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BANKING

Jehad Al-Humaidhi appointed as AUB Deputy CEO – Banking Support Group

July 17, 2018

Jehad Al-Humaidhi appointed as AUB Deputy CEO – Banking Support Group

Ahli United Bank (AUB) has announced the appointment of Jehad Saud Al-Humaidhi as Deputy CEO – Banking Support Group as of 28 June 2018, after obtaining the approval of the Central Bank of Kuwait.

Jehad was formerly Senior General Manager – IT & Operations at Ahli United Bank and was appointed to succeed Ahmed Zulficar,"... Continue Reading

Burgan Bank re-certifies with ‘ISO 9001:2015’ across all of its operations

July 17, 2018

Burgan Bank re-certifies with ‘ISO 9001:2015’ across all of its operations

Burgan Bank, one of the most dynamic banks in Kuwait, recently announced that it has successfully re-certified with ISO 9001:2015 certification across all of its operations. Through this re-certification, Burgan Bank has once again demonstrated its ability to effectively and efficiently provide an internationally recognized quality management system, while continuously advancing its products and services.

"... Continue Reading

KFH, AUB mull possible merger

July 17, 2018

KFH, AUB mull possible merger

Kuwait Finance House (KFH) has invited Bahrain’s Ahli United Bank (AUB) to sign a memorandum of understanding and non-disclosure agreement to pursue strategic opportunities for global growth and expansion. The deal, if confirmed, aims to establish a new banking entity that will accommodate the rapid developments in the world banking industry, KFH said in a statement posted on Kuwait Stock Exchange’s"... Continue Reading

AUB wins prestigious ‘Best Retail Bank in Kuwait’ award in 2018

July 16, 2018

AUB wins prestigious ‘Best Retail Bank in Kuwait’ award in 2018

Ahli United Bank (AUB) announced that it has won the coveted ‘Best Retail Bank in Kuwait’ award in 2018 by Global Banking and Finance Review Magazine. The award reflects the Bank’s overall achievements across the retail banking landscape and its exceptional performance that are in accordance to the judging committee’s criteria. The Bank was recognized for its continued leadership"... Continue Reading

Bank of America Reports Second-Quarter 2018 Financial Results

July 16, 2018

Bank of America Reports Second-Quarter 2018 Financial Results

(AETOS Wire)-- Bank of America reported its second-quarter 2018 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

KIB closing its $250 mln Murabaha

July 15, 2018

KIB closing its $250 mln Murabaha

KIB held an exclusive ceremony to mark the occasion of the Bank’s successful closing of a $250 million 3-year syndicated Murabaha financing facility. This landmark financing was concluded with a consortium of international and local banks viz; Standard Chartered Bank, First Abu Dhabi Bank, National Bank of Kuwait, Kuwait Finance House and Boubyan Bank.

Held"... Continue Reading

KIB renews sponsorship of equestrian team for upcoming season

July 11, 2018

KIB renews sponsorship of equestrian team for upcoming season

Kuwait International Bank (KIB) has renewed its annual sponsorship of the showjumping team, who compete under the Bank’s name. The KIB showjumping team, which features jockeys Ghazi Al-Juraei, Ahmad Al-Mudaheka, Abdullah Hamadah and Ahmad Al-Ansari, is preparing for the upcoming season set to take part in several local and international competitions. Over the past seasons, the team has garnered a slew"... Continue Reading

Fintech will be a game-changer for Kuwait banks, says analyst

July 11, 2018

Fintech will be a game-changer for Kuwait banks, says analyst

Kuwait Financial Centre “Markaz” has recently held a presentation on “Kuwait Banking 2018 and beyond” in collaboration with Kuwait Banking Association (KBA) at Kuwait Chamber of Commerce and Industry. The presentation was delivered by M.R. Raghu, Head of Research at Markaz and Managing Director of Marmore MENA Intelligence, a research subsidiary of Markaz providing services of financial"... Continue Reading

Meet said to discuss latest dev regarding new strategy of banks

July 10, 2018

Meet said to discuss latest dev regarding new strategy of banks

There are indications that a meeting will be held on July 10 (today), between the board chairmen of local banks and Oliver Wiman Company, a consultant in the field of business administration charged with assessing the current strategy of the banks and preparing a new strategy to keep abreast with financial developments locally and globally, Al- Qabas daily reports quoting an official source.

The"... Continue Reading

Sheikh Al-Jarrah bags ‘Islamic Banking Chairman of the Year’ Award for 2nd year

July 10, 2018

Sheikh Al-Jarrah bags ‘Islamic Banking Chairman of the Year’ Award for 2nd year

Chairman of Kuwait International Bank (KIB), Sheikh Mohammed Jarrah Al-Sabah, added a new prestigious achievement to the Bank’s ever-growing roster of international awards and recognitions, after being named “Islamic Banking Chairman of the Year” for 2018 by World Finance; the premier Londonbased global banking and fi- nance journal.

Al-Jarrah"... Continue Reading

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