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Kuwait announces launch of $200mn technological funding

Kuwait has announced the launch of an initiative to form a $200 million fund for investments in technology. Kuwaiti Deputy Prime Minister and Foreign Minister, Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, made the announcement at an Arab Economic Summit held in Beirut. The minister said the ‘economic co-operation’ of Arab countries should be the region’s primary […]


NBK launches NBK Direct Remit for immediate cross-border transactions

The National Bank of Kuwait (NBK) has launched NBK Direct Remit for cross-border live payments. The system uses RippleNet’s enterprise Blockchain technology solution to provide customers with a frictionless remittance experience and fast cross-border money transfer solutions. NBK Direct Remit is a fast remittance service available online 24/7 for all customers. The bank, which offers […]


Ooredoo to manage disaster recovery datacentre for Boursa Kuwait

As part of its ongoing commitment to provide a secure, robust and cost-effective market place infrastructure, which ensures the continuity of the operations key services in the case of disasters, Boursa Kuwait has signed an agreement with Ooredoo Kuwait, to host the stock exchange’s disaster recovery (DR) datacentre. The signing ceremony was held at the […]


Central Bank of Kuwait outlines fintech initiatives

The Central Bank of Kuwait has announced that it is embarking on a ‘long list’ of initiatives aiming to revamp and upgrade the IT infrastructure of the country’s financial systems. Details of the initiatives were outlined in a speech by H.E. Dr. Mohammad Y. Al-Hashel, Governor, Central Bank of Kuwait at the Global Informatics Forum, held […]


Siemon introduces TERA Category 8.2 copper cabling system

Siemon, a leading global network infrastructure specialist, has announced the launch of its end-to-end TERA Category 8.2 copper cabling system, delivering transmission performance up to 2GHz to support emerging high-speed 25 and 40 Gigabit (25/40GBASE-T) applications in data centre switch-to-server applications. Siemon’s TERA Category 8.2 system includes cable, patch cords, connectors and pre-terminated cable assemblies. The […]


Gulf Bank, Kuwait, launches new website with Khayal Consultants

Gulf Bank is one of the largest leading banks in Kuwait with a broad offering of consumer banking, wholesale banking, treasury and financial services. Gulf Bank’s website serves thousands of visitors from Kuwait and the Gulf region every day. In the recent few years, the bank has observed an increase of traffic from mobile devices. […]


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 […]


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