Doha, Qatar – 9 December 2023 – Dukhan Bank announced the names of the most recent round of draw winners for Thara’a, its Shariah compliant savings account, at the Bank’s headquarters.  As the draw results showed, the bank clients Nasser Al-Hajri and Mohammed Al-Mannai each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Abdellatif Azzaoui, Latifa Al-Bahr, Mohammed Al-Abdulla, Faisal Al-Sada, Saad Al-Marri, Sayed Abdelaziz, Rey Balita, Maha Abuhujleh, Shaikh Munawaruddin, Aljawhara Al-Ali, Rana Alturani, Layla Aljaber, Maryam Al-Moslemani, Bashir Tambe, Mohammed Al-Malki, Medel Tan, Musab Ahmed, Omar Al-Hammadi, Siddique Mohammed, Noor Mohamed, Adeeba Al-Sulaiti, Noora Alabdulmalik, Rashid Al-Maslamani, Amira Braham, Muna Meghary, Mohamed Bayoumy, ......read more

Kuwait, 9 December 2023: After three exciting days, Kuwait International Bank (KIB) concluded its PayTally Show, which took place at The Arena Kuwait – 360 Mall. Bringing together all its PayTally program commercial and service partners under one roof, the special exhibition offered tailored financing offers to both customers and non-customers, assisting them in accessing products and services that meet their needs in a more modern and convenient manner. This initiative aligns with KIB’s comprehensive corporate social responsibility strategy, embodying its goals of elevating customers’ banking experience, especially in the realm of financing, to be more comprehensive and integrated.  Commenting on the occasion, Musaab Al-Shaalan, Deputy General Manager of the Retail Banking Department at KIB, said: “We ......read more

Kuwait, 9 December 2023:  Burgan Bank announced today the names of the Kanz account monthly draw winners, who will each take home a KD 2,000 cash-prize. All Kanz customers who maintain a minimum balance of KD 200 for at least one week before the draw date, are included in the draw, and their chances of winning increase with higher deposits.    The 20 lucky winners are:  • WALEED ARIF ARIF • REDA ELSAYED BAHGAT • MOHAMMED AKARAM MOHAMMED • RALPH GHASAN ZEIN • WALEED SALEH ALALI • NASER MOHAMMAD ALZOABI • CATHERINE DE GUZMAN PINE • EMAN MOHAMMAD HUSSAIN • SUAD RAMADHAN ALI • ABDULLAH FAWAZ ALABDULLAH • ADEL SAAD ALSALAHAT • DONG SUK SEO • ZAINAB NASER KAMAL • ADEL ALI ALHAZEEM • GHADA ATIEH ......read more

Booth Club ME is the regional extension of the European photobooth company, Megabooth, well known for its work with some of the top brands across the globe     The new launch of Booth Club ME means that corporate events, weddings, anniversaries, celebrations, and so much more are about to hit another level of excitement    Dubai, UAE (November 2023): The spotlight is now on the UAE as Booth Club ME, the much-anticipated regional extension of the iconic European photobooth innovator Megabooth, announces its grand launch in the heart of the United Arab Emirates. Founded by Lee Hoppen, the visionary mind behind Megabooth, Booth Club ME aims to revolutionise events across the region with its unparalleled and quirky photo experiences. Born in England by a ragtag group of creative minds, Megabooth is already well ......read more

Dubai, UAE; December 06, 2023: In a significant step towards empowering local talent, LM Exchange, one of the leading money transfer and currency exchange companies in the UAE, in collaboration with India's renowned Federal Bank, has successfully concluded a specialized training programme for its Emirati workforce. The inaugural initiative saw five Emirati employees complete an intensive week-long course at the Federal Bank's Training Academy in Aluva, India. The comprehensive curriculum covered crucial topics, including Anti-Money Laundering (AML), IT, digital banking innovations, counterfeit currency detection, and customer service excellence, among others. Beyond the classroom, participants also had the opportunity to engage with Mr. Shyam Srinivasan, Managing Director and CEO, and Ms. Shalini Warrier, Executive Director of ......read more

Abu Dhabi: 07 December, 2023: Abu Dhabi Airports announced today a deal between Abu Dhabi Airport Free Zone (ADAFZ) and Abu Dhabi based Grand Move, to develop a 35,000 square metre community mall in the new Al Falah district.  The deal, sealed at the BIG5 construction event in Dubai, is structured as a Musataha agreement for a term of 29 years and carries an initial project investment of  AED 65, 300,000. The Grand Move Group is a real estate organisation that owns several retail brands and a variety of luxury brands that target GCC customer demands for fashion and lifestyle. Commenting on this new announcement, Maureen Bannerman, Chief Commercial Officer, Abu Dhabi Airports stated “We are pleased to announce this Musataha Agreement will contribute to the development of the new Al Falah district, bringing ......read more

Impact includes popular routers, open-source components used to connect critical local networks in energy, healthcare, transportation, and emergency services Forescout, a global cybersecurity leader, today released “SIERRA:21 – Living on the Edge,” an analysis of 21 newly discovered vulnerabilities within OT/IoT routers and open-source software components. The report — produced by Forescout Research – Vedere Labs, a leading global team dedicated to uncovering vulnerabilities in critical infrastructure — emphasizes the continued risk to critical infrastructure and sheds light on possible mitigations. “SIERRA:21 – Living on the Edge” features research into Sierra Wireless AirLink cellular routers and some of its open-source components, such as TinyXML and OpenNDS. Sierra ......read more

As part of its expansive social responsibility program Kuwait, 6 December 2023:  On its mission to uphold its institutional promise to remain “Driven by You”, and promote the prosperity of its communities, Burgan Bank continues to invest in its robust positive impact program. In social responsibility, just like everything else it does, the Bank seeks to lead with innovation and adopt progressive strategies to create real value for its people – especially its customers. As a Bank, Burgan understands that a major area that helps it deliver real value, and drive tangible positive change, is the area of financial literacy.  In 2023, Burgan Bank concluded the third year of its unwavering support for the “Let’s Be Aware” (Diraya) banking awareness campaign – launched in 2021 by the ......read more

• Growing participation in the program promises to greatly expand access to renewable energy in semiconductor space • Announcement coincides with COP28 climate conference   Dubai, UAE, December 6, 2023 – Schneider Electric, the leader in the digital transformation of energy management and automation, today announced that Google, ASM and HP have joined the Catalyze program, which aims to accelerate access to renewable energy across the global semiconductor value chain and IT supply landscape, as new global sponsors.   The first-of-its-kind program was first announced in July, with sponsors Intel and Applied Materials. The announcement that three more leading technology companies have now joined as founding sponsors coincides with the COP28 United Nations Climate Change Conference taking place in ......read more

Riyadh, Saudi Arabia, December 05, 2023: ToYou, a Saudi-based super app, has significantly enhanced the online shopping experience by introducing the Buy Now Pay Later (BNPL) feature. Launched in January 2023, ToYou is the first to adopt this payment solution, influencing others to follow. With its convenience and flexibility, ToYou Pay Later has transformed how customers shop and pay for purchases. To avail themselves of the ToYou Pay Later feature, customers can select the option during the checkout process on the ToYou Super app. No additional charges or fees are associated with this feature, making it an attractive choice for users. The ToYou Pay Later feature is available across all cities in Saudi Arabia, offering convenience and accessibility to customers nationwide. Introducing the BNPL feature on ToYou empowers customers ......read more

Jeddah:  BinDawood Holding Company has announced its distinguished recognition by the General Authority for Competition, receiving an Honorary Shield for being one of first companies obtaining a Compliance Certificate in the Kingdom of Saudi Arabia. The accolade was presented during the launch ceremony of the electronic compliance portal held in Riyadh under the patronage of His Excellency, Dr. Ahmed bin Abdul Karim Al-Khulaifi, Chairman of the Authority’s Board of Directors, on Tuesday, December 5th, in Riyadh.   The Compliance Certificate is one of the initiatives of the General Authority for Competition aimed at supporting the compliance of companies aligning with the Competition Law and its implementing regulations. BinDawood Holding Company received this esteemed certificate on June 4, 2023, highlighting its ......read more

Kuwait, 5 December 2023: Kuwait International Bank (KIB) announced that it has installed a new multi-currency ATM at the Kuwait International Airport, as part of efforts to continue providing a seamless, comprehensive and distinctive banking experience for its customers. This step falls in line with the Bank’s integrated strategy aimed at strengthening the ATM network using the latest technology. It also stems from KIB’s commitment to continue developing its services and products to meet all customer needs as a “Bank for Life.” Commenting on the initiative, Ahmad Abdullah Alanazi, Assistant Manager – ATMs, Retail Banking at KIB, said: “We are currently witnessing fast-moving transitions and successive developments in the banking market with every passing second. This pushes us to continuously ......read more

New customers can benefit from a 12-month comprehensive insurance for the price of just 9 months The offer is ongoing until 29 February 2024 and provides flexible payment options, including a monthly installment plan Doha, Qatar - 5 December 2023: Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, announced the launch of its exclusive end of the year car insurance promotion, allowing new motor customers to get 3 months of comprehensive car insurance for free. With this offer, every new customer who purchases a comprehensive car policy will benefit from a 12-month full insurance coverage for the price of just 9 months, which means that the customer gets 3 months of coverage for free. Ongoing until 29 February 2024, QIC’s new promotion can be availed when buying a new comprehensive policy in ......read more

Developed countries attract foreigners. It can be a business trip, a vacation, a romantic trip, or even a relocation. Yes, yes, many users are seriously thinking about obtaining a second passport for comfortable business, as well as freedom of movement. They consider countries with a comfortable climate, beautiful landscapes, and developed infrastructure for these purposes. Such countries as Spain and Dubai are considered excellent options for this purpose. Spain is considered to be a popular vacation destination. Located in Southwestern Europe, the country is admired for its majestic views and high standard of living. People with rich history, unique cultures, and traditions live here. One can join them by applying for a Spanish Golden Visa. A dynamic economy and world-class amenities are all available in the United Arab Emirates. ......read more

As part of its efforts to foster national talent across all departments, especially at the leadership level Kuwait, 5 December 2023:  Burgan Bank announced the appointment of Mr. Naqeeb Amin, as the General Manager of Human Resources and Development for the Group. Joining the Bank at an important moment of transformation, Mr. Amin will spearhead the Bank’s expansive human capital development efforts; crafting long-term strategies to attract, retain, and foster top national talent across the organization. Following a series of top-level appointments and promotions across Burgan Bank in the past few months, this latest move seeks to further strengthen the Bank’s senior leadership team with some of the industry’s best talents. Earlier this year, the Bank unveiled a new strategy and transformation roadmap, ......read more

Dubai-UAE. 4 December 2023: EnerTech Holding Company, the Kuwait-based innovator, investor and developer of end-to-end sustainability solutions, have signed an agreement with the government of Rawnda on the sidelines of COP28 to establish a fair and effective carbon framework in Rwanda, and accelerate the deployment of renewable energy. The Memorandum of Understanding (MOU) was signed by Ammar Shihab, CEO of EnerTech Ventures, Her Excellency Dr. Jeanne d'Arc Mujawamariya, Minister of Environment in Rwanda, His Excellency Vincent Biruta, Rwanda’s Minister of Foreign Affairs and International Cooperation; and Teddy Mugabo, CEO of Rwanda's Green Fund.  Under the agreement, Rwanda will provide Kuwait with two types of carbon credits. The first category comprises nature-based carbon credits, which are proprietary to ......read more

Kuwait, 2nd December 2023:  In line with the Computer Security Day, Ooredoo Kuwait, a world-class digital leader offering innovative services and platforms to facilitate the digital transformation in Kuwait, proudly assumed a significant role as a partner in the recently concluded 3rd Annual Computer Security Day at kuwait technical college (ktech). This distinguished one-day conference was dedicated to advancing discussions on cybersecurity. The event, which is held every year on November 30 at the ktech Campus, proved to be an enlightening experience for all attendees, serving as a unifying platform for both public and private entities to explore the latest developments in cybersecurity. Ooredoo Kuwait's collaboration on this initiative reflects the company's commitment to empowering the youth and its dedication to ......read more

Kuwait, 3 December 2023: Kuwait International Bank (KIB) is pleased to announce the appointment of Ma’ab Mohammed Qassem as General Manager of the International Banking and Financial Institutions Department. This appointment reinforces KIB's commitment to fostering talent and empowering women in key leadership roles within the organization. Qassem brings a wealth of expertise, a proven track record in the international banking sector, and a fresh perspective to the Bank. In her new role, she will be responsible for developing and managing the Bank’s international relationships, growing the bank’s international portfolio, in addition to promoting the Shari’a-compliant banking solutions offered to international corporate clients.  Commenting on the Bank’s newest hire, Feras Al Darmi, General ......read more

To champion inclusivity and social responsibility in Kuwait Kuwait, 2 December 2023:  As part of the Bank’s commitment to inclusivity and solid ESG practice, Burgan Bank successfully participated as a gold sponsor in the conference, “Integration of Persons with Disabilities in the Goals of Sustainable Development in the fields of Media, Health, and Entertainment,” in line with the New Kuwait 2035 vision. The conference was organized by Training Gate International (TGI) in cooperation with the General Secretariat of the Supreme Council for Planning and Development, Kuwait University, Yarmouk Health City, the Kuwait National Debate Team, and the United Nations Development Programme in Kuwait. Commenting on the Bank’s initiative, Mr. Ali Hussain Akbar, Deputy General Manager - Human Resources and ......read more

The United Arab Emirates and Dubai have become major targets for foreign investment over the past few years. Many investors are keen to get a foothold in the region’s growing startup ecosystem, which has seen many major success stories. Dubai is an attractive proposition for any entrepreneur, and the UAE government has gone to great lengths to ensure that the city can become a hub of innovation fuelled by the latest in technology.   In 2020 and 2021, Dubai alone accounted for more than 30% of all foreign direct investment (FDI) in the Middle East and North Africa (MENA) region. In addition, the city was the number one area for FDI in the Arab world in 2022. Even in the wake of the global pandemic, the UAE has proved to be a remarkably resilient and attractive market for investment. Here are some of the reasons ......read more

On the eve of COP28 and with a joint investment of over 2.5 million AED  Dubai, UAE, 1 December 2023: Tetra Pak and Union Paper Mills (UPM) have entered the next stage of their partnership, marked by the signing of a ground-breaking AED 2,500,000 recycling agreement aimed at establishing a commercially viable collection and recycling value chain for used beverage cartons (UBC) in the UAE. A memorandum of understanding was signed in November last year and has paved the way for significant progress in identifying the technical and investment needs for the recycling of UBC in the UAE. Since the signing of the MoU, Tetra Pak and UPM have engaged in extensive collaboration, including technical assessments, recycling expert visits from abroad, numerous meetings, and industrial trials with carton packages collected from local dairy ......read more

A new global coalition is coming together with a mission to raise awareness to reverse biodiversity loss and save our planet’s pollinators. To be presented for the first time at COP28 in Dubai this December, new global coalition Trillion Bees is inviting businesses, organisations and industry leaders to join its mission and ‘Bee The Change’ to help protect the world’s pollinators.  They may be small, but bees have a big impact. In fact, bees and other pollinators are the guardians of the ecosystems on which all life on earth depends. A planet filled with nature and thriving biodiversity can even help mitigate the climate crisis. Trillion Bees is a new global coalition and unified force of science-led individuals, businesses and organisations committed to promoting Bee The Change – the name of a ......read more

Kuwait, 30 November 2023: Kuwait International Bank (KIB) recently conducted the fourth draw of its ‘Surprises for Every Season’ campaign designed for its Visa cardholders. The Bank revealed the 31 winners of three different spectacular prizes designated for the October campaign period. Meshaal Abdulatif Ammash received two all-inclusive tickets for the Formula 1 Abu Dhabi Grand Prix, while another eight winners, Hussain Maad, Dheyaa Khaled Almazyad, Latifah Ayesh Hajji, Abdullah Faisal Alsultan, Mohammad Ezzat Ibrahim, Mohammad Falah Al Rasheedi, Saad Fahad Alshammari, and Mohammad Ahmad Almusallam, were awarded the new iPhone 15 Pro. In addition, 22 winners were each gifted a cash prize of KD 150. The lucky customers included Marzouq Qeaid Alotaibi, Osman Hassan Ismail, Ahmad Yousef Khader, Abdullah F M Abdullah, Ibrahim F ......read more

In a series of new initiatives, the Dubai-based PR agency moves to ensure it is making a positive impact on wider society  Katch and Blurred - a UK-based sustainability, management and communications consultancy, with deep expertise in climate and biodiversity issues - have formed a strategic partnership to help companies in the Middle East create more impact and share that impact through powerful storytelling Katch has previously worked on some exciting sustainability campaigns including with such esteemed clients as Rove Hotels, Address Hotels & Resorts, The H Dubai, W Abu Dhabi – Yas Island, and much more  Dubai, UAE (November 2023): Katch International, a PR agency that has been doing things its own unique way since its creation in 2011, is proud to announce the launch of its new department focused on ......read more

Doha, Qatar - 30, November 2023: In collaboration with the Ministry of Commerce and Industry, Al Meera is delighted to announce the launch of the 'National Product Week' initiative, under the slogan 'Together, We Support the National Product. 'This initiative will run from November 29 to December 6, 2023, showcasing Al Meera's commitment to supporting national products. Additionally, Al Meera will continue its support through the National Day campaign under the slogan 'I Love Qatar.' The campaign offers Meera Rewards members exciting prizes when shopping at any Al Meera branch nationwide or through Al Meera Online (almeera.online) until January 3, 2024. With the aim of continuing to support national products and local farms, the initiative was officially launched at Rawdat Al Hamama branch, in the ......read more

The summit showcased diverse perspectives of key thought leaders, innovators, and young changemakers on AI in education Doha, Qatar – 29 November 2023: The world is at a tipping point for human evolution because machines are about to profoundly change the way we live, the way we work, and even experience what it means to be human, said Nina Schick, one of the first Generative AI experts and Founder of Tamang Ventures Limited, at WISE 11, the 11th edition of Qatar Foundation’s WISE Summit, that concluded today. Referring to the exponential rate at which the capabilities of AI systems are advancing, Shick emphasized, “In this new age of intelligence – a revolution – the default is going to be a symbiotic relationship with machine and human working together.” In the masterclass ......read more

Cooperation adds the UAE and GCC region to the company’s global footprint ABU DHABI, November 29, 2023 – As the world focuses on climate change in the coming weeks, Wisdom Motor, a technology company that designs and develops zero-emission commercial vehicles, today announced a cooperation with the Integrated Transport Centre (ITC) of the Department of Municipalities and Transport (DMT) in Abu Dhabi, to provide new green mobility solutions to the Emirate through its distributor EGME (part of the Al Fahim Group).  Under this significant cooperation, Wisdom Motor joins other international brands to support ITC’s Green Bus Assessment Programme contributing towards the region’s proactive efforts to embrace sustainability.  Mr. Cliff Zhang, Chairman of the board of directors of Wisdom Motor and ......read more

Ahmed bin Saeed: Dubai Free zones are an essential enabler of Emirati talents, a driver for Dubai’s growth, and a booster of its economy. Dubai, UAE: 29 November 2023 -  His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Free Zones (DFZ) Council, recently chaired the Council’s 25th meeting, during which he highlighted the importance of Dubai’s free zones as an enabler of Emirati talents, a driver of Dubai’s diversification and agility, and a catalyst of its economic agenda. His Highness Sheikh Ahmed said: “The Dubai Economic Agenda (D33) mandates creating new economic opportunities and activating the role of Emirati talent. It is a strategic goal through which the Dubai free zones contribute to supporting economic diversification, attracting direct investment and international ......read more

High-stakes financial services and healthcare sectors the top targeted industries   Dubai, UAE – November 29, 2023 – BlackBerry Limited (NYSE: BB; TSX: BB) today released its latest Quarterly Global Threat Intelligence Report, revealing a 70 percent increase in new malware encountered by BlackBerry’s AI-powered cybersecurity solutions. At 26 cyberattacks per minute, this highlights a diversification of tools and attacks by threat actors and as they target high-stakes or financially lucrative industries.    “Malicious actors are working harder than ever to expand their range and volume of cyberattacks,” said Ismael Valenzuela, Vice President of Threat Research and Intelligence, BlackBerry. “The intensifying number of novel attacks targeting nations and industries demonstrates ......read more

Dubai – November 28th 2023: UAE-based investment banking advisory firm, Alpen Capital, projects the food consumption in the region to grow at a CAGR of 2.8% to reach 56.2 million MT by 2027 in its latest GCC Food Industry report. The vegetables food category is expected to surpass the growth rates of the meat and cereals categories in the coming years.    Released on Tuesday, November 28th, the report provides a comprehensive overview of the GCC food sector and outlines the sector’s recent trends, growth drivers and challenges. It also profiles some of the renowned food companies in the region.   The report was launched over a webinar followed by a panel discussion featuring Sanjay Bhatia, Managing Director, Alpen Capital; Garrett Walsh, Chief Executive Officer, Mezzan Holding Co. and Nasser Talib ......read more

Kuwait, 27 November 2023: Kuwait International Bank (KIB) held a press conference to announce the upcoming PayTally Show, which will be held at The Arena Kuwait – 360 Mall from December 7 to December 9, 2023. This special event will bring together all of the Bank's partners under the umbrella of the PayTally program, including commercial and service institutions. The exhibition aims to assist both KIB customers and non-customers in obtaining consumer products and services that they desire, by showcasing the strongest financing deals the Bank has to offer. This initiative is in line with KIB's ongoing commitment to providing the best banking experience for its customers.  Commenting on the event, Othman Tawfeqe, Retail Banking Department General Manager at KIB, said: “At KIB, we always strive to achieve ......read more

Kuwait City, November 26th, 2023: In an ambitious stride towards sustainability and the enhancement of the community, Ooredoo Kuwait, the pioneering telecommunications provider, reinforces its standing in the tech and telecom landscape.  The company proudly developed its groundbreaking Smart poles as part of smart City solution at the iconic Souq Al-Mubarakiya, a central hub in Kuwait City.  This forward-thinking initiative not only promises to redefine the visitor experience but also aims to create a greener and more sustainable urban environment. With the implementation of this cutting-edge Smart City solution, visitors to Mubarakiya can now enjoy seamless high-speed Wi-Fi connectivity throughout the area, enabling them to stay connected with their loved ones and access vital information with utmost ease.  Beyond ......read more

Doha, Qatar, 27 November 2023: Strategy& Middle East, a member of the PwC network, has expanded its senior presence in Qatar as part of its plans to support the nation’s flourishing business community and contribute to the Qatar National Vision 2030.  Strategy& Middle East aims to support a growing portfolio of work in the country, with plans to further expand its operational capabilities and invest in attracting and developing exceptional talent in Qatar over the coming years.    The firm first established its Doha office in 2010. It has been actively engaged in delivering a variety of strategy consulting and advisory services in Qatar, catering to both public and private sector clients. Drawing on its deep expertise, the firm closely collaborates with organizations across numerous industries. These ......read more

The two-day competition brought together seven teams from universities across the UAE to champion environmental, social and governance challenges UAE graduates who established entrepreneurial projects have increased by 54 per cent over the past three years according to the UAE Ministry of Economy Dubai, 27 November 2023: The Pearl Initiative, a business-led non-profit organisation focused on promoting corporate accountability in the Gulf Region, has partnered with the Abu Dhabi Music & Arts Foundation (ADMAF) to host the 'Youth Impact Lab', a two-day competition with the aim of empowering UAE’s youth to seek solutions to pressing ESG (environmental, social, and governance) issues.  The Youth Impact Lab brought together seven teams from prominent universities across the UAE to build innovative solutions to ......read more

Lucky numbers were 19,21,24,29,36 Draws awarded AED 300,000 to three raffle draw winners.  26 November 2023, Dubai, UAE: On the heels of the latest win of AED 20,000,000 by a single participant from the UAE, Mahzooz Saturday Millions, the UAE’s leading weekly draw with the biggest and most frequent pay-outs, stood true to its promise of maximizing winnability at the 156th draws and awarded 119,408 winners a total prize of AED 1,775,295. While the top prize of AED 20,000,000 went unclaimed this week, 119,408 winners scored victory as follows: 2nd prize: 23 winners matched 4 of 5 numbers and shared the second prize of AED 150,000, earning AED 6,521 each.  3rd prize: 1,275 winners matched 3 out of 5 numbers and shared the second prize of AED 150,000, earning AED 117 each.  4th prize: 19,492 ......read more

Abu Dhabi, UAE, 25 November 2023: The Formula 1 2023 season was a milestone year for the sport as new records were created and records were broken, as drivers crossed the penultimate chequered flag at Las Vegas before gearing up for this weekend’s FORMULA 1 ETIHAD AIRWAYS ABU DHABI GRAND PRIX.   From groundbreaking races to drivers rewriting the sport's 75-year history, here are some key highlights from what has been a promising and historic season.   Max Verstappen’s Domination: It’s no secret that Max Verstappen has had another great season as he makes his way down to Abu Dhabi to be officially crowned as the 2023 champion, bringing with him his mountain of accolades. Not only does the 26-year-old driver have the most consecutive race wins in a season but has also clinched the title for the most ......read more

Kuwait, 25 November 2023: The 2023 Islamic Finance Awards, presented by World Finance, has bestowed Raed Jawad Bukhamseen, Vice Chairman and CEO of Kuwait International Bank (KIB), with the esteemed “Kuwaiti Visionary CEO - Development & Growth Driver” award for yet another year. The recognition comes as a testament to Bukhamseen's remarkable leadership and unwavering commitment to driving KIB's development and growth. Distinguishably among the honorees this year came Bukhamseen, chosen for his visionary guidance, under which KIB has established a clear strategy and vision for the future, demonstrating outstanding corporate communication and management across all sectors. According to World Finance, Bukhamseen's exceptional leadership has driven year-on-year growth and outstanding financial performance for ......read more

Kuwait, 23 November 2023: Kuwait International Bank (KIB) announced a strategic partnership agreement with Marafi Villas, the number one Italian kitchen company manufacturer and high quality home solutions supplier. With flexible and exclusive financing deals, the new collaboration will be a significant step forward in making home improvement more financially accessible, fitting the needs of customers’ lifestyles. Commenting on the agreement, Abdulaziz Al-Shammari, Head of the Central Sales Unit - Retail at KIB, said: “We are thrilled to announce a strategic partnership with Marafi Villas, a prominent player in the home solutions industry. This partnership will provide all our customers with a unique opportunity to access both top-notch kitchen solutions and the financial support they need to help them turn their kitchen ......read more

The Bank Strives to Increase Emirati Representation Beyond Mandatory Operational Requirements as Operations Expand Ziad Khalaf:  Emiratization is not merely a compliance measure for IDB, it is the bank’s way of contributing to the sustainable economic growth and empowerment of the UAE's workforce Dubai, United Arab Emirates – Thursday 23 November 2023: The International Development Bank (IDB), the first Iraqi private bank operating in the United Arab Emirates, announces its commitment to Emiratization as it successfully achieved the goal of hiring 30% Emiratis within less than a year of commencing operations in the UAE. Furthermore, the bank affirms its willingness to increase the percentage of Emirati employees as its operations expand, surpassing the mandatory operational requirements.  In addition ......read more

Reaching its impressive funding milestone in July, the Group has now positioned itself as one of the region’s most ambitious logistics tech companies, with a key focus on automation and robotics Kuwait, 22nd November 2023: Raha, Kuwait’s fast-growing logistics tech company, recently announced the successful completion of its pre-Series A funding round. Led by Soor Capital and PIF-backed Private Equity Fund, eWTP Arabia Capital, this latest investment brings up the total raised by the ambitious tech start-up to USD 14 million. Raha’s initial round of seed funding had raised an impressive capital of USD 6.7 million, led by KSA’s Aujan Enterprises and Kuwait’s Nox Management, as well as London-headquartered VC, Cedar Mundi Ventures. Since launching in 2022, Raha – – has quickly grown to ......read more