The Kuwait Economic Society presented updates on the emirate’s developing role in the global economy with industry speakers and several roundtables at its recent eighth Scientific Forum in Kuwait City. Kuwait Economic Society Chairman Faisal Al-Bader detailed the significance of the forum and its potential role in diagnosing the glitches of economic imbalancein the emirate. Read More »

Zain Group announced plans to expand to a digital partnership with online hotel reservation booking service Booking.com, to offer rewards to it customers and take its services to a higher level. Each existing Zain customer who arranges a hotel stay via booking.zain.com will accrue data or voice messaging credits to their account, depending on their country of residence. Read More »

The Central Bank of Bahrain (CBB) has a revised regulation on the enforceability of netting agreements on the books. The bank issued Regulation No. 44 of 2014 regarding closeout netting under market contracts with the overall goals of reinforcing and clarifying the legal foundation for enforcing netting agreements in the kingdom. Read More »

Kuwait’s Global Investment House recently acquired two properties in the United Kingdom following a targeted real estate marketing search, continuing a trend of successful off-market business operations intended to build its growing global clientele. Read More »

Kuwait-based Diyar United Company, a privately owned company in the Merqab Area providing high-quality technology solutions to the oil and gas industry, government, security and other sectors, has devised a cash-free payment system at fuel stations. Read More »

KQIC Insured, the premier insurer in Kuwait, recently launched a new electronic payment service and online service that allows customers to log onto the website, select the desired coverage and pay through KNET. “As part of our ongoing improvements and adaptations to our customers’ expectations and market demands, we are pleased to introduce the option of paying for personal insurances online via KNET,” KQIC CEO Hassan Al-Jaidah said. Read More »

Kuwait's most prominent corporate law firm, Al Ruwayeh & Partners (ASAR), represented Kuwait Finance House, National Bank of Kuwait and other Kuwaiti financial groups in connection with financing the Kuwait National Petroleum Company's (KNPC) clean fuels project. The project calls for the improvement of Mina Abdulla and Mina Al Ahmadi refineries. Read More »

National Bank of Kuwait (NBK) CEO Salah Al Fulaij said the Kuwait National Petroleum Company's Clean Fuels Project is a boost for the local economy and elevates Kuwait's global standing. Al Fulaij said that NBK’s noteworthy reputation, professionalism and credibility are confirmed through the company’s involvement with the project during a signing ceremony for project financing. Read More »

Boursa Kuwait Securities Company (BKSC) said Monday it has taken over leadership of the Kuwait Stock Exchange’s daily functions in Kuwait City in accordance with strategic planning for the long-term health of the market developed by the Capital Markets Authority (CMA). The transition in leadership is expected to end Sept. 30 as Boursa Kuwait obtains proper licensing. Read More »

Kuwait-based Warba Bank participated in the American University of the Middle East (AUM) career fair to help educate youth about Islamic banking. During the fair, bank representatives provided students with information about the Islamic work field and about Warba. The bank is eager to support youth capabilities and pave the way for graduates to join its workforce. Read More »

The Kuwait Official Portal (KGO) now offers more than 280 eServices and 850 content services after a revamp from Diyar United Co. Noted as a Kuwait-headquartered ICT specialist, Diyar United created and has maintained the Kuwait Government Online Portal since 2008. The portal allows citizens, business leaders, visitors and government agencies to electronically access many government services. Read More »

EQUATE Petrochemical Company, which sponsored Kuwait Oil & Gas Summit 2016, said further development in connection with other regions is needed to take advantage of the Middle East’s 40 percent share of global gas reserves. The summit boasts participation from Kuwait Petroleum Corporation as well as other international oil, gas, petrochemical, scientific and academic entities. Read More »

An agreement between Kuwait and the Italian government allows the former to gain 28 Eurofighter Typhoons, 22 single-seat and six twin-seat aircrafts, each of which will feature the E-Scan radar and will be of Tranche 3 standard. Read More »

Moody’s Investors Service recently stated that the National Bank of Kuwait has improved the strength of its capital base and supported additional business growth, maintaining its position as an important financier for several projects in the area. Read More »

Commercial Bank of Kuwait has partnered with Agoda.com, in cooperation with Visa International, to offer direct discounts on hotel stays. Read More »

Alghanim Auto, a business of the Alghanim Industries, was named a Ford importer-dealer in Kuwait. "We are proud to be selected as a new importer-dealer for Ford in Kuwait," Alghanim Industries CEO Omar Alghanim said. Kuwait customers of the American-based automaker can purchase cars and access vehicle services from Alghanim Auto's new Ford Service Center in Shuwaikh. Read More »

Alghamin Auto, a business of the Alghanim Industries, was recently named a Ford importer-dealer in Kuwait. Read More »

In a major telecommunications industry move, Ooredoo Kuwait (National Mobile Telecommunications Co. KSC) has agreed to buy 99 percent of internet service provider FASTtelco 's shares for approximately $36.4 million, pending regulatory and governmental approval. The transaction will allow Ooredoo and FASTtelco to offer a variety of mobile services and fixed broadband services. Read More »

Ooredoo Kuwait, part of the international Ooredoo Group, recently signed a memorandum of understanding (MOU) with Kuwait Clearing Company (KCC) to help Ooredoo transfer 2015 cash dividends to its shareholders. The agreement enables Ooredoo Kuwait to have an easier banking transfer and allow shareholders to receive their dividends through the KCC website. Read More »

Warba Bank, providing Sharia-compliant banking and investment services in Kuwait and beyond, has launched its new user-friendly website designed to enhance the customer experience. Read More »