In Cooperation with the Ministry of Social Affairs and Labor
Kuwait – April 16, 2019: In cooperation with the Department of Public Events and Media in the Ministry of Social Affairs and Labor, Burgan Bank organized a fun day for persons with special needs at Sheikh Jaber Al-Ahmad Cultural Center. As part of Burgan Bank’s mission to integrate all segments into the society, the fun day falls under the Ministry of Social Affairs and Labors’ regular entertainment programs which constitutes several initiatives and recreational activities for the residents of the home.
Driven to highlight the importance of the special needs involvement within the social fabric of the Kuwaiti community, Burgan Bank organized the event to instill joy and happiness in the hearts of the special needs community by ......read more
Career spans over 44 years of experience in banking and investment
Kuwait –13 April 2019: Burgan Bank is pleased to announce the appointment of Mr. Masaud Mahmoud Haji Jawhar Hayat as a Group Chief Executive Officer after obtaining the approval of the Central Bank of Kuwait and the Board of Directors as of April 11, 2019. This move is a positive step towards facilitating the continuous development of Burgan Bank as one of the pioneering banks in Kuwait, the Middle East, and North Africa.
Mr. Masoud has a proven track record in banking, commercial and investment industries and asset management in the region. He has a backing of over 44 years of local and international expertise in executive, leadership, and supervisory positions in financial and banking institutions as well as investment companies. Mr. ......read more
Kuwait – 6 April, 2019: Held under the umbrella of the Kuwait Banking Association, Burgan Bank, one of the leading contributors to sustainability and progress in the Kuwaiti community, is sponsoring the 5 KM “KBA Night Run” for the 2nd time in a row scheduled to take place on April 13, 2019 at 7 pm at Murooj complex. As part of Burgan Bank’s ongoing commitment to encourage sports as a gateway to maintaining a healthier lifestyle, the bank encourages the participation of all families, athletes and avid runners to sign up for the much anticipated marathon.
Running under the theme of ‘Ready, Set, Glow ‘, the 5 KM run is a one of a kind event as it takes place at night accommodated by particular gear to glow in the dark, targeting both genders of all age groups at any level of ......read more
Kuwait – April 3, 2019: Burgan Bank has appointed Mr. Hameed Abul as Chief Private Banking Officer after obtaining the approval of the Central Bank of Kuwait as of March 27, 2019. Mr. Hameed Abul is responsible for directing, formulating, overseeing and implementing the overall strategy of the Private Banking Group. He is also responsible for guiding and providing strategic direction and leadership to a profitable growth while ensuring revenue potential is realized in a low risk and cost-effective manner.
Raed Al-Haqhaq, Chief Executive Officer of Burgan Bank - Kuwait said: “I would like to congratulate Mr. Hameed Abul on his new role as the lead to serve our high-net worth clients. As one of the most well-established wealth management service providers in Kuwait, we wish him luck and look forward to the ......read more
Kuwait - 2 April 2019: Burgan Bank announces that its airport branch will serve its customers and resume the normal working hours during “Al Esraa Wal Mearaj” holiday, on Thursday, 4th of April, 2019. The branch operates 24 hours in an effort to accommodate banking requirements for travelers’ during the public holiday.
On this occasion, Burgan Bank extends its best wishes and greetings to the public.
Shareholders approve Distribution of 12 fils Cash Dividend and 5% Bonus Shares for 2018
Kuwait – March 30, 2019: Burgan Bank held its Ordinary Annual General Assembly meeting and Al Shafafiyah Investors’ forum yesterday at the KIPCO Tower.
The Board of Directors presented the bank’s Full Year 2018 Financial Results to its shareholders, highlighting the solid performance delivered by the bank. The shareholders approved the payment of recommended Cash Dividend of 12 fils per share and the distribution of 5% Bonus Shares.
During the General Assembly, Burgan’s Board members for the next three years were elected, who are as follows:
1. Mr. Majed E. Al Ajeel
2. Mr. Masaud M. J. Hayat
3. Mr. Faisal M. Al Radwan
4. ......read more
Kuwait – 18 March, 2019: Burgan Bank is inviting its customers to enjoy a 10% discount at one of the most popular restaurants in Kuwait, “Haleeb O Heil”. The latest offer is part of the Bank’s aim to ensure every customer receives the chance to experience a wide range of priveleges.
With over five branches in Kuwait and one in Dubai, “Haleeb o Heil” incorporating a modern approach to its offerings, the restaurant offers a diverse range of cuisines while is particularly known for its traditional Kuwaiti food. In the same way, “Haleeb O Heil” offers classical traditional music that creates an entertainment and lively atmosphere, meanwhile, the customers enjoy their meals.
Kuwait – 09 March 2019: For the second year in a row, Burgan Bank successfully concluded its sponsorship of the Kuwaiti Project for Special Needs Exhibition that took place on 20 February 2019 under the patronage of Shaikha Sheikha Al Abdullah Al Sabah. Burgan Bank representatives presented how the special needs segment are fully accommodated with a comprehensive banking experience backed by enhanced accessibility and modern world-class technological applications.
The annual exhibition is conducted to showcase Kuwait’s concentrated efforts in facilitating their overall requirements and ensuring the optimal comfort of the special needs segment. In support of the Central Bank of Kuwait’s instructions and regulations, Burgan Bank has maintained 6 fully-equipped branches at convenient locations, in Adaliyah, Bayan, ......read more
During the National and Liberation celebratory season
Kuwait – 28 February 2019 – In conclusion of Burgan Bank’s special festive offer held during Kuwait’s most celebrated month, the Bank announced today the names of the Yawmi daily draw winners who received a cash-prize of KD 10,000 each.
The lucky winners are:
1. ABDULLAH MOHAMMAD QATEA ALENEZI
2. KAFI SHALLAL OBAID ALENEZI
3. GHASSAN MOHAMMAD ZEIN
4. FIFY MAHER MOHAMED ELNABRAWY
5. ESAM MUSAED MOHAMMAD ALMAILAM
This National and Liberation celebratory season, Burgan Bank welcomed its customers to a grand draw that granted the daily winners of its Yawmi account draw, with double the amount of its regular cash-prize of KD 5,000.
For more information on opening a Yawmi account, the new ......read more
Applying world-class learning events to foster a positive workplace culture
Kuwait – 21 February 2019: Burgan Bank, a leading banking institution and sought-after career destination, recently held a fun-filled day of team-building activities to enhance cross-functional communication and collaboration. The bank’s initiative aimed to elevate employee skills through innovative training techniques and global best practises in a relaxed and engaging environment. The team building event took place at Safir Fintas Hotel in Kuwait.
In an effort to boost team spirit and upgrade capabilities, Burgan Bank’s staff and leadership were inspired to work in teams, celebrate achievements together and maximize interdepartmental collaboration through a plethora of interactive activities. These activities were designed with clear ......read more
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
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
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
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
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
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
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
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
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
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.
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
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
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
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
Dubai, UAE, January 23, 2018: CBRE Group, Inc. (NYSE:CBG) today announced that Fortune magazine has named the company a World’s Most Admired Company in the real estate industry for the sixth consecutive year.
Fortune rates companies on nine attributes related to corporate performance. In 2018, CBRE was ranked second overall in the real estate sector (behind only Host Hotels ......read more
LONDON (S&P Global Ratings) Aug. 9, 2017: In a Credit FAQ titled "Potential Implications Of Qatar Boycott For Gulf Cooperation Council Sovereigns," published today, S&P Global Ratings responds to questions that have surfaced in recent discussions with issuers and investors about the implications of the Qatar boycott by a group of states for the Gulf Cooperation Council ......read more
UAE, June 12, 2017- The Arab-Brazilian Chamber of Commerce (ABCC) has welcomed the Kuwaiti Government’s announcement to import livestock from Brazil, saying that this new landmark development will lead to stronger and more vibrant trade ties between the two nations.
The decision authorizing the Brazilian livestock exports was finalized during the meeting held in Kuwait City between ......read more
Bond yields, US stocks tumbled on post-Comey Trump crisis
HG copper recovers as Chinese tightening prospects recede
Soybeans, sugar and coffee all hit by Brazilian real's tumble
Coffee plantation, Brazil: The political crisis in Brazil has impacted soybeans, sugar and coffee prices.
By Ole Hansen
The uncertainty related to the political future of US president Trump and his ......read more
May 09, 2017- Dhofar Global, a leading supplier of hygiene products in the Middle East, has marked its 10th anniversary with a celebration of its decade-long accomplishments and the unveiling of a more ambitious expansion plan to fully cement its market footprint across the region. The company recently hosted an event for their suppliers, clients and employees at the Westin Dubai Mina Seyahi ......read more
Dubai, UAE, March 29, 2017: Amazon (AMZN) today announced that it has reached an agreement to acquire SOUQ.com, an e-commerce leader in the Middle East. Joining the Amazon family will enable SOUQ.com to continue growing while working with Amazon to bring even more products and offerings to customers worldwide.
“Amazon’s entry into the region reflects the visionary foresight ......read more
Dubai, United Arab Emirates - March 28, 2017: The Middle East Investor Relations Association (MEIRA) signed a Memorandum of Understanding (MOU) with Boursa Kuwait in efforts to raise awareness of the Investor Relations (IR) function across the region through collaboration initiatives at local levels.
Alex MacDonald-Vitale, MEIRA Chairman, joined Mr. Khaled AlKhaled, Boursa Kuwait Vice ......read more
Kuwait – 20 March, 2016: ASAR - Al Ruwayeh & Partners (ASAR), Kuwait’s leading and most prominent corporate law firm, and one of the region’s top tier law firms, is pleased to have acted as Kuwait law counsel to the State of Kuwait, acting through the Ministry of Finance and represented by the Kuwait Investment Authority, on the establishment of its Global Medium Term Note ......read more
Under the patronage of His Highness the Emir of Kuwait and the attendance of His Excellency the Deputy Prime Minister, Minister of Finance
A dialogue platform between financial and economic policymakers and the banking sector leadership
Timely topics, that covers Islamic banking industry, technology, digital services, and the Kuwait Development Plan
Kuwait –March 13, 2017: ......read more
Agreement will see Zain Kuwait benefit from all end to end services provided by Ericsson as part of ADM.
Ericsson will provide the latest offering in Application Development and Maintenance to transform the operator’s business outcomes
Dubai, UAE, March 8, 2017: During the 2017 Mobile World Congress in Barcelona, Zain Kuwait and Ericsson have entered a three-year agreement ......read more
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
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
“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
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
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
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
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
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 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
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, 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
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
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
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
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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