Connect with us

Business

ABK Strengthens Support for ‘Let’s Be Aware’ Campaign and Warns Against Electronic Fraud

Published

on


letKUWAIT CITY, Apr 8: In a dedicated effort to enhance financial literacy and customer protection, Al Ahli Bank of ‎Kuwait (ABK) proudly continues its support for the ‘Let’s Be Aware’ banking awareness ‎campaign, launched in collaboration with the Central Bank of Kuwait and the Kuwait Banking ‎Association. The campaign aims to inform the public about ways to guard against fraud while ‎fostering a secure banking environment through cutting-edge technology and robust protection ‎tools.‎

As part of its commitment to protecting its customers and raising awareness against financial ‎fraud, ABK warned of the potential risks of accepting authentication notifications via the Kuwait ‎Mobile ID app without adequate due diligence. The Bank urges customers to always verify the ‎authenticity of notifications and know the sender before accepting them.‎

ABK urges customers to immediately contact ABK if they notice any suspicious payment ‎transactions or unusual activities in their accounts. At times, customers may receive ‎unexpected authentication notifications via the Kuwait Mobile ID app without having initiated ‎any corresponding transaction. Approving such notifications could lead to unauthorized access ‎to their accounts.‎

To safeguard their accounts, customers are advised to use secure passwords and One-Time ‎Password (OTP) verification codes sent by the Bank when conducting transactions. It’s vital to ‎change passwords regularly and to select complex passwords that are difficult to guess. Sharing ‎personal and confidential information with others should be strictly avoided.‎

In addition, customers should remain vigilant against interacting with suspicious emails that ‎may contain harmful links aimed at hacking bank accounts. When making online purchases, ‎they should also ensure that the websites are secure. Additionally, activating transaction ‎notifications is encouraged for customers to track and respond to any unusual activities ‎promptly.‎

ABK reiterates that it will never request personal information from customers via email, text ‎messages, phone calls, or direct messages on social media and messaging platforms. Such ‎requests are deceitful attempts to acquire sensitive banking information to commit theft or ‎fraud. ‎

To support the Central Bank of Kuwait and the Kuwait Banking Association’s efforts, the bank is ‎leveraging all electronic communication channels with its vast audience to champion customer ‎protection and financial inclusion. This initiative aims to enhance public understanding of the ‎diverse banking services available in the Kuwaiti market.‎

Demonstrating its commitment to fostering banking awareness across all societal segments, ‎ABK actively participates in various campaigns and initiatives. The Bank is also committed to ‎organizing educational events and conducting comprehensive training programs for its ‎employees, enhancing their expertise in combating fraud and financial crimes.‎

Business

World markets mixed, Japan’s shares dip after election leaves Ishiba’s future in doubt

Published

on

By

XEH105

A person stands near an electronic stock board, left top, showing Japan’s Nikkei index at a securities firm on July 22, in Tokyo. The traffic signs read: No Crossing. (AP)

BANGKOK, July 22, (AP): World shares were mixed on Tuesday after U.S. stock indexes inched to more records at the start of a week of profit updates from big U.S. companies. Germany’s DAX lost 0.5% to 24,186.14 and the CAC 40 in Paris gave up 0.4% to 7,768.46. Britain’s FTSE 100 edged 0.1% lower, to 9,009.34. The futures for the S&P 500 and the Dow Jones Industrial Average were virtually unchanged.

In Asian trading, Japan’s benchmark surged and then fell back as it reopened from a holiday Monday following the ruling coalition’s loss of its upper house majority in Sunday’s election. The Nikkei 225 shed 0.1% to 39,774.92. Analysts said the market initially climbed as investors were relieved that Prime Minister Shigeru Ishiba vowed to stay in office despite the setback

. But the election’s outcome has added to political uncertainty and left his government without the heft needed to push through legislation. A breakthrough in trade talks with the US might win Ishiba a reprieve, but so far there’s been scant sign of progress in negotiating away the threat of higher tariffs on Japan’s exports to the US beginning Aug 1.

“Relief may be fleeting. Ishiba’s claim to leadership now rests on political duct tape, and history isn’t on his side. The last three LDP leaders who lost the upper house didn’t last two months,” Stephen Innes of SPI Asset Management said in a commentary. Elsewhere, Hong Kong’s Hang Seng rose 0.4% to 25,082.78, while the Shanghai Composite index advanced 0.6% to 3,581.86.

South Korea’s Kospi sank 1.3% to 3,169.94, with investors concerned over the Aug. 1 deadline for making a deal with U.S. President Donald Trump or facing 25% tariffs on all the country’s exports to the US. Australia’s S&P/ASX 200 added 0.1% to 8,677.20.

India’s Sensex gained 0.1%, while In Thailand, the SET sank 1.1% after the government named Vitai Ratanakorn as the new future governor of the central bank. He is viewed as likely to be less independent than the current governor, raising concerns about the bank’s independence, analysts said. Vitai will replace Sethaput Suthiwartnarueput, when his term as governor ends in September.  

Continue Reading

Business

MEW gets CAPT approval to link external sites, NDCC

Published

on

By

KUWAIT CITY, July 21: The Ministry of Electricity, Water and Renewable Energy has obtained approval from the Central Agency for Public Tenders (CAPT) to issue a tender for linking the external sites of the ministry with the National Data Control Center (NDCC), say sources from the ministry. Sources indicated that this tender is included in the contracts of the ministry for the current fiscal year and are scheduled to be implemented by the Planning, Training and Information Systems Sector. Sources revealed that the tender is for linking the external branches with the data center in the main ministry building and the NDCC in order to allow the exchange of information and provision of electronic services.

Sources pointed out that “subject to the approval of CAPT, the tender will be announced and a date will be set for specialized companies to submit their bids, select the winning bid and implement the project under the regulations.” Sources added the ministry intends to install five main power transformer stations for the Automobile Circuit Project — Rawda Block Three, Kabd C, cow farms, Sharq Block Four and Al- Arabi Club; in addition to supplying and extending the necessary underground cables to feed the five planned stations through two tenders: the first for the stations and the second for the cables. Sources said the two tenders aim to provide the energy needed to expand the high-voltage and ultra- high-voltage electrical networks resulting from the increased demand for electricity in the aforementioned areas, as well as to provide electricity continuously throughout the day. Moreover, the ministry also confirmed the start of electricity connection in Al-Mutlaa Residential City (N1 District – parts of Block One; in cooperation with the Public Authority for Housing Welfare (PAHW). It reiterated that it is now receiving applications to connect electricity to 251 plots

By Mohammad Ghanem
 Al-Seyassah/Arab Times Staff 

Continue Reading

Business

DGCA of Kuwait and Japan Take Off on a New Chapter of Aviation Cooperation

Published

on

By

DGCA of Kuwait and Japan Take Off on a New Chapter of Aviation Cooperation

Chairman of the Kuwaiti Directorate General of Civil Aviation (DGCA) Sheikh Humoud Mubarak Humoud Al-Sabah receives the Japanese Ambassador to Kuwait Kenichiro Mukai

KUWAIT CITY, July 21: Chairman of the Kuwaiti Directorate General of Civil Aviation (DGCA) Sheikh Humoud Mubarak Humoud Al-Jaber Al- Sabah said Sunday that the DGCA looks forward to promoting cooperation with Japan in civil aviation. Sheikh Humoud made the remarks while welcoming Japanese Ambassador to Kuwait Kenichiro Mukai to discuss bilateral cooperation in the field of civil aviation, the DGCA said in a press release. He underlined the importance of deepening the distinguished ties between both friendly countries, praising Japan’s advanced experience in technology and aviation industry, it said. For his part, the Japanese Ambassador expressed his appreciation to the Kuwaiti official for his hospitality, saying that his country is interested in furthering cooperation with the State of Kuwait in aviation, in a way that contributes to exchanging expertise and achieving integration in the fields that concern both sides. (KUNA)

Continue Reading

Trending

Copyright © 2025 SKUWAIT.COM .