KuwaitPR.com, Online Press Release from Kuwait
Featured in Banking and Investments
Burgan Bank Launches First-of-its-Kind Interactive Bank Statement in Kuwait

Driven to enhance overall banking experience Kuwait, 19 February 2019:  Burgan Bank, one of the most innovative banks in Kuwait, recently launched the first-of-its-kind interactive statement as part of its ongoing digital evolution. Keeping in line with the latest technological applications in banking, the eco-friendly interactive e-statements will enable Burgan Bank’s customers to view their account details in an interactive manner, instead of the traditional static version. Expanding on the eco-friendly email statements platform, the new interactive offering delivers optimal convenience through a dynamic search and sort feature, personalized infographics and a single point view of the entire relationship with the Bank, ensuring a differentiated experience. While the traditional statement that comes in a PDF ......read more

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

Kuwait – February 11, 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:    SANA AHAMD ABDULHUSSAIN ALBUSTAN ASAM JAFFAR JASEM ABDULRAHIM MAJEDAH IBRAHIM MULLA ABBAS ALBULOUSHI MAHMOUD ABDULLAH ABOU AMER SUAD AHMAD SALEM ABU HBAIL   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 ......read more

Burgan Bank Wins Elite J.P. Morgan Quality Recognition Award for 2018

The only Bank in Kuwait to have won the Award for the period from 2001-2018 consecutively Kuwait- 11 February 2019: Burgan Bank recently received the coveted ‘Quality Recognition Award’ for the year 2018 from J.P.Morgan Chase, in recognition of its consistently high quality performance. The award highlights the bank’s advanced standards maintained in the complete range of clients’ US Dollar funds transfer operations by the management and staff.  J. P. Morgan Chase commends the bank for achieving 99.58 percent straight-through processing (STP) in the MT103 category and 99.77 percent for the MT202 category of payments, thus, entitling Burgan Bank to the ‘Elite Quality Recognition Award’ in both categories. Highlighting the best-in-class straight-through processing (STP) rates, Burgan Bank was ......read more

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

Kuwait – 09 February 2019: Burgan Bank, announced today Mr. AHMED HUSSAIN HASSAN ALI 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 the ......read more

Burgan Bank Concludes its Sponsorship of the Ministry of Electricity and Water Team

Ministry of Electricity and Water Wins Indoor Football Championship! Kuwait – 7 February 2019: Burgan Bank, one of the largest supporters of the sports movements in Kuwait, recently sponsored the Ministry of Electricity and Water team who participated in the 2019 Ministries Indoor Football League that took place at Martyr Fahd Al-Ahmad Hall. The Ministry of Electricity and Water team won the championship league title.  During the awards ceremony, Deputy Director in the Public Authority for Sport, Mishaal Al-Hadba congratulated the Ministry of Electricity and Water team for their stellar performance in winning the title third year in a row as well as the Kuwait National Guard and Ministry of Awqaf and Islamic Affairs teams for their victory in second and third places.  The final match was attended by Deputy ......read more

Burgan Bank Sponsors Ahmadi Music Group's Biggest Concert in Kuwait's History

Empowering national talent and communities with world-class experiences Kuwait, 05 February 2019:  Burgan Bank, a leading contributor to the arts and cultural scene in Kuwait, is sponsoring Kuwait’s biggest orchestra comprising of 130 performers from all over the world. Following the success of the first ever classical music performance last year, Ahmadi Music Group returns to present one of Mozart’s most famous symphonies played by international calibers from the UK, Russia and Bulgaria.  Driven to support social advancement among all communities, Burgan Bank continues to sponsor one of Kuwait’s most prestigious music and arts organizations for the fifth consecutive year. This year, the respected music group celebrates the work of a legend, led by Maestro Richard Bushman, in one of the largest and ......read more

Burgan Bank attends the Institute of Banking Studies (IBS) Annual Graduation Ceremony which Honors its Employees

Kuwait – 5 February 2019: Burgan Bank, a leading career destination, recently celebrated the graduation of its employees during the Annual Institute of Banking Studies (IBS) ceremony that took place at the Kuwait Chamber of Commerce & Industry. Supporting up-to-date professional developmental opportunities to enable its employees to thrive in a competitive environment, the Bank congratulated each graduate on the successful completion of their certified programs.   Held under the patronage of H.E. Mohammad Yousef Al-Hashel, Governor of the Central Bank of Kuwait and Chairman of the IBS, the event was successfully orchestrated and certificates were distributed to employees who successfully completed the programs. These programs provided employees with a wide range of courses as part of their induction training course ......read more

Burgan Bank's Cricket Team Wins Prestigious Kuwait Cricket Bank League Championship Cup Trophy

Winners achieve victory over ten banks and earn leading Run Scorer  January 30, 2019 Kuwait:  Burgan Bank is pleased to announce its historic victory as Champion of the annual ‘Kuwait Cricket Bank League’ 2019, crediting its talented in-house Cricket team for the outstanding win. In a pulsating finals match, Burgan Bank defeated Al Ahli United Bank by five wickets, claiming the number one position. Considered one of the top cricket championship leagues in Kuwait with ten leading banks ¬¬vying for the honor, part of diversified initiatives and activities organized by Kuwait Banks Club for the banks’ staff. The league aimed at encouraging sports as a gateway to maintaining a healthier lifestyle. The Sports Committee of Burgan Bank congratulated the team on the incredible win and wished them ......read more

Burgan Bank Conducts Emergency Evacuation Drill for Staff

Kuwait – 8 January 2019:   As part of its regular in-house safety exercise’s,Burgan Bank recently conducted a surprise emergency evacuation drill for its employees at the Head office. The evacuation, which was attended by members of Kuwait Fire Service Directorate(KFSD), helped to evaluate employee response time as well as understand potential gaps and areas for improvement.  Burgan Bank and Kuwait Fire Service Directorate (KFSD) worked together to ensure employee safety and security of internal equipment. The staff underwent comprehensive training on how to manage disasters or accidents.  Part of the exercise also involved the simulation of a fire in the building  & also situation where few individuals  were trapped /r injured in one of the floors on the tenth floor.  Burgan ......read more

Burgan Bank's airport branch resumes normal working hours during New Year's holiday

Kuwait – 30 December, 2018:   Burgan Bank announced today that its airport branch will resume normal working hours during the upcoming New Year holiday, on Tuesday 1st January 2019. The branch will commence operations from 8:00 am to 10:30 pm, in an effort to accommodate banking requirements for travellers’ during the public holiday. On this occasion, Burgan Bank extends its best wishes and greetings to the public on the arrival of the New Year.

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Burgan Bank Successfully Issues KWD 100 Million Bonds in the Local Market

Kuwait – 29 December, 2018:    Burgan Bank, the second largest local conventional bank by assets size in Kuwait, announced today the successful private placement issuance of KD 100 million bonds in the local market. The bonds have a three-years tenor, and carry a fixed interest rate of 4.125% per annum.  This transaction, which represents the first of its type to be undertaken by a Kuwaiti bank in the local market, was oversubscribed, being well-received by both institutional investors and high net worth individuals alike.  Mr. Majed Essa Al-Ajeel, the Chairman of Burgan Bank commented: “We are pleased with the trust and confidence placed in us by the investors in our bonds. This issuance is testament to Burgan’s commitment to support the continued development of the local debt capital ......read more

Burgan Bank Increases Authorized Capital in its 34th Extra-Ordinary General Meeting

Mr. Al-Ajeel: “We are grateful for the continuous support and trust that our shareholders have placed in us” Kuwait, 23 December 2018:   Burgan Bank, Kuwait’s second largest conventional bank by assets, raised its authorized capital ceiling after obtaining shareholders’ approval in the 34th Extra-Ordinary General meeting held yesterday. The Bank’s authorized capital ceiling was raised from KD 250,000,000 to KD 400,000,000 and it to be utilized in the future as needed.  Mr. Majed Essa Al Ajeel, the Chairman of Burgan Bank commented: “We are grateful for the continuous support and trust our shareholders have placed in us. Increasing the authorized capital ceiling will allow the Bank in the future, and when needed, to maintain healthy capitalization ratios in accordance with ......read more

Burgan Bank Employees Attend Exclusive Workshop on Planning for Impact - Frameworks for CSR Initiatives” organized by En.v & Pearl Initiative

Collaborative efforts steered towards enhancing the role and impact of the civil society sector in Kuwait Kuwait – 20 December 2018:   Burgan Bank recently participated in a high-impact workshop named "Planning for Impact - Frameworks for CSR Initiatives”. Dedicated to fostering social development and civic engagement in the Middle East, the event brought together regional and international CSR experts who shared innovative CSR strategies to create positive multidimensional impact. The workshop was delivered by En.v and Pearl Initiative, a non-profit organization focused on enhancing corporate governance, accountability and transparency in the private sector.  The 2-day workshop aimed to upgrade the capabilities of CSR managers across Kuwait. Drawing particular attention to impact measurement, ......read more

Burgan Bank Employees Successfully Conclude Participation in the ‘Productivity, Engagement & Peak Performance' Conference

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

Burgan Bank Appoints Raed Al-Haqhaq as Chief Executive Officer for its Kuwait Operations

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

Jean-Damien Marie appointed as Head of Investments EMEA in Barclays Private Bank & Overseas Services

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

Burgan Bank Sponsors ‘Waves of Brazil' for the Second Consecutive Year

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

INJAZ Al-Arab Gears-up for the 12th Annual Young Arab Entrepreneurs Competition to be held in Kuwait

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

Burgan Bank Invites Every Kid to the ‘International Children's Day' Festival' at the Avenues Mall

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

Burgan Bank Celebrates Successful Graduation of Young Bankers

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

Burgan Bank Offers Exclusive Discount to Youth Customers on Richards Coffee Bar

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

Burgan Bank Announces Another Strong Quarter

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

Burgan Bank Sponsors the First “Awaken Festival” in Collaboration with en.v

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

Burgan Bank Hosts the “Job Shadow” Program in Collaboration with INJAZ Kuwait

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

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

Other Top Stories from Banking and Investments
 
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

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

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