Gulf Insurance Group announces Net profit of KD 12.6 million (US$ 41.1 million) for the first half of 2025
The Group extended its gratitude to its customers, shareholders, namely FAIRFAX, and board members for their continued trust in the Group's strategy, further thanking employees for their dedication and efforts and all the concerned authorities in the State of Kuwait for their continuous cooperation to develop the Kuwaiti insurance sector.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Bawaba
7 hours ago
- Al Bawaba
Over 4.3 million guests visit Sheikh Zayed Grand Mosque Centre in 2025
ABU DHABI, 17th August, 2025 (WAM) -- The Sheikh Zayed Grand Mosque Centre in Abu Dhabi witnessed a significant increase in visitor numbers during the first half of 2025, welcoming a total of 4,346,831 guests, marking a 5 percent growth compared to the same period in 2024, reaffirming the mosque's position as a leading religious and cultural destination on the global stage. The guest count included 1,948,482 worshippers and fasting guests, 2,355,165 visitors from various nationalities, and 43,184 users of the Mosque's Jogging Track. The mosque hosted 127,672 worshippers during Friday prayers, 346,671 during daily prayers, and 575,372 during the holy month of Ramadan and Eid Al-Fitr. Notably, the mosque recorded its highest number of worshippers on the 27th night of Ramadan (25 March 2025), with 72,710 worshippers, including 11,483 for Taraweeh prayers and 61,050 for Tahajjud prayers, in an atmosphere of serenity and spiritual reflection. As part of the 'Our Fasting Guests' initiative, the Centre collaborated with the Erth Zayed Philanthropies and its strategic partner Erth Hotel to distribute Iftar and Suhoor meals. The hotel prepared approximately 2.6 million meals, of which 898,767 were distributed at Sheikh Zayed Grand Mosque in Abu Dhabi, 442,345 at Sheikh Khalifa bin Zayed Grand Mosque in Al Ain, 1,160,000 in labour cities across Abu Dhabi, and 105,935 in various areas of the Emirate. During the Eid Al-Adha holiday, the mosque welcomed 96,497 guests, including 41,385 worshippers—12,740 of whom performed Eid prayers—54,751 visitors, and 361 Jogging Track users. The number of vehicles that used the mosque's parking facilities reached 988,411. According to the Centre's statistics, 82 percent of visitors came from outside the UAE, while 18 percent were UAE nationals and residents. This reflects the mosque's growing prominence as a global cultural tourism landmark. In terms of regional distribution, Asia accounted for 49 percent of visitors, followed by Europe with 35 percent, North America with 10 percent, Africa with 3 percent, South America with 2 percent, and Australia with 1 percent. The top visiting countries were India (20 percent), China (9 percent), Russia (8 percent), USA (7 percent), Germany (4 percent), followed by France, UK, Italy, Philippines, and Poland, each contributing 3 percent of the total visitors. The Centre's Cultural Tour Specialists conducted 2,363 cultural tours, introducing guests to the mosque's message of peace, tolerance, and cross-cultural dialogue. The Centre also received 826 official delegation bookings, including 196 high-level delegations. These included visits from 6 Heads of State, 1 Vice President, 6 Prime Ministers, 4 Parliament Speakers, 1 Deputy Speaker, 3 Governors, 4 Sheikhs and Princes, 44 Ministers, 16 Deputy Ministers, 25 Ambassadors and Consuls, 52 Military Delegations, and 34 delegations from various official entities. To enhance the visitor experience, the Centre provided over 70 electric vehicles to transport worshippers from parking areas to prayer halls, prioritising the elderly and People of Determination. Additionally, more than 3,515 comfortable seats were provided for their comfort and 50 wheelchairs were made available to facilitate movement within the mosque. The Centre continued to enrich its offerings with innovative experiences, including public cultural tours, 'Unseen Glimpses' tours via electric vehicles, Souq Al Jami', the Jogging Track, and Night Cultural Tours (Sura Tour) available 24/7. The 'Sura' experience was designed specifically for transit passengers and those with limited time during their stay in Abu Dhabi. Furthermore, the Centre offers 'El-Delleel', a multimedia guide device that provides virtual cultural tours in 14 languages, including a sign language tour for the hearing impaired and child-friendly tours, ensuring an inclusive and enriching experience for all visitors.
Al Bawaba
7 hours ago
- Al Bawaba
Sharjah Islamic Bank Holds First Draw of 'Millionaire' Campaign and Announces Winner of BMW XM
Sharjah Islamic Bank (SIB) has conducted the first draw of its 'Millionaire' Campaign, the largest promotional campaign in the Bank's history and one of the most prominent savings initiatives in the UAE banking sector. Launched on July 1, 2025, and running until July 2026, the campaign will distribute prizes worth AED 20 million, reflecting SIB's commitment to rewarding customer loyalty and promoting a culture of saving and smart first draw was held at SIB's headquarters in the presence of representatives from the Sharjah Department of Economic Development, alongside a number of the Bank's executives and employees, in a celebratory atmosphere that underscored SIB's dedication to delighting customers and honoring their the 'Millionaire 2025' Campaign, SIB reaffirms its ongoing commitment to supporting community-oriented saving habits. The campaign aligns with SIB's strategy to promote sound financial behaviour across all segments of society by offering smart saving solutions backed by tangible incentives. These efforts aim to help individuals build a more stable financial future while reinforcing SIB's pledge to launch large-scale savings campaigns that are substantial in both value and rewards. This approach reflects the Bank's mission to deliver exceptional banking experiences, reward loyalty, and encourage prudent investment, while recognizing customers' dedication to growing their savings safely and 20 Million in PrizesThe 'Millionaire' Campaign offers an impressive lineup of prizes totaling over AED 20 million to be awarded throughout the year.. The campaign features eight grand cash prizes of AED 1 million each, awarded quarterly, with four prizes dedicated to UAE nationals. It also celebrates national and religious occasions with four major seasonal prizes worth AED 2 million cash rewards, the campaign includes eight luxury BMW XM vehicles to be awarded through periodic draws, adding an exceptional incentive for participants. Additionally, monthly cash prizes ranging from AED 500 to AED 5,000 will be awarded to over 40 winners every month, significantly increasing participants' chances of Prizes and BMW XM Headline July DrawDuring the first draw, SIB announced the names of the July winners, which included a variety of cash prizes: 25 participants won AED 500 each, 10 participants won AED 1,000 each, and 5 winners received AED 5,000 each. The highlight of the draw was the grand prize, a luxury BMW XM, awarded to Ms. Fida Hassan Ahmed, marking a strong start to the campaign and heightening anticipation for upcoming Opportunities Still OpenSIB invites all current and new customers to open savings accounts or increase their savings balances to ensure automatic entry into the upcoming draws and enjoy the many benefits of the account, such as easy access to funds, competitive profit rates, and valuable cash prize opportunities. To make participation accessible to everyone, the Bank offers flexible and convenient ways to open a savings account, through the SIB Digital app, by sending the word 'Millionaire' via SMS to 6667, through SIB's website ( or by calling 065999999. For every ten thousand dirhams saved, customers earn an entry into the upcoming draws, making the savings account a practical gateway to achieving dreams and reinforcing SIB's position as a leading institution in the UAE banking sector.
Al Bawaba
8 hours ago
- Al Bawaba
MKF Successfully Concludes 2025 'Ithra' Summer Programs for Ages 10–16
AlMabarrah AlKhalifia Foundation (MKF) has successfully concluded its 2025 Ithra Summer programs, which ran from June to August and included: Ithra Buds, Ithra Young Leaders, and Ithra Youth. The programs reflect the Foundation's commitment to equipping young Bahrainis with the skills and knowledge to meet the demands of the future, while fostering personal growth and community engagement. This year's edition targeted three distinct age groups: 10–12, 13–14, and 15–16. Each track adopted a comprehensive, hands-on approach encompassing accredited workshops, field visits, interactive challenges, training camps, sports days, and artistic and community projects. The content focused on future-ready skills, artificial intelligence, self-discipline, creative thinking, entrepreneurship, arts, and financial literacy, all aimed at preparing participants for the next phase of technological and global advancement. Notably, 2025 marked the launch of Ithra Youth for participants aged 15–16, designed to develop leadership skills, build self-confidence, and strengthen understanding of artificial intelligence. The initiative achieved a participation rate exceeding 90%, reflecting its appeal and effectiveness. All program content was developed based on surveys and interviews with the target groups to ensure alignment with the actual needs of Bahraini youth. The workshops were designed to integrate the United Nations Sustainable Development Goals (SDGs), with activities delivered year-round during academic breaks as well as other intervals. Commenting on the occasion, H.H. Shaikha Zain bint Khalid Al Khalifa, Chairperson of the Board of Trustees at MKF, stated, 'The measurable impact of our Ithra programs reflects our commitment to providing an environment where young people can explore their potential and build their skills for future success. They are a core part of our summer initiatives, which also include the 'Job Shadowing' and 'Training Camp' initiatives. We are proud of this ambitious generation and remain dedicated to introducing exceptional opportunities that enrich their educational journey.' To deliver the programs, MKF partnered with more than nine prominent professional and educational entities, including the Child Protection Unit at the Ministry of Interior, the Bahrain Space Agency, the National Bank of Bahrain, Pro Boxing Ladies Studio, Vanilla Café, and Bon Coffee, owned by Ms. Najiba Bousnan. The Foundation also collaborated with a number of distinguished figures such as H.H. Shaikh Turki bin Hamad Al Khalifa, H.H. Shaikh Mohamed bin Khalifa Al Khalifa, Ms. Donya Madara, Ms. Nayla Al Kaabi, and journalist Yousif Ahmed. Established in 2011 as a licensed and registered non-profit organization licensed by Bahrain's Ministry of Labor and Social Development, MKF seeks to create a positive social impact in education and youth empowerment. The Foundation works to maximize the potential of Bahraini youth through workshops and training initiatives that provide them with the knowledge, skills, and experiences needed to excel personally and professionally, while contributing to Bahrain's broader development goals. For more information on MKF's youth programs, please contact 17499909, email ithra@ visit or follow the Foundation's official social media accounts.
