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BANKING

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

Banks to call for special UK visa waiver for workers after Brexit

May 12, 2018

Banks to call for special UK visa waiver for workers after Brexit

Global banks in Britain are calling for a special work visa waiver after Brexit to preserve the City of London’s standing as a top global financial centre, two industry sources said, a move that would be more generous than the current arrangements. The industry is demanding a new arrangement where international staff posted to Britain for less than six months will be able to come and go freely without"... Continue Reading

Issue of unspent excess funds is affecting local banks again

May 10, 2018

Issue of unspent excess funds is affecting local banks again

The issue of unspent excess fund has been affecting the local banks again. It is not about the decline in rate of facilities allocated for development project this time around, but due to government’s move to cash some paid public debts, reports Al-Rai daily.

The daily quoting a source noted the banks had recovered five different"... Continue Reading

Boubyan Bank launches Al-based ‘Musaed’ service to all its clients

May 10, 2018

Boubyan Bank launches Al-based ‘Musaed’ service to all its clients

In continuation of its distinction in presenting new and remarkable services and products in the banking services’ market in Kuwait, Boubyan Bank has launched “Musaed” service as a part of AI-based conversation management technology, simply known as “Chatbot”. This is service is introduced for the first time in Kuwait by Boubyan Bank.
In a press conference held yesterday,"... Continue Reading

KIB awarded ‘Best Customer Acquisition in Kuwait’ by CPI Financial

May 9, 2018

KIB awarded ‘Best Customer Acquisition in Kuwait’ by CPI Financial

Kuwait International Bank (KIB) was awarded ‘Best Customer Acquisition in Kuwait’ for the year 2018 by CPI Financial. The bank received this award at the annual Islamic Business & Finance Awards ceremony, which was recently held in Dubai. The event was attended by a number of notable figures and representatives from leading banks and Islamic finance institutions from across the globe.

"... Continue Reading

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