Small Enterprise (SE) Membership Category
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We are very pleased to offer the 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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Learn and Evolve
We are excited to welcome our newest Small Enterprise (SE) Member, Learn and Evolve.
Learn & Evolve LLC. is an applied science research and education institute focused on improving productivity and performance outcomes. They offer various services such as:
Professional Consulting Services, Certified Training / SHRM & HRCI, Continuous Education Courses, SHRM Exam Preparation, and Mentorship Programs.
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6 Ways to Launch a Startup Business Idea
On Monday, July 20,
The American Business Council-AmCham Kuwait
(ABCK-AmCham Kuwait) hosted a webinar titled: 6 Ways to Launch a Startup Business Idea. The webinar focused on 6 ideal ways of starting a successful startup, providing guidance on how to validate startup ideas, and avoiding key reasons of startup failures.
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Stay tuned for announcement of upcoming events! Follow us on social media
@abck1985
or LinkedIn
for latest updates
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Oil price rally in Q2 and lockdown easing see economic conditions improve
A recovery in oil prices, an easing of lockdown measures and the gradual reopening of businesses and malls have somewhat improved Kuwait’s economic conditions over recent weeks. Nevertheless, with a partial curfew still in place, many businesses operating at below capacity and international travel heavily restricted, the economy still has a long way to go before a return to more ‘normal’ pre-virus levels of activity.
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DGCA introduces Kuwait – Mosafer App for all Travelers
The Directorate General for Civil Aviation (DGCA) in Kuwait has introduced a new web-based application called “Kuwait – Mosafer” (kuwaitmosafer.com) for the convenience of all travelers departing from and arriving to Kuwait post August 1. Kuwait will be the first airport in the region to leverage technology to implement a single platform to assist travelers in fulfilling Covid-19 travel requirements ahead of time, thus reducing queuing at the airport as well as other disruptions.
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Solar powered gas station opens in Abdali
The Kuwait National Petroleum Company (KNPC) announced Monday the inauguration of a new fuel station in Al-Abdali area. The station is distinguished with modern design, using solar energy technology which saves 30 percent of its electrical needs, KNPC added. Moreover, Al-Abdali station is among 18 stations that are under construction. Eight stations were opened in the areas of Jaber Al-Ahmad, north west Sulaibikhat and Sabah Al-Ahmad.
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New U.S. Chamber Initiative
U.S. Chamber Global Innovation Policy Center (GIPC) launched its Discover and Deliver initiative to show what the nation’s brightest scientific minds and most innovative companies are doing to discover effective treatments and cures for COVID-19, outlined in
an interactive map
which depicts where COVID-19-related innovations are being developed in the United States.
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Global Business Associations Urge Removal of Trade Barriers, Asks Global Governments to Maintain IP Protections and Support Partnerships to Discover and Deliver COVID-19 Solutions
Intellectual property will be the foundation of every vaccine, treatment and cure we mobilize; it’s critical that we nurture those foundations, not uproot them. That’s why we’re asking the governments to maintain their effective protection.
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VOTING IN 2020 U.S. ELECTIONS
Registering to Vote and submitting a ballot is fast, easy, and can be done from anywhere in the world! All U.S. citizens can receive their blank ballots electronically. Depending on the state in which you are eligible to vote, you may get your ballot by email, fax, or internet download. Please visit
The Federal Voting Assistance Program
website
to learn more.
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Economic Impact Payments
U.S. citizens, permanent residents or
qualifying resident aliens
, taxpayers not dependent of another taxpayer and people with a work eligible Social Security number may be eligible for an Economic Impact Payment (EIP). Even if you don't normally file taxes or are experiencing homelessness you may still qualify for a Payment. Taxpayers may also get an additional $500 for each qualifying child. To get this $1,200 payment,
taxpayers should sign up
at IRS.gov by October 15, 2020.
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IRS creates new Enterprise Digitalization and Case Management office
WASHINGTON — The Internal Revenue Service announced the creation of the new Enterprise Digitalization and Case Management office, which will spearhead IRS efforts to empower taxpayers and IRS employees to rapidly resolve issues in a simplified digital environment.The office's efforts will support overall IRS modernization and implementation of long-term changes stemming from the Taxpayer First Act.
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Treasury and IRS release draft partnership form to provide greater clarity on international tax reporting
WASHINGTON — The Treasury Department and the IRS released a proposed redesigned partnership form for tax year 2021 (filing season 2022). The proposed form is designed to provide greater clarity for partners on how to compute their U.S. income tax liability with respect to items of international tax relevance including claiming deductions and credits. The redesigned form and instructions provide guidance to partnerships on how to report international tax information to their partners in a standardized format.
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American International College Changes to American International University
American International College (AIC), has proudly changed to American International University (AIU). AIU now offers four-year undergraduate degrees in
Engineering, Business, and Design
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IFC, Citi Create $800 Million Facility to Boost Trade Finance in Emerging Markets
IFC, a member of the World Bank Group, and Citi have established an $800 million facility to facilitate trade finance in emerging markets, supporting trade flows in developing countries and helping businesses cope with the devastation caused by the Coronavirus (COVID-19) pandemic.
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Cisco adds new capabilities to its intent-based networking range
Networking powerhouse Cisco has announced new intent-based networking solutions to help optimise business and network operations. Reem Asaad, Vice President, Cisco Middle East and Africa, said: “In today’s everchanging world, it is critical for a business’s network to be in tune with its strategic goals, whether supporting and securing a remote workforce, accelerating expansion to the cloud, or driving business transformation.” Asaad said with the innovations announcement, Cisco is helping IT rapidly roll out advanced networking and security capabilities by simplifying and automating segmentation and cloud-based security at scale.
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Kuwaiti Al-Ahmadi refinery projects
Kuwait has pre-qualified six global firms to bid for projects to be executed at its Al-Ahmadi oil refinery. Bidding will close on Sept 24 for the contract which involves projects to be undertaken by the state owned
Kuwait National Petroleum Company
(KNPC).The six companies include
Fluor
, Parsons, and KBR of the US as well as Amec Fosters Wheeler of the UK, Japan's Toyo Company, and France's
Technip.
"KNPC will hold an online meeting with representatives of the pre-qualified firms to discuss their bids for the projects," the paper said, adding that projects at Al-Ahmadi comprise the 5th gasline, the clean fuel project, and construction of new facilities.
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Honeywell announces solutions to help improve building health
Honeywell announced an integrated solutions portfolio to help building owners in the Middle East improve the health of their building environments, operate more cleanly and safely, comply with social distancing policies, and help reassure occupants that it is safe to return to the workplace. Honeywell’s new solutions provide building owners with more control over critical health, safety and security factors to encourage sustained compliance with changing building standards, safety guidelines, government-issued regulations and a company’s risk management policies.
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Del Monte Kuwait receives an appreciation letter for support to frontline workers fighting COVID19
Del Monte Kuwait received an appreciation letter from H.E. Anas Al-Saleh, Deputy Prime Minister and Minister of Interior, in recognition of their efforts to support Kuwait's frontline workers in the fight against COVID-19. In addition to their support of Kuwait's government initiatives, Del Monte has taken and maintained ongoing precautionary measures in their farm locations, packing houses, port operations, and production facilities, while ensuring business continuity.
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Kuwaiti, Saudi partners mull Partitioned Zone operations
Representatives of the Kuwait Gulf Oil Company (KGOC) and Saudi Arabian Chevron held a virtual meeting on Thursday to discuss the production rates of the onshore Wafra Oilfield in the Partitioned Zone (PZ). Both sides reviewed the implementation of instructions of the ministries of energy of both countries in the light of the relevant memorandum of understanding (MoU), KGOC said in a statement. They explored ways to protect the local environment, reduce gas flare and make better use of petroleum
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The MENA region recorded an increase in IPO volume and value during the first quarter of 2020, with four IPOs raising $814.2m, the Ernst & Young’s MENA IPO Eye Report revealed. This represents a 14-fold increase compared to the $57.6m raised from one IPO in the same period last year. Meanwhile, Kuwait strengthened its capital markets with the privatisation of its stock exchange in December 2019 and the introduction of the BK Main 50 Index.
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Experience the Jeep adventure from the comfort of your own home with Car@home
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Our Chairman's CLub Member, Hyatt Regency Al Kout Mall, is excited to welcome you back. Precautionary measures have been taken to ensure the safety of guests and staff.
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IFA Travel and Tourism has launched an online booking services through TripJet. For more information, visit
www.tripjet.com
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We are pleased to offer ABCK-AmCham Kuwait an exclusive 20% discount off the regular price for AUK's CCE: Chartered Financial Analyst (CFA) Exam Preparation Course. For more information, please
click here
. To register please
click here
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Special offer for ABCK-AmCham Kuwait Members from Crew: 50% discount on service charges when purchasing American products. For more information,
click here
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Special Eid offer from Millennium Hotel and Convention Centre. For more information, please call
22050505
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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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