Commercial Bank of Kuwait taps Zain for data center services
Commercial Bank of Kuwait (CBK) has teamed up with telecom company Zain to offer cloud solutions and data center services.…
28 Oct 2019
Abu Dhabi Commercial Bank to retreat from Kuwait and Qatar
UAE-based Abu Dhabi Commercial Bank (ADCB) has decided to bid adieu to Qatar and Kuwait and instead focus on its home market. The Abu Dhabi-headquartered lender has already started the…
28 Oct 2019
13 Sep 2019
Kuwait Finance House plans to acquire Bahrain’s AUB in $8.8bn deal
Kuwait Finance House has placed an $8.8bn offer to acquire Bahrain’s Ahli United Bank (AUB) through a share swap deal. According to a Bloomberg report, the Kuwaiti lender has approved…
13 Sep 2019
30 Jul 2019
Al Ahli Bank of Kuwait enables automation with EdgeVerve alliance
Al Ahli Bank of Kuwait (ABK) has tapped Infosys unit EdgeVerve Systems to support automation of business processes. The bank will utilise AssistEdge Robotic Process Automation, which offers integrated software robots to…
30 Jul 2019
01 Feb 2019
Commercial Bank of Kuwait taps TrueConf to launch virtual banking system
Commercial Bank of Kuwait has deployed TrueConf’s video banking system in a step to connect remote bank branches with the headquarters. The deployment will enable the bank to create a…
01 Feb 2019
25 Jan 2019
Kuwait Finance House may offer 35% premium to acquire Bahrain’s AUB
Kuwait Finance House is planning to offer nearly 35% premium to acquire Bahrain’s Ahli United Bank (AUB) through a share swap deal, Bloomberg has reported. The Kuwait-based lender is expected…
25 Jan 2019
04 Jan 2019
National Bank of Kuwait launches SWIFT gpi services
National Bank of Kuwait (NBK), in collaboration with ACI Worldwide, has launched SWIFT Global Payments Innovation (gpi) services for its customers. SWIFT gpi community, which now includes nearly 300 banks,…
04 Jan 2019