News Summary and Updates

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 Dear Subscriber, 
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Newest Corporate Member
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The Green Flame Gas Co.is one of the leading Companies in Kuwait working in the field of Gas Piping. Throughout our projects, we implement the International Fuel Gas Code (IFGC), according to the Standards of the General Extinguish Authority – Kuwait, for the fire protection system of dangerous materials in practical terms.

Industries:Consulting, Commercial, Gas Supply, Maintenance, Equipment and Engineering 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 Back to Business event, please contact us at communications@amchamkuwait.org, and we will provide you with more information about sponsorship opportunities.
12
Sep
Back To Business Annual General Meeting
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Click to Register
03
Nov
AmCham Kuwait's 21st Golf Tournament
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Click to Register
Supported Event- US-Kuwait Healthcare Partnership Forum (September 19-20)
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Those who are interested in attending may send an email to 
 
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August 8, AmChams in the GCC Host Virtual Vendor's Day
August 8, AmChams in the GCC Host Virtual Vendor's Day
AmCham Kuwait together with AmCham Abu Dhabi, Oman, and the American Chamber of Commerce in Qatar hosted a workshop on ‘How to do Business with the U.S. Military’ with speakers from the 408th Contracting Support Brigade (CSB), the U.S. Army’s Regional Contracting Center - Kuwait (RCC-KU), The United States Army Corps of Engineers (USACE), the Joint Contingency Contracting System team (JCCS) and the U.S. Air Force 386th Expeditionary Wing. The event started with the opening remarks by AmCham Kuwait’s Chairman – Mr. Pete Swift, who welcomed and thanked the participants for taking the time to learn more about doing business with the U.S. Federal Government...
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August 10, AmCham Kuwait and the U.S. Military Host the Multiple Award Task Order Contracts (MATOC) 2023-2028 Industry Day
August 10, AmCham Kuwait and the U.S. Military Host the Multiple Award Task Order Contracts (MATOC) 2023-2028 Industry Day
AmCham Kuwait hosted the Multiple Award Task Order Contracts (MATOC) Industry Day in partnership with the 408th Brigade, the Regional Contracting Center (RCC-KU), and the 386th ECONS. This event showcased an exceptional upcoming opportunity for construction companies to compete on various requirements for the U.S. military in Kuwait...
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AmCham Kuwait Member News
 
Al Ahli Bank of Kuwait Recognizes Mansouriya Branch’s Exceptional Performance as Part of its ‘Rising Branch’ Program
Al Ahli Bank of Kuwait Recognizes Mansouriya Branch’s Exceptional Performance as Part of its ‘Rising Branch’ Program
As a leading financial institution, Al Ahli Bank Kuwait (ABK) is committed to continuously improving its employee reward mechanism to drive performance excellence. The Bank remains steadfast in its goal to provide the necessary resources for success, enabling professional development.

As such, and to encourage healthy competition, ABK launched its ‘Rising Branch’ program. Through quarterly evaluations, this initiative rewards branch employees who consistently meet designated criteria, with an emphasis on delivering exemplary service. This strategic focus aligns with ABK’s dedication to achieving excellence in the banking sector...
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Navigating Legal Horizons
Navigating Legal Horizons
Air Carrier Liability under the Montreal Convention: Implementation by Kuwaiti Courts", written by Associate Passant Mansour, sheds some light on common aviation risks such as flight delay, force majeure and compensation for damages.
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5 Essential Tips to Help High School Students Prepare for University Life
5 Essential Tips to Help High School Students Prepare for University Life
Transitioning from high school to university is an exciting and transformative journey. It marks the beginning of a new phase in life, filled with new opportunities and challenges. To ensure a smooth transition, it is crucial for high school students to adequately prepare for university life. In this blog, we will explore five essential tips that can help students navigate this exciting phase and make the most out of their university experience...
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The American University of Kuwait Concludes Sponsorship for Kon Program
The American University of Kuwait Concludes Sponsorship for Kon Program
AUK successfully concluded its academic sponsorship of the KON program, organized by LOYAC for social entrepreneurship. In line with the University’s commitment to social responsibility and youth development, the program was hosted on AUK's campus.
The KON program, in collaboration with Babson College—a leading institution in social entrepreneurship, caters to youth aged 12 to 16 and provides training to equip students with the tools and resources to achieve their goals, showcasing their projects by the end of the program.
Amal Al-Binali, AUK's executive vice president, expressed her pride in the University's continued academic partnership with LOYAC, “AUK and LOYAC are proud academic partners for the second year of the Kon Social Entrepreneurship Program. We share the belief in empowering young individuals to create positive change. We also recognize the urgent need to address environmental and social challenges and firmly believe that entrepreneurship can play a significant role in finding innovative solutions.”...
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Airplane Arrives at Boeing Site for X-66A Modification
Airplane Arrives at Boeing Site for X-66A Modification
PALMDALE, Calif., Aug. 17, 2023 /PRNewswire/ -- Boeing [NYSE:BA] has ferried an MD-90 airplane to the site where it will be modified to test the Transonic Truss-Braced Wing (TTBW) configuration as part of NASA's Sustainable Flight Demonstrator project.
As Boeing, NASA and community leaders gathered at the company's facility today to recognize the milestone in the development of the experimental X-66A aircraft, Boeing released photos of the jet's journey from Victorville, Calif., to Palmdale.
The X-66A is NASA's first experimental plane focused on helping the U.S. achieve its goal of net-zero aviation greenhouse gas emissions. Modification will begin soon and ground and flight testing is expected to begin in 2028.
"This marks an important step in the Sustainable Flight Demonstrator project, advances Boeing's commitment to sustainability and brings us closer to testing and validating the TTBW design," said Boeing Chief Technology Officer Todd Citron...
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An Icon Goes All-Electric: Cadillac Middle East Introduces the 2025 Cadillac ESCALADE IQ
An Icon Goes All-Electric: Cadillac Middle East Introduces the 2025 Cadillac ESCALADE IQ
Cadillac today unveiled the first-ever all-electric 2025 ESCALADE IQ, a reimagination of the luxury full-size SUV experience, brimming with iconic design, the highest level of craftsmanship and the latest automotive technology.
Offering a Cadillac-estimated over 700 km of range1, the ESCALADE IQ elevates the driving experience with a curved pillar-to-pillar 55-inch total diagonal LED display, available Super Cruise® driver assistance technology2, luxurious appointments with a bold interior and exterior design, no-compromise performance, and zero tailpipe emissions...
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Cisco to boost internet of things offer with Working Group Two
Cisco to boost internet of things offer with Working Group Two
Cisco has revealed its intent to acquire Working Group Two (WG2), a Norwegian company that is said to have pioneered a cloud-native mobile services platform that’s fully application programming interface (API)-consumable and highly programmable.

Emerging from a Telenor laboratory in 2013, WG2 began after being frustrated with the inability to use mobile networks to conduct innovation, prompting a rebuild of the mobile network for a new age. The overarching goal of the firm was to create a “radically innovative, radically simple and radically affordable” modern mobile core, something the company said was a key component in advancing the mobile industry...
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EQUATE Global Planning and Business Development Department (GPBD) and KNPC completed a productive meeting
EQUATE Global Planning and Business Development Department (GPBD) and KNPC completed a productive meeting
EQUATE Global Planning and Business Development Department (GPBD) and KNPC completed a productive meeting, fostering enhanced synergy and paving the way for more fruitful collaboration...
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Anant Maheshwari Named Honeywell High Growth Region President And CEO
Anant Maheshwari Named Honeywell High Growth Region President And CEO
CHARLOTTE, N.C., August 4, 2023 -- Honeywell (NASDAQ: HON) announced today that Anant Maheshwari has been named President and CEO of Honeywell’s High Growth Region portfolio, effective September 4, 2023. He will succeed Ben Driggs, who will be taking another leadership role in the company. Maheshwari will be a Corporate Officer of the Company, reporting directly to Honeywell CEO Vimal Kapur and will be located in Dubai, United Arab Emirates...
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Lockheed Awarded Army Contract for PAC-3 Missile Component Engineering Support
Lockheed Awarded Army Contract for PAC-3 Missile Component Engineering Support
The U.S. Army awarded Lockheed Martin‘s missiles and fire control business a $23 million contract to provide engineering services for a common ignition safety device for the PATRIOT Advanced Capability-3 missile segment.
The cost-plus-incentive-fee contract is expected to be performed in Grand Prairie, Texas, until April 28, 2025, the Department of Defense said Monday...
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Mashreq to empower women to make a career comeback with the launch of ‘Reignite’ global programme for Returning Women
Mashreq to empower women to make a career comeback with the launch of ‘Reignite’ global programme for Returning Women
Mashreq, one of the leading financial institutions in the MENA region, today announced the launch of ‘Reignite’, its new Returning Women program for female professionals wishing to resume their careers after a break.

Backed by a successful launch in the Indian region driven by Mashreq Global Network, the program is all set to be rolled out across the global locations for Mashreq...
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RTX space sensor to monitor coastal ecosystem health
RTX space sensor to monitor coastal ecosystem health
ARLINGTON, Va., Aug. 14, 2023 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, announced today that its Geostationary Littoral Imaging and Monitoring Radiometer, or GLIMR, sensor has completed its Critical Design Review and is now in the build and test phase of the program.

NASA selected GLIMR to be the agency's first ocean color hyperspectral imager in geostationary orbit. GLIMR will collect and process information from across the electromagnetic spectrum, including visible light, infrared and ultraviolet frequencies, to create a highly detailed view of physical and biological conditions in coastal waters...
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NDU Signs a Named Scholarship Agreement with Tarraf Foundation
NDU Signs a Named Scholarship Agreement with Tarraf Foundation
On Thursday, August 10, Notre Dame University Louise (NDU) signed a specific scholarship agreement with the Tarraf Foundation، a commitment dedicated to reducing the financial burden on students.

The convention was attended by both Fr. Bechara Khoury, President of Notre Dame University, Dr. Hussein Tarraf, Chairman of the Board of Trustees of the foundation, and Dr. Rana Jamal, Managing Director of Tarraf Foundation on the main campus with many of the university trustees...
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Zain Group Q2 ’23 net profit soars 14% to reach KD 57m and Board declares interim dividend of 10 fils per share
Zain Group Q2 ’23 net profit soars 14% to reach KD 57m and Board declares interim dividend of 10 fils per share
Zain Group, a leading provider of innovative technologies and digital lifestyle communications operating in seven markets across the Middle East and Africa, announces its consolidated financial results for Q2 and six months ended June 30, 2023. Zain served 52.7 million customers at the end of the period, a 2% increase year-on-year (YoY)...
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Arizona Commerce Authority Opportunities
 
Arizona Innovation Connection
Arizona Innovation Connection
NEW FUNDING OPPORTUNITIES FOR TBED

DEPARTMENT OF HEALTH AND HUMAN SERVICES

A Consortium for Gut-Brain Communication in Parkinson's Disease
The National Institute of Diabetes and Digestive and Kidney Diseases is accepting applications to participate in the Gut-Brain Communication in Parkinson's Disease (PD) Consortium (GBPDC). A goal of the consortium is to enhance our understanding of the temporal onset of GI symptoms in PD and changes in gut-brain communication that can be used to leverage the potential role of the GI tract in the pathogenesis and progress of PD and to improve patient diagnosis, care, and outcomes.

Eligibility:
Unrestricted domestically.
Deadline:
11/15/2023
Awards ID(s):
RFA-DK-22-036, RFA-DK-23-001
Links:

NATIONAL ENDOWMENT FOR THE HUMANITIES
Collaborative Research
The National Endowment for the Humanities is seeking to support projects that incorporate multiple points of view, pursue new avenues of inquiry in the humanities, and lead to manuscripts for print publication or to scholarly digital projects. Projects must focus on humanistic content and employ humanistic methods.
There are four project categories:
  1. Planning International Collaboration - supports initial meetings to brainstorm, plan, and establish new scholarly collaborations. The early-stage projects should involve at least one collaborator based in the U.S. and at least one collaborator based in a foreign country. Up to $25,000 is expected per award.
  2. Convening - supports a single scholarly conference, symposium, or seminar that is open to members of an intellectual community broader than the invited attendees, or up to two working group meetings that advance a single project and may be restricted to primary collaborators. Gatherings may be in-person or virtual. Up to $50,000 per award is expected.
  3. Manuscript Preparation - supports the completion of collaborative manuscripts in preparation for print publication. Applicants may request up to $100,000 for the first and second years and up to $50,000 for the third and final year. Involvement of minority-serving institutions can result in an additional $50,000 in support.
  4. Scholarly Digital Projects - supports the preparation of born-digital scholarly publications, resources, or tools designed to address explicitly stated humanities research questions. The digital project must include significant, integral humanities interpretation or advance an argument. Applicants may request up to $100,000 for the first and second years and up to $50,000 for the third and final year. Involvement of minority-serving institutions can result in an additional $50,000 in support.
Eligibility:
Unrestricted except for for-profit organizations.
Deadline:
11/29/2023
Awards ID(s):
20231129-RZ
Links:

NATIONAL SCIENCE FOUNDATION

Topical Materials Research Programs
The National Science Foundation is accepting applications for research that focuses on advancing the fundamental understanding of materials, materials discovery, design, synthesis, characterization, properties, and materials-related phenomena.
Awards are intended to:
  • enable understanding of the electronic, atomic, and molecular structures, mechanisms, and processes that govern nanoscale to macroscale morphology and properties;
  • manipulation and control of these properties;
  • discovery of emerging phenomena of matter and materials; and
  • creation of novel design, synthesis, and processing strategies that lead to new materials with unique characteristics.
Awards:
250 awards are expected.
Eligibility:
Institutions of higher education and nonprofit organizations.
Awards ID(s):
NSF 23-612
Links:
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Kuwait Business News
 
Kuwait's Parliament approves 2023-24 draft budget
Kuwait's Parliament approves 2023-24 draft budget
KUWAIT CITY, Aug 2:Kuwait's Parliament on Wednesday approved the draft budget for 2023-24, which forecasts a fiscal deficit of 6.8 billion dinars ($22 billion).
Kuwait recorded a budget surplus of 6.368 billion dinars in the fiscal year that ended on March 31, its first in nine years, the Finance Ministry said last month, as oil revenue jumped almost 65 percent on higher oil prices...
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Kuwait MoH: We are keen on expanding services, upgrading medical sector
Kuwait MoH: We are keen on expanding services, upgrading medical sector
KUWAIT CITY, Aug 3: The Kuwaiti Ministry of Health is keen on expanding services and medical centers at hospitals to improve this sector, Minister of Health Dr. Ahmad Al-Awadhi said Wednesday.

Al-Awadhi made the statement to KUNA while partaking in a blood donation campaign launched by the blood transplant department under his patronage on the 33rd anniversary of the liberation of Kuwait...
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Banks told to increase rate
Banks told to increase rate
KUWAIT CITY, Aug 9: The Central Bank of Kuwait has directed banks, after its recent decision to raise the discount rate by 0.25 percent, to increase their pricing for individual deposits in dinars by a minimum of one-eighth of a percentage point, in a regulatory effort to increase the attractiveness of the national currency amid the widening margin between the discount rate. The interest on the dollar is about 1.25 percent, as the US interest currently ranges between 5.25 and 5.5 percent, reports Al-Rai Daily. The Central Bank has finally approved raising the discount rate from 4 to 4.25 percent, as of July 27...
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Report notes Kuwait per capita wealth tops $100,000
Report notes Kuwait per capita wealth tops $100,000
KUWAIT CITY, Aug 16: Credit Suisse’s annual global wealth report has revealed that the average per capita wealth in Kuwait has surpassed $100,000, reports Al-Rai daily. The report highlighted that worldwide family wealth experienced its first decline since the 2008 financial crisis in 2022 due to inflation and the strengthening of the dollar. These factors contributed to a reduction of around $11.3 trillion in assets. The report indicated that the overall per capita wealth across the globe decreased by 2.4 percent to $454.4 trillion. The most significant portion of this decrease occurred in North America and Europe, where the loss totaled $10.9 trillion. However, not all regions saw a decrease in their wealth.
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Government urged to diversify Kuwait economy
Government urged to diversify Kuwait economy
KUWAIT CITY, Aug 16: MP Hasan Jowhar on Thursday asked Prime Minister Sheikh Ahmad Al-Nawaf Al-Sabah on the reasons for the delay in establishing the Public Warehouse and Border Crossings company 15 years after the law was passed by the National Assembly. Jowhar said that based on the latest budget, oil income is estimated at KD 17 billion while wages and salaries are projected at KD 15 billion, or 90 percent of total oil revenues. He said that for Kuwait to meet increasing demands for improving the standard of living for citizens, it has become urgently necessary to diversify sources of income away from oil...
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Kuwait looks to boost cooperation with WHO
Kuwait looks to boost cooperation with WHO
KUWAIT CITY, Aug 21: Kuwait is seeking to boost its collaborative efforts with the World Health Organization across various services, Health Minister Dr. Ahmed Al-Awadhi said on Monday.
Al-Awadhi met Dr. Hanan Balkhy, assistant director for antimicrobial resistance at the WHO, to discuss numerous areas of cooperation, the Kuwait News Agency reported...
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Kuwait to award 2 oil deals worth $158mln
Kuwait to award 2 oil deals worth $158mln
KUWAIT CITY, Aug 22: OPEC member Kuwait intends to award two oil maintenance contracts with a combined value of around $158 million, a local newspaper said on Monday.
The Central Agency for Public Tenders (CAPT) approved the awarding of one project at the request of the Kuwait National Petroleum Company (KNPC) but postponed a decision on the other contract, the Arabic language daily Alanba said...
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Kuwait Oil Company extends contracts for Jurassic gas project
Kuwait Oil Company extends contracts for Jurassic gas project
KUWAIT CITY, Aug 29: Kuwait is planning to extend a Jurassic gas contract awarded to US service firm SLB, local media reported.
Kuwait Oil Company (KOC) has asked the Central Agency for Public Tenders (CAPT) to extend the contract which involves the development of KOC’s Jurassic gas fields in two blocks in North Kuwait, the Arabic language daily Alanba said...
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U.S. Business News
 
Kuwait & US eye defense coop ‘boost’
Kuwait & US eye defense coop ‘boost’
Kuwait City, Aug 3: Kuwait’s Deputy Prime Minister and Defense Minister Sheikh Ahmad Fahad Al-Ahmad Al-Sabah received a telephone call Wednesday from his US counterpart Lloyd Austin, discussing means of boosting joint action and cooperation. The two ministers also shared views on several issues of common concern and reviewed the latest developments in international and regional arenas, Kuwait’s Ministry of Defense said in a statement...
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DOE Awards $34 Million to Advance Clean Hydrogen
DOE Awards $34 Million to Advance Clean Hydrogen
U.S., Aug 17: WASHINGTON, D.C. — The U.S. Department of Energy (DOE) today announced the award of nearly $34 million to 19 industry- and university-led research projects that will advance cutting-edge technology solutions to make clean hydrogen a more available and affordable fuel for electricity generation, industrial decarbonization, and transportation. Electricity generated from clean hydrogen will help reach the Biden-Harris Administration’s goals of achieving a zero-carbon American power sector by 2035 and a net-zero emissions economy by 2050.
“Clean hydrogen is one of our most versatile tools to slash emissions and forge a carbon-free pathway for a sustainable clean energy future,” said U.S. Secretary of Energy Jennifer M. Granholm. “With today’s announcements, DOE is supporting the continued advancement of clean hydrogen technology making it cheaper to produce and easier to deploy, all while creating good-paying jobs in the process.”
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2023's Best Real-Estate Markets
2023's Best Real-Estate Markets
WA, Aug 22: Whether you’re joining the real-estate business or just looking for a place to call home, it’s important to get a handle on the housing markets you’re considering before investing in a property. This year, the housing market is skewed much more toward sellers, with mortgage rates continuing to trend upward and home values having risen over 1.0% in the last year on average.
If you aim for long-term growth, equity and profit with your housing purchase, you’ll need to look beyond tangible factors like square footage and style. Those factors certainly drive up property values. From an investor’s standpoint, though, they hold less significance than historical market trends and the economic health of residents.
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USDA Grows Private Sector Tech Innovation in Food and Agriculture
USDA Grows Private Sector Tech Innovation in Food and Agriculture
WA, Aug 23: Today, the U.S. Department of Agriculture (USDA) announced an investment of over $12.5 million as part of the USDA Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The Phase I awards will support 76 small businesses conducting high-quality research that addresses critical scientific challenges and opportunities in agriculture...
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2 more eye drop products recalled after being linked to potentially deadly bacteria
2 more eye drop products recalled after being linked to potentially deadly bacteria
U.S., Aug 25: The U.S. Food and Drug Administration is warning people to stop using two more eye drop products after the agency found bacterial contamination in some of them.
According to a notice posted on the FDA's website, consumers should not use Dr. Berne’s MSM Drops 5% Solution and LightEyez MSM Eye Drops.
"Using contaminated eye drops could result in minor to serious vision-threatening infection which could possibly progress to a life-threatening infection," the FDA announced in the recall issued Tuesday.
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US launches marine energy research fund
US launches marine energy research fund
WA, Aug 28: The US Department of Energy's Water Power Technologies Office (WPTO) is to provide multi-million dollar funding to support marine energy research in the country.

WPTO has published a notice of intent to issue a US$14.5m funding opportunity to support marine energy research at US institutions of higher education, including minority-serving institutions.
WPTO expects to release this funding opportunity in fall 2023 in partnership with DOE’s Wind Energy Technologies Office (WETO)...
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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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