Ooredoo Kuwait Transforms Gaming Experience with Cutting-Edge ProPing Gaming Lab
Kuwait, 18th March, 2024: Ooredoo Kuwait, the country's leading telecommunications provider, is excited to announce the operational excellence of its highly anticipated ProPing Gaming Lab. Serving as a 24/7 call center exclusively dedicated to gamers, this cutting-edge facility offers instant support and upgrades for an enhanced gaming ......Read More
Kuwait to face The Netherlands in Padel final of 11th Nad Al Sheba Sports Tournament
Boy’s U-18 padel reaches semi-final stages
All set for Jiu-Jitsu and men’s volleyball at most popular sports event during holy month of Ramadan
DUBAI: The Netherlands will meet Kuwait in the finals of the Padel competition of the 11th Nad Al Sheba (NAS) Sports Tournament to be held at the Nad Al Sheba Sports Complex.
The ......Read More
Burgan Bank Collaborates with talabat in Ramadan
Offering its cardholders exclusive discounts for easier, more rewarding shopping
Kuwait, 17 March 2024: In celebration of Ramadan, Burgan Bank announced its collaboration with talabat during the holy month, whereby all customers shopping with a Burgan credit or pre-paid card can enjoy up to a 50% discount on all orders placed via the talabat ......Read More
talabat concludes its support as ‘Main Sponsor' for GCC Traffic Week 2024
[Kuwait, 16 March 2024] As part of its ongoing and strategic collaboration with the Kuwaiti Ministry of Interior (MOI), «talabat», a trailblazer in technology and innovation, recently concluded its main sponsorship of the season’s edition of GCC Traffic Week – Kuwait. Seamlessly aligning both public and private sector ......Read More
KIB concludes sponsorship of the final round of Food Buzz for this year
Kuwait, 14 March 2024: In continued efforts to support Kuwait’s entrepreneurs as well as small and medium enterprise (SMEs) owners, Kuwait International Bank (KIB) concluded its sponsorship of the final round of the 7th edition of Food Buzz Festival – Kuwait’s iconic food and beverage (F&B) annual festival. The final round ......Read More
Catrice Launches Limited Edition About Tonight Collection for Ramadan 2024
Catrice, the beloved beauty brand known for its high-quality and affordable products, is thrilled to announce the launch of its limited edition "About Tonight" collection for Ramadan 2024. This special collection is designed to celebrate the spirit of Ramadan with a touch of glamour and elegance, perfect for all those special occasions ......Read More
The Ultimate Eid Gift Guide: Best Tech Gifts for Your Loved Ones
Find Your Perfect Tech Treat for Fitness Buffs to Creators
Kuwait - Do you want to make this year's Eid special? A thoughtful gift is a wonderful way to say 'Eid Mubarak.' As the joyous celebrations approach, it's time to find those special gifts for your loved ones. This Eid, elevate your gifting with cutting-edge technology ......Read More
Burgan Bank Celebrates the Graduation of 34 Employees from IBS Certification Programs
Under the umbrella of the Bank’s Dedication for Human Capital Development and Enhancement of Kuwaiti Caliber
Burgan Bank recently celebrated 34 of its distinguished employees for completing various certification programs from the Kuwait Institute for Banking Studies (KIBS) carrying on the Bank’s continuous efforts aimed at ......Read More
KIB offers Black segment customers Eidiya requests delivery across Kuwait
Kuwait, 13 March 2024: As part of efforts to enhance its banking experience and ensure maximum added value to customers, adding to its full suite of banking products and services, Kuwait International Bank (KIB) is offering its Eidiya requests home delivery service exclusively for its KIB Black segment customers. Deliveries are available all over ......Read More
Progress Report: Sustainability, Digitalization and Safety in Air Cargo
12 March 2024 (Hong Kong) -- The International Air Transport Association (IATA) reviewed progress in digitalization, safety and sustainability at the opening of the IATA World Cargo Symposium with the aim of accelerating progress on these critical priorities.
“Air cargo volumes are now firmly back to pre-pandemic levels. The challenge now is to ensure that air cargo growth is efficient, safe and aligned with achieving net zero carbon emissions by 2050. Through the hard work of the air cargo industry, the building blocks are in place to significantly accelerate progress in all these areas,” said Brendan Sullivan, IATA’s Global Head of Cargo at the World Cargo Symposium (WCS), which opened in Hong Kong, today.
Digitalization
“The biggest opportunity for the ......Read More
Ooredoo business Shapes the Future of Education at Kuwait University's Digital Transformation Summit
Kuwait, 12th March,2024: Ooredoo business, a trailblazing force in the telecommunications sector and a renowned digital innovator, reinforced its commitment to advancing the education sector as the platinum sponsor at the 'Kuwait Digital Transformation in Education Summit,' hosted at Kuwait University on March 4th.
The one-day ......Read More
KIB announces the launch of Al Dirwaza account 2024 campaign, revealing the winners of the monthly a ...
The best account of its kind in Kuwait in terms of the number of winners and offering the highest monthly expected returns
Kuwait, 9 March 2024: Kuwait International Bank (KIB) announced the launch of the Al Dirwaza account 2024 draw campaign, distinguished by the highest number of winners throughout the year in addition to the ......Read More
Burgan Bank Announces Branch Timings for the Holy Month of Ramadan
Kuwait, 10 March 2024: Burgan Bank announced its working hours throughout the Holy Month of Ramadan. The Bank’s Head Office and branches, except for the airport and The Avenues branches, will commence operations in one shift between 10:00 am and 1:30 pm.
Burgan’s airport branch will provide all banking services to customers by ......Read More
Burgan Bank Announces the Names of the Monthly Draw Winners of Kanz Account
Kuwait, 10 March 2024
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
KIB announces strategic partnership between Mubader Center and Paydo to boost support for SMEs
Kuwait, 7 March 2024: Kuwait International Bank (KIB) announced the signing of a strategic partnership agreement between KIB Mubader Center, which specializes in incubation services, business acceleration, and entrepreneurship training for owners of small and medium-sized enterprises (SMEs), and Paydo, a leading company in the field of technical ......Read More
Burgan Bank Sponsors National and Liberation Day Celebrations at AUS
As part of its comprehensive social responsibility program
Burgan Bank recently partnered with the American United School (AUS) in helping sponsor the school's annual National and Liberation Day Carnival. The day-long carnival, held on the school’s premises, hosted around 1,500 participants, including staff, students, and their ......Read More
F-16 Block 70 Jets Set Off on Historic Ferry Flight to Bahrain: A New Era in Air Defense
GREENVILLE, S.C., March 7, 2024 – Lockheed Martin (NYSE: LMT) today marked a significant milestone with the departure of the first ferry cell of three F-16 Block 70 jets from Greenville, South Carolina, to Bahrain. This event highlights Bahrain's role as the first Gulf Cooperation Council member to operate the F-16 and now the first to ......Read More
KIB Showcases Benefits of Its Multicurrency Prepaid Visa Card Designed for a Safe and Exceptional Tr ...
Kuwait, 6 March 2024: Kuwait International Bank (KIB) held a press conference to unveil the array of benefits offered by its innovative digital product, the Multicurrency Prepaid Visa card. The launch of the new product aligns with the Bank’s overarching strategy to deliver innovative banking solutions and products designed to ensure convenience and ease for all its customers. It aims to enhance the quality of services provided, guaranteeing a secure and comfortable payment and shopping experience during travels and upon conducting international transactions.
Commenting on KIB’s newest product, Othman Tawfeqe, General Manager of the Retail Banking Department, said: “We are thrilled to introduce the Multicurrency Prepaid Visa Card, a digital payment product designed to ......Read More
KIB introduces details of Kuwait's first bank-led digital marketplace: KIB PayTally App
Kuwait, 5 March 2024: Kuwait International Bank (KIB) held a special press conference to announce the launch of Kuwait’s first bank-led digital marketplace, the KIB PayTally App. A leader in Islamic banking solutions, KIB’s pioneering initiative marks the first time a bank in Kuwait has created a platform to serve as a specialized ......Read More
Al Babtain Unveils JAECOO's Off-Road Revolution: J7 and J8 at the Kuwait Auto Land, Redefining SUV E ...
Through the participation of Al-Babtain Group Holding Company, the authorized and exclusive dealer for JAECOO cars in Kuwait, the All-New J7 and J8 were introduced for the first time in Kuwait at the Auto Land exhibition. As it unveils its high-end off-road SUVs at the largest auto exhibition, it signals a paradigm shift in SUV innovation. These ......Read More
Four seasons private Residences Bahrain bay appoints Valencia Albuquerque as director of Residences
Dubai, UAE (March 4, 2024): Soon to become a premier address of choice in the city, Four Seasons Private Residences Bahrain Bay [3] is preparing to open its doors and appoints Valencia Albuquerque [4] as Director of Residences to oversee property management and resident experience, delivering Four Seasons legendary service to homeowners in ......Read More
Burgan Bank Unveils “Beladona Helwa” in Celebration of Kuwait National Day
Kuwait, 3 March 2024 : In celebration of Kuwait National Day, Burgan Bank announced the release of “Beladona Helwa”: a new song and accompanying video paying homage to Kuwait and the deep-rooted love for the homeland. Performed by a group of young and aspiring artists, the song was part of the modern re-imagining and reprisal of ......Read More
Ooredoo Clinches Double Victory at Asian Telecom Awards
Mobile Operator of the Year - Kuwait and Telecom Company of the Year - Kuwait Recognized
Kuwait, March 2nd , 2024: Ooredoo Kuwait, the country's leading telecommunications company, continues to enhance its reputation for excellence by securing two prestigious accolades at the Asian Telecom Awards. The company has been recognized as ......Read More
KIB earns “Best Customer-Focused Islamic Banking Products and Services in Kuwait” award from World F ...
Kuwait, 2 March 2024: World Finance has recognized Kuwait International Bank (KIB) with the “Best Customer-Focused Islamic Banking Products and Services in Kuwait” award for 2023. The award is in acknowledgment of KIB’s solid commitment to delivering exceptional customer service and is one of four awards KIB has won in the 2023 ......Read More
Burgan Bank Celebrates National Day with its Employees by Revealing The New TVC Featuring a Remake o ...
As part of its strategy of creating a positive work environment and boosting employee engagement
Kuwait, 1 March 2024: Burgan Bank hosted a memorable event specially organized for its staff, in celebration of Kuwait National and Liberation Days. The event held at Burgan Bank’s headquarters featured the first-time exclusive ......Read More
" Generation after Generation" Ooredoo Kuwait Demonstrates Unwavering Patriotism in Nation ...
Kuwait – Feb 29th, 2023: In a remarkable display of dedication to Kuwait, Ooredoo Kuwait took center stage during the recent celebrations of the nation's 63rd National Day and 33rd Liberation Day. Seamlessly integrating into the festivities, the telecom giant presented a diverse array of impactful initiatives, including collaborative campaigns, educational outreach, and vibrant sponsorships.
Ooredoo's commitment to the community was evident through interactive programs and engaging activities catering to all segments of society, emphasizing its dedication to promoting national unity.
Key Highlights of Ooredoo Kuwait's National Days Initiatives:
1. "Kuwait Glory and Pride" Awareness Campaign:
Ooredoo Kuwait collaborated with the Ministry of ......Read More
KIB appoints Mona Mahmoud as Head of Anti-Money Laundering, Combating the Financing of Terrorism and ...
Kuwait, 28 February 2024: Kuwait International Bank (KIB) is pleased to announce the appointment of Ms. Mona Hamed Mahmoud as the Head of the Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT) and Tax Compliance Department. With a notable track record in financial supervision and compliance, Ms. Mona is poised to bring a ......Read More
2023 Safest Year for Flying By Several Parameters
28 February 2024 - The International Air Transport Association (IATA) released its 2023 Annual Safety Report for global aviation. Aviation continues to make progress on safety with several 2023 parameters showing “best-ever” results.
There were no hull losses or fatal accidents involving passenger jet aircraft in 2023. However, there was a single fatal accident involving a turboprop aircraft, resulting in 72 fatalities. There were 37 million aircraft movements in 2023 (jet and turboprop), an increase of 17% on the previous year.
Report highlights include:
The all accident rate was 0.80 per million sectors in 2023 (one accident for every 1.26 million flights), an improvement from 1.30 in 2022 and the lowest rate in over a decade. This rate outperformed the five-year ......Read More
Huawei Charts a New Course and Showcases High-end Fashion-forward Product Lineup at MWC 2024
Kuwait - The Mobile World Congress (MWC) 2024, held on February 26 in Barcelona, Spain, saw Huawei showcase a lineup of high-end, fashion-forward flagship products that drew significant attention, notably the HUAWEI Mate 60 RS ULTIMATE DESIGN, HUAWEI FreeClip, and HUAWEI WATCH GT 4. Huawei's exhibition space reflected its focus on the user ......Read More
Ooredoo Kuwait Sponsored Bugsha Market, Attracting Approximately 200,000 Visitors During the Nationa ...
Feb 27, 2024 – Kuwait City, Kuwait: Ooredoo Kuwait, the leading telecom provider, proudly took the center stage as the sponsor of Bugsha Market, the largest outdoor event in Kuwait. Held at Al Shaheed Park during the National Days Break from February 22nd to February 26th, the market emerged as a vibrant showcase of Kuwait's rich ......Read More
KIB Group records KD 19 million profits for the year 2023, 40% up from last year
Total assets amounted to KD3.62 billion
Financing portfolio amounted to KD2.49 billion
Depositors' accounts amounted to KD2.12 billion
Net profit attributable to shareholders achieved 40% growth
Kuwait, 26 February 2024: The Chairman of Kuwait International Bank (KIB) Group, Sheikh Mohammed Jarrah Al-Sabah, announced the ......Read More
Burgan Bank Wins Elite J.P. Morgan Quality Recognition Award for 2023
Cementing the Bank’s leading position within the Kuwaiti banking sector
Kuwait – 27 February 2024: Burgan Bank announced receiving the coveted ‘Quality Recognition Award’ for the year 2023 from J.P. Morgan Chase N.A. in recognition of its consistently high-quality performance. The award acknowledges the advanced ......Read More
STATEMENT BY PRINCIPALS OF THE INTER-AGENCY STANDING COMMITTEE - CIVILIANS IN GAZA IN EXTREME PERIL ...
21 February 2024: NEW YORK/GENEVA/ROME – In the less than five months that followed the brutal 7 October attacks and the ensuing escalation, tens of thousands of Palestinians – mostly women and children – have been killed and injured in the Gaza Strip. More than three quarters of the population have been forced from their homes, many multiple times, and face severe shortages of food, water, sanitation and healthcare – the basic necessities to survive.
The health system continues to be systematically degraded, with catastrophic consequences. As of 19 February, only 12 out of 36 hospitals with inpatient capacity are still functioning, and only partially. There have been more than 370 attacks on health care in Gaza since 7 October.
Diseases ......Read More
IATA and The Weather Company Collaborate to Provide Enhanced Turbulence-Related Weather Data to Airl ...
22 February 2024 – The International Air Transport Association (IATA) is expanding the transmission of its Turbulence Aware data for use within industry-leading aviation solutions by The Weather Company, which serves a majority of North American commercial airlines and many others globally. With this enhancement, participating airlines can now access Eddy Dissipation Rate (EDR) turbulence data directly through Fusion™ and Pilotbrief® tools by The Weather Company. IATA Turbulence Aware will be enabled as an additional data layer within these tools, allowing pilots, dispatchers and flight planners to have needed turbulence observations integrated directly into their mission critical applications in one place rather than relying on multiple screens.
Turbulence can ......Read More
KIB to be closed during the National and Liberation Day holiday, providing services through digital ...
Kuwait, 22 February 2024: Kuwait International Bank (KIB) announced that it will continue to provide its online banking services around the clock during the National and Liberation Day 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 ......Read More
Advanced Technology Company (ATC) Partners with International Extracorporeal Life Support Organizati ...
Kuwait, 21 February 2024: Advanced Technology Company (ATC), the leading distributor of medical devices in Kuwait, partnered with the Southwest Asia and Africa Chapter of the Extracorporeal Life Support Organization (SWAAC ELSO) as the Platinum Sponsor for the organization’s 10th annual conference, hosted in Kuwait for the first time from ......Read More
KIB participates in the “Digital Innovation in Kuwait's Banking Sector” conference
Kuwait, 21 February 2024: Kuwait International Bank (KIB) announced its participation in the “Digital Innovation in Kuwait’s Banking Sector” conference, which was recently organized by the US Chamber of Commerce’s US-Kuwait Business Council at Four Seasons Kuwait. The Bank’s participation comes as part of its ......Read More
Ooredoo Kuwait Champions Innovation by Sponsoring Kuwait University's SABS Team
Kuwait City, 21st Feb 2024: In alignment with its steadfast commitment to social responsibility and the advancement of education, Ooredoo Kuwait, the pioneering technology and telecom operator, proudly announced its sponsorship of a team of mechanical engineering students from Kuwait University. This sponsorship stands as a testament to Ooredoo ......Read More
GoPaint Global Campaign Ignites Creativity: Huawei Inspires Digital Artists Worldwide
Kuwait – Huawei CBG Kuwait , proudly presented GoPaint, a dynamic global campaign designed to fuel creativity and celebrate the artistry of digital creators. Hosted by Noua Art & Cultural Center, located in Al Hamra Shopping Centre, presented an electrifying atmosphere for the digital art activity, uniting a diverse array of emerging ......Read More
Ooredoo Kuwait Champions Local Sports Talent with Junior Football Tournament Sponsorship
Kuwait, 19 Feb 2024: In a firm commitment to nurturing young talent and supporting local athletes and sports, Ooredoo Kuwait, the leading telecommunications company, has proudly announced its sponsorship of the Junior Football Tournament held at the Army Officers Club in collaboration with the Ministry of Defense.
The Army’s Club ......Read More
KIB opens a new branch in the Sabah Al-Salem area
Kuwait, 19 February 2024: Kuwait International Bank (KIB) announced the opening of its new branch in the Sabah Al-Salem area. The branch features a modern and innovative design, and advanced technical specifications that align with the Bank’s new digital transformation strategy, which it is working to implement. This step is part of ......Read More
Burgan Bank Records Operating Profit of KD 106 Million in 2023
Reporting KD 222 Million in Revenue and KD 43.5 Million in Net Income
Kuwait, 18 February 2024: Burgan Bank (“Burgan” or “the Bank”) announced its financial results for the fiscal year ending December 31, 2023 (FY’23). The Bank capped off a pivotal transformational year with healthy revenue, stable asset levels and ......Read More
In the Spirit of National Pride: Ooredoo Kuwait Sponsored Kuwait University's National Day Celebrati ...
Kuwait 19th, 2024: In a resounding celebration of Kuwait's rich cultural tapestry, Ooredoo Kuwait, the leading telecommunications company, proudly announces its pivotal sponsorship and active participation in the recent National Day festivities held at Kuwait University's Shadadiyah campus. Themed "May you always be proud, my country, ......Read More
Burgan Bank Crowns Its Second Kanz Millionaire and Winner of KD 1,500,000 Prize
As part of its overarching strategy for rewarding the Bank’s loyal customers
Kuwait, 17 February 2024 : Stemming from its committed strategy for rewarding its customers, elevating their lifestyle, and supporting them in achieving their aspirations, Burgan Bank crowned the second winner of the Kanz annual KD1,500,000 draw prize, ......Read More
KIB promotes financial literacy among Murouj visitors
Kuwait, 15 February 2024: Kuwait International Bank (KIB) recently set up a booth at Murouj to raise banking awareness and promote financial culture among a wide segment of society. The Bank aimed at introducing Murouj visitors to its services, products, and latest promotional offers. This step comes as part of its continuous efforts to support ......Read More
Ooredoo business Takes Center Stage in Kuwait's Business Development Scene, Nurturing SMEs and Techn ...
Kuwait – February 15th , 2024: In the ever-evolving landscape of Kuwait's business development, Ooredoo business stands out as the go-to technological partner, providing a range of digital services and solutions. With a strategic vision to cater to diverse customers spanning various business sectors, the company is on a trajectory ......Read More
Burgan Bank Urges its Customers to Adopt Safe Banking Practices and Stay Wary of Financial Fraud
In response to the notable rise in fraud attempts and the MOI’s success in thwarting many of them
Kuwait, 16 February 2024: In light of the alarming rise in financial fraud and scam attempts in Kuwait and the Ministry of Interior (MOI)’s success in processing 334 reports of fraud, which amounted to a total of KD 592,556 since the ......Read More
Ooredoo Kuwait Celebrates National Days with a series of exclusive offers and attractive promotions
Kuwait, February 5th , 2023 – In a festive celebration aligning with the national days, Ooredoo Kuwait, the leading telecom service provider, has revealed a series of exclusive offers, underscoring its commitment to delivering unparalleled services and enhancing the digital experience for its customers.
Dedicated to delivering exceptional ......Read More
KIB: Investors' eyes are currently on the apartment and light industrial sectors
Kuwait, 13 February 2024: Kuwait International Bank (KIB) reported that the value of real estate deals concluded in 2023 reached KD 2,777,583,000, compared to approximately KD 3,937,630,000 in 2022, marking a decrease of 29.46%.
Real estate transactions in 2023 experienced fluctuations across various types of properties (apartment, residential, ......Read More
Burgan Bank Announces New Partnership with VOX Cinemas
Offering customers ‘Buy One, Get One Free’ on movie tickets
Burgan Bank announced that it has signed a strategic partnership with VOX Cinemas Kuwait, in line with its efforts to offer its customers an exceptional banking experience rich with advantages and benefits. Under this new partnership, the Bank’s customers of all ......Read More
JAECOO and Al Babtain Group Holding Sign Collaboration Agreement to Launch Off-Road Icon in Kuwait
Al Babtain Group Holding is the exclusive agent for JAECOO cars in Kuwait
JAECOO, the off-road vehicle brand, and Al Babtain Group Holding have signed a memorandum of understanding, marking the establishment of a strategic partnership between the two companies and a significant step towards enhancing JAECOO's presence in the ......Read More
KIB announces winners of Al Dirwaza account Monthly Draw
The best account of its kind in Kuwait for offering the highest monthly expected returns and cash prize draws
Kuwait, 11 February 2024: Kuwait International Bank (KIB) announced the names of the winners in Al Dirwaza account monthly draw, based on customers’ January deposits. The draw was held in the presence of representatives ......Read More
KIB Launches February Promotion for Visa Credit and Prepaid Cardholders
Kuwait, 12 February 2024: Kuwait International Bank (KIB) announced the launch of a special promotion for all its credit and prepaid cardholders, including Visa Classic, Gold, Platinum, Signature, Infinite, and Prepaid cardholders. The promotion comes in celebration of Kuwait’s National and Liberation Day, where the Bank will reward its Visa ......Read More
The HUAWEI FreeBuds Pro 3: The only wireless earbuds you'll ever need
Kuwait - There has never been a better time to buy a new pair of wireless earbuds. Do you know why? Huawei has just made a breakthrough in wireless audio. The recently launched premium wireless earphones, the HUAWEI FreeBuds Pro 3, bring new groundbreaking innovations in sound quality and several other improvements that make the overall experience stellar. One of the limiting factors in earbuds’ sound quality is their small size, which makes it challenging to fit speakers that produce high-fidelity sound. But the new FreeBuds Pro 3 solve that with its dual driver system. The call quality is another area that has seen a massive improvement, with the new earbuds offering a 2.5x improvement over its predecessor. Let’s take a closer look.
Experience the sound of ......Read More
ICSID Committee Makes a Rare Annulment of a Previous Judgment Only 5% of Annulment Applications Gran ...
This Action is a Bellwether of Whether there is a True Rule of Law for Those Who Invest in Iraq
KUWAIT – February 10, 2024 — Three years ago, an international arbitration tribunal constituted under the auspices of the International Centre for the Settlement of Investment Disputes (ICSID) denied claims filed by Agility that Iraqi ......Read More
Oman's Smart Vision Summit Gains Momentum with XS.com as Global Sponsor
Oman, 12th February 2024 – XS.com, the global FinTech and financial services provider for online trading and investing, proudly announces its global sponsorship for the eagerly awaited “Oman Smart Vision” Summit, set to unfold on February 14th and 15th at the esteemed “Sheraton Oman” Hotel in Muscat, Oman.
Hosted ......Read More
ABK Capital wins ‘Fastest Growing Asset Manager' award
Dr. Shahrur: the award reflects the success of its transformation process
Kuwait, 10 February 2024: ABK Capital, the investment arm of Al Ahli Bank of Kuwait (ABK), has been recognized as the "Fastest Growing Asset Manager in Kuwait 2023”, by Global Business Outlook magazine, which relies on high standards by a specialized committee ......Read More
H.E. Dr. Nora Al-Mashaan visits New Maternity Hospital project
The 789-bed hospital is now in the final stages of construction
Kuwait – 10 February, 2024 – As part of her continuous visits to the Ministry’s various ongoing projects, Her Excellency Dr. Nora Mohammad Al-Mashaan, Minister of Public Works and Minister of State for Municipal Affairs, made an official visit earlier this ......Read More
KIB wins CFI.co's “Best Banking Vision in MENA” award for the third year in a row
The international award solidifies the Bank’s leading position across the MENA region
Kuwait, 10 February 2024: Kuwait International Bank (KIB) is delighted to announce that it has won the “Best Banking Vision – MENA 2023” award from Capital Finance International (CFI.co) magazine, affirming the Bank’s ......Read More
Burgan Bank Revives Iconic Kuwaiti Play “Al Sindbad Al Bahri”
As part of its multi-faceted National Day celebrations and continued support of Kuwait’s cultural sector
Kuwait, 10 February 2024: In celebration of Kuwait National Day, Burgan Bank announced that it is reviving an icon of classic Kuwaiti culture and a cross-generational favorite, “Al-Sindbad Al-Bahri”, which was presented ......Read More
Burgan Bank Encourages Staff to Adopt a Healthier Lifestyle with Month-Long ‘Rock Your Habits' Progr ...
Kuwait,7 February 2024: Burgan Bank recently concluded the month-long ‘Rock Your Habits’ well-being program and challenge, which the Bank hosted at its head office as part of its mission to be an employer of choice and its comprehensive approach to human capital development. The program aimed to raise awareness about healthy ......Read More
KIB to be closed during the Israa' and Mi'raj holiday, providing services through digital platforms
Kuwait, 7 February 2024: Kuwait International Bank (KIB) announced that it will continue to provide its online banking services around the clock during the Israa’ and Mi’raj 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 holiday on Thursday, 8 February 2024, and normal working hours will resume on Sunday, 11 February 2024.
KIB highlighted its commitment to serving its customers and enabling them to follow up on their financial affairs and complete their banking transactions with efficiency and without disruption. The Bank indicated that it will continue to provide its banking services through all its digital platforms 24/7 during the holiday, including ......Read More
Ooredoo Kuwait Group reported EBITDA growth of 10% to reach KWD 249 million in 2023 Earnings per sha ...
Kuwait City, Kuwait, 6 February 2024: National Mobile Telecommunications Company K.S.C.P “Ooredoo” (Ticker: OOREDOO) announced today its financial results for the year ended 31 December 2023:
Financial Highlights:
Full Year ......Read More
Burgan Bank Expands its Private Banking and Wealth Management Product Portfolio
Kuwait, 6 February 2024: On its mission to expand the scope of its banking and financial services, Burgan Bank announced that the Central Markets Authority (CMA) has granted it several new licenses that allow the Bank to offer its high-net-worth individuals (HNWIs) a new suite of Private Banking and Wealth Management services and products. By ......Read More
KIB signs MoU with Kuwait University for enhanced Real Estate education and student training
Kuwait, 6 February 2024: Kuwait International Bank (KIB) has signed a memorandum of understanding (MoU) with Kuwait University - College of Administrative Sciences, aimed at enriching student training and enhancing educational curricula in the real estate sector. This initiative will involve practical studies on diverse property types and the ......Read More
KIB: Manal Al-Rubaian Globally Recognized as One of the Top ‘500 Influential Women in Islamic Busine ...
Kuwait, 4 February 2024: Kuwait International Bank (KIB) congratulated its General Internal Auditor Manal Adnan Al-Rubaian for being awarded a distinguished ranking in the list of the top “500 Most Influential Women in Islamic Business and Finance” for the year 2023, a recognition by the global institution Cambridge IFA. Al-Rubaian ......Read More
Winners Revealed for “TRT World Citizen Awards”
The winners of “TRT World Citizen,” a project initiated by TRT in 2017 with the principle of “Inspiring Positive Change,” have been revealed.
“TRT World Citizen Awards,” which is among TRT's most significant social responsibility initiatives and was launched in 2017 with the principle of ......Read More
KIB Appoints Mohammed Al-Duwailah as New General Manager of Treasury Department
Kuwait, 3 February 2024: Kuwait International Bank (KIB) is pleased to announce the appointment of Mohammed Al-Duwailah as the General Manager of the Treasury Department. Al-Duwailah, a seasoned professional with over 19 years of experience in the Treasury and Investment field, brings a wealth of knowledge and expertise to KIB. His appointment ......Read More
Ooredoo Kuwait and Cafe 312 Unite to Drive Diversity and Inclusion in the Workplace
Kuwait City, February 1st 2024: Ooredoo Kuwait, the prominent telecommunications company, has officially announced its collaboration with Cafe 312, marking a pioneering initiative in Kuwait. Cafe 312 stands out as the first cafe in the country entirely staffed by individuals from the disabled community.
Emphasizing its commitment to ......Read More
Air Cargo Demand Surges 10.8% in December, Closing 2023 Near 2022 Levels
31 January 2024 - The International Air Transport Association (IATA) released data for global air freight markets showing that air cargo demand rebounded in 2023 with a particularly strong fourth quarter performance despite economic uncertainties. Full-year demand reached a level just slightly below 2022 and 2019.
• Global full-year demand in 2023, measured in cargo tonne-kilometers (CTKs), was down 1.9% compared to 2022 (-2.2% for international operations). Compared to 2019, it was down 3.6% (-3.8 for international operations).
• Capacity in 2023, measured in available cargo tonne-kilometers (ACTKs), was 11.3% above 2022 (+9.6% for international operations). Compared to 2019 (pre-COVID) levels, capacity was up 2.5% (0.0% for international operations).
• ......Read More
KIB Announces the Winner of Al Dirwaza Account's Mega Draw
The best account of its kind in Kuwait for offering the highest monthly expected returns and cash prize draws
Kuwait, 31 January 2024: Kuwait International Bank (KIB) announced the name of the winner in the first Al Dirwaza account Mega Draw, based on customers’ November and December balances. Mr. Fadhel Abdulkareem Fadhel ......Read More
Ooredoo Kuwait Sponsors The English School of Kuwait's Triathlon Event to Upgrade Health & Education
Kuwait, 30 January, 2024: Aligned with its vision to promote health and well-being within the community, leading telecommunications company Ooredoo Kuwait reinforces its commitment to advancing education through the sponsorship of The English School of Kuwait's full-day triathlon event. This triathlon event included running, biking, and ......Read More
KIB receives International ISO Certification in information Security Management for the 10th Consecu ...
Kuwait, 29 January 2024: For the 10th year in a row, owing to its commitment to the highest international standards for security systems efficiency, Kuwait International Bank (KIB) successfully garnered the ISO 27001:2022 International Certificate for Information Security Management System. This achievement is a testament to the Bank’s unyielding commitment to adopting top-class security systems and state-of-the-art technologies across all its services, guaranteeing the highest levels of security and safety for the customers’ bank and personal data.
Commenting on this achievement, Basil Al-Suwaidan, General Manager of the Information Security, Privacy, and Anti-Fraud Department at KIB said: “We are very proud of being granted this prestigious certification for the ......Read More
EASA Partners with IATA to Counter Aviation Safety threat from GNSS Spoofing and Jamming
30 January 2024 – The European Union Aviation Safety Agency (EASA) and the International Air Transport Association (IATA) announced the conclusions of a workshop jointly hosted at EASA’s headquarters to combat incidents of GNSS spoofing and jamming.
The workshop’s high-level conclusion was that interference with satellite-based services that provide information on the precise position of an aircraft can pose significant challenges to aviation safety. Mitigating these risks requires short-, medium- and long-term measures, beginning with the sharing of incident information and remedies.
“GNSS systems offer tremendous advantages to aviation in increasing the safety of operations in a busy shared airspace,” said EASA Acting Executive Director Luc Tytgat. ......Read More
Ooredoo Business Forges Strategic Partnership with Dell Technologies at Exclusive Event
Kuwait, 29th January 2024: Ooredoo business, the leading player in the telecommunications industry, participated in a transformative event hosted by Dell Technologies and co-hosted with Mindware, at the prestigious Waldorf Astoria Kuwait.
The event, a veritable showcase of cutting-edge technology solutions, focused on providing innovative ......Read More
Burgan Bank Exceeds Kuwaitization Requirements in 2023, Reaching 83% Nationalization Rates
Setting an example for human capital and local talent investment in Kuwait
Kuwait, 28 January 2024: Building on its institutional belief and realizing its vision for community development, Burgan Bank announced recording an impressive 83% Kuwaitization rate among its workforce – surpassing the minimum regulatory requirements by 13% - and ......Read More
Ooredoo Unveils AI-Powered Samsung Galaxy S24 Series with Exclusive Launch Offers
In the dynamic realm of telecommunications, Ooredoo Kuwait, the leading telecom provider, reaffirms its dedication to continuous innovation. As a testament to this commitment, the company has unveiled the much-anticipated Samsung Galaxy S24 series in its stores.
The new Samsung Galaxy series promises a revolutionary leap in smartphone ......Read More
KIB Invites the Kuwaiti Public and Equestrian Sports Enthusiasts to attend KIB | The Stadium
Kuwait, 25 January 2024: Kuwait International Bank (KIB) announced that the second season of KIB | The Stadium, the leading and first-of-its-kind professional sports championship in Kuwait, will be officially launched on Friday, January 26, 2024. The Bank invites the Kuwaiti public and equestrian sports enthusiasts to attend and watch the unique ......Read More
Experience the Ultimate Sound Quality with HUAWEI FreeBuds Pro 3, Now Available in Kuwait
Kuwait - Huawei announced the availability of its latest flagship wireless earbuds, the HUAWEI FreeBuds Pro 3, in Kuwait with a price of 64.9 KWD. These new generation of TWS earbuds combine fashionable design aesthetics with class-leading audio. They redefine sound fidelity, pushing industry standards to new heights. Besides, the FreeBuds Pro 3 ......Read More
KIB Crowned Best Sharia-Compliant Bank in MENA
Kuwait, 21 January 2023: In acknowledgment of its continuous efforts and significant contributions to the advancement and expansion of the Islamic finance sector in Kuwait, Capital Finance International (CFI.co) magazine has named Kuwait International Bank (KIB) once again as Best Sharia-Compliant Bank – MENA 2023.
The ......Read More
Burgan Bank, Al Ahmadi Governorate Extend their Support to Kuwait Society for the Handicapped
Confirming the Bank’s commitment to its expansive social responsibility and inclusion strategy
Kuwait, 22 January 2024: Burgan Bank donated a variety of essential equipment and supplies to the Kuwait Society for the Handicapped’s (KSH) Al Ahmadi Educational Center, under the patronage of His Excellency Sheikh Fawaz Khaled Al-Hamad ......Read More
KIB evaluated more than 14,000 Properties throughout 2023
Kuwait, 22 January 2024: Kuwait International Bank (KIB) announced that it has evaluated more than 14,000 properties during the year 2023. Thanks to a vast experience dating back to 1973, the Bank’s Real Estate Appraisal Division has become respected as a reliable source of reference for governmental agencies, local banking institutions, real estate investment companies and individuals. Over the years, the department has continued to demonstrate high credibility, reliability and confidentiality in the market and among its customers.
In this regard, Ali Alshakhs, Senior Manager of Real Estate Appraisal at KIB, said: “The Real Estate Appraisal Division under the Real Estate Department provides its customers with a detailed report on all types of properties that ......Read More
Ooredoo Triumphs with Three Prestigious Stevie MENA Awards, Including Two Gold and One Silver, Showc ...
Kuwait, January 20, 2024: In a momentous victory, Ooredoo Kuwait, the foremost telecommunications company in Kuwait, has secured three prestigious accolades at the 2024 MENA Stevie Awards, the region's premier global business competition. Established to recognize innovation at organizations and spotlight their noteworthy contributions, ......Read More
Burgan Bank is Redefining Customer Experience with the Launch of a Market-Leading Personalized Queui ...
Setting a new benchmark for customer service and satisfaction success in Kuwait
Kuwait, 20 January 2024: Burgan Bank recently announced the launch of its latest cutting-edge customer service innovation, the personalized queueing system, which is now available across the Bank’s branches for the first time in Kuwait. The ......Read More
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