Small Enterprise (SE) Membership Category
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We are very pleased to introduce the new Small Enterprise Membership (SE) category! SE Membership category aims to support start-ups and small businesses with a start-up capital of less than 25,000 K.D. and 1 to 4 Kuwaiti employees.
Click
here
to see more information on SE Membership
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Newest Small Enterprise Member
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Crew Kuwait
We are excited to welcome our first Small Enterprise (SE) Member, Crew Kuwait.
Crew can offer its services at your home or office whenever needed. Get a quote for the service required at a predetermined price through qualified and experienced mechanics. This way, you can have your vehicle repaired without interrupting your daily schedule.
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Fireside Chat with Michael Timmeny
The American Business Council Kuwait- AmCham Kuwait (ABCK), in collaboration with AmCham Dubai, hosted a virtual fireside chat with Michael Timmeny, Cisco's SVP & Chief Government Strategy Officer. The webinar was moderated by Mac Fadlallah, Managing Partner of Akin Group.
For more information about similar upcoming webinars, please email us at communications@abckw.org
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Doing Business in the Arabian Gulf
On June 2, The U.S. Commercial Service hosted a webinar on Doing Business in The Arabian Gulf. The webinar was presented by speakers from Baker McKenzie, and the U.S. Embassies in Kuwait, AbuDhabi, Doha, and Muscat. The webinar provided critical information for U.S. companies interested in strengthening business relations and increasing exports in the region.
For more information about similar upcoming webinars, please email us at communications@abckw.org
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Partnering to enter the U.S. Government Construction Business
The American Business Council-AmCham Kuwait (ABCK) partnered with AmCham Bahrain to host a webinar on Partn
ering to Enter The U.S. Government Construction Business on June 9. The webinar was presented by Alix King, Vice President of Business Development and Contracts & Acting director of Proposals at RELYANT Global.
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Cisco Webinar- Securing Your Remote Workforce
On June 30, The American Business Council-AmCham Kuwait (ABCK) hosted a webinar with Cisco on the topic of: Securing Your Remote Workforce. The webinar was presented by Mr. Ayed Al Qartah, Technical Solutions Architect- Cyber Security.
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For more details or to register, please
click here
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Saudi Arabia, Kuwait working to restart Neutral Zone’s Wafra field: source
Saudi Arabia and Kuwait are working very hard to reopen the onshore Wafra oil field in the Neutral Zone shared between both countries, a source directly involved in the project said June 21. Arab news agency Attaqa reported on June 20 that Wafra is scheduled to restart on July 1, at 10,000 b/d initially and building up to 145,000 b/d by mid-2021.
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Covid-19 and the Gulf energy sector: business as usual?
The Covid-19 pandemic has proved a unique challenge for the global economy, and in particular the energy industry, which has witnessed a severe fall in demand in response to lockdown measures around the world. Despite this, major developments in the Gulf suggest that players are pursuing a business-as-usual attitude as they push ahead with major investment plans.
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Kuwait Commercial Flights to Restart from August 1
The government spokesman, Tariq Al-Muzarram, announced today, Monday, that the cabinet approved a 3-stage plan to restart commercial flights in Kuwait Airport starting from August 1, 2020. Al-Muzram added that the flights will be at an operational rate of no more than 30% according to health guidelines.
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U.S. - Kuwait Business Council hosts Strategic Planning Session
Last week, the U.S.-Kuwait Business Council held its first strategic planning session. Economic shutdowns, the largest global pandemic in 100 years, and oil market volatility have shocked the region. However, these challenges not only offer opportunities for diversification, but also reinforce the importance of the Council for commercial cooperation as we move forward.
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U.S. Chamber Hosts Webinar titled: From Great Lockdown to Great Transformation
The virtual event included remarks from U.S. Chamber Executive Vice President and Head of International Affairs, Myron Brilliant and IMF Managing Director, Kristalina Georgieva.
Topics of discussion included the proposed debt service suspension initiative and concessional financing, domestic resource mobilization, pathways to address a sustainable recovery by way of international trade, companies adopting “micro-measures” to reopen post-pandemic, digital transformation, and job creation.
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International Principles for Safeguarding Essential Economic Functions in the COVID-19 Pandemic
U.S. Chamber publishes international guidelines for safeguarding e
ssential economic functions in the COVID-19 Pandemic.
Governments should acknowledge the inevitable tension between social distancing (i.e., “shelter in place,” “stay at home,” and other quarantine orders) and the need to allow for essential economic activity. Taking the following principles into account will help in addressing this formidable challenge:
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The National Desert Storm and Desert Shield Memorial
The National Desert Storm and Desert Shield Memorial in Washington D.C. will stand as a remembrance of the important events which took place in 1990 and 1991. Our goal is to break ground on the Memorial in February 2021 to coincide with the 30th Anniversary of the Liberation of Kuwait.
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The Deadlines to File and Pay 2019 Federal Income Taxes Postponed to July 15, 2020
WASHINGTON ― As the 2019 tax filing and payment deadline approaches, the IRS reminds taxpayers and businesses that 2019 income tax liabilities as well as postponed April 15 and June 15, 2020 estimated tax payments are due July 15, 2020. This postponement provided temporary tax relief in response to the COVID 19 pandemic.
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Economic Impact Payments Updates
In the past two months, more than 159 million Americans have received Economic Impact Payments totaling almost $267 billion. Of the payments, 120 million were sent to Americans by direct deposit, 35 million by check and 4 million payments were made in the form of a pre-paid debit card. The IRS reminds many low-income Americans who don't usually file tax returns to
register
for a payment by October 15.
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IRS Announces Rollover Relief for Required Minimum Distributions from Retirement Accounts waived Under the CARES Act
The Internal Revenue Service today announced that anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts now has the opportunity to roll those funds back into a retirement account following the CARES Act RMD waiver for 2020. The 60-day rollover period for any RMDs already taken this year has been extended to August 31, 2020, to give taxpayers time to take advantage of this opportunity.
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IRS outlines changes to health care spending available under CARES Act
WASHINGTON — The Internal Revenue Service has advised that new rules under the CARES Act provide flexibility for health care spending that may be helpful in the current environment where more people may need at-home services due to measures to fight the coronavirus. Under the CARES Act, a high deductible health plan temporarily can cover telehealth and other remote care services without a deductible.
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AmCham Kuwait joins the AmCham MENA Regional Council as a Member
The AmCham MENA Regional Council is proud to announce the joining of The American Business Council of Kuwait-AmCham Kuwait as its new member organization. This affiliation marks an important stride for this regional network, adding over 600 new members to the Council Membership, now nearly over 5000 members representing different sectors around the region.
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Del Monte Continues Waste Management Efforts Sustainability Drive
Del Monte, a leading provider of fresh, healthy and great-tasting food to consumers around the globe, is continuing its sustainability drive by exerting more efforts in several fields such as
waste management
. The company carefully recycles cartons, plastic, nylon bags, metal etc. and has partnerships with various waste management companies for kinds of repurposed waste to achieve its sustainability objectives.
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Al-Babtain and TOTAL Celebrate Their Leading Position in Kuwait With Annual Dealer Meet
In this grand event, Al-Babtain Group in collaboration with TOTAL recognized and awarded the top performing retail customers for their significant contributions in 2017. The event was also the perfect platform to introduce the new range of TOTAL Quartz synthetic engine oils to the Kuwait market.
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Mitaş Energy Named as Key Player in Galvanized Steel Monopole Market 2026 Forecast
The global Galvanized Steel Monopole market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research’s latest publication, titled global Galvanized Steel Monopole market, offers an insightful take on the drivers and restraints present in the market Key Players include Mitaş Energy and Metal Construction
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Millennium Hotel & Convention Centre Kuwait selected among the
Top 50 Hotels
in the region
Eight of our Hotels and Resorts have been selected among the
#Top50Hotels
in the region by one of the most prestigious hospitality publications: Hotelier Middle East. Urban architecture, chic interiors, panoramic views, central locations, private beaches, rooms’ supply, palatial spaces, splendid F&B outlets and elegant services were among the parameters of selection.
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Honeywell introduced a fast, affordable Ultraviolet Cleaning System for Airplane Cabins
Honeywell has announced an exclusive strategic business relationship with Dimer UVC Innovations to bring ultraviolet-C cleaning to the aerospace industry. The Honeywell UV Cabin System applies UVC light to reduce various viruses and bacteria, to high-touch aircraft cabin surfaces. Compared to aircraft cleaning methods that have emerged since the COVID-19 outbreak, such as hand wiping or fogging, the Honeywell UV Cabin System only requires one operator and can cover targeted areas in a typical single aisle aircraft in lesser time.
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Zain Group Publishes Ninth Annual Sustainability Report: “The Road to the Future’
Embedding sustainability in every aspect of its business, Zain is dedicated to its digital strategy of consistently working towards developing the mobile telecommunications ecosystem centered on a vision of inclusive development that leads to socio-economic growth. In this consolidated Group-wide report, the company focuses on the concept of providing Meaningful Connectivity which triggers systemic change
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Diversity Inc. Names AIG in 2020 Top Companies for Philanthropy List
AIG is proud to rank #18 on
Diversity Inc
2020 Top Companies for Philanthropy list. Together with our colleagues, we’re working to make a positive difference in the communities we serve.
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Hill International Ranks 8th in ENR 2020 Top 100 Construction Management-for-Fee Firms
Engineering News-Record has announced the top 100 construction management-for-fee firms for the year of 2020. Hill International is proud to announce ranking
#8
on the list.
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A message from our Chairman’s Club Member, ABK
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We’ve taken all the necessary precautionary measures and we're excited to welcome you back!
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Cadillac Alghanim has launched Cadillac Live, the first virtual showroom in Kuwait and the region. Enjoy a virtual one-on-one personalized shopping experience tailored to your needs from your home and learn more about our vehicles, offers, test drive and more.
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ABCK Job Center
Send us the jobs you would like for us to share on our website. For more details, contact communications@abckw.org.
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