News Summary and Updates

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  Dear Subscriber, 
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Newest Corporate Member
 
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 is an international network of public accounting, tax, and advisory firms that perform professional services under the name of BDO. BDO is ranked as the World’s 5th largest accountancy network with offices across 164 countries and a combined revenue of USD 12.8 billion as of September 2022. Recently BDO celebrated its 60th anniversary.

BDO in Kuwait has a strong presence in the local market servicing some of the listed local and foreign companies as well as mid-sized companies in Kuwait. The Firm has two offices in Kuwait City and is led by Mr. Qais Mohammed Al-Nisf and four other partners.

Industry: Tax and Advisory Firms
 
Newest SE Member
 
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offers a wide range of services that include cleaning, leased heavy equipment, NTV leasing, Bus transportation, professional staff and supervisors, unskilled labor, generators, sponsorship, tents, and other turn-key operations to support any size mission.
In addition, we can promptly supply, install, and service New / Used Chemical toilets (Port-a-Johns) anywhere in Kuwait.

Industry: Janitorial and transportation services, Heavy Equipment leasing
 
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- 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
 
Supported Events
 
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 To attend please send your details to:   
This event is free of charge, however, spaces are limited.
 
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Click to Register
 
Recent Events
 
Sultan Meets with Iowa State University to Discuss Food Security Collaborations
Sultan Meets with Iowa State University to Discuss Food Security Collaborations
October 2023 - The Sultan Center and Iowa State University held a meeting to explore innovative collaborations on food security, exchange programs, and greenhouses to enhance Kuwait’s agricultural and food security, as each shared their expertise.
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AmCham Kuwait Welcomes Iowa State University
AmCham Kuwait Welcomes Iowa State University
October 2023: Iowa State University Engages in Strategic Dialogue and Exploration of Exciting Collaborative Opportunities during their Visit to AmCham Kuwait.
AmCham Kuwait Supports The 4th Gulf Cyber Security Conference - by Consulenza
AmCham Kuwait Supports The 4th Gulf Cyber Security Conference - by Consulenza
November 15, 2023: Under the patronage of Deputy Prime Minister and Minister of Oil and Minister of State for Economic Affairs and Investment Affairs Saad Al-Barrak, along with several senior officials from the Gulf Cooperation Council countries, the Fourth Gulf Conference and Exhibition on Cybersecurity Challenges was inaugurated on Monday in collaboration with the Central Agency for Information Technology, affiliated to the Cabinet, and in participation with the Union of Kuwaiti Banks, Ministry of Interior, Kuwait Army and other entities.
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Joint Collaboration with UNICEF to Advance Family-Friendly Policies in the Private and Public Sector in the Gulf Region
Joint Collaboration with UNICEF to Advance Family-Friendly Policies in the Private and Public Sector in the Gulf Region
November 15, 2023: AmCham, alongside UNICEF and strategic partners, convened a virtual webinar addressing the imperative need for family-friendly policies in the Arab Gulf region. Featuring insights from UNICEF speakers Walid Abou Jaoude, Erika Strand, and Christopher Kip, the event emphasized UNICEF's commitment to children's rights, showcasing collaborative initiatives with the private sector. Discussions delved into the impacts of COVID-19 on families, UNICEF's role in emergencies and climate change, and upcoming research on family-friendly policies. Christopher Kip highlighted the workplace significance, advocating for inclusive policies to balance family and work life. This collaboration underscores a joint commitment to nurturing environments that support working families, aiming to unlock children's potential, and the benefits of parental-friendly policies to drive social and economic development.
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AmCham Kuwait Supports 2nd Digital Transformation Kuwait
AmCham Kuwait Supports 2nd Digital Transformation Kuwait
November 20-21, 2023: AmCham AmCham Kuwait supported the 2nd Digital Transformation Kuwait Event, a gathering organized and hosted by GM Events at the Grand Hyatt Kuwait. This event brought together influential thought leaders, industry experts, and government officials to engage in comprehensive discussions regarding Kuwait's dynamic digitalization landscape. The diverse range of topics covered aimed to accelerate Kuwait's vision for a digitally empowered government and foster innovation and growth in the digital era.
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Cigna Visits AmCham Kuwait Team
Cigna Visits AmCham Kuwait Team
November 21, 2023: Cigna representatives engage in insightful discussions at AmCham Kuwait, exploring avenues for enhanced healthcare solutions and business partnerships.
AmCham Kuwait Bids Farewell To Air France - KLM
AmCham Kuwait Bids Farewell To Air France - KLM
November 26, 2023: As KLM-Air France bids farewell to Kuwait, we extend our heartfelt gratitude to Rajat Kumar and the entire KLM team for six years of invaluable partnership with AmCham Kuwait. Though this chapter closes, we look forward to the day when our paths cross again for continued collaboration. Thank you for being a stellar airline partner.
AmCham Kuwait Hosts 'Doing Business with the U.S. Military'
AmCham Kuwait Hosts 'Doing Business with the U.S. Military'
November 28, 2023: AmCham Kuwait hosted a webinar on ' How to Do Business with the U.S. Military'. The event featured speakers from the U.S. Army’s Regional Contracting Center - Kuwait (RCC-KU), the Joint Contingency Contracting System team (JCCS), and the U.S. Air Force 386th Expeditionary Wing. The goal of the event was to educate and inform vendors on how to do business with the U.S. military, the systems required to do so, and upcoming opportunities with each of the military entities that participated.
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AmCham Kuwait Partners with ILO for Workshop on 'Combatting Human Traffic in the Supply Chain'
AmCham Kuwait Partners with ILO for Workshop on 'Combatting Human Traffic in the Supply Chain'
November 29, 2023:AmCham Kuwait in partnership with the ILO held a workshop at the UN House on 'Combatting Human Trafficking in the Supply Chain'. Empowering the private sector with best practices for a sustainable and ethical business environment will enable them to retain a healthy workforce and good business practices.

For better recruitment:
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AmCham Kuwait Member News
 
ABK Announces Special Program to ABK honored with ‘Best Retail Bank 2023’ by Int’l Business MagazineTrain Employees in Sign Language Communication
ABK Announces Special Program to ABK honored with ‘Best Retail Bank 2023’ by Int’l Business MagazineTrain Employees in Sign Language Communication
7 November 2023: Al-Ahli Bank of Kuwait (ABK) is pleased to announce that it has been awarded Best Retail Bank 2023 by International Business Magazine. This recognition is a testament to ABK’s exceptional performance and commitment to excellence in delivering a wide range of services and innovative solutions to its valued customers.
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AIU Film Festival returns: Cinescape strategic partner
AIU Film Festival returns: Cinescape strategic partner
November 8, 2023: After a very successful event just last year, the AIU Film Festival returned to the American International University campus in Kuwait which started on Nov 5 and lasts until Nov 11. The festival promises to be a cinematic extravaganza once again, full of excitement and creative energy. For film enthusiasts, gear up for an immersive experience that is not only a showcase of films, but a celebration of storytelling, visual artistry and the magic of the silver screen.
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AUK Students Achieve Remarkable 3rd Place Victory in Gulf Programming Competition
AUK Students Achieve Remarkable 3rd Place Victory in Gulf Programming Competition
21 November 2023: Students from the College of Engineering and Applied Sciences (CEAS) at AUK secured an impressive 3rd place in the 11th Gulf Programming Competition (GPC), held at Sultan Qaboos University in Muscat, Oman. They showcased their abilities on a prominent regional platform, competing against 42 teams spanning four countries: Oman, Saudi Arabia, the United Arab Emirates, and Kuwait.
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Dubai Airshow 2023: Boeing to showcase innovations in sustainable aviation and its leading commercial, defense and services portfolio
Dubai Airshow 2023: Boeing to showcase innovations in sustainable aviation and its leading commercial, defense and services portfolio
6 November 2023: Boeing [NYSE: BA] will show its market-leading commercial, defense and services portfolio at the 2023 Dubai Airshow, with its new widebody 777-9 jet appearing in the flying display. The company also will demonstrate the state-of-the-art F-15QA (Qatar Advanced) fighter, the first time the digitally advanced Qatar Emiri Air Force F-15 has performed at an air show.
As a strategic sponsor of the airshow's Aerospace 2050 conference, Boeing will highlight its commitment and actions towards a more sustainable aerospace future and support of the aviation industry's goal of net-zero emissions by 2050.
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The Cigna Group Reports Strong Third Quarter 2023 Results, Raises 2023 Adjusted EPS, Revenue, and Cash Flow Outlook
The Cigna Group Reports Strong Third Quarter 2023 Results, Raises 2023 Adjusted EPS, Revenue, and Cash Flow Outlook
2 November 2023: Global health company The Cigna Group (NYSE: CI) today reported strong third-quarter results reflecting revenue and earnings growth across its diversified portfolio of businesses.
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Cisco expands full-stack observability ecosystem with seven new partner modules
Cisco expands full-stack observability ecosystem with seven new partner modules
8 November 2023: Cisco announced seven new modules on the Cisco Observability Platform, built by development partners and created to expand its full-stack observability ecosystem. This growing ecosystem helps customers fulfill their specific observability needs and utilize additional value from observable telemetry.
The new modules are focused on five critical areas: Business Insights, SAP Visibility, Networking, MLOps & SLO, and Sustainability.
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DHL concludes the 2023 Formula 1® season by presenting the awards for the fastest lap and pit stop
DHL concludes the 2023 Formula 1® season by presenting the awards for the fastest lap and pit stop
27 November 2023: At the conclusion of the 2023 FIA Formula One World Championship, during the Formula 1® ETIHAD AIRWAYS ABU DHABI GRAND PRIX 2023 in the United Arab Emirates, DHL, the Official Logistics Partner of the series, presented the DHL Fastest Lap Award to Max Verstappen for the second year in a row.
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Gulf Insurance Group maintains excellent ‘A’ ratings: Kuwait
Gulf Insurance Group maintains excellent ‘A’ ratings: Kuwait
20 November 2023: Gulf Insurance Group (GIG), one of the leading insurance groups in the Middle East and North Africa, was affirmed, along with its subsidiary Gulf Insurance and Reinsurance Company, with financial strength rating (FSR) of “A” (Excellent) and the long-term issuer credit rating (ICR) of “a” (Excellent) by AM BEST. The outlook of these ratings is stable. This follows an upgrade in the month of May 2023 by Moody’s Investors Service of GIG’s insurance financial strength rating (IFSR) from “A3” to “A2”, with a revised outlook from positive to stable. Standard & Poor’s had also affirmed during March 2023 an “A” rating for both GIG’s FSR and ICR with a stable outlook.
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Honeywell Providing Advanced Flight Controls For AIBOT's Electric Aircraft
Honeywell Providing Advanced Flight Controls For AIBOT's Electric Aircraft
14 November 2023: Honeywell (NASDAQ: HON) has been selected by AIBOT to provide its Compact Fly-By-Wire (cFBW) system to support AIBOT's fully electric vertical takeoff and landing (eVTOL) aircraft. This Honeywell technology will empower the next generation of aircraft avionics and create a sustainable transportation ecosystem for the future.
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L3Harris Wins Contract for Next Phase of U.S. Navy F/A-18 Electronic Warfare Modernization Contract
L3Harris Wins Contract for Next Phase of U.S. Navy F/A-18 Electronic Warfare Modernization Contract
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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Lockheed Martin Awarded $199M for Multiple Launch Rocket System Family of Munitions Programs
Lockheed Martin Awarded $199M for Multiple Launch Rocket System Family of Munitions Programs
27 November 2023 - Lockheed Martin Corp., Grand Prairie, Texas, was awarded a $199,154,320 hybrid (cost-plus-fixed-fee and firm-fixed-price) contract for industrial engineering services for the Multiple Launch Rocket System Family of Munitions programs. Bids were solicited via the internet with one received. Work will be performed in Grand Prairie, Texas; White Sands Missile Range, New Mexico; Redstone, Alabama; Camden, Arkansas; Lufkin, Texas; Archbald, Pennsylvania; Orlando, Florida; Ocala, Florida; Clearwater, Florida; Vergennes, Vermont; Budd Lake, New Jersey; Camden, Arizona; Palm Bay, Florida; Jackson, Mississippi; and Whippany, New Jersey, with an estimated completion date of Nov. 28, 2028. Fiscal 2010 Foreign Military Sales (Finland); and fiscal 2023 and 2024 other procurement, Army funds in the amount of $6,544,029, were obligated at the time of the award. Army Contracting Command, Redstone Arsenal, Alabama, is the contracting activity (W31P4Q-24-C-0007).
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Mashreq Provides Chalhoub Group with its Debut Sustainability-Linked Working Capital Facility, Reinforcing Commitment to ESG
Mashreq Provides Chalhoub Group with its Debut Sustainability-Linked Working Capital Facility, Reinforcing Commitment to ESG
21 November 2023: Mashreq, a leading financial institution in the MENA region, has extended to Chalhoub Group its first Sustainability-Linked Working Capital Facility in a strategic move that underscores the growing importance of sustainable financing in the Middle East. This debut bilateral facility not only highlights both entities’ commitment to environmental, social, and governance (ESG) principles but also sets a new benchmark for sustainable financing in the region.
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NOV & AKM Announce Partnership
NOV & AKM Announce Partnership
7 November 2023: AKM's ProACT, a cutting-edge drilling data analytics solution, is now on NOV's Max Platform™, the energy industry's leading IIoT data platform. ProACT streamlines well construction workflows from planning and daily operations to post-well analysis and reporting, which empowers operators with unmatched capabilities for improving drilling operations.

ProACT's comprehensive toolkit equips drilling engineers, managers, and field personnel to make rapid, informed decisions that not only mitigate drilling risks but also reduce cycle times and control costs, ultimately driving efficiency and profitability in asset developments.
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RTX and Rafael to establish a missile production facility in Arkansas
RTX and Rafael to establish a missile production facility in Arkansas
1 November 2023: Raytheon, an RTX business, is collaborating with Rafael Advanced Defense Systems to create a production facility in East Camden, Arkansas, to manufacture the Tamir missile for the Iron Dome Weapon System and its US counterpart, SkyHunter.
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Shell and KUFPEC discover gas offshore Egypt
Shell and KUFPEC discover gas offshore Egypt
23 November 2023: Shell and partner Kuwait Foreign Petroleum Exploration Company (KUFPEC) have made a gas discovery at the Mina West play in Egypt’s Mediterranean Sea, the British energy giant announced on Tuesday.
The well located on the North East El-Amriya concession or Block 3 confirmed the presence of a gas-bearing reservoir.

The play was drilled by the Stena Forth drillship contracted from UK-headquartered vessel operator Stena Drilling.
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Year-End Tax Planning Opportunities Are Here
Year-End Tax Planning Opportunities Are Here
November 22 2023: Year-end is rapidly approaching, as are the holidays. So, before you become distracted with the seasonal celebrations, it may be in your best interest to consider year-end tax moves that can benefit you for both 2022 2023, and 2023 2024. Here are last-minute tax issues you might consider:

INDIVIDUAL PLANNING OPPORTUNITIES

Not Needing to File a 2023 Return? - If your income and tax situation is such that you do not need to file for 2023, don’t overlook the opportunity to bring in some additional income, to the extent it will be tax-free. For instance, if you have appreciated stock that you can sell without incurring any tax, consider selling it, or perhaps take a tax-free IRA distribution if you are 59½ or older or if younger and qualify for an exception to the “early withdrawal” penalty.
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Zain holds training camp at the Zain Innovation Center
Zain holds training camp at the Zain Innovation Center
1 November 2023: Under their strategic partnership to empower innovation and support entrepreneurship, Zain and Sabah Al Ahmad Center for Giftedness and Creativity (SACGC) – a center of the Kuwait Foundation for the Advancement of Sciences (KFAS) have jointly hosted an informative session on innovation and sustainable financial success. The session, titled “Capitalize on Your Entrepreneurial Skills,” was presented by Marco Bertini, Professor of Marketing at Esade Business School, Barcelona.
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Arizona Commerce Authority Opportunities
 
Arizona Innovation Connection
Arizona Innovation Connection
NEW FUNDING OPPORTUNITIES FOR TBED

DEPARTMENT OF AGRICULTURE
Rural Energy for America
The Rural Business-Cooperative Service seeks to help agricultural producers and rural small business owners make energy efficiency improvements and renewable energy investments to lower energy costs, generate new income, and strengthen the resiliency of their operations.
Projects should advance the following key priorities:
  • Assisting rural communities recover economically through more and better market opportunities and through improved infrastructure;
  • Ensuring all rural residents have equitable access to rural development (RD) programs and benefits from RD-funded projects; and
  • Reducing climate pollution and increasing resilience to the impacts of climate change through economic support to rural communities.
The maximum federal share that may be requested is up to 50% of the total project cost for all energy-efficiency projects and zero-emissions renewable energy systems. An award of up to 50% of the total project cost is also available for any project in a designated energy community and/or submitted by an eligible tribal entity. All other projects are eligible to apply for grants of up to 25% of the total project cost.
Awards:
Multiple awards are expected.
Eligibility:
Units of government; institutions of higher education; an electric cooperative; a Public Power Entity; an Investor-owned utility; a Council; nonprofit organizations; and for-profit entities.
Deadline:
12/31/2023
Links:

DEPARTMENT OF DEFENSE
Young Faculty Award
DARPA seeks to support researchers early in their careers to develop innovative new research that enables transformative Department of Defense capabilities.
Applications should identify one of 24 Technical Areas, including 3D Microphysiologic Systems, Multiscale Modeling of Microbial Communities, and Electromagnetic Interference Safeguards Secured by Ionics.
Awards:
Multiple awards are expected.
Eligibility:
Unrestricted.
Deadline:
02/22/2024
Awards ID(s):
DARPARA2401
Links:

DEPARTMENT OF ENERGY
Challenges and Opportunities at the Interface of Wind Energy and Radar Technology
The Department of Energy is seeking feedback regarding wind energy.
Specifically, it is seeking information for:
  1. Siting challenges of wind energy developers related to radar interference,
  2. Potential mitigation technologies at the radar and/or turbine level that currently exist or are in development to address wind turbine-radar interference,
  3. Commercialization and market adoption of wind-radar interference mitigation measures, and what obstacles need to be overcome to accelerate commercialization and maximize adoption, and
  4. Bipartisan Infrastructure Law Provisions and Requirements, and Buy America Requirements.
Eligibility:
Unrestricted.
Deadline:
01/12/2024
Awards ID(s):
DE-FOA-0003166
Links:

DEPARTMENT OF HEALTH AND HUMAN SERVICES
In Vivo High-Resolution Imaging for Inner Ear Visualization
The National Institute on Deafness and Other Communication Disorders seeks to support the development of in vivo high-resolution structural and functional imaging technologies for the living human inner ear. Proposed projects should focus on improving the resolution of current imaging techniques or developing new imaging techniques that can visualize inner ear structures in vivo with significantly greater detail and accuracy than currently possible.
There are two opportunities available:
  1. Low-risk clinical trials will be supported through the award ID RFA-DC-24-004.
  2. Applicants interested in support for clinical trials that require FDA oversight, are intended to formally establish efficacy, or have potentially higher risks to participants should use the link ending in RFA-DC-24-005.html.
Awards:
2-4 awards are expected.
Eligibility:
Unrestricted.
Deadline:
02/01/2024
Awards ID(s):
RFA-DC-24-004, RFA-DC-24-005
Links:
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U.S. / Kuwait Business News
 
Iowa State University Meets with KISR Leadership and Tours Facilities
Iowa State University Meets with KISR Leadership and Tours Facilities
KUWAIT CITY, October: Productive dialogue on food security initiatives and cross-collaboration between AmCham Kuwait, Iowa State University, and KISR's leadership. We are grateful to KISR for their gracious hosting, and we anticipate fruitful future discussions.
Iowa State University Meets with KFAS Leadership
Iowa State University Meets with KFAS Leadership
KUWAIT CITY, October: Collaborative synergy in action: A productive meeting between Iowa State University and KFAS, paving the way for innovative partnerships and knowledge exchange between both entities.
 
Kuwait Business News
 
Kuwait to Introduce New Corporate Tax Initiative
Kuwait to Introduce New Corporate Tax Initiative
KUWAIT CITY, Nov 6: Kuwait is poised to reform its tax system in its efforts to join the OECD/G20 Inclusive Framework on base erosion and profit shifting, as it is the only Gulf Cooperation Council state that has yet to become a member.

BEPS refers to tax planning strategies used by multinational enterprises that exploit gaps and mismatches in tax rules to avoid paying tax, according to the official website of the Organisation for Economic Co-operation and Development.

The Kuwaiti government is set to introduce a new corporate tax initiative, known as the “Business Profits Tax Law,” as part of a complete plan to revamp the existing tax framework. This reform will be implemented in two stages and is expected to be fully phased out as early as 2025.
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Kuwait Witnesses 2.3% Drop in Oil & Gas Sector Financing in ’23
Kuwait Witnesses 2.3% Drop in Oil & Gas Sector Financing in ’23
KUWAIT CITY, Nov 6: In the first nine months of 2023, financing provided by local banks to the oil and gas sector in Kuwait experienced a decline of 2.3%, totaling 1.375 billion dinars. This decrease represents a drop from the 1.408 billion dinars recorded during the same period in 2022, as reported in the monthly statistics released by the Central Bank of Kuwait for September. The statistics reveal that monthly financing for the oil and gas sector for the month of September saw a notable increase of 97.9%, amounting to 6.2 million dinars.
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Kuwait Cabinet’s Directive: New Residential City in the Northtion center
Kuwait Cabinet’s Directive: New Residential City in the Northtion center
KUWAIT CITY, Nov 6: On Monday, the Kuwaiti Cabinet issued directives to the Public Authority for Housing Welfare (PAHW) to initiate the necessary preparations for the construction of a residential city in the northern region. This decision was made during a routine weekly cabinet meeting held at Bayan Palace and chaired by His Highness the Prime Minister, Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah.
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Kuwaiti delegates advocate for Gulf identity, cybersecurity
Kuwaiti delegates advocate for Gulf identity, cybersecurity
KUWAIT CITY, Nov 6: Members of the Kuwaiti parliamentary delegation to the 17th Gulf Cooperation Council (GCC) Parliaments Assembly MPs Muhammad Al-Mahan and Fahd bin Jame’e represented the country in the 16th meeting of the Foreign Relations Coordinative Committee. Al-Mahan, who serves as Secretary of the Inter-Parliamentary Group, stressed the need for such meetings in order to consolidate positions on common issues in international forums. He disclosed that the committee discussed a number of common Gulf issues, which reflect the unity of GCC countries On the other hand, Jame’e – a member of the Executive Committee in the Inter-Parliamentary Group – confirmed that they reached an agreement on some common issues; such as developing the Gulf identity and strengthening cybersecurity.
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Kuwait eyes greater ties with global healthcare bodies
Kuwait eyes greater ties with global healthcare bodies
KUWAIT CITY, Nov 11:Kuwait plans to bolster cooperation with renowned healthcare bodies across the world, its health ministry said on Thursday, citing that the measure is instrumental in boosting the national healthcare system.
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Mutlaa City Welcomes Its First-Ever Emergency Care Center
Mutlaa City Welcomes Its First-Ever Emergency Care Center
KUWAIT CITY, Nov 11: The Minister of Health Dr. Ahmad Al-Awadhi announced that 80 new ambulances will enter service at the beginning of the year 2024, revealing that these ambulances will be brought from the United States of America to support the health system in Kuwait, particularly the Medical Emergency Department. In a press statement issued on the sidelines of the inauguration of the Mutlaa City Ambulance Center on Thursday.
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MEW opens the door for its employees to pursue studies
MEW opens the door for its employees to pursue studies
KUWAIT CITY, Nov 12: The Ministry of Electricity, Water, and Renewable Energy has initiated a program for employees interested in pursuing university studies within Kuwait, enabling them to take advantage of the Civil Service Commission’s directive allowing the integration of study and work within the country, reports Al-Rai daily

According to reliable sources within the ministry, the Administrative Affairs Sector has devised a form for employees expressing a desire to continue their studies. It is mandatory for each employee intending to pursue a university education to complete this form.
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Kuwait’s Mega Refinery To Return To Full Operation In 10 Days After Brief Halt
Kuwait’s Mega Refinery To Return To Full Operation In 10 Days After Brief Halt
KUWAIT CITY, Nov 13: Kuwait’s Al-Zour Refinery, one of the largest crude processing facilities in the Middle East, experienced a brief halt on Sunday following a “sudden interruption” in fuel and gas supply, the operator of the refinery said.
The restart has already begun, and it is expected that the refinery with a capacity of 615,000 barrels per day (bpd) would take up to 10 days to return to normal operations, Kuwait Integrated Petroleum Industries Company (KIPIC) said.
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Kuwaiti banks directed to embrace green financing for sustainable future
Kuwaiti banks directed to embrace green financing for sustainable future
KUWAIT CITY, Nov 15: In a proactive move towards supporting climate initiatives and anticipating the future landscape of global credit, the Central Bank of Kuwait has verbally instructed local banks to earmark a portion of their loan portfolios for green financing, according to reliable sources.

While the regulatory body has refrained from specifying an annual ceiling for green financing, it emphasized that each bank should allocate a share of its loans to both local and foreign projects in the green sector. The directive does not prescribe particular allocations for different financing wings or the overall loan portfolio.
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Kuwait participates in COP28 to combat climate change
Kuwait participates in COP28 to combat climate change
KUWAIT CITY, Nov 20: The United Arab Emirates is set to host the 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change from November 30th to December 12th, 2023, in Dubai. The event will see participation from the Kuwait Fund alongside several government entities, representing the State of Kuwait’s efforts in reducing the effects of climate change. The conference will host over 120 states and government leaders, underscoring its status as a critical global platform for collaborative climate action.
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Private sector opportunities in energy generation: Ministry explores diverse proposals in Kuwait
Private sector opportunities in energy generation: Ministry explores diverse proposals in Kuwait
KUWAIT CITY, Nov 27: Sources within the Ministry of Electricity, Water, and Renewable Energy have affirmed the necessity of promptly addressing proposals for independent supplier projects. These projects are crucial for providing a support buffer to the electrical network over the next two years, especially in the absence of new production entering service.
The sources mentioned that the ministry received several proposals, encompassing both renewable energy-based electricity production and conventional power stations. They highlighted that the private sector now has the opportunity, through these initiatives, to play a role in generating energy. This aligns with the decision to procure energy from external sources, allowing for increased private-sector involvement.
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Commerce Ministry partners with the Regulatory Authority for digital oversight
Commerce Ministry partners with the Regulatory Authority for digital oversight
KUWAIT CITY, Nov 30: The Ministry of Commerce and Industry has entered into an agreement and memorandum of understanding with the Communications and Information Technology Regulatory Authority. The signatories, Nasser Al-Mutawa from the Ministry of Commerce and Abdullah Al-Ajmi from the Communications and Information Technology Regulatory Authority, aim to facilitate the provision of blocking and unblocking services for electronic content.
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U.S. Business News
 
Department of Commerce to Establish U.S. Artificial Intelligence Safety Institute to Lead Efforts on AI Safety
Department of Commerce to Establish U.S. Artificial Intelligence Safety Institute to Lead Efforts on AI Safety
US, Nov 1: the U.S. Department of Commerce, through the National Institute of Standards and Technology (NIST), will establish the U.S. Artificial Intelligence Safety Institute (USAISI) to lead the U.S. government’s efforts on AI safety and trust, particularly for evaluating the most advanced AI models. USAISI will support the responsibilities assigned to the Department of Commerce under the historic executive order that President Biden signed earlier this week.
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FDA Proposes to Ban Food Additive, Continues Assessments of Additional Chemicals
FDA Proposes to Ban Food Additive, Continues Assessments of Additional Chemicals
US, Nov 2: Today, the U.S. Food and Drug Administration proposed to revoke the regulation authorizing the use of brominated vegetable oil (BVO) in food. The agency concluded that the intended use of BVO in food is no longer considered safe after the results of studies
conducted in collaboration with the National Institutes of Health (NIH) found the potential for adverse health effects in humans.
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USDA Forest Service proposes rule to facilitate carbon capture and sequestration permitting on national forest lands
USDA Forest Service proposes rule to facilitate carbon capture and sequestration permitting on national forest lands
US, Nov 3:The U.S. Department of Agriculture’s Forest Service today announced a Notice of Proposed Rulemaking (NPRM) that would allow the agency to consider proposals for potential carbon capture and sequestration projects on national forests and grasslands. This proposal would harmonize the framework between the federal government’s two largest land managers by aligning with regulatory structures already established for the U.S. Department of Interior’s Bureau of Land Management.
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NASA Launches its First On-Demand Streaming Service, Updated App
NASA Launches its First On-Demand Streaming Service, Updated App
US, Nov 8: NASA’s new on-demand streaming service and upgraded app are now available, ushering in a new world of original content from the space agency for the benefit of all. These new digital platforms are the landing place of original video series, live launch coverage, kids’ content, Spanish-language programming, and the latest news as NASA continues to improve life on Earth through innovation, exploration, and discovery.
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VA launches advertising campaign to encourage new Veterans to sign up for health care and benefits
VA launches advertising campaign to encourage new Veterans to sign up for health care and benefits
US, Nov 10: The Department of Veterans Affairs launched a groundbreaking national advertising campaign to encourage Veterans to sign up for the VA health care and benefits they’ve earned.
The $5+ million campaign, “What You Earned,” focuses on educating Veterans and their families about some of the most tangible, cost-saving benefits of using VA – including low-cost or no-cost health care, debt-free education, $0 down payments on home loans, no-cost memorial services and burials, and much more. The campaign uses actual cost comparisons to demonstrate Veterans’ savings with VA vs. without VA, with the goal of encouraging Veterans who are not enrolled in VA health care or receiving VA benefits to apply for the first time.
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U.S. Department of Transportation Announces New Thought Leadership Series “Up, Up, and Away: Innovations in Advanced Air Mobility”
U.S. Department of Transportation Announces New Thought Leadership Series “Up, Up, and Away: Innovations in Advanced Air Mobility”
US, Nov 28: The U.S. Department of Transportation today announced that Federal Aviation Administration (FAA) and the U.S. DOT Volpe Center will partner on a virtual thought leadership program entitled “Up, Up, and Away: Innovations in Advanced Air Mobility.”

The seven-part event series will take place from November 2023 through February 2024. Each forum features leading Federal and private sector panelists and is open to the public. Registration is required.
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U.S. Department of Energy Announces $3 Million to Transition Tribal Colleges and Universities to Clean Energy
U.S. Department of Energy Announces $3 Million to Transition Tribal Colleges and Universities to Clean Energy
US, Nov 30: The U.S. Department of Energy (DOE) today announced $3 million in funding for two projects aimed at transitioning Tribal College and University campuses to clean energy. This investment will support efforts to achieve energy sovereignty by lowering operating costs, providing a foundation
for clean energy curricula, and serving as examples to be replicated at other institutions. This funding supports ongoing efforts by the Biden-Harris Administration to reduce energy costs for disadvantaged communities and increase energy security and resilience on college campuses.
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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
 
Chairman's Club Members
 
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