Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payment network, enabling individuals, businesses, and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com. Industry: Digital Payment Technology |
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WEFAQ Law Firm:Stands out as a comprehensive legal ally, adept in navigating complex legal frameworks for businesses and individuals alike. Their dedication to excellence, deeply rooted understanding of legal complexities, and client-centric approach ensure tailored, top-tier guidance. With a strong foundation in local knowledge and global best practices, Wefaq offers balanced insights catering to both local and international standards. Their expertise spans various domains, including business law, personal legal matters, and niche concerns, offering bespoke legal advice and representation for each unique case.
Industry: Law Firm |
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If your company is interested in being an event sponsor or a raffle prize sponsor for upcoming events such as the Speed Networking event, the Diversity & Inclusion Summit, or the Annual Golf Tournament event, please contact us at communications@amchamkuwait.org, and we will provide you with more information about sponsorship opportunities. |
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| November 2023 - ABCK AmCham Kuwait supported the Fintech Kuwait Conference, organized and hosted by GM Events at the Grand Hyatt Kuwait. A pivotal event convening key players in the financial technology sector. The conference provided a platform for industry leaders to share insights, and innovations, and engage in collaborative discussions that are instrumental in shaping the future of finance and technology in Kuwait. |
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| Member Outreach: IFA International Travel & Tourism |
| December 1, 2023:Embarking on a journey of collaboration with our esteemed corporate member, IFA International Travel and Tourism. As part of our Member outreach campaign, AmCham Kuwait will continue having different discussions with Corporate members to understand how to better support their needs. |
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| Member Outreach: The Green Flame Company |
| December 1, 2023:Exploring innovation and sustainability within the energy sector with a visit to our valued corporate member, The Green Flame Gas Co. As part of AmCham Kuwait's outreach efforts, the team will continue meeting with corporate members in order to understand their needs and how to further support them. |
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| Member Outreach: Mashreq Bank Kuwait |
| December 6, 2023: Member Outreach: Strategic collaboration in action: AmCham Kuwait and Mashreq Bank Kuwait come together to explore avenues of growth, innovation, and partnership for AmCham Kuwait's Banking and Finance Focus Group. |
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| December 6, 2023: AmCham Kuwait would like to thank KSH and KFH for allowing us to be part of the ceremony, honoring people with disabilities who worked with KFH for their different programs. We hope to see more inclusive initiatives, such as this one, that provide a foundation for sustainable and transformative change in the lives of people with disabilities. |
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| December 7, 2023: AmCham Kuwait takes a proactive step towards sustainability with a beach clean-up at the Kuwait Free-trade Zone. AmCham Kuwait is grateful for the participation of Members and Friends in collecting plastics and waste and ensuring a cleaner shoreline. |
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| December 11, 2023: AmCham Kuwait Supported Event - BDO organized a webinar on ESG with several experts from both the private and public sectors. Speakers tackled topics on sustainability in the energy sector, business resilience in the face of climate change, and strategies to adapt to efficient energy transition |
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| December 13, 2023:AmCham Kuwait held its Winter Social Event in December at the Crowne Plaza Al-Thuraya City as its final event of 2023. Guests came together to commemorate the end of the year, as they participated in different activities throughout the evening. We thank the raffle sponsors: The Crowne Plaza, Sultan, Bustan Khaleeji (Towell Holding), Hilton Kuwait Resort, Fire & Safety Experts Co., and Al Hamra Hotel. |
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| Four Seasons Kuwait Meets with the Kuwait Society for the Handicapped |
| December 14, 2023:Meaningful Dialogue: AmCham Kuwait and Four Seasons Hotel engage with the Kuwait Society for the Handicapped (KSH) to foster understanding and support for the KSH community, and ways forward for synergy and collaboration between Four Seasons and KSH. |
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| December 21, 2023: In a heartwarming collaboration, ABCK-AmCham Kuwait, in conjunction with Kuwait and Gulf Link Transport Company (KGL), orchestrated a successful toy and stationery distribution event. This initiative aligns with AmCham Kuwait’s ongoing commitment to social responsibility, aiming to bring joy to the children of KACCH & BACCH (Kuwait Association for the Care of Children in Hospital & Bayt Abdullah Children’s Hospice). |
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| AmCham Kuwait Member News |
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| 11 December, 2023: Al Ahli Bank of Kuwait (ABK), a progressive financial institution committed to sustainable development, is proud to announce its participation in the COP28 UAE - United Nations Climate Change Conference. Held in Dubai, UAE, the conference convened global leaders to address the pressing challenges of climate change and sustainable development.
ABK recognizes the urgency to address climate change and the importance of aligning its operations with global efforts to advance sustainability. By participating in COP28, the Group aims to demonstrate its commitment to environmental, social, and governance (ESG) principles, and contribute to shaping conversations on sustainable finance and climate action. The conference offered an invaluable platform for ABK to engage with global leaders, experts, and stakeholders, advancing its understanding of current and future ESG practices and principles |
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| 5 December, 2023: American International University (AIU) is pleased to announce its collaboration with Amideast to host a dynamic event entitled: “Future Pathways – Careers & Opportunities in the Private Sector.” Joined by senior leadership members of the HSBC Kuwait team, the event aligns with AIU’s mission to foster the development of future leaders and provide an authentic American educational experience in Kuwait. |
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| 6 December, 2023: As part of the company's commitment to enriching the learning experience within the community, talabat, the leading tech platform, collaborated with the American University of Kuwait to welcome students from various majors to its headquarters. This engaging visit offered students a unique opportunity to immerse themselves in talabat's diverse departments, gaining exposure to the company's day-to-day operations and work environment. |
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| December 27, 2023: Al Tamimi & Company, the leading law firm in the Middle East and North Africa, appoints Aaron Dikos as Partner in the Corporate Commercial practice. Returning to the firm after serving as a consultant over the years, Aaron brings with him a wealth of experience in the Middle East market. |
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| 27 December, 2023: One year ahead of schedule, Cisco has surpassed its goal to make a real, tangible difference in the lives of one billion people, leveraging a powerful combination of technology and people, backed by its purpose to power an inclusive future for all.
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| 15 December, 2023: Gulf Agency Company (GAC) Oman and Hydrex have signed an agreement to work together to add underwater maintenance and repair activities to GAC Oman’s existing portfolio of services offered to the shipping industry in the port of Sohar and other key ports in Oman. |
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| 27 December, 2023: Gulf Insurance Group (“GIG”), one of the leading insurance groups in the Middle East and North Africa region, confirmed today that it remains committed to delivering on its strategy to achieve further growth in a sustainable model that focuses on customer-centricity, digital transformation and insurance solutions for the future, following the change in the Group’s shareholding structure. |
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| 8 December, 2023: Hyatt has opened Grand Hyatt Kuwait Residences, its first residential offering in the country.
Located within Tower A of Tamdeen Square, the property is situated in Sabah Al Salem, close to Kuwait City’s Sixth Ring Road. Grand Hyatt Kuwait Residences is spread across 33 floors. It includes 82 three-bedroom units and a single 435 sqm duplex with four bedrooms. |
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| 5 December, 2023: With peak shopping season at hand, solutions that enhance the customer experience and help speed their decisions are increasingly critical. To optimize retail operations and efficiency in the Middle East, Honeywell (Nasdaq: HON) today announced the latest release of its powerful SwiftDecoder™ barcode-decoding software, designed to make shopping easier and help ensure a seamless retail experience. |
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| 12 December, 2023: KGL Passenger Transport Services Company was honored to sponsor the UAE’s 52nd Union Day celebration, hosted by Sharjah Roads and Transport Authority (SRTA) at their headquarters recently. The day was nothing short of exceptional, with the distinguished presence of strategic partners, sponsors and dedicated employees. Together, we marked this special occasion with pride, camaraderie, and a shared commitment to progress. |
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| December 2023: Check outKRH's Magazine - 8th Edition |
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| 12 December, 2023 — NATIONAL HARBOR, Md. — Executives with L3Harris Technologies said the company will hit a development milestone for its Viper Shield electronic warfare package this month, with production on track for 2025.
L3Harris is constructing Viper Shield, a collection of digital protections and countermeasures, for fitting aboard Lockheed Martin F-16 Block 70/72 jets sold to foreign militaries. More than a dozen countries planned to fly the variants when the company was first tapped for the work. |
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| 28 December, 2023 - The British Army’s Collective Training Transformation Programme calls for the delivery of an integrated, expeditionary and digitalized Army Collective Training Service (ACTS).
For the delivery of ACTS, the British Army needs a strategic training partner that can transform on the move and continue to innovate – keeping pace with both advances in technology and an ever-evolving threat. |
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| 12 December, 2023: Mashreq Bank has made a strategic commitment to channel capital towards sustainable uses, marking a crucial step in its agenda to foster responsible and impactful financial practices. With a firm focus on Environmental, Social, and Governance (ESG) considerations, the bank is spearheading efforts to redirect financial resources to initiatives that align with sustainable objectives. |
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| 19 December, 2023: RTX's Raytheon was awarded an $80 million contract by the U.S. Navy.
The aerospace and defense company said its unit was selected for the contract in a down select to prototype advanced electronic warfare for the F/A-18 E/F Super Hornet. This prototype will be considered as a replacement for the existing AN/ALQ-214 integrated defensive electronic countermeasure and AN/ALR-67(V)3 radar warning receiver with a consolidated solution that will deliver electronic warfare capabilities to the Navy's carrier air wing, the company said. |
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| 28 December, 2023: In a significant move within the energy sector, QatarEnergy has entered into a five-year crude oil supply agreement with Shell International Eastern Trading Company, Singapore, a subsidiary of Shell.
This landmark deal, set to commence in January 2024, involves the supply of up to 18 million barrels per annum of Qatar’s indigenous crude oils, namely Qatar Land and Qatar Marine. |
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| December 2023: According to a study released by the US Government's General Accounting Office last year, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer. Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional. |
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| In November 2022, Biocon Biologics concluded the acquisition of Viatris’ international biosimilars business in a $3bn deal. The companies signed a definitive agreement for the acquisition in February 2023. |
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| December 30, 2023: Waldorf Astoria Kuwait has officially marked one year of stellar achievements. The opening of the property marked the Waldorf Astoria brand’s first hotel in Kuwait, bringing an unrivaled luxury hospitality experience to the city with a unique identity by upholding the country’s rich traditions and generous, hospitable culture. |
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| 9 December, 2023: Continuing to support national initiatives that foster creativity and innovation in the community, Zain has announced its platinum sponsorship of the new season of Mirzam Expo, Kuwait’s top interior design and home decoration event. The company’s support of this project comes for the fourth year running, and this year’s event is anticipated to be the biggest in the expo’s history. Over 300 booths are set to be featured, covering over 30 categories for interior design, home furnishing, decoration, and more. |
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| Arizona Commerce Authority Opportunities |
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NEW FUNDING OPPORTUNITIES FOR TBED
DEPARTMENT OF ENERGY Solar Energy Evolution and Diffusion Studies The Department of Energy is accepting applications for social science research that generates actionable insights to improve large-scale solar (LSS) siting processes and outcomes for host communities and the solar industry. Applicants must select one of the following areas of interest: - Community Acceptance and Opposition - to understand how specific siting practices shape community acceptance of and opposition to proposed LSS projects.
- Permitting and Land Use Planning Processes and Outcomes - to examine how community input or other factors influence land use and permitting outcomes.
- Community Impact Evaluation - to understand the observable and perceived impacts (benefits and burdens) that LSS installations have on host communities and how they are influenced by the decisions made during the siting process.
Concept papers are required and are due January 30. Awards: 4-6 awards are expected between $1 million to $2.5 million. Eligibility: Unrestricted. Deadline: 01/30/2024 Awards ID(s): DE-FOA-0003226 Links:
DEPARTMENT OF DEFENSE Boosting Innovative Geospatial-Intelligence The National Geospatial-Intelligence Agency is accepting applications to address hard Geospatial-Intelligence (GEOINT) problems. Applications should align with one or more of the following technical domains and must respond to specific Topic Calls that will be issued periodically between now and 2026. : - Foundational GEOINT - focuses on the creation of always accurate, high-resolution, continually updated representations of the earth's properties, available on demand.
- Advanced Phenomenologies - employs methods and strategies to drive the development and delivery of improved spatially, spectrally, radiometrically, polarimetrically, and temporally resolved data from a growing number of sources.
- Analytic Technologies - leverages new sources of data and develops analytic techniques to deliver a geospatial dimension to multi-INT analytics.
The first topic call has been released and regards the development of a Geospatial-Intelligence Foundational Model. The aim in the base period is to develop a trained foundational neural network model able to ingest overhead and ground-level imagery and vector data. The design solution will answer geospatial questions with accuracy and precision while demonstrating a proof of concept sufficient to seek further development in this area. A single one-year award of up to $3 million is anticipated, with three optional annual performance periods based on progress. Abstracts for Topic 1 are due January 23, 2024. Awards: Multiple awards are expected over the life of the Broad Agency Announcement Eligibility: Unrestricted. Deadline: 01/23/2024 Awards ID(s): HM047623BAA0001 Links:
DEPARTMENT OF ENERGY Electric Drive Vehicle Battery Recycling and Second Life Applications The National Energy Technology Laboratory seeks to advance research, development, demonstration, and deployment in several areas critical to achieving net-zero greenhouse gas emissions by 2050. Objectives include reducing the costs associated with transportation, dismantling, and preprocessing end-of-life electric drive vehicle batteries for recycling, as well as recycling plastic and polymer electric drive vehicle battery accessory components through research, development, and demonstration. There are two topic areas: - Improving the economics of transportation, dismantling, and preprocessing of electric drive vehicle batteries - to improve the economics of Lithium-Ion EV battery recycling to ensure an economically profitable EV battery recycling ecosystem. Four to nine awards are expected between $4 to $8 million.
- Recycling of electric drive vehicle battery accessory components - to develop and demonstrate technologies and processes for recycling and disposal of plastics and polymer composites used in casings and enclosures of EV batteries. One to two awards are expected between $1 to $2 million.
Eligibility: Unrestricted. Deadline: 02/07/2024 Awards ID(s): DE-FOA-0003120 Links:
DEPARTMENT OF HEALTH AND HUMAN SERVICES Bat Immunology Network Research Projects The National Institute of Allergy and Infectious Diseases seeks to support research related to the bat immune system. There are two opportunities available: - Support for research projects that will characterize cellular and molecular constituents of the bat immune system and seek to understand protective innate and adaptive immune mechanisms in bats is available through award ID RFA-AI-23-068. Four to five awards are expected of up to $300,000 per year per award for direct costs. Eligibility is unrestricted.
- More information for the establishment of a Bat Immunology Research Resource Program to develop and validate reagents/tools needed to support research of the bat immune system is available through the link ending in RFA-AI-23-069.html. One award is expected of up to $350,000 for direct costs per year. Eligibility is unrestricted domestically.
Deadline: 05/24/2024 Awards ID(s): RFA-AI-23-068, RFA-AI-23-069 Links:
Cancer Prevention and Control Clinical Trials The National Cancer Institute is accepting applications for research with the potential to reduce the burden of cancer for patients and other affected persons through improvements in early detection, prevention, healthcare delivery, quality of life, and/or survivorship related to cancer. Awards: Multiple awards are expected. Eligibility: Unrestricted. Deadline: 02/05/2024 Awards ID(s): PAR-24-072 Links: |
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| U.S. / Kuwait Business News |
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| 17 December, 2023: Secretary of Defense Lloyd Austin made an unscheduled stop in Kuwait on Sunday to offer the United States’s condolences over the death of the country’s emir, Sheikh Nawaf Al Ahmad Al Sabah, which was announced Saturday. |
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| KUWAIT CITY, Dec 1: OPEC member Kuwait is planning to invest up to $50 billion in the next five years to expand its oil and gas output capacity, a senior oil executive has said. The investments at an annual average of $9-10 billion will boost the Gulf country’s crude production from around 2.8 million barrels per day (bpd) to 3.2 million bpd, said Sheikh Nawaf Al-Sabah, CEO of the state-owned Kuwait Petroleum Corporation. |
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| KUWAIT CITY, Dec 4: In 2023, the Kuwaiti government allocated $6.1 billion to its total defense budget, recording a negative CAGR of 1.1% during 2019-23. The country's defense budget is expected to grow at a CAGR of 3.8% over the forecast period, reaching $8.1 billion in 2028.
The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period |
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| KUWAIT CITY, Dec 4: Kuwait Integrated Petroleum Industries Company (KIPIC) said in a statement on Sunday that the third and final units at the al-Zour refinery are now operational. The plant is now fully operational and refining capacity will increase to 615,000 barrels per day (bpd) from 410,000 bpd, the statement said. |
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| KUWAIT CITY, Dec 5: In a significant development, Anwar Al-Hamdan, the Acting Undersecretary of the Ministry of Education, presided over a crucial meeting with Assistant Undersecretaries at the Ministry earlier today. |
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| KUWAIT CITY, Dec 5: In a landmark development for Kuwait’s energy sector, the Integrated Petroleum Industries Company (KIPIC) has announced the successful completion and commencement of operations of the final units at the Al-Zour refinery. This significant achievement marks a new era in the country’s refining capabilities. Situated about 90 kilometers south of Kuwait City, the Al-Zour refinery is a bold and ambitious project, representing a new, cutting-edge facility capable of refining a diverse range of crude oils. This development is also a stepping stone towards the establishment of an integrated refinery and petrochemical complex. |
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| KUWAIT CITY, Dec 7:The Central Bank of Kuwait has communicated to local banks that it will not cover dollar purchases directed to exchange companies if such acquisitions are intended for speculation or investment purposes, reports Al- Rai Daily quoting informed sources. The Central Bank emphasized that it will consistently supply any quantities of the dollar directed towards meeting the needs of customers engaged in money transfer operations. |
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| KUWAIT CITY, Dec 7: In a recent development, Counselor Abdullah Al-Othman, the head of the General Department of Implementation, has taken a significant step to streamline procedures at the airport’s travel prevention department, aiming to facilitate individuals involved in legal matters. According to information obtained by Al-Anbaa, the following guidelines have been put in place: |
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| KUWAIT CITY, Dec 12: The Director General of the General Administration of Customs, Abdullah Al-Sharhan, announced the organization’s commitment to advancing digital transformation initiatives in alignment with the objectives set by the senior political leadership. The primary goal is to streamline and simplify the documentation process, enhancing accessibility for the public and business partners and ultimately serving the broader public interest. |
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| KUWAIT CITY, Dec 14:Kuwait’s Parliament has passed a law that permits foreign companies to establish branches and operate within Kuwait without the requirement of a local agent. This amendment also grants non-Kuwaiti companies the opportunity to participate in public tenders. |
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| KUWAIT CITY, Dec 14: A total of 28 senior officials working in the areas of health, intellectual property, and trade from WTO Arab and Middle East members and the Gulf Cooperation Council (GCC) took part in the multi-agency Regional Trade and Public Health Workshop, held in Kuwait from 10 to 14 December. |
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| KUWAIT CITY, Dec 27: A government report expects the world’s economies to witness further increases in commodity prices in the coming period, especially in food prices, which will put more pressure on countries that depend on food imports, or countries where climate or conflict shocks could lead to disrupting local food production, in addition to countries that suffer from macroeconomic fragility, pointing out the need to take urgent decisions to reduce the impact of global food price increases on the local market, especially since its cost will be high on the national economy. |
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| KUWAIT CITY, Dec 28: First Deputy Prime Minister and Minister of Interior Sheikh Talal Al-Khaled Al-Ahmad Al-Jaber Al-Sabah has issued a ministerial decision on allowing private sector employees to work part-time for a third party (another employer) on the condition that they obtain approval from the original employer.
The decision aligns with the provisions of the Council of Ministers’ resolution on addressing the demographic imbalance issue. It stipulates that employees in the private sector can now engage in part-time work with another employer for a maximum of four hours per day, provided they obtain a part-time work permit from the Public Authority for Manpower (PAM). |
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| KUWAIT CITY, Dec 28: Secretary of the Supreme Committee for Food Safety at the Public Authority for Food and Nutrition Eng Adel Al-Suwait said the committee has recommended banning the import of all types of bird meat from some countries due to the outbreak of bird influenza virus, reports Al-Anba daily. |
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| KUWAIT CITY, Dec 30: Recent government statistics reveal a noteworthy 20% surge in Kuwait’s cosmetics imports, reports Al-Qabas Daily.
Between January and November 2023, the total import value reached approximately 89.5 million dinars, marking a significant increase from the 74.9 million dinars recorded during the same period in the previous year. |
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| US, Dec 8: Today, the U.S. Food and Drug Administration approved two milestone treatments, Casgevy and Lyfgenia, representing the first cell-based gene therapies for the treatment of sickle cell disease (SCD) in patients 12 years and older. Additionally, one of these therapies, Casgevy, is the first FDA-approved treatment to utilize a type of novel genome editing technology, signaling an innovative advancement in the field of gene therapy. |
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| US, Dec 15: The U.S. Department of Agriculture (USDA) is requesting public input – due by Feb. 16, 2024 – on how foreign filers report agricultural land holdings in the United States. USDA’s Farm Service Agency (FSA) is proposing to update the Agricultural Foreign Investment Disclosure Act Report form so that reporting can include data on long-term lessees, data to assess the impacts of foreign investment on agricultural producers and rural communities, and geospatial information. These updates to the form will help FSA in the collection of data as it administers the Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA). |
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| US, Dec 21:Commerce takes action to bolster the U.S. semiconductor supply chain and protect U.S. national security Today, the U.S. Department of Commerce announced it will launch a new survey in January 2024 that will serve as a foundation for continued analysis of the capabilities and challenges of the broader U.S. semiconductor supply chain and national defense industrial base. |
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| CMMC is designed to ensure that defense contractors and subcontractors are compliant with existing information protection requirements for federal contract information (FCI) and controlled unclassified information (CUI) and are protecting that sensitive unclassified information at a level commensurate with the risk from cybersecurity threats, including advanced persistent threats. |
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| US, Dec 29: DOE Proposes New Rule For Energy Efficient Commercial Fans and Blowers and Finalizes Refrigerator and Freezer Standards with Strong Industry and Stakeholder Support, Bolstering Biden-Harris Administration Efforts to Strengthen Outdated Efficiency Standards to Save Americans ~$1 Trillion Over 30 Years |
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| Offers & Discounts for AmCham Kuwait Members |
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See other offers and discounts at: https://www.amchamkuwait.org/member-offers-discounts
If you would like to become part of the offers and discounts program, please reach out to us and let us know what types of offers and discounts you'd like to offer AmCham Kuwait Members.
For questions, please reach communications@amchamkuwait.org |
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