Warba Bank wins first place in final round of the second GR Yaris Cup
Held in Kuwait with the participation of racers from both Kuwait and Qatar, the cup concluded last weekend and witnessed exceptional performances from the talented young drivers, as Warba Bank celebrated this national achievement as a testament to the dedication and potential of Kuwaiti youth, an achievement that aligns with the bank's social responsibility and its vision to empower the youth and support them across diverse fields.
Warba Bank's sponsorship of the cup affirms its ongoing commitment to supporting sports initiatives that showcase the passion, discipline, and advanced skills of Kuwaiti youth. These platforms provide young individuals with the opportunity to compete, grow, and realize their ambitions in a stimulating environment.
On this occasion, the Chief Marketing and Corporate Communication Officer at Warba Bank, Dr. Mohammad Barakat, said, 'We are proud to have supported this outstanding sporting event, which reflects the spirit of competition and enhances Kuwait's reputation on the regional sports stage. This victory underscores the importance of investing in youth and providing them with opportunities to express their full potential, an objective that Warba Bank continues to uphold through its diverse initiatives focused on human development and empowerment.'
Dr. Barakat concluded by congratulating the winners, organizers, and all participants, reaffirming Warba Bank's ongoing support for initiatives that combine excellence and innovation.
He added, 'This cup reflects the values we believe in at Warba Bank, values captured in our slogan: 'We Hear You, Let's Own Tomorrow.''
Warba Bank places a strong emphasis on its social responsibility, demonstrated through its consistent support for initiatives that leave a positive and lasting impact on society. Warba is particularly focused on empowering the youth by investing in their creative, professional, and athletic potential. It also sponsors events that combine innovation and excellence, whether in education, technology, or sports, believing that investing in youth is a direct investment in the future of Kuwait.
The bank's support for events such as the GR Yaris Cup aligns with its vision of enabling local talent and fostering a spirit of competition, creativity, and achievement among the next generation.
Building a Better Tomorrow
Guided by its slogan 'We Hear You, Let's Own Tomorrow,' Warba Bank remains committed to setting new standards for the future of Islamic banking. Through digital innovation, service excellence, and sustainable development, the Bank is reshaping customer experience while promoting a comprehensive and inclusive financial system.
With one of the largest shareholder bases and being one of the fastest-growing Islamic banks in Kuwait, Warba continues to reinforce its position as a trusted partner for individuals and businesses alike. Its notable success in a short period has positioned it at the forefront of digital Islamic banking, offering Sharia-compliant products and services that are accessible, innovative, and aligned with the aspirations of a modern society.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Kuwait Times
15 hours ago
- Kuwait Times
Indonesian envoy invites Kuwaiti investment; trade steadily grows
Indonesia seeks to supply skilled nurses to Kuwait: Maryana KUWAIT: Indonesian Ambassador Lena Maryana praised the progress in Indonesia–Kuwait cooperation across politics, trade, investment, culture, and humanitarian efforts. Speaking to media ahead of her country's 80th Independence Day, she highlighted the steady growth in bilateral trade, which amounted to $547.5 million in 2024. Maryana also pointed to Kuwait's participation in negotiations toward a Free Trade Agreement between Indonesia and the GCC. 'Indonesia deeply values the strong leadership of His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah and the Government of Kuwait. Together, we are confident that our partnership will continue to grow, bringing prosperity and welfare to both nations,' the ambassador said. Growing workforce The ambassador underlined the growing demand for Indonesian workers in Kuwait. 'On average, around 4,000 job orders are submitted to our Embassy each year. We are ready to send more skilled and professional workers across various fields,' she said. She also confirmed that the deployment of Indonesian nurses to Kuwait is expected soon through government-to-government cooperation. 'It is coming, inshallah, very soon. The Ministry of Health is now directly recruiting nurses from Indonesia,' she said. In addition to the health sector, Indonesian workers contribute to various fields in Kuwait. In recent months, 37 Indonesian engineers have joined Kuwait's workforce, she said. 'Kuwait is also home to over 6,000 Indonesian citizens, many of whom contribute to healthcare, oil and gas, hospitality, and manufacturing sectors. The Indonesian Embassy continues to work closely with Kuwaiti authorities to promote fair labor practices and strengthen worker protection,' she added. Maryana emphasized her country's desire to strengthen its partnership with Kuwait in humanitarian projects across Indonesia. 'Several schools and development programs in rural areas were established with support from Kuwaiti charity organizations. We believe this cooperation can be further strengthened to benefit those in need, ' she said. An invitation to invest Maryana confirmed discussions with Kuwait Airways to resume direct flights to Jakarta, saying: 'Kuwait Airways used to fly directly to Jakarta until 2015. Last year, both sides agreed to increase flights from four times a week to daily, but with the cabinet change in Indonesia, negotiations need to restart. We hope to finalize this soon.' Regarding tourism, she said: 'By the end of 2024, around 5,090 Kuwaitis visited Indonesia. In just the first half of 2025, 581 Kuwaiti tourists had already traveled to our country.' Upcoming visits are also planned, she said. 'In October, a delegation from Jambi Province, Sumatra, including business leaders, is expected in Kuwait,' said Maryana. She also underlined the significance of Indonesia's newly launched sovereign wealth fund, Danantara (Daya Anaga Nusantara Indonesia), which manages $1 trillion in assets. 'Indonesia warmly invites Kuwaiti investors to explore opportunities in our priority sectors — minerals, energy, digital infrastructure, healthcare, financial services, industrial estates, and agriculture,' she added. On Indonesia's capabilities, the ambassador pointed to the country's advanced industries, including aircraft manufacturing, defense production, and vaccine development. 'Our state-owned companies produce military vehicles, helicopters, ammunition, ships, and even submarines. During the pandemic, we developed our vaccine to serve our 280 million people,' she explained. The ambassador highlighted Indonesia's progress in democracy and gender representation: 'Our National Assembly now has 580 members, and we have introduced a quota system that ensures 30 percent women's representation.' This year also marks the first year of the Red and White Cabinet led by President Prabowo Subianto and Vice President Gibran Rakabuming Raka. The Indonesian government has launched its 2025–2029 National Medium-Term Development Plan, the first stage of the long-term agenda Indonesia Emas 2045 (Golden Indonesia), focusing on poverty reduction, human resource development, and sustainable economic growth. As Indonesia marks its 80th Independence Day on Sunday, Maryana said the embassy plans to host an 'Indonesian Night' festival to commemorate Indonesia's Independence Day, involving community cultural and sports activities. Held under the national theme 'United Sovereignty, Prosperous People, and Advanced Indonesia', Maryana said this year's Independence Day celebration reflects the spirit of the Indonesian people to remain united. 'This theme aligns with Indonesia's grand vision and represents our determination to build a prosperous and advanced nation while preserving our national motto Bhinneka Tunggal Ika — Unity in Diversity,' she said.
Kuwait Times
19 hours ago
- Kuwait Times
Municipal sweep targets illegal property modifications in Kuwait
Use of parking basements as storage remains top violation in residential buildings KUWAIT: Kuwaiti municipal authorities are stepping up inspections of residential and investment properties, targeting violations that officials say threaten public safety and distort the city's urban landscape. Among the most common violations found are converting basements — originally designed for parking or building services — into makeshift storage areas, said Ibrahim Ayad Al-Azmi from the municipality's Engineering Audit and Follow-up Department. 'These spaces are meant to serve residents, either as parking or service facilities, but we're finding them packed with furniture, chemicals, paints, and even food products stored without refrigeration,' he told KTV news channel. 'All of this violates safety regulations.' Al-Azmi warned that such storage practices heighten fire risks, especially when flammable materials are involved. Even food storage poses hazards, he said, due to lack of cooling and fire safety systems. A KTV news report last week showed a basement designated for car parking in an investment property used for storing construction materials, including wood panels and ceramic doors. 'Wood in particular poses serious risks in case of fire, making it difficult for firefighters and municipal authorities to protect residents,' Suleiman Al-Otaibi, an engineer from the same department at the Mubarak Al-Kabeer Municipality, told a KTV reporter at the scene. 'The misuse of the basement also affects the building's residents, forcing them to park their cars in the street or the sidewalk, causing congestion.' Al-Azmi said the parking situation puts extra pressure on traffic authorities, who must issue citations for illegal parking, 'and compromises safety for everyone.' The municipality is working closely with the General Fire Force to address the problem. 'About 80 percent of owners respond to warnings and remove violations immediately to avoid penalties,' Al-Azmi said. The remaining 20 percent either apply for corrective permits or are ordered to remove the modifications entirely. The basement issue is part of a wider set of violations the municipality regularly encounters in both private housing and investment properties. Private residential areas are low-density zones reserved for single-family housing, primarily intended for Kuwaiti citizens, where land is distributed through the country's housing welfare program. In contrast, investment housing areas feature multi-unit buildings — such as apartments, duplex villas, and studios — designed for rental or ownership across all floors. In private housing, the most common infractions include exceeding the permitted building size, adding extra floors and dividing properties into multiple rental units — sometimes renting them for single men — which Al-Azmi said can pose social and security concerns. The issue was glaring in Sabah Al-Salem, where Mubarak Al-Kabeer Municipality officials uncovered a rooftop converted into six apartments for single men. 'Older properties frequently have such rooftop encroachments, with unauthorized partitions made from light materials,' said Saqer Al-Enezi, another municipal official. In investment housing, basement conversions top the list, along with unlicensed construction of extra apartments in ground-floor parking areas. Al-Azmi also pointed out a common violation: barricading sections of government-owned desert lots to use for private parking. The practice reflects a shortage of designated spaces for tenants, even though law requires each apartment in investment properties to have at least one parking spot, Al-Azmi reminded.
Arab Times
a day ago
- Arab Times
Kuwait Shrimp Season Revitalizes Markets: Strong Catch and Stable Supply
KUWAIT CITY, Aug 16: With the conclusion of the second week of the shrimp fishing season in Kuwait's economic waters, the Kuwaiti fishing fleet has successfully landed approximately 214 tons of shrimp, 50 tons of various local fish, and 221 tons of imported fish, thereby revitalizing local markets and strengthening the country's fish stocks. Hamoud Al-Hamdi, Shift A Supervisor at Sharq Fish Market, explained that since the start of the fishing season on August 1, the Kuwaiti fleet has caught around 214 tons of local shrimp, 90 percent of which is the Umm Al-Nairah variety. Its prices have ranged between KD 45 and KD 65 per basket, with each basket weighing 23 kilograms. Approximately 50 tons of various Kuwaiti fish were supplied to the market, including around 4.75 tons of Zubaidi fish, with prices ranging between KD 35 and KD 130 per 10-kilogram lot. The prices for Kuwaiti Hamour ranged from KD 20 to KD 65, Balool from KD 11 to KD 18, and Sha'um from KD 25 to KD 66. Regarding imported fish, Al-Hamdi explained that around 52 tons of imported shrimp were brought in over the past two weeks. This included jumbo shrimp priced between KD 85 and KD 110 per basket, and Umm Al-Nairah priced between KD 40 and KD 76 per basket. Approximately 221 tons of imported fish were supplied to the markets. This included Hamour (grouper) priced between KD 17 and KD 58 per basket, Balool priced between KD 4 and KD 21 per basket, and Sha'um ranging from KD 12 to KD 40 per basket. Local fish prices: Umm Al-Nairah shrimp: KD 45-65 per basket; Zubaidi fish: KD 35-130; Balool fish: KD 11-18; Hamour fish: KD 20-65; Sha'um fish: KD 25-66. Imported fish prices: Jumbo shrimp: KD 85-110 per basket; Umm Al-Nairah shrimp: KD 40-67 per basket; Zubaidi fish: KD 35-107; Hamour fish: KD 17-58; Balool fish: KD 4-21; Sha'um fish: KD 12-40. In related news, Vice President of Kuwait Fishermen Union Jaber Al-Ali affirmed that the union is working diligently to provide all types of fresh fish and shrimp on a daily basis, in accordance with the fishing seasons set by the Fisheries Sector at the Public Authority for Agriculture Affairs and Fish Resources (PAAAFR). Al-Ali made the statement during a symposium conducted by union for students attending the 'Blue Pioneer' summer camp, organized by the Regional Organization for the Protection of Marine Environment. He confirmed the commitment of the union to protect the marine environment through its vital role in educating fishermen. He stressed that the members of the union are licensed fishermen using trawls, nets, traps, integrated 'lanjat' and trawlers. He disclosed that the shrimp fishing season in the economic waters of Kuwait started on Aug 1, while the season in regional waters will begin early next month. He said all vessels in the Kuwaiti fishing fleet continue their operations to ensure marine food security for consumers in the country. He asserted that the union, in cooperation with PAAAFR, is regulating the fishing process and maintaining fish stocks in accordance with the laws. He also expressed appreciation for the efforts of PAAAFR, particularly its full support and cooperation with the union in achieving the sustainable development of marine resources. He said this collaboration serves the interests of both fishermen and consumers; as per the directives of Minister of Electricity, Water and Renewable Energy Dr. Subaih Al- Mukhaizeem. He acknowledged as well the cooperation of the Coast Guard General Department with the union, stating that the department ensures maritime security. He praised the efforts of Director General Sheikh Mubarak Al-Sabah and the contributions of various government agencies involved in supporting the fishing sector like the Ministry of Finance, Environment Public Authority, Public Authority for Food and Nutrition, and Ministry of Commerce and Industry.
