The National Bank of Kuwait (NBK) produced a wonderful TVC celebrating Kuwait National Month (February).
Rocket Internet AG announced by signing of the acquisition of 100% of the shares in Talabat, one of the leading players in the attractive online food takeaway market in the Middle East, headquartered in Kuwait, for approximately EUR 150 million. The closing of the transaction is expected in the next few weeks.
Talabat operates in Kuwait, Saudi Arabia, United Arab Emirates (“UAE”), Bahrain, Oman and Qatar with particularly strong market positions in Kuwait, UAE and Saudi Arabia. It currently cooperates with more than 1,300 partner restaurants including major brands like Burger King, KFC, JonnyRocket, Hardees, TGI Fridays, Pizza Hut, PizzaExpress, PapaJohn and Subway.
With this transaction, Rocket attains leading market positions in the top two markets in the Middle East, Saudi Arabia and United Arab Emirates – countries characterized by the highest smartphone penetration in the world and large basket sizes offering a high potential for further growth. Furthermore, it gains access to new countries with highly attractive market fundamentals. Talabat.com will be part of the newly created Global Online Takeaway Group which Rocket announced last week in its business update.
Rocket’s mission is to become the world’s largest Internet platform outside of China and the United States. Rocket identifies and builds proven Internet business models and transfers them to new, underserved or untapped markets where it seeks to scale them into market leading online companies. Rocket is focused on online business models that satisfy basic consumer needs across three sectors: e-Commerce, marketplaces and financial technology.
Rocket started in 2007 and now has more than 25,000 employees across its network of companies, which operate in more than 100 countries on five continents. Rocket Internet AG is listed on the Frankfurt Stock Exchange.
Under the patronage of His Highness the Amir of Kuwait Sheikh Sabah AlAhmad AlJaber AlSabah and in partnership with the Kuwait Foundation for the Advancement of Sciences. The Kuwait Scientific Centre host the award-winning and international blockbuster exhibition “1001 Inventions” following successful residencies in major world cities and breaking visitor records at prestigious institutions. The interactive 1001 Inventions exhibition themed “Discovering Our Past – Inspiring Our Future” highlights over thousands years of scientific and cultural achievements.
Yesterday I attended the grand opening of 1001 Inventions. We started with watching the award-winning short film 1001 Inventions The Library of Secrets and follows with another file of young children journey exploring the era of the historically mislabelled Dark Ages. Then we explored the exhibition and play the various displays around the hall.
1001 Inventions already received more than six million visitors around the world in London, New York, Los Angeles,Washington DC, Doha, Abu Dhabi, Jeddah, Riyadh, Kuala Lumpur, Rotterdam, Sweden, Sharjah, Doha and Istanbul.
Finally, the exhibition is placed out Kuwait Scientific Centre in a large white tent.
Exhibition Start: 04 February 2015
Exhibition Date: 04 March 2015
Sunday to Thursday (09.00am – 1.00pm & 04.30pm – 09.30pm)
Friday (02.00pm – 10.00pm)
Saturday (09.00am – 09.30pm)
Ticket Fees: 2KD
CaliBurger the famous American burgers are now in Kuwait. Last week I attended the official grand opening of CaliBurger first branch at Miral Complex – AlManagaf [map]. CaliBurger are 100% lean grass-fed beef, hand selected produce and all sauces made in house. I haven’t tasted their food before. My feedback from the first taste, all burgers are deliciously made without any comments.