KuwaitPR.com, Online Press Release from Dubai and Middle East
Featured in Business and Economy

KIB launches Visa+ to enable receiving international transfers via mobile number

KIB launches Visa+ to enable receiving international transfers via mobile numberKuwait, 11 May 2026: Kuwait International Bank (KIB), in collaboration with Visa, announced the launch of Visa+, a new service that enables customers to receive international transfers seamlessly using only their mobile number, without the need to share complex banking details. This service, the first of its kind in Kuwait’s banking sector, allows KIB customers to link their registered mobile number to the card of their choice through the KIB Mobile application, making it easier and more secure to receive funds from abroad. Launched for retail customers, the service responds to growing demand for fast, convenient, and secure financial solutions. By integrating Visa+ into its digital ecosystem, KIB simplifies the process of receiving cross-border transfers, eliminating traditional barriers associated with lengthy banking ......read full article

KIB sponsors Kuwait's participation in 4th GCC Games Doha 2026

KIB sponsors Kuwait's participation in 4th GCC Games Doha 2026Kuwait, 10 May 2026: Kuwait International Bank (KIB) has announced a strategic partnership with the Kuwait Olympic Committee to sponsor the State of Kuwait’s participation in the 4th GCC Games in Doha, Qatar, scheduled to take place from May 11 to 22, 2026. This initiative reflects the Bank’s commitment to supporting the sports sector and strengthening Kuwait’s presence at regional events. This partnership falls within KIB’s vision to invest in national talent, particularly youth, by empowering them to represent the State of Kuwait on prominent competitive platforms. It aims to support their development and refine their skills within a professional environment aligned with modern sporting standards. Through this sponsorship, the Bank affirms that its support for national sports is part of its corporate ......read full article

KIB appoints Abdulrahman Alsaddah as General Manager of Risk Management

KIB appoints Abdulrahman Alsaddah as General Manager of Risk ManagementKuwait, 6 May 2026: Kuwait International Bank (KIB) announced the appointment of Abdulrahman Alsaddah as General Manager of Risk Management, in a move that reflects the Bank’s ongoing commitment to enhancing its capabilities and supporting national talent to assume leadership positions. Alsaddah brings over 23 years of experience in the banking sector, including around 15 years in corporate banking, equipping him with strong expertise in risk management and business development. Prior to joining KIB, Alsaddah served as Chief Risk Officer at Gulf Bank since January 2025, after holding the role in an acting capacity for two years. He began his career at the bank in 2003 at the Customer Service Center, before moving to the Corporate Banking Group in 2006. He was later appointed Deputy General Manager of Risk Management in 2020, ......read full article

Ooredoo Kuwait Marks Labour Day by Putting People First & Empowering Talent

Ooredoo Kuwait Marks Labour Day by Putting People First & Empowering Talent Omar Al-Bassam: Investing in human capital is the foundation of excellence and leadership Eisa Al-Beshaier: We remain committed to developing national talent to shape the future of telecommunications in Kuwait Kuwait -6th May 2026- As the world celebrates Labour Day, Ooredoo Kuwait, the leading telecom and technology provider, is highlighting a workplace culture that places employees at the centre of its priorities, reaffirming its belief that true investment begins with people, national talent, and the human potential capable of driving progress. During the exceptional circumstances recently witnessed across the region, Ooredoo Kuwait’s teams at headquarters, branches, and service centres continued to perform at a high level, ensuring uninterrupted services and meeting customer needs. Their efforts reflected a strong ......read full article

Burgan Bank's Flagship Kanz Returns, Crowning more than 250 Winners and Its Fourth Millionaire

Burgan Bank's Flagship Kanz Returns, Crowning more than 250 Winners and Its Fourth Millionaire Postponed draws from March 2025 to April 2026 completed over five days Monthly, semi-annual, and annual winners announced and the 2026 Kanz draw schedule introduced Burgan Bank reaffirmed its commitment to transparency and customer trust, confirming all draws are conducted after regulatory approval & under supervision of auditors Kuwait, 26 April 2026  Burgan Bank has concluded the resumption draws for its flagship Kanz account, crowning more than 250 winners – including Kanz’s fourth millionaire – across postponed draws covering the period from March 2025 to April 2026. Conducted over five consecutive days from 19 to 23 April 2026, the draws mark the full return of Kanz and to Burgan making dreams come true. They also reaffirm the Bank’s commitment to transparency and customer ......read full article

Ooredoo Kuwait Group reported strong 11% growth in revenue to reach KWD 197 million in Q1 2026

Ooredoo Kuwait Group reported strong 11% growth in revenue to reach  KWD 197 million in Q1 2026Earnings per share of 44 fils Sheikh Nasser bin Hamad bin Nasser Al Thani: Ooredoo Kuwait delivered a strong performance during the first quarter, driven by growth in service revenues and effective cost management. • The Group continues to focus on advancing its strategic priorities through selective investments. Abdulaziz Yaqoub Al-Babtain: We successfully maintained our leadership position in the Kuwaiti market during the first quarter. • We continue to work at a strong pace to enhance our digital services and strengthen our strategic partnerships. Kuwait City, Kuwait: National Mobile Telecommunications Company K.S.C.P “Ooredoo” (Ticker: OOREDOO) announced today its financial results for the quarter ended 31st March 2026:  Financial Highlights: ......read full article

KIB Group reports net profit of KD 8 million for Q1 of 2026

KIB Group reports net profit of KD 8 million for Q1 of 2026Kuwait, 25 April 2026: Sheikh Mohammed Jarrah Al-Sabah, Chairman of Kuwait International Bank (KIB), announced the Group’s financial results for the first quarter of 2026. KIB Group achieved net profit attributable to shareholders amounting to KD 8 million, which grew by 10% compared to KD 7.3 million. Earnings per share (EPS) stood at 4.61 fils, compared to 4.19 fils for the first quarter of 2025. Total operating income reached KD 24.5 million, reflecting a growth of 13% compared to the first quarter of 2025. Commenting on the latest financial results, Al-Jarrah stated: “The results for the first quarter of 2026 reflect continued positive momentum in the Bank’s performance, driven by the disciplined execution of our strategy, a focus on growing core businesses, and ongoing efforts to enhance the quality and ......read full article

KIC Study Confirms Ooredoo Kuwait as Fastest-Growing Telecom Player

KIC Study Confirms Ooredoo Kuwait as Fastest-Growing Telecom PlayerOoredoo Kuwait tops industry in profit and revenue growth over five years • Study highlights leadership in digital transformation and rising market share • Ooredoo records highest sector growth, reaffirming operational strength • Strong financial and operational outperformance between 2021 and 2025 • Ranked first in subscriber base across Kuwait’s telecom sector • Leads in profit and revenue growth over five-year period Kuwait, 20th April 2026 – Kuwait’s telecommunications sector continues to demonstrate resilience and steady growth, according to a recent study by Kuwait Investment Company (KIC) examining market performance, valuation, and operational stability across the industry. The report highlights Ooredoo Kuwait as one of the sector’s strongest performers, underlining ......read full article

Kuwait-based OJO Group's ARC Advisory strengthens regional footprint through strategic collaboration with Sarat Investments Holdings

Kuwait-based OJO Group's ARC Advisory strengthens regional footprint through strategic collaboration with Sarat Investments HoldingsKuwait City, 20 April 2025 - Kuwait-based OJO Group’s ARC Advisory has strengthened its regional footprint through a strategic collaboration with Saudi-based Sarat Investments Holdings, marking a key milestone in its expansion into the Kingdom and reinforcing its role in facilitating investment activity across the GCC. This development comes amid growing international attention on the Gulf’s evolving investment landscape, with Reuters recently highlighting the increasing role of specialized advisory firms in accelerating capital flows into the region. Operating at the intersection of international capital and Gulf institutions, ARC Advisory, led by Chief Executive Officer, Omar Jamal Al Omar, has established itself as a strategic execution partner for ultra-high-net-worth individuals, multinational corporations, royal ......read full article

Burgan Bank Signs Strategic Partnership with KIBS and Participates in Hult Ashridge Executive Program

Burgan Bank Signs Strategic Partnership with KIBS and Participates in Hult Ashridge Executive ProgramReaffirming its commitment to human capital investment in line with Kuwait Vision 2035  Kuwait, 21 April 2026 In continued efforts to advance senior leadership excellence, Burgan Bank announced signing a strategic partnership with the Kuwait Institute of Banking Studies (KIBS), with the Bank participating in the acclaimed Hult Ashridge Executive Program. Expanding on the Bank’s existing partnership with KIBS, the two parties announced their collaboration in delivering the specialized bespoke program in a signing ceremony held at KIBS.  This comes as part of Burgan Bank’s leading human capital development strategy in line with its commitment to embedding ESG standards across its operations as well as its active contribution to achieving Kuwait Vision 2035 goals. “In line with our ongoing commitment to ......read full article

Burgan Bank's Flagship Kanz Returns

Burgan Bank's Flagship Kanz Returns With 16 draws scheduled in one week, covering postponed 2025 draws and introducing the 2026 draw calendar Expedited 2025 draws to crown 282 winners, with the 2026 schedule to be announced Kuwait, XX April 2026: Reaffirming its commitment to transparency, customer trust, and delivering on its promises, Burgan Bank has announced the return of its flagship Kanz draw account, alongside a structured schedule for the execution of all previously postponed draws. Set to take place over a dedicated five-day period from 19 to 23 April 2026, the Bank will conduct the postponed draws, covering the full backlog from March 2025 to April 2026, during which 282 winners will be crowned. The draws will include all eligible customers, ensuring no missed opportunities during the suspension period and marking the return of Kanz with an even more ......read full article

Ooredoo Kuwait launches updated digital app with faster performance and enhanced design

Ooredoo Kuwait launches updated digital app with faster performance and enhanced designKuwait – 13 April 2026 Ooredoo Kuwait, the leading telecommunications and technology provider and digital solutions company, has announced the launch of the latest version of its mobile application, V12.0.0. The company, recently named “Telecom Company of the Year” at the Asian Telecom Awards, continues to reinforce its position in the market through ongoing digital innovation and customer-centric enhancements. The update forms part of the company’s ongoing efforts to enhance customers’ digital experience and deliver services that are simpler, faster, and more efficient. The application, widely used in Kuwait and recognised among award-winning digital platforms globally, has received several prestigious international accolades, including the Stevie Awards, further reinforcing Ooredoo ......read full article

KIB warns against cyber fraud risks amid current conditions

KIB warns against cyber fraud risks amid current conditionsKuwait, 9 April 2026: As part of its ongoing support for the banking awareness campaign “Let’s Be Aware” (Diraya), launched by the Central Bank of Kuwait and the Kuwait Banking Association in collaboration with local banks, Kuwait International Bank (KIB) urged the public to remain vigilant against suspicious links or messages from unknown sources that promote urgent claims or misleading content designed to entice individuals to click on them, potentially exposing their personal and financial data to the risk of cyber fraud or security breaches. This warning comes amid a global rise in fraud schemes, as fraudsters increasingly adopt more sophisticated methods to target users online and on social media platforms. KIB stressed the importance of avoiding opening any links received from unofficial or unfamiliar sources, ......read full article

Burgan Bank Concludes its Campaigns Carried Out During the Holy Month of Ramadan and Joyous Eid Al-Fitr, Reaffirming its Commitment to the Nation and its Community Despite the Exce

The Bank organized a number of initiatives and events while postponing other activities in tune with current developments Kuwait, 1 April 2026 Amid the exceptional circumstances that reshaped the priorities for community engagement, Burgan Bank concluded its 2026 Ramadan campaign and Eid Al-Fitr initiatives, reaffirming its continued commitment to its national role and responsibility toward society. While the Bank organized a number of initiatives and events at the beginning of the holy month, it postponed some of its traditional annual activities and gatherings that typically take place during the second half of the month, in tune with current developments and out of concern for everyone’s safety. This Bank further expressed its deep appreciation for the dedication of the nation’s protectors and frontline personnel ......read full article

Burgan Bank Shareholders Approve 6 Fils Cash Dividend and 5% Bonus Shares for 2025

Burgan Bank Shareholders Approve 6 Fils Cash Dividend and 5% Bonus Shares for 2025 At the 62nd Annual General Assembly Meeting Kuwait, 29 March 2026 – Burgan Bank K.P.S.C. (“Burgan Bank” or “the Bank”) held its 62nd Annual General Assembly Meeting on Saturday, 28 March 2026, at its headquarters, with a quorum of 83.122% of shareholders present, exceeding the minimum threshold of more than 50% as prescribed by regulatory guidelines and the Bank’s bylaws. During the meeting, shareholders reviewed the Bank’s financial results and operational performance for the fiscal year ended 31 December 2025, and approved the distribution of cash dividend of 6 fils per share, in addition to bonus shares of 5% (five shares for every 100 shares owned), in line with the Bank’s commitment to delivering sustainable returns to its investors while maintaining strong capital and ......read full article

Makhazen Reports FY 2025 Results

Makhazen Reports FY 2025 ResultsSolid Performance as Company Completes Strategic Transformation 24 March 2026 – Makhazen, the new operating brand of Agility Public Warehousing Company KSCP, today announced its financial results for the year ended 31 December 2025. For FY 2025, Makhazen reported net profit from continuing operations of KD 49.3 million, or 19.31 fils per share, an increase of 13.1% compared to the same period last year. EBITDA increased 37.8% to KD 83.1 million and EBIT increased 42.9% to KD 74.9 million, while revenue stood at KD 151.5 million, these results reflect solid performance across the Group's operating businesses. As of December 31, 2025, Makhazen total assets stood at KD 1.1 billion and equity attributable to shareholders stood at KD 569.9 million. Net debt stood at KD 199 million. 2025 Performance In a pivotal ......read full article

KIB's AGM approves 8% cash dividend and 5% bonus shares for the year 2025

KIB's AGM approves 8% cash dividend and 5% bonus shares for the year 2025 Kuwait, 16 March 2026: Kuwait International Bank (KIB) held its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) on Monday, 16 March 2026, with 76.05% of shareholders in attendance. During the meeting, all agenda items of both the Ordinary and Extraordinary General Meetings were approved, including the Board of Directors’ recommendation to distribute cash dividends at a rate of 8% of the nominal value per share (8 fils per share) and 5% bonus shares (5 shares per 100 shares) for the year ended 31 December 2025. While giving an overview of the KIB Group’s financial performance and achievements, Sheikh Mohammed Jarrah Al-Sabah, Chairman of KIB, stated: “Despite global economic challenges and the rapid pace of technological transformation, KIB, by the grace of Allah, has delivered a strong and ......read full article

KIB facilitates “Eidiya” access across branches and ATMs ahead of Eid Al Fitr

KIB facilitates “Eidiya” access across branches and ATMs ahead of Eid Al FitrKuwait, 16 March 2026: In preparation for Eid Al Fitr, Kuwait International Bank (KIB) announced the availability of its annual Eidiya service across its network of branches and ATMs throughout Kuwait. Through this service, KIB aims to provide customers with convenient access to Eidiya in various denominations, supporting their Eid preparations while reaffirming the Bank’s commitment to delivering accessible and customer-focused banking solutions. Commenting on the initiative, Nawaf Al-Khrayef, Deputy General Manager of Retail Banking at KIB, said: “We extend our warmest wishes to the leadership and people of Kuwait as we approach Eid Al Fitr. At KIB, we continuously work to offer practical banking solutions that simplify everyday transactions and align with their lifestyles. The Eidiya service reflects our commitment to ......read full article

KIB confirms the continued delivery of its banking services with high efficiency

KIB confirms the continued delivery of its banking services with high efficiencyKuwait, 7 March 2026: Kuwait International Bank (KIB) continues to provide its banking services to customers as usual across its various channels, while maintaining full operational readiness to ensure services continue efficiently and reliably. In light of the current circumstances facing the country, KIB confirms that its banking systems and technological infrastructure are operating at full readiness, enabling customers to conduct their transactions easily and securely through its branch network and various digital channels. Prioritizing the safety of its customers and employees, KIB has activated its business continuity and risk management plans in line with approved procedures. These measures ensure operational stability and the uninterrupted delivery of services, in accordance with the directives of the Central Bank of ......read full article

Ooredoo Kuwait Approves Record Cash Dividend of 150 Fils Per Share

Ooredoo Kuwait Approves Record Cash Dividend of 150 Fils Per Share• Shareholders approve 2025 financial results with 93% attendance • Earnings per share reach 154 fils • Chairman Sheikh Nasser bin Hamad bin Nasser Al-Thani: 56% profit growth reflects our long-term commitment to shareholders • CEO Abdulaziz Yaqoub Al-babtain: Strategic partnerships position Ooredoo at the forefront of technology in line with Kuwait Vision 2035 Kuwait – 7th March 2026 Ooredoo Kuwait has approved a record cash dividend of 150 fils per share, the highest in the company’s history, following the approval of shareholders during its Ordinary and Extraordinary General Assembly meeting for the fiscal year ending December 31, 2025. The meeting was held on Wednesday, 4 March 2026, at the company’s headquarters with 93% shareholder attendance. The session was chaired by board ......read full article

Double Recognition at the Asian Telecom Awards in Singapore Ooredoo Kuwait Wins Telecom Company of the Year for the Third Time

Double Recognition at the Asian Telecom Awards in Singapore Ooredoo Kuwait Wins Telecom Company of the Year for the Third TimeAbdulaziz Yaqoub Al-Babtain Named CEO of the Year 2026 Kuwait – 5 March 2026: In a new milestone reflecting its continued excellence and leadership journey, Ooredoo Kuwait proudly announced that it has won two prestigious awards at the 2026 Asian Telecom Awards. The company was crowned “Telecom Company of the Year” for the third consecutive year, while Abdulaziz Yaqoub Al-Babtain was named “CEO of the Year 2026.” This recognition reaffirms the strength of the company’s institutional strategy, the effectiveness of its executive leadership, and its outstanding performance within the global telecommunications sector. Ooredoo Kuwait was honored at one of the industry’s most prominent international gatherings during a distinguished ceremony held at the Marina Bay Sands Expo & ......read full article

Burgan Bank Celebrates Kuwait National Day with a Campaign Honoring Actions that Shaped the Nation

Burgan Bank Celebrates Kuwait National Day with a Campaign Honoring Actions that Shaped the Nation The Bank’s people-centric tribute garnered millions of views, reflecting strong national engagement across generations Kuwait, 25 February 2026 – Building on the recent launch of its brand refresh and the reintroduction of its core brand narrative, ‘Driven by You’, Burgan Bank recently concluded its 2026 National Day campaign under the title: ‘Thank You for the Good That Shaped Our Nation’. The campaign stood as a natural extension of the Bank’s renewed identity, placing people at the center of progress, purpose, and national pride. At its core, the initiative reflected a simple yet powerful belief: Kuwait’s story has always been written through action, effort, loyalty, and the individuals whose contributions — quiet or visible — have shaped the nation’s path ......read full article

Ooredoo Kuwait Strengthens Its Support for Digital Content Creation Through “51” Platform at KON Conference

Ooredoo Kuwait Strengthens Its Support for Digital Content Creation Through “51” Platform at KON ConferenceNouf Al-Mashaan: 51 is a national project exporting Kuwait’s media identity to the Arab world and strengthening its regional digital presence Strategic partnership with the Ministry of Information to build a sustainable digital ecosystem that supports creativity and expands the reach of Kuwaiti content Kuwait – February 16, 2026 Ooredoo Kuwait announced its participation as a main strategic sponsor of the Kuwait Annual Content Creators Conference (KON), held on February 12–13. The event brought together content creators, digital platforms,leading brands, and industry experts from across the Arab world to discuss the future of Arabic content, its growth prospects, and long-term sustainability. Speaking during a panel discussion titled “Can Kuwait Export a Regional Media Platform?”, Nouf Musaed ......read full article

KIB signs cooperation agreement with Lothan Hospital to offer 0% medical financing

KIB signs cooperation agreement with Lothan Hospital to offer 0% medical financingKuwait, 15 February 2026: Kuwait International Bank (KIB) announced the signing of a cooperation agreement with Lothan Hospital, one of Kuwait’s leading specialized medical institutions. The agreement reflects the Bank’s commitment to providing integrated solutions and value-added benefits that facilitate customers’ access to healthcare services and contribute to enhancing their quality of life. The agreement was signed on behalf of KIB by Othman Tawfeqe, General Manager of Retail Banking, while Lothan Hospital was represented by the CEO and Board Member, Abdullah Ahmed Alsebeih. The partnership aims to offer a range of financial and medical solutions that provide customers of both parties with a more flexible and seamless experience when accessing healthcare services. The agreement includes offering financing at ......read full article

KIB signs a cooperation agreement with ACICO to provide affordable financing solutions for citizens to build their residential plot

KIB signs a cooperation agreement with ACICO to provide affordable financing solutions for citizens to build their residential plotKuwait, 14 February 2026: Kuwait International Bank (KIB) announced the signing of a strategic cooperation agreement with ACICO Group, a leader in the construction and industrial sectors. The announcement was made during a meeting held to mark the partnership, which aims to offer affordable financing solutions and exclusive incentives for citizens seeking to build their residential plots, in line with their aspirations and the growing demands of the real estate and construction sectors. The agreement was signed by Othman Tawfeqe, General Manager of Retail Banking at KIB, and Ahmed Ghassan Al-Khaled, Vice Chairman at ACICO Group. This step reflects KIB’s commitment to providing distinguished banking and financing services that are compliant with the principles of Islamic Shari’ah, with a strong focus on supporting the ......read full article

Burgan Bank and Kuwait Fire Force Launch a Safety Awareness Campaign During Camping Season

Burgan Bank and Kuwait Fire Force Launch a Safety Awareness Campaign During Camping Season Under the theme “Driven by You and Your Safety is Our Responsibility” The campaign aims to raise awareness of camping related safety procedures and reduce the risk of accidents. Active participation from management and volunteer employees underscores the Bank's commitment to community engagement and its involvement in social campaigns and events. Field visits were conducted at several locations and camping safety kits, containing essential camping equipment, were distributed. Kuwait, 11 February 2026  Stemming from its national role in supporting community safety and promoting responsible behaviors, Burgan Bank announced its cooperation with the Kuwait Fire Force to launch a joint awareness campaign during the desert camping season, under the slogan “Driven by You and Your Safety is Our ......read full article

KIB wins IFN's “Regulatory Deal of the Year 2025” award for its USD 300 million sustainable Sukuk issuance

KIB wins IFN's “Regulatory Deal of the Year 2025” award for its USD 300 million sustainable Sukuk issuanceKuwait, 8 February 2026: Kuwait International Bank (KIB) announced that it has won the “Regulatory Deal of the Year 2025” award for its USD 300 million sustainable Sukuk, issued last year as part of its Tier 2 capital. This recognition from the globally renowned Islamic Finance News (IFN) highlights the exceptional success of the issuance, which was recognized as the first of its kind for sustainable Sukuk issued by a Kuwaiti institution. These Sukuk also achieved remarkable success by recording the highest oversubscription rate of an issuance by a financial institution in the Middle East and North Africa (MENA) region during 2025. IFN commended KIB for its successful issuance of innovative Tier 2 Sukuk that integrated international Basel III standards with the Shari’ah standards. It noted that the transaction ......read full article

Burgan Bank Organizes a Financial Literacy Workshop and Tour of its Head Office for Students of the American United School as Part of the "Let's Be Aware" Campaign

Burgan Bank Organizes a Financial Literacy Workshop and Tour of its Head Office for Students of the American United School as Part of the "Let's Be Aware" Campaign In line with the Bank’s “Teach Them Young” CSR program Kuwait, 8 February 2026 Expanding on its robust strategy for investing in Kuwait’s national talents and equipping future-ready youths to lead the banking sector, Burgan Bank hosted the American United School (AUS) high school students at the head office, as part of “Teach Them Young”, Burgan Bank’s youth-focused corporate social responsibility (CSR) initiative. The field visit covered several topics, including the history of banks and the evolution of the banking profession, modern digital banking services, safety practices against financial fraud, an introduction to the “Let’s Be Aware” (Diraya) campaign launched by the Central Bank of Kuwait (CBK) and the Kuwait Banking Association (KBA), in cooperation with ......read full article

Ooredoo Kuwait Group reported strong 9% growth in revenue to reach KWD 774 million in 2025

Ooredoo Kuwait Group reported strong 9% growth in revenue to reach KWD 774 million in 2025Dividend of 150 fils per share recommended Kuwait City, Kuwait: National Mobile Telecommunications Company K.S.C.P “Ooredoo” (Ticker: OOREDOO) announced today its financial results for the year ended 31 December 2025:  Financial Highlights: Consolidated revenue increased by a strong 9% to KWD 774 million in 2025, compared to KWD 711 million in 2024. Revenue growth was supported by the strong operational performances in Algeria, Tunisia and Kuwait. Consolidated customer base increased by 3% to 27.4 million in 2025 compared to 26.6 million in 2024. EBITDA increased by 20% in 2025 to reach KWD 313 million compared to KWD 262 million in 2024. Normalizing for the impact of the one-off bad debt provision raised in 2025 and 2024, EBITDA increased by 16% YoY. Net profit attributable to NMTC increased ......read full article

Dukhan Bank Becomes the First Bank in Qatar to Launch a Digital Onboarding Kiosk

Dukhan Bank Becomes the First Bank in Qatar to Launch a Digital Onboarding KioskDoha, Qatar – February 1, 2026: Dukhan Bank has announced the launch of Qatar’s first self-service digital onboarding kiosk, marking a significant milestone in secure, customer-centric banking innovation. The new kiosk is available 24 hours a day, seven days a week at Dukhan Bank’s headquarters in Lusail, enabling customers to open accounts through a fully digital, paperless process designed to deliver speed, trust, and convenience. The launch reinforces Dukhan Bank’s continued commitment to advancing digital banking solutions. The kiosk integrates advanced verification technologies, including biometric liveness checks, intelligent document scanning, and real-time identity verification. Once verified, customers can complete account opening within minutes and receive their bank card instantly through on-site ......read full article

KIB hosts its first specialized panel discussion on the valuation of industrial plots and the impact of regulatory decisions

KIB hosts its first specialized panel discussion on the valuation of industrial plots and the impact of regulatory decisionsKuwait, 31 January 2026: Kuwait International Bank (KIB) recently hosted its first panel discussion, titled “Valuation of Industrial Plots and the Impact of Regulatory Decisions,” as part of efforts to strengthen institutional collaboration and advance professional practices in the real estate valuation sector. The event was held in collaboration with the Kuwait Real Estate Valuers Association and Kuwait Finance House (KFH). The panel discussion, held at the KIB Mubader Center, attracted a distinguished audience of specialists and professionals from the real estate sector. The organizing entities underscored the importance of this initiative in supporting the professional development of real estate valuation and strengthening integration between the banking and professional sectors, contributing to a more efficient and ......read full article

Burgan Bank and Kamco Invest to host their third Investment Conference, bringing together thought leaders and industry experts

Burgan Bank and Kamco Invest to host their third Investment Conference, bringing together thought leaders and industry expertsKuwait, 6 January 2026: Burgan Bank and Kamco Invest are set to host the third edition of their exclusive Investment Conference at St. Regis Kuwait on Monday, February 2nd, 2026. Building on the strong foundation of the previous editions, the event will convene an elite gathering of thought leaders, industry experts, and institutional investors for insightful discussions on critical topics shaping the global economy, geopolitics, and diverse asset classes. As global markets continue to evolve amid geopolitical shifts, rapid technological advancement, and changing macroeconomic dynamics, the conference is firmly positioned as Kuwait’s leading platform for market insight, strategic dialogue, and informed investment perspectives. Under the theme “Insights & Strategies Shaping Opportunities,” this year’s ......read full article

Ooredoo Kuwait Group reported solid revenue growth of 9% to reach KWD 573 million for nine-month period ended 30 September 2025

Ooredoo Kuwait Group reported solid revenue growth of 9% to reach KWD 573 million for nine-month period ended 30 September 2025Earnings per share of 136 fils Sheikh Nasser Bin Hamad Bin Nasser Al Thani : Net profit attributable to the company rises by more than 60% to KWD 68 million Strengthening shareholder value through sustainable growth, continuous innovation, and outstanding execution Abdulaziz Yaqoub Al-Babtain: Earnings per share up by 62% to 136 fils Our partnerships and projects with both the public and private sectors reaffirm our leadership in Kuwait’s technological advancement Kuwait City, Kuwait: National Mobile Telecommunications Company K.S.C.P “Ooredoo” (Ticker: OOREDOO) announced today its financial results for the nine-month period ended 30 September 2025:  Financial ......read full article

Burgan Bank ISO/IEC 20000-1:2018 Certification Renewed

Burgan Bank ISO/IEC 20000-1:2018 Certification RenewedConfirming the Bank’s unwavering commitment to maintaining the highest standards for ITSM in line with its robust digital transformation strategy  Kuwait, 14 August 2025  In a testament to the success of the Bank’s ongoing digital transformation, Burgan Bank announced the successful renewal of its International Organization for Standardization and International Electrotechnical Commission ISO/IEC 20000-1:2018 certification, reaffirming the strength of its digital infrastructure and its alignment with global best practices for information technology system management. The recertification followed a rigorous external audit, which validated the efficiency, scalability, and continuous improvement of Burgan Bank’s IT operations, underscoring its commitment to delivering a consistently high-quality digital ......read full article

Burgan Bank Launches “Data Champion” Bootcamp in Partnership with CODED

Burgan Bank Launches “Data Champion” Bootcamp in Partnership with CODEDReaffirming its commitment to fostering a data-driven culture and investing in the Bank’s human capital Kuwait, 7 August 2025: As part of its ongoing investment in human capital and commitment to fostering a culture of continuous learning, Burgan Bank announced the launch of its latest Learning and Talent Development (LTD) endeavor: the Data Champion bootcamp.  Developed in strategic partnership with CODED – the region’s first dedicated coding academy – the program is the first of its kind in Kuwait, designed to build data fluency across the Bank and deepen its digital transformation efforts.  This intensive, month-long internal bootcamp aims to upskill employees from across Burgan Bank’s departments with\ essential data analytics capabilities, enabling them to extract insights, drive smarter ......read full article

KIB delivers a workshop on the fundamentals of investment and real estate appraisal at Kuwait University for the third consecutive year

KIB delivers a workshop on the fundamentals of investment and real estate appraisal at Kuwait University for the third consecutive yearKuwait, 6 August 2025: Kuwait International Bank (KIB), represented by its Real Estate Department, announced the delivery of its fifth specialized workshop on the fundamentals of investment and real estate appraisal at Kuwait University. Running for the third consecutive year, the workshop is part of a series of training events organized by the Bank in collaboration with the College of Business Administration at Kuwait University, under the framework of the memorandum of understanding (MoU) signed between the two parties. This initiative comes as part of the Bank’s comprehensive corporate social responsibility program, which focuses on supporting education, transferring practical knowledge, and expanding collaboration with academic institutions. It also reflects the Bank’s commitment to implementing Environmental, Social, ......read full article

CINET Showcases Its Credit Analytics Experience at the 19th Meeting of the Arab Committee on Credit Information

CINET Showcases Its Credit Analytics Experience at the 19th Meeting of the Arab Committee on Credit Information[Kuwait, 6th August 2025] Kuwait Credit Information Network Company (CINET) participated in the 19th meeting of the Arab Committee on Credit Information, organized by the Arab Monetary Fund. The event brought together leaders in the credit information industry across the region to discuss current challenges and best practices in credit reporting and scoring services. CINET’s participation highlighted how it utilizes data science and artificial intelligence in credit evaluation and risk management, offering valuable insights into the role of data analytics in enhancing institutional decision-making. Representing CINET at the event were Mrs. Mai Bader Al-Owaish, Chief Executive Officer, and Mr. Fouzan Y.  Al-Sumait, Senior Manager of Data and Artificial Intelligence. They delivered a specialized presentation outlining ......read full article

KIB signs an agreement with The British School of Kuwait to offer a zero-profit tuition installment service

KIB signs an agreement with The British School of Kuwait to offer a zero-profit tuition installment serviceKuwait, 5 August 2025: Kuwait International Bank (KIB) has announced the signing of a partnership agreement with The British School of Kuwait (BSK), allowing parents to benefit from a convenient tuition installment service. This initiative aims to expand access to quality education while offering families a more flexible and manageable approach to covering tuition fees. The agreement was unveiled during a press conference held at the school, attended by KIB’s General Manager of Retail Banking Othman Tawfeqe, and BSK's Founder and Director – Madam Vera Al-Mutawa MBE, along with several representatives from both sides. Commenting on the new partnership, Othman Tawfeqe, General Manager of the Retail Banking Department at KIB, stated: “We are proud to partner with The British School of Kuwait, one of the oldest and ......read full article

Ooredoo Kuwait Launches Platform 51 on Board Kuwait Airways Flights

Ooredoo Kuwait Launches Platform 51 on Board Kuwait Airways Flights Platform 51 showcases public-private synergy in shaping a digital ecosystem rooted in national identity A pioneering content roadmap aligned with Kuwait’s development vision Kuwait August 4th, 2025- As part of a strategic partnership aimed at elevating Kuwait’s digital, cultural, and media presence both regionally and globally, Ooredoo Kuwait, through its subsidiary FASTtelco, has announced the launch of Phase Two of its collaboration with Kuwait Airways through the activation of Platform 51—a digital initiative from the Ministry of Information—on the national carrier’s in-flight entertainment system. This move builds on the initial agreement signed between FASTtelco and Kuwait Airways, which laid the foundation for Platform 51’s presence on board flights. The initiative aims to introduce ......read full article

Burgan Bank Launches “Free Airport Ride” Campaign for Elite Customers

Burgan Bank Launches “Free Airport Ride” Campaign for Elite Customers In line with its dedicated customer satisfaction strategy and expansive rewards program Kuwait, __ August 2025: As part of its ongoing efforts to enrich its banking experience, Burgan Bank has launched its latest summer campaign: a complimentary chauffeured airport ride for all Elite Visa Signature debit card holders. The “Free Airport Ride” campaign falls under Burgan Bank’s year-round loyalty program, specifically targeting Elite customers and designed to offer them premium services that cater to their lifestyles – from everyday banking benefits to rewarding add-on experiences. Speaking about the promotion, Mr. Mohammed Al-Yaseen, Deputy General Manager – Retail Banking at Burgan Bank said: ““Summer is a time for travel, family moments, and new experiences — and we’re here ......read full article

Search Article for
  |
RSS KuwaitPR.com onFacebook KuwaitPR.com on Twitter KuwaitPR.com on LinkedDin KuwaitPR.com on Instagram
 
Top Stories
 
Top Sections