The law firm of Clifford Chance will be advising the Kuwait National Petroleum Company (KNPC) on its Clean Fuels Project (CFP), the first time that KNPC has looked to access debt markets.The CFP is intended to upgrade Kuwait’s refineries at Mina Abdulla and Mina Al-Ahmadi. The CFP will see the two refineries transformed into an assimilated commercial refining complex. Read More »

First Bahrain Real Estate Development Company has announced its intention to participate in the Gulf Property Show by debuting El Mercado Janabiya, its neighborhood retail center. Read More »

Oberthur Technologies (OT), a leading French digital security company, recently was selected by Kuwait’s Boubyan Bank to offer its first contactless payment cards. OT’s contactless payment system is a non-cash payment transaction that does not require a physical connection between the consumer payment device and the physical point-of-sale (POS) terminal.. Read More »

Kuwait's top-performing service providers for 2015 were recently announced by Service Hero. Service Hero is the only completely consumer-powered customer satisfaction index in the Arab world. Read More »

Ericsson and Ooredoo Kuwait made a joint announcement earlier this week concerning the collaborative effort between the two, which hopes to bring M2M and loT to Kuwait. Read More »

EQUATE Petrochemical Company, the first international joint-venture petrochemical company in Kuwait, sponsored the recent 3rd Research & Innovation Summit 2016 in Dubai. The Gulf Petrochemicals & Chemical Association (GPCA) organized the summit, which aims to encourage excellence, specifically in the fields of research and development. Read More »

Movenpick Hotel Kuwait recently named Rushdi Ashkar, a Jordanian national with more than two decades of international experience in the hospitality industry, to be its new general manager. Ashkar brings an abundance of knowledge about the hospitality sector, specifically in hotel management, as he has held numerous leadership positions in different chain hotels around the GCC. Read More »

Royale Hayat Hospital was honored during the Service Hero Awards with the Best Hospital Award in Kuwait for the sixth consecutive year. Read More »

Telecommunications operator Zain Group, based in Kuwait, is participating in the 2016 EFG Sailing Arabia - The Tour (SATT), which kicked off in Dubai on Monday. “The remarkable third-place finish by the Zain sailing team in 2015 has spurred us on to seek further success in this year’s race," Zain Group CEO Scott Gegenheimer said. SATT is the leading offshore race in the Gulf region. Read More »

The recent sale of Jordan Kuwait Bank by Burgan Bank Group (BBG) has created more capital for the company and offered opportunity to expand in the coming years. Read More »

Kuwait-based Boubyan Bank said it will soon provide contactless payment cards to its customers through a deal with Oberthur Technologies, a provider of embedded security software products, services and solutions for connection, authentication and payment purposes. The contactless payment cards will give bank customers a secure, quicker and more convenient shopping experience. Read More »

Executives from Zain Group recently hosted International Telecommunications Union Secretary-General Houlin Zhao at Zain headquarters in Kuwait to discuss the development of the technology and telecommunications industries. Read More »

Zain Group released its 2016 Thought Leadership Report at the World Economic Forum in Switzerland. The report, titled "Bringing the Future Closer with Innovation: Pursuing Innovation as a Means to Overcome Challenges in the MENA Region," makes a case for innovation as a valuable tool for addressing social and economic deficits that affect the push toward sustainable development. Read More »

Ooredoo Kuwait continues the push to bring its products and services to gas stations with an agreement with Alfa Fuel Services that will provide 24-seven mobile services at two Kuwait locations. Read More »

Zain Saudi Arabia released its end-of-year financial data Thursday, posting record gross profits for 2015 of more than $1 billion, a 23 percent increase from the year before. The company also recorded a drop of 73 percent in operating loses, while net losses dropped by 23 percent. Read More »

Kuwait-based telecom innovator Zain Group said longtime administrator AbdulGhaffar Setareh will become the company's first chief risk officer. Setareh has been with the company since 1995, most recently serving for over a decade as director of the Zain Group Risk Department. Prior to Zain, Setareh spent a decade in the engineering department of the Kuwati Ministry of Communications. Read More »

Ooredoo Kuwait recently won a creativity award from the Arab Media Forum for its 2015 Ramadan television commercial. The spot used images from Kuwaiti TV from the 1970s, 1980s, and 1990s to convey a sense of modern Kuwaiti culture as a mingling of past and present influences. The Arab Media Forum was started in 2001 by the Dubai Press Club. Read More »

Kuwait Finance House was a sponsor for the fifth Construction Industry Expo, which was held last month at the Jumeirah Kuwait Hotel. The event brought together government agencies, industry experts and more than 70 participating companies, with interests in various parts of the construction trade. Read More »

Ooredoo Kuwait staff manned a booth and discussed the company's products and services as well as give away gifts at the Egyptian Embassy's open day Dec. 25 at the Al Surrah Sports Arena. Other activities included dancers performing traditional skirt and pony dances as well as music, games, contests and football games pitting professional players against members of the Kuwait mission. Read More »

Kuwait Projects Company (KIPCO) said last week it purchased a 51 percent share of Jordan Kuwait Bank (JKB) from its subsidiary Burgan Bank. The move is an effort by KIPCO as a parent company to both lighten and bolster the Burgan's balance sheet. "This transaction is a testament to the support that KIPCO provides to its core operations," KIPCO Vice Chairman Faisal Al Ayyar said. Read More »