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 »

Zain Group participating in Sailing Arabia - The Tour

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 »

Kuwait's Boubyan Bank to offer contactless payment cards

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 »

Zain releases 2016 Thought Leadership Report

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 »