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Zain Kuwait, Al-Babtain Turnkey Solutions and Samsung ink MOU

Posted by on 16/10/2018
Filed under Business, Top Stories

Zain Kuwait, Al-Babtain Turnkey Solutions and Samsung ink MOU

Zain Kuwait, Al-Babtain Turnkey Solutions and Samsung ink MOU

Strategic partnership to fast-track enterprise digital transformation with IoT DUBAI/KUWAIT: Zain Kuwait, the leading digital service provider in the country, announces a strategic partnership with Samsung and Al-Babtain Turnkey Solutions to employ Internet of Things (IoT) solutions to accelerate the nation’s digital transformation. This collaboration will facilitate the development of smart education, smart health, smart […]

Strong oil prices boost Kuwait economy; CB maintains rate

Posted by on 16/10/2018
Filed under Business

Strong oil prices boost Kuwait economy; CB maintains rate

Strong oil prices boost Kuwait economy; CB maintains rate

Real estate sales drop 15% y/y in August KUWAIT: Domestic economic news was mixed through September. Non-oil growth came in stronger than expected in 1H18, while elevated oil production and oil prices at four-year highs implied a major boost for the fiscal position. However, consumer spending growth slowed and real estate sales were weak (albeit […]

Daimler AG chooses Al Mulla Group as new Mercedes-Benz distributor in Kuwait

Posted by on 16/10/2018
Filed under Business

Daimler AG chooses Al Mulla Group as new Mercedes-Benz distributor in Kuwait

Daimler AG chooses Al Mulla Group as new Mercedes-Benz distributor in Kuwait

KUWAIT: Daimler AG, the owner of the Mercedes-Benz brand, has announced Al Mulla Group as its future distributor in Kuwait, operating under the name ‘Al Mulla Automobiles Company for Buying and Selling Cars SPC’. The distributorship will comprise passenger cars, vans, trucks, and buses. As one of the leading diversified and privately held business groups […]

Zain announces the launch of drone services in Kuwait on 2nd day of GITEX

Posted by on 15/10/2018
Filed under Business, Top Stories

Zain announces the launch of drone services in Kuwait on 2nd day of GITEX

Zain announces the launch of drone services in Kuwait on 2nd day of GITEX

Al-Kharafi: The disruptive power of drone solutions will bolster efficiency for businesses, govt entities DUBAI: Zain Group, the leading mobile telecom operator in eight markets across the Middle East and Africa, announced the launch of its pioneering Zain Drone service in Kuwait, with the plan to expand its operation to other markets across the Zain […]

NBK named the ‘Best Bank in Kuwait 2018’ by Global Finance

Posted by on 15/10/2018
Filed under Business

NBK named the ‘Best Bank in Kuwait 2018’ by Global Finance

NBK named the ‘Best Bank in Kuwait 2018’ by Global Finance

Award based on input from industry analysts, corporate executives KUWAIT: National Bank of Kuwait (NBK) has been named the Best Bank in Kuwait 2018 by the international financial publication Global Finance. NBK was chosen the Best Bank in Kuwait based on input from industry analysts, corporate executives and banking consultants. Criteria for choosing the winners […]

Zain uses its technological capabilities to achieve New Kuwait vision at GITEX

Posted by on 14/10/2018
Filed under Business, Kuwait, Other News

Zain uses its technological capabilities to achieve New Kuwait vision at GITEX

Zain uses its technological capabilities to achieve New Kuwait vision at GITEX

Bader Al-Kharafi welcomes Sheikh Hamdan bin Rashid at company’s booth KUWAIT: Zain Kuwait inaugurated its dedicated booth at the Gulf Information Technology Exhibition (GITEX Technology Week 2018). The international event is hosted in Dubai until Oct 18, where technology leaders and pioneers gather under one roof for five days to showcase the latest tech applications […]

Saudi stocks fall amid investor concerns

Posted by on 14/10/2018
Filed under Business, Top Stories

Saudi stocks fall amid investor concerns

Saudi stocks fall amid investor concerns

Boursa Kuwait drops 1.9%, Gulf markets edge lower DUBAI: Saudi Arabia’s shares plunged as much as 7 percent yesterday as investors worried about deteriorating relations with the international community after the disappearance of Saudi journalist Jamal Khashoggi. The Tadawul All-Shares Index (TASI) quickly lost more than 500 points on the first trading day of the […]

Alghanim Industries committed to UN Sustainable Development Goals

Posted by on 13/10/2018
Filed under Business

Alghanim Industries committed to UN Sustainable Development Goals

Alghanim Industries committed to UN Sustainable Development Goals

‘Achieve gender equality and empower all women and girls’ KUWAIT: Alghanim Industries, one of the largest privately owned companies in the region, recently restated its commitment to the United Nations Sustainable Development Goal 5, to “achieve gender equality and empower all women and girls,” as the CEO of Alghanim Industries Omar K Alghanim signed a […]

Boubyan Bank reports net profit of KD 40.3 million for 9M 2018

Posted by on 13/10/2018
Filed under Business

Boubyan Bank reports net profit of KD 40.3 million for 9M 2018

Boubyan Bank reports net profit of KD 40.3 million for 9M 2018

Al-Majed: Bank achieved targets by acquiring market shares at various sectors KUWAIT: Boubyan Bank announced net profits of KD 40.3 million for 9M 2018, at a growth rate of 18 percent over the comparable period of last year, with an earnings per share of 15.83 fils compared to 13.21 fils for the same period of […]

Confidence, jobs growth propel Kuwait’s consumer spending

Posted by on 13/10/2018
Filed under Business

Confidence, jobs growth propel Kuwait’s consumer spending

Confidence, jobs growth propel Kuwait’s consumer spending

Wage growth softens, household borrowing eases KUWAIT: Consumer spending growth remains healthy, supported by high levels of confidence, a decent pick-up in employment, and an improving economic backdrop helped by higher oil prices. However, some downside pressures remain: wage growth is soft, household borrowing growth is easing, and the number of expatriate dependents is declining. […]

Burgan Bank Group successfully completes its rights issue

Posted by on 13/10/2018
Filed under Business

Burgan Bank Group successfully completes its rights issue

Burgan Bank Group successfully completes its rights issue

Rights issue oversubscribed with healthy shareholder participation KUWAIT: Burgan Bank, Kuwait’s second largest conventional bank by assets, announced successful completion of its Rights Issue, whereby the bank raised KD 62.55 million of equity by issuing 240.58 million shares. The Rights Issue was oversubscribed with healthy participation from its existing shareholders, underscoring the strength of the […]

KFH ‘Safest Islamic Bank in GCC 2018’: Global Finance Magazine

Posted by on 13/10/2018
Filed under Business

KFH ‘Safest Islamic Bank in GCC 2018’: Global Finance Magazine

KFH ‘Safest Islamic Bank in GCC 2018’: Global Finance Magazine

KFH- Group CEO receives three prestigious awards at IMF, WBG meetings KUWAIT: Kuwait Finance House Group (KFH) won three prestigious awards from Global Finance Magazine which are: the Safest Islamic Bank in the GCC -2018 for KFH, the “Best Islamic Bank in Turkey” for KFH-Turkey, and the “Best Islamic Bank” in Europe for KT Bank […]

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