14 Established 1961 Business Wednesday, February 12, 2020 KFH wins ‘Top Private Sector Recruiter for National Talents’ in 2019 from PAM Bank platinum sponsor for ‘Because You Deserve 3’ event

KUWAIT: Kuwait Finance House (KFH) has won the Public Authority of Manpower. “top private sector recruiter for national talents” award Al-Mutairi added that the interest in youth talents is for the year 2019, from the Public Authority of one of the main pillars of the bank’s strategy, and there- Manpower. This award comes in recognition of the bank’s fore the bank is committed to providing an integrated exceptional efforts in recruiting national employees, system of services in various fields, whether in terms of specifically during the season “because you deserve 2”. human resources and employment, banking and social The award was during the participation of KFH as a plat- fields, supporting and empowering entrepreneurs and inum sponsor in the press conference that announced the intellectuals. He explained that KFH has a proven track launch of the event of employment of national youth in record of initiatives aimed at supporting youth, includ- the private sector, “because you deserve 3”. The press ing “Forsah” program for outstanding young national conference was hosted by the Public Authority of graduates with the aim of developing their skills and Manpower at its headquarters in Al-Riggae. preparing them with the highest standards to enter the During his speech at the press conference, Deputy employment market. General Manager HR Operations and Rewards at KFH, Al-Mutairi said: “As a continuation of KFH’s plan for Talal Al-Mutairi, expressed his pride in winning the digital transformation, we have been attracting outstand- award, stressing that it reflects KFH’s leading role in ing national graduates in Information Technology majors localizing employment and raising the efficiency of through “Forsah” program to develop their skills and national talent. prepare them with the highest standards in collaboration He pointed out that the participation of KFH in the with the University of California, Berkeley, USA.” Al- event “because you deserve”, which has achieved great Mutairi concluded by thanking the Public Authority of success in previous years, comes within the framework Manpower, Organizers, Participants and Attendees. He and keenness of KFH to offer job opportunities for stressed that KFH will continue its leadership in attract- national talent sought to work in the private sector. He ing and qualifying national youth talent, with a commit- noted that KFH is one of the leading banks in attracting ment to support nationalizing employment efforts and and training national employees and qualifying them to implementing an integrated strategy for training and tal- Talal Al-Mutairi receiving the award work in the banking sector in cooperation with the ent development. enters Burgan Bank launches its Boubyan Bank’s top 10 list of new online and mobile Deputy CEO to banking platform most valuable attend Service KUWAIT: Burgan Bank is pleased tionally directly from their mobile brands to announce the launch of its new device, and much more improved online and mobile Banking platform. functionalities to help manage their Hero’s conference KUWAIT: Huawei has been named as one The new and improved digital inter- business better. KUWAIT: Abdulla Al- of the top 10 most valuable brands for the face that went live today In line with the bank’s Tuwaijri, Boubyan Bank’s first time ever in the reputed Brand Finance is part of a broader dig- aim to ensure optimal Deputy CEO, will participate in Global 500 2020 report. The report esti- ital initiative to provide customer satisfaction Service Hero’s conference to mates that Huawei’s brand value is now our esteemed customers through the introduction be organized to mark 10 years worth over $$65 billion, which is up 4.5 per- with an enhanced omni - of new services and since the launch of its customer cent year on year. channel customer expe- products, Raed Al- service excellence awards. The According to Brand Finance, the global rience via the web and Haqhaq, Deputy Group conference will be held at transition to 5G connectivity beginning in within a mobile app. The CEO & CEO - Kuwait Sheikh Jaber Al-Ahmad 2019 saw fierce competition amongst tech- redesigned platforms stated, “As we introduce Cultural Centre on Sunday, nology companies. In this environment, are now fully accessible our modernized plat- February 16th 2020. Huawei successfully expanded into markets from computers, tablets forms, we present Burgan Boubyan Bank will partici- Abdulla Al-Tuwaijri traditionally covered by Western providers, and mobile devices, and Bank customers with the Raed Al-Haqhaq pate in the conference since it and despite some controversy in the US, the is designed to be visu- option to carry out their testifies to one of the most company made clear headway. Overall, the ally appealing and transactions and do just prominent success stories over the recent years not report notes that global consumers continue user-friendly. about everything they only at the level of the banking sector, but also the pri- to hold the tech sector in high regard. Constructed to enrich want to do in our branch- vate sector, owing to the achievements made by the The recognition from Brand Finance fol- the user experience, the es more seamlessly bank over a short period. lows Huawei overtaking Apple to become the innovative platforms through our upgraded In addition to the bank’s success story, Al-Tuwaijri world’s second bestselling brand incorporate a modern online offering and at will speak during his session about the importance of in 2019, according to reports from Strategy design and responsive their convenience.” customer service and the success that can be achieved Analytics, Counterpoint Research, and technology to seamless- “While developing the by any institution in case of focusing on this important Canalys. Its smartphone business shipped ly optimize viewing new platform experience, aspect in its services and products. Al-Tuwaijri will fur- 240 million units globally throughout 2019. capabilities for all client engagement was ther dwell on the path followed by Boubyan Bank to Huawei also remains the world’s leading devices and screen sizes. the key. The platform become an example to follow on the regional level in maker of telecom networking equipment in Among the many new redesign was based on Venkat Menon terms of digital banking, investment in technology, and addition to providing end-to-end solutions in features and improve- feedback from our clients acquiring significant market shares. computing and device technologies. The ments offered, the new who will start to see visu- Service Hero is organizing this conference for the company is an active member of more than prise and consumer segments in 2019. platforms have a consistent look and al changes and a new unified design first time to celebrate 10 years since the launch of 400 standards organizations, industry Dominance in the 5G space was bolstered by feel across all devices; a quick view as part of an overall evolution of our Service Hero Awards to recognize customer service alliances, and open source communities, and new AI capabilities and chipsets. Huawei dashboard; services such as eZpay digital banking experience. Future excellence. Over the past years, Boubyan Bank has last year ranked fifth on the 2019 EU brought many of these capabilities to the and a faster and easier Bill Pay func- planned releases will enable us to been named the Best Islamic Bank in Customer Service Industrial R&D Investment Scoreboard as Middle East as a partner of choice to telecom tionality. Commercial entities can provide more personalization based in Kuwait in addition to being named the Best in cus- one of the biggest investors in research and operators, governments, and enterprises. now view POS transactions, trade on the client’s relationship with us,” tomer service in Kuwait atop all institutions in the pri- development worldwide. Globally, more than 700 cities and 228 related transactions, send payment said Venkat Menon, Group Chief vate sector. This focus on innovation enabled Huawei Fortune Global 500 companies have chosen instructions domestically or interna- Operations & Technology Officer. to expand its solutions portfolio across enter- Huawei as their digital transformation partner.

some changes.” One bright spot for the Daimler profits carmaker was robust sales. Intel, Vivo drop out of Against the backdrop of softer demand in global auto markets, Daimler plunge in 2019 was able to maintain unit sales at key mobile fair around the previous year’s level of 3.3 on costs from million vehicles, while boosting revenue over virus fears 3.0 percent to 173 billion euros. Those figures are the foundation for Daimler’s ‘dieselgate’ more positive 2020 outlook, calling for MADRID: US chip giant Intel and Chinese phonemaker revenue “stable” at last year’s level, with Vivo withdrew from the Mobile World Congress over coron- operating profit “significantly above” avirus fears yesterday, adding to a lengthening list of indus- STUTTGART: Daimler’s chief execu- 2019’s 4.3 billion euros. try heavyweights pulling out of the world’s top mobile fair. tive Ola Kallenius suffered a grim first The annual Barcelona-based congress normally draws more year in 2019 as profits tumbled at the First loss in a decade than 100,000 people from all over the world, but this year, Mercedes-Benz parent company due to In July, Daimler reported its first quar- participation has been badly hit by the outbreak of the virus, billions in costs from the “dieselgate” terly loss in a decade for April-June, which emerged in China at the end of the year and has since scandal while thousands of job cuts lie while last month it warned that its full- claimed more than 1,000 lives. ahead. “We cannot be satisfied with our year results would come in below expec- STUTTGART: Ola Kaellenius (center), CEO of Daimler AG, Harald Wilhelm, (left) CFO of Over the past week, a string of major tech names have bottom line,” Kallenius said yesterday, tations. Germany’s KBA transport Daimler AG and Martin Daum (right), member of the executive board and CEO of dropped out, among them Sony, Sweden’s Ericsson, South pointing to “measures to cut costs and authority has ordered more than a million Daimler Trucks AG pose during the company’s annual press conference in Stuttgart, Korean giant LG and Japan’s NTT DoCoMo, raising ques- to increase cash flows” after net earn- Daimler-built vehicles recalled, mostly southern Germany, yesterday. — AFP tions as to whether the event would be cancelled. “The safe- ings slumped 64 percent to 2.7 billion over dieselgate. The firm still contests ty and wellbeing of all our employees and partners is our top euros ($2.9 billion). whether “motor control functions” cited DAX blue-chip index up 0.8 percent. investment must come from cost sav- priority, and we have withdrawn from this year’s Mobile Top of Stuttgart-based Daimler’s list by regulators are in fact illegal. ings, with Kallenius aiming to find “over World Congress out of an abundance of caution,” said an of problems is dieselgate, a cash black But it agreed to pay an 870-million- Cost-cutting 1.4 billion euros” from job cuts. A reduc- Intel statement sent to AFP. hole that sucked in some 4.0 billion euro fine for selling infringing vehicles, Like carmakers across the sector, tion of more than 10,000 posts from Vivo, which is one of the world’s top five smartphone euros last year in provisions for “gov- weighing on both the cars and vans Daimler has ambitious plans to slash Daimler’s worldwide staff of 300,000 manufacturers, also confirmed it would not be present at the ernmental and legal proceedings and divisions. Daimler’s vans unit was espe- carbon dioxide (CO2) emissions from its has already been announced, mostly via show, a key date in the tech calendar where firms unveil their measures”. The total charges mounted cially hard hit, reporting an operating vehicles, aiming to avoid swingeing fines non-replacement of departing employ- latest gadgets and innovations. “In light of the current situa- to 5.5 billion euros when counting in a loss of 3.1 billion euros, while at the flag- under tighter EU regulations that come ees, early retirement schemes and vol- tion, we have taken the decision not to attend MWC 2020 or mass recall of vehicles fitted with faulty ship cars division operating profit was into force this year. “It is possible” to untary redundancies. any other associated event in Barcelona at the same time” it airbags from supplier Takata. On top of slashed in half, to 3.4 billion euros. meet the greenhouse limits, although Aside from the slimmer headcount, said, pledging to postpone the presentation of its latest those costs, massive investments in With performance flagging, bosses “2020 and 2021 will be the toughest the firm will also “simplify” its model mobile offering. “The health and security of our employees new technology such as battery-pow- plan to offer shareholders a dividend of years,” Kallenius said. range, eliminating little-sold or low- and the wider public are a priority for us,” it said. ered and automated cars weighed on just 90 euro cents, down from 3.25 Daimler should have pushed into margin cars and slashing investment Vivo is the second Chinese firm to withdraw from the profitability. euros in 2018 and well short of the 1.53 battery and hybrid power sooner, he where it sees little prospect of them show after Umidigi, a smaller handset maker, pulled out on “Daimler is under more pressure than euros forecast by analysts. added, but now “aims for very fast turning profitable. Monday. For now, China’s top smartphone manufacture ever after the catastrophic results for Just after midday in Frankfurt (1105 growth” from two percent last year to “We are determined... to significantly Huawei as well as its smaller rival ZTE are still set to attend 2019,” NordLB bank analyst Frank GMT), Daimler’s shares had given up an nine percent “in 2020”. Tight margins improve profitability,” said Kallenius, and have said their executives and staff would undergo a Schwope commented. “It’s five minutes early morning rally, trading down 0.1 on newer models and a bleaker eco- who took the reins at Daimler after the self-imposed two-week quarantine period before appearing before midnight, high time to make percent on the day at 43 euros against a nomic outlook mean the funds to power 13-year reign of Dieter Zetsche. — AFP at the show. — AFP