10 Established 1961 Wednesday, March 3, 2021 Business China’s club swells as market rally offsets virus pain Over 200 billionaires were created in China last year

BEIJING: More than 200 billionaires were creat- preneurs has come under pressure from regula- ed in China last year as booming stock markets tors, who have reigned in Alibaba and fintech arm and a flood of new listings offset the ravages of Ant Group on anti-trust issues. Three individuals the virus pandemic, according to a global tally globally added more than $50 billion in a single released yesterday. year, the survey found: Tesla’s , The size of China’s exclusive ’s club Amazon’s and Colin Huang of has almost doubled in the past five years as the Pinduoduo, one of China’s fastest-growing ecom- world’s number two economy continued to out- merce players. pace most others, and its ability to mostly avoid Overall, China continues to lead the world’s the worst of the coronavirus meant it was one of wealth creation, Hurun’s report said, adding 490 the few to expand in 2020. And the Hurun Global new billionaires in the past five years compared Rich List showed 259 people breaking into the with the 160 added in the US. Hurun Report billion-dollar bracket-more than the rest of the chairman Rupert Hoogewerf said that even with world combined-taking China total to 1,058, the the pandemic chaos, the past year saw the first country to break the 1,000 mark. biggest wealth increase of the past decade due to In comparison, second best performer the new listings and booming stock markets. United States saw 70 new billionaires created, “Asia has, for the first time in perhaps hun- taking its total to 696. Leading the Chinese pack dreds of years, more billionaires than the rest of was Zhong Shanshan of bottled water giant the world combined,” he added. The report also Nongfu, who entered the list for the first time flagged a shift in Hong Kong, pointing out that with an $85 billion fortune, putting him number the city’s entrepreneurs are now being one in Asia and into Hurun’s global top 10. Zhong, “dwarfed” by their counterparts in the main- a former construction worker, made his cash fol- land-only three Hong Kong tycoons make it into lowing a $1.1 billion initial public offering in Hong the China top 50. BEIJING: Men chat below a portrait of late communist leader Mao Zedong at a store in Beijing yes- Kong last year. Six of the world’s top 10 cities with the highest terday ahead of the upcoming annual meeting of the National People’s Congress. More than 200 However, a clampdown on ecommerce giant concentration of billionaires are now in China, billionaires were created in China last year as booming stock markets and a flood of new listings Alibaba saw tycoon fall down the peck- with Beijing top of the heap for the sixth year offset the ravages of the virus pandemic, according to a global tally released yesterday. —AFP ing order. The one-time darling of China’s entre- running. —AFP

quarterly draws with KD 100,000 prizes each, a “Visit Gulf Bank” app for March 31 last date semi-annual draw prize of KD 1,000,000 and a a faster and more conven- grand draw prize of KD 1,500,000. ient branch visit. New customers can also open Al-Tijari announces to enter Gulf Bank’s Numerous benefits an Al-Danah account by The Al-Danah account is the only account that visiting their nearest Gulf millionaire draw rewards customers for their loyalty by providing Bank branch or by sched- winners of Al-Najma loyalty chances. Loyalty chances are the total uling an appointment KUWAIT: Gulf Bank has announced that the last chances gained in the previous year, which are then through the app. weekly, monthly draws chance to participate in this year’s semi-annual Al- transferred to the current year to reward customers Danah account draw for the millionaire prize of KD for their loyalty to the Bank. Accordingly, all Deposit more for more KUWAIT: Commercial Bank conducted the weekly and 1,000,000 will end on March 31. The draw to chances gained by existing Al-Danah customers in chances to win! monthly draws on Al-Najma Account and Salary Transfer announce the Al-Danah account’s semi-annual win- 2020 have been transferred to the 2021 draws, and With Gulf Bank, Mohammed Al-Qattan Campaign yesterday. The draws were conducted in the ner will be held on July 15, 2021 in the presence of this will be repeated in 2022 onwards. Terms and depositing into an Al- presence of Ministry of Commerce and Industry repre- representatives from the Ministry of Commerce and conditions apply. It is also worth noting that all Danah account is easier and more secure than ever, sentative Ahmed Al-Basman. from Ernst & Young. account draws are attended by a representative as clients can deposit into their accounts through Gulf Bank’s General Manager of Consumer from the Ministry of Commerce and Industry, with the following channels: Online/Mobile Banking App The results of the draws were as follows: Banking, Mohammed Al-Qattan, encouraged both the quarterly and annual draws also reviewed by which includes the ePay service, ATMs and ITMs, 1 Al-Najma monthly draw - the prize of KD 20,000 Kuwaiti and non-Kuwaiti residents of the country to Ernst & Young. the Customer Contact Center at 1805805 which is went to the winner Faisal Jassim Al-Sarraf. take advantage of this opportunity, saying: “At the Customers can deposit to win Al-Danah cash available 24/7, in addition to the free standing order 2 Al-Najma weekly draw - the prize of KD 5,000 went beginning of the year, we announced the lucky Al- prizes throughout the year as part of the draws list- service from other Gulf Bank accounts. to the winner Abdullah Zaid Al-Zaid. Danah account winner who took home the annual ed in the following table: Gulf Bank’s Al-Danah account is open to both 3 Salary account campaign - the prize of up to KD Kuwaiti and non-Kuwaiti residents of Kuwait. A 1,000 went to the winner Rasheed Mohsen Al-Enezi. grand prize of KD 1,500,000. As we have previously Annual grand prize minimum of KD 200 is required to open an account The bank stated that the salary campaign is aimed at announced, and as part of our new draw scheme, we customers who transfer their salaries of KD 500 or more are excited to be announcing two new millionaires To increase their chances of winning, account and the same amount must be maintained for cus- to the bank, especially Kuwaiti employees and residents per year with the Al-Danah account, and will be giv- holders must either keep their account with a mini- tomers to be eligible for the upcoming Al-Danah working in the government, oil sectors and companies ing away a grand prize of KD 1.5 million to one win- mum deposit amount of KD 200, or increase their draws. If the customer’s account balance falls below listed with the bank as well as retirees, and take advan- ner, and a semiannual prize of KD 1 million to the Al-Danah savings - the more deposits into an KD 200 at any given time, a KD 2 fee will be tage of the benefits of this campaign and get an instant other. Today, I would like to remind all Gulf Bank account, the more chances accumulated over time. charged to the account monthly until the minimum cash gift from KD 250 to KD 500 or an interest-free loan customers of this opportunity, and to encourage Gulf Bank’s Al-Danah account holders also have the balance is met. Customers who open an account of five times the salary and a maximum of KD 10,000, everyone to participate by opening and depositing opportunity to enter and win cash prizes all year and/or deposit more will enter Gulf Bank’s Al- Kuwaiti pensioner, along with expatriate customers who into an Al-Danah account online through the Gulf long through monthly, quarterly and annual draws. Danah draws throughout the year, for cash prizes transfer their debt amounting to KD 10,000 or above to Bank app, or through visiting one of our branches. totaling up to more than KD 2 million. the Bank will receive an instant cash gift of 1 percent from We are wishing everyone the best of luck!” Opening an Al-Danah Account To deposit into an Al-Danah account, customers their transferred debt. The Al-Danah account is one of the most To enter the upcoming draws, Gulf Bank cus- can visit one of Gulf Bank’s branches, or transfer The bank stated that Al-Najma Account prizes are rewarding savings accounts in Kuwait, with its peri- tomers can open an Al-Danah account today with directly through Gulf Bank’s Online/Mobile Banking distinguished by the highest cash prize and diversity of odic draws that award valuable prizes and its many only KD 200. To open an Al-Danah account, existing services. Customers can also direct their queries via prizes throughout the year clarifying that the account advantages for account holders. Gulf Bank’s Al- Gulf Bank customers can apply through Gulf Bank’s WhatsApp on 1805805 for round-the-clock assis- offers weekly prize of KD 5,000, monthly prize of KD Danah account offers monthly opportunities to win online and mobile banking services, or book an tance from Gulf Bank representatives, or call the 20,000 and a semi-annual prize of KD 500,000 in addi- KD 1,000 to ten lucky winners, in addition to two appointment at their nearest branch by using the new Customer Contact Center on the same number. tion to the largest prize - linked bank account payout of KD 1,500,000. Al-Najma Account can be opened by depositing KD National Bank of Kuwait, said: “We are keen to pro- exclusive booking of 100, and customer should maintain a minimum amount of NBK launches home vide the latest services to Privilege Banking enjoying dinner at KD 500 to be eligible to enter all draws on Al-Najma Customers, always for the first time in Kuwait, giving Melenzané by the Sea, at Account prizes. As for the chances of winning, the more them an exceptional banking experience packed with Messilah Beach on the 1st balance a customer maintains in Al-Najma Account, the banking service for exclusive services that reflect NBK’s leadership and and 2nd of December more chances the account holder will get to win, the care for its customers’ convenience.” 2020. NBK provides account also offers additional benefits like the ATM card, first time in Kuwait “We strive to tailor all banking products and serv- Privilege Banking a credit card against customer’s account and all CBK ices to meet our customers’ needs and expectations, Customers with an exclu- banking services that customer can enjoy. especially for Privilege Banking Customers, consider- sive array of services, The bank revealed that Al-Najma account is available KUWAIT: National Bank of Kuwait (NBK) is keen to to everyone, and anyone can open Al-Najma account enrich the banking experience of Privilege Banking ing their unique lifestyle and fulfil their needs in a including: a dedicated through CBK mobile application in simple steps from Customers. In this context, the bank launched NBK quick, easy and safe way,” he added. Hashim pointed relationship manager tak- anywhere and at any time. Home Banking Service to help ensure customers’ out that the new service comes as part of NBK’s ing care of all customer’s safety and convenience by delivering Cash and Non- strategy to ensure customers’ safety and conven- banking needs, access to Mohammed Akram Cash Statements/Certificates at the comfort of their ience, especially in light of the prevailing exceptional Premium Banking Hashim homes, becoming the first bank in Kuwait to launch circumstances. NBK recently launched several offers lounges, diverse invest- this service. and products for Privilege Banking Customers ment solutions including: SmartWealth and Watani Burgan Bank announces Through the new service, Privilege Banking including: first year free NBK Visa Infinite Credit Brokerage, Premium Banking Teller Services which Customers can request cash amounts up to KD Card, which entitles them to earn NBK Miles Points, grants them priority in making their transactions in a winners of Yawmi 10,000, many certificates such as: Balance free access to more than 1000 airport lounges quick and easy way, in addition to card home deliv- Certificate, Account statement, Account Statement worldwide, local and global concierge, free travel ery service, priority status when contacting NBK account draw for Credit Card, Tuition Fees Certificate ...etc. and get insurance, free valet parking in Kuwait, as well as Call Center on 1801801 available 24/7. these requests delivered to their homes through the exclusive international offers when shopping, dining Privilege Banking Customers get International KUWAIT: Burgan Bank announced yesterday the Concierge Service. or visiting entertainment destinations. Mortgage services spanning 15 countries around the names of the daily draw winners of its Yawmi On this occasion, Mohammed Akram Hashim, Additionally to meet NBK Privilege Banking world, benefiting from the broad footprint of NBK account draw, each taking home a cash-prize of KD Head of Segments, Consumer Banking Group, Customers life style, NBK recently arranged for an external branch network. 5,000. 3. Khalil Hussain Ghanem 20. Madhuri Ravi and Ravi Kishen 42. Mohan Bahadur Pun The lucky winners are: 21. Syed Ghouse Mahmoud 43. Jasmine Patrao 1. Bader Khaled Alfaleh Burgan Bank Winners of KD 250 22. Ahmad Romayez Zerkani 44. Salamah Nashaat Ibrahim 2. Majid Hilal Altameemi 4. Kisan Gurung 23. Abdulaziz Naser Alfayez 45. Nawaf Saoud Ajlan 3. Adel Fassal Alibrahim reveals 5. Mohammad Bakeet Aldosari 24. Yasmin Abdulkrim Yousif 46. Biswajeet Kundu 4. Saad Dhaher Alrasheedi 6. Fouzeyah Abdalhussain 25. Hessa Hamad Bani 47. Raed Sultan Alkhamees In addition to the daily draw, Burgan Bank also Ashkanani 26. Elmer de Romero 48. Ali Abdulsattar Maihoub offers a quarterly draw with more chances to win National Day 27. Najah Mohammad Aldhafeeri 49. Haidar Hossain Alaluddin higher rewards, offering the chance to one lucky cus- Winners of KD 100 28. Victor Menezes 50. Ali Chujaa Alabed tomer to win KD 125,000 every three months. The draw winners 7. Abdullah Salah Yousef 29. Abian Halal Qaoud 51. Joel Parohinog Yawmi Account offers daily and quarterly draws, 8. Hessah Farraj Aljassar 30. Swamy Mani 52. Adel Abdulmohsen Alkayyal wherein the quarterly draw requires customers to KUWAIT: Burgan Bank announced 9. Mohammad Talal Alsyoufi 31. Muneerah Ali Alroumi 53. Mohammad Ahmad Almahana maintain a minimum amount of KD 500 in their yesterday the names of the special 10. Musaed Humoud Aldhafeeri 32. Nawwaf Haser Alhajri 54. Awatef Ahmad Alomar account for two months prior to the draw date. draw that was held in celebration of 11. Mona Zahed Ali 33. Sameh Magdy Abgad 55. Wafa Ali Aljarwan Additionally, every KD 10 in the account will entitle the 60th anniversary of Kuwait’s 12. Raju Titung 34. Sadeesh Rutnam 56. Esam Abdulsattar Awadh customers to one chance of winning. If the account National Day wherein 60 Burgan 13. Awrad Farhan Habeeb 35. Ehab Mohammad Hussain 57. Musaed Mohammad Alsarraj balance is KD 500 and above, the account holder will Bank customers won cash prizes. 14. Ahmed Saad Alazmi 36. Fareed Hussain Ali 58. Sumandass Vijayalakshmi be qualified for both the quarterly and daily draws. The lucky winners are: 15. Murad Adel Meshael 37. Taher Hamad Aljadi 59. Daliya Hanifa Aslam Burgan Bank encourages everyone to open a Winner of KD 1,000 16. Saifuldin Kaderali and Rashida 38. Wilyam Abdulrahman Alsaloua 60. Elizabeth Zakariya Yawmi account and/or increase their deposit to 1. Abraham Fallomthottial Romsoor 39. Syed Abdulazeem Syed Abuul The draw took place on 1 March maximize their chances of becoming a winner. The 17. Salah Jassim Allanqawi Azeem 2021 in the presence of a represen- higher the level of the deposit, the higher the likeli- Winners of KD 500 18. Rajshekhar Sagun 40. Eva Fialova tative from the Ministry of hood to win. 2. Kerolos Kerolos 19. Hamzah Ibrahim Albuloushi 41. Essa Rashed Alsleimanei Commerce.