Intelligent CIO Kuwait Issue 5 | Page 15

PROJECT UPDATE 1. THE LATEST FROM KUWAIT AHLI BANK OF KUWAIT (ABK) Ahli Bank of Kuwait (ABK) has announced the launch of the new Tasdeed service to enrich its portfolio of innovative products and services under its ‘Simpler Banking’ strategy. The solution caters specifically for Point Of Sale (POS) and E-Com Online Payment Gateway transactions to the Kuwait ministries and government authorities. Cardholders cannot use the card for any other form of payment. The Tasdeed service can be requested through any ABK branch and is exclusively for ABK customers. 2. KUWAIT AIRWAYS Kuwait Airways has signed a MoU with the Dutch Personal Air Land Vehicle ‘Pal-V’ Flying Cars manufacturing company to provide maintenance services to this type of flying car in the Gulf and the Middle East. The agreement is expected to provide a fruitful partnership for both parties and strengthen relations between the Netherlands and Kuwait in the political and economic arenas. INTELLIGENTCIO 15