National Bank of Kuwait (NBK) has introduced a new online payment confirmation service via its Mobile Banking App, eliminating the need for OTPs. Named NBK Secure Shopping, this service enhances the security and convenience of online transactions for cardholders, reinforcing NBK’s commitment to digital innovation and customer service.
Kem, Kuwait’s fast-growing P2P payment app, has received a $3 million investment from Tether to boost regional adoption of USD₮. This partnership aims to enhance digital financial services in the Gulf, supporting economic stability and broadening access to financial systems for underserved businesses and individuals.
Ooredoo Kuwait has launched “Home Internet,” a new service providing tailored home networking solutions with enhanced speed, coverage, and stability. Featuring packages like MESH, FIBER+, and ProPing for gamers, the service leverages 5G technology to meet diverse household needs, ensuring seamless connectivity for work, learning, and entertainment.
Tether has invested $3 million in Kuwait’s Kem App to expand digital financial services in the Middle East. This partnership aims to boost regional adoption of USD₮ and enhance access to decentralized finance. The collaboration marks a significant step in transitioning the Gulf region into a digital cash economy, promoting financial inclusion and stability.
Ooredoo Kuwait has launched “Home Internet,” a cutting-edge home networking solution offering reliable, high-speed internet tailored to meet diverse household needs. With packages like MESH, FIBER+, and ProPing for gamers, Ooredoo integrates 5G technology to enhance connectivity, supporting smart homes, remote work, and entertainment. This launch positions Ooredoo as a leader in Kuwait’s digital transformation.
Kuwait has launched securities-based crowdfunding platforms to diversify financing for small projects through licensed digital platforms. This initiative, led by the Capital Markets Authority, marks a significant step in advancing Kuwait’s financial markets, promoting fairness, competitiveness, and transparency, and supporting the country’s digital infrastructure and entrepreneurial growth.
Ooredoo Kuwait, in collaboration with FASTtelco and the Kuwaiti Ministry of Information, celebrates over 6 million views on the digital platform [51], marking a significant milestone in digital entertainment. Launched as a trial, [51] showcases Kuwaiti media on a global scale, aligning with “Kuwait Vision 2035.”
stc has partnered with MEW to supply 500,000 smart electricity meters in Kuwait, supporting the country’s Vision 2035. This project aims to enhance energy efficiency, reduce wastage, and improve electricity management. The collaboration underscores stc’s commitment to digital transformation and sustainable development in Kuwait.
Ooredoo Kuwait, in collaboration with CITRA, has launched the “Kashef” service to enhance caller identification and communication security in Kuwait. This service aims to provide users with verified caller information, reducing spam and fraudulent calls, and improving overall telecommunications reliability and trust.
Kuwait’s National Mobile Telecommunications Company (Ooredoo) reported a 9% increase in consolidated revenue for the first half of 2024, reaching KD346 million ($1.1 billion). The growth was driven by strong performance in Kuwait, Maldives, Tunisia, and Algeria. The customer base grew by 4% to 25.5 million, and EBITDA increased by 8% to KD125 million. Net profit attributable to NMTC decreased to KD25 million due to a one-time gain in H1 2023, but excluding this gain, net profit would have been 23% higher.
