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Kuwait stocks edge lower, volume drops – Banks say as NBK dives 20 fils; VIVA gains

September 26, 2017

Kuwait stocks pulled lower on Monday to close in red zone for the second straight day as the bourse dipped 27.75 points to 6,767.5 points. Most of the banks and blue chips remained subdued.

The KSX-15 index dropped 17.01 points to 991.64 points. The weighted index lost 5.26 points. The volume turnover meanwhile continued its decline"... Continue Reading

Real estate activity remained relatively stable in August

September 26, 2017

A National Bank of Kuwait report unveiled on Monday that real estate activity remained relatively stable in August, saying that seasonality pulled the monthly sales figure down slightly to KD 154.5 million. The report added that sales across all sectors totaled KD 1.5 billion year-to-date (ytd), down 5.4% from the same period last year.

The"... Continue Reading

Arzan Wealth Delivers Strong Results with Sale of VW Warehouse in Germany

September 26, 2017

Arzan Wealth Delivers Strong Results with Sale of VW Warehouse in Germany

Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has advised on the successful sale of the German warehouse used as a spare parts storage and the distribution center by Volkswagen AG, Germany (“VW Property”).

"... Continue Reading

Eurisko Mobility Adds AI Bots to its Digital Experience Platform for Banks & Financial Institutions

September 26, 2017

Eurisko Mobility Adds AI Bots to its Digital Experience Platform for Banks & Financial Institutions

In exciting news for both financial institutions and their customers, Lebanon-based mobile development leader Eurisko Mobility recently announced the addition of Artificial Intelligence Bots to its Digital Experience Platform (DXP), a cutting-edge solution tailored for banks and financial institutions. Eurisko's fully customizable bots powers all DXP modules"... Continue Reading

CBK says money supply drops 1.5 pct in July

September 25, 2017

Central Bank of Kuwait (CBK) on Sunday said money supply (M2) in July was KD 35.9 billion (about USD 117 billion) down by 1.5 percent as compared to June.
The CBK's economic research department said in a statistical report that the private sector deposits in local banks decreased by 0.2 percent in July 2017 to KD 32 billion (USD 104.6 billion).... Continue Reading

BEC launches new branch in Omariya

September 24, 2017

Bahrain Exchange Company W.L.L. (BEC), one of Kuwait’s leading worldwide money transfer and foreign exchange companies, has announced on 18 September the opening of its 43rd retail outlet in Omariya.

Located behind Farwaniya Middle school - Boys, the new branch is BEC’s 5th in Farwaniya Area which is a heavily populated"... Continue Reading

Japanese Budget Smart Phone Maker, FREETEL enters to Egypt, Fifth Market in Middle East & Africa

September 24, 2017

Japanese Budget Smart Phone Maker, FREETEL enters to Egypt, Fifth Market in Middle East & Africa

Plus One Global, the Tokyo-based maker and seller of the FREETEL brand of budget smartphones, starts it’s sail in Egyptian Market in partnership with Egypt's largest smart phone distributor, MTI Group (www.mti-mmgroup.com), on a new voyage of global expansion that will include landings in 10 countries in the Middle East and Africa.

Plus"... Continue Reading

Kuwait-Turk Bank donates USD 285,000 for Rohingya

September 23, 2017

Kuwait-Turk Bank has donated one million lira (USD 285,000) to the Turkish Red Crescent Society to relieve Muslim Rohingya who have been fleeing violence in their country Myanmar.
The bank general manager, Ufuk Oyan, said in a statement during a ceremony for handing over the donation cheque that the bank management decided to help the Rohingya in response"... Continue Reading

Triaconta Announces a New Safe Way to Invest in Cryptocurrencies

September 22, 2017

Triaconta Announces a New Safe Way to Invest in Cryptocurrencies

(AETOS Wire)-- Triaconta wants to minimize the risks of investing in cryptocurrencies with Combicoin to make the cryptocurrency market accessible for a larger audience.

CombiCoin is 100% asset backed by the top 30 cryptocurrencies with the highest market cap. Because of this the CombiCoin"... Continue Reading

OT-Morpho Launches with CMBC the First Payment Card Featuring MOTION CODETM Dynamic CVV2 in China

September 21, 2017

OT-Morpho Launches with CMBC the First Payment Card Featuring MOTION CODETM Dynamic CVV2 in China

  • High-tech powered card with dynamic security code (CVV2) that changes automatically every hour, displayed on embedded mini-screen
  • A solution with no impact on cardholder journey for safer online transactions: if stolen, this dynamic data becomes rapidly unusable
  • CMBC is the first bank to launch MOTION CODETM in Asia, featured on their new high-end VISA Signature card
  • A CMBC WeChat application to present the offer and order easily in one... Continue Reading

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