'Kuwait's Economic Landscape: Opportunities in Kuwait & the U.S.'

May 17 - ABCK-AmCham Kuwait and The Global Chamber hosted a webinar on ‘Kuwait’s Economic Landscape: Opportunities in the U.S. and Kuwait’ in collaboration with the Maryland Department of Commerce, Global Chamber Los Angeles, Global Chamber Miami, and Global Chamber Baltimore/ Washington with the support of the U.S. Embassy in Kuwait, the World Bank, and the Kuwait Direct Investment Promotion Authority (KDIPA). The event focused on different aspects of doing business in Kuwait and the U.S. and highlighted binational business opportunities between Kuwait and the U.S. Read more

Cadillac in Partnership with AmCham Kuwait Host a Tour

May 18 - Cadillac Alghanim in partnership with the ABCK-AmCham Kuwait hosted a tour for AIU's engineering students. During their visit, students learned about the history of Cadillac as a pioneer in different aspects which are still used for today's automobiles. Students also learned how to inspect a car, and performed different guided activities at the Cadillac service center. We genuinely thank the Cadillac team for putting this very educational activity together, and we look forward to the next one! Read more

The ABCK-AmCham Kuwait Leadership Participates in the Opening of the 2022 GCC Games in Kuwait

May 22 - The ABCK AmCham Kuwait’s leadership Participated in the 2022 GCC Games'Opening Ceremony. This was the third edition of the multi-sport event for the Gulf Cooperation Council (GCC) countries. The opening ceremony was attended by Kuwait’s Prime Minister H.H. Sheikh Sabah Al Khaled Al Sabah and presidents of the GCC Olympic Committees. Read more...

ABCK-AmCham Kuwait Hosts Tax Seminar

May 24 - ABCK-AmCham Kuwait hosted a tax seminar in collaboration with Ernst & Young and Dalal Al Mulla Legal Group. We'd like to give a special thanks to the speakers: Amit Arora, and Nabeel Alexander for providing us with crucial information on the subjects of Kuwait corporate tax and U.S. tax issues such as FATCA.  Read more...

The ABCK-AmCham Kuwait Members Tour HORECA

May 25 - AmCham Kuwait Members participated in a special 2-part tour organized by HORECA Kuwait. Members were able to taste different products and meet with the exhibiting companies. We'd like to give special thanks to Mr. Mohamed Najia and HORECA Kuwait for organizing this 2 part tour, and we look forward to the next one!.  Read more...

ABCK-AmCham Kuwait Meets with the Kuwait Direct Investment Promotion Authority

May 26 - ABCK-AmCham Kuwait and KDIPA held a meeting in order to discuss the current foreign direct investment outlook in the state of Kuwait and the means for both entities to collaborate together in order to bring more awareness to KDIPA's incentives, and foreign investor benefits for companies who wish to partner with KDIPA. We thank KDIPA for hosting us, and we look forward to upcoming discussions.  Read more...

ABCK-AmCham Kuwait's Leadership Attends the CFA Society - Kuwait 12th Charter Awards Ceremony



May 30 - AmCham Kuwait's Leadership attended the CFA Society - Kuwait's 12th Charter Awards Ceremony on May 30th. We'd like to congratulate each and every one of the awardees who attained the CFA certification, and we applaud you for your hard work. We'd also like to thank the CFA Society - Kuwait for inviting us to be part of this memorable event, especially Aminah Abotalaf, Board Member at the CFA Society and AmCham Kuwait Member. It was our pleasure to meet the CFA Society's president along with the speakers, and we are excited to see upcoming collaborations with them. Read more...

ABK Launches ‘SMART FUNDS TRANSFER FORM’ Service

In line with its continuous efforts to streamline and enhance its services, Al Ahli Bank of Kuwait (ABK) announces the launch of the ‘Smart Funds Transfer Form’ an easy to use form for the purpose of local and international remittances.

With the ‘Smart Funds Transfer Form’ customers will have faster turn-around time, IBAN validation based on country selected, along with data security and confidentiality. Read more...

AIU Building on Traditions

Graduation is a time-honored tradition that dates to 12th-century Europe.  Though graduation ceremonies have evolved, many elements from the original remain intact.  AIU spared no constraint in making the inaugural commencement a night to remember.  Each detail from the university regalia to the academic mace was meticulously designed.  The first use of an academic mace dates to the University of Vienna in 1385. Read more...

AUK Renews Credit Transfer Agreement with K-Tech

AUK renewed its transfer articulation agreement with Kuwait Technical College (K-Tech) to facilitate credit transfer between the respective institutions to provide a smooth transition for their students from one related program to another. 

The signing ceremony was attended by the chairman of K-Tech, Mr. Meshari Boodai; vice president of finance & administration, Mr. Abdulrahman Al-Ajeel; vice president for student affairs & registration, Ms. Noura Boodai; and head of Student Career Services, Ms. Emman Al-Shatti. AUK attendees included the president, Dr. Rawda Awwad; executive vice president, Ms. Amal Al-Binali; and the University registrar, Mohammed Da’na.  Read more...

Boeing, NASA Complete First Starliner Space Station Flight Test

WHITE SANDS, NEW MEXICO, May 25, 2022 — Boeing’s [NYSE: BA] CST-100 Starliner spacecraft landed at the U.S. Army’s White Sands Missile Range in New Mexico at 5:49 p.m. Central Time. The safe return to Earth brings a close to the successful end-to-end uncrewed orbital flight test that was flown to demonstrate the quality and performance of the transportation system prior to crewed flights.

“We have had an excellent flight test of a complex system that we expected to learn from along the way and we have,” said Mark Nappi, vice president and program manager, Boeing Commercial Crew Program. “Thank you to the NASA and Boeing teammates who have put so much of themselves into Starliner.” Read more...

5 Biggest Takeaways From Cigna CEO’s Fireside Chat With Arianna Huffington



The Fortune Brainstorm Health 2022 conference brought together forward-thinking and insightful leaders in health care, technology and business to “brainstorm” how to drive meaningful change across the health care landscape.

Cigna Chairman and CEO David Cordani, and Arianna Huffington, CEO of Thrive Global, had one of the most noteworthy discussions, touching on worsening mental health among teens, the promise of pharmacological innovation, virtual care and the profound power of micro-communities. Read more...

Cisco Releases Its Cloud Controls Framework To The Public, Making Security Certification Ever More Accessible

SAN JOSE, Calif., May 5, 2022 — Today, Cisco is pleased to release the Cisco Cloud Controls Framework (CCF) to the public. The Cisco CCF is a comprehensive set of international and national security compliance and certification requirements, aggregated in one framework. It empowers teams to make sure cloud products and services meet security and privacy requirements thanks to a simplified rationalized compliance and risk management strategy, saving significant resources. Read more...

Dell Technologies Storage Software Innovations Power New Levels of Automation, Security and Multi-Cloud Flexibility

DELL TECHNOLOGIES WORLD, LAS VEGAS – May 03, 2022 —  

Dell Technologies (NYSE: DELL) is enhancing software across its industry-leading1 storage portfolio, driving increased intelligence, automation, cyber resiliency and multi-cloud flexibility.

“Organizations all over the world look to Dell to help them move faster while turning their data into a competitive advantage,” said Jeff Clarke, vice chairman and co-chief operating officer, Dell Technologies. Read more...

EY Launches Second Generation of EY Blockchain Analyzer: Smart Contract and Token Review on Ethereum

The EY organization today made available to the public the second generation of the EY Blockchain Analyzer: Smart Contract & Token Review tool. The updated version allows users to develop customized testing routines and to simulate transactions on the Ethereum blockchain before executing them, using real-time network data. Read more...

GAC Group and Ocean Shipping & Logistics join forces in exciting new collaboration

The GAC Group has welcomed newly formed Ocean Shipping & Logistics A/S (OSL) as a new member of its logistics network after the two companies entered into a global co-operation agreement.



Operational from today (2 May 2022) from its home base in Aarhus, Denmark, OSL has been founded by industry veterans Peter Brun, Lars Kjærulf-Møller, Emil Hersbøll and Svend Heisselberg, who together represent more than 100 years of experience in international maritime transportation. It promises to deliver a range of seamless logistics services with a personal touch, driven by the philosophy “Your Shipment – Our Commitment”. Read more...

Gulf Insurance Group announces net profit of KD 9.8 million (US$ 32.3 million) for the first quarter of 2022

Kuwait - Zain Group, a leading telecom innovator with operations in seven markets across the Middle East and Africa, has registered a net profit of KD47 million ($156 million) for the first three months, up 6% over last year, while its revenues for Q1 rose 7% to hit $1.3 billion.

Announcing its consolidated financial results for the three months ended March 31, 2022, Zain Group said it had generated consolidated revenue of KD408 million ($1.3 billion) for the Q1 2022, up 7% year-on-year (Y-o-Y).

Read more...

Hill International Awarded CM Contract for Penndot's I-95 Central Access Philadelphia (CAP) Project at Penn's Landing in Philadelphia

PHILADELPHIA, May 19, 2022 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), delivering the infrastructure of change, announced today it was awarded a contract by PennDOT District 6-0 to provide construction management for the Central Access Philadelphia (CAP) project, which will replace and expand the existing cap/bridge structures over Interstate 95 (I-95) and Christopher Columbus Boulevard along the Delaware River waterfront in Center City, Philadelphia. Read more...

Honeywell Introduces Emissions Control & Reduction Initiative To Support Customers' Sustainability Goals

ORLANDO, Fla., May 24, 2022 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced an Emissions Control & Reduction Initiative designed to help customers achieve carbon neutrality in a wide range of areas. The initiative will initially focus on helping oil and gas customers with upstream, midstream and downstream operations to monitor and reduce fugitive methane emissions, which are more than 25 times as potent as carbon dioxide at trapping heat in the atmosphere according to the Environmental Protection Agency. Read more...

Hyatt Regency Al Kout Mall was awarded as the Best Business Hotel in Kuwait

We are delighted to announce that Hyatt Regency Al Kout Mall was awarded as the Best Business Hotel in Kuwait at the Business Traveller Middle East Awards 2022. Read more...

L3HARRIS Selected For Key Department of Defense Artificial Intelligence Program

MELBOURNE, Fla. — L3Harris Technologies (NYSE:LHX) has been selected by the U.S. Department of Defense to deliver artificial intelligence services to improve intelligence gathering and collaboration across the defense and intelligence communities.

The Joint Artificial Intelligence Center (JAIC) Data Readiness for AI Development contract is a five-year blanket purchase agreement that allows the DOD to more effectively use artificial intelligence. Read more...

Microsoft announces general availability of Microsoft Defender for Business designed to boost small and medium business (SMB) security

REDMOND, Wash. — May 2, 2022 — On Monday, Microsoft Corp. announced the general availability (GA) of the stand-alone version of Microsoft Defender for Business. Defender for Business brings enterprise-grade endpoint security to SMBs, including endpoint detection and response capabilities to protect against ransomware and other sophisticated cyberthreats.

Read more...

Shell Arm To Assist With Fleet Decarbonization

Shell Fleet Solutions has formally launched its Accelerate to Zero program, to support fleets in meeting their sustainability targets.



It brings together a mix of solutions Shell has developed to drive decarbonization and integrates like-minded partners to tackle one of the greatest challenges that fleets face in this decade.

Read more...

Viatris to Participate in Goldman Sachs 43rd Annual Global Healthcare Conference

PITTSBURGH , May 20, 2022 /PRNewswire/ -- Viatris Inc. (NASDAQ: VTRS), a global pharmaceutical company, today announced the company will participate in the Goldman Sachs 43rd Annual Global Healthcare Conference at the Terranea Resort in Rancho Palos Verdes, CA on Tuesday, June 14, 2022. Chief Executive Officer Michael Goettler, President Rajiv Malik and Chief Financial Officer Sanjeev Narula will represent the company in a fireside chat scheduled at 1:20 p.m. PT.  Read more...

Zain First Telecom Operator Globally To Launch Vo5G With Nationwide Coverage

Kuwait - 30 May 2022 - Zain, the leading digital service provider in Kuwait, announces the launch of voice over 5G services, becoming the first telecom operator globally to commercially launch Vo5G with nationwide coverage in all of Kuwait’s areas and on the all-new Samsung Galaxy S22 lineup.

This revolutionary technology offers Zain’s customers an unprecedented experience with ultra-fast internet while making voice calls on compatible smartphones. Read more...

CSC agrees to lift ban on 971 out of 1,303 job grades

KUWAIT CITY, May 30: The Civil Service Commission (CSC) has officially agreed to lift the ban on 971 job grades for the second contract, out of the 1,303 job grades requested by the Ministry of Education to contract with non-Kuwaiti teachers for the 2022/2023 academic year, reports Al-Qabas daily. In a letter addressed to the Ministry of Education, CSC affirmed the approval of the continuation to lift the ban on 299 vacant jobs in the remaining second contract of the previous 2021/2022 academic year, ​Read more...

Bill targets visa peddlers – ‘Family visit visa for 3 months, nonrenewable’

KUWAIT CITY, May 29: Chairman of the parliament’s Committee of Interior and Defense Affairs MP Sa’adoun Hammad says the bill for amending the law of expatriates’ residency is aimed at confronting residency traffickers. He revealed that the bill aims at toughening the penalties against residency traffickers by a jail term of a maximum of five years and a fine of a maximum KD 10,000. Read more...

Challenges to price stability outlined

KUWAIT CITY, May 29: The Economic Committee of the Council of Ministers witnessed, in its last meeting, heated discussions centered on the challenges and pressures to ensure food flows and the stability of prices of the main commodities in the local market, reports Al-Rai daily quoting reliable sources. Read more...

PAAAFR puts forward strategic plan for food security until ’2035

KUWAIT CITY, May 28: The government agencies are involved in the battle to make Kuwait secure in the area of food sufficiency, hoping to make tangible progress in this thorny file as soon as possible, reports Al-Qabas daily. The Public Authority for Agricultural Affairs and Fish Resources (PAAAFR) put forward a strategic plan for food security until 2035 that aims to develop the national agricultural system, to achieve sustainable agricultural development and enable the effective production of commodities in the national food basket. Read more...

Panel Reviews Proposals To Amend Residency Law – 5 Year Cap

KUWAIT CITY, May 26: The parliamentary Interior and Defense Affairs Committee on Thursday discussed the proposal of the government to amend the Foreigners Residency Law. Committee Chairman MP Saadoun Hammad confirmed that the committee approved the proposal and it will be referred to the Assembly for voting.

Following are the important articles of the bill:  Read more...

MOH to purchase 5,000 doses of smallpox vaccine – Precautionary measures against monkeypox

KUWAIT CITY, May 25: The Ministry of Health intends to purchase 5,000 doses of the smallpox vaccine to enhance the current stock, in light of the current precautions necessary for the monkeypox disease after the first case in the Gulf region was recorded in the UAE on Tuesday, reports Al-Rai daily quoting informed sources from the health sector. Read more...

Working in sun ban starts June

KUWAIT CITY, May 25: Kuwait Public Authority of Manpower (PAM) will start implementing the administrative decision number 535/2015 to prohibit laborers from working in open areas during noon from 11:00 a.m. till 4:00 p.m. starting from next June. PAM inspecting teams will follow up the implementation of this decision for the upcoming three months, and will carry out sudden inspecting tours at the work fields to spot any violations, the Authority Director General Ahmad Al- Mousa added in a press release.

Read more...

Boursa Kuwait shares insights on investment prospects in Kuwait

KUWAIT: Boursa Kuwait hosted its 8th Corporate Day, organized in collaboration with EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), from the 23rd to the 26th of May. The four-day event brought together 13 Kuwaiti companies with more than 175 international investors from over 95 institutions ($2 trillion in AUMs), to discuss and share insights on some of the most compelling opportunities across the Kuwaiti capital market. Read more...

Kuwait athletes shine at Third Gulf Games

KUWAIT: The Third Gulf Games Kuwait 2022 concludes today, as Gulf athletes competed for 16 days in various games – 16 for men and 7 for women. New games were introduced in the years’s games – most notably Padel and eSport. The final day of the championship will see the finals in fencing, tennis and handball. Kuwait athletes are eying more gold medals they continue their lead in the Games. Kuwait fencers started strongly yesterday when they won the singles Sabre and Foil competitions despite the fierce competition. Ammar Al-Ammari won the gold medal after defeating Saudi Ali Al-Bahrani 15-7 in the final match. Read more...

High demand on coworking spaces among entrepreneurs in Kuwait

KUWAIT: According to Kuwait Financial Center Company (Al-Markaz), the number of small and medium businesses in the country before the pandemic reached 25,000 to 30,000 firms. Meanwhile, demand has increased among local entrepreneurs to rent coworking spaces, which have evolved to not only provide rental spaces and offices, but also a support system to help develop the entrepreneurs through a business incubator. Read more...

Moody’s affirms Kuwait’s ratings at A1; maintains stable outlook

NEW YORK: Moody’s Investors Service (“Moody’s”) has on Thursday affirmed the government of Kuwait’s long-term local and foreign currency issuer ratings at A1. The outlook remains stable. The decision to affirm the ratings is underpinned by Moody’s assessment that Kuwait’s balance-sheet and fiscal buffers will remain strong for the foreseeable future, which preserve macroeconomic and external stability and anchor the credit profile. Read more...

Chair’s Statement: Roadmap for Global Food Security–Call to Action

The following statement is issued by the United States as Chair of a Global Food Security Ministerial Meeting held at United Nations Headquarters and endorsed by Albania, Australia, Brazil, Canada, the Democratic Republic of the Congo, Egypt, France, Gabon, Germany, Ghana, Guyana, Indonesia, Ireland, Italy, Japan, Kenya, Kuwait, Lebanon, Lithuania, Mauritania, Mexico, the Netherlands, Nigeria, Norway, Qatar, Romania, Saudi Arabia, Senegal, Sweden, Tunisia, Turkey, the United Arab Emirates, the United Kingdom of Great Britain and Northern Ireland, Ukraine, Yemen, and Zambia: 

Read more...

USDA Opens Grants Application to Improve SNAP Customer Service

WASHINGTON, April 26, 2022 – The USDA’s Food and Nutrition Service today announced that $5 million in competitive grants are being made available to enhance efficiency and access in the Supplemental Nutrition Assistance Program through process and technology improvements.

The SNAP Process and Technology Improvement Grants are awarded through a competitive application process. The multi-year grants seek to improve the experience of SNAP participants by enabling grantees to update inefficient or ineffective processes or use technology to streamline operations and provide better customer service.

Read more...

FDA Roundup: May 31, 2022

Today, the U.S. Food and Drug Administration is providing an at-a-glance summary of news from around the agency:

• The FDA’s Center for Drug Evaluation and Research (CDER), Center for Devices and Radiological Health (CDRH), and Center for Biologics Evaluation and Research (CBER) are pleased to invite you to their free, virtual Regulatory Education for Industry (REdI) Annual Conference 2022 which will be held June 6 through June 10. Read more...

Treasury Announces First State Small Business Credit Initiative Awards to Support Underserved Entrepreneurs and Small Business Growth in Key Industries

WASHINGTON — Today, the U.S. Department of the Treasury announced the first group of plans approved under the new round of the State Small Business Credit Initiative (SSBCI). The American Rescue Plan reauthorized and expanded SSBCI, which was originally established in 2010 and was highly successful in increasing access to capital for traditionally underserved small businesses and entrepreneurs. The new SSBCI builds on this successful model by providing nearly $10 billion to states, the District of Columbia, territories, and Tribal governments to increase access to capital and promote entrepreneurship, especially in traditionally underserved communities as they emerge from the pandemic. Read more...