GLA & CO - is a leading MENA-based law firm specializing in comprehensive legal services for businesses operating in the Middle East. GLA & Co's practice areas encompass Anti-Trust & Competition, Banking & Finance, Capital Markets, Commercial Advisory, Construction & Projects, Corporate and M&A, Data & Technology, Disputes, and Employment & Benefits. With a unique blend of regional and international expertise, GLA & Co. provides personalized and cost-effective legal representation for a diverse range of clients.
Industry:Legal Services |
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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 Annual Golf Tournament, Gala, Iftar, BOD Election Night, 4th of July, Back to Business, or Thanksgiving, please contact us at communications@amchamkuwait.org, and we will provide you with more information about sponsorship opportunities. |
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| 2 October 2023: AmCham Kuwait's Energy Focus Group and the US Chamber's US/Kuwait Business Council held an energy roundtable in attendance of the US Embassy, as it brought together industry leaders, policy experts, and energy experts. Participants explored the dynamic landscape of Kuwait's energy sector and discussed current initiatives on energy transition and Kuwait's efforts towards decarbonization. |
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| 4 October 2023: AmCham Kuwait would like to thank its Chairman's Club Member Al Tamimi & Company for inviting us to their Grand Opening at Burj Alshaya. We would like to congratulate them and wish them the utmost success with their upcoming plans. |
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5 October 2023: AmCham Kuwait's Women in Business Focus Group recently hosted their final Diversity & Inclusion Diwaniya event, centered around the theme of "Sustainable Practices." This event served as a culmination of the group's efforts to promote diversity and inclusivity in the business landscape, particularly with a focus on empowering women professionals. The event aimed to underscore the importance of sustainability not only in terms of environmental responsibility but also within the context of fostering a diverse and inclusive corporate culture and its continuity. Please see the final slide for the key takeaway points. We would like to thank everyone for their participation, especially our key speakers: Ms. Seneca Cottom from Alshaya and Mr. Nayef Al Haddad from KAPP. We also thank our member companies and friends including the US Embassy and the British Embassy for being part of these efforts. We look forward to seeing you at the Diversity & Inclusion Summit on the 6th of December. |
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| AmCham Kuwait Member News |
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31 October 2023: Get ready for a sizzling November as 300F Smokehouse has just unveiled a lineup of irresistible deals and offers on their social media platforms. As the temperature drops, the heat in the kitchen is turning up, and diners are in for a treat with a variety of specials throughout the month.
The much-anticipated November deals at 300F Smokehouse include free kids' meals on select days, making it the ideal family-friendly destination. In addition, they're spicing things up with a dedicated "Ladies' Night," promising a memorable evening for all the ladies looking for a delightful dining experience.
But that's not all! 300F Smokehouse has even more in store to make your dining experience unforgettable. To get the full scoop on these exciting promotions, you can contact them directly at +965 97422209 or 222094488. Whether you're looking for a family outing, a night out with friends, or just a delicious meal, 300F Smokehouse has you covered this November. Stay tuned to their social media for updates and mark your calendar for a month filled with mouthwatering delights. Don't miss out on these tempting offers - they're sure to add some extra sizzle to your fall dining experiences! |
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16 October 2023: Al Ahli Bank of Kuwait (ABK) recently organized a special program to train its employees in sign language communication. This initiative is part of ABK's ongoing commitment to foster inclusivity, enhance its customer service experience for individuals with hearing and speech impairments, and develop the skills of its workforce.
Attended by a group of ABK employees, the training course took place at Symphony Style Hotel in collaboration with Dr. Mohammed Al-Ramzi. The sign language instructor brought a wealth of experience and expertise in the field, having worked extensively with various organizations to promote accessibility and effective communication.
"We are delighted to organize this special program," said Afrah Alarbash, General Manager of Human Resources at ABK. "By equipping our team with sign language skills, we are taking a significant step towards ensuring that all our customers receive the same level of excellent service."
The comprehensive training program provided ABK employees with essential knowledge to effectively communicate with customers. It covered key areas such as greetings, basic conversations, transactional interactions, and emergency situations to facilitate future interaction. |
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| 14 October 2023: The world is full of educational opportunities, yet finding one that guarantees an authentic American experience outside of the United States can be quite challenging. However, it's a challenge that has been met and exceeded in Kuwait. As we gear up for the Spring 2024 admissions, we invite you to be part of our vibrant academic community at American International University (AIU).
Located in the heart of Kuwait, AIU is a beacon of American education in the region. With its state-of-the-art facilities, world-class faculty, and diverse student body, AIU offers an unparalleled academic experience that combines rigorous American educational standards with a deep understanding of the country's needs, culture, and industries. |
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16 October 2023: AUK recently held its annual involvement fair, a vibrant and eagerly anticipated event that invites students to explore a diverse array of clubs, activities, and opportunities on campus. This year's fair featured 26 clubs and two prominent organizations: VOICE and the Student Council.
The involvement fair serves as a gateway for students to embark on a journey of exploration, personal growth, and community building. It not only acquaints new students with AUK’s liberal arts educational system, providing academic training and life skills, but also encourages them to explore diverse areas, topics, hobbies, and interests.
Commenting on the significance of the involvement fair and its importance, Omar Mehdi, Student Life director, stated, “The Involvement Fair is more than an event; it's an open door to a world of opportunities. It's a day for students to explore their passions, discover their purpose, and connect with a vibrant community of clubs and organizations. We believe that education extends beyond the classroom, and the Involvement Fair is where students take the first step towards a journey of growth, leadership, and lifelong friendships.” |
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| LAS VEGAS, Oct. 16, 2023 /PRNewswire/ -- Boeing [NYSE: BA] Business Jets (BBJ) customers have a new way to customize cabin interiors for the BBJ 737-7, reducing costs and accelerating delivery of new VIP jets, the company announced today. With BBJ Select, Boeing is offering a wide range of pre-designed cabin layouts and configurations to expedite installation, while lowering the total purchase price of the airplane. The company shared its new BBJ Select premium interiors at the National Business Aviation Association Business Aviation Convention & Exhibition (NBAA-BACE) in Las Vegas.
"Boeing Business Jets is offering customers a new, streamlined approach to designing a unique, comfortable and functional interior for our BBJ 737-7 jet," said BBJ President Joe Benson. "For customers who may not have the time or desire to create a fully bespoke interior, BBJ Select offers pre-designed options to outfit their cabin, which allows us to offer the jet at a very attractive, fixed price." |
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16 October 2023: Few transformational technologies have generated the kind of buzz as Artificial Intelligence. Organizations around the world are finding exciting new ways to collaborate, manage applications, enhance their digital security, and reimagine customer experiences. Cisco already harnesses AI-powered capabilities across our product and customer service portfolio. We are also leading innovation that enables AI infrastructure. Our vision for AI Network fabrics offers unparalleled programmability, performance, flexibility, and efficiency. And we enable these fabrics with a familiar technology that has broad ecosystem support — Ethernet.
At the foundation of every AI generated product capability will be ground-breaking infrastructure. GPUs and massively scalable data stores and compute will be deployed in AI/ML platforms of unprecedented scale and performance. This massive movement and processing of data will need a network fabric that meets the considerable demands of these platforms. These networks need to enable AI with economical, flexible, and innovative connectivity. An economical and flexible platform enables you to invest early and evolve in a way that fits your unique business model. Innovation offers you a fabric that is high throughput, low-latency and lossless — without sacrificing flexibility. As a result of Cisco’s considerable investments, that AI fabric is already here. And we believe that this fabric needs to be built on Ethernet. |
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| 16 October 2023: EQUATE collaborated with the Kuwait Fire Force in a joint campaign titled "Safe Home" in The Avenues Mall and Kuwait University, to raise awareness about the risks of home fires and the best practices to follow home safety measures.
تعاونت إيكويت مع قوة الإطفاء العام في حملة مشتركة بعنوان "منزل آمن" وذلك في مجمع الأفنيوز وجامعة الكويت، للتوعية بمخاطر الحرائق المنزلية والسبل المثلى لاتباع تدابير السلامة المنزلية |
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| 3 October 2023: EY has hit two major milestones in the Middle East and Africa region – celebrating 100 years in business and realizing its best performance ever. Originally incepted in 1849 in the United Kingdom, EY (in full: Ernst & Young) is one of the four largest professional services firms in the world. The firm advises clients on topics including consulting, strategy (delivered by EY-Parthenon), transactions, technology, audit, risk, tax, and legal. Since its early MENA beginnings in 1923, when EY set up its first regional office in Cairo, the firm has grown into a powerhouse. Today, EY has over 8,000 people across 26 offices and 15 countries. |
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| 30 October 2023: Grand Hyatt Kuwait has announced its much-anticipated home catering services to the Kuwaiti market. For entities interested in learning more about their outside catering services, please contact +965 22211234 |
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| We are proud to reveal and share our first report on sustainability. This marks a new milestone in our commitment to delivering on our vision of integrating a sustainable business strategy, solid governance and positive social impact. As a leading insurance group in Kuwait and the MENA region, our ultimate goal is to become a sustainability model for the insurance industry as we take an inclusive approach to contributing to global sustainability goals and recognizing our accountability in our communities... |
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LAS VEGAS, Oct. 15, 2023 /PRNewswire/ -- Honeywell announced today that Embraer has successfully tested Honeywell's HTF7500 turbofan engine on its Praetor 600 aircraft using 100% sustainable aviation fuel (SAF). The test marks a major milestone, as this is the first time 100% SAF has been flown in Honeywell's business jet engines.
The test, with one engine using 100% SAF and the other using traditional jet fuel, was performed at the Embraer campus in Melbourne, Florida, and provided new insights into how the engine performs when utilizing a 100% SAF formulation. It successfully demonstrated that the HTF7500 engine running on 100% SAF performed just as flawlessly as when running on traditional jet fuel.
"We are pleased to be creating a more sustainable future for aviation with industry leaders like Embraer," said Dave Marinick, president, Engines and Power Systems, Honeywell Aerospace. "This testing milestone with our engine demonstrates the viability of SAF for Embraer and the overall aviation industry, as they work to meet carbon reduction commitments. Additionally, as we develop SAF solutions, we will be using these innovations in our own engines and APUs." |
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| MELBOURNE, Fla., Nov. 2, 2023 — L3Harris Technologies (NYSE:LHX) won a contract from the U.S. Navy to continue developing advanced systems to modernize electronic warfare (EW) capabilities on F/A-18 aircraft, enhancing pilot protection against emerging and future threats. L3Harris will develop a next-generation EW system under the $80 million contract for the Navy’s F/A-18 fleet. It is one of two companies down-selected for the initial prototype contract. The final decision for follow-on development and production contracts is expected in 2026. “L3Harris is developing the advanced EW system to drive mission success and ensure naval aviators are protected for years to come,” said Ed Zoiss, President, Space and Airborne Systems, L3Harris. “This award builds upon decades of delivering EW systems to the Navy, and we are excited that our technology is protecting pilots in dangerous situations while allowing them to dominate potential adversaries.”... |
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| BETHESDA, Md., Oct. 17, 2023 /PRNewswire/ -- Lockheed Martin Corporation (NYSE: LMT) today reported third quarter 2023 net sales of $16.9 billion, compared to $16.6 billion in the third quarter of 2022. Net earnings in the third quarter of 2023 were $1.7 billion, or $6.73 per share, compared to $1.8 billion, or $6.71 per share, in the third quarter of 2022. Cash from operations was $2.9 billion in the third quarter of 2023, compared to $3.1 billion in the third quarter of 2022. Free cash flow was $2.5 billion in the third quarter of 2023, compared to $2.7 billion in the third quarter of 2022... |
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| 12 October 2023: Dubai, UAE: Mashreq, one of the leading financial institutions in the MENA region, has entered into a landmark partnership with Padelae, the UAE’s largest Padel facility. With 32 courts across four locations in Abu Dhabi, Dubai, and Sharjah, Padelae serves as a hub for the UAE's rapidly growing Padel community. As the “Official Banking Partner of Padelae”, Mashreq will sponsor several of the facility's weekly tournaments, including crowd favorites such as 'King of Court,' 'Game of Thrones,' and 'Mixers.' |
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| 31 October 2023: The Central Agency for Information Technology (CAIT) in Kuwait, in collaboration with Microsoft and its partners PWC, Gartner and BlueVoyant, organized the “Digital Leader Academy” to advance digital sustainability in alignment with the goals of New Kuwait 2035. This initiative comprised of four intensive workshops, each focusing on essential aspects of the digital transformation process and involving 75 government sector leaders and officials. |
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| ARLINGTON, Va., Oct. 11, 2023 /PRNewswire/ -- RTX (NYSE: RTX) announced today that its Board of Directors declared a dividend of 59 cents per outstanding share of RTX common stock. The dividend will be payable on Dec. 14, 2023 to shareowners of record at the close of business on Nov. 17, 2023. RTX has paid cash dividends on its common stock every year since 1936... |
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| October 06, 2023: The following is an update to the third quarter 2023 outlook and gives an overview of current expectations for the third quarter. |
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| October 07, 2023: The Sultan Center Food Products Company, the owner and operator of the supermarket chain “Sultan”, marks a significant milestone this month with the celebration of its 42nd anniversary. Established by the visionary late businessman, Jamil Sultan Bin Essa, Sultan transcends the identity of a mere supermarket chain; it stands as a cornerstone of Kuwait’s modern retail landscape. |
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| 10 October 2023: Zain Kuwait wins the “Excellence in 5G Business Development” award during the Excellence and Leadership Awards ceremony in Dubai, organized by the SAMENA Telecommunications Council.
CEO Eman Al-Roudhan: We look forward to continuing Zain Kuwait’s leadership by launching advanced 5.5G technology... |
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| Arizona Commerce Authority Opportunities |
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NEW FUNDING OPPORTUNITIES FOR TBED
DEPARTMENT OF HEALTH AND HUMAN SERVICES
Developing novel theory and methods for understanding the genetic architecture of complex human traits The National Human Genome Research Institute seeks to support applications for novel theory and methods development that enable better understanding of how genetic and non-genetic factors contribute to complex trait variation across individuals, families, and populations. There are two opportunities available: - Applicants with novel scientific ideas or new model systems, tools, or technologies that have the potential for significant impact on biomedical or biobehavioral research should apply for the R21 Exploratory/Developmental Research grant. The combined budget for direct costs for the two-year project period may not exceed $275,000. Applications are due February 16.
- Applicants seeking support for a specific project can apply for the award ID PAR-23-302. Applications are due February 5.
Eligibility: Unrestricted. Awards ID(s): PAR-23-301, PAR-23-302 Links:
Developing novel theory and methods for understanding the genetic architecture of complex human traits The National Human Genome Research Institute seeks to support applications for novel theory and methods development that enable better understanding of how genetic and non-genetic factors contribute to complex trait variation across individuals, families, and populations. There are two opportunities available: - Applicants with novel scientific ideas or new model systems, tools, or technologies that have the potential for significant impact on biomedical or biobehavioral research should apply for the R21 Exploratory/Developmental Research grant. The combined budget for direct costs for the two-year project period may not exceed $275,000. Applications are due February 16.
- Applicants seeking support for a specific project can apply for the award ID PAR-23-302. Applications are due February 5.
Eligibility: Unrestricted. Awards ID(s): PAR-23-301, PAR-23-302 Links: |
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| U.S. / Kuwait Business News |
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| KUWAIT CITY, OCT 17: The US Senate, by a voice and final vote has approved the appointment of Karen Sasahara as Ambassador Extraordinary and Plenipotentiary of the United States of America to Kuwait. This last vote took place a few hours ago, and the American ambassador will be sworn in and will be in Kuwait soon, to assume her duties, reports Al-Qabas daily... |
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| KUWAIT CITY, OCT 6: Kuwaiti citizens have been given a travel boost, with new visa offerings from Egypt and Germany, as well as a Schengen lift from Italy. The German Ambassador to Kuwait, Hans-Christian Freiherr von Reibnitz, has revealed the European country is now issuing five-year Schengen visas to Kuwaiti citizens. The announcement was made on the occasion of German Unity Day in the presence of Deputy Foreign Minister Sheikh Jarrah Al Jaber. |
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KUWAIT CITY, OCT 10: Oil prices increased for the fourth month in a row in September, driven by tightening oil market fundamentals amid still resilient economic activity. Brent crude closed the month up at $95.3/bbl (+9.7 percent m/m; +10.9 percent ytd), also posting its best quarterly performance (+27 percent q/q) since Q1 2022 in the process. Local crude marker Kuwait Export Crude (KEC) rose to $97.9/bbl (+9.1 percent m/m; +19.3 percent ytd), maintaining its premium over Brent in reflection of the relatively tighter medium sour crude landscape post-Saudi and Russian supply cuts.
Moving into October, however, and oil’s sharp rise ran into resistance, with the price of Brent falling to the mid-80s. The impetus appeared to be a mix of profit-taking by speculators and oil demand concerns related to key central banks including the US Fed keeping interest rates higher for longer. The consequent strengthening of the US dollar—up 1.7 percent over the last two weeks on a trade-weighted basis—has also been a negative influence on the dollar-denominated oil price. |
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KUWAIT CITY, OCT 11: Minister of Health Dr Ahmad Al-Awadhi announced Wednesday the establishment of the Health Communication Center to connect the Ministry with all beneficiaries of health services and various media outlets. Minister Al-Awadhi assigned the official spokesman, Dr Abdullah Al-Sanad, to manage the center.
In a press conference broadcast by the ministry, the Minister of Health stressed the importance of communicating with the public and receiving proposals that would contribute to developing the working system and adopting a “two-way”, communication policy.
For his part, Dr Al-Sanad stressed the importance of communication in health institutions, noting that the formation of the center’s database is the most prominent challenge and difficulty facing the health sector.
He pointed out that the center, which consists of six departments, is affiliated with the minister’s office and will begin carrying out the tasks assigned to it next November to achieve optimal and effective communication with the health media or social communication. – KUNA |
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KUWAIT CITY, OCT 11: Minister of Commerce and Industry and Minister of State for Youth Affairs Mohammad Al-Aiban issued a decision that permits business owners engaged in multiple commercial activities to operate from a single headquarters using a single commercial serial number. This decision applies as long as the business owner does not exceed having four companies operating from one headquarters.
This decision eliminates the need for business practitioners or merchants with multiple activities and commercial licenses to rent multiple offices. Instead, a central office is now sufficient for licensing all their diverse businesses under one roof. As per resolution no. 146/2023, outlined in article 1, companies and their subsidiaries can share a single headquarters and operate under one commercial serial number.
However, there are specific requirements that must be met. The company’s ownership in its subsidiary must exceed 50 percent, and the company should issue consolidated financial statements that incorporate the financial information of its owned companies. Importantly, the total number of companies operating from a single headquarters should not exceed four. |
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Exports witnessed a decline to 12.7 bln dinars KUWAIT CITY, OCT 14: Official data revealed that the bill for imported goods in Kuwait rose by more than 14%, to 734.5 million dinars during the first half of the current year, as the value of Kuwait’s imports from January until the end of June 2023 was about 5.83 billion dinars for 18.7 million tons of goods, compared to 5.1 billion dinars for 16.8 million tons of goods during the same period in 2022, reports Al-Anba daily. from January to March 2023, Kuwait imported about 9.46 million tons of goods, worth 2.96 billion dinars, compared to 8.38 million tons of goods, worth 2.38 billion dinars during the same period in 2022, and from April to June 2023, it imported about 9.25 million tons at a cost of 2.87 billion dinars, compared to 8.5 million tons at 2.7 billion dinars for the same period in 2022. Foreign trade data issued by the Central Administration of Statistics from January until the end of June 2023, the volume of trade exchange with Kuwait was about 18.5 billion dinars, as Kuwait recorded trade exchange from January until March 2023 to 9.56 billion dinars, and from April until the end of June about 8.98 billion dinars. |
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| KUWAIT CITY, OCT 16: During the first eight months of 2023, local banks in Kuwait provided significantly less financing to the public services sector, with a sharp decrease of 68.8%, totaling 48 million dinars. This marks a substantial drop from 69.7 million dinars during the same period in 2022. Notably, in August, financing for the public services sector was only about 100 thousand dinars, while there was no such financing provided by local banks in July.
The decline in funding to the services sector coincides with a broader drop in new credit facilities provided to all sectors, falling by approximately 93.1 million dinars, or 0.6%, from 15.76 billion dinars in the first eight months of 2022 to 15.669 billion dinars during the same period in 2023. However, there was an increase in total credit facilities for all sectors during August, surging by 3.2% or roughly 63.6 million dinars compared to July, reaching 2.012 billion dinars. |
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| KUWAIT CITY, OCT 17, (Agencies): Kuwait has taken a momentous stride in promoting gender equality within the judiciary by becoming the first in the Arab world and the Middle East to appoint 90 Kuwaiti female judges. These accomplished judges began their journey as trainee attorneys within the Public Prosecution, operating under the guidance of the Attorney General.
According to a well-informed source cited by Sabq, the High Judicial Council has officially sanctioned the appointment of 19 trainee attorneys, alongside nearly 100 new trainee attorneys. This decision has been made to expedite the selection of the most qualified candidates and to address the judiciary’s staffing needs. |
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| KUWAIT CITY, OCT 17: The state of Kuwait is keen on developing economic legislation to execute vital projects that would ultimately contribute to transforming the Arab Gulf nation into a financial hub, a diplomat has said. “The State of Kuwait’s strategy aims at encouraging and promoting the contribution of the private sector to the development of infrastructure, therefore it placed a partnership program between public and private sectors,” and established an authority for this purpose, diplomatic attache Meteb Al-Enezi told a UN committee discussing the global trade law. He said the authority has a mandate of providing financial and technical assistance for public-private- partnerships (PPP), aimed at benefitting from the expertise of the private sector to promote competitiveness and innovation. The authority, said Al-Enezi, announced many promising projects in energy, water, wastewater management, education, health, transport, telecommunications, and real estate. |
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KUWAIT CITY, OCT 21: The Kuwait Ministry of Health (MoH) revealed on Saturday the use of the world’s newest surgical robot device in performing an operation to remove a prostate from a patient suffering from a cancerous tumor. The MoH said in a statement that the robot (Da Vinci Xi) was used in the operation conducted last Wednesday at the Sheikh Sabah Al-Ahmad Urology Center. On the same day, a regular robot was used to remove the kidney of another patient who also suffered from a cancerous tumor.
The director of the center, Dr. Saad Al-Dosari, said that Dr. Ali Abdul Wahab performed the two operations for the patients who left the center the next day. According to the statement, Al-Dosari said that the device (Da Vinci Xi) is one of the latest technologies applied in robotic surgeries and is used in multiple specialties. He pointed out that the operation performed using this device is characterized by low bleeding and does not cause acute pain as with traditional operations, as it does not require large incisions and wounds, as well as reducing the patient’s hospital stay. |
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KUWAIT CITY, OCT 22: The number of licensed real estate brokers in Kuwait has experienced a significant uptick in 2023, rising by 9.1%. This brings the cumulative total of licensed brokers in the country from 1,351 at the end of December 2022 to 1,474 at the close of July 2023 after successful completion of tests and training programs.
The data from the Ministry of Commerce reveals that, on a monthly basis, the cumulative number of licensed brokers increased by 0.2%, reaching 1,474 brokers in July, compared to 1,471 brokers in June. This growth points to the expansion of the real estate brokerage sector in Kuwait.
Moreover, the number of licensed real estate evaluators in Kuwait has witnessed a remarkable increase, soaring from 62 evaluators at the end of December 2022 to 142 by the end of July. These evaluators play a crucial role in determining the fair values of real estate, a vital component for real estate transactions, investment decisions, and budget evaluations. Their expertise safeguards the rights of property owners and shareholders, ensuring a fair representation of assets. |
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| KUWAIT CITY, OCT 25: Oxford Business Group (OBG) is pleased to announce the release of a report on financial services in Kuwait. This dedicated content provides insights into the trends, opportunities and challenges in the financial services sector and the broader economy, and serves as a preview to the forthcoming The Report: Kuwait 2023.
Kuwait's banking industry stands as one of the region's largest and most resilient. The sector has demonstrated adaptability, rebounding from the challenges posed by the global Covid-19 pandemic. The trajectory of Kuwait's banks has been marked by asset growth, with 2022 witnessing the highest credit growth since 2015. This resurgence has been aided by elevated oil prices, which has helped the nation improve its fiscal position. |
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WASHINGTON, D.C. OCT 6 — Kicking off the Biden-Harris Administration’s Investing in America Tour and on National Manufacturing Day, the U.S. Department of Energy (DOE) today announced $5.2 million from the Industrial Assessment Centers (IAC) Implementation Grants program for 41 small- and medium-sized manufacturers (SMMs) across the country to implement improvements at facilities that will save energy and reduce greenhouse gas emissions. DOE also reopened the program for new applications, ensuring SMMs can continue to apply for grants throughout the next year. Funded by the President’s Bipartisan Infrastructure Law, the IAC Implementation Grants program provides up to $300,000 per manufacturer to implement recommendations made by DOE and other qualified energy assessments. Today’s announcements reinforce the Biden-Harris Administration’s efforts to revitalize American manufacturing, create good-paying jobs in communities across the nation, and meet the President’s ambitious goal of a net-zero economy by 2050. |
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| WASHINGTON, OCT. 16, 2023 - The U.S. Department of Agriculture (USDA) has issued more than $1.77 billion this year to agricultural producers and landowners through its Conservation Reserve Program (CRP), a critical piece of the Department’s efforts to support climate-smart agriculture and forestry on working lands. Right now, CRP’s more than 667,000 participants received payments from USDA’s Farm Service Agency (FSA) for their voluntary conservation efforts on more than 23 million acres of private land. Since 2021, CRP has grown by 21 percent in terms of acres enrolled, testament to the Biden-Harris administration’s program improvement efforts. |
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| US, OCT 18: The average rate on the popular 30-year fixed mortgage rate hit 8% Wednesday morning, according to Mortgage News Daily. That is the highest level since mid-2000.
The milestone came as bond yields soar to levels not seen since 2007. Mortgage rates follow loosely the yield on the 10-year U.S. Treasury.
Rates rose sharply this week and last week, as investors digest more reads on the economy. On Wednesday, it was housing starts, which rose in September, though not as much as expected, according to the U.S. Census Bureau.
Building permits, an indicator of future construction, fell, but by a less than the expected amount. Last week, retail sales came in far higher than expected, creating more uncertainty over the Federal Reserve’s long-term plan. |
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| WASHINGTON, OCT 23 – WASHINGTON – Today, the U.S. Department of the Treasury released a report providing new evidence that the recovery from the economic harm of the COVID-19 pandemic was the most equitable recovery in recent history. The report – which includes new Department research alongside new data released by the Federal Reserve Board – finds that the speed and strength of the response by the Biden-Harris Administration helped to thwart the worst economic outcomes anticipated from the COVID shock for Black and Hispanic families, and that, across a broad array of economic indicators, the financial well-being of Black and Hispanic families have remained strong relative to recoveries in recent history. |
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| Des Moines, Iowa, OCT 24, 2023 – Agriculture Secretary Tom Vilsack announced today that the U.S. Department of Agriculture (USDA) is providing $2.3 billion to help American producers maintain and develop markets for their commodities and use U.S. commodities to bolster international food aid. Consistent with a bipartisan request from the Senate Committee on Agriculture, Nutrition, and Forestry, USDA is utilizing funds from the Commodity Credit Corporation (CCC) to address challenges related to trade and food insecurity impacting U.S. farmers and the international community. USDA will use: - $1.3 billion for the Regional Agricultural Promotion Program and support for specialty crop industries to diversify export markets.
- $1 billion to help address global hunger.
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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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Office Secretary (Bilingual - English & Arabic Proficiency) - Temporary - Strong proficiency in English and Arabic
- Proactive and approachable, with excellent communication skills (verbal and written)
- Organization and time management skills
- Excels at attention to detail
- Proficient in Microsoft Office
Seeking a Temporary full-time Secretary who is fluent in both English and Arabic, possesses a friendly and professional attitude, and excels in prioritization and time management. The ideal candidate will provide essential administrative support to the team, ensuring efficient coordination and communication within the organization.
Non-relevant CVs will be disregarded
Please send your CV to communications@amchamkuwait.og |
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Business Development Coordinator (Kuwaiti) - Strong proficiency in English and Arabic
- Proactive and approachable, with excellent communication skills (verbal and written)
- Experienced in sales and marketing (keeping target lists and communicating with prospect and current clients)
- Must have a driver’s license
- Understands how to prioritize workload, and has excellent time management skills
- Preferred majors: Business Administration, Logistics, Communications, Marketing/Sales, Economics
Seeking a dynamic individual with a strong command of both English and Arabic for the role of Business Development Coordinator in Kuwait. This position calls for a proactive, approachable professional with exceptional verbal and written communication skills. The ideal candidate will have a background in sales and marketing, adept at maintaining target lists and engaging with potential and existing clients. A valid driver's license is a requirement for this role. Additionally, the candidate should possess the ability to effectively manage their workload, showcasing excellent time management skills. Preferred educational backgrounds for this position include majors in Business Administration, Logistics, Communications, Marketing/Sales, and Economics.
Non-relevant CVs will be disregarded
Please send your CV to communications@amchamkuwait.og |
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