KIB emphasizes the importance of saving and investing as core elements of a secure banking experience
It is worth noting that KIB diligently strives to provide its customers with a smoother, more efficient, and secure banking experience that aligns with their modern lifestyles and supports its leading role in enriching the banking sector with solutions and products. This is backed up by the Bank's comprehensive strategy which is focused on offering a more advanced and luxurious experience, reflecting its main slogan, 'Bank for Life'.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Bawaba
5 days ago
- Al Bawaba
KIB promotes financial awareness and banking literacy among visitors of Assima Mall through its interactive booth
Kuwait International Bank (KIB) launched an on-ground initiative to promote financial awareness through its dedicated booth at Assima Mall, as part of its ongoing efforts to support the 'Let's Be Aware' (Diraya) campaign launched by the Central Bank of Kuwait (CBK) and the Kuwait Banking Association (KBA), in cooperation with local a reflection of its commitment to promoting banking literacy across all segments of society, KIB's booth offered an interactive experience for mall visitors, allowing them to access valuable financial information and guidance in a simplified and comprehensive on the occasion, Mariam Al-Nasser, Head of Branches and Premier Banking at KIB, said: 'Our presence at Assima Mall reflects our ongoing commitment to direct engagement with the community and to promoting financial empowerment, especially amid the growing use of digital banking services. Through our participation in the 'Let's Be Aware' campaign, we are keen to deliver meaningful awareness messages that help enhance individuals' financial literacy, introduce them to our banking products and solutions, and inform them of the best ways to protect their personal data.'She added: 'Our booth saw strong engagement from visitors, as we focused on offering tips to help avoid financial fraud, encouraging smart saving habits, and promoting the safe use of digital services, especially given the growing reliance on digital platforms. We also made it a point to engage with diverse groups such as youth and families, helping them understand how banking services are intertwined with their daily lives and financial futures. The booth also provided an opportunity for visitors to learn about the principles of Islamic finance, the benefits of saving and investing, and how to build a secure financial future. Additionally, we showcased a range of KIB's innovative, Sharia-compliant solutions designed to help customers achieve their financial goals and meet their ongoing needs.' It is worth noting that KIB continues to strengthen its role as a trusted financial partner through its ongoing commitment to banking awareness and the launch of community initiatives aimed at building a secure financial environment. These efforts align with the Bank's comprehensive corporate social responsibility strategy and support the goals of the 'Let's Be Aware' campaign, reflecting its continued dedication to being a true 'Bank for Life.'
Roya News
25-06-2025
- Roya News
World Bank approves $146 million grant to rebuild Syria's power sector
The World Bank on Wednesday approved a USD 146 million grant to Syria aimed at rehabilitating the war-torn country's electricity sector and supporting its economic recovery after years of conflict. According to a statement by the Bank, the funding comes from the International Development Association (IDA) and will be used to implement the Syria Emergency Electricity Project (SEEP), which seeks to repair damaged infrastructure and improve the stability of the national power grid. The project includes the rehabilitation of high-voltage transmission lines and substations, particularly those connecting Syria regionally with Jordan and Turkey. It will also provide technical assistance for power sector development and support institutional reforms and investment planning. The project will be implemented by Syria's General Electricity Transmission and Distribution Corporation in coordination with an international consultancy, while the World Bank will oversee the process through an external monitoring body 'to ensure compliance with environmental and financial standards,' the statement said. Commenting on the grant, Syrian Finance Minister Yasar Barnieh said electricity is a 'key investment for economic growth, service delivery, and improving livelihoods.' 'This project marks Syria's first cooperation with the World Bank in nearly four decades, and we hope it will pave the way for a broader support program to aid Syria's path toward recovery and sustainable development,' he added, according to the statement. Syria faces a severe electricity crisis as a result of the war, with daily supply limited to two to four hours. Most power stations have been damaged, and production has fallen to around 1,300 megawatts—far below the pre-war capacity of 9,000 megawatts. On May 29, Syria signed a USD 7 billion agreement and memorandum of understanding with a consortium of international companies to develop its energy sector. The deal includes plans to generate 5,000 megawatts of electricity through four gas-fired power plants.
Saraha News
25-06-2025
- Saraha News
Bank ABC named ‘Best Digital Bank' and ‘Best Bank for Sustainable Finance' in Bahrain at Euromoney Awards for Excellence 202
Sarha news-Bank ABC, one of MENA's leading international banks, was awarded two prestigious awards for groundbreaking innovation in its corporate banking offering and driving impact in the region's sustainable finance landscape in the country Manama, Bahrain: Bank ABC has been recognised as the 'Best Digital Bank' and 'Best Bank for Sustainable Finance' in Bahrain at the Euromoney Awards for Excellence 2025, held in Dubai on 20 May. The accolades highlight the Bank's transformative approach to corporate banking and its growing leadership in the sustainable finance landscape A delegation from Bank ABC received the awards at the high-profile ceremony, which also saw wins for its subsidiaries – Bank ABC Islamic and ila Bank, the Group's digital mobile-only bank, reinforcing the Group's collective innovation and impact With over four decades of experience across frontier and emerging markets, Bank ABC continues to redefine financial services through an ambitious digital transformation and sustainability-led growth strategy. These double wins stand as a testament to the Bank's commitment to delivering cutting-edge financial solutions while accelerating the transition to sustainable operations across its global network Commenting on the recognition, Sael Al Waary, Group CEO of Bank ABC, said: 'We are honoured to be recognised by Euromoney as Bahrain's Best Digital Bank and Best Bank for Sustainable Finance. These awards reaffirm our position as a leader in innovation and underscore our responsibility to shape a more sustainable future. As we empower our clients with innovative digital capabilities, we remain equally committed to enabling their transition to future-proof, purpose-driven businesses. I sincerely thank Euromoney for this recognition and my colleagues across the Bank ABC Group for their dedication to building MENA's international bank of the future' Bank ABC's ongoing digital evolution has redefined the benchmark for wholesale banking in the region. Leveraging deep market insight and tailored financial solutions, the Bank supports clients across strategic sectors including logistics, petrochemicals, and technology, among other sectors With innovation at the core of its strategy, Bank ABC has made significant strides in digital banking, AI-driven automation, and blockchain integration. The Bank's Wholesale Banking Corporate Portal delivers a reimagined corporate banking experience, offering clients a personalised, AI-powered interface that provides a seamless access to products and services – alongside actionable insights for smarter financial decisions. Ben Naylor, Global Head of Research at Euromoney commented, 'Bank ABC's transformative digital strategy and innovative solutions were especially impressive. Its launch of an AI-powered corporate portal and enhanced trade finance platform, added significant efficiencies for clients. It also enhanced its cross-border payments and FX services, and notably upgraded its AI assistant.' On the sustainable finance front, Bank ABC has demonstrated a clear commitment to embedding Environmental, Social and Governance principles across its value chain. The Bank's Sustainability Strategy is driving meaningful progress towards an inclusive, low-carbon economy, while supporting clients in their transition to more responsible business models. Further highlighting the Bank's leadership, Ben Naylor added, 'A comprehensive ESG strategy, executive-driven governance, and impactful initiatives like green sukuk issuance and renewable energy financing saw Bank ABC recognised as Bahrain's leader in sustainable finance. Its workforce training, long-term environmental goals, and commitment to clean energy underscored its commitment to the sector.' The Euromoney Awards for Excellence is one of the industry's most authoritative and respected awards programmes, recognising world-class financial institutions that demonstrate innovation, leadership and meaningful impact in banking.
