Business


Al Muzaini Exchange is delighted to announce that the company is the Associate sponsor of Kuwait Cricket, which includes being the Main sponsor of the Kuwait Women’s National cricket team and the official sleeve sponsor of the Kuwait Men’s National Cricket Team for the 2023 KCC season.
The KCC Board President, Mr. Haider Farman and Mr. Hugh Fernandes signed the board to officially kick start the partnership. Al Muzaini was presented with the new official Women’s cricket jersey and Men’s cricket jersey with the Al Muzaini logo which shall be worn by the players throughout the rest of the season while representing the country nationally, as well as internationally.
The sign off ceremony took place in the Kuwait Olympic Council of Asia on the 23th of January, 2023 in the presence of key players from the Kuwait National men’s and women’s team, the head coach and coaching staff, KCC Board General Secretary Mr. Emad Al Jassam, esteemed members of management and a list of delegates from Al Muzaini, as well as Kuwait Cricket.
Mr. Sajid Ashraf, the Director General of the KCC Board initiated the grand ceremony by announcing that Al Muzaini is now the main sponsor of the Kuwait National Women’s cricket team and shall play an integral part in the growth and development of young and talented women that are interested in taking up the sport, to support the team and all its activities and to conduct targeted efforts to take the sport to greater heights.
The number one exchange company in Kuwait is proud to be a part of the journey and believes that the possibilities are limitless as Kuwait Cricket keeps taking rapid strides towards becoming a quality associate cricket nation that is well-respected by the rest of the cricket world.
Mr. Hugh Fernandes, The General Manager of Al Muzaini said “This is an incredible moment for us, to be a part of the Kuwait National Cricket dream has always been something we wanted and when the opportunity presented itself, we were ecstatic. Being a passionate fan of Cricket myself, I have been following the growth of cricket in Kuwait and it has been extremely impressive. It was a wonderful moment for all of us to see Kuwait upsetting some big guns in the recent Asia Cup Qualifiers. I believe that it won’t be long before we see the country participate in major tournaments with millions around the globe watching and being entertained by the extremely talented players of Kuwait.
Moreover, we are immensely happy and proud to be the main sponsor of the Kuwait National Women’s cricket team. Al Muzaini Company believes in the power of young women and know that they are capable of achieving great things. We want to support all women across the country and encourage them to take top the sport, to compete and achieve incredible things. There are a lot of future stars that are waiting to shine when given the opportunity. And with great backing from the management of Al Muzaini, we are sure that the sport will only move forward.”
Al Muzaini looks forward to having a great relationship with Kuwait Cricket and shall actively participate in activities associated with the growth of the sport in the months to come.
Al Muzaini, always near you!


Adding to your convenience, Al Muzaini launched its Foreign Currency Delivery Service.
Order select foreign currencies via the Al Muzaini website or the Al Muzaini app under FX Booking, choose your denominations and the time slot you prefer to receive the order and have it delivered to your doorstep anywhere in Kuwait within hours.*
*Terms and conditions apply.
Al Muzaini, always near you!
#almuzaini #almuzainiexchange #muzainiexchange #moneytransfers #moneyexchange #foreigncurrency #forex #fxbooking #muzainiapp #muzainionline #anywhere #anytime #kuwait


Our strong network is getting stronger Al-Muzaini Exchange Co. opens its 126th branch in Kuwait
Al-Muzaini Exchange Company continues its plans of geographical expansion within the State of Kuwait by opening its new branch in Al Qairawan co-operative society. The new branch is open from 8 am to 9 pm.
Al Muzaini now has 126 branches within the state of Kuwait in addition to their self-service kiosks and the Al Muzaini application, all aimed at enhancing customer experience. This expansion reflects the company's endeavor and commitment to providing the highest quality of financial services, such as money transfers, foreign currency exchange and bill payments with ease, comfort, safety and at the best prices, seven days a week. Al-Muzaini has also recently launched their foreign currency delivery service wherein customers can order their selected currency to be delivered to any location in Kuwait within hours. The service can be found either online, or by using the Al Muzaini application.
The General Manager of Al Muzaini Exchange Company, Mr. Hugh Fernandes, the department managers, along with a number of the company's valued customers inaugurated the new branch on Monday, December 5, 2022, and Mr. Fernandes stated: “We are keen to strengthen our leading position in the local market through the growth of our largest network of branches in Kuwait, to ensure that we provide the best remittance service experience to our customers and meet their money transfer needs.”
The company always strives to make its financial services accessible to all. In addition to its strong network of branches - Al Muzaini application provides safe and simplified financial solutions with many features such as: availability in all OS platforms, new customer registration, the ability to add a new beneficiary, and benefits from various other services that can be utilized while using the application.
Al Muzaini is always near you.


Al Muzaini Exchange Company is the leading money exchange company with more than 80 years of experience in Kuwait takes immense pleasure in announcing the launch of its new service, “Foreign Currency delivery service”.
Understanding that the customer’s time is extremely valuable and precious, customers can now order foreign currency bank notes easily and conveniently, either online or via the Al Muzaini application. One can simply select their preferred foreign currency and choose the time slot wherein they want to receive the order and it will be delivered to their doorstep safely and securely within hours.
Al Muzaini Exchange constantly works on bringing new, innovative and unique services to its valued customers to ensure that they always receive the best possible customer experience.
Al Muzaini, always near you.


Oil prices rose in early trade on Wednesday after industry data showed United States crude stockpiles fell more sharply than expected last week, highlighting supply tightness ahead of a looming European Union ban and G7 price cap on Russian oil.
Brent crude futures gained 25 cents, or 0.3 per cent, to $88.61 a barrel at 0101 GMT, while US West Texas Intermediate (WTI) crude futures rose 35 cents, or 0.4pc, to $81.30 a barrel.
Both benchmark contracts rose about 1pc in the previous session as the United Arab Emirates, Kuwait, Iraq and Algeria reinforced comments from Saudi Arabia’s energy minister that the Organisation of the Petroleum Exporting Countries (Opec) and allies, together called Opec+, were not considering boosting oil output. Opec+ next meets to review output on Dec 4.
Uncertainty over how Russia will respond to plans by the Group of Seven (G7) nations to cap Russian oil prices further supported the market, analysts said.
The price cap, yet to be announced but due to be in place from Dec 5, will probably be adjusted a few times a year, a senior US Treasury official said on Tuesday.
“Traders closely monitor Russia’s exports and will look for how much they might trim the nation’s foreign sales in retaliation, which could be a bullish fillip for oil prices,” SPI Asset Management managing partner Stephen Innes said in a note to clients.
Buoying prices on Wednesday, US crude inventories fell by about 4.8 million barrels for the week ended Nov 18, data from the American Petroleum Institute showed, according to market sources.
Analysts polled by Reuters on average had expected a 1.1m barrel drawdown in crude inventories.
However, on a bearish note, API data showed distillate stocks, which include heating oil and jet fuel, rose by about 1.1m barrels compared with analysts’ expectations for a drop of 600,000 barrels.


LONDON: The fifteenth edition of the World Branding Awards saw over 3,500 brands from more than 45 countries named as “Brand of the Year”. Of these, less than 250 were declared Winners. The awards ceremony welcomed over 100 guests from around the world to celebrate the success and achievements of some of the World’s Best Brands, at the home of the awards, Kensington Palace.
Lurpak, Club Med, Yakult, Spotify, CoCo, Ikea, Amazon, Netflix, Neutrogena, Lego, Cadbury, Johnnie Walker, Ferrari, and Hennessy were announced as Global Winners at the prestigious awards ceremony.



Winners from Kuwait include GIG, Mabanee, The Avenues, Aqua Gulf, Q8. Other National Tier winners include Nahdi (Saudi Arabia), Lulu Exchange (UAE), Haribo (Germany), Toyota (Indonesia), Sprite (Kenya), Axe Brand (Singapore), Sparco (Italy), Just Eat (UK) just to name a few.
Just 17 brands were selected to receive the Regional Tier award this year; Bosch, Media Markt, Sennheiser, SoundCloud, Al Abraaj Restaurants, Huawei, Carrefour, Optical 88, MR. D.I.Y., Elkjøp, Aramax, BreadTalk, Naturgy, H&M, Walrus Pump, Gems Pavilion, and CBRE. These brands were voted as the consumers favourite brand in 4 or more countries across 3 or more areas in a specific geographic region.
“The ceremony is a celebration of some of the best brands from across the globe. The Awards acknowledge the tireless effort put in by the brand's teams that build and maintain presence in an ever-evolving market” said Mr Danny Pek, Executive Director, World Branding Forum.
“This year over 150,000 consumers participated in the nomination process globally. On average there are only 5 winning brands in each country, further proving that winning a World Branding Award is indeed, a remarkable achievement” said Mr Richard Rowles, Chairman of the World Branding Forum.
The event was hosted by renowned television presenter, Jemma Forte and featured an exclusive insight into the future consumer provided by Chris Sanderson, Co-Founder of 'The Future Laboratory' the renowned consumer insights and trend forecasting consultancy.
For more information and the full list of winners, visit awards.brandingforum.org.


The MEA Proptech Summit is set to take place on November 21-22 at the Four Seasons Hotel, Bahrain Bay. The summit is organized by Cityscape, in partnership with the Real Estate Regulatory Authority (RERA) Bahrain and ME Proptech Initiative.
High-level dignitaries that will be speaking amongst more than 30 industry leaders from the Proptech and real estate space at the event, include President of the SLRB and Chairman of the Board of Directors of RERA, H.E. Shaikh Salman bin Abdulla bin Hamad Al Khalifa, and RERA’s CEO H.E. Shaikh Mohammed bin Khalifa Al Khalifa.
The summit will gather over 400 attendees that will provide a networking ground for companies, executives, and business leaders to build and foster long-term business partnerships. Some of the key sessions during the summit include how technology is changing the real estate landscape, transforming urban spaces through Transit Oriented Development models, igniting a tech revolution in real estate, and global proptech trends.
RERA’s CEO, Sheikh Mohammed bin Khalifa Al Khalifa, said “In line with the vision of His Majesty King Hamad bin Isa Al Khalifa to revive the real estate sector in the country, and with the support of its Board of Directors, RERA is working to achieve strategic goals, plans, and programs that are congruent with that vision, and in a manner that reflects positively on citizens and amplifies its returns and contributions to the Kingdom’s economy.”
The CEO added, “These aspirations are realized through the implementation of the priorities of the government, headed by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, including the implementation of the first pillar of the National Real Estate Plan 2021-2024”
He also stressed the importance of hosting Middle East and Africa’s first "Proptech" Summit in the Kingdom of Bahrain, which brings together experts from all over the world to discover the latest developments in the field of real estate technology and meet prominent investors and experts in the real estate field.
For their part, local and global official expressed their eagerness to be taking part in the summit .The CEO of Edamah, Amin Alarreyed, said: “We are entering an era where the real estate landscape is being shaped through digital breakthroughs and innovations, and this requires new thinking and approaches. This Summit presents a unique opportunity for PropTech companies to unlock their potential, as it puts the focus on global trends and examines how to integrate solutions that meet developers’ expectations. We are happy to be a part of this event and look forward to a rewarding experience with our peers.”
Russell Pedley, Director & Co-Founder, Assael Architecture, said: “I’m looking forward to speaking at the summit where I will exchange thoughts and ideas about design solutions to transport-orientated development that creates vibrant and sustainable places to live. The summit will be a great networking ground to interact with regional and global real estate and proptech experts.”

Subcategories

9.png
Go to top