If your company is interested in being an event sponsor or a raffle prize sponsor for upcoming events such as the Annual Iftar Event, Election Night, Fourth of July, or any other events, please contact us at communications@amchamkuwait.org, and we will provide you with more information about sponsorship opportunities. |
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Join our Networking Event to engage with industry leaders, foster meaningful connections, and explore fresh opportunities. Expand your network, exchange insights, and elevate your professional path. Don't overlook this opportunity to ignite your success – become part of the growth, innovation, and collaboration that characterize our event! |
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Welcome to the 12th Annual AmCham MENA Regional Conference, hosted by AmCham Dubai on April 17- 19 at the Westin Dubai Mina Seyahi Resort & Marina. Embracing the theme of "One Region, One Voice,". This conference unites leaders and experts from across 12 nations of the MENA region.
The conference spans two and a half days, featuring a dynamic agenda with keynote and panel discussions, roundtable sessions, and networking opportunities. We are honored to host distinguished U.S. and regional government representatives and industry leaders who will contribute their insights to the discussions.
We invite senior leadership from diverse industries and sectors, including Government Affairs, HR, Finance, the Health Sector, Sustainability, and more. This cross-industry representation ensures a comprehensive dialogue, making it an invaluable experience for professionals seeking insights into various facets of regional economic development and collaboration. |
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We are hereby inviting you to our next Virtual Experience, which will be focused on the Child Nutrition Fund. Together we will explore this innovative mechanism through which UNICEF and partners are committed to ensuring that by 2030, there is sufficient sustainable funding to reach at least 350 million children and women with vital needs to end child wasting.
Please remember that partners MUST register to access each VE. The registration link is below, and also in each invitation on the ‘Register now’ button.
Event Details: This virtual experience will take us to explore the details of the Child Nutrition Fund, an innovative mechanism that works around the world to mobilize the required resources to scale-up essential actions for the early prevention, detection and treatment of child wasting. Hosted by Saul Guerrero, UNICEF Senior Advisor Financing for Child Nutrition & Development, we will visit Pakistan, Kenya, and other countries participating in the initiative. Innovative Solutions for Children´s Nutrition UNICEF Virtual Experience. 18 April OM Direct Registration Links |
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The Kuwait Innovation Forum Tuesday, April 23, 2024 Join us for this captivating event as we celebrate the spirit of innovation within Kuwait’s thriving business sector. Despite challenges, Kuwait’s economy has remained remarkably resilient and buoyant. Through engaging discussions, expert panels, and inspiring success stories, we will explore how businesses in Kuwait have embraced innovation to overcome obstacles, drive growth, and shape a prosperous future. Discover cutting-edge strategies, emerging technologies, and collaborative opportunities that will propel Kuwait’s business landscape to new heights. |
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| March 3, 2024: AmCham Kuwait is proud to announce the successful organization of its inaugural Disabilities Focus Group Meeting at the Crown Plaza Hotel. The meeting brought together a diverse array of stakeholders to discuss pertinent issues surrounding the employment and training of people with disabilities in Kuwait's private sector. |
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| March 5, 2024 - AmCham Kuwait, alongside prominent member companies such as NOV, DHL Express, EQUATE Petrochemical Company, and EY, actively engaged in AIU's career fair. This event served as an invaluable platform for students to connect with prospective employers, facilitating opportunities for internships and employment within these esteemed organizations. |
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| March 7, 2024: AmCham Kuwait was delighted to have attended the official opening of the “MAGNIF(I)” Visual Arts Exhibition hosted by The American International School and The Diploma Visual Arts students. The exhibition celebrated one and a half years of Visual Arts creation and study. It was a captivating showcase of each student's collection. |
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| March 7, 2024:AmCham Kuwait joins DHL Express in celebrating Women's Day, empowering and recognizing the invaluable contributions of women in business and beyond. |
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| March 10, 2024: AmCham Kuwait's Vice Chair, Dr. Arezou Harraf delivered a motivational interactive talk at Brinks for the female employees honoring International Women's Day. |
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| March 11, 2024: AmCham Kuwait engaged in discussions with the World Bank to explore collaboration in Sustainable DEI initiatives for capacity building. |
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| The ABCK - AmCham Kuwait at Bastaki Family’s Ramadan Ghabga |
| March 13, 2024: AmCham Kuwait was honored to participate in Ahmad Bastaki Ramadan Ghabqa. This event united influential figures from the business sector, fostering community connections and strengthening relationships. We extend our gratitude to Ahmad Bastaki for the gracious invitation. |
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| Amcham Kuwait Hosts Annual Iftar |
| March 27, 2024: The ABCK-AmCham Kuwait held their Annual Ramadan Iftar at the Four Seasons Hotel, sponsored by the Kuwait Resources House (KRH) as the Platinum Sponsor, Saudi Arbian Chevron as the Gold Sponsor, Brinks as the Silver, Raytheon Technologies as a supporting sponsor, and British Airways as the event’s Exclusive Airline Partner. The Speakers spoke about the meaning of Ramadan as the community came together to promote social responsibility and outreach. |
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| AmCham Kuwait Member News |
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| 13 March, 2024: Al Ahli Bank of Kuwait (ABK) reaffirmed its commitment to corporate social responsibility (CSR) by participating in a beach cleanup organized by Action Group Holding. The event took place at the Free Zone where volunteers from the Bank and Action Group Holding rolled up their sleeves to make a positive impact on the environment. |
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| 26 March, 2024: In a world where technology reigns supreme, it's no secret that Artificial Intelligence (AI) is the driving force behind innovation and progress. This Fall 2024, American International University (AIU) is taking a step forward by introducing a groundbreaking specialization in AI as part of the BS in Computer Science program. |
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| 27 March, 2024: The College of Engineering and Applied Sciences (CEAS), in partnership with the ACM Student Chapter, hosted its first programming contest. The contest brought together students from different disciplines in the college to compete in a challenging yet rewarding environment. |
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| 5 March, 2024: Boeing [NYSE: BA] received a $439.6 million contract to build the 12th Wideband Global SATCOM (WGS) communications satellite for U.S. Space Force's Space Systems Command. The WGS constellation delivers vital high-capacity, secure, and resilient communications capabilities to the U.S. military and its allies. |
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| 11 March, 2024: In 2021, the Cisco Foundation pledged $100 million over 10 years to combat climate change. The pledge reflects a sweeping, global effort to support some of the most promising startups and non-profits in their search for solutions to this profound challenge. And as droughts, floods, and migrant crises increase in severity, its importance continues to grow.
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| 20 March, 2024: DHL Group has received the highest "integrated" rating for its corporate citizenship engagement, making it one of only three DAX-40 companies to achieve this distinction. The evaluation was conducted as part of the study "Corporate Citizenship: From philanthropic outsider to competence center in sustainable businesses" by the consulting firm Wider Sense. The authors of the study examine the social engagement of DAX companies, assessing factors such as its scope, sustainability, credibility, and impact. |
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| 20 March, 2024: Muscat, Oman: GIG Gulf, one of the largest insurance providers in the MENA region with operations in Oman, Bahrain, Qatar, and the UAE, and a proud part of the Fairfax Group, is delighted to announce it has received approval from the Capital Markets Authority (CMA) in Oman to provide digitally integrated insurance services for its customers online. |
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| 27 March, 2024: CHARLOTTE, N.C., March 27, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced the intention to acquire the entire share capital of Civitanavi Systems S.p.A. (Civitanavi or the Company) (Euronext Milan Exchange: BIT: CNS). Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi for a purchase price of €6.30 per share in cash (an equity value of approximately €200 million at closing). |
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| 11 March, 2024: L3Harris Technologies (NYSE:LHX) has published its annual Sustainability Report, highlighting the company’s Environmental, Social and Governance programs and accomplishments to date.
“We deliver innovative, resilient, mission-critical solutions for U.S., allied and partner national security needs. As we continue to execute that strategy, we must conduct our business in a way that protects future generations,” said Byron Green, Vice President, Global Operations, L3Harris. “Our 2023 successes in sustainability further reinforce our commitment to our stakeholders, including the communities where we all live and work.” |
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| 6 March, 2024: The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a $219 million contract to produce more Early Operational Capability (EOC) Precision Strike Missiles (PrSM).
The award is the fourth production contract to date for the long-range surface-to-surface missile, which will allow for a significant increase in production capacity to meet Army demand.
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| 28 March, 2024: Dubai, UAE: Mashreq, one of the leading financial institutions in the MENA region, in partnership with NPCI International Payments Ltd. (NIPL), has taken a significant step forward in enhancing financial connectivity between the UAE and India. Unified Payments Interface (UPI) - enabled apps such as PhonePe will now be integrated with NEOPAY, Mashreq's payment platform, facilitating seamless payment solutions for Indian tourists across multiple merchant locations in the UAE.
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| 18 March, 2024: Microsoft Corp. is expanding its collaboration with NVIDIA to bring the power of generative AI, the cloud and accelerated computing to healthcare and life sciences organizations. The collaboration will bring together the global scale, security and advanced computing capabilities of Microsoft Azure with NVIDIA DGX Cloud and the NVIDIA Clara suite of computing platforms, software and services to help healthcare and life sciences organizations accelerate innovation and improve patient care. |
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| 21 March, 2024: Raytheon, an RTX (NYSE: RTX) business, today announced that its Lower Tier Air and Missile Defense Sensor, or LTAMDS, continues to advance through its U.S. Army test program with another successful live-fire event. Military leaders from seven nations were on-site to witness the radar's capabilities and performance first-hand. |
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| March, 2024: Viatris Inc. has been informed that Mapi Pharma Ltd. has received a Complete Response Letter (CRL) regarding the New Drug Application (NDA) for GA Depot 40 mg from the U.S. Food and Drug Administration (FDA). The Companies are reviewing the content of the CRL and will be determining the appropriate next steps. The Companies continue to believe in the potential of the product to provide an important new treatment advancement for patients with multiple sclerosis.
The receipt of this CRL does not result in a change to Viatris' 2024 financial guidance or its new product revenue range of $450M-$550M. |
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| 2 March, 2024: Zain announced it has signed a memorandum of understanding with global partner Samsung at the Mobile World Congress (MWC 2024) in Barcelona, Spain. The agreement explores future joint collaboration and new opportunities to expand on Zain and Samsung’s long-term partnership to bring the best tech innovations to consumers and businesses in the Kuwaiti market. |
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| U.S. / Kuwait Business News |
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| 28 March, 2024: Kuwait Deputy Prime Minister and Minister of State for Cabinet Affairs Sharida Al-Maousherji met on Wednesday with US Ambassador in Kuwait Karen Sasahara on ways of promoting distinguished relations between both friendly countries in all domains. |
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| Kuwait City, March 7: The Capital Markets Authority, in collaboration with the Kuwait Clearing Company, took part in the HSBC Middle East, North Africa, and Turkey Forum for 2024, held in Dubai at the end of February, reports Al- Qabas daily. This activity marks a continuation of CMA’s efforts to attract foreign investments and align with best international practices. |
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| Kuwait, March 11: Assistant Undersecretary of the Ministry of Information for Media Services and New Media Sector, Saad Al-Azmi, announced Sunday the launch of the new digital platform (51) on May 12, which will integrate all of the Ministry’s content digitally. Al-Azmi’s statement came during a press conference held to announce the details of the platform and its launch, which will coincide with the anniversary of the launch of Kuwait Radio on May 12, 1951, in cooperation with Fasttelco. |
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| March 15: Dubai: Kuwait has announced a three-month amnesty period, commencing from March 17, 2024, to June 17, 2024, offering relief to expatriates who have violated the country’s residency laws.
Sheikh Fahad Yousef Al Sabah, Deputy Prime Minister, Minister of Defence, and Acting Minister of Interior, announced the initiative, which coincides with Ramadan. |
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| Kuwait City, March 16: Al Ahli Bank of Kuwait (ABK), Commercial Bank of Kuwait (Al-Tijari) and Burgan Bank today announced the signing of a milestone credit facility with Daewoo Engineering & Construction (E&C) for US$ 250 million with a tenor of three years. |
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| Kuwait City, March 16: Standard & Poor’s global commodity trading agency analysts anticipate a rise in diesel exports from the Middle East to Europe in March, following their recovery in February. Saudi Arabia and Kuwait are expected to lead diesel exports to Europe, as refineries in the Gulf region increase production to meet high European demand for oil raw materials, reports Al-Qabas daily. |
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| Kuwait City, March 18: The Kuwait Direct Investment Promotion Authority has finalized plans for the Nuwaiseeb Free Zone, situated in the southern region of the country. Designed with advanced economic specifications, the free zone aims to emulate regional counterparts in terms of organization and investor services. |
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| Kuwait City, March 18: According to informed sources in the Ministry of Electricity, Water and Renewable Energy, the ministry requested the Ministry of Finance to approve the budget for a project for the supply and installation of a photovoltaic system in its facilities in ten locations for producing 34.6 megawatts within the small renewable energy projects that the ministry seeks to implement. |
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| Kuwait City, March 21: As the Ministry of the Interior continues to accept citizens and residents for biometric fingerprinting before the upcoming deadline of June 1st, informed sources emphasized the importance for all individuals required to undergo fingerprinting to take proactive steps to do so. Failure to comply may result in blocking their ministry transactions. It’s noted that approximately 1.7 million individuals have already completed or updated their data. |
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| Kuwait City, March 25: Assistant Undersecretary for Health Care Affairs in the Ministry of Health Dr. Nadia Jumaa revealed the ministry’s intention to soon open specialized clinics in various primary health care centers within the government’s 100-day action plan. In a press statement on the sidelines of the annual Ramadan Ghabqa organized by the Kuwait Association of Family Doctors and General Practitioners recently, Dr. Jumaa affirmed the ministry’s readiness to launch the Fahaheel Health Center after adding some new specialties, including preventive health and oral and dental health. |
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| Kuwait City, March 27: The Fatwa and Legislation Department, under the auspices of the Council of Ministers, has finalized the preparation of the ultimate draft concerning a proposed law on judicial arbitration. Informed sources told Al- Qabas daily that the objective of this new draft law is to enhance the arbitration sector in Kuwait, recognized as a crucial support mechanism for judicial operations. |
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Kuwait, March 27: Al-Zour North Power Generation and Water Desalination Plant Project Phase II and III
Tender Announcement
The Tender Committee for the Al-Zour North Power Generation and Water Desalination Phase II and III Project, in coordination and cooperation with the Public Private Partnership Projects Authority ("the Authority") and the Ministry of Electricity, Water and Renewable Energy in the State of Kuwait, is pleased to invite qualified investors ("Qualified Investors") announced in the Official Gazette Issue (1664) issued on 3/12/2023 and referred to below, to obtain the documents of the request for bidding and participation in the auction for the implementation of the project for Al-Zour North Station Phase II And the third for the production of electric power and water (the "Project") in accordance with the provisions of Law No. 39 of 2010 establishing Kuwaiti public shareholding companies to undertake the construction and implementation of electric power and water desalination plants in Kuwait and its amendments and executive regulations and Law No. 116 of 2014 regarding partnership between the public and private sectors and its executive regulations: |
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| Kuwait City, March 30: Minister of Health Dr Ahmad Al-Awadhi recently issued a ministerial decision; stipulating that a newly arrived residency applicant will be considered medically unfit if the result of his laboratory test for hepatitis C is ‘indeterminate’, reports Al-Rai daily. |
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| Kuwait City, March 30: The Ministry of Health has introduced new regulations for doctors over 65, requiring them to undergo medical examinations every two years to ensure their fitness to practice. General practitioners are permitted to work in various medical settings, including accident departments and outpatient clinics, with exceptions for specialized surgeries. |
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| Biden-Harris administration to back US hydrogen industry with $750 million |
| US, March 14: According to DOE, these projects, funded by the President’s Bipartisan Infrastructure Law, will help advance electrolysis technologies and improve manufacturing and recycling capabilities for clean hydrogen systems and components, directly supporting more than 1,500 new jobs. |
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| US, Mar 14: The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) today awarded approximately $40.5 million for 60 grant projects through the Organic Market Development Grant program. These projects will support the development of new and existing organic markets, support the infrastructure to improve processing capacity, explore emerging technologies to promote organic products, and purchase equipment to help meet the increasing demand for organic commodities. USDA anticipates the projects funded through this program will benefit more than 27,000 producers and over 31.8 million consumers by increasing organic market opportunities. USDA Deputy Secretary Xochitl Torres Small and Under Secretary for Marketing and Regulatory Programs Jenny Lester Moffitt made the announcement today at Natural Products Expo West in Anaheim, Calif. |
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| US, March 15: The US Department of Agriculture (USDA) has released a plan it said will boost biomass supply chain resiliency for domestic biobased product manufacturing, while also advancing environmental sustainability and market opportunities for small and mid-sized producers. |
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| US, March 19: Today, the Department of Veterans Affairs announced that it has processed its one millionth Veteran benefits claim in fiscal year 2024. VA reached this milestone March 4 — the earliest in VA history and nearly six weeks faster than the previous all-time record (from fiscal year 2023). VA has completed almost 35% more claims than at this point last year. |
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| US, March 28: U.S. Transportation Secretary Pete Buttigieg announced that the Department of Transportation is now accepting applications for approximately $5.1 billion in funding for projects of regional or national significance for three major discretionary grant programs. The application process has been streamlined into the single Multimodal Project Discretionary Grant Program (MPDG) opportunity. |
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| Offers & Discounts for AmCham Kuwait Members |
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New easyshop code available. Please contact communications@amchamkuwait.org |
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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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