Latest from Banking, Investments, Money, Insurance, Futures, Stock in Kuwait and Middle East

Banking, Investments, Money and Insurance

KIB Wins Award for Launching the First Biometric Visa Card in Kuwait

Kuwait, 25 September 2023: Kuwait International Bank (KIB) won an award for launching the first Biometric Visa Card in Kuwait, which uses the customer’s fingerprint to authorize POS transactions. The Bank’s management received this award at KIB’s headquarters from Artii Thannki, Visa’s Head of Fintech and Partnerships for ......Read More

Monday, September 25, 2023

KIB Offers Tailored Financing Solutions for Mutlaa Residents

Kuwait, 23 September 2023: Kuwait International Bank (KIB) announced the launch of a special campaign, “KIB Supports You”, which offers tailor-designed financing options for the residents of Mutlaa, adding a layer of ease and convenience to every step of their home building process, from construction to finishing, furnishing, and ......Read More

Saturday, September 23, 2023

Burgan Bank Facilitates SME Payment Experience with Tijarati Pay

As part of its strategy for innovation and support for local small and medium-sized enterprises Kuwait, 23 September 2023: In line with its continued efforts to remain at the forefront of the digital transformation of Kuwait’s banking sector, Burgan Bank announced the launch of Tijarati Pay, a new and unique enhancement to its ......Read More

Saturday, September 23, 2023

KIB Promotes Financial Literacy and Banking Awareness at Ooredoo Headquarters

As part of its support of CBK’s banking awareness campaign ‘Let’s Be Aware’ Kuwait, 21 September 2023: For the third year in a row, Kuwait International Bank (KIB) announced its continuous support of the ‘Let’s Be Aware’ (Diraya) financial awareness campaign, which was launched by the Central Bank of Kuwait (CBK) and the Kuwait Banking Association (KBA) in cooperation with local banks. The Bank’s steady support stems from its constant keenness to develop the financial culture of its customers and spread banking awareness among all targeted segments of society. KIB recently set up a booth at the headquarters of Ooredoo Kuwait to ......Read More

Friday, September 22, 2023
Careem Forges New Partnership with Sultan in Kuwait

Offering exclusive discounts on Careem rides to and from Sultan locations Kuwait, September 17, 2023: Careem, the region’s Everything App, announced a new partnership with Sultan to help facilitate easier transportation exclusively for the renowned retail grocery chain’s customers. As part of the partnership, Careem will be offering ......Read More

Wednesday, September 20, 2023

KIB Introduces New and Enhanced Contact Center Features

As part of its comprehensive customer satisfaction strategy Kuwait, 18 September 2023: In continued efforts to elevate its banking experience to higher levels of quality and excellence, Kuwait International Bank (KIB) announced the launch of two new features to its suite of contact center services, which aim to add more ease and convenience to ......Read More

Tuesday, September 19, 2023

KIB Announces Winners of the Second ‘Surprises for Every Season' Prize Draw

Kuwait, 17 September 2023: Kuwait International Bank (KIB) announced the five lucky winners of the second prize draw held under its exclusive ‘Surprises for Every Season’ campaign, which is based on customers’ transactions throughout August. In partnership with global digital payments leader, Visa, the campaign is dedicated to rewarding KIB’s Visa Credit, Prepaid or Debit Card holders, reaffirming the Bank’s commitment to enhancing its customers’ banking experience. The first winner of the second draw, Abdullah Ahmad AlKandari, became the owner of a SuperJet from Yamaha. The second winner, Omar Sami AlFuraih, received four fully paid round-trip ......Read More

Monday, September 18, 2023

KIB Announces Winners of Al Dirwaza Account's Eighth Draw

The best account of its kind in Kuwait for offering the highest monthly expected returns and cash prize draws Kuwait, 16 September 2023: Kuwait International Bank (KIB) announced the names of the winners in the eighth Al Dirwaza account monthly draw, based on customers’ August 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, Abdulwahab Ali Abbas Redha won KD 10,000, whilst the KD 1,000 prize was awarded to 10 winners in total: Sharefa Ahmed Ali AlKandery, Yousef Abdullah Mohammad Ahmad, Basmah Salem AlOthman, Naser Abdulrahman Ahmad AlAhmad, Semri Mohammad ......Read More

Saturday, September 16, 2023
Burgan Bank Continues to Spread Essential Banking Awareness by Highlighting Fraud Trends on Marina F ...

As part of its committed support to CBK’s ‘Let’s Be Aware’ campaign Kuwait, 13 September 2023: In a new effort to raise awareness about financial literacy and secure banking practices, Burgan Bank, represented by Mohammad Al Sarraf, Assistant Manager of Corporate and CSR Communications, recently took part in a ......Read More

Wednesday, September 13, 2023

KIB Reintroduces Customers to its Diverse Financial Products and Services

Stemming from its faith in the importance of customers’ awareness of their rights and responsibilities, as part of its support of the ‘Diraya’ campaign Kuwait, 12 September 2023: Kuwait International Bank (KIB) announced its continued support of the banking awareness campaign, ‘Let’s Be Aware’ ......Read More

Tuesday, September 12, 2023

Burgan Bank Announces the Names of the Monthly Draw Winners of Kanz Account

Kuwait, 10 September 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 ......Read More

Monday, September 11, 2023

KIB Concludes Collaborative Training Program for Fresh Graduates with Al Fintass and Sabah Al-Ahmad ...

Kuwait, 10 September 2023: Kuwait International Bank (KIB) concluded the Field Training and Part-Time Work Program for Fresh Graduates, which was organized in cooperation with Al Fintass Co-Operative Society and Sabah Al-Ahmad City Co-Operative Society. This training came within the framework of the Bank's strategy that aims to focus on ......Read More

Monday, September 11, 2023
Burgan Bank Announces Manaf Al-Menaifi as Heading Newly Established Transformation Unit

Ensuring seamless adaptation to the new strategic direction Mr. Manaf Khaled Al-Menaifi General Manager of Strategic Planning and Monitoring Kuwait, 9 September 2023: In line with its ongoing commitment to empowering Kuwaiti talents within its leadership team, Burgan Bank has announced the establishment of the Transformation ......Read More

Saturday, September 9, 2023

KIB Contributes to Spreading Financial Literacy and Awareness at Kuwait Bar Association

Kuwait, 9 September 2023: In a bid to uphold its committed support of the Let’s Be Aware “Diraya” campaign, Kuwait International Bank (KIB) announced setting up a booth at the Kuwait Bar Association headquarters with the purpose of raising awareness of fundamental financial literacy, as well as the Bank’s services, ......Read More

Saturday, September 9, 2023

KIB Names Winner of Al Dirwaza Digital Account Opening Draw for August

Kuwait, 6 September 2023: Kuwait International Bank (KIB) announced the name of the winner of its Al Dirwaza digital account opening campaign for the month of August, whereby customer Ahmad Saleh Ahmad Alnamash won the draw. This draw comes as part of the Bank’s renewed campaign that is designed to provide a distinctive digital banking ......Read More

Wednesday, September 6, 2023

KIB Successfully Concludes Summer Camp for its Employees' Children and Relatives

In collaboration with INJAZ and as part of the Bank’s efforts to advance education and training and support micro-enterprises Kuwait, 5 September 2023: Kuwait International Bank (KIB) recently concluded the activities of its summer camp designed specifically for its employees’ children and relatives. Organized in collaboration with ......Read More

Tuesday, September 5, 2023
KIB Offers SoftPOS Service for Business Owners

Enabling the collection of payments through a smart device app Kuwait, 4 September 2023: Kuwait International Bank (KIB) announced offering a digital point of sale service, SoftPOS, for its business-owning customers. The new service enables them to collect payments using an innovative app for smart devices, developed by the Shared Electronic ......Read More

Monday, September 4, 2023

KIB Launches Campaign with AlBohayra Farm to Raise Awareness Around Environmental Sustainability

As a part of its comprehensive social responsibility program Kuwait, 3 September 2023: As part of its ongoing efforts to embed the principles of environmental sustainability into society, Kuwait International Bank (KIB) announced launching an awareness campaign in collaboration with AlBohayra Farm, one of the leading agri-tourism farms in ......Read More

Monday, September 4, 2023

KIB is Diamond Sponsor of 2023 Arab Banking Conference

Kuwait, 2 September 2023: Kuwait International Bank (KIB) announced its diamond sponsorship of the 2023 Arab Banking Conference, organized by the Union of Arab Banks (UAB) and set to be hosted by the Saudi capital Riyadh on the 4th and 5th of September. Taking place in Hilton Hotel, and under the slogan “Arab Economic Outlook in Light of ......Read More

Saturday, September 2, 2023

KIB Marks H1'23 with Many Achievements as Part of Efforts to Elevate its Digital Infrastructure Via ...

In continued efforts to achieve customer satisfaction through innovating comprehensive services Kuwait, 26 August 2023: Kuwait International Bank (KIB) announced that its Retail Banking Department continues to spare no effort to provide its customers with a wide range of innovative and comprehensive digital services that adhere to the highest international standards and the latest technologies across the global banking industry. This is further supported by the Bank’s relentless effort to build and reinforce a reliable and advanced digital infrastructure, capable of ensuring a smooth banking experience for all customers, and with it guaranteeing the highest levels of ......Read More

Saturday, August 26, 2023
KIB's Retail Banking App ‘KIB Mobile' Gets a New Look

With customized benefits and integrated banking services in one platform Kuwait, 23 August 2023: Kuwait International Bank (KIB) announced the relaunch of its digital platform, KIB Mobile, dedicated to personal banking customers. The revamped application comes as part of the Bank’s comprehensive digital strategy, which includes ......Read More

Wednesday, August 23, 2023

World Finance Grants KIB the “Best Islamic Bank in Kuwait” Award

Kuwait, 22 August 2023: Kuwait International Bank (KIB) was crowned the “Best Islamic Bank in Kuwait in 2023” by UK-based World Finance magazine, holding the title for the tenth consecutive year. The award came in recognition of the Bank continually delivering outstanding Islamic banking products and services, with exceptional customer ......Read More

Tuesday, August 22, 2023

KIB Sheds Light on the Dangers of Investing in Virtual Assets

As part of its commitment to constantly supporting the ‘Let’s Be Aware’ campaign Kuwait, 21 August 2023: Kuwait International Bank (KIB) remains committed to its social responsibility and awareness efforts through its support of the ‘Let’s Be Aware’ (Diraya) campaign, launched by the Central Bank of Kuwait in ......Read More

Monday, August 21, 2023

Ooredoo Kuwait Collaborates with The United Nations Office for the Coordination of Humanitarian Affa ...

Kuwait, 20 August 2023: Driven by their corporate social responsibility (CSR) strategy, Ooredoo Kuwait, the leading telecom company, has joined forces with the United Nations Office for the Coordination of Humanitarian Affairs (UN OCHA) and launched a fundraising campaign to help struggling families. This collaborative initiative, undertaken ......Read More

Monday, August 21, 2023
KIB: Demand for Light Industrial Properties Witnessed an Unprecedented Rise Over the Past Five Years

Kuwait, 20 August 2023: In a recent study on Kuwait’s West Abu Fatira Al-Herafia and Ardiya Al-Herafia areas, Kuwait International Bank (KIB) reported that demand for light industrial properties witnessed a sharp rise over the past five years. The increase comes in conjunction with the support the Kuwaiti state has been providing to owners ......Read More

Monday, August 21, 2023

Burgan Bank Supports Kuwaiti Olympians at Budapest World Championship

As part of its commitment to elevating the sports sector Kuwait, 20 August 2023: In continued efforts to support Kuwait’s top athletic talents and as part of its strategic partnership with the Kuwait Olympic Committee and its Olympic Athlete Preparation Program, Burgan Bank is sponsoring the three Kuwaiti ......Read More

Monday, August 21, 2023

KIB Announces Winners of Al Dirwaza Account's Seventh Draw

Al Dirwaza account is the best of its kind in Kuwait for offering the highest monthly expected returns and cash prize draws Kuwait, 19 August 2023: Kuwait International Bank (KIB) announced the names of the winners in the seventh Al Dirwaza account monthly draw, based on customers’ July deposits. The draw was held ......Read More

Saturday, August 19, 2023

KIB Names Winner of Al Dirwaza Digital Account Opening Draw for July

Kuwait, 17 August 2023: Kuwait International Bank (KIB) announced the name of the winner of its Al Dirwaza digital account opening campaign for the month of July, whereby customer Mohammad Hussain Salman Al Ansari won the draw. This draw comes after the Bank renewed the campaign designed to provide a distinctive digital banking experience and to ......Read More

Thursday, August 17, 2023
Empowering Tomorrow's Financial Minds: Burgan Bank Concludes its Young Bankers Summer Program

As part of its social responsibility program and in support of young national talents Kuwait, 16 August 2023: Burgan Bank recently concluded its 2023 Young Bankers Summer Program; an initiative that aims to equip young individuals with essential financial skills, while instilling a strong sense of community responsibility. The training ......Read More

Wednesday, August 16, 2023

KIB Spreads Financial Literacy and Awareness through its Booth at STC HQ

In continued support of the banking awareness campaign “Diraya” Kuwait, 16 August 2023: For the third consecutive year, Kuwait International Bank (KIB) upholds its committed support for the Let’s Be Aware “Diraya” campaign, the financial literacy and banking awareness initiative launched by the Central Bank of ......Read More

Wednesday, August 16, 2023

EnerTech and NED University Unveil EnerTech-NED Science and Technology Park, Igniting a Collaborativ ...

The fully integrated science and technology park is poised to cultivate a vibrant ecosystem that will breathe new life into innovation, research, and development within Pakistan's flourishing technology sector. Kuwait, 16 August 2023 - In a significant stride towards propelling Pakistan's flourishing technology sector, EnerTech, a ......Read More

Wednesday, August 16, 2023

KIB Organizes a Workshop on ESG Essentials in Banking for its Staff

Reinforcing its longstanding commitment to sustainability and community welfare Kuwait, 15 August 2023: In a new effort to reinforce its commitment to society, sustainability and the planet, Kuwait International Bank (KIB) organized a comprehensive workshop that discussed environmental, social, and governance (ESG) essentials in the ......Read More

Wednesday, August 16, 2023
KIB Records Growth by 88% in Net Profit to Reach KD 6 Million

Kuwait, 14 August 2023: KIB Chairman Sheikh Mohammed Jarrah Al Sabah has revealed the Bank’s financial results for the first half of the year, ending on 30 June 2023. During this period, the Bank achieved almost KD 6 million of net profit attributable to shareholders, with earnings per share (EPS) standing at 2.87 fils (i.e. 88% growth). ......Read More

Monday, August 14, 2023

KIB Signs Agreement with Alsawan Group to Offer Financing Service to Customers Seeking Medical Treat ...

Up to KD 25,000 to spend at the most prestigious hospitals and health resorts around the world Kuwait, 13 August 2023: Kuwait International Bank (KIB) announced signing an agreement with Alsawan Group, a pioneer in the medical tourism field, to offer customers the best financing service for treatment abroad. The value of this new service can go ......Read More

Monday, August 14, 2023

Agility Reports KD 60.5 Million EBITDA a 63.4% Growth for the Second Quarter 2023

Q2 2023 (Million KD) Q2 2022 (Million KD) Variance (%) 1H 2023 (Million KD) 1H 2022 (Million KD) Variance (%) Revenue 327.8 138.4 136.8% 648.4 270.5 139.7% Net Revenue 199.8 72.0 177.3% 386.9 139.2 177.9% EBITDA 60.5 37.0 63.4% 120.9 70.9 70.4% Net Profit 14.2 16.1 -11.7% 29.4 28.8 2.3% EPS (fils) 5.55 6.35 ......Read More

Monday, August 14, 2023

KIB Announces Winners of the ‘Cruise the World' Prize under its ‘Surprises for Every Season' Campaig ...

Kuwait, 12 August 2023: Kuwait International Bank (KIB) held the first draw of its special ‘Surprises for Every Season’ campaign, announcing five winners of the ‘Cruise the World’ prize for the month of July. The lucky winners are Ali Mubarak Ali Hadi Alshehri, Mamdouh Abdulhadi Mohammad Abdulhadi, Ali Ahmad Mohammad ......Read More

Saturday, August 12, 2023
KIB enables NFC Service Throughout its Widespread ATM Network

Kuwait, 9 August 2023: In order to provide its customers with a seamless and unique banking experience, Kuwait International Bank (KIB) announced activating the contactless near-field communication (NFC) service at its ATMs all around the country. This step comes within the framework of the Bank's comprehensive strategy aimed at keeping pace with the ongoing digital transformation and continuously developing its services and products. Commenting on the new service, Ammar Maqamess, Assistant Manager, Retail Banking Department at KIB, said: “This distinguished step by KIB confirms, once again, its constant keenness to provide more innovative digital solutions that will take its ......Read More

Wednesday, August 9, 2023

Burgan Bank Appoints Barrak Al-Mattar as General Manager Information Technology

Within the framework of its endeavors to attract top talent and support national cadres Kuwait, 7 August 2023: Burgan Bank has announced the appointment of Mr. Barrak Al-Mattar as General Manager of Information Technology. With over 22 years of experience in the tech industry, Mr. Al-Mattar, a seasoned veteran, will lead the Bank's ......Read More

Monday, August 7, 2023

Burgan Bank Announces the Names of the Monthly Draw Winners of Kanz Account'

Kuwait, 6 August 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 ......Read More

Monday, August 7, 2023

Burgan Bank Launches Online Customer Complaint Feature

Enabling customers to report issues via its mobile banking app Mohammad Al-Shamlan Senior Manager - Client Complaints & Protection Unit Kuwait, 5 August 2023: Burgan Bank has announced the launch of an exciting new feature on its mobile banking application that allows customers to submit complaints online conveniently. This ......Read More

Saturday, August 5, 2023
Burgan Bank Assigns Responsibilities for Marketing and Communication to Kholoud Al-Feeli

Stemming from the Bank’s belief in the importance of human capital development Mrs. Kholoud AbdulRedha Al-Feeli Deputy General Manager of Marketing and Communication Kuwait, 3 August 2023: Burgan Bank announced the assignment of the responsibilities for Marketing and Communication to Mrs. Kholoud AbdulRedha Al-Feeli. ......Read More

Wednesday, August 2, 2023

KIB Provides Complaints Service on its new Mobile Application

Kuwait, 1 August 2023: Kuwait International Bank (KIB) announced the provision of a service to allow customers to submit complaints and receive timely responses and solutions via the new KIB Mobile application. This step reflects KIB’s firm commitment to providing the best banking services and ensuring the satisfaction of its customers from ......Read More

Tuesday, August 1, 2023

KIB Launches All-New State-of-the-art Corporate Online Banking Platform

With cutting-edge features designed to meet all customers' banking needs Kuwait, 31 July 2023: Kuwait International Bank (KIB) has announced the launch of its all-new Corporate Online Banking platform, heralding a new phase of financial empowerment and security for its corporate customer. The launch falls in line with the Bank’s ......Read More

Monday, July 31, 2023

Burgan Bank Group Reports KD 108 Million in Revenues and KD 18 Million in Net Profit in H1'23

Revenue Increase of 8% year-on-year (Adj. for BoB’s contributions) Kuwait, 29 July 2023: Burgan Bank (“Burgan” or “the Bank”) announced its financial results for the first half of 2023 (H1’23), for the period ending June 30, 2023. The Bank reported robust Revenue of KD 108 million during ......Read More

Saturday, July 29, 2023
Burgan Bank Offers Visa Credit Cardholders an Elevated Rewards Program in Collaboration with xperien ...

As part of the Bank’s comprehensive and dedicated customer satisfaction efforts Kuwait, 26 July 2023: As part of our continuous efforts to provide our customers an added value experiences, Burgan Bank is pleased to announce an added offer under Burgan Rewards program. Our valued Visa credit cardholders can now ......Read More

Wednesday, July 26, 2023

Ooredoo Kuwait Group reported an increase of 209% Net Profit reaching KWD 64 million for H1 2023

Earnings per share reached 128 fils Kuwait City, Kuwait, July 26th, 2023: National Mobile Telecommunications Company K.S.C.P “Ooredoo” (Ticker: OOREDOO) announced today its financial results for the half year ended 30 June 2023: Financial Highlights: Quarterly ......Read More

Wednesday, July 26, 2023

KIB Continues to Support SMEs with Mubader Account, Center and App

Kuwait, 26 July 2023: Kuwait International Bank (KIB) continues to encourage, support and empower Kuwait’s aspiring entrepreneurs and owners of small and medium enterprises (SMEs) to stimulate economic growth and help create more local jobs. As a demonstration of its support, the Bank is urging current and future customers to benefit from ......Read More

Wednesday, July 26, 2023

Burgan Bank Promotes Mr. Fadhel Mahmoud Abdullah as Acting Chief Executive Officer - Kuwait

In line with the Bank’s vision of investing in its human capital and cultivating its top talents Kuwait, 25 July 2023 : Burgan Bank announced the promotion of Mr. Fadhel Mahmoud Abdullah to the position of Acting Chief Executive Officer (CEO) – Kuwait, in line with the Bank’s strategy to strengthen Its leadership ......Read More

Tuesday, July 25, 2023
August 1st the Last Day for Depositing to enter Al Dirwaza Account September Monthly Draw

Kuwait, 23 July 2023: Kuwait International Bank (KIB) announced that August 1st is the last date to open or deposit in Al Dirwaza account to enter the September 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 September’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 ......Read More

Monday, July 24, 2023

KIB Launches its new Real Estate Digital Platform ‘KIB Aqari' with Distinct Features

Kuwait, 22 July 2023: Kuwait International Bank (KIB) launched its brand-new real estate digital platform, dedicated to its customers interested in owning, selling, and renting real estate. The platform, KIB Aqari, is supported by a property appraisal service being launched digitally for the first time in Kuwait. This step comes as part of ......Read More

Saturday, July 22, 2023

Ooredoo Announces the Winners of its “100 Seconds” Contest

Rewarding customers with cash prizes and exceptional awards Kuwait City, 20 July 2023: Ooredoo, the leading telecommunications company in Kuwait, is thrilled to announce the winners of its ongoing Value-Added Services competition. This competition, which has been ongoing throughout the year, reaffirms Ooredoo’s deep commitment to ......Read More

Thursday, July 20, 2023

KIB Spreads Financial Literacy and Banking Awareness across the Segments of Society at Al Kout Mall

Effectively contributing to the success of “Diraya” campaign Kuwait, 19 July 2023: In continuation of its support for the Let’s Be Aware “Diraya” campaign, Kuwait International Bank (KIB) designated a team of its finest talents to raise financial and banking awareness at Al Kout Mall. As part of its contribution to ......Read More

Wednesday, July 19, 2023
Environmental Upgrade: Ooredoo Kuwait Joins Forces with Ocean Minded to Foster Sustainable Innovatio ...

Kuwait City, 18th July, 2023: Ooredoo, a key contributor to national environmental responsibility announced its most recent sustainability initiative in collaboration Ocean Minded, a renowned company dedicated to ocean conservation, to launch a unique initiative aimed at protecting the marine environment. In a joint effort, Ooredoo and Ocean ......Read More

Tuesday, July 18, 2023

KIB to be Closed during Islamic New Year (1445H) Holiday, Providing Services through Digital Platfor ...

Kuwait, 18 July 2023: Kuwait International Bank (KIB) announced that it will continue to provide its online banking services around the clock during the Islamic New Year (1445H) holiday. The Bank aims to meet the needs of its customers, whether inside Kuwait or abroad, during the break. The Bank will be closed for business during the official ......Read More

Tuesday, July 18, 2023

Burgan Bank Continues to Support the ‘Let's Be Aware' Banking Awareness Campaign

To spread financial literacy and banking culture among all community members Kuwait, 17 July 2023: As part of its efforts to contribute to the success of the Central Bank of Kuwait and Kuwait Banking Association’s “Let’s Be Aware” campaign, Burgan Bank continues to fulfill its duty in promoting financial awareness ......Read More

Monday, July 17, 2023

KIB takes part in Reinvent Forum Milan 2023

Within the framework of its strategy to face potential risks and plan for a more developed and safe future Kuwait, 17 July 2023: Kuwait International Bank (KIB) recently participated in Reinvent Forum Milan 2023, an international banking and insurance innovation event organized by Qorus, during which it presented a joint case study with ......Read More

Monday, July 17, 2023
Burgan Bank Holds its 59th General Assembly

Shareholders elected two Supplementary Members for the remainder of the Board of Directors’ 2022-2024 term Kuwait, 15 July 2023: Burgan Bank held its 59th General Assembly meeting at the Banking Hall of its premises in Sharq Area on Saturday, July 15 , 2023, with a quorum of %82.112. The Assembly approved the ......Read More

Monday, July 17, 2023

Burgan Bank Celebrates Outstanding Employees' Graduation from KGDP

Reinforcing its commitment to the holistic development of its human capital Kuwait, 16 July 2023: Burgan Bank recently celebrated three of its most promising talents for completing the 10th round of the Kuwait Graduate Development Program (KGDP), which falls under the umbrella of the Central Bank of Kuwait’s (CBK) ......Read More

Monday, July 17, 2023

KIB Announces Winner of Al Dirwaza Digital Account Opening Draw for May and June

Kuwait, 16 July 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 Faraj Mousa Faraj Behbahani won the draw. Meanwhile, for the month of June, customer Abdullah Nayef Awad Almutairi won. 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. Commenting on the draw, Nawaf Al-Khrayef, Assistant General Manager of the Retail Banking Department at KIB, said: “The draws and prizes of this ......Read More

Monday, July 17, 2023

Ooredoo Kuwait Driving Youth's Technological Advancement through “TechNext Camp”

Kuwait City, 15 July, 2023: Ooredoo Kuwait, the leading telecommunications company, is proudly collaborating with The ktech Institute for Private Training, part of kuwait technical college, sponsoring its cutting-edge summer boot camp training program: TechNext Camp. Designed to equip participants with essential technological skills of the ......Read More

Saturday, July 15, 2023
KIB offers its Customers Tips for a Safe Banking Experience During the Travel and Holiday Season

Kuwait, 15 July 2023: In its continuous efforts to raise the banking safety awareness of its customers, Kuwait International Bank (KIB) underlined tips and preventive measures through various media channels about the safe use of banking cards of all kinds as the summer holiday and travel season approaches. This initiative reflects the ......Read More

Saturday, July 15, 2023

Burgan Bank Announces the Names of the Monthly Draw Winners of Kanz Account

Kuwait, 11 July 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 ......Read More

Tuesday, July 11, 2023

Ooredoo Kuwait Expands its Footprint with a New Branch At Khiran Outlet Mall

Kuwait City, 11th July, 2023: Ooredoo Kuwait, a leading telecommunications provider in the country, is pleased to announce the opening of its new branch at Khiran Outlet Mall. This strategic move is part of Ooredoo Kuwait's commitment to reaching a wider customer base and providing unparalleled convenience for their daily ......Read More

Tuesday, July 11, 2023

KIB Launches ‘Surprises for Every Season' Campaign for Bank's Visa Cardholders

As part of its continuous strategy to reward its customers with the best banking benefits and solutions • Special Monthly raffle draws and spectacular prizes start in July and continue until the end of the year. • The campaign includes all transactions using Visa credit and prepaid card, and international ......Read More

Tuesday, July 11, 2023
KIB Offers Exclusive Services to Visa Infinite Credit Cardholders

Kuwait, 9 July 2023: As part of its special travel season campaign entitled “Peace of Mind with Black Concierge,” Kuwait International Bank (KIB) recently announced exclusive Black Concierge services for customers carrying Visa Infinite credit cards. This step comes within the framework of KIB’s continuous efforts to provide its ......Read More

Monday, July 10, 2023

Ooredoo Business and OpenText Host Data Recovery and Automation Workshop for Ooredoo Business Custom ...

Kuwait City, July 8th, 2023: Ooredoo Business, the trusted technology partner for all business solutions, partnered with OpenText to conduct a one-day workshop at the prestigious Waldorf Astoria Kuwait hotel. The event provided valuable insights to Ooredoo Business customers on data recovery as a service and application & business ......Read More

Saturday, July 8, 2023

Burgan Bank Awards Winner of its Kanz Semi-Annual Draw with a KD 500,000 Cash Prize

Reminding customers about the unique features of its dual saving and draw account Kuwait, 8 July 2023: Burgan Bank announced the lucky winner of the Kanz semi-annual draw during a special ceremony held at the Bank’s headquarters. The winner, Mr. Taiyab Ali Nazar Hussain who walked home with a cash prize of KD 500,000 was announced in ......Read More

Saturday, July 8, 2023

KIB Launches Three New Digital Banking Platforms with Unique and Comprehensive Benefits

Kuwait, 8 July 2023: Kuwait International Bank (KIB) revealed three new, advanced digital platforms in a press conference attended by a select group of the Bank’s top managers and employees from across departments. This comes as part of KIB’s dedicated strategy for elevating its customers’ experience regardless of their market ......Read More

Saturday, July 8, 2023
KIB Reveals Winners of Al Dirwaza Account's Sixth Draw

Al Dirwaza account is the best of its kind in Kuwait for offering the highest monthly expected returns and cash prize draws Kuwait, 5 July 2023: Kuwait International Bank (KIB) announced the names of the winners in the sixth Al Dirwaza account monthly draw, based on customers’ June deposits. The draw was held in the presence ......Read More

Wednesday, July 5, 2023

Burgan Bank Discusses Working Parents' Health and Wellness as Part of its Burgan Talk Program

In extension to its efforts for upholding a positive and healthy work environment Kuwait, 4 July 2023 : Burgan Bank recently hosted an event in its series of Burgan Talks. This latest event was dedicated to the working parents among the Burgan staff, focusing on their mental, physical, emotional, and financial health. Ms. Fatima ......Read More

Tuesday, July 4, 2023

KIB Extends its Presence at the Avenues for Another Week to Raise Banking Awareness

Kuwait, 4 July 2023: Following a high turnout from various societal segments, Kuwait International Bank (KIB) announced extending its presence at the Avenues Mall for the second week in a row. The Bank aims to raise banking awareness through its booth dedicated to the Let’s Be Aware “Diraya” campaign, which was launched by the ......Read More

Tuesday, July 4, 2023

KIB Celebrates its Graduating Employees at the Institute of Banking Studies' Annual Ceremony

Al Darmi: Investing in employees is one of KIB’s top priorities and strategies to meet current and future needs Kuwait, 3 July 2023: Kuwait International Bank (KIB) celebrated the graduation of another group of employees who successfully completed the accredited programs from the London Institute of Banking and Finance (LIBF), in ......Read More

Monday, July 3, 2023
KIB to be Closed during Eid Al-Adha Holiday, Providing Services through Digital Platforms

Kuwait, 26 June 2023: Kuwait International Bank (KIB) announced that it will continue to provide its online banking services around the clock during Arafat Day and Eid Al-Adha holiday for the Hijri year 1444. The Bank aims to meet the needs of its customers, whether inside Kuwait or abroad, during the holiday break. The Bank will be officially ......Read More

Monday, June 26, 2023

KIB Joins Visa Ready as the First Bank in Kuwait for Fintech Enablement

As a certified Visa Ready partner, KIB is helping power the digital issuance journey as a BIN Sponsor & CaaS (Card as a Service) provider Kuwait, 25 June 2023: Kuwait International Bank (KIB), a sharia compliant Kuwaiti Bank, announced today that it has joined the Visa Ready for Fintech Enablement program in an effort to provide both ......Read More

Monday, June 26, 2023

KIB Sets July 1st as the Last Day for Depositing to enter Al Dirwaza Account August Monthly Draw

Kuwait, 24 June 2023: Kuwait International Bank (KIB) announced that July 1st is the last date to open or deposit in Al Dirwaza account to enter the August 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 ......Read More

Saturday, June 24, 2023

KIB Continues to Provide Eidiya Notes Through All Branches

Kuwait, 24 June 2023: In the lead-up to the Eid Al Adha holiday, Kuwait International Bank (KIB) announced that it would continue to provide Eidiya services across its branches in Kuwait. These services are part of the Bank’s ongoing efforts to celebrate all holidays and special occasions with the community in which it operates while ......Read More

Saturday, June 24, 2023
KIB Presents a Range of Comprehensive Benefits for its Salary Account Customers

Kuwait, 21 June 2023: Kuwait International Bank (KIB) announced that new customers wishing to have their payroll transferred to a KIB salary account can now enjoy a wide range of comprehensive benefits. Leading these benefits is the ease of applying for a salary account online in no time through KIB’s website. The dedicated KIB salary ......Read More

Wednesday, June 21, 2023

KIB Successfully Completes its Capital Increase, Oversubscribed by 687%

Kuwait, 20 June 2023: Kuwait International Bank (KIB) announced the successful completion of the subscription process to increase its capital by offering 428,571,429 shares, at a value of KD 60 million. The right issue was oversubscribed by 687%, and the capital increase comes in line with the Bank’s strategy to achieve further ......Read More

Tuesday, June 20, 2023

Burgan Bank Supports CBK's Eidity Campaign

Kuwait, 20 June 2023: Burgan Bank is participating in supporting the Eidity campaign in collaboration with the Central Bank of Kuwait (CBK), the Kuwait Banking Association (KBA), and KNET. As part of the campaign, and starting from June 20, a number of ATMs will be located at the Avenues, Assima Mall, Al Kout Mall and 360 Mall to provide bank ......Read More

Tuesday, June 20, 2023

KIB's Basil Al-Suwaidan receives Cyber Sentinels CISO Award 2023

Kuwait, 19 June 2023: Kuwait International Bank (KIB) announced that Basil Al-Suwaidan, General Manager of the Information Security, Privacy and Anti-Fraud Department, recently received the Cyber Sentinels CISO Award 2023 during the 7th GCC Security Symposium, held in partnership with the UAE Cyber Security Council. He was recognized for his ......Read More

Monday, June 19, 2023
KIB Collaborates with Al Fintass and Sabah Al-Ahmad City Co-Operative Societies on Training Program ...

Kuwait, 18 June 2023: Kuwait International Bank (KIB) announced the launch of the Field Training and Part-Time Work Program for Fresh Graduates, in cooperation with Al Fintass Co-Operative Society and Sabah Al-Ahmad City Co-Operative Society. This initiative comes within the framework of the Bank's strategy that aims to focus on training and ......Read More

Monday, June 19, 2023

KIB Announces Winner of Al Dirwaza Digital Account Opening Draw for June

Kuwait, 17 June 2023: Kuwait International Bank (KIB) announced the name of the winner of its Al Dirwaza digital account opening campaign for the month of June, whereby customer Faraj Mousa Faraj Behbahani won the draw. This draw comes after the Bank renewed the campaign designed to provide a distinctive digital banking experience and to ......Read More

Saturday, June 17, 2023

KIB Spreads Financial Literacy and Banking Awareness across the Segments of Society at 360 Mall

Kuwait, 15 June 2023: In continuation of its support for the Let’s Be Aware “Diraya” campaign, Kuwait International Bank (KIB) designated a team of its finest talents to raise financial and banking awareness at the 360 Mall. As part of its contribution to the campaign, which was initiated by the Central Bank of Kuwait (CBK) in ......Read More

Thursday, June 15, 2023

KIB: Relative Stability in the Commercial Sector Prices in Kuwait during Q1

Kuwait, 14 June 2023: Kuwait International Bank (KIB) recently concluded its first quarterly report for the year 2023. The Q1 report revealed relative stability in the commercial sector’s prices across Kuwait City in comparison to the surge in prices that marked the same period of the previous year; a logical outturn that reflects the ......Read More

Wednesday, June 14, 2023
Burgan Bank Announced Closing of USD 800 Million Unsecured Term Loan Facility

Achieving three times oversubscription following strong demand Successfully attracting strong global and regional partners Kuwait, 14 June 2023: Burgan Bank announced that it has successfully closed the syndication for its global USD 800 million unsecured term loan facility. Mizuho Bank, the global bank with its headquarters in Japan, acted as sole Global Coordinator, Active Bookrunner, BMLA and Facility Agent for this transaction. Meanwhile, the Industrial and Commercial Bank of China (ICBC) and Mashreq Bank also served as Active Bookrunners on the deal. The syndication, originally launched at USD 300 million in February 2023, was oversubscribed threefold, with ......Read More

Wednesday, June 14, 2023

KIB provides Eidiya Notes at All Branches in the Lead-up to Eid Al Adha

Kuwait, 13 June 2023: In the lead-up to the joyous occasion of Eid Al Adha, Kuwait International Bank (KIB) announced that it would be providing Eidiya services across its branches in Kuwait. These services are part of the Bank’s continuous efforts to celebrate all holidays and special occasions with the community in which it operates ......Read More

Tuesday, June 13, 2023

EnerTech and GEO Consortium Awarded One of Oman's First Hydrogen Blocks by Hydrom'

• The block is set to produce 150,000 metric tons per annum of green hydrogen by leveraging 4 gigawatts of renewable energy. Kuwait, 12 June 2023 - EnerTech Holding Company, a Kuwaiti state-owned company specializing in clean energy investment and development, and one of the founding partners of Green Energy Oman (GEO) international consortium, has been awarded one of Oman’s first hydrogen blocks by Hydrom The GEO consortium, consisting of EnerTech, Oman's integrated Energy Company OQ, Shell Oman, InterContinental Energy (ICE), and Golden Wellspring Wealth for Trading (GWWT), secured Block Z1-04, located in the Dhofar Governate. The block is set to produce ......Read More

Monday, June 12, 2023

KIB Concludes Bronze Sponsorship of Bonds, Loans & Sukuk Middle East 2023

Kuwait, 12 June 2023: Kuwait International Bank (KIB) concluded its bronze sponsorship of this year’s edition of the Bonds, Loans and Sukuk Middle East 2023 conference, the largest corporate and investment banking event in the Middle East, which was held on the 6th and 7th of June at Madinat Jumeirah Conference Centre, Dubai. The ......Read More

Monday, June 12, 2023
Al Hamra's Diverse May Activities Inspire and Energize the Community

Kuwait, 12 June 2022: Al Hamra Real Estate Co. hosted a series of events in May encompassing a wide range of activities, including fitness, learning, art, and culture. These events align with the company’s corporate goal of engaging the community in enriching ways. One notable highlight was the exhilarating 'Peak Race,' a ......Read More

Monday, June 12, 2023

Burgan Bank Concludes its Sponsorship and Participation in Al Ahmadi Governorate's 4th Blood Donatio ...

In contribution to the public health awareness of Al Ahmadi Governorate residents Kuwait, 12 June 2023: Burgan Bank announced that is has concluded its sponsorship of and participation in Al Ahmadi Governorate’s fourth Blood Donation Campaign, titled “Every Drop…Saves a Life”, which took place at Al-Kout Mall. ......Read More

Monday, June 12, 2023

Burgan Bank Offers Free Eideya Delivery Service for Haiba Cardholders, Premier & Private Banking Cus ...

Kuwait, 11 June 2023: Burgan Bank announced today the free Eideya delivery service for Haiba cardholders, Premier and Private Banking customers offer by Burgan Bank Concierge Service. This service enables the aforementioned customers to receive new bank notes before the Eid holidays at their offices or homes at their own ......Read More

Monday, June 12, 2023

Kuwait Food and Relief Bank honors KIB for its Continuous Community and Humanitarian Efforts

Kuwait, 11 June 2023: Kuwait International Bank (KIB) received an honor from the Kuwait Food and Relief Bank in recognition of the Bank’s pioneering role and continuous efforts toward social responsibility and humanitarian work. During a recent visit, Waleed Al-Saqabi, a representative of the Kuwait Food and Relief Bank, was ......Read More

Monday, June 12, 2023
Burgan Bank Celebrates the Graduation of 18 Employees from IBS Certification Programs

As part of its dedicated efforts to invest in its human capital and advance Kuwait’s talents Kuwait, 10 June 2023: Burgan Bank recently celebrated 18 of its talented employees for completing the Kuwait Institute of Banking Studies’ (KIBS) certification programs. The graduation ceremony, which took place on Wednesday, May 17 at ......Read More

Saturday, June 10, 2023

KIB Reveals Winners of Al Dirwaza Account's Fifth Draw

Al Dirwaza account is the best of its kind in Kuwait for offering the highest monthly expected returns and cash prize draws Kuwait, 10 June 2023: Kuwait International Bank (KIB) announced the names of the winners in the fifth Al Dirwaza account monthly draw, based on customers’ May deposits. The draw was held in the presence ......Read More

Saturday, June 10, 2023

EnerTech and GEO Consortium Awarded One of Oman's First Hydrogen Blocks by Hydrom

• The block is set to produce 150,000 metric tons per annum of green hydrogen by leveraging 4 gigawatts of renewable energy. Kuwait, 8 June 2023 - EnerTech Holding Company, a Kuwaiti state-owned company specializing in clean energy investment and development, and one of the founding partners of Green Energy Oman (GEO) ......Read More

Friday, June 9, 2023

KIB Rewards Black Segment Customers with Special Offers and Discounts at Grand Hyatt Kuwait and Hyat ...

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 ......Read More

Wednesday, June 7, 2023
Burgan Bank Renews its Partnership with Al Ahmadi Governorate for the Fourth Year by Supporting its ...

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 ......Read More

Monday, June 5, 2023

KIB to Close on National Assembly's Election Day and Continue to Serve Customers Via its Digital Cha ...

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 ......Read More

Monday, June 5, 2023

Burgan Bank Announces the Names of the Monthly Draw Winners of Kanz Account

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 ......Read More

Saturday, June 3, 2023

KIB is Sponsor of Bonds, Loans & Sukuk Middle East 2023

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 ......Read More

Saturday, June 3, 2023
KIB Launches First Biometric Visa Card in Kuwait

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 ......Read More

Tuesday, May 30, 2023

KIB Starts the Subscription Process to Increase its Capital by 35%

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 ......Read More

Monday, May 29, 2023

June 1st the Last Day for Depositing to enter Al Dirwaza Account July Monthly Draw

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 ......Read More

Saturday, May 27, 2023

Google Cloud Strengthens Alliance with the Government of Kuwait Through New Strategic Initiatives

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 ......Read More

Thursday, May 25, 2023
KIB Offers Exclusive Benefits for Visa Infinite Credit Cardholders

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 ......Read More

Thursday, May 25, 2023

KIB Announces its Preparation to Start the Subscription Process to Increase its Capital by 35%

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 ......Read More

Wednesday, May 24, 2023

Burgan Bank Continues to Support Local Talent Development at AUK's Career Growth Fair

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 ......Read More

Tuesday, May 23, 2023

Capital Intelligence Affirms Burgan Bank's Rating at “A+” with Stable Outlook

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. ......Read More

Tuesday, May 23, 2023
KIB is Diamond Sponsor of Euro-Med Economic and Banking Summit 2023

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 ......Read More

Tuesday, May 23, 2023

May 31 Marks the Last Day to Enter Burgan Bank's Kanz Semi-Annual Draw to Win KD 500,000

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 ......Read More

Wednesday, May 17, 2023

KIB Launches TV Commercial to Highlight KIB Rewards Program

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 ......Read More

Wednesday, May 17, 2023

KIB Continues Providing the best Exclusive Financing Offers to Customers in Partnership with IKEA®

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 ......Read More

Tuesday, May 16, 2023
Growing Your Share of Kanz has Become Easier with Online Opening

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, ......Read More

Monday, May 15, 2023

Burgan Bank Sponsors the 14th Annual Engineering Education Conference ‘EDUCON'

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 ......Read More

Monday, May 15, 2023

KIB Announces net Profit of KD 3.5 million (growth of 42%) for Q1 of 2023

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 ......Read More

Saturday, May 13, 2023

Burgan Bank Serves as Gold Sponsor at Baiti Exhibition

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 ......Read More

Saturday, May 13, 2023
Burgan Bank Reports Q1'23 Financial Results

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 ......Read More

Thursday, May 11, 2023

Burgan Bank Reports Q1'23 Financial Results 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 ......Read More

Wednesday, May 10, 2023

Burgan Bank Sets a New Benchmark for Employee Development in Kuwait with Personalized Digital Learni ...

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 ......Read More

Tuesday, May 9, 2023

KIB Announces Winner of Al Dirwaza Digital Account Opening Draw for the Month of May

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 ......Read More

Tuesday, May 9, 2023
Burgan Bank Celebrates the Success of “Abracadabra” Eid play, the Largest Theatrical Production in 2 ...

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 ......Read More

Monday, May 8, 2023

HONOR Releases Inaugural ESG Report

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 ......Read More

Monday, May 8, 2023

KIB Revealed the Winners of “Al Dirwaza” Account's Fourth Draw

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 ......Read More

Saturday, May 6, 2023

Burgan Launches the Best Three Cashback Cards in Kuwait Offering up to 15%

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 ......Read More

Saturday, May 6, 2023
Burgan Bank Celebrates its First Ro2ya Graduating Cohorts

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 ......Read More

Thursday, May 4, 2023

Burgan Bank's Al-Rateb Salary Account Now Available for Online Opening in 45 Seconds

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 ......Read More

Monday, May 1, 2023

Burgan Bank's Ramadan Campaign Broke Records

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 ......Read More

Wednesday, April 26, 2023

KIB, KRCS Join Hands to Launch Annual Eid Clothing Initiative

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 ......Read More

Tuesday, April 25, 2023
KIB Concludes its Ramadan Campaign by Sharing Iftar Banquet with Security Guards

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 ......Read More

Monday, April 24, 2023

Burgan Bank continues to serve Its customers during Eid Al-Fitr holiday

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 ......Read More

Wednesday, April 19, 2023

Burgan Bank Celebrates Employees' Outstanding Performance in Customer Service for the Year 2022

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 ......Read More

Wednesday, April 19, 2023

KIB marks Arab Orphan Day with Gergean Celebrations

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 ......Read More

Wednesday, April 19, 2023
KIB's Cashback Program: Supporting Customers' Banking needs throughout the Month of Ramadan and duri ...

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 ......Read More

Wednesday, April 19, 2023

Burgan Bank Distributes Over 1,000 Toys to Families across Kuwait during Ramadan

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 ......Read More

Wednesday, April 19, 2023

Burgan Bank Successfully Hosts Second Burgan Talk with Sara Al-Sayegh

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 ......Read More

Tuesday, April 18, 2023

KIB Announced the Names of Winning Customers of Al Dirwaza Digital Account Opening Draw

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 ......Read More

Tuesday, April 18, 2023
Burgan Bank Appoints Mr. Tony Daher as New GCEO

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 ......Read More

Monday, April 17, 2023

Burgan Bank, KACCH and BACCH Join Hands to Organize a Toy Drive for Children in Hospitals in the Spi ...

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 ......Read More

Saturday, April 15, 2023

Burgan Bank Honors Participating Officers in its Recent Fire Drill

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 ......Read More

Friday, April 14, 2023

Burgan Bank Concludes the Final Eighth Round of the Kuwaiti Equestrian Federation Tour

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 ......Read More

Wednesday, April 12, 2023
KIB Sponsors UAB's Sustainability and Sustainable Finance Forum

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 ......Read More

Tuesday, April 11, 2023

KIB Launches its Machla Distribution Initiative in Partnership with KRCS during Ramadan

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 ......Read More

Tuesday, April 11, 2023

KIB launches “Do Good and Honor Your Neighbor” Initiative

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 ......Read More

Tuesday, April 11, 2023

Burgan Bank Announces the Names of the Monthly Draw Winners of Kanz Account

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 ......Read More

Tuesday, April 11, 2023
Burgan Bank Distributes Ramadan Food Baskets in Cooperation with KRCS

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 ......Read More

Saturday, April 8, 2023

Viu Joins Forces with Zain Kuwait to Offer Seamless Access to Quality Entertainment

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 ......Read More

Friday, April 7, 2023

KIB Concludes its Participation in Job Fairs at KILAW and PAAET

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 ......Read More

Friday, April 7, 2023

Burgan Bank Group Holds First CEO Summit 2023 in Jordan

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 ......Read More

Friday, April 7, 2023
KIB launches “Do Good” Ramadan Campaign to Motivate People to do more Good this Year

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 ......Read More

Wednesday, April 5, 2023

Burgan Bank Participates in the 2022 KFAS Innovation Challenge Program in Collaboration with LBS

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 ......Read More

Wednesday, April 5, 2023

Burgan Bank Revamps its Kanz Draw Account with New Benefits and Even Bigger Prizes

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 ......Read More

Wednesday, April 5, 2023

KIB Inks Agreement with Midas to Deliver Exclusive Financing Deals to Customers

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 ......Read More

Wednesday, April 5, 2023
KIB Announces the Winners of the new “Al Dirwaza” Account's Monthly Draw'

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 ......Read More

Tuesday, April 4, 2023

Burgan Bank Launches “Driven by Kindness” Ramadan Campaign as part of its CSR Program during the Hol ...

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 ......Read More

Monday, April 3, 2023

KIB details the Targeted Services itPprovides for Customers of Determination

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 ......Read More

Monday, April 3, 2023

Burgan Bank holds its 58th Annual General Assembly and 36th Annual Extraordinary General Meeting

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 ......Read More

Saturday, April 1, 2023
Agility Reports KD 68 Million Net Profit for the Full Year of 2022

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 ......Read More

Saturday, April 1, 2023

KIB Provides Eidiya once again at all Branches on the Joyous Occasion of Eid Al Fitr

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, ......Read More

Saturday, April 1, 2023

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