KuwaitPR.com, Online Press Release from Kuwait
Featured in 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 organized an educational workshop aimed to stress the importance of healthier nutrition, regular exercise, and raise awareness about symptoms, causes, risk factors, treatment, types, and prevention methods.  The workshop brought to light one of the most concerning health risks plaguing the country wherein, an alarming increase of cases have been reported both locally and internationally. This year’s session was led by Dr. Noha ......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 shareholders, underscoring the strength of the franchise. Mr. Majed Essa Al Ajeel, the chairman of Burgan Bank commented: “We are very pleased with the results of the rights issue and grateful for the support and trust that our shareholders have put in us. The oversubscription reflects their confidence in the bank’s performance and its future prospects.”  The Rights Issue represents a 10.6% of increase in the issued ......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 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.

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Burgan Bank concludes "Decision Making Skills" workshop in cooperation with "Knowledge Club"

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 respective fields. Attended by bank’s staff from different departments in coordination with the Learning and Development Center of the Human Resources Department, the workshop shed light on the essential components that enable consistency in making high-quality decisions to ensure seamless business operations. Held on 7-8 October 2018, the two-day workshop, one of the most important crucial workshops within the comprehensive program of ......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 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 entitle customers to one chance of ......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 and resources for long term growth,   the widely practiced model of leadership development was integrated to advance skills of high potential leaders in line with current market demands. Working in tangent with the newly adopted strategy in the Learning and Development department at Burgan Bank, The Leadership Challenge® that ran for two days followed by on the job coaching was successfully completed by nearly forty participants ......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 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

Other Top Stories from Banking and Investments
 
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

MEED: Economic activity in the GCC fell by just under 30 per cent during the first half of 2015…

MEED says three data points show that markets fell during first half of 2015 • Project awards, mergers and acquisitions activity, and company earnings are all down by close to 30 per cent • Average daily oil prices down by 46.9 per cent during first half of 2015 • Investor confidence has been subdued this year Economic activity in the GCC fell by just under ......read more

Saxo Bank warns of a false start to the Fed's rate hike cycle…

Greece’s seeming hour-by-hour descent into chaos at the end of the second quarter has fashioned an intensely uncertain framework casting markets at the mercy of headline risk. It is with that ever-changing caveat that Saxo Bank publishes its Q3 Outlook ahead of the Greek referendum on EU membership which, as things stand, will take place July 5. The outlook for Q3, therefore hangs in ......read more

According to EY's report ‘How will the GCC close the skills gap?…

Three quarters of GCC employers feel the education system doesn't know what skills employers need • 53% of employers rank lack of work experience as affecting nationals’ employability, with only 30% of GCC students having taken any work experience  • According to employers, communication skills (36%) and required skills and qualifications (22%) are further ......read more

Cedar Management Consulting International acquires the business of IBS Publishing…

Dubai, June 29, 2015: Cedar Management Consulting International LLC (Cedar), the global management consulting firm today announced that it has acquired the business and operating assets of IBS Publishing, the leading UK based financial technology research, publication and consulting firm. This includes their primary brand and operating platform - IBS Intelligence. Since 1999, Cedar’s ......read more

Impact Plus launches three exciting entrepreneurial development programs to fill region's ...…

June 28, 2015: Impact Plus, a leading Dubai-based ‘Business Knowledge’ facilitator offering accredited training programs in the Middle East and Africa, has launched three interactive and practical entrepreneurial development initiatives with an aim to reduce leadership deficit. The new US-accredited development programs -- Ana Montejah™, Certified Professional Graduate ......read more

Mashreq offers Flavours discounts and Double Rewards in Ramadan…

Enjoy exclusive discounts and rewards for Iftar and Suhoor Dubai – UAE, 25th June 2015: During the holy month of Ramadan, Mashreq introduces astounding offers at over 60 premium Flavours partner restaurants. Mashreq Flavours, one of the biggest dining programs in the UAE continues to provide its customers with a wide range of elite choices to relish the togetherness of ......read more

Arab-Brazilian Chamber of Commerce reveals UAE & Saudi Arabia among top importers of Brazilian ...…

UAE, June 24, 2015 - The Arab-Brazilian Chamber of Commerce (ABCC) has revealed that two Arab states were among the top importers of Brazilian shoes during the first quarter of 2015, demonstrating anew the steadily growing trade relations between the region and the South American nation. The ABCC cited figures recently released by the Brazilian Footwear Industry Association (Abicalçados) showing ......read more

NAPCO CEO receives AIWA's award for ‘Most Outstanding Corporate Leader'…

June 24, 2015 - National Aluminium Products Company SAOG (NAPCO), one of the leading extruders of aluminium profiles in the GCC, has announced that its CEO, Robert Holtkamp, has received the award for ‘Most Outstanding Corporate Leader’ from Alam al-Iktisaad Wal A’mal (AIWA), Oman’s leading Arabic business magazine published by United Media Services. The 5th edition of the ......read more

EY to acquire Integrc, further boosting its governance, risk and compliance consulting services…

DUBAI, 23 JUNE 2015. EY signed a conditional agreement to acquire Integrc, a privately owned, leading provider of governance, risk and compliance (GRC) services to companies that run SAP. The acquisition, expected to complete in August,  will help cement EY’s position as an industry leader in SAP GRC services by further enhancing its end-to-end offering — from strategy to ......read more

SHUAA named “Best Regional Asset Manager” by Banker Middle East…

18 June 2015: SHUAA Asset Management Ltd. today announces that is has been awarded the “Best Regional Asset Manager” at Banker Middle East’s Annual Industry Awards 2015. Organised by CPI Financial, the awards recognise institutions that are truly innovative pioneers in their respective areas of expertise, and are helping to shape the future of the industry in the region. The ......read more

Nearly half of MENA businesses do not have an anti-bribery or anti-corruption policy and code of ...…

According to EY’s 2015 Europe, Middle East, India and Africa (EMEIA) Fraud Survey: DUBAI, 16 June 2015: EY’s Europe, Middle East, India and Africa (EMEIA) Fraud Survey, Fraud and corruption – the easy option for growth?, has found that many businesses still do not have the basic building blocks in place for effective compliance. Only 52% of MENA respondents stated they had an ......read more

Western Union extends its WU Wish Programme to Kuwait…

Kuwait, 16 June, 2015: The Western Union Company has launched a global programme to mark the unveiling of their re-branded marketing platform, ‘This is WU’.  The new programme ‘WU Wish’ encourages people to describe their hopes and aspirations for a family member or family situation and the WU Wish programme will make the selected wishes come ......read more

Eros Group wins ‘Brand of the Year' 2015 by Superbrands…

55 brands receive Superbrands recognition at Gala Event Dubai, United Arab Emirates, June 16, 2015: Superbrands, the independent authority and arbiter of branding, announced that ‘Eros Group’ has won the coveted 'Brand of the Year' award at the 11th annual Superbrands tribute event, which was held at the Intercontinental Hotel in Dubai Festival City. Fifty-five leading ......read more

Al Hilal Bank hosts preparatory discussions for ‘UAE Banks Reception' forming part of ‘The IMF ...…

UAE, June 08, 2015 - Al Hilal Bank recently hosted the third preparatory session for the United Arab Emirates Banks Reception scheduled to take place as part of the 2015 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) running from October 9 to 11, 2015 in Lima, Peru. The meeting was organized at the Al Hilal Bank headquarters in Abu Dhabi’s Al Bahr ......read more

Enhancing Customer Satisfaction Through Techno-led Banking…

Dubai, June 8, 2015: The widespread adoption of technology has resulted in the introduction and acceptance of a multitude of devices and applications that have significantly transformed the way consumers manage their life. Technology has impacted every aspect of our lives and banking is not an exception; it has played a pivotal role in changing the structure and very nature of banking. ......read more

Al Hilal Bank named ‘Best Islamic Financial Institution' in the UAE & Kazakhstan by Global Finance ...…

UAE, June 06, 2015 - Al Hilal Bank has announced that it was named ‘Best Islamic Financial Institution’ in the UAE and in Kazakhstan at Global Finance magazine’s 8th Annual Awards for the World’s Best Islamic Financial Institutions. The recognition affirms Al Hilal’s exceptional ability to ensure safety and security for its customers while developing new and ......read more

Islamic Finance: The Largest International Islamic Economic Gathering Takes Place Next Week in ...…

Africa Witnesses the Largest International Islamic Economic Gathering Next Week  The 40th Annual Meeting of the Board of Governors of the Islamic Development Bank Takes Place in Maputo MAPUTO, Mozambique, June 6, 2015 -- Dr Ahmad Mohamed Ali, President of the Islamic Development Bank Group (http://www.isdb.org), has stated that preparations are in full swing at the IDB Group for ......read more

Investment in M.E. offshore projects buoyant despite lower oil prices…

Middle East region bucks international trend with 14% increased E&P spend - Offshore Marine & Work Boats event to evaluate impact of lower oil prices on maritime industry   3 June 2015: Seatrade Offshore Marine & Workboats Middle East 2015 - the region’s leading event for the workboat and offshore marine industries - marks its return to the Abu Dhabi National ......read more

Rockwell Automation highlights PlantPAx: Integrated Control and Information, Delivered through The ...…

The company displayed world-class distributed control system (DCS) combined with plant-wide control technologies and unmatched scalability of Rockwell Automation Integrated Architecture® Abu Dhabi, UAE – 2nd June 2015 – The 3rd ISA Automation Conference & Exhibition 2015 dedicated for process automation in the Middle East successfully concluded at the St.Regis Hotel in Abu ......read more

“aafaq Islamic Finance” signs strategic MoU with University of Bolton's Centre for Islamic Finance…

UAE, June 2, 2015 - Institute of Finance & Management subsidiary of aafaq Islamic Finance, a leading provider of Islamic finance products and services in the UAE, has recently signed a Memorandum of Understanding (MoU) with the University of Bolton’s Centre for Islamic Finance, an initiative designed to facilitate research and promote the understanding of Islamic Finance through ......read more

Drake & Scull Engineering awarded series of major contracts worth AED 350 million in Oman in Q2 2015…

Oman, June 01, 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 Drake & Scull Engineering Oman, a subsidiary of Drake & Scull Engineering, has ......read more

Gulf Capital Receives Dual Recognition for “Best Credit Fund” and “Best Private Equity Firm” in the ...…

Abu Dhabi- May 31, 2015– Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, received dual recognition at the Banker Middle East Awards yesterday when its flagship GC Credit Opportunities Fund I was voted as the “Best SME Credit Fund” in MENA and when the firm received the “Best Private Equity Firm” accolade for the 5th ......read more

Arabian Anti-Piracy Alliance named as REACT partner for the GCC…

UAE, May 12, 2015- REACT, an international not-for-profit cooperative association fighting the trade in counterfeit goods, has named the Arabian Anti-Piracy Alliance (AAA) as its strategic partner in the GCC in the efforts to combat piracy and the proliferation of counterfeit products. The AAA was selected by REACT for its contributions and extreme dedication in curbing piracy in the Middle East ......read more

Inbound deal value increases five-fold in Q1 2015: EY…

Q1 2015 MENA M&A deal value increases by 9% compared to Q1 2014 69% of MENA executives expect the deal market to remain stable in 2015 according to EY’s Capital Confidence Barometer Dubai, 05 May 2015: Announced deal value in MENA increased from US$8.2b in Q1 2014 to US$8.9b in Q1 2015, an increase of 9%, according to EY’s Q1 MENA M&A Update. In Q1 2015, 90 deals ......read more

Securitas UAE offers peace of mind with its holistic security approach…

Securitas UAE – the global knowledge leader in security services, has carved a niche with its value-added security solutions and expertise tailored to specific demands in the UAE and the region amidst surging terror and crime incidents across the globe. With its world-class services, Securitas UAE has achieved exponential growth in 2014, continuing the upward trend over the last three ......read more

Henley & Partners Forges Partnership with UNHCR to Support Global Refugee Cause…

Dubai, 06 April 2015 - Henley & Partners announces an innovative partnership with the United Nations High Commissioner for Refugees (UNHCR) and donates more than USD 1 million to help the global refugee cause. Henley & Partners, the global leaders in residence and citizenship planning for wealthy individuals and families, has announced the creation of an innovative partnership with the ......read more

GCC banks continue double-digit growth momentum…

Positive market development is raising the levels for all A recent study by The Boston Consulting Group shows that Middle East banking revenues continued to grow and reach double-digit rates in 2014 with a 10 percent increase, while profits rose by 14.7 percent. Increases in operating costs exceeded revenue growth by 10.7 percent. At an aggregate level, provisions for bad loans decreased by ......read more

The UAE Islamic banking sector is en route to achieve US$263b by 2019…

Sharia-compliant assets in the UAE crossed the US$100b milestone for the first time UAE Islamic banking industry was estimated to be worth US$127b in 2014 DUBAI, 29 MARCH 2015: The UAE is en route to achieve US$263b of Sharia-compliant assets by 2019 according to EY’s World Islamic Banking Competitiveness (WIBC) report. The industry was estimated to be worth US$127b in 2014, thus ......read more

Digital migration to dominate discussions at 10th Retail Banking Expo & Forum…

Region’s leading annual industry conference adds new exhibition component to line-up as IT investment by MEA financial community hits US$4.3 billion in 2014; trend set to continue as customers demand faster, simpler, smarter access and products plus 24/7 connectivity The annual Middle East Retail Banking Forum & Expo returns to Dubai from 6-7 April 2015 for its 10th anniversary ......read more

30% Surge in Jordan's E-Commerce Spurs Demand for Fraud Solutions…

Nation’s online shopping totals USD 200 million in 2014; payment solutions firm BPC to spotlight e-commerce and fraud solutions at upcoming banking tech summit BPC Banking Technologies, the leading provider of Open System payment solutions, today announced its participation at the 2015 installment of the Banking Tech Levant Summit in Amman, Jordan, over March 2 and 3. This edition of the ......read more

QnA International wraps up successful MICE Arabia Congress 2015…

Over 1800 business meetings arranged at this premier MICE & Business travel congress (Dubai, 1 March 2015) – The 3rd edition of MICE Arabia Congress, which was held on February 22-23, 2015 at the Ritz-Carlton Dubai International Financial Centre (DIFC), was concluded with success as it welcomed more than 300 attendees from some of the leading organisations in the Middle East involved ......read more

USD 11,427 billion Arab World Exports to Brazil in 2014…

UAE, 4 February, 2015 - Brazil continues to cement its bilateral trade relations with Arab countries as reflected in a surge in exports from the region. According to statistics released by the Arab-Brazilian Chamber of Commerce (ABCC), collective exports from the Arab World to Brazil recorded a substantial increase in 2014 to reach a total of USD 11,427 billion. The key products imported from the ......read more

Leading Insurance Broker in the GCC Expects Increasing …

Industry to Witness Rapid Growthas Employee Benefits become Determining Factor for Successful Recruitment in Region’s Competitive Business Environment DUBAI, United Arab Emirates: Insurance and savings penetration will continue to rise in 2015 due to developing regulations and increased awareness about the importance of financial security, according to Nexus Group, the region’s ......read more

DuPont successfully conducts first-ever demonstration in Kuwait of Thermo-Man®…

[UAE, December 9, 2014] - DuPont recently organized its first-ever demonstration in Kuwait of the Thermo-Man® life-sized instrumented mannequin system, one of the most advanced thermal burn injury evaluation devices, which was held at the capital’s Kuwait Fire Services Directorate Complex. The demonstration was aimed at providing more safety and protection to the country’s oil and ......read more

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