Business
Burgan Bank Wins the Visa “Best-in-Class Premium Active Cards Growth in Kuwait”2024 Award
KUWAIT CITY, Apr 12: Following years of fruitful collaboration and strategic partnership, Burgan Bank announced winning the 2024 Visa award for “Best-in-Class Premium Active Cards Growth in Kuwait”, recognizing its continued efforts to promote innovation and deliver an exceptional banking experience for distinguished customers. This prestigious award is a testament to the outstanding collaboration between Burgan’s Retail Banking and Private Banking departments, where their combined expertise has been instrumental in elevating the Bank’s offerings. It also reflects Burgan’s unwavering commitment to delivering card-based payment solutions that push the boundaries of convenience and added-value, underscoring its ability to achieve notable growth in the premium cards sector and further cementing Burgan’s position as one of the leading financial institutions in Kuwait.
“We are honored to receive this prestigious award from our valued partners at Visa and to be recognized for the first time as the best in Kuwait for growth in active premium cards, which emphasizes Burgan’scommitted forward-looking vision for developing a comprehensive suite of advanced and smart payment solutions that are in tune with our customers’ modern lifestyles and evolving aspirations,” commented Mr. Manaf Al-Menaifi, Acting General Manager – Retail Banking at Burgan Bank.“This achievement wouldn’t have been possible without the synchronized and harmonious efforts exerted by the Retail Banking and Private Banking teams including consistently researching the market and gathering timely insights, keeping abreast of the latest in fintech trends, fortifying our banking experience with robust security measures, and of course continuing to lead with innovation.”
Al-Menaifi added that the continuous expansion of Burgan’s competitive portfolio of debit, credit, and prepaid cards and their prominence as a top-of-wallet market choice stems from the broad spectrum of payment solutions that the cards facilitate, whether through the physical use of the cards or their integration with mobile payment solutions, fast remittance and transfer applications, as well as online banking. In addition, the Bank continues to center the development of its card on segment-specific needs, guaranteeing that each card offers its target audience a holistically bespoke and premium experience
On his part, Mr. Meshari Abduljalil Shehab, General Manager – Private Banking and Wealth Management at Burgan Bank, said: “On top of the given convenience and banking excellence that Burgan Bank delivers to allofits customers, our Private Banking experience further incorporates uncompromising status and luxury into its DNA. In an effort to provide our esteemed customers with a card that reflects their fine taste and elevated choice, we are proud to develop a dedicated suite of banking cards for our Elite and Premium segments, featuring a wide range of benefits and promotions in partnership with leading and premium service providers.”
It serves to note that,over the course of their partnership, Burgan Bank and Visa have collaborated on launching a wide range of innovative bank cards that meet customers’ ever-changing needs and offer countless benefits, specifically designed to meet the different segments’ varying aspirations. The loyalty programs offered to Burgan Visa cardholders include a spectrum of benefits ranging from exclusive discounts and offers to redeemable reward points for airline miles, allowing customers to enjoy a world of luxury and comfort, outstanding experiences, and world-class services.
KUWAIT CITY, Sep 16: As of September 16, 2025, Carrefour has officially announced that it will cease all operations in Kuwait. In a message to customers, the management expressed “sincere gratitude” for decades of support and patronage. Carrefour was introduced to the Middle East region in 1995 by Majid Al Futtaim (MAF), which secured exclusive franchise rights and has since operated Carrefour stores in multiple countries, including Kuwait.
In Kuwait, before this closure notice, Carrefour had been expanding. In February 2022, Carrefour (owned by MAF) opened its ninth supermarket in the country in the Khairan area, offering about 15,000 local and imported items.
In Oman, Carrefour ceased operations effective January 7, 2025, as announced by Majid Al Futtaim. The closure was followed by the launch of a new chain called HyperMax to replace Carrefour stores there. Similarly, in Bahrain, Carrefour operations ended as of September 14, 2025, and again, Majid Al Futtaim replaced them with its HyperMax brand. The change also involved local partners, suppliers, and about 1,600 employees.
KUWAIT CITY, Sep 16: As of September 16, 2025, Carrefour has officially announced that it will cease all operations in Kuwait. In a message to customers, the management expressed “sincere gratitude” for decades of support and patronage. Carrefour was introduced to the Middle East region in 1995 by Majid Al Futtaim (MAF), which secured exclusive franchise rights and has since operated Carrefour stores in multiple countries, including Kuwait.
In Kuwait, before this closure notice, Carrefour had been expanding. In February 2022, Carrefour (owned by MAF) opened its ninth supermarket in the country in the Khairan area, offering about 15,000 local and imported items.
In Oman, Carrefour ceased operations effective January 7, 2025, as announced by Majid Al Futtaim. The closure was followed by the launch of a new chain called HyperMax to replace Carrefour stores there. Similarly, in Bahrain, Carrefour operations ended as of September 14, 2025, and again, Majid Al Futtaim replaced them with its HyperMax brand. The change also involved local partners, suppliers, and about 1,600 employees.
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