Kuwait, Switzerland agree to strengthen development cooperation

Sheikh Sabah Khaled Al-Hamad Al-Sabah, first deputy prime minister and minister of foreign affairs of Kuwait, and Swiss Federal Councillor Didier Burkhalter agreed to work more closely on development cooperation during recent foreign policy consultations in Bern. They also talked about the Gulf region’s stability and how conflicts must be resolved through dialogue and negotiations. Read More »

Hill International to manage two hospital construction projects in Kuwait

Hill International has been awarded a contract from Health Assurance Hospitals Company (Dhaman) to provide project and construction management services for two new hospitals being built in Kuwait. The three year contract is worth approximately $13.1 million.Each hospital, to be built in Al Ahmadi and Al Jahra,  will have 300 beds, staff accommodation buildings and parking facilities. Read More »

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 »