New Kuwaiti Banknotes Distributed To Banks For Eid Al-Adha
KUWAIT CITY, June 1: The Central Bank of Kuwait (CBK) announced on Saturday that it has completed the distribution of new Kuwaiti banknotes in various denominations to all local banks, ensuring sufficient supply to meet public demand ahead of Eid Al-Adha. In a press statement, the CBK invited customers wishing to obtain new banknotes to visit their respective bank branches during official working hours. The statement added that Kuwaiti banks will announce the locations of designated branches offering the 'Ayadi' cashing service, as well as other available methods for customers to receive new banknotes.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Kuwait Times
an hour ago
- Kuwait Times
Burgan Bank provides ‘Eidya' in all branches and ATMs
KUWAIT: With the approach of Eid Al-Adha, Burgan Bank is committed to supporting the 'Eidity' campaign in collaboration with the Central Bank of Kuwait (CBK), the Kuwait Banking Association (KBA), and KNET. Driven by the Bank's digital transformation strategy and adoption of digital banking solutions, customers will be able to easily send and receive Eidya digitally in a swift and secure manner. This reflects Burgan Bank's steadfast commitment to delivering a consistent banking experience and offering convenient services, especially during holidays. As part of the campaign, customers will have the opportunity to withdraw Eidya in any KD denomination of their choice starting June 1st at 26 Burgan Bank branches, and from June 3rd at 14 ATMs strategically located throughout Kuwait, including shopping malls and the airport. In addition, customers can use the instant payment service WAMD through the Bank's mobile banking application to transfer the Eidya. For more information about the branch locations and ATMs, customers can refer to the Bank's official website and social media platforms. The support for the 'Eidity' campaign also aligns with the Bank's continued efforts to instill the culture of savings and financial literacy, under the umbrella of its corporate social responsibility (CSR)campaign 'Teach Them Young the Value of Savings' and its continued backing of the 'Let's Be Aware' (Diraya) campaign, launched by CBK and KBA in collaboration with local banks. Since its launch in 2020, the Eidity initiative has been warmly embraced by customers, as it facilitates the continuity of the Kuwaiti tradition of sharing Eidya among family members. This Eid Al-Adha, Burgan Bank will continue to offer its Elite customers a complimentary Eidya delivery service, in collaboration with Peacock Concierge. As a proactive and engaged corporate citizen, Burgan Bank continues to participate in and support all initiatives organized by CBK and KBA, contributing to the elevation and advancement of the Kuwaiti banking sector and the banking experience it offers its customers.
Kuwait Times
an hour ago
- Kuwait Times
Zain accelerates national talent empowerment in digital economy
Company concludes successful partnership in TechEdge Program with KFAS and NBK KUWAIT: Zain announced the successful conclusion of its participation in the TechEdge program, one of the leading training initiatives focused on digitally empowering young talent. The program was held under the umbrella of Zain's Innovation Nation (IN) initiative, in strategic collaboration with the Kuwait Foundation for the Advancement of Sciences (KFAS), the National Bank of Kuwait (NBK), and the National University of Singapore (NUS). The program spanned several phases, starting locally in Kuwait, followed by virtual masterclasses, and culminating in a global learning experience hosted by NUS in Singapore. The initiative aimed to equip early-career Kuwaiti professionals with advanced technology skills through intensive workshops on artificial intelligence, data science, cybersecurity, cloud computing, software development, entrepreneurial thinking, and more. Zain expressed its pride in the outstanding performance of its employees, Nada Ibrahim and Othman Al-Shammari, who demonstrated remarkable dedication and passion throughout the program. Both actively participated in real-world innovation challenges that bridged theory with practice. In recognition of their inspiring performance, they were honored by Zain Kuwait CEO Nawaf Al-Gharabally, CTO Daaij Al-Oud, and Chief Purpose & HR Officer Nawal Bourisli. Al-Gharabally honors Othman Al-Shammari in the presence of Bourisli and Al-Oud. Ibrahim and Al-Shammari with fellow TechEdge participants in Singapore. Commenting on the achievement, Nawal Bourisli said: 'At Zain, we believe in the power of Kuwaiti youth to lead the future of the digital economy. Our support of the TechEdge program aligns with our strategy of investing in national talent through our broader Innovation Nation initiative, which reflects our long-term vision of equipping the next generation with the skills that are becoming the foundation of tomorrow's job market.' She added: 'We take great pride in the success of this program and in the exceptional global experience it offered the participants in partnership with a prestigious academic institution like NUS. These types of initiatives embody our deep commitment to accelerating digital transformation, transferring private sector expertise, and fostering a culture of innovation in the workplace.' This program represents a strategic collaboration between the three institutions and falls within national efforts to contribute to the realization of the New Kuwait 2035 Vision, which aims to diversify the economy and drive innovation through increased reliance on digitalization. The objectives of TechEdge align with Zain's strategic vision to empower talent, accelerate digital literacy, and cultivate a workplace environment built on innovation and sustainable growth. These goals are embodied in the Innovation Nation initiative, which has resulted in numerous successful projects over the past years and continues to cement Zain's leadership in driving Kuwait's innovation and digital transformation.
Arab Times
5 hours ago
- Arab Times
KD 800,000 Gold Heist: Indian And Pakistani Expats, Kuwaiti Mother-Daughter Duo Convicted
KUWAIT CITY, June 2: The Criminal Court has issued its verdict in a high-profile theft and money laundering case involving the embezzlement of more than KD 800,000 from a jewelry company. Four individuals, an Indian expat employee of the company, a Pakistani jewelry vendor, a Kuwaiti woman, and her daughter, were convicted in connection with the crime. The court sentenced the Indian employee, who was present during the proceedings, and the Pakistani vendor, who was tried in absentia, to 10 years of imprisonment with hard labor. The Kuwaiti woman was sentenced to five years with hard labor, while her daughter received a five-year suspended sentence, conditional upon a KD 5,000 bail. All four defendants were jointly fined KD 809,000. Additionally, the court referred the civil lawsuit filed by the affected jewelry company to the appropriate judicial authority. Investigations revealed that the Indian employee had been systematically stealing jewelry, gold ornaments, and cash from the company over a period extending from 2002 until the end of 2024. Upon his arrest, he confessed to working with a Pakistani vendor who sold the stolen items and later fled the country. He also implicated a Kuwaiti woman and her daughter, accusing them of inciting and participating in the theft. The case highlights the importance of internal oversight in high-value sectors and reinforces Kuwait's commitment to prosecuting financial crimes and protecting commercial entities from internal fraud.
