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Banking & Finance

Apla named ‘Blockchain Solutions Provider of the Year’

Apla, a technology company that develops Blockchain solutions for governments and enterprises, has been named ‘Blockchain Solutions Provider of the Year’ at the 2018 Smart SMB Summit and Awards. The inaugural edition of the Smart SMB Summit and Awards, supported by the Department of Economic Development (DED), took place at the JW Marriott Marquis Hotel, […]

Kuwait Direct Investment Promotion Authority selects IBM Cloud

IBM has announced that Kuwait Direct Investment Promotion Authority (KDIPA) has chosen IBM Cloud to host its IT environment. KDIPA is one of the implementing arms of Kuwait’s development strategy, tasked to promote direct investment in the country. Since its inception, it has relied on its own on-premise, in-house IT infrastructure. Its applications and data […]

e-payments to be regulated by Kuwait Central Bank

The Central Bank of Kuwait (CBK) has instructed all service providers, companies and institutions to register for its electronic payment system. In an official statement posted on its website the CBK said all service providers will be required to regulate their e-payment transactions in line with established regulations. The statement added that all e-payment methods […]

NBK Capital debuts mobile trading service for Kuwaiti clients

NBK Capital, a leading investment management firm, has for the first time launched a smart electronic application for Kuwaiti clients trading in the US Stock Exchange for equity sale and purchase and trading in options contracts. Through this innovative application, which has been developed using the latest technology in the field, NBK Capital offers a direct […]

Alghanim Industries scoops award for payment process project

Alghanim Industries, one of the largest privately-owned companies in the Middle East and founded in Kuwait, has been recognised at the Adam Smith Awards 2018. Representing Alghanim Industries, Richard Quinlan, Corporate Controller, Sonal Gupta, Head of International Accounts and Pramod Bhattiprolu, Senior Manager, Corporate Treasury received the award for the Best in Class Treasury Solution […]

Oman Arab Bank receives award for cybersecurity practices

Oman Arab Bank (OAB) has been presented with an award recognising its outstanding cybersecurity practices. A ceremony organised by the bank, saw Trend Micro representatives handing out the award and certificates at the OAB Head Office. Ghulam Basheer, Head of the IT Security Department at OAB, said: “Being a financial institution, security has always been our […]

Solution supports bank’s Digital Transformation

Cisco’s cybersecurity framework has improved Invest Bank’s IT agility, reducing average response time from 10 days to two to three hours. Cisco and Invest Bank PSC, a leading commercial bank in Sharjah, UAE, has announced the successful deployment of Cisco’s comprehensive cybersecurity solutions, including Cisco Advanced Malware Protection (AMP), to support the bank’s Digital Transformation […]

Oman Arab Bank selects Trend Micro to protect its IT environment

Trend Micro, a global leader in cybersecurity solutions, has announced that Oman Arab Bank, has selected Trend Micro to secure its digital universe. Established in 1984, Oman Arab Bank SAOC is one of the largest banks in the Sultanate of Oman. Currently Oman Arab Bank (OAB) operates more than 65 branches and representative offices, and […]

EQUATE recognised for developing top Middle East treasury solution

Integrated financial systems have earned EQUATE Petrochemicals Company, a global producer of petrochemicals that operates in Kuwait, the award for ‘Best in Class Treasury Solution in the Middle East’ at the Adam Smith Awards 2018 organised by Treasury Today. Through the efforts of EQUATE’s treasury, the world’s second largest producer of ethylene glycol went from […]

Gulf Bank launches new branch manager scheme at tech university

Gulf Bank has launched its Branch Manager Program at the PACE centre, part of the Gulf University for Science and Technology (GUST) in Kuwait. The tailored programme aims to enhance Gulf Bank’s retail banking branch managers’ holistic banking skills by expanding their knowledge of the wider banking landscape to better serve the banks’ customers. It […]