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BANKING

Mastercard and Burgan Bank Bring Mastercard World Elite Card to Kuwait

May 24, 2018

Mastercard and Burgan Bank Bring Mastercard World Elite Card to Kuwait

Unlocking a new world of privileges and offers for cardholders in Kuwait, Mastercard and Burgan bank have launched the Mastercard World Elite card for Burgan Bank’s Private Banking customers.

The exclusive Mastercard World Elite card offers an unrivaled array of specially selected travel, lifestyle and insurance rewards,"... Continue Reading

GCC banking in a very strong spot: Al Fulaij

May 24, 2018

GCC banking in a very strong spot: Al Fulaij

Salah Al-Fulaij, CEO- Kuwait at National Bank of Kuwait said in an interview with MEED Magazine that the impact of subdued credit growth and rising NPLs in recent years, mainly the lower oil price years, has been very-well dealt with by the regulators. He added that most banking systems went into the lower oil price environment in much stronger positions relative to what happened during the financial crises.

"... Continue Reading

ABK, FAB and Noor Bank sign loan deal for Dubai Aerospace

May 22, 2018

ABK, FAB and Noor Bank sign loan deal for Dubai Aerospace

Al Ahli Bank of Kuwait (ABK), First Abu Dhabi Bank (FAB) and Noor Bank have announced the signing of a landmark financing facility for Dubai Aerospace Enterprise (DAE) for an initial amount of $480 million, expandable to $800 million.

The facility has a four year tenor and features both conventional and Islamic tranches. The facility"... Continue Reading

Outlook for Arabian Gulf banks rosier in 2018 as oil rebounds

May 22, 2018

Outlook for Arabian Gulf banks rosier in 2018 as oil rebounds

UAE and Arabian Gulf banks banks find themselves on a different footing towards the second half of the year given the uptick in the dollar and price appreciation of oil.

Higher interest rates may also give banks a shot in the arm when it comes to profitability this year but banks in the UAE and the Gulf, like lenders all over the"... Continue Reading

Kuwait's Noor Financial to divest stake in Pakistan's largest Islamic bank

May 19, 2018

Kuwait's Noor Financial to divest stake in Pakistan's largest Islamic bank

Noor Financial Investment Company will divest a portion of its 49 percent stake in Meezan Bank, Pakistan’s largest Shariah-compliant lender and sixth largest bank.

The company is in “preliminary non-binding discussions with foreign institutional investors for a proposed divestment of 9.59% of the total issued and paid"... Continue Reading

Kuwait's Noor Financial gets offer for part of Pakistan Meezan Bank stake

May 17, 2018

Kuwait's Noor Financial gets offer for part of Pakistan Meezan Bank stake

Kuwait’s Noor Financial Investment said on Wednesday a foreign financial firm has shown interest in buying part of its stake in Pakistan’s leading Islamic lender Meezan Bank.

Noor Financial said in a statement the foreign financial firm, which it did not identify, wants to purchase 9.59 percent of Meezan Bank’s"... Continue Reading

National Bank of Kuwait to introduce selfie pay and biometric cards from Mastercard

May 17, 2018

National Bank of Kuwait to introduce selfie pay and biometric cards from Mastercard

Answering the market’s growing demand for increased convenience and security associated with biometric technology, National Bank of Kuwait and Mastercard announced two pioneering biometric solutions designed to improve online and in-store shopping at a press conference held at NBK Head.

Mr. Isam J. Al-Sager, Group Chief Executive"... Continue Reading

Burgan Bank wins prestigious award

May 17, 2018

Burgan Bank wins prestigious award

Burgan Bank, a dynamic and progressive Kuwaiti bank, was recently awarded one of the best ‘Regional Problem Solver’ awards in recognition of the exceptional solutions addressing potential challenges by its respective Call Center.

Dedicated to ensuring optimal customer experiences through the adoption of international"... Continue Reading

IDEMIA makes Smart PIN available to Ditto Bank, the next-generation French bank specialized in currency management

May 16, 2018

IDEMIA makes Smart PIN available to Ditto Bank, the next-generation French bank specialized in currency management

(AETOS Wire) -- Launched in February 2018, Ditto Bank is a new generation digital solution, which offers multiple accounts in different currencies to frequent travellers, cross border commuters, expats and students who study abroad. Smart PIN service enables Ditto Bank customers to access their PIN codes instantly in their banking smartphone app. A seamless customer journey means that there is no need for them to wait days to receive their PIN code, which is available immediately, and use their card. As this feature of the smartphone app can also be used for PIN reminders, the card will also be easier to use, since there is no risk of customers forgetting their PIN codes! Ditto Bank has selected IDEMIA to work on the project from Day 1, in 2015. IDEMIA brought the new digital bank a suite of products, such as the Ditto Bank card and packaging and related...... Continue Reading

NBK highlights changes in UK taxations, London’s residential property outlook

May 13, 2018

NBK highlights changes in UK taxations, London’s residential property outlook

National Bank of Kuwait organized a seminar for its customers titled “London Residential Property: Important Taxation Changes and Outlook.” It dealt with UK taxation changes and the latest developments in the London residential property with participation by two world experts from two leading European companies in this field.

Robert"... Continue Reading

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