KUWAIT CITY, Jan 10: Local banks have identified a mechanism that includes seven measures to prevent counterfeiters and fraudsters from obtaining bank loans with a warning message posted about them on the Credit Information Network, reports Al-Qabas daily.

The banks said during a recent meeting which was held at the request of the Central Bank of Kuwait, the details of which have been acquired by the daily indicated that in the event of detecting fraud documents presented for funding while initiating a submission to the Public Prosecution, will do the following:

■ Add a message by the bank in the warnings section on the front page of the credit information report ‘forged documents’ whether the person is a bank customer or applying for a loan in another bank.

■ After the communication has been forwarded to the court, the warning box is updated by adding the automatic number of the case.

■ In the case of final judgment, the warning box will be updated with the addition of a message stating that a forgery has been issued.

■ In the event of fraud, with a debt owed to the bank when a complaint is filed with the Public Prosecution, the following shall be carried out: ■ Add a message by the bank in the warnings section on the front page of the Credit Information Network saying ‘Counterfeit Documents’

■ Change the debt situation to ‘fraud’

■ After the communication has been forwarded to the court, the warning box is updated by adding the automatic number of the case and in the case of a final judgment, the warning box will be updated with the addition of a message stating that a forgery has been issued. The banks suggested the debt situation be treated like the cases of customers against whom they have been subjected to legal proceedings for a period of 3 years, while the warning message will remain based on the credit information network report.

Sources said, in this context, a way will be discovered to communicate with government agencies that are not covered by the integrated system of civil service information, whether governmental or private sector. The Central Bank of Kuwait has directed banks to the need to develop a mechanism to prevent fraud by providing forged papers to obtain credit financing for borrowing from banks again.

The central bank has also asked the banks to study and develop the required executive procedures on how to include the credit data available by SaiNet network from customers who have already submitted forged documents at any of the banking and financial units in order to obtain credit financing.

Boursa Kuwait results on Jan 13

KUWAIT CITY, Jan 12, (KUNA): Kuwait Finance House (KFH) said that credit from the Kuwaiti banking sector rose by three percent in November. The volume of credit granted last November was KD 36.6 billion ($119 billion) compared to KD 35.5 billion ($116 billion) in November 2017, KFH said in a report issued Saturday.

The assets of personal credit facilities achieved the highest rise in value in November to reach about KD 589.4 million ($1.9 billion), an increase of four percent compared to November 2017, it added. It noted that the credit facilities amounted to KD 15.5 billion ($50.9 billion), representing 42.5 percent of the total credit granted last November.

The statement pointed out that the facilities for the crude oil and gas sector increased by 4.14 KD billion ($1.4 billion) by 32.6 percent while the facilities for the industry sector grew by KD 37.2 million ($122 million). The decline in the facilities directed to some economic sectors on an annual basis and financial institutions other than the banks, the highest recorded a decline in value by about KD 173.8 million ($3,571 million) by 13.3 percent, the statement said.

It noted that the personal credit facilities constitute the largest share of the volume of credit facilities, accounting for 42.5 per cent of the total credit granted in November compared to 42.1 per cent in November 2017.

Boursa Kuwait will be announcing the first annual results of the segmented markets for listed companies, according to the rules and regulations stipulated in the Rule Book, said a statement by the national bourse Saturday. The results will be announced after the market closure on Sunday, Jan 13, 2019 on the Boursa Kuwait official website, statement indicated.

The annual review is to be conducted on an annual basis, according to the regulatory and organizational framework of the Rulebook, put in place by Boursa Kuwait to govern all operational aspects of the stock exchange, added the statement. Boursa Kuwait introduced the three-tiered segmented market last year, creating a Premier, a Main and an Auction market, each with unique characteristics and requirements.

This entailed the elimination of the parallel market and the main market, whereby all listed companies have been redistributed based on the three new different market segments. An annual review will be conducted to ensure that each company meets the specific criteria and requirements of the market it falls under.

Intelligent device accelerates care with hands-free communication and secure messaging

SAN JOSE, Calif.-- (BUSINESS WIRE/AETOSWire)-- Vocera Communications, Inc. (NYSE:VCRA), a recognised leader in clinical communication and workflow solutions, today announced the launch of a new category of wearable communication devices that enables clinician agility and accelerates patient care. The Vocera Smartbadge combines smartphone usability with the hands-free freedom of the Vocera Badge to redefine healthcare communication – again.

“Vocera has been on a mission to improve the lives of patients, families and care teams for more than 18 years; and based on customer feedback, we have thoughtfully designed a sleek, light-weight, wearable, and intelligent device that will make it even easier for care teams to communicate and collaborate,” said Brent Lang, president and CEO of Vocera. “The new Smartbadge is purpose-built to leverage the full software capability of the expanded Vocera Platform – voice calling, messaging, clinical alerts and alarms, and more – with its larger, touch-screen display.”

The biggest advantage of the new Vocera Smartbadge over earlier versions of the wearable communication device is the size of the 2.4” touchscreen, which enables clinicians to receive and read notifications with more patient context. For example, a nurse who receives a sepsis alert can see the patient room number, plus the patient’s name, age, and vital signs. The larger screen also enables clinicians to view contact lists, as well as read and send text messages right from their Smartbadge.

While the device’s screen is larger than the original Vocera Badge, the new Smartbadge is still small, lightweight, wearable, and ideal for busy clinicians needing their hands free to provide patient care. Improved microphones and speakers enable high-quality audio while communicating with colleagues in both hands-free and hand-set mode. A new, dedicated, one-touch panic button is designed to make it faster and easier for staff to get help in emergency situations. Additionally, the Smartbadge boasts extended battery life, USB charging and headset ports, and a durable and water-resistant design.

“The Vocera Smartbadge is a gamechanger for healthcare and will enhance the way care teams connect, collaborate and provide care to patients,” said Tom Stafford, vice president and CIO at Halifax Health. “I am impressed by how the Smartbadge is still small and lightweight even with a larger notification screen, which is also now a touchscreen. Vocera really listened to its customers to design this new device that meets all the mobile communication needs of nurses, physicians and other team members.”

Clinicians can communicate hands-free, receive contextual patient information, reach the right person by name, role or group, and get help in an emergency with the touch of a button. The Smartbadge will integrate with more than 140 clinical and operational systems, including electronic health records, nurse call systems, physiologic monitors and more. Powered by the Vocera Platform, data is aggregated from most systems used in hospitals today. Patient information, prioritised clinical events, and care team availability can be presented on the Smartbadge. The intuitive mobile device will help increase workflow efficiencies, reduce interruption fatigue, and improve patient care and experience.

Additionally, the Vocera software platform now has unique capabilities designed specifically to support the well-being of healthcare workers. During times of high stress or emotional exhaustion, care team members can use the Smartbadge to “call a Code Lavender.” This simple voice command will send an alert to members of a multi-disciplinary group that will quickly respond, offering physical, spiritual and emotional support to patients, families and staff in need. For overwhelmed care team members who need a brief moment to relax or return to purpose, three guided meditations are available on the new mobile device.

About Vocera

The mission of Vocera Communications, Inc. is to simplify and improve the lives of healthcare professionals and patients, while enabling hospitals to enhance quality of care and operational efficiency. In 2000, when the company was founded, we began to forever change the way care teams communicate. Today, Vocera continues to offer the leading platform for clinical communication and workflow. More than 1,700 facilities worldwide, including nearly 1,500 hospitals and healthcare facilities, have selected our solutions for team members to text securely using smartphones or make calls with our hands-free, wearable Vocera Badge. Interoperability between Vocera and more than 140 clinical and operational systems helps reduce alarm fatigue, speed up staff response times, and improve patient care, safety and experience. In addition to healthcare, Vocera is at home in luxury hotels, aged care facilities, nuclear facilities, libraries, retail stores and more. Vocera makes a difference in any industry where workers are on the move and need to connect instantly with team members and access resources or information quickly. In 2017, Vocera made the list of Forbes 100 Most Trustworthy Companies in America. Learn more at, and follow @VoceraComm on Twitter.

Vocera® and the Vocera logo are trademarks of Vocera Communications, Inc. registered in the United States and other jurisdictions. All other trademarks appearing in this release are the property of their respective owners.

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*Source: AETOSWire

Brussels, Belgium 8 January 2019, (AETOSWire): Dr Amal Al Qubaisi, Speaker of the UAE Parliament, led a high-level delegation to the European Parliament in Brussels, met with Federica Mogherini, EU High Representative for Foreign Affairs and discussed UAE-EU relations. Dr Al Qubaisi highlighted the issue of the three UAE islands occupied by Iran and called to resolve the issue through direct negotiations or international arbitration.

She presented an overview of the UAE’s role in international counter-terrorism efforts, establishing the Sawab Center and hosting Hedayah Center, and noted that 2019 is the UAE Year of Tolerance. She commended the decision of the UAE President in raising the representation of women in parliament to 50 percent.

Mogherini stressed the importance and depth of the cooperation and partnership and noted that the EU is keen to strengthen cooperation with the UAE, a valuable ally in the fight against terrorism and in achieving security and stability. She welcomed the approach adopted by the UAE and its progressive mindset, in terms of women empowerment, gender equality, tolerance and coexistence.

Mogherini expressed the EU’s appreciation for the UAE’s efforts for stability in Yemen, noting that the UAE is instrumental in securing political settlement in line with its interest in finding a peaceful solution: “We appreciate the UAE’s role in this regard as well as the aid offered to refugees in different countries.” She reiterated the importance of stability for returning refugees.

Mogherini further acknowledged Libya’s role in ensuring regional stability, as well as its efforts to achieve peace among various parties.

Mogherini noted that there is significant cooperation between the EU and GCC countries. Regarding security, the nuclear deal with Iran is the best means available to ensure its disarmament. She added that the EU would like to see Iran change its foreign policy and adopt a policy of non-interference in the internal affairs of its neighbors.

Dr Al Qubaisi added: “The UAE’s stance of non-interference in the internal affairs of countries is diametrically opposed to Iran’s supporting the Houthi militias in Yemen with arms and missiles. We condemn the move of the Houthis to stop humanitarian aid from reaching Yemenis in need. The UAE has contributed US$4.9 billion in humanitarian aid to Yemen from April 2015 until December 2018.”

*Source: AETOSWire


            Arab and International Media Race to Cover the Festival         

Riyadh, Saudi Arabia, 8 January 2019—(AETOSWire): The National Festival of Heritage and Culture in Janadria is a valuable opportunity to highlight the elements of the tangible and intangible cultural heritage of the Kingdom of Saudi Arabia on an international level, especially with hundreds of local, Arab and international media racing to cover the various rich events of the festival.


The 33rd Edition of Janadria turned into a major regional and international event that attracts the attention of news agencies, newspapers and international television channels that were impressed by the festival's role in preserving the ancient Saudi heritage.

Particularly, the media discussed Janadria's role in balancing authentic traditions and live communication with the world through the latest technologies provided by the Organizing Committee, as part of the investment of technology to protect national identity and to remind citizens of the importance of history and its significance.

Moreover, by providing the best media services to hundreds of journalists, the festival presented to heritage lovers its unique application through smart devices which contains a full definition of Janadria, an explanatory map, and updated news of the festival on a daily basis through the distinctive and comprehensive website.

Press commented on Janadria as a cultural response to the dangers of globalization by focusing on Saudi's heritage and moderation and promoting intercultural dialogue, highlighting the creative folk atmosphere for visitors. The visiting journalists stated that Janadria isn’t just a cultural event but a thought and strategy set to return to the past which Saudi Arabia is following with confidence with its rise, development and carrying out of huge and unique architectural and cultural projects worldwide.

The radio and network of Monte Carlo International Network talked about the original heritage, culture and values ​​raised by the festival. Sky News reviewed in several reports the old life style of Saudi Arabia through the live museums in Janadria. French press confirmed that Janadria Festival is a valuable opportunity to highlight the Saudi cultural heritage on an international level.

The Euro-News network mentioned that the festival reflects in a unique way the cultures inherited from customs and traditions, pointing out that the festival is the largest and most comprehensive in Saudi Arabia. ANSA Economia, the Italian newspaper reported that the traditional village at Janadria Festival attracted tens of thousands of Saudi families. The Spanish newspaper El Economista considered Janadria as one of the world's largest festival dedicated to culture.

The Surabaya Tribun News, the Kompas network and other Indonesian media highlighted the participation of Indonesia as a guest of honor by displaying many aspects of Indonesian heritage. The German newspaper Burs, the American Associated Press, and many Pakistani and Chinese media touched upon Riyadh's role in preserving heritage. The event was also covered by CNN and BBC World to name a few.

*Source: AETOSWire

The once-stalled real estate project was salvaged by Preatoni Group in 2014 - a move aimed at restoring investors’ confidence in the region’s property market

Dubai, United Arab Emirates, January 07, 2019, (AETOSWire) -- Preatoni Real Estate has announced the completion of the Dubai Star project, four years after its initial developer abandoned the multi-million project following the 2009-2010 economic crisis that befell the region.

The 45-storey skyscraper, which is located at the upmarket JLT cluster L has now been renamed Preatoni Tower. It boasts some 554 units covering a total of 600,000 sq/ft of prime residential and commercial space.

After reaching a 38% advancement in the construction stage, the Dubai Star project would eventually come to a grinding halt putting the over 400 local and international investors at the risk of losing their investment.

In 2014, however, the Preatoni Group came to the project’s rescue and pumped in over AED 50,000,000, thus committing to reviving the white elephant project while giving the initial investors a ray of hope.

Preatoni Group took over the project with the support and cooperation of the local authorities, the Dubai Land Department, and the investors.

The Preatoni Group chairman, Ernesto Preatoni, an international investors with decades of experience in the real estate and tourism sectors, said that the investors' vision had finally come to fruition. He also said that the decision to take over the stalled project was aimed at restoring Dubai’s image as a safe investment hub.

According to the group chairman, this move firmly positions Preatoni Real Estate as pioneers of a niche segment solely dedicated to the rescue of “distressed projects”.

“We are delighted to finally and successfully complete the Dubai Star, now known as the Preatoni Tower. The journey has been long but despite the challenges, our investors’ dreams and aspirations are now a reality. Our belief in the project underscores our confidence in Dubai’s real estate market.” said Ernesto.

He went on to add, “We have not only completed the project as initially intended, but we have also added our signature Italian touch to the tower. Our years of experience and expertise in property development has been the driving force towards the completion of this momentous project.”

The Preatoni Tower will be ready for occupancy in Q1 2019.

Since its inception, the Preatoni Group has overseen world-class real estate projects across the globe including Italy, Switzerland, Russia, Baltic nations, Egypt, the USA among others.

About The Preatoni Group

Preatoni Real Estate is a Milano-based investment and development group specializing in financial services, hospitality, and real estate developments with presence in the Middle East. Some of its iconic properties in the MENA region include the Domina Coral Bay Resort in Sharm El Sheikh, Egypt.

Preatoni Real Estate has a property development portfolio worth over US$2.5 billion, employs over 3,000 people, has sold over 40,000 units and built three world-class shopping malls and 29 hotels.

It began its Dubai operations in 2013 with the establishment of Preatoni Real Estate Development.

For more information, please visit

*Source: AETOSWire

Commitment to grow and dedication to care have been the core factors underlining the development of the hospital

Dubai, United Arab Emirates, 6 January 2019, (AETOSWire): In today’s time, as hospitals and health systems continue to consolidate, the ability to improve care delivery is increasingly important. Believing in this philosophy and deploying it at all stages of operation, Emirates Hospital in Jumeirah has grown exponentially to a sprawling enterprise. The hospital now employs over 450 people, including 120 doctors and 160 nurses.


“Emirates Hospital, while being an established brand, the new facility in Jumeirah started seeing patients only in October 2017. With an aim to become a patient-centric facility, we ended up going back to the drawing board and understanding what the real insight was in a market where there is a clinic or a hospital just around the corner. Bearing in mind all the influential parameters, we realised that the most integral part of a successful journey is patient care and their experience. As such, we then built all our processes around this key pillar, working towards a facility where every visitor had access to personalised services and care along the entire way. Over the years, with care as our main focus, we have added new specialities as Rheumatology, Endocrinology, Diet & Nutrition and Sleep Lab, amongst many others to help the community around us,” said Maan Jamal, Medical Director of Emirates Hospital – Jumeirah.

Emirates Hospital has been a major part of the growth of healthcare in the Gulf, and continues to be so. What started with a few patients visiting the facility, has now become the talk of the town with satisfied patients spreading the goodwill. In its early days of commencement, the hospital witnessed minimal flow of patients, but as people started experiencing its services, the facility, medical practice and quality standards, the number of patients has increased ever since.

Since its establishment, Emirates Hospital’s focus on quality has always been high and the hospital has been recently awarded the JCI Accreditation, a gold standard mark in the industry of healthcare for realising its commitment to the highest quality of care for its patients.

The hospital attributes its spectacular growth to many factors. Dr. Maan Jamal says, “Commitment to grow and dedication to care have been the core factors of our development. In addition, we’ve used a multitude of tools to highlight the expertise and technological advancements at the hospital. It would be safe to say that we today see a number of patients from within the country and globally visiting Emirates Hospital with tertiary health care requirements taking advantage of our advanced Operating Theatres and surgeons, while also enjoying some of our luxurious in-patient rooms.”

With an aim to be a leader and trend setter, Emirates Hospital has always kept its focus on international standards of medical practice and to this effect collaborated with a number of specialised care providers, to bring to the UAE community specialised & unique healthcare solutions. Some of its significant collaborations are ReGen Medical Management Dubai, a new stem cell and regenerative medical center in addition to Humeira Badsha Medical Centre (HBMC), which specialises in musculoskeletal diseases and QURO Obesity Center, a specialised brand aimed at fighting Morbid Obesity.

While Emirates Hospital journey to growth is an incredible tale of determination and relentless effort, the hospital has also faced several challenges while building the bricks.

“One of the challenges we faced early on as we began establishing the facility was the right mix of physicians/doctors which we felt would positively impact our patients visiting us from near or far. Having said that, we have now established a stellar combination of Consultants and Specialists who aren’t just doctors but prove to be partners to our patients lives,” added Hospital Director, Atul John.

Having grown to a 62-bed hospital now, Emirates Hospital has experienced a positive shift with the continuous addition of services such as Dental, Ophthalmology and much more which are soon to begin, making Emirates Hospital a one-stop destination for all healthcare requirements. The premium healthcare facility is also working towards an expansion of the hospital that will positively change the medical landscape in the region through education, collaborations and partnerships.

*Source: AETOSWire


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