bank of Kuwait.  The transaction came on the back of a comprehensive global roadshow, covering the key financial centers in London, Hong Kong, Singapore, Abu Dhabi and Dubai. Following strongly positive feedback from the roadshow, the orderbook saw strong momentum from investors globally, which allowed the Bank to ultimately place US$500,000,000 Perpetual Tier 1 Capital Securities at a yield of 5.750% (which translates to a margin of 400.7bps over the 5-year US Treasury Rate). The transaction saw ......read more

Joyalukkas Exchange opens branches in 3 new locations in Kuwait

June 26,  2019: Joyalukkas Exchange, the money exchange arm of Joyalukkas Group, further enhanced its presence in the Kuwait region with the inauguration of 3 new branches.  The new branches were inaugurated by Mr. Antony Jos, Director, Joyalukkas Exchange in the presence of other dignitaries and customers. “Kuwait is a key market for Joyalukkas Exchange, we have a strong history here with our jewellery business and the response to our Exchange business has been as positive. I take this opportunity to thank the residents of Kuwait for their patronage and support and hope our 3 new outlets make their access to one of the Joyalukkas Exchange centers more convenient. At Joyalukkas Exchange, we are committed to serving our customers with the fastest, convenient, most innovative and best value in Money Exchange ......read more

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

Kuwait –  June 23, 2019:   Burgan Bank 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:    • HAROUN ABD ALHUSSAIN MOHAMMAD BAHMAN   • ADEL MAHMOD MOHAMMAD BIN NEKHI   • MOHAMMAD ABDULLAH ALI   • MUSAED ABDULLAH HOMOUD ABDULLAH   • ABBAS AHMAD HAMAD ALHADDAD   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 ......read more

Burgan Bank's Introduces Exciting Summer Campaign “spend & win 200% cash back”

Kuwait – 16 June, 2019:  In line with the latest trends to provide its customers with the most innovative offers, Burgan Bank recently launched a new and compelling summer campaign “Spend & Win 200% cash back”. Continuously keeping abreast of customers’ expectations and seasonal demands, the Cash Back draw entitles its credit, debit and prepaid cardholders a chance to gain back  double  their spending when using their cards locally and internationally.  Creating opportunities for more winners, the summer offer is designed as a three month campaign starting from 16th of June to 29th of September 2019 with minimum spending’s of KD 200 per month to be eligible to enter the draws. Burgan Bank’s new campaign will announce five winners during July and August and 10 winners ......read more

Burgan Bank announces the new winner of the Al Thuraya Salary Account Monthly draw'

Kuwait – 11 June 2019:  Burgan Bank, announced today Mr. HUSAIN MUSTAFA MOHAMMAD ALFAHAD as the lucky winner of the 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 a Nissan Patrol SUV every month. With every KD 10 available in the account, the customer receives one chance to enter the draw. The Al Thuraya account holders have the option to hold money in Kuwaiti Dinar and other major currencies and can access account-related services such as standing orders, loans and credit cards, and benefit from the discounts and offers throughout the year. Customers wishing to open the Al Thuraya account can do so by simply visiting the nearest Burgan Bank branch and obtain all the necessary details, or simply call ......read more

Burgan Bank Announces Working Hours during Eid Al Fitr Holiday

Kuwait – 1 June, 2019:  Burgan Bank today announced that its airport branch will continue its operations during the upcoming Eid Al Fitr holiday. The branch will remain open 24 hours for seven days a week, to conveniently provide services to its clients during public holidays.  The contact center will also be at customers’ service over the clock at 1804080, to ensure customers enjoy services throughout the holiday period. On this occasion, Burgan Bank extends its best wishes and greetings to the public on the coming of Eid Al Fitr.

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

Kuwait –  May 20, 2019:   Burgan Bank 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:    1. BAHERIN HAKIMUDDIN   2. NASER MOHAMMED MUBARAK ALRASHEEDI   3. MOHAMMAD ABDULBASET ALI   4. MUBARAK HUSSEIN MOHAMMED ALAJMI   5. ABDULMAJED AHMED ALBOHASAN   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 ......read more

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

Kuwait –  May 20, 2019:  Burgan Bank 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:    1. BAHERIN HAKIMUDDIN   2. NASER MOHAMMED MUBARAK ALRASHEEDI   3. MOHAMMAD ABDULBASET ALI   4. MUBARAK HUSSEIN MOHAMMED ALAJMI   5. ABDULMAJED AHMED ALBOHASAN   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. ......read more

Grandweld Shipyards launches tenth boat of KOC fleet

May 20, 2019:  The UAE-based, Grandweld Shipyards, recently announced the launch of its sixth pilot boat for Kuwait Oil Company (KOC). As per a contract signed in May 2017, the “MESKAN” is the final boat of ten – four crew transport boats and six pilot boats – that Grandweld was required to build for KOC’s fleet. With this launch, the total number of six deliverable pilot boats has been completed. Moreover, the remaining four boats that were already launched prior, will be delivered in June 2019 after full inspection and testing for sailing performance. The new “MESKAN” boat, which was specifically designed to meet the needs of KOC, was launched ahead of schedule as per the contract between Grandweld and KOC. In accordance with the classification standards of Lloyd's Register, ......read more

Burgan Bank offers Free Eideya Delivery Service to Premier Banking Customers'

Kuwait, 19 May 2019:  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 10 am until 4 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 19th of  May till 29th  of May 2019. It is worth mentioning that the Eideya ......read more

Burgan Bank offers Free Eideya Delivery Service to Premier Banking Customers

Kuwait, 19 May 2019:  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 10 am until 4 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 19th of  May till 29th  of May 2019. It is worth mentioning that the Eideya delivery ......read more

Burgan Bank Reports Net Income of KD 19.2mn for the First Quarter of 2019

Kuwait – May 15th, 2019:  Burgan Bank Group (Burgan) announced its financial results for the first quarter of 2019.    Beginning this year, Burgan has revised its financial statements’ closing process by changing the reporting date of its subsidiaries to one month earlier than the Group’s reporting date.   Accordingly, Burgan’s Q1’19 financial results include only two months’ (Jan’19 & Feb’19) results of its subsidiaries instead of three months (as included in the prior periods). This change will enable Burgan to accelerate its financial closing process & the required procedures for earliest possible release of the Group’s financial statements to its stakeholders.   Key highlights of Burgan Bank Group’s Q1’19 financial ......read more

Burgan Bank Sponsors TEDxAUK

Organized by AUK’s Center for Research in Informatics, Science and Engineering Kuwait – 13 May, 2019:  Burgan Bank, one of the leading supporters of creative initiatives and knowledge-transfer locally, recently sponsored the American University of Kuwait’s second TEDxAUK, organized by AUK’s Center for Research in Informatics, Science and Engineering (RISE) which was held at the Salwa Sabah Al Ahmad Hall.  Following last year’s successful TEDx platform that hosted an outstanding line-up of inspirational speakers, who shared their personal and professional success stories. This year,  Burgan Bank supported RISE Center under the umbrella of KIPCO - the Kuwait Projects Company (Holding).  The 2019 TEDXAUK saw vibrant discussions among student and non-student participants, spearheaded ......read more

Burgan Bank Renews Its Exclusive Partnership with Grand Cinemas

The only bank in Kuwait that offers its customers exclusive benefits, promotions and discount at Grand Cinemas  Kuwait, April 30, 2019:   Burgan Bank announces today its renewed partnership with Grand Cinemas commencing for another two years. The recent signing is part of the Bank’s continued commitment to accommodate its varied segment of customers with the latest and most fulfilling lifestyle benefits.  As part of the strategic partnership tie up, the bank will be offering additional benefits to its customers, which includes discounted cinema rates all week long for all customers and all account holders as well as free latest blockbuster screenings throughout the year. The discounted cinema tickets can be booked via the Grand Cinemas website - kw.grandcinemasme.com, its designated mobile app or through ......read more

Burgan Bank Organizes a Fun Day for Persons with Special Needs in Sheikh Jaber Al-Ahmad Cultural Center

In Cooperation with the Ministry of Social Affairs and Labor  Kuwait – April 16, 2019:  In cooperation with the Department of Public Events and Media in the Ministry of Social Affairs and Labor, Burgan Bank organized a fun day for persons with special needs at Sheikh Jaber Al-Ahmad Cultural Center. As part of Burgan Bank’s mission to integrate all segments into the society, the fun day falls under the Ministry of Social Affairs and Labors’ regular entertainment programs which constitutes several initiatives and recreational activities for the residents of the home.  Driven to highlight the importance of the special needs involvement within the social fabric of the Kuwaiti community, Burgan Bank organized the event to instill joy and happiness in the hearts of the special needs community by ......read more

Burgan Bank appoints Mr. Masaud Mahmoud Haji Jawhar Hayat as a Group Chief Executive Officer

Career spans over 44 years of experience in banking and investment  Kuwait –13 April 2019:   Burgan Bank is pleased to announce the appointment of Mr. Masaud Mahmoud Haji Jawhar Hayat as a Group Chief Executive Officer after obtaining the approval of the Central Bank of Kuwait and the Board of Directors as of April 11, 2019. This move is a positive step towards facilitating the continuous development of Burgan Bank as one of the pioneering banks in Kuwait, the Middle East, and North Africa. Mr. Masoud has a proven track record in banking, commercial and investment industries and asset management in the region. He has a backing of over 44 years of local and international expertise in executive, leadership, and supervisory positions in financial and banking institutions as well as investment companies. Mr. ......read more

Burgan Bank Sponsors Kuwait Banking Association's "Night Run" for the 2nd time in a row

Kuwait – 6 April, 2019:   Held under the umbrella of the Kuwait Banking Association, Burgan Bank, one of the leading contributors to sustainability and progress in the Kuwaiti community, is sponsoring the 5 KM “KBA Night Run” for the 2nd time in a row scheduled to take place on April 13, 2019 at 7 pm at Murooj complex. As part of Burgan Bank’s ongoing commitment to encourage sports as a gateway to maintaining a healthier lifestyle, the bank encourages the participation of all families, athletes and avid runners to sign up for the much anticipated marathon.  Running under the theme of ‘Ready, Set, Glow ‘, the 5 KM run is a one of a kind event as it takes place at night accommodated by particular gear to glow in the dark, targeting both genders of all age groups at any level of ......read more

Burgan Bank Appoints Mr. Hameed Mohammed Ali Abul as Chief Private Banking Officer

Kuwait – April 3, 2019:   Burgan Bank has appointed Mr. Hameed Abul as Chief Private Banking Officer after obtaining the approval of the Central Bank of Kuwait as of March 27, 2019. Mr. Hameed Abul is responsible for directing, formulating, overseeing and implementing the overall strategy of the Private Banking Group. He is also responsible for guiding and providing strategic direction and leadership to a profitable growth while ensuring revenue potential is realized in a low risk and cost-effective manner. Raed Al-Haqhaq, Chief Executive Officer of Burgan Bank - Kuwait said: “I would like to congratulate Mr. Hameed Abul on his new role as the lead to serve our high-net worth clients. As one of the most well-established wealth management service providers in Kuwait, we wish him luck and look forward to the ......read more

Burgan Bank Continues to Serve its Customers during “Al Esraa Wal Mearaj” Holiday at the Airport Branch

Kuwait - 2 April 2019:   Burgan Bank announces that its airport branch will serve its customers and resume the normal working hours during “Al Esraa Wal Mearaj” holiday, on Thursday, 4th of April, 2019. The branch operates 24 hours in an effort to accommodate banking requirements for travelers’ during the public holiday. On this occasion, Burgan Bank extends its best wishes and greetings to the public.  

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Burgan Bank Holds Annual General Assembly meeting and 2019 Shafafiyah Forum

Shareholders approve Distribution of 12 fils Cash Dividend and 5% Bonus Shares for 2018    Kuwait – March 30, 2019:   Burgan Bank held its Ordinary Annual General Assembly meeting and Al Shafafiyah Investors’ forum yesterday at the KIPCO Tower.    The Board of Directors presented the bank’s Full Year 2018 Financial Results to its shareholders, highlighting the solid performance delivered by the bank. The shareholders approved the payment of recommended Cash Dividend of 12 fils per share and the distribution of 5% Bonus Shares.     During the General Assembly, Burgan’s Board members for the next three years were elected, who are as follows:    1. Mr. Majed E. Al Ajeel  2. Mr. Masaud M. J. Hayat 3. Mr. Faisal M. Al Radwan 4. ......read more

Burgan Bank Brings its Customers an Offer to Enjoy at ‘Haleeb O Heil' Restaurant

Kuwait – 18 March, 2019:   Burgan Bank is inviting its customers to enjoy a 10% discount at one of the most popular restaurants in Kuwait, “Haleeb O Heil”.  The latest offer is part of the Bank’s aim to ensure every customer receives the chance to experience a wide range of priveleges.  With over five branches in Kuwait and one in Dubai, “Haleeb o Heil” incorporating a modern approach to its offerings, the restaurant offers a diverse range of cuisines while is particularly known for its traditional Kuwaiti food. In the same way, “Haleeb O Heil” offers classical traditional music that creates an entertainment and lively atmosphere, meanwhile, the customers enjoy their meals.

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Burgan Bank Supports Kuwaiti Project for Special Needs Exhibition for the Second Consecutive Year

Kuwait – 09 March 2019:  For the second year in a row, Burgan Bank successfully concluded its sponsorship of the Kuwaiti Project for Special Needs Exhibition that took place on 20 February 2019 under the patronage of Shaikha Sheikha Al Abdullah Al Sabah. Burgan Bank representatives presented how the special needs segment are fully accommodated with a comprehensive banking experience backed by enhanced accessibility and modern world-class technological applications. The annual exhibition is conducted to showcase Kuwait’s concentrated efforts in facilitating their overall requirements and ensuring the optimal comfort of the special needs segment. In support of the Central Bank of Kuwait’s instructions and regulations, Burgan Bank has maintained 6 fully-equipped branches at convenient locations, in Adaliyah, Bayan, ......read more

Burgan Bank's Five Lucky Daily Yawmi Account Draw Winners Take Home KD 10,000

During the National and Liberation celebratory season   Kuwait – 28 February 2019 – In conclusion of Burgan Bank’s special festive offer held during Kuwait’s most celebrated month, the Bank announced today the names of the Yawmi daily draw winners who received a cash-prize of KD 10,000 each.    The lucky winners are: 1. ABDULLAH MOHAMMAD QATEA ALENEZI 2. KAFI SHALLAL OBAID ALENEZI 3. GHASSAN MOHAMMAD ZEIN 4. FIFY MAHER MOHAMED ELNABRAWY 5. ESAM MUSAED MOHAMMAD ALMAILAM   This National and Liberation celebratory season, Burgan Bank welcomed its customers to a grand draw that granted the daily winners of its Yawmi account draw, with double the amount of its regular cash-prize of KD 5,000.    For more information on opening a Yawmi account, the new ......read more

Other Top Stories from Banking and Investments
 
Burgan Bank Holds Annual Awareness Campaign ‘Together Against Breast Cancer'…

Advocating for better health and wellness among its employees Kuwait – 20 October 2018:   As one of the leading contributors to community development and a pioneer in supporting healthy lifestyles, Burgan Bank recently hosted its yearly breast cancer awareness campaign dedicated to the betterment of its staff. Titled “Together against Breast Cancer,” the bank ......read more

Burgan Bank Group successfully completes its Rights Issue…

Rights Issue oversubscribed with healthy shareholder participation Kuwait, 14 October 2018:   Burgan Bank, Kuwait’s second largest conventional bank by assets, announced successful completion of its Rights Issue, whereby the bank raised KD62.55 million of equity by issuing 240.58 million shares. The Rights Issue was oversubscribed with healthy participation from its existing ......read more

Burgan Bank announces the new winner of the Al Thuraya Salary Account Monthly draw…

Kuwait – 10, October 2018:  Burgan Bank, announced today Mr. MUSTAFA SHAIKH ALI HUSAIN as the lucky winner of the 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 a Nissan Patrol SUV every month. With every KD 10 available in the account, the customer receives ......read more

Burgan Bank concludes "Decision Making Skills" workshop in cooperation with ...…

Providing its employees with new business development skills by making the best decisions Kuwait, 9 October 2018:   Burgan Bank recently participated in the ‘Decision Mojo’ workshop by leading knowledge transfer platform, Knowledge Club, as part of its long-term commitment to employee development and strengthening of skills and methods to make the right decisions in their ......read more

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

Kuwait – October 7, 2018: Burgan Bank 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:  LATEEFAH MOHAMMAD HAMAD ALBUSAILI  RAED AHMAD ALDABBOUSI ALQUT EMAN SULAIMAN AHMAD ALZAMEK BADER ESAM BADER ALESSA FATEMAH MOSATAFA ALI MOSTAFA In addition to the ......read more

Second & Third Batch from Burgan Bank Successfully Complete…

The Leadership Challenge® Complete Model Kuwait- 3 October 2018:   To further solidify its position as a dynamic financial powerhouse, Burgan Bank recently concluded The Leadership Challenge® (an evidence-based global leadership development program) with the second and third batch of internal management. Continuing to invest in its employees by providing the latest tools ......read more

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 ......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 ......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 ......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 ......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 ......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 ......read more

Burgan Bank Contributes to the Integration of Children with Autism into Society through Support of ...…

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 ......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 ......read more

Global payment solutions leader EastNets partners with Kuwait's Boubyan bank to launch SWIFT gpi ...…

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 ......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 ......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 ......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 ......read more

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

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 ......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

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 ......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 ......read more

ASAR – Al Ruwayeh & Partners acts as Kuwait legal counsel for the State of Kuwait's GMTN Programme ...…

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 ......read more

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

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: ......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 ......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 ......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 ......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 ......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 ......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 ......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 ......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 ......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

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