The HUAWEI MatePad Pro 12.2" Arrives in Kuwait Setting New Standard for Productivity Tablets
HUAWEI MatePad Pro 12.2' is a tablet for tomorrow, with revolutionary features for productive professionals and designed to unlock every user's creative potential. The new tablet is now available in Kuwait, offering consumers a tablet that combines performance, design, and creativity.
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Al Bawaba
4 hours ago
- Al Bawaba
The HUAWEI MatePad Pro 12.2" Arrives in Kuwait Setting New Standard for Productivity Tablets
Huawei today announced the availability of its latest flagship tablet, the HUAWEI MatePad Pro 12.2', in Kuwait. Featuring a stunning Tandem OLED PaperMatte Display, powerful productivity features and innovative digital art tools, this latest offering from Huawei is designed to cater to both productivity and creativity. As a flagship tablet that marries high-level productivity-boosting features with pro-level creative capabilities, the MatePad Pro 12.2" is set to become a must-have device for users seeking a seamless blend of style and HUAWEI MatePad Pro 12.2' is now available for purchase through Huawei's online store and select retailers in Kuwait starting at KWD 229.9 To provide a worry-free experience, Huawei is offering the HUAWEI Care+ Service, which can be purchased alongside the new MatePad Pro 12.2' features a groundbreaking Tandem OLED display architecture bolstered by PaperMatte Display and nano-level pixel stacking and anti-glare nano-level etching technologies. This allows for a peak brightness of 2,000 nits with HDR support and a contrast ratio of 2,000,000:1, resulting in razor-sharp visuals and comfortable, immersive viewing at all times. It delivers an extraordinary viewing experience that remains sharp and clear, even under the brightest tablet also comes with the HUAWEI Glide Keyboard, which offers a unique 2-in-1 stylus & keyboard design and Studio mode, for laptop-level efficiency. This redesigned keyboard case integrates stylus storage and charging. By simply placing the HUAWEI M-Pencil into the slot, the stylus pairs and charges automatically. The keyboard itself boasts stain-proof materials, making it durable enough to withstand common spills and smudges. The Glide Keyboard also makes it easier to switch between different modes. It's now as easy as flipping open a laptop and doesn't require multiple tablet's HUAWEI M-Pencil (3rd generation) stylus makes it easier than ever to write and sketch on screen, with 16,384 pressure sensing levels, seamless NearLink connectivity, and virtually lag-free performance. HUAWEI MatePad Pro 12.2' comes with productivity-boosting features, like Live-Multitask and PC-level WPS Office, making it ideal for professionals working on the also the GoPaint app for creatively-minded users, which comes with features like the 3D oil painting brush and animations, all of which are easy to use for creative professionals and aspiring amateurs. The new 3D Oil Painting Brush is an innovative tool that replicates the rich layering of oils, watercolours, and acrylics on paper by allowing users to make adjustments to highlight, shadow, secondary colour, pigment fall off, and pigment Animation feature transforms layers into sequential frames, aligning them seamlessly with the animation's flow. Once your painting is complete, simply play it to watch it come alive, layer by layer, frame by Pro 12.2' make digital handwriting smoother than ever, working flawlessly with Huawei Notes, users can enjoy a seamless paperless office experience. The HUAWEI Notes app provides AI Handwriting Enhance, Resource Center, and a wealth of brushes. The Resource Center offers a stunning array of note covers, papers, and stickers, so you can customise your notes to your own style, making them more functional and adding a personal touch. HUAWEI MatePad Pro 12.2' is a tablet for tomorrow, with revolutionary features for productive professionals and designed to unlock every user's creative potential. The new tablet is now available in Kuwait, offering consumers a tablet that combines performance, design, and creativity.
Al Bawaba
5 hours ago
- Al Bawaba
The GCC's Assets Under Management reached USD 2.2 trillion in 2024, representing 9% growth
The GCC's asset management industry grew to $2.2 trillion in Assets under Management (AuM) in 2024, a 9% increase from the previous year, according to the 23rd edition of the Global Asset Management report, titled 'From Recovery to Reinvention' by Boston Consulting Group (BCG). In the retail mutual fund sector, Saudi Arabia and the UAE have been the principal contributors to growth. As for sovereign wealth funds (SWFs), the largest volumes of assets have been managed by major players in Kuwait and Abu Dhabi. Lukasz Rey, Managing Director & Partner and Middle East Head of Financial Institutions at BCG, said: "The next decade's leaders will be those who redefine their future, not just endure challenges. The region's 9% AuM growth in 2024 underscores its rising prominence as a hub for institutional and retail capital. With Saudi Arabia and the UAE anchoring regional momentum, the GCC's strategic diversification and SWF dominance signal a future where local asset managers could rival global giants. Recent market volatility offers a chance for change, prompting asset managers to move from recovery to innovation - reimagining value delivery, client engagement, and business operations.' According to the report, the revenue growth in 2024 was driven by market performance rather than investor inflows, underscoring the industry's vulnerability to external forces. Meanwhile, persistent fee compression, shifts in investor preferences, and digital disruption are pushing firms to redesign their business models, accelerate cost innovation, and sharpen their strategic focus. Mohammad Khan, Managing Director & Partner at BCG, said: 'The GCC's asset management industry has demonstrated remarkable resilience and strategic growth, achieving $2.2 trillion in Assets Under Management (AuM) in 2024. With Saudi Arabia and the UAE driving retail mutual fund expansion and Kuwait and Abu Dhabi leading in sovereign wealth fund dominance, the region is steadily establishing itself as a global financial powerhouse. As highlighted in BCG's research, this growth reflects not only recovery but a strategic pivot towards innovation and operational excellence. The next decade will be defined by asset managers who prioritize client-centric transformation, technological advancement, and leaner business models, positioning the GCC as a formidable force capable of rivaling global industry leaders.' The report highlights three forces reshaping the industry globally: 1. Opportunities to Create New Products in Response to Changing Investor Demands Looking forward, asset managers have two opportunities to win in an evolving product and distribution landscape. First, they can claim a larger portion of a shrinking but important pool of actively managed assets - specifically, in active exchange-traded funds (ETFs), model portfolios, and separately managed accounts. Second, they can mobilize to play a key role in the growing market for delivering private assets to retail clients. Retail access to private markets is an expanding frontier, with semi-liquid private asset funds expanding over five times in four years, surpassing $300 billion. This growth is fueled by the demand for better risk-adjusted returns and solid long-term performance, though challenges include navigating regulatory barriers, simplifying product design, and enhancing investor education. 2. A Critical Need for Consolidation and Digital Transformation Strategic partnerships and M&A are reshaping the landscape as firms race to gain scale, broaden offerings, and build technology capabilities. Those overseeing the largest amount of assets can drive costs down through technological synergies, streamlined operations, and process efficiencies, while those managing less than $300 billion must emphasize leaner models. 3. A Renewed Focus on Cost As asset managers emphasize operational efficiency, enhanced decision making, and client engagement, AI has emerged as a key accelerator. GenAI is transforming process automation and product delivery - especially in complex areas such as illiquid and alternative assets - and is now being deployed across the front, middle, and back offices. Nabil Saadallah, Managing Director & Partner at BCG, said: "While currency adjustments and methodology revisions cloud historical comparisons, the consistency of 9% annual growth across the region and GCC reveals a resilient market. Pension funds and SWFs, led by Saudi and Kuwaiti institutions, are quietly reshaping the region's financial architecture, blending tradition with global asset management rigor. Notably, cost discipline is now a strategic focus with firms prioritizing unique value creation, embracing lean practices, and investing heavily in transformative technologies."
Al Bawaba
7 hours ago
- Al Bawaba
Bank ABC announces results for the period ended 30 June 2025: Net profit attributable to shareholders reaches US$ 152 million
Bank ABC (Arab Banking Corporation B.S.C.) - Bahrain Bourse Trading Code 'ABC' - today announces its financial results for H1 ABC continued its resilient performance, against a backdrop of continuing global economic uncertainty, with an H1 net profit of US$152 million, a 1% headline growth over the corresponding period last year. Adjusted for foreign exchange translation differences, underlying* net profit grew by a robust 9% year-on-year (YOY), reflecting strong and diversified core business performance, underpinned by well-controlled credit costs. The Group's total assets reached a historic US$48 billion, propelled by a combination of core business momentum, FX movements as well as portfolio management activity. The Group continued to maintain healthy capital and liquidity the period, Bank ABC received several prestigious industry awards, including 'MENA Cash Management Bank of the Year' by MEED's MENA Banking Excellence Awards and 'Best Bank for Sustainable Finance' and 'Bahrain's Best Digital Bank' by Euromoney Awards for Excellence. In addition, ila Bank was named 'MENA Retail Bank of the Year' by MEED and 'Bahrain's Best Consumer Digital Bank' by Euromoney. Bank ABC Islamic was also recognized as 'Best Sukuk House in Bahrain' by Euromoney's Islamic Finance ABC's Group Chairman, H.E. Naji Belgasem remarked, 'The Group delivered strong results in the first half of 2025, particularly given the turbulent geopolitical environment that prevailed during this period. This stands testament to Bank ABC's diversified business model and focused execution of the strategy, which allows it to leverage market opportunities across the Group's international franchise while maintaining focus on balance sheet health. Business pipelines are strong, supporting confidence in revenue momentum and delivery of sustained value for all our shareholders over the remainder of the year.' Detailed summary of the Financial Results is explained below:Q2 2025 Performance Highlights Consolidated net profit attributable to the shareholders of the parent, for Q2 2025 was US$76 million, +1% higher compared to US$75 million reported for the same period last year, on a headline basis. Underlying* growth in net profit, adjusted for FX impact was+5%. Earnings per share for the period was US$0.024, in line with the same period last year. Total comprehensive income attributable to the shareholders of the parent was a positive US$99 million as compared to a negative US$28 million reported during the same period of last year. Q2 2025 benefitted from the strengthening of currencies (in particular BRL) against the US$, as compared to Q2 2024, which was impacted by the devaluation of the BRL against the US$. Total operating income for Q2 2025 was US$340 million, 3% higher compared to US$331 million reported for the same period last year. Underlying* Total Operating Income for Q2 2025 was US$353 million, compared to US$ 331 million for the same period last year, a YoY growth of +7% after adjusting for FX impact.H1 2025 Performance Highlights Consolidated net profit attributable to the shareholders of the parent, for H1 2025 was US$152 million, a growth of 1% compared to US$150 million reported last year. Underlying* growth in net profit, adjusted for FX impact was +9%, driven by a combination of higher average asset volumes and steady cost of credit. Earnings per share for the period was US$0.046, compared to US$0.046 in the same period last year. Total comprehensive income attributable to the shareholders of the parent was a positive US$253 million as compared to a negative US$56 million during the same period last year. H1 2024 was impacted by the devaluation of Egyptian pound and Brazilian Real against the US$. Total operating income for H1 2025 was US$672 million, as compared to US$674 million reported last year. Underlying* Total Operating Income was US$713 million, reflecting a growth of +6% after adjusting for FX impact reflecting broad based growth across almost all the core Sheet Equity attributable to the shareholders of the parent and perpetual instrument holders at the end of the period was US$4,363 million, compared to US$4,207 million reported at the 2024 year-end, after absorbing the impact of dividend payments. Total assets stood at US$48.0 billion at the end of the period, as compared to US$46.3 billion reported at the 2024 year-end, an increase of 4% driven by core business growth in the loan portfolio, FX movements and balance sheet optimization and portfolio management actions. Healthy Capital and Liquidity ratios: Tier 1 Capital ratio at 14.8%, of which CET1 at 13.0%. LCR and NSFR at 177% and 121% respectively. Bank ABC is a leading player in the region's banking industry, with a presence in 15 countries across five continents. It provides innovative global wholesale banking solutions in both conventional and Islamic Finance, across Transaction Banking, Project and Structured Finance, Capital Markets, Financial Markets, Real Estate Finance to corporates and financial institutions. It also provides consumer banking services through its network of branches in Jordan, Egypt, Tunisia, Algeria, and through ila Bank, its digital mobile-only bank, in Bahrain and ila banking app in full financial statements and press release are available on the Bahrain Bourse and Bank ABC's website. Bank ABC will host a virtual Investors call to discuss the H1 2025 earnings on 18 August 2025.
