Qatar Insurance Group officials spread joy at elderly care center and hospital

Qatar Insurance Group (QIC) said a group of its senior officials recently visited the elderly at Ihsan - Centre of Empowerment and Care Elderly and Al Rumailah Hospital. "We were delighted to organize a visit to the elderly to acknowledge them for their unique contribution to the society at large,” Ali Al Fadala, senior deputy group president and CEO of QIC Group, said. Read More »

Kuwait airport travel up 7%, but what about discrimination controversy?

Air travel to and from the small Gulf Coast country of Kuwait seems to be growing - but with the recent abandonment of London-JFK routes by the country's leading airline, Kuwait Airways, that growth is not likely to be coming from the West. Recently released statistics show that the passenger volume through Kuwait International Airport is up 7 percent from 2015 as of May. Read More »

MIT Enterprise Forum Pan Arab launches contest to find solutions for refugee crisis

The MIT Enterprise Forum Pan Arab (MITEF Pan Arab), in a partnership that includes Kuwait based Zain Group, launched the Innovate for Refugees competition for solutions to problems facing refugees. The partnership also includes MBC Hope, the corporate social responsibility arm of Dubai's Middle East Broadcasting Center, and the United Nations High Commissioner For Refugees. Read More »

Kuwait's Gulf Bank upgrades with digital biometric platform

Facial and fingerprint identification has made a quantum leap in Kuwait’s financial sector with Gulf Bank becoming the region’s first to embrace biometric authentication using Daon’s IdentityX platform, a high-security verification solution for retail customers.Gulf Bank upgraded its digital security system to provide Kuwaiti customers with Daon’s mobile biometric authentication system. Read More »

YIACO awards five-year logistics contract Agility

Logistics provider Agility will offer specialized services for companies within the private and public sectors after winning a five year contract with Kuwait-based YIACO Medical Company, a medical and pharmaceutical supplier that works with a number of different health care sector entities. The contract calls for Agility to store medicines and medical equipment from YIACO. Read More »

Kuwait's Boubyan Bank issues first public sukuk

Kuwait's Boubyan Bank issued $250 million Perpetual Tier 1 Capital Certificates completed May 16, the first public sukuk from a Kuwaiti bank, the first public sukuk out of Kuwait since 2007 and the world’s first public fully Basel III-compliant Tier 1 sukuk. “We are delighted to have been part of this truly remarkable transaction,” Alex Roussos, Dentons capital markets partner, said. Read More »

Kuwait hospital expansion project to use Aconex management platform

Kuwait-based global construction firm Sayed Hamid Behbehani & Sons Co. (SHBC) recently enlisted the help of Aconex to manage data associated with the Al Farwaniya Hospital expansion project in Kuwait City. Aconex will offer SHBC its easy-to-use cloud and mobile collaboration platform to enable all project team members to have access to up-to-date project information at any time. Read More »

Kuwait Economic Society sponsors economic diversification forum

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 »

Kuwait-based Zain teams with to offer digital customer rewards

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

KQIC Insured expands online service with KNET payment option

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 »

Al Ruwayeh & Partners represents Kuwaiti financial groups in clean fuels project

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 »