Qatar's Nakilat implements SAP cloud IT framework

Nakilat, the shipping arm of Qatar’s national liquefied natural gas (LNG) sector, has recently given its IT systems a major overhaul that consolidates the company’s networks into an efficient SAP cloud system. Nakilat worked with Japanese IT giant Fujitsu to integrate the German-designed SAP HANA cloud system to provide one cloud network capable of scaling with Nakilat’s needs. Read More »

KIPCO buys controlling stake in Jordan Kuwait Bank

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 »