As part of its efforts to raise public health awareness in extension to its comprehensive social responsibility program Kuwait, 7 June 2023:  Burgan Bank announced that it will be sponsoring and actively participating in Al Ahmadi Governorate’s blood donation drive campaign for the fourth year in a row. The campaign, titled “Every Drop…Saves a Life,” is set to take place at Al-Kout Mall on June 9, 2023, under the auspice of His Excellency Sheikh Fawaz Khaled Al-Hamad Al-Sabah, Al Ahmadi Governor. The campaign comes as part of Burgan Bank’s social responsibility program, which involves a range of goals, including raising the public’s awareness of h ......read more

Kuwait, 7 June 2023: Kuwait International Bank (KIB) announced signing two agreements with Grand Hyatt Kuwait 360 Mall and Hyatt Regency Al Kout Mall to provide its Black segment customers with special offers and exclusive discounts. This privileged segment can now benefit from special accommodation prices and exclusive discounts on recreational facilities and restaurants at the two luxurious hotels, especially during public and festive holidays like Eid Al-Adha.  On this occasion, Khalid Al Hulaibi, Segments Manager at KIB, said: “Since day one of launching our Black segment package, KIB has dedicated special and continuous attention to its elite segment customers, all while ......read more

05 June 2023:  The International Air Transport Association (IATA) announced an expected strengthening of airline industry profitability in an upgrade of its outlook for 2023. Highlights include: Airline industry net profits are expected to reach $9.8 billion in 2023 (1.2% net profit margin) which is more than double the previous forecast of $4.7 billion (December 2022). Airline industry operating profits are expected to reach $22.4 billion in 2023, much improved over the December forecast of a $3.2 billion operating profit. It is also more than double the $10.1 billion operating profit estimated for 2022. Some 4.35 billion people are expected to travel in 2023, which is closin ......read more

Burgan Bank remains a steadfast supporter of Al Ahmadi Governorate's initiatives Kuwait, 5 June  2023:  Burgan Bank recently announced the renewal of its long-standing partnership with the Al Ahmadi Governorate, continuing its year-long sponsorship of local community initiatives under the governorate’s social campaign for the fourth year in a row. Extending the cooperation aligns with the Bank’s commitment to supporting community partners and its comprehensive social responsibility program.  As a national initiative designed to promote social and cultural development in Al Ahmadi, Kuwait’s second-largest governorate, the social campaign aims to re ......read more

4 June 2023:  The International Air Transport Association (IATA) unveiled a series of roadmaps aimed at providing step-by-step detailing of critical actions and dependencies for aviation to achieve net zero carbon emissions by 2050. These roadmaps address aircraft technology, energy infrastructure, operations, finance, and policy considerations leading to net zero.   With the adoption of a Long Term Aspirational Goal (LTAG) at ICAO’s 41st Assembly, governments and industry are aligned to reach the same net zero CO2 emissions goal by 2050. As policy initiatives lay the foundation on which many of the needed innovations and actions will rest, these roadmaps will be a crit ......read more

Six unique generations underscore the successful journey of this ‘ultimate’ sedan in the region   KUWAIT, 4 June 2023: Following the regional launch of the new 2023 Nissan Altima, the technologically-advanced sedan is celebrating three decades of rich heritage, legacy, and innovation in the Middle East. Now in its sixth generation, the Nissan Altima continues to differentiate itself through bold and dynamic styling, cutting-edge performance, and a host of innovative technologies.   Regarded as one of Nissan’s best-selling nameplates with over six million units sold globally, the Altima’s success story dates back to 1992 when it made its entry int ......read more

Kuwait, 4 June 2023:  Kuwait International Bank (KIB) announced that it will continue to service customers around the clock during the National Assembly’s election day via its various digital banking channels and platforms. The Bank aims to meet the needs of its customers, whether inside Kuwait or abroad, during the holiday.  The Bank will be officially closed on Tuesday, June 6, 2023, and will resume its official working hours on Wednesday, June 7,2023.  KIB highlighted its commitment to serving and supporting its customers and enabling them to follow up on their financial affairs and complete their banking transactions without disruption and with the utmost effic ......read more

Kuwait, 3 June 2023:  Burgan Bank announced today the names of the Kanz account monthly draw winners, who will each take home a KD 2,000 cash-prize. All Kanz customers who maintain a minimum balance of KD 200 for at least one week before the draw date, are included in the draw, and their chances of winning increase with higher deposits.    The 20 lucky winners are:  • RADHIY MUTLAQ ALOWAYED • SHAHRAM ABDULHUSSAIN FORGHANI • HUSSAIN ALI ALASAAD • MESHAL SULAIMAN ALKOUH • NASER AJEEL ALENEZI • FATEN SAAD ALHAMDAN • FAISAL MOHAMED ALSHALAAN • SHEIKH FAHAD JABER ALAHMAD ALSABAH • FATEMAH AHMAD HASAN ......read more

Kuwait, 3 June 2023: Kuwait International Bank (KIB) announced that it will attend and participate as a bronze sponsor at this year’s edition of the Bonds, Loans and Sukuk Middle East 2023 conference. The sponsorship of the Middle East’s largest corporate and investment banking event comes as part of the Bank’s commitment to actively develop the financial sector in the local and regional markets by supporting relevant events and forums in this field.  On behalf of KIB, Hesham Al-Mubaraki, General Manager of Wholesale Banking, Acting General Manager of the International Banking and Large Corporate Department; Khaled Ismaeil, Assistant General Manager of Internation ......read more

For sun seekers and daydreamers, embrace the summer season with the new Pandora Moments collection.   Pandora welcomes the bright new energy of the summer, launching symbols of the golden season: a collection of personal emblems designed to define and inspire for the season ahead.   New symbols for the season The new collection is full of energy and mysticism with symbols representing the essence of summer, drawing inspiration from the celestial and animal world.   Crafted as connecting charms in 14k gold plating and sterling silver, sun and moon symbols capture the radiance of positivity, light and new hope. The pairing of opposites is also incorporated in the collecti ......read more

Designed for the Bank’s Black Banking segment customers  Kuwait, 30 May 2023: Kuwait International Bank (KIB) is pleased to announce the launch of its Biometric Visa Card, which uses the customer’s fingerprint to authorize POS transactions. The new offering will allow Visa Infinite cardholders to enroll their fingerprints on their biometric cards easily instead of requiring a PIN. The next-generation biometric card is based on Zwipe’s platform and dedicated to KIB’s Black Banking segment of customers, in line with the Bank’s digital transformational journey and ongoing efforts to provide its customers with digitally enhanced services and solutions.  ......read more

Kuwait, 30 May 2023:  Burgan Bank recently participated in and sponsored the 19th International Jewelry Exhibition, which concluded on a high note. The event drew many local, regional, and international visitors to the International Fair grounds in Mishref over the course of six days, from May 24 to 29, 2023. The Bank’s sponsorship of the prominent fair is an extension of its dedicated efforts to support organizations that boost trade and commerce activities across Kuwait and are vital to the local economy.  As part of its sponsorship and participation, representatives of Burgan Bank were present with a booth to highlight the Bank’s diverse range of products and se ......read more

KIB shareholders can subscribe to capital increase online Kuwait, 29 May 2023: Kuwait International Bank (KIB) announced the start of the subscription process to increase its capital by offering 428,571,429 shares, at a value of KD 60 million, after obtaining the necessary approvals from the relevant regulatory authorities. The capital increase comes in line with the Bank’s strategy to achieve further development and growth, as the Bank will use the proceeds of the capital increase to support the Bank’s regulatory capital ratios. In addition, the proceeds will be additional investments in developing its digital infrastructure to provide digital banking services of high qual ......read more

KUWAIT, 29 May: This summer, Abdulmohsen Abdulaziz Al Babtain Company (AABC), the sole authorized dealer of Nissan vehicles in Kuwait, is unveiling an exceptional leasing campaign that will make driving home in a new vehicle easier and more accessible than ever.  The most exciting highlight of the campaign is the zero-down payment leasing option on select models, which Nissan customers can take advantage of to hit the road in style without any upfront cost. The zero-downpayment option is available on the most sought-after Nissan models including Nissan Patrol V6 and V8, giving customers the opportunity to launch into their summer adventures with top-notch on-road and offroad perfo ......read more

 BRINGING YOU MORE BRANDS FOR LESS   Kuwait, May 2023: The BFL Group is pleased to announce the launch of three new boutiques in Kuwait. The group recently launched their third Brands For Less store in Al Rai with their first-ever Muy Mucho and Luxury for Less spaces opening on May 18th.    The BFL Group is one of the world’s leading off-price retailers of fashion and homeware - the new launch in Kuwait is designed specifically to bring you a curated selection of pieces across various categories but at an unbeatable price point.    Since starting their journey in 1996 in Lebanon, the BFL group is steadily growing throughout the Middle East and Europe ......read more

Kuwait, 27 May 2023: Kuwait International Bank (KIB) announced that June 1st is the last date to open or deposit in Al Dirwaza account to enter the July monthly draw for a chance to win prizes of KD 20,000 for 11 winners. Accordingly, the Bank is reminding its current and potential customers to open or deposit more in Al Dirwaza account to increase their chances in July’s Draw that will take place in the presence of representatives from the Ministry of Commerce and Industry, as well as representatives from KIB. Ali AlSane, Manager - Product Development, Digital Transformation & Innovation at KIB, said: “We encourage everyone to take advantage of this opportunity to open ......read more

The TT ‘Tourist Trophy’ course is notorious, and for good reason. The first TT Race was held on the Isle of Man in 1907 and featured in the World Championship until 1976. The time trial format race sees the world’s leading road racers tackle the iconic 37¾ mile TT mountain course that has been in use since 1911. Inspired by this legendary event, the white dial design of the Bremont Isle of Man TT Limited Edition is inspired by a high-performance speedometer gauge with a thick black track ring running clockwise from 8 o’clock around to 4 o’clock. Its stainless steel Trip-Tick® case construction with a bi-directional rotating ceramic bezel houses the ......read more

Vint Cerf awarded for his pioneering work in the architecture of the Internet  Kuwait City, Kuwait, May 25, 2023 - Today, Google Cloud announced that Vint Cerf, Chief Internet Evangelist, was awarded Kuwait’s Informatics Medal from HH Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, the Crown Prince of Kuwait. Vint received the honorary award for his pioneering work in the architecture of the Internet. The Informatics Medal is the highest recognition in Kuwait bestowed upon an Arab or an international figure for their outstanding contributions to informatics and societal development. Vint Cerf received the award at a ceremony presided over by His Highness Sheikh Mishal Al-Ahmad Al- ......read more

 Google Cloud executives met with HH Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, the Crown Prince of Kuwait, and official representatives from government entities  Google Cloud announces launch of new National Skilling Program in partnership with the Government of Kuwaitat the Build & Transform with Google Cloud event    Kuwait City, Kuwait, May 24, 2023 - Google Cloud previously announced its intent to open a new cloud region and a country office in Kuwait as part of its strategic alliance with the government that was activated at the beginning of this year. The new cloud region will meet broad demand for cloud services in the country, and will support pub ......read more

With unique features for an outstanding banking experience    Kuwait, 25 May 2023: Kuwait International Bank (KIB) recently showcased the exclusive benefits of its Visa Infinite credit card, marking the beginning of an exciting season of travel and shopping. These benefits come as part of the Bank’s strategy for rewarding its loyal customers. In adherence to KIB’s slogan, “Bank for Life”, the campaign adds to the Bank’s continuous efforts to provide customers with all the banking products and services that satisfy their daily needs, suit their modern lifestyles, and ultimately elevate their overall banking experience. On this occasion, Khalid ......read more

KUWATI CITY, 20th May: Al Hamra Real Estate Company proudly collaborated with TEDx Kuwait City on Saturday, 20th May, to host the highly anticipated 2023 edition of TEDx. The event, held at the iconic Al Hamra Business Tower, marked a momentous occasion for both organizations and showcased Al Hamra's commitment to social responsibility, community betterment, and the empowerment of youth, women, and entrepreneurs. TEDx Kuwait City brought together a diverse lineup of local leaders from various fields who shared their experiences and insights, invoking thought-provoking discussions on shaping a brighter future. The Sky Lobby located on the 55th Floor of the prestigious Al Hamra Busine ......read more

Kuwait, 24 May 2023: Abdul Mohsin Abdulaziz Al-Babtain Company (AABC), the exclusive authorized dealer of Nissan vehicles in Kuwait, packs a powerful punch with its latest offers, tailored for summer getaway enthusiasts starting this May. A string of exciting offers has been lined up for Nissan's cornerstone models, Patrol V8, Patrol V6, and Super Safari. The highlight of the campaign, titled ‘Defy Ordinary,’ is the Patrol V8 which will be more accessible than ever with two enticing offers. Patrol enthusiasts can enjoy a leasing option that meets their short-term commitments with zero down payment that allows customers to drive in the car of their dreams with a peace-of-mi ......read more

Planned capital increase of up to KD 60 million through the issuance of approximately 428.6 million shares at a price of 140 fils per share KIB shareholders can subscribe to capital increase online  Kuwait, 24 May 2023: Kuwait International Bank (KIB) announced its preparation to start the subscription process to increase its capital by offering 428,571,429 shares, at a value of KD 60 million, after obtaining the necessary approvals from the relevant regulatory authorities. The capital increase comes in line with the Bank’s strategy to achieve further development and growth, as the Bank will use the proceeds of the capital increase to support the Bank’s regulatory capit ......read more

CATRICE introduces its highly anticipated Spring/Summer Collection, designed to help you achieve the perfect summer look. Discover an array of must-have products that guarantee long-lasting wear, effortless application, and a radiant finish. Start your radiant summer look with CATRICE's Glow Super Vitamin Serum is a must-have for Skintellectuals. Enriched with a powerful combination of 2% vitamin C, 8% niacinamide, and 1% vitamin E, this nourishing serum revitalizes your skin. Its lightweight, fragrance-free formula absorbs quickly, providing intense hydration and promoting a healthy, radiant complexion. Experience a flawless, matte complexion that lasts all day with CATRICE's ......read more

Kuwait, 24 May 2023:  Burgan Bank announced that it recently participated as a platinum sponsor in the Career Growth Fair organized by the American University of Kuwait (AUK). The Bank’s sponsorship of this event is part of its ongoing efforts to support young talents, contribute to employment creation in the banking sector, and stimulate healthy economic growth.     As part of the Bank’s participation, representatives of Burgan’s Human Resources Department were on hand at the fair to answer all the questions and inquiries of student job seekers to enable a smooth transition into the workforce after graduation. The representatives also sought to sp ......read more

Reflecting strength of the Bank’s financial core Kuwait, 22 May 2023: Burgan Bank announced that Capital Intelligence Ratings (CI Ratings), the international credit rating agency, has affirmed the Long-term Foreign Currency and the Short-term Foreign Currency of Burgan Bank ratings at “A+” and “A1”, respectively. At the same time, CI Ratings also affirmed Burgan’s Bank Standalone Rating at “bbb+”, Core Financial Strength  rating at “bbb+”, and Extraordinary Support Level at “High”. The latest rating comes as a testament to the Bank’s solid financial core and stable standing.  Moreover, CI Rating ......read more

With the participation of decision-makers, central bank governors, and top bankers from around the world Kuwait, 23 May 2023: Kuwait International Bank (KIB) announced its diamond sponsorship of the Euro-Med Economic and Banking Summit 2023, set to take place from 24 to 26 May in Paris, France. The summit is organized by the Union of Arab Banks (UAB), in collaboration with the French Banking Federation, Union Bancaire Francophone, European Banking Federation, International Chamber of Commerce, French-Arab Chamber of Commerce, and the Union for the Mediterranean. Entitled “For a Sustainable Euro-Mediterranean Economic Relationship,” the summit will be held under the auspices of ......read more

As part of the Bank's commitment to students and their development  Kuwait, 20 May 2023: Burgan Bank recently sponsored the American United School’s (AUS) seventh annual Art’s Night, held under the theme “Lights, Camera, Music: From Broadway to Hollywood.” The latest sponsorship is a testament to the Bank’s commitment to student development and fostering confidence-building environments where creativity can thrive. It also comes as part of Burgan Bank’s broad social responsibility program and efforts to make a positive difference in the community.  In celebration of the arts, around 600 participants who attended the event were intro ......read more

The lucky draw will be conducted on July 6, 2023  Kuwait, 18 May 2023:  As the month of May approaches its end, Burgan Bank revealed that there are only a few days left to enter the Kanz semi-annual draw, for the chance to win the KD 500,000 cash prize. As part of efforts to maximize people’s chances of winning life-changing rewards, the Bank is calling on its current and potential customers to take advantage of the final days to either increase their Kanz account balance or open a Kanz account before May 31, which marks the last day to enter and have a chance to win the semi-annual prize.  The winner of the semi-annual draw will be announced on July 6, 2023, in th ......read more

Kuwait, 17 May 2023: Kuwait International Bank (KIB) announced the launch of its new TV commercial designed to shine a light on its all-inclusive digital loyalty program, KIB Rewards. The program, which is the best of its kind in Kuwait, allows customers to collect reward points with every banking transaction and activity upon their registration on the KIB Rewards platform. The commercial comes within the framework of the Bank’s commitment to continuously communicate with its customers and provide them with a clear idea about KIB Rewards, which is rich in offering comprehensive and exclusive benefits.  Commenting on this announcement, Marwa Marafie, Manager of Marketing and C ......read more

Kuwait, 16 May 2023: Kuwait International Bank (KIB) continues to provide the best exclusive financing offers on consumer products and services, in partnership with IKEA Kuwait. This comes within the framework of the Bank’s continuous commitment and relentless efforts to provide unprecedented banking solutions and a unique shopping experience to its customers. In this regard, Othman Tawfiqi, General Manager of Retail Banking Services, said: “KIB continues to strengthen its strategic partnerships with consumer service providers, to reward its customers with the best products and prices to meet their lifestyle needs and maintain its excellence. We at KIB see our partnership wi ......read more

Perrelet’s 50-piece limited-edition Turbine Poker watch, revealing a poker game-inspired sub-dial, is now available in Maison Luxe, Dubai Mall. Dubai, May 12, 2023:  Maison Luxe, the leading luxury multi-brand retailer of watches and fine jewelry, hosted an exclusive event for the worldwide launch of the highly coveted limited-edition Turbine Poker collection from Perrelet. Renowned worldwide for its exceptional timepieces, Perrelet is a Swiss-based watchmaker celebrated for its patented double rotor and turbine technologies. During the exclusive event held at Maison Luxe in Dubai mall, guests were offered a unique opportunity to experience the captivating allure of the ......read more

 In extension to its comprehensive digital transformation efforts Kuwait, 15 May 2023: Burgan Bank announced that all customers can now open its signature saving and draw account, Kanz, in just less than a minute using the Burgan Bank Mobile application. This comes as part of the Bank’s comprehensive digital transformation strategy, which aims to facilitate and enhance the customers’ banking experience using Burgan’s suite of digital products and services available on Burgan Online. Designed as a dual saving and draw account, Kanz promises Burgan customers higher chances of winning the account’s periodical draws the more that they save. The draw prizes rang ......read more

• Project win includes upgrade of Steam Turbines and Generators for eight steam units as well as control system at Sabiya Power and Water Distillation Station   • Upgrade to extend lifetime of steam turbines & generators by up to 20 years, increasing efficiency and ensuring safe and reliable power generation and water production in Kuwait   Sabiya Power Station in Kuwait   KUWAIT CITY, Kuwait - May 15, 2023 – Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), announced that it had been awarded a long-term contract by the Kuwait Ministry of Electricity & Water & Renewable Energy to optimize the per ......read more

With the participation of more than 100 companies from various vital sectors in Kuwait Kuwait, 14 May 2023: Kuwait International Bank (KIB) announced that it participated as sponsor of Baiti Exhibition, designated for the construction of the Al-Mutlaa area. This distinguished step comes as part of the Bank's strategy to contribute to social and sustainable development and support trends aimed at providing banking solutions that advance the concept of social welfare, based on KIB's slogan “Bank for Life”. Commenting on the sponsorship, Abdulrahman Al Bahar, Assistant Manager in the Retail Banking Department at KIB, said, “We are always keen to be present at s ......read more

Hosted for the first time in Kuwait at AUK in the presence of 300 engineering scientists and researchers   Kuwait, 14 May 2023:  Stemming from its commitment to supporting educational initiatives, Burgan Bank announced its sponsorship of the 14th IEEE Global Engineering Education Conference (EDUCON 2023). The conference was hosted for the first time in Kuwait by the American University in Kuwait’s (AUK) College of Engineering and Applied Sciences. This sponsorship comes as part of Burgan Bank’s expansive social responsibility program to reinforce sustainable development and science-and-technology-based initiatives that pave a path toward a brighter future. Th ......read more

Kuwait, 13 May 2023: Sheikh Mohammed Jarrah Al-Sabah, Chairman of Kuwait International Bank (KIB), announced the financial results for the first quarter of 2023. The Bank achieved net profit attributable to shareholders amounting to KD 3.5 million, Earnings per share (EPS) was 3.15 fils, which grew by 42% compared to KD 2.5 million, 2.22 fils for the first quarter of 2022. Total operating income was almost KD 17.2 million, which grew 7% compared to the first quarter 2022.  Commenting on the latest financial results, Al-Jarrah said: “The first quarter results validate the Bank’s stable financial standing and steady, sustainable growth trajectory. They also reflect KIB&rs ......read more

With the participation of more than 100 companies from various sectors Kuwait, 13 May 2023 Burgan Bank announced its gold sponsorship of Baiti Exhibition, the largest housing exhibition in Kuwait, designated for the development of the Al-Mutlaa area. The Bank’s initiative comes as part of its strategic commitment to playing a leading and effective role in social progress and sustainable development, in addition to providing banking solutions that meet the needs of all customer segments. Burgan Bank’s participation in this unique housing exhibition provides a variety of financing solutions and banking services that suit the lifestyles of customers and meet their aspirat ......read more

Posting a Net Income of KD 7.6 million Kuwait, 11 May 2023:  Burgan Bank (“Burgan” or “the Bank”) announced its financial results for the first quarter  ending March 31, 2023. The Bank reported KD 54.7 million in Revenue for Q1’23, up 4% from Q1’22, driven by growth in Net Interest Income of KD 34.4 million( +8% y-o-y) and Net Fees Income of KD 10.2 million (+9% y-o-y). Burgan generated  Operating Profit of KD 25.8 million for Q1’23 while its Loan Provision charges for Q1’23 significantly reduced to KD 4.3 million (improvement of 69% y-o-y) driven predominantly by improved performance of the bank’s portfolio in Turke ......read more

Kuwait, 11 May 2023:  Burgan Bank (“Burgan” or “the Bank”) announced its financial results for the first quarter  ending March 31, 2023. The Bank reported KD 54.7 million in Revenue for Q1’23, up 4% from Q1’22, driven by growth in Net Interest Income of KD 34.4 million( +8% y-o-y) and Net Fees Income of KD 10.2 million (+9% y-o-y). Burgan generated  Operating Profit of KD 25.8 million for Q1’23 while its Loan Provision charges for Q1’23 significantly reduced to KD 4.3 million (improvement of 69% y-o-y) driven predominantly by improved performance of the bank’s portfolio in Turkey. Accordingly, Burgan’s cost of cre ......read more

As part of its “Skills for the Future” efforts to advance its professional caliber    Kuwait, 9 May 2023:  In a bid to maintain its leading position as an Employer of Choice that consistently caters to its employees’ need for growth, Burgan Bank announced the deployment of the AI-guided soft skills development platform, CK Connect from CrossKnowledge Wiley. The new development initiative, which is the first of its kind in Kuwait, aims to aid Burgan staff in advancing at their own pace and in line with their personal needs and interests. This comes as part of Burgan Bank’s efforts to offer a comprehensively outstanding experience for its employees ......read more

Kuwait, 9 May 2023: Kuwait International Bank (KIB) announced the name of the winner of its Al Dirwaza digital account opening campaign for the month of May, whereby customer Hussain Ramadan Mohammed Qotb won the draw. This draw comes after the Bank renewed the campaign designed to provide a distinctive digital banking experience and to reward customers who opened an Al Dirwaza account through digital platforms, whether KIB Online or the KIB Mobile application. In this regard, Nawaf Al-Khrayef, Assistant General Manager of the Retail Banking Department at KIB, reaffirmed that the draws and prizes of this distinctive campaign contribute to encouraging customers to save, on the one hand, and ......read more

In support of children’s theater and developing youth capabilities   Kuwait, 8 May 2023 :  Burgan Bank is celebrating the success of its sponsorship of the play, “Abracadabra”, which kicked off on the first day of Eid Al-Fitr on the stage of the Handball Hall in Daiya. As one of the most prominent theatrical productions for children in 2023, the play featured educational messages for children, in addition to singing and big performances.  The “Abracadabra” play was produced by Trend Production, in cooperation with playwright Mariam Naseer, and was directed by artist Bader Al Shuaibi. It starred Yaqoub Abdullah, Bader Al Shuaibi, Nasser Abba ......read more

Company pledges to achieve carbon neutral operations by 2045 Kuwait – May 7, 2023] Global technology brand HONOR today published its first-ever Environmental, Social and Governance (ESG) Report, outlining its goals and progress made across its seven ESG pillars including Environmental Protection, Technology for Good, and Youth Empowerment. With the release of the report, the company has also pledged to accelerate its sustainability and decarbonization efforts to reduce its carbon emissions by 88%, achieve 100% use of renewable energy and reach carbon neutral operations by 2045, aligning with China’s goal to reach carbon neutrality by 2060. “We are delighted to celebra ......read more

Suite of aftersales services offers a seamless experience for customers, while providing more value, convenience and trust Kuwait (7 May 2022) – Nissan AL Babtain has marked a new milestone as part of its strategy to transform the aftersales journey for its customers in the region, with the launch of ‘Nissan Service’ across its dealership partner network in the Middle East. Deepening Nissan’s commitment to customer satisfaction, this suite of aftersales products and services aims to offer greater value and convenience and solidify Nissan’s reputation as a trusted brand among customers in Kuwait.  Designed around evolving customer needs and expectation ......read more

Al Dirwaza account is the best of its kind in Kuwait for offering the highest monthly expected returns and cash prize draws   Kuwait, 6 May 2023: Kuwait International Bank (KIB) announced the names of the winners in the fourth Al Dirwaza account monthly draw, based on customers’ April deposits. The draw was held in the presence of representatives from the Ministry of Commerce and Industry, as well as representatives from the Bank. In this draw, MARIAM HUSSAIN ALKANDARI won KD 10,000, whilst the KD 1,000 prize was awarded to 10 winners in total: Bader Saleem Salem Alrasheedi, Alaa Ali Hussian AlHamad, Mohamed A M Metwaly, Ali Hussain Abdullah Aljazzaf, Ahmad Abdulmohsen A ......read more

The highest cashback rate in the market with a wide range of benefits designed for customer convenience and varying needs Kuwait, 6 May 2023:  Burgan Bank announced the launch of a new series of Cashback cards, the best of their kind in Kuwait, supported by a wide range of diverse benefits designed to meet the needs of customers locally and globally. This step comes in line with the Bank's strategy aimed at rewarding its customers and providing the best banking products and services that suit their daily lifestyle. The innovative proposition from Burgan Bank comes in 3 variants of Cards- Two credit cards and one Prepaid card built with top-of-line Cashback benefits.  T ......read more

• 127 commercial aircraft delivered in Q1 2023 • Revenues € 11.8 billion; EBIT Adjusted € 0.8 billion • EBIT (reported) € 0.4 billion; EPS (reported) € 0.59 • Free cash flow before M&A and customer financing € -0.9 billion • Guidance unchanged   04 May 2023 – Airbus SE (stock exchange symbol: AIR) reported consolidated financial results for its First Quarter (Q1) ending 31 March 2023.   “The first quarter confirmed strong demand for our products, particularly for commercial aircraft. We delivered 127 commercial aircraft, which is reflected in the Q1 financials. The quarter also benefited from ......read more

A unique talent program setting a new benchmark for human capital development across Kuwait’s banking sector Kuwait, 3 May 2023:  Burgan Bank recently celebrated the graduation of 52 aspiring Burgan talents who have successfully concluded the first round of the Bank’s dynamic talent development program, Ro2ya, each completing their relevant learning path.  The graduation ceremony, which was held at Dar Al-Athar, was attended by Mr. Fadel Mahmoud Abdullah, Acting Deputy Group Chief Executive Officer & CEO – Kuwait, and Chief Corporate Banking Officer, and Mrs. Halah Mohammad El-Sherbini, Group Chief Human Resources and Development Officer at Burgan Bank ......read more

Setting a new market benchmark for seamless and speedy banking experiences Kuwait, 1 May 2023:  Burgan Bank announced that all customers may now easily open Burgan Bank’s Al-Rateb Salary Account in just 45 seconds, using the Burgan Bank Mobile Application. The seamless service comes as part of Burgan’s comprehensive digital transformation efforts, which aims to ensure ease, speed, and efficiency at every step of the customers’ digital banking experience. Designed with customers’ lifestyles and unique needs in mind, Al-Rateb Account was launched in September 2022, offering many special benefits, such as allowing customers to get a cash gift up to KD 2,000 up ......read more

Pandora pays tribute to all mother figures by acknowledging the diversity of motherhood this International Mother’s Day   Pandora pays special tribute to everyone who loves like a mum this International Mother’s Day. Whether connected by family, biology, friendship, experience, or all of the above, the new International Mother’s Day collection and campaign celebrate the innumerable different forms in which a mother’s love is expressed and explored, reaching far beyond its traditional understanding.   To honour a mother’s love, Pandora’s Mother’s Day Moments and Timeless collections have been embedded with meaning and messages to refle ......read more

Xiaomi inaugurates its biggest store at Dubai Mall, showcasing the latest tech products and offering a 50% discount on opening day. Dubai, United Arab Emirates, April 27, 2023- Xiaomi, a leading global technology company, recently opened its biggest flagship store in the United Arab Emirates (UAE) at the Dubai Mall. The much-awaited official store opening took place on April 26th at an exciting event attended by technology enthusiasts and Xiaomi fans across the country, in the presence of Ronnie Wang, General Manager of Xiaomi Middle East and Levant, Arjun Batra, Country Manager of Xiaomi UAE, Tony Qin, Head of Xiaomi Middle East Retail, Ria Yu, C1 General Manager, and Yuchen Han, C1 Retail ......read more

Kuwait, 27th April 2023:  Burgan Bank’s Ramadan campaign broke records across TV channels and its platforms, with staggering viewership numbers and great participant turnout. Throughout the holy month, an impressive number of the Bank’s customers and social media users interacted with the series of entertaining videos that required them to solve mysteries to become entitled to enter cash prize draws. The Bank published a series of two episodes, delivering a visual feast with stunning imagery and a compelling narrative that perfectly captured the essence of Ramadan. As a result, the campaign reached almost 14 million views during the holy month.  Throughout the campai ......read more

Kuwait, 25 April 2023: Kuwait International Bank (KIB) launched its Eid clothing humanitarian initiative, dubbed  “Kiswat Al Eid”, in collaboration with the Kuwait Red Crescent Society (KRCS), as part of its annual Ramadan campaign. This initiative aims to support and promote charitable and humanitarian practices that offer a helping hand to the families in need across Kuwait during the blessed holy month, reflecting the Bank’s dedication to community outreach and social responsibility.  Commenting on the initiative, Fahad Alsarhan, Senior Manager from the Marketing Department and the Corporate Communications Unit at KIB, said: “As part of our collaborati ......read more

Kuwait, 24 April 2023: As part of its leading social responsibility program, Kuwait International Bank (KIB) organized an Iftar banquet for security guards of the Joint Banking Complex in appreciation of their efforts and role in working around the clock to ensure covering all shifts. This initiative comes as part of KIB’s activities within the framework of its Ramadan campaign this year, introduced under the slogan “Do Good”, which embodies the Bank’s commitment to the ethical and human values that prevail in the Kuwaiti society.  Basil Al-Suwaidan, General Manager of the Information Security, Privacy and Anti-Fraud Department at KIB, said: “This init ......read more

Kuwait, 19 April 2023:  Burgan Bank announced that it will be closing all branches starting Sunday April 23, 2023, on the occasion of the Eid Al Fitr holiday. The Bank will resume normal operating hours at all branches on Wednesday, April 26, 2023. However, to accommodate Burgan Bank customers, the Airport Branch will continue to operate 24/7 during the holidays.    For more information about Burgan Bank’s products and services during the Eid holiday, customers can contact the customer service center at 1804080, via phone or WhatsApp. Customers can also continue to conduct their financial transactions easily and securely using the Burgan Bank mobile app or the online ......read more

As part of its strategy to honor to the continuous efforts and achievements of its staff Kuwait, 19 April 2023:  In a continuation of Burgan Bank’s policy of honoring its employees and in an effort to recognize their achievements in 2022, Burgan Bank celebrated a group of its most exceptional staff for their outstanding efforts throughout the year. This step comes in line with Burgan’s core philosophy of investing in its human capital and its recognition of its team members being the main drivers of the Bank’s success.  To honor the employees, Burgan Bank organized a special ceremony at its heaquarters, which was attended by Mr. Naser Al Qaisi, Chief Retai ......read more

Kuwait, 19 April 2023: Within the framework of its corporate social responsibility program, and as part of its celebration of the Gergean heritage festival, Kuwait International Bank (KIB) participated in the annual Arab Orphan Day event. Taking place under the auspices and in the presence of Minister of Social Affairs and Community Development and Minister of State for Women and Childhood Affairs, Engineer Mai Al-Baghli, the Family Nursery Department organized the annual festivities under the slogan “We are your friends”. Commenting on the occasion, Abdullah Al Khamees, from KIB’s Marketing and Corporate Communications Unit, stated that this initiative came as part of ......read more

April 19, 2023. On April 18th, the 20th Shanghai International Automobile Industry Exhibition opened grandly at the Shanghai National Convention and Exhibition Center. At the world's largest and most influential international A-class auto show, Chery Motors released its third-generation PHEV technology, showcasing its latest development path in the face of opportunities in the era of electrification and intelligence to global users, and creating a grand vision for Chery's brand to lead the future travel of new energy vehicles.                                            &nb ......read more

April 19, 2023:  Celebrate the month of Ramadan and Eid with carefully hand crafted pieces by Pandora. Featuring the latest Pandora Timeless collection, choose from a selection of elegant pieces that are perfect for wearing or gifting to that special someone. Pandora Timeless is a collection of elevated, classic yet contemporary jewellery that offers infinite layering and stacking possibilities. Pavé is a big part of Pandora’s heritage and identity, and this season it has received a modern spin resulting in a stunning pavé that is very specific to Pandora. This new technique is featured on rings, earrings and necklaces in sterling silver and 14k gold plating. The collection ......read more

Kuwait, 18 April 2023: Kuwait International Bank (KIB) is encouraging its customers to make use of and enjoy its cashback program and other rewards all year long, especially during the holy month of Ramadan and Eid Al-Fitr period. As part of its unwavering commitment to reward its customers, KIB Cardholders enjoy up to 5% and KD 600 cashback on all local and international credit and prepaid card transactions.  The cashback program is available to all KIB card holders when they spend a minimum of KD 100 either at home or abroad. Customers are encouraged to choose from a wide range of credit and prepaid cards and enjoy Cashback ranging from 1-5%, in addition to promotions, travel rewards ......read more

In collaboration with KRCS Kuwait, 18 April 2023:  As part of efforts to positively impact the local community it serves, Burgan Bank joined hands with the Kuwait Red Crescent Society (KRCS) for another good cause of holding a toy drive in celebration of Eid Al-Fitr. The initiative is part of the Bank's special Ramadan campaign with the slogan “Driven by Kindness” and falls under the umbrella of its long-established and ongoing collaboration with KRCS.  As part of the initiative, more than 1,000 toys will be distributed to children across Kuwait during Eid Al-Fitr. The toy drive falls in line with the Bank’s unwavering commitment to playing an active rol ......read more

In continuation of its inspiring series of talks   Kuwait, 18 April 2023:  Following its successful launch in September 2022, Burgan Bank hosted its second Burgan Talk earlier this month, featuring Ms. Sara Al-Sayegh, one of the Bank’s most aspiring talents in its Ro2ya development program. The Burgan Talk initiative is one of the Bank’s numerous efforts dedicated to motivating and inspiring its staff to reach for their own best and develop their own personal skills. Addressing the turnout of 50 staff members, Al-Sayegh chose to share her story as a storm chaser – a hobby that comes with its unique challenges and rewards, and is made even more challengi ......read more

Kuwait, 17 April 2023: Kuwait International Bank (KIB) announced the names of the winning customers in the Al Dirwaza digital account opening draw during the months of February and March. The lucky winners were Rashid Faleh Rashid Al Tamimi and Nasser Hlail Shamshir Al-Enezi. The draws were held as the Bank recently relaunched its campaign designed to provide a distinctive digital banking experience and reward KIB customers who opened Al Dirwaza accounts digitally through the Bank’s digital platforms, whether via KIB Online or the KIB Mobile application.  In this regard, Nawaf Al-Khrayef, Assistant General Manager of the Retail Banking Department at KIB, confirmed that the dr ......read more

Kuwait, 16 April 2023: Nissan’s Max-Out all-electric convertible concept is set to make its China debut at Auto Shanghai 2023 on April 18. Accompanying it will be a wide range of new and future products that promise to exceed expectations, including two other concepts — making their global debut — designed to meet the diverse mobility needs of consumers in China.  A new EV concept model designed for China and made there will take center stage alongside the Max-Out. Both offer an exciting and confident driving experience that’s tailored to a broad range of lifestyles and needs while supporting Nissan’s global plans.  The Max-Out was first revealed ......read more

Kuwait, 17 April 2023:  Burgan Bank announced the appointment of Mr. Tony Daher as its new Group Chief Executive Officer (GCEO) after obtaining the approval of the Central Bank of Kuwait. Mr. Daher will assume responsibilities and commence his duties on April 16, 2023. He succeeds Mr. Masoud M. J. Hayat, who had served as the GCEO since April 2019 and Vice Chairman since 2013.  Commenting on the new appointment, Sheikh Abdullah Nasser Sabah Al-Ahmad Al-Sabah, Chairman of Burgan Bank, said: “We are pleased to appoint Tony Daher as the new GCEO of Burgan Bank. His expansive banking and financial experience, not to mention his excellent track record of values-driven leadershi ......read more

Kuwait, 15 April 2023: As part of this year’s social responsibility program during Ramadan, Kuwait International Bank (KIB) organized an Iftar meal initiative for those fasting throughout the Holy Month. This initiative was organized with the help of volunteers from KIB, the ‘KIB Heroes’, in line with the Bank’s pledge to play an active role within the local community beyond the scope of its financial services and solutions.  On this occasion, Abdullah Al Khamees, from the Bank’s Marketing and Corporate Communications Unit at KIB, said, “The Iftar meals consist of nutritious, complete daily meals that will be distributed during the holy month of Rama ......read more

Kuwait, 15 April 2023:  Burgan Bank has embraced the spirit of Ramadan by partnering with the Kuwait Association for the Care of Children in Hospital (KACCH) and Bayt Abdullah Children's Hospice (BACCH) to distribute toys to children in hospitals, under the umbrella of its special Ramadan campaign with the slogan entitled “Driven by Kindness”. This initiative comes as part of Burgan Bank’s Ramadan CSR program for this year that aims to spread joy and hope to children, attesting to the Bank’s commitment to spearhead positive community engagement.  A group of employees from the Bank personally distributed toys to children at Jaber Hospital and Al Amiri ......read more

Kuwait, 14 April 2023:  In adherence to the highest standards for safety and security in the workplace, as well as its civil responsibility, Burgan Bank organized an honorary ceremony to pay tribute to six Kuwait Fire Force officers in gratitude for their efforts in directing a successful fire drill. The ceremony was hosted at the Bank’s headquarters and was attended by top management, represented by Mr. Masoud M.J Hayat, Vice Chairman and Group Chief Executive Officer at Burgan Bank, Mr. Fadel Mahmoud Abdullah, Acting Deputy Group Chief Executive Officer and CEO - Kuwait and Chief Corporate Banking Officer, Eng. Saud Al-Hadbah, Head of General Services Administration – A ......read more

13 April 2023:  The International Air Transport Association (IATA) welcomes the United Arab Emirates (UAE) ratification of the Montreal Protocol 2014 (MP14), a move that will strengthen the global legal deterrent against unruly and disruptive passenger incidents onboard flights.  “IATA welcomes the leadership shown by the UAE in ratifying MP14. Not only will this give the UAE authorities important new powers in dealing with unruly passengers that land in the country, but as a major aviation market and ICAO Council member, it will also encourage other States to ratify MP14. Ensuring greater international harmonization and strengthening the legal deterrent against unruly and ......read more

 Abbey’s Productions Founder, Sheikha Abrar Khaled Al Sabah, highlights the importance of bringing Arabs together through entertainment and media.  The Ramadan series has hit above 11 million views on ‘social media’ platforms.  Saqata Sahwan revives the Kuwaiti Egyptian ties through comedy. Kuwait, 12 April 2023: Founded by Sheikha Abrar Khaled Jaber Al Ali Al Sabah, Abbey’s Productions, a Kuwait-based production house that focuses on developing the caliber and enhancing the quality of Arab films and television content, brought this Ramadan on Arab screens a light series called Saqata Sahwan (fell in an oversight), which merges Kuwaiti and E ......read more

Kuwait, 12 April 2023:  Burgan Bank concludes the eighth and final competition of the Kuwait Equestrian Federation (KEF) Tour for the 2022-2023 showjumping season, which was held at the Kuwait Riding Center (KRC) venue. The sponsorship of KEF’s tour falls under the umbrella of the Bank’s comprehensive social responsibility program, which centers around promoting the sports culture in Kuwait and fostering youth development through sports.  On the first day of the league’s eighth competition, equestrian Abdulrahman Al-Fuzae was able to take first place, followed by the equestrians Abdullah Al-Roudan and Ali Al Khorafi in second and third places, respectively. On ......read more

Kuwait, 11 April 2023: As a diamond sponsor of the Union of Arab Banks (UAB) annual events, Kuwait International Bank (KIB) sponsored the Sustainability and Sustainable Finance Forum, which was held at Park Regency Hotel in Sharm El Sheikh, Egypt. The Banks’ sponsorship comes as part of its vast efforts to enhance its role in supporting the transition towards banking sustainability.  Nawaf Najia, Executive Manager of the Corporate Communications Unit (CCU) at KIB, said: “As an Islamic bank whose key areas of focus are financial inclusion and sustainable finance, we are delighted to offer our sponsorship and take part in the Sustainability and Sustainable Finance For ......read more

Kuwait, 10 April 2023: Kuwait International Bank (KIB) relaunched its annual Machla distribution initiative, in collaboration with the Kuwait Red Crescent Society (KRCS), during the upcoming Holy Month of Ramadan, as part of its dedicated efforts to serve the people of its community, especially underprivileged families. The Machla initiative is a key pillar of KIB’s traditional yearly Ramadan campaign, launched in sync with the spirit of mercy and giving during the month of fasting.    Commenting on this occasion, Fahad Alsarhan, Senior Manager from the Marketing Department and the Corporate Communications Unit at KIB, said: “The Machla distribution initiative is ......read more

As part of the Bank’s comprehensive Ramadan campaign “Do Good”    Kuwait, 9 April 2023: In celebration of the holy month, Kuwait International Bank (KIB) launched the “Do Good and Honor Your Neighbor” initiative as part of its month-long Ramadan campaign, “Do Good”, which comes under the umbrella of the Bank’s overarching social responsibility program. The initiative manifests the Bank’s commitment to the values and morals that permeate and define the Kuwaiti society. It also acts as an open invitation for the KIB community to practice and spread goodness during Ramadan.  Realizing the importance of cohesion and so ......read more

Kuwait, 9 April 2023:  Burgan Bank announced today the names of the Kanz account monthly draw winners, who will each take home a KD 2,000 cash-prize. All Kanz customers who maintain a minimum balance of KD 200 for at least one week before the draw date, are included in the draw, and their chances of winning increase with higher deposits.    The 20 lucky winners are:  • AFRAH ABDULLAH MOHAMMAD • MAHDI MOHAMMAD MAQAMES • MESHARI HAMEED ALSOUR • ALYA MOHAMMED ABDIN • KHALED TALAL ALALI • JAAFAR AHMAD ALTARRAH • HAMAD MATER ALRESHEEDI • ABDULAZIZ JASSIM ALFAILAKAWI • OLA MOHAMMED MOGHITH • M ......read more

As part of their strategic partnership in the field of social responsibility and humanitarian work Kuwait, 8 April 2023:  As part of its Corporate Social Responsibility (CSR) program for the holy month of Ramadan this year, Burgan Bank is renewing its cooperation with the Kuwait Red Crescent Society (KRCS) to organize a Ramadan food basket distribution initiative to consolidate the values of solidarity, giving and compassion in the community. This charitable act falls under the umbrella of the Bank’s long-established strategic partnership with KRCS to support needy families in overcoming livelihood challenges.  The initiative will witness the participation of a Burgan B ......read more

7 April 2023 - Viu, PCCW’s leading pan-regional over-the-top (“OTT”) video streaming service, has strengthened its collaboration with Zain, Kuwait’s leading operator and digital service provider, to offer a complimentary Viu Premium subscription to active customers on selected plans of Zain’s all-new home broadband MAX offerings.  This collaboration marks a significant milestone in Viu’s relationship with Zain Kuwait, offering customers the opportunity to experience the platform’s content that caters to diverse audiences with complete and ad-free access to Viu Premium, Arabic Original series, Korean and Turkish content.  Rohit D's ......read more

Redmi Note 12 Series continues to bring flagship-exclusive features to upper-mid-range devices, redefining photography, and overall user experiences. Dubai, United Arab Emirates, April 7, 2023:   Xiaomi announced yesterday the highly anticipated release of the Redmi Note 12 Series in the GCC region. The launch event was held at the W Hotel in Dubai as part of Xiaomi's commitment to bringing innovative products to the region. More than 200 attendees from across the GCC, including content creators, tech editors, media, and authorized dealers were present to witness the unveiling of the new smartphones. The popular lineup features five exciting devices: Redmi Note 12 Pro+ 5G, R ......read more

Kuwait, 6 April 2023: Kuwait International Bank (KIB) concluded its participation in the job fairs that were held at the campuses of the Kuwait International Law School (KILAW) and the Public Authority for Applied Education and Training (PAAET), after having witnessed the participation of a large number of distinguished institutions and economic entities in Kuwait. Commenting on both job fairs, General Manager of the Human Resources Department at KIB, Feras Al-Darmi, said: “The participation in these vital event reflects KIB’s commitment to its social responsibility program and its strategy of investing in young national cadres and talents. It also represents an excellen ......read more

As part of efforts to create synergy and operational efficiency Kuwait, 6 April 2023:  Led by the Vice Chairman and Group CEO of Burgan Bank, the CEOs Summit included both Burgan Bank and KIPCO group subsidiaries banks’ CEOs, which was held in Amman, Jordan, and hosted by Jordan Kuwait Bank.  The summit was convened with the objective of discussing and addressing the developments and changes in the global economic environment during a critical year faced by the investment and banking sectors and institutions. The delegation included from Burgan Bank Kuwait Mr. Masoud M. J. Hayat, Vice-Chairman and Group Chief Executive Officer. He was joined by Mrs. Huda AlShammari, Gro ......read more

Kuwait, 5 April 2023: Kuwait International Bank (KIB) is marking Ramadan this month with a compelling call to action campaign, featuring both new and traditional initiatives to make the holy month of fasting and prayer even more special for its employees, customers and wider community. The new campaign, introduced under the slogan “Do Good”, is part of the Bank’s traditional yearly Ramadan program that reflects its dedicated efforts to better serve the people of its community.  Commenting on this month’s rich calendar of activities, Fahad Alsarhan, Senior Manager of External Communications at KIB, said: “As the holy month holds great value for our empl ......read more

In a continued effort to advance its staff and outstanding Kuwaiti talents   Kuwait, 5 April 2023:  Burgan Bank announced that five of its talented employees, who were selected from the Bank’s Ro2ya program, have successfully completed the 2022 Innovation Challenge Program. The program was organized by the Kuwait Foundation for the Advancement of Sciences (KFAS) and designed in partnership with London Business School (LBS). Burgan’s participation in the Innovation Challenge Program underscores its unwavering commitment to developing its staff’s personal and professional capabilities. It also highlights the Bank’s earnest contribution to advancing the l ......read more

Increasing its monthly and semi-annual draws to KD 2,000 and KD 500,000 respectively Kuwait, 5 April 2023:  Burgan Bank announced the revamped Kanz Draw account, with attractive new benefits and higher prizes for its monthly and semi-annual draws. This comes as part of Burgan’s continuously evolving retail strategy, in an effort to maximize customers’ chances of winning even higher rewards that can transform their lives. The remodeled draw account prizes will grant customers an exclusive opportunity to win a KD 2,000 cash-prize in the monthly draw instead of KD 1,000 and a KD 500,000 cash-prize in the semi-annual draw instead of KD 350,000. Meanwhile, the grand prize f ......read more

Kuwait, 4 April, 2023: Kuwait International Bank (KIB) recently announced its new strategic partnership agreement with Midas, as part of its commitment to enhance customers’ experiences with the best financing offers on consumer products and services.    The Bank’s collaboration with Midas, which offers customers from both parties flexible financing deals with long-term credit facilities, marks a continuation of KIB’s ‘Best’ financing program; the strongest program of its kind in Kuwait that lives up to the demands of customers’ modern lifestyle. Within the framework of the new strategic partnership, KIB customers will be granted easy f ......read more

Al Dirwaza account is the best of its kind in Kuwait for offering the highest monthly expected returns and cash prize draws   Kuwait, 3 April 2023: Kuwait International Bank (KIB) announced the names of the winners in the third Al Dirwaza account monthly draw, based on customers’ March deposits. The draw was held in the presence of representatives from the Ministry of Commerce and Industry, as well as representatives from the Bank. In this draw, Lulwah  Abdulhadi Abd Mutib won KD 10,000, whilst the KD 1,000 prize was awarded to 10 winners in total: Hardeep Sing Sahni Sing Sahni, Ahmed Assem Mohamed Mahmoud, Abrar Waleed Jassim Alsharqawi, Dherar Saleh Ali Altara ......read more

Featuring strategic partnerships and initiatives with the aim of spreading joy in the community   Kuwait, 3 April 2023:  Burgan Bank announced the launch of its special Ramadan campaign under the slogan “Driven by Kindness ” as part of its distinguished Corporate Social Responsibility (CSR) program for the holy month. This campaign falls in line with Burgan Bank’s continuous efforts to encourage community engagement and promote the culture of volunteering to carry out charitable activities building on the fundamental principles of the Bank’s goals and vision. As part of this year’s CSR program, the Bank is organizing several humanitarian and social i ......read more

In its continuous efforts to spread financial and banking literacy   Kuwait, 2 April 2023: Kuwait International Bank (KIB) recently highlighted the complete package of services it provides to its customers of determination, reaffirming its commitment to further integrate this segment of society into its activities. This falls in line with the Bank’s leading social responsibility program and its initiatives that aim to spread financial and banking literacy among different segments of society. As part of its participation in the “Let’s Be Aware” campaign, the Bank called attention to the set of procedures it developed for customers of determination, ensuring ......read more

As part of its ongoing efforts in bolstering the sports culture in Kuwait Kuwait, 2 April 2023:  Burgan Bank recently announced its sponsorship of the Kuwaiti national padel team in the NAS Padel Tournament 2023. The tournament’s tenth edition, hosted by the United Arab Emirates (UAE), is set to take place at the Nad Al Sheba Sports Complex on April 4, 2023, with the participation of eight national teams from across the Arab region. The sponsorship comes as part of Burgan’s Ramadan campaign, “Driven by Giving”, as well as its overarching social responsibility program and ongoing commitment to nurturing the sports culture in Kuwait. Despite the sport&rsquo ......read more

Shareholders approved distribution of 8 fils cash dividend and 5% bonus shares Kuwait, 1 April 2023: Burgan Bank held its 58th Annual General Assembly meeting and it’s 36th Annual Extraordinary General Meeting  at its Head Office on Saturday, April 1st, 2022, with a quorum of 79.268%. The Bank’s Board of Directors submitted to its shareholders the financial results achieved for the year ending December 31, 2022, which reflected strong growth in the Bank’s Net Income. Accordingly, the Bank’s shareholders approved the distribution of cash dividend of 8 fils per share, in addition to 5% bonus shares for the fiscal year 2022.   During the meeting ......read more

KUWAIT – March 31, 2023 – Agility, a long-term investor and operator in supply chain services, infrastructure, and innovation, today reported full-year 2022 earnings of KD 68 million, or 26.83 fils per share, an increase of 180.7% over the same period in 2021, excluding results from its Global Integrated Logistics (GIL) unit, which was sold in 2021. Agility’s EBITDA increased 65.7% to KD 180.5 million and revenue grew 77.6% to KD 863.4 million.  The results include: five months of performance from Menzies Aviation, acquired by Agility in 2022; four months of performance by HG Storage International, acquired by Agility’s Tristar Business in 2022.    ......read more

Kuwait, 1 April 2023: Kuwait International Bank (KIB) revealed that it would be providing Eidiya services once again in its branches across Kuwait in the lead up to the Eid Al Fitr celebration. Furthermore, KIB is bringing back the Eidiya Home Delivery service exclusively for its KIB Black segment customers. Commenting on the initiative, Faisal Alshwaired, Assistant General Manager of the Retail Banking Department – said: “KIB’s Eidiya services come as part of our persistent efforts to continuously provide the best banking services to our customers, delivering on our slogan's promise of being a ‘Bank for Life’. The provision of Eidiya notes across all ......read more

Kuwait 29 March 2023: With the onset of Ramadan 2023, Abdulmohsen Abdulaziz Al-Babtain Co (AABC), the sole authorized dealer of Nissan in Kuwait, is thrilled to announce its latest Service promotion across all Nissan models. This year’s Ramadan campaign is the perfect opportunity for families to take advantage of exciting deals, including generous discounts of up to 25% on genuine parts, complimentary vehicle checkup, and top-notch body polish services starting at an unbeatable price of just KD 25. AABC’s Aftersales network is the largest in Kuwait and enjoys a great reputation in the market for providing a range of customer-focused services including live service bookings, ......read more

In a bid to empower Kuwait's youth and introduce them to the world of banking   Kuwait, 29 March 2023:  In its latest effort to contribute to the development of Kuwait’s youth, Burgan Bank hosted 37 junior and senior students from the American United School of Kuwait (AUS) on Monday, March 20th  at its head office. The field visit, which was intended to educate the students about the world of banking, comes as part of Burgan’s overarching social responsibility program that puts the development and empowerment of youth and the spread of banking awareness at the forefront of its goals.  Accompanied by a number of Burgan Bank employees, the student ......read more

Kuwait,  28 March 2023: Al Ahli Bank of Kuwait (ABK) announced Saud Abdulaziz Al Shatti as the winner of KD10,000 in the Alfouz weekly draw. The winner was announced on Monday, 27 March 2023. The draw was held under the supervision of the Ministry of Commerce and Industry.  The Alfouz draw account offers ABK customers the chance to win life-changing rewards. With Alfouz, ABK customers will get a chance to win KD10,000 in the weekly draw and the ultimate grand prize of KD5,000 monthly additional income for 10 years. Both new and existing ABK customers can benefit from this opportunity, with a minimum account balance of KD100 only. ABK encourages everyone to open Alfouz draw ac ......read more

Kuwait, 28 March 2023: Burger King Kuwait organized a tree-planting event throwing in an exciting mix of fun, learning and environmental awareness for children on Saturday. This is the third such edutainment activity by the BK Junior Club app in the last 9 months, starting with the beach cleanup drive, followed by the ‘King of the Space’ event.    With joyous hearts and eager hands, fifty children joined forces to be part of the initiative, conducted in partnership with Green Hands, a renowned environmental team. Together, they planted 500 saplings at the picturesque Al Tasameh & Altasleh park in Andalous.  Accompanied by their parents and siblings, the day ......read more

Kuwait, 27 March 2023:  Burgan Bank recently concluded its participation as a diamond sponsor in the Career Fair organized by the Gulf University for Science and Technology (GUST), which was held over three days. The Bank’s participation underscores its commitment to actively support the educational sector and Kuwait’s youth population, while driving growth and development in the economy at large.   GUST’s career fair witnessed a noticeable turnout from the visitors, while representatives of Burgan Bank’s Human Resources Department were present to answer all the questions and inquiries of students looking for job opportunities in the banking sector. ......read more

Kuwait, __ March 2023: Kuwait International Bank (KIB) announced the relaunch of its campaign designed to enable its customers to open an Al Dirwaza account digitally through the bank’s digital platforms, whether via KIB Online or the KIB Mobile application. This step comes as a continuation of the Bank's efforts to provide customers with a more convenient and easy banking experience that caters to their aspirations and lifestyle, in line with its motto, “Bank for Life”. In this regard, Nawaf Al-Khrayef, Executive Manager in the Retail Banking Department at KIB, applauded the great turnout and remarkable interaction garnered by the distinguished campaign. He al ......read more

Kuwait - March 27, 2023:  Ramadan is here! And we know you’re excited about embracing the spirit of the season, spending time with loved ones, and perhaps even treating yourself or your family to some fantastic tech goodies. Luckily, Huawei is offering some of the most fabulous deals in town on their popular products: the HUAWEI Mate50 Pro, HUAWEI MatePad SE, HUAWEI MateBook D14, HUAWEI WATCH GT 3, and HUAWEI FreeBuds 5i. So, sit back, and let’s explore these fantastic deals together!   HUAWEI Mate50 Pro First up is the HUAWEI Mate50 Pro, Huawei’s latest flagship smartphone. It has set the bar high for smartphones with an iconic Symmetrical Space Ring desig ......read more

Kuwait, 26 March 2023:  Al Ahli Bank of Kuwait (ABK) announced that it has successfully added Turkish Lira (TRY) as one of the corresponding foreign currencies in its Finacle system to meet growing customer demand. This initiative falls in line with the Bank’s efforts to increase its share in the payments market and is based on the outcome of a comprehensive analysis of the foreign currency payments market conducted by ABK’s Operations Division.  ABK successfully added the new currency in collaboration with Akbank T.A.Ş., one of the largest leading banks in Turkey listed on Boursa Istanbul with a strong track record spanning over seven decades.  Speak ......read more