BANKING

May 23, 2019

Cairo: Egypt’s EFG Hermes (HRHO) signed on Monday a deal with Asia Commercial Bank Securities of Vietnam to tap the Vietnamese market.

The deal will see EFG’s clients receiving on-ground access and intelligence to trade the Hanoi stock exchange, Ho Chi Minh City Exchange and UPCOM, some of Asia’s most compelling"... Continue Reading

May 23, 2019

KUWAIT CITY, May 22: The banks have obtained the approval of the Central Bank of Kuwait to collect one dinar from each client when updating his/her civil ID, reports Al-Rai daily.

The sources said that the Central Bank has approved the request of banks to collect the one dinar fee, provided that four conditions are met, sources familiar with the issue told the daily.

The new fee"... Continue Reading

May 22, 2019

KUWAIT: Starting from July, clients who fail to visit their banks to update their contact information will face a KD 1 charge for updating their information. An official from the Central Bank of Kuwait said this fee will be taken from clients who fail to respond to their bank’s reminders to provide updated contact information by visiting a local branch.

“This"... Continue Reading

May 21, 2019

KUWAIT: Warba Bank, the best corporate bank and best investment bank in Kuwait, continues to achieve strong results realizing outstanding performance where the first quarter 2019 earnings recorded a remarkable growth, thanks to Allah blessings. Thus the Bank continues the growth march it has initiated in recent years.

With several"... Continue Reading

May 20, 2019

KUWAIT: To further solidify its position as a dynamic financial powerhouse, Burgan Bank recently hosted three master facilitators of “The Leadership Challenge” in a one-day conference titled “Burgan Bank Leadership Conference – The Leadership Challenge Edition” at Salwa Al-Sabah ballroom. Continuing to invest in its employees for long term growth, the conference incorporated"... Continue Reading

May 20, 2019

KUWAIT CITY, May 19: Former minister of Education and Higher Education Dr Bader Al-Essa says the project of education development and curricula competency, which was prepared with the cooperation of the World Bank, should not have been cancelled, describing such a cancellation as “a disaster” after two years into the project implementation and four years of training Kuwaiti citizens in this regard,"... Continue Reading

May 19, 2019

KUWAIT CITY, May 18: The Central Bank of Kuwait (CBK) has asked local banks to provide additional levels of liquidity within official channels, particularly the ATMs, in a proactive move by the regulator to boost preparations in the event of any developments in the region, reports Al-Rai daily.

The sources pointed out that the"... Continue Reading

May 16, 2019

KUWAIT: National Bank of Kuwait (NBK) was awarded the excellence in banking innovation for payment services by Global Finance Magazine, during its annual survey with input from hundreds of industry analysts, senior advisors and corporate executives from around the world.

NBK was selected as the best bank in 2019 in Real Time End-To-End"... Continue Reading

May 16, 2019

London Stock Exchange today welcomes Finablr PLC (“Finablr”), a global payments and foreign exchange company, to open London’s markets for trading and to celebrate the listing of the Company’s shares on the Premium Segment of the Main Market of London Stock Exchange.

Finablr is a global platform for Payments"... Continue Reading

May 15, 2019

KUWAIT CITY, May 14: The Central Bank of Kuwait (CBK) has sent a cautionary note to some auditors, stressing that they should adhere to the specific quality of supervision when preparing financial reports supporting banks, particularly the examination of personal loan portfolios, reports Al-Rai daily quoting sources.

The sources"... Continue Reading