Browsing: Kuwait

Kuwait, 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 contin

Earnings 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.

Ooredoo 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)

Reaffirming 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

Kuwait, 12 April 2026: In 2025, Kuwait International Bank (KIB) continued to implement its strategy to advance digital banking services and enhance product efficiency by launching innovative financial solutions that elevate the customer experience and provide greater flexibility in managing finances and completing transactions easily and securely around the clock. This initiative reflects the Bank’s ongoing focus on strengthening its digital infrastructure and adopting the latest technological best practices, in line with rapid developments in the banking sector and consistent with its main slogan, ‘Bank for Life’. As par

Kuwait – 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 Kuwa

Kuwait, 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 increasing

Reinforcing the Bank’s commitment to advancing responsible banking practices in Kuwait Kuwait, 9 April 2026 Burgan Bank has unveiled its 2025 Annual Sustainability Report, reinforcing its commitment to responsible banking while driving measurable progress across its environmental, social, and governance (ESG) priorities and marking another milestone in its journey to advance responsible banking and long-term value creation. The 2025 report reflects a year of scaled impact and deeper integration of ESG across the Bank’s strategy, operations, and decision-making; documenting Burgan Bank’s dedication to shaping a more re

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 bon

Waldorf Astoria Kuwait introduces a family escape experience that redefines quality time through a seamless blend of comfort, discovery, and thoughtful hospitality. Designed for every generation, the stay invites guests to unwind in elegant accommodations while enjoying diverse dining options, including dedicated children’s menus across all outlets and a specially curated kids’ breakfast corner at AVA. Families can relax by the pool or enjoy the hotel’s wellness facilities, while younger guests explore the Kids’ Club with interactive activities and the chance to meet Oscar the Bear. Enhancing the experience, the hot