NEWS
Commercial Bank of Kuwait partners with Network International to transform digital banking
Commercial Bank of Kuwait , Al-Tijari and
Network International , Network , the enabler of digital commerce across the Middle East and Africa region , announced an intent to strategically collaborate to significantly enhance Al-Tijari ’ s ongoing digital transformation and payment innovation initiatives .
The partnership marks a significant milestone in the digital transformation journey of Al-Tijari , the second oldest and one of the financial institutions in Kuwait . Al-Tijari will leverage Network ’ s cuttingedge technology and expertise in endto-end issuer processing capabilities , including fraud detection and prevention , tokenisation , cardholder self-serve application , advanced authentication , and instant issuance , among other services , to offer its customers progressive and innovative digital experiences .
Network International ’ s local and regional expertise in digital payments and financial inclusion aligns perfectly with Al-Tijari ’ s vision . This partnership represents a substantial advancement in Kuwait ’ s digital banking sector and affirms the shared dedication of both institutions to providing innovative financial services in the region .
Commenting on the partnership , Sheikh Ahmad Duaij Al-Sabah , Chairman of Commercial Bank of Kuwait , said :
“ Commercial Bank of Kuwait has a rich history of innovation and excellence in banking services that positions us among international banking standards . The partnership with Network International strengthens our leadership in the industry and signifies our ongoing commitment to our valued customers .”
Abdulaziz Al Zaabi , General Manager , Retail Banking Division , at Commercial Bank of Kuwait , added : “ With this partnership , Commercial Bank of Kuwait aims to leverage Network ’ s vast knowledge and global experience in creating cutting-edge Card Payment solutions .”
Nandan Mer , Group Chief Executive Officer of Network International , commented , “ As a preferred partner for several diverse financial institutions in the MEA region , we are excited to contribute our proven expertise in digital payment solutions to this dynamic partnership .”
Huawei ’ s ICT Competition attracts 27,500 students , 600 universities , 21 countries
Winning student teams of the regional finals of the Huawei ICT Competition 2023 – 2024 Middle East and Central Asia , were felicitated at a grand closing and awarding ceremony on in Manama , Bahrain .
Hosted under the patronage of His Highness Shaikh Nasser bin Hamad Al Khalifa , His Majesty the King ’ s Representative for Humanitarian Work and Youth Affairs , and in partnership with Bahrain ’ s Ministry of Transportation and Telecommunication and the University of Bahrain , the ceremony was held at the University of Bahrain .
This year , the grand prize for the Network Track went to a team of students from Pakistan , while Qatari students secured the grand prize in the Cloud Track , and the grand prize for the Computing Track was given to students from Kazakhstan .
All the winners received their trophies and prizes from His Highness Shaikh Nasser bin Hamad Al Khalifa , and Steven Yi , President of Huawei Middle East and Central Asia . All the participating students in the regional finals received internship opportunities at the Huawei offices in their respective home countries .
The seventh edition of Huawei ’ s flagship ICT talent development initiative witnessed the highest level of participation since the competition ’ s launch in 2017 . More than 27,500 students from over 600 universities across 21 Middle Eastern and Central Asian countries participated in this year ’ s Middle East and Central Asia Huawei ICT Competition .
Twenty-two national final teams , consisting of 66 students and 20 tutors , from 11 Middle Eastern and Central Asian countries , including
Bahrain , Pakistan , Iraq , Saudi Arabia , Lebanon , Jordan , Kazakhstan , Qatar , Kuwait , UAE , and Oman , qualified for the regional finals . These national finalists participated in exams , field trips , and workshops in Bahrain . The competition has garnered support and endorsement from UNESCO . p
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