August 16 - AmCham Kuwait's Chairman's Club Member The Bridge Company hosted a Women in Business Diwaniya, in which each of the participants was able to share their background, expertise, as well as upcoming projects. Read more...

August 17 - ABCK - AmCham Kuwait Signed an MOU with The Business Year in order to strengthen their relationship and collaboration for the upcoming year. Read more...

August 17 - ABCK-AmCham Kuwait hosted a 2-session workshop on ‘How to do Business with the U.S. Military with speakers from the U.S. Army’s Regional Contracting Center- Kuwait (RCC-KU), the 408th Contracting Support Brigade (CSB), and the U.S. Air Force’s 386th ECONS Expeditionary Wing. Read more...

Women Economic Empowerment Platform in Kuwait

August 24 - The General Secretariat of the Supreme Council for Planning and Development (GSSCPD) through its Women and Business Committee organized a seminar on Women Empowerment Principles (WEPs) to explain the seven principles, share success stories and inspiring stories by current signatories and encourage new signatories. It was organized in collaboration with The American Chamber of Commerce in Kuwait (AmCham Kuwait) and WEP's current signatories and in support of UNDP and UN-Women. Read more...

August 30 - The ABCK - AmCham Kuwait in collaboration with the Australian Business Group-Kuwait, British Business Forum-Kuwait, Canadians in Kuwait, French Business Council-Kuwait, German Business Council-Kuwait, Lebanese Business Council- Kuwait, Portuguese Business Council- Kuwait, and Spanish Business Council- Kuwait held an Inter-Council Speed Networking Event, attended by their respective Members and friends. Read more...

ABK Continues to Educate Customers about the Value of Savings as Part of the ‘Let’s Be Aware’ Campaign

Al Ahli Bank of Kuwait (ABK) continues its support for the nationwide awareness campaign – ‘Let’s Be Aware’, launched by the Central Bank of Kuwait (CBK) and Kuwait Banking Association (KBA). The campaign aims to raise awareness about customers’ rights and responsibilities regarding banking products and services.

The ‘Let’s Be Aware’ campaign is geared towards educating consumers about the best use of banking products and services.

Read more...

360FM Hosts AIU on Diwaniya

Since its inception, American International University has been spearheading new and innovative ways of spreading knowledge among the regional population. The faculty at AIU have been selectively brought into Kuwait to impart their expertise onto the students there and beyond.

Over the last couple months, 360FM has teamed up with AIU to bring their faculty, staff and students closer to the public during their afternoon show, ‘Diwaniya’. Read more...

Al Mulla & Behbehani Motor Co. Receives MOPAR Vehicles Protection Award

Al Mulla & Behbehani Motor Company, a member of Al Mulla Group and the sole authorized distributor of Chrysler, Dodge, Ram, Jeep, Alfa Romeo, Fiat, Abarth and the MOPAR brands in the State of Kuwait, has recently received the Q2 2022 MOPAR Vehicles Protection (MVP) Award in the Regional Care Campaign, in recognition of the outstanding performance of its teams in the After Sales & Service categories. Read more...

AUK International Relations Students Attend Talk by President of UNGA: Invited by Ambassador Nasser Al-Sabeeh

AUK International Relations students were invited by Ambassador Nasser Al-Sabeeh, Director General of Saud Nasser Al-Sabah Kuwait Diplomatic Institute, to attend a talk by President of the United Nations General Assembly (UNGA), Abdulla Shahid. 

President Shahid, who also serves as the Minister of Foreign Affairs for Maldives, talked about the importance of youth and their role in politics. Read more...

Boeing Wins Key Missile Defense Contract, Tacking onto Two-Decade Partnership with the MDA

A 19-year partnership is no small feat. The question is, how do the American University of Kuwait (AUK) and Dartmouth College transcend borders to bridge a multinational, cross-cultural population to form a community of informed, worldly, lifelong learners? 

This year’s activities are a great example of how this relationship has been sustained throughout the years and still remains solid. Read more...

Cigna Grows ACA Marketplace Presence, Giving More Customers and Communities Access to Quality, Cost-Effective Care

BLOOMFIELD, Conn., Aug. 29, 2022 /PRNewswire

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/ -- Cigna (NYSE: CI) will provide more customers and communities access to affordable, predictable, and simple health care coverage in 2023 by expanding the reach of its ACA Marketplace exchange plans. During the upcoming Open Enrollment Period, which begins in November, Cigna health plans will be available on the individual exchange in three new states—Texas, Indiana, and South Carolina—as well as in additional counties in Georgia, Mississippi, and North Carolina. Read more...

Cisco appoints Abdelilah Nejjari as managing director for Gulf region



Nejjari brings over two decades of diverse experience in ICT and executive leadership to the role, including more than 15 years with Cisco.

Cisco has appointed Abdelilah Nejjari as the new managing director for the Gulf region. Based in Dubai, he will oversee all the company’s operations across the UAE, Qatar, Kuwait, Oman, Bahrain, Yemen, Pakistan, and Afghanistan. Read more...

24 MENA IPOs raise US$13.5 billion in H1 2022



According to the latest EY MENA IPO Eye report, the MENA region witnessed a 500% year-on-year increase in the number of companies listing during H1 2022 with 24 IPOs raising proceeds of US$13.5 billion – an increase of 2,952% in value when compared to the same period in 2021.

During the second quarter of 2022, MENA IPO markets saw nine IPOs raise approximately US$9 billion in proceeds. Although the number of IPOs decreased by 40% when compared with Q1 2022, the proceeds raised increased by 133%. Read more...

EQUATE GROUP PARTNERS WITH OMNIYA PROJECT MANAGEMENT COMPANY TO DRIVE SUSTAINABLE DEVELOPMENT IN KUWAIT

KUWAIT, Aug 10, 2022 — As part of its commitment to long-term sustainable development, the EQUATE Group, a global producer of petrochemicals, has signed a Memorandum of Understanding (MoU) with Omniya Project Management Company, a plastic recycling firm, in a bid to help close the loop on the plastics economy through the implementation of a joint community recycling program. Read more...

GAC Bahrain boosts renewable output with the solar development project

GAC Bahrain will be installing photovoltaic solar panels on the rooftop of its warehouse in Bahrain Investment Wharf in Al Hidd, as part of the wider GAC Group’s commitment to environmental protection and reduce its carbon footprint.

For the project, shipping and forwarding agency GAC Bahrain partnered with local renewable energy construction company Al Mannai Projects to install 552 solar panels that will generate approximately 300 KW of power to meet the facility’s electricity needs. Read more...

General Dynamics Land Systems to Provide Abrams Tanks to Poland Under $1.1 Billion Foreign Military Sales Order

STERLING HEIGHTS, Mich. – General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), announced today that it has been awarded a Foreign Military Sales order from the U.S. Army worth up to $1.148 billion to deliver 250 M1A2 SEPv3 Abrams main battle tanks to Poland.

The state-of-the-art M1A2 SEPv3 configuration features technological advancements in communications, fire control and lethality, reliability, sustainment and fuel efficiency, plus upgraded armor. Additionally, the SEPv3 Abrams is designed to seamlessly accept future upgrades.

Read more...

Gulf Insurance Group announces net profit of KD 15 million (US$ 48.9 million) at 27% growth for the first half of 2022

Kuwait City, 14 August 2022: Gulf Insurance Group (GIG) announced a net profit of KD 15 million (US$ 48.9 million), or 52.87 fils per share, for the first half of 2022, an increase of 27 percent over KD 11.8 million (US$ 38.3 million), or 53.51 fils per share reported for the same period last year. This increase is due to the improvement in the Group’s underwriting and investment performance compared to the same period last year.

Shareholder equity reached KD 184.4 million (US$ 600.9 million) as at 30 June 2022 with an increase of 42.5 percent compared to the KD 129.4 million (US$ 421.7 million) reported at 30 June 2021. Book value per share reached 650 fils as at the end of the first half of the current year. Read more...

Facing Business World Challenges: A Guide to Success

The world is in perpetual flux. From trends evolving day by day, dictating leaders to change their behaviors and insights towards their organizations and businesses, it is important to know how to deal with realities’ new aspects. For that, organizations are bound to implement new, adequate processes and approaches to their working strategies to stay competitive in the market. Read more...

Lockheed Martin Delivers Integrated Multi-Mission Laser Weapon System To The Navy

SAN DIEGO, Aug. 18, 2022 – Lockheed Martin (NYSE: LMT) delivered to the U.S. Navy a 60+ kW-class high energy laser with integrated optical-dazzler and surveillance (HELIOS), the first tactical laser weapon system to be integrated into existing ships and provide directed energy capability to the fleet. Integrated and scalable by design, the multi-mission HELIOS system will provide tactically relevant laser weapon system warfighting capability as a key  element of a layered defense architecture. Read more...

+UNDOCTOREDProCare calls for support for the Smokefree Environments Bill

ProCare, a leading healthcare provider, has called for the Government to proceed with the majority of the proposals outlined in the Smokefree Environments and Regulated Products (Smoked Tobacco) Amendment Bill as part of its submission to the Ministry of Health’s consultation on the Bill.

Bindi Norwell, Group Chief Executive at ProCare, says: “As an organisation we tautoko (support) the overall intent of the proposed Bill, which is aimed at reducing retail availability, amending the age limits, and reducing the appeal and addictiveness of smoked tobacco products to young people.

Read more...

US Air Force awards Raytheon Missiles & Defense $972 million for upgraded AMRAAMs

TUCSON, Ariz., Aug. 30, 2022 /PRNewswire/ -- Raytheon Missiles & Defense, a Raytheon Technologies (NYSE: RTX) business, is awarded a $972 million contract for upgraded AMRAAM® missiles. This is the first AMRAAM contract to produce an entire lot of AIM-120D3 and AIM-120C8 missiles developed under the Form, Fit, Function Refresh, also known as F3R, which updates both the missile's hardware and software. Read more...

Shell completes acquisition of renewables platform Sprng Energy group

Sprng Energy, set up in 2017 by Actis, is a renewable energy platform based in Pune, India, and develops and manages renewable energy facilities such as solar and wind farms and infrastructure assets.

The solar and wind assets Shell acquires through the deal will triple Shell’s present renewable capacity in operation and help deliver its Powering Progress strategy.

 Read more...

Waldorf Astoria opens in Kuwait

Earlier this month, Waldorf Astoria Hotels and Resorts opened a new property in Kuwait City.

Guests visiting the 200-key Waldorf Astoria Kuwait will witness traditional brand elements such as the iconic Waldorf Astoria Clock, adapted to reflect Kuwait’s cultural heritage, as well as The Library and Peacock Alley. Read more...

Zain joins UN Global Compact initiative for responsible business practices

Zain Group announces it has won the World Finance ‘Best Corporate Governance Award 2022’ for Kuwait for the second consecutive year. Zain’s Investor Relations and Corporate Governance Framework continue to attract high praise and gain market confidence as the functions provide stakeholders including shareholders, industry analysts, and regulatory authorities with accurate, timely, and actionable information in a transparent and accountable manner. Read more...

Amir address roadmap for political, parliamentary reforms: academics

KUWAIT CITY, Sept 3: Kuwait University (KU) academics said on Thursday that the speech of His Highness the Amir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, delivered on his behalf by His Highness the Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, had set the clear roadmap for political and parliamentary reformations. Read more...

Kuwait ranks 86th globally in Economic Complexity Index

KUWAIT CITY, Sept 3: In the Economic Complexity Index (ECI), Kuwait ranked 86th globally in terms of complexity of economy. However, the index showed that the country’s economy has become less complex than it was a decade ago, reports Al-Rai daily. Globally, Saudi Arabia ranked 42, Bahrain ranked 56, Qatar ranked 71, Oman ranked 79, and the UAE ranked 99. ​Read more...

‘Bank sector largest employer of Kuwait national workforce’

KUWAIT CITY, Sept 1: The Chairman of the Board of Directors of the Kuwait Banks Federation, Sheikh Ahmed Duaij Al-Sabah, said that the banking sector is the largest employer of the national workforce in the private sector, and is the most attractive sector for graduates looking for distinguished job opportunities, reports Al-Rai daily. Al-Sabah added that working in the banking sector contributes to realizing the ambitions of young national cadres, by supporting them in creativity and success, pointing to its contributions to qualifying and training young national cadres, to keep pace with global developments in the banking industry as one of the goals of sustainable development. Read more...

Kuwait ranks 2nd among GCC in 5G network availability

KUWAIT CITY, Sept 1: Kuwait ranked second among the Gulf Cooperation Council (GCC) countries in terms of the availability of the 5G telecommunications network, with a rate of 33.6%, according to a report issued by Opensignal, an analytics company measuring mobile network experience, reports Al-Qabas daily. In terms of download speed through the 5G technology, the UAE topped the GCC countries with a speed of 316.8 MB/s, with Qatar in second place with 278.5 MB/s, and then Kuwait with 263.4 MB/s. Read more...

Kuwait to hold parliamentary elections on Sept. 29

Kuwait will hold parliamentary elections on Sept. 29, state news agency (KUNA) reported on Sunday.

A ministerial decree published in the official gazette on Sunday called on voters to cast their ballots on Sept. 29. Read more...

Petrochemicals will account for more than 50% of global crude oil consumption by 2050: study - TimesKuwait

The analysis issued by the MEED magazine shows spending on the petrochemical industry great aspirations of the Middle East and North Africa region, as regional energy producers are more involved in the supply chains of petrochemicals in line with their efforts to maximize the value of each barrel of crude oil they produce. Read more...

MENA Project Tracker— KOC to tender $650m expansion project; ADNOC subsidiary awaits final bid for storage project

CAIRO: The Abu Dhabi National Oil Co. Onshore — a subsidiary of ADNOC — is awaiting a final bid for its contract, which will build underground crude oil storage facilities at the Jebel Dhanna Terminal in Abu Dhabi.

All fingers are pointing toward local contractor Al-Asab General Transport and Contracting as the bid winner as it matched the company’s price for the “Salt Dome” project. Read more...

Kuwait launches advisory economic unit

KUWAIT: Abdulaziz Dakhil Al-Dakhil, the head of the Kuwaiti Prime Minister’s Office, announced on Tuesday the launch of an advisory economic unit, The Bahrain News Agency reported.

The unit was established on the instructions of Prime Minister Sheikh Ahmad Al-Nawaf Al-Sabah, who will head it. Its members will comprise representatives from government agencies. Read more...

Kuwait, Iraq and US naval units conduct joint drills in Arabian Gulf

DUBAI: Kuwait’s navy conducted joint drills in the Arabian Gulf with Iraq’s navy and units from the US’ Fifth Fleet on Monday. 



The exercises were held to help bolster naval cooperation between the three forces, Kuwait’s Ministry of Defense said in a statement published by the state news agency, KUNA. Read more...

Kuwait extends bid deadline for two oil deals

Two contracts tendered by state-owned oil companies in Kuwait have been delayed amid an ongoing political deadlock in the country.

The scope of one of the contracts includes the construction of two new 132KV substations and 33 power lines in North Kuwait.

The bid deadline for this contract, which has been tendered by state-owned upstream operator Kuwait Oil Company (KOC), has been postponed from 4 September to 16 October, according to Kuwait’s Central Agency for Public Tenders (CAPT). Read more...

Kuwait Embassy in Washington warns against fake bodies

WASHINGTON, Sept 3: Kuwait Embassy to the US cautioned Saturday against some bodies asking citizens for money under the claim they represent the Embassy’s consular section in Washington. In a statement; a copy of which received by KUNA, the embassy added that those bodies demand some money from citizens in exchange for consular and/or academic services. The embassy affirmed that it does not contact citizens via either telephone or email for money.. Read more...

USDA Extends Flexibility that’s Helping Manufacturers, States get Formula to WIC Families

WASHINGTON, Sept. 1, 2022 – The U.S. Department of Agriculture is extending a key funding flexibility in the WIC program that has allowed state agencies and their infant formula manufacturers to work together to provide more options for WIC families in need of formula. Under this flexibility – which is now extended through the end of October– USDA is covering the added cost of non-contract formula to make it financially feasible for states to allow WIC participants to purchase alternate sizes, forms, or brands of infant formula. Read more...

Commerce Department Releases RFI Results on CHIPS Program

As the U.S. Department of Commerce prepares to announce its high-level strategy for the $50 billion Creating Helpful Incentives to Produce Semiconductors (“CHIPS”) for America Fund, in the coming weeks, the agency today released a summary of responses to a Request for Information (RFI) on incentives, infrastructure, research and development, and workforce needs to support a strong domestic semiconductor industry. Read more...

Joint Strategic Quality Council strategizes using DCMA Strategic Plan

ARLINGTON, Va.  –  

Defense Contract Management Agency team members met with other federal employees and defense contractors during the quarterly Joint Strategic Quality Council meeting at the Aerospace Industries Association headquarters in Arlington, Virginia, June 29.

JSQC is comprised of DCMA, contractors from all major defense acquisition programs, NASA, the Federal Aviation Administration, the National Defense Industrial Association, the Aerospace Industries Association and the Americas Aerospace Quality Group. Read more...

DOE Announces $46 Million to Explore New Technologies That Convert Carbon and Waste Into Clean Energy

WASHINGTON, D.C. — The U.S. Department of Energy today announced $46 million for 22 projects that will create biofuel energy to help decarbonize the transportation and power generation sectors. These innovative projects, led by universities, private companies, municipal resource management entities, and local governments, will develop waste conversion and carbon capture technologies to produce fuels from biomass and waste streams, and enable algal systems to capture carbon and turn it into alternative clean energy sources. Advancing renewable and sustainable energy sources through research and innovation will play a critical role in achieving President Biden’s goal of net-zero emissions by 2050. Read more...

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