Kuwait, 15 December 2018: Burgan Bank staff recently completed its active participation in the final event of the year by the widely popular educational platform – Knowledge Club on December 11. The bank’s middle and senior level employees learned about leading management practices and cutting-edge research to substantiate the importance of employee engagement.
Entitled ‘Productivity, Engagement & Peak Performance’, the conference addressed the art of boosting employee’s engagement levels and productivity to improve business results. During the intensive session, participants interacted with best-selling authors, international keynote speakers, and globally sought-after trainers to gain insights into the trends that affect businesses today, hands-on strategies to enhance employee engagement ......read more
Mr. Al-Ajeel: “We are confident that under the leadership of Mr. Al-Haqhaq, the Bank will continue its solid performance.”
Kuwait – December 10, 2018: Burgan Bank has announced today the appointment of Mr. Raed Al-Haqhaq as Chief Executive Officer for its operations in Kuwait after obtaining approval from the Central Bank of Kuwait. Mr. Al-Haqhaq played a vital role in shaping and executing the strategic direction of Burgan Bank - Kuwait under his previous role as Deputy Chief Executive Officer – Kuwait and will continue to lead the bank to the next phase. Mr. Al-Haqhaq assumed his new responsibilities as of 3rd December 2018.
Mr. Majed Essa Al-Ajeel, Chairman of Burgan Bank Group said: “I would like to congratulate Mr. Raed Al-Haqhaq on his new role. With an exemplary track record and a ......read more
Kuwait, 26 November 2018: Barclays announces today that Jean-Damien Marie has joined as Head of Investments EMEA in Private Bank & Overseas Services.
With over 20 years’ experience in capital markets, asset and wealth management business development and portfolio construction for large asset owners, Jean-Damien brings deep private banking and investment expertise to the team to support the delivery of the high-growth strategy for Private Bank & Overseas Services across the region. He will be responsible for the development and positioning of Barclays as a best-in-class advisory and discretionary manager and as a leading sales, trading and transactional idea provider in EMEA and will be based in Geneva.
Jean-Christophe Gerard, Head of Investments, Private Bank & Overseas Services, ......read more
Kuwait, 26 November 2018: Burgan Bank, an important supporter of cultural activities in Kuwait, is pleased to announce it sponsored the Brazilian Musical Night ‘Waves of Brazil’ at the Yarmouk Cultural Center for the second year in a row. Held on 18 November 2018 under the patronage of the Brazilian Ambassador to the State of Kuwait, H.E. Norton de Andrade Mello Rapesta, the event aimed at advancing the soul-soothing musical scene in Kuwait and honoring the essence of rich Brazilian performances.
The musical extravaganza brought by “Choro Livre,” the well-renowned musical group, captivated the audience, and put it at ease with their soothing melody, proving the power of music to bring out positive emotions. ‘Choro Livre’ plays contemporary versions of the classics of Choro and fills ......read more
Held Under the Patronage of His Highness the Amir of the State of Kuwait Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah
25 November 2018: INJAZ Al-Arab – member of Junior Achievement Worldwide – is hosting their 12th Annual Young Arab Entrepreneurs Competition in Kuwait between November 26 and 29, 2018. The competition will see 80 students from 11 countries across MENA compete over 12 award categories before their peers and a panel of high-profile judges.
Held under the patronage of His Highness the Amir of the State of Kuwait Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah, the event will welcome over 180 attendees from INJAZ teams, volunteers and chaperons. The competition will conclude with a glittering award ceremony to be held on November 28, welcoming over 400 guests, including high-school and university ......read more
Kuwait – November 19, 2018: In line with its dynamic full-fledged community program that encourages positive change, Burgan Bank is delighted to announce its support as the lead sponsor of the upcoming ‘International Children’s Day Festival’. As an avid advocate for children's development and wellbeing, the bank’s support of this international day promotes children’s welfare worldwide.
Through its first strategic collaboration and sponsorship with Porsche Club Kuwait, the bank will enable a four day celebration filled with exciting and interactive activities dedicated to bringing happy moments for all children. Scheduled to be held from 21- 24 November 2018 at The Avenues - Phase 4 from 10 am till 10 pm, the theme of the event is to remain active and enjoy every second. Burgan Bank ......read more
One-month program aims at providing solid practical & theoretical experience
Kuwait, October 31, 2018: In keeping with its reputation as a leading banking institution and sought-after career destination, Burgan Bank recently celebrated the graduation of the new batch of 20 trainees from Burgan Bank’s new Burganers Development Program . Led by the Learning & Development department, it is dedicated to raising the bar of excellence and performance for future Kuwaiti bankers by accommodating the new graduates with comprehensive training and professional learning experiences which constitutes the ideal start to their career in the banking sector.
Initiated nearly a decade ago, the program focuses on equipping the new recruits with the necessary qualifications, core competencies, and experience to perform ......read more
Kuwait - 30 October 2018: Promising its customers receive advantageous offers from popular outlets in Kuwait, Burgan Bank announced its latest partnership with Richards Coffee Bar that will entitle its Youth customers with an exclusive 15% discount. Youth cardholders can indulge in the genuine and unique taste of coffee beverages served at Richards Coffee Bar, famed for its coffee bean seeds collected from around the world.
Burgan Bank seeks to keep abreast of modern preferences, especially for coffee lovers as coffee grabs a large sector of people in Kuwaiti society. As this new offer allows the customers to benefit from the discount on Richards Coffee Bar, the most prominent specialty coffee bar and professional roaster, situated in Kuwait City. Richards Coffee bar provides a fun and comfortable atmosphere surrounded by ......read more
Net Income reaching KD71.0 million (USD235 million) in Nine months with 32% growth YoY
Operating Income reaching KD206.6 million (USD685 million) in Nine months, 15% growth YoY reflecting Solid Operating Capabilities
Kuwait – October 29, 2018: Burgan Bank Group announced today its nine months earnings for the financial year 2018 reporting a net income of KD71.0 million (USD235 million) with a growth of 32% year on year while during the third quarter of 2018 the Bank registered KD20.5 million (USD68 million) growing 36% in comparison to the same period last year. The set of results for the period ending in 30th September 2018 demonstrated solid operating capabilities and efficiencies.
Earnings per share grew for the first nine months by 38.5% year-on-year reaching 26.6 Fils, and achieving return on ......read more
Long term partnership aims to bolster civil society sector capacity and capabilities within Kuwait
Kuwait –24 October 2018: As a positive contributor to Kuwait’s society, Burgan Bank has forged an eighteen month partnership ending March 2020 with en.v, an organization dedicated to fostering social development and civic engagement in the Middle East. The new strategic collaboration aims to ameliorate the spread of knowledge through innovative platforms and initiatives, and drive the sustainability of local communities. To kick-start the partnership, Burgan Bank is sponsoring the first event, titled ‘Awaken Festival’ to enhance the civil society’s capacity and capabilities in Kuwait. The festival will be held during the period of 15-17 November 2018 at Dar al-Athar al-Islamiyyah in Yarmouk ......read more
Reinforcing its mission to build strong leaders of tomorrow
Kuwait – 23 October 2018: As a sought-after career destination that seeks to develop the skills and expertise of future leaders in the market, Burgan Bank recently hosted a “Job Shadow” program in collaboration with INJAZ-Kuwait. Through the latest skills-building program, Burgan Bank aims to create a highly educated generation of ambitious and driven professionals. The “Job Shadow” Program offers school students the opportunity to explore different business sectors through a series of workshops and field visits that are presented by the respective heads, professionals, and business owners.
INJAZ-Kuwait is a private sector driven, non-profit organization that works on developing and building business and entrepreneurial ......read more
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
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
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.
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
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
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
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
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
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
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
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
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
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
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
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
- 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
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
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: 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
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
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
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
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
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
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
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
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
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
Written by Jameel Ahmad, Chief Market Analyst at FXTM
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
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
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 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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 – 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
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
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
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
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
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
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
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
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