National Bank of Kuwait applauds Clean Fuels Project

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 takes over management of Kuwait Stock Exchange

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 »

Warba Bank participates in American University of the Middle East career fair

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 »

KGO expands eServices with relaunch by Diyar United Co.

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 looks to maximize Middle East's 40% share of gas reserves

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 »

Alghanim Auto chosen as importer-dealer in Kuwait for Ford

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 »

Ooredoo Kuwait to purchase majority stake of FASTtelco

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 turns to Kuwait Clearing to aid dividend transfer to shareholders

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 »

Clifford Chance advising Kuwait National Petroleum on Clean Fuels Project

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 »

Boubyan Bank picks Oberthur Technologies to provide the first contactless payment cards in Kuwait

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 »

Movenpick Hotel Kuwait names new general manager

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 »