| April 2, 2023 - The ABCK AmCham Kuwait Attends the UN's and the World Bank's Ghabga |
| AmCham Kuwait had the privilege of attending the UN's and the World Bank's Ramadan Ghabqa. The gathering brought together some of the brightest minds in our community to discuss current issues and explore ways to collaborate toward a brighter future. We were honored to be among such esteemed guests and look forward to continuing the conversation. Thank you to the hosts for putting on such a wonderful event. Read More... |
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| April 3, 2023 - ABCK-AmCham Kuwait and the U.S./Kuwait Business Council Hold a Defense Sector Roundtable |
| AmCham Kuwait and the U.S./Kuwait Business Council (U.S. Chamber) held their first joint roundtable defense discussion with some key-defense representatives, in attendance and support of the U.S. Embassy, and with the sponsorship of Boeing. The group spoke about the challenges for American defense contractors, intending to work to collaborate to support and advocate on issues that heavily affect this sector. Read More... |
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| April 18, 2023 - AmCham Kuwait Hosts Annual Ramadan Iftar Event |
| The ABCK-AmCham Kuwait held its Annual Ramadan Iftar at the Four Seasons Hotel, sponsored by the Kuwait Resources House (KRH) as the Platinum Sponsor, Raytheon Technologies as the Gold Sponsor, Boeing as a supporting sponsor, and KLM as the event’s Exclusive Airline Partner. We would like to recognize BACCH & KACCH for all their efforts to support children and their families in their health journey. Read More... |
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| AmCham Kuwait Member News |
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| ABK Announces its Year-Long Partnership with ‘Pret A Manger’ |
| Al Ahli Bank of Kuwait (ABK) announced its partnership with ‘Pret A Manger’ which has recently opened its branches in Kuwait which will result in many new and exclusive offerings for the Bank’s customers throughout the year.
On the occasion of this new collaboration, Johair Marafi, Acting General Manager of ABK’s Retail Banking Division, said, “This partnership reflects the Bank’s goal to affirm its position as one of the most prominent players in Kuwait’s banking sector.” |
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| AIU Joins the EdUp Experience Podcast |
| This month, as part of AIU’s continuous efforts to grow and provide the best in American-based higher education in the region, representatives from the AIU leadership team visited the Ellucian conference held in New Orleans. Director of Operations, Mr. Duncan MacMillan and Associate Vice President for Enrollment, Mr. Ryan Garrity joined the EdUp Experience podcast hosted by Dr. Joe Sallustio. Read more... |
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| Almas International Attorneys & Legal Consultants launches the first virtual attorney office in Kuwait |
| Almas International Attorneys & Legal Consultants launches the first virtual attorney office in Kuwait. This app is a first-of-its-kind, as it contains features to help clients manage their legal needs conveniently and efficiently. Read More... |
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| CCE-AUK Signs Partnership with GATES Group |
| Center for Continuing Education (CCE) at AUK signed a strategic partnership agreement with GATES Group, recognizing the need for complementing quality culture in the Kuwaiti healthcare sector through education and accreditation. GATES is a regional growth and development company that helps healthcare organizations and professionals solve problems related to policy, performance, operations, quality, and finance.Read more... |
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| Division of Companies under Kuwait Law: Conditions and Procedure |
| The Ministry of Commerce and Industry (“MOCI”) issued Resolution No. 60 for the year 2023 in the Kuwait Gazette dated 16 April 2023 (“Resolution 60/2023”) , which amends Decree No. 287 for the Year 2016 (“Executive Regulations”) of Law No. 1 of 2016, promulgating the Companies Law (“Companies Law”).Read more... |
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| Boeing’s New Military Satellite Integrates Anti-Jam Payload for Enhanced Battlefield Communication |
| EL SEGUNDO, CALIF., April 13, 2023 – Boeing [NYSE: BA] unveiled its Protected Wideband Satellite (PWS) design featuring Boeing’s Protected Tactical SATCOM Prototype (PTS-P) payload hosted aboard the U.S. Space Force’s Wideband Global SATCOM (WGS)-11 spacecraft. “The joint force is relying on us to deploy capabilities that enable secure communications in a prolific jamming environment,” said Charlotte Gerhart, Space Systems Command’s Tactical SATCOM division chief at the U.S. Space Force.Read more... |
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| Cisco Unveils New Solution to Rapidly Detect Advanced Cyber Threats and Automate Response |
| RSA CONFERENCE 2023, SAN FRANCISCO, Calif., April 24, 2023 — Cisco (NASDAQ: CSCO), the leader in enterprise networking and security, unveiled the latest progress towards its vision of the Cisco Security Cloud, a unified, AI-driven, cross-domain security platform. Cisco’s new XDR solution and the release of advanced features for Duo MFA will help organizations better protect the integrity of their entire IT ecosystem.Read more... |
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| Express Scripts Further Advances Transparency and Affordability for Consumers and Clients |
| ST. LOUIS, Mo., April 13, 2023 – Express Scripts, the pharmacy benefits management business of Evernorth, a subsidiary of The Cigna Group (NYSE: CI), today announced several actions to further evolve its pharmacy benefit management (PBM) model. The new solutions and capabilities will increase access to affordable medicines, and drive greater transparency and predictability.Read more... |
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| How can today’s millennial investors drive tomorrow’s business growth? |
| The 2023 EY Global Wealth Research Report shines a revealing light on the desires and behaviors of wealth management clients around the world. The research covers more than 2,600 clients spanning continents, age groups, and levels of wealth. More often than not, it’s Millennials that stand out from the crowd. Read more... |
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Ksenia Novikova Joins Four Seasons Kuwait at Burj Alshaya as Hotel Manager
April 20, 2023 - Kuwait: The Four Seasons Hotel Kuwait at Burj Alshaya has appointed Ksenia Novikova as Hotel Manager.
Ksenia joins the Four Seasons family with extensive experience working at luxury hotels in the United States, China, Eastern Europe and the Middle East.
The talented and multi award-winning hotelier started her career in 2004 working in F&B at the Sea Island Beach Club in Georgia, USA. Read more... |
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| Quarterly Honeywell Environmental Index Shows Sustainability Now Dramatically Outranks All Other Top Priorities For Business Leaders With More Stringent ESG Pressure On The Horizon |
| CHARLOTTE, N.C., April 18, 2023 /PRNewswire/ -- Honeywell (NASDAQ: HON), a global leader in energy and climate transition solutions, today released its 2Q 2023 Environmental Sustainability Index (ESI), a quarterly indicator of key trends, sentiment, and progress on global climate change mitigation and other sustainability initiatives and produced in partnership with The Futurum Group.Read more... |
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| Lockheed Martin's First LM 400 Multi-Mission Space Vehicle Completes Demanding Testing Milestone |
| DENVER, April 19, 2023 /PRNewswire/ -- The first Lockheed Martin (NYSE: LMT) LM 400, a versatile, mid-sized satellite that can be adapted for military, civil, or commercial uses, has successfully completed Electromagnetic Interference/Electromagnetic Compatibility testing. This trial is crucial to ensure that signals from the satellite bus components will not interfere with critical payloads during operations. |
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| L3HARRIS Prepares Next Generation NTS-3 Satellite For Launch in 2023 |
| GPS’ next-generation wingman, Navigation Technology Satellite – 3 (NTS-3), is on track to launch later this year. The experimental satellite, designed, built and tested by L3Harris, will help shape the future of U.S. positioning, navigation and timing (PNT) capabilities and defeat the threat that contested, degraded and denied PNT poses to our national security.Read more... |
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| Mashreq reports net profit of AED 1.6 bn with a 96% increase in operating profits for Q1 2023 |
| DUBAI, 27th April, 2023 (WAM) – Mashreq, a leading financial institution, has released its financial results for Q1 2023, showcasing a robust performance that has propelled the bank to cross the AED 200 billion in total assets milestone. The bank's operating profit increased by an impressive 96% to AED1.8 billion ($490.2 million) compared to the same period in 2022, due to healthy operating income growth in the UAE and other countries. Furthermore, the bank has shown improved efficiency, with its cost-to-income ratio declining to 30.2% in Q1 2023 from 40.3% in Q1 2022. Read more... |
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| Microsoft and Epic expand strategic collaboration with integration of Azure OpenAI Service |
| REDMOND, Wash., and VERONA, Wis. — April 17, 2023— Microsoft Corp. and Epic on Monday announced they are expanding their long-standing strategic collaboration to develop and integrate generative AI into healthcare by combining the scale and power of Azure OpenAI Service1 with Epic’s industry-leading electronic health record (EHR) software. The collaboration expands the long-standing partnership, which includes enabling organizations to run Epic environments on the Microsoft Azure cloud platform. Read more... |
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| TAG Ltd Catering & Support Services signs agreement with Kuwait Petroleum Corporation |
| TAG Ltd Catering & Support Services is proud to announce the new agreement signed with Kuwait Petroleum Corporation to offer Buffets & Functions to all their events at their HQ in Kuwait. TAG Ltd offers Catering & Support Services throughout the State of Kuwait including but not limited to Catering, Event Management, Banqueting, FM Services, Onshore/Offshore Catering services & Laundry Facilities. Read more... |
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| Raytheon Technologies awarded $237 million counter-UAS contract |
| TUCSON, Ariz., April 19, 2023 /PRNewswire/ -- Raytheon Technologies (NYSE: RTX) was awarded a $237 million U.S. Army contract for Ku-band Radio Frequency Sensors (KuRFS) and Coyote® effectors to detect and defeat unmanned aircraft. The contract includes a combination of fixed-site and mobile systems as well as a quantity of effectors, designated to support the Army's U.S Central Command operations.Read more... |
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| NCD Academy Launches New Health Equity and Social Determinants of Health Course |
| PITTSBURGH and WASHINGTON, April 6, 2023 /PRNewswire/ -- Viatris Inc. (NASDAQ: VTRS), a global healthcare company, and the American College of Cardiology (ACC) today released the latest NCD Academy course, Health Equity and Social Determinants of Health in NCDs, coinciding with World Health Day and the theme "Health for All." The NCD Academy is a user-friendly, interactive online platform developed by the ACC in partnership with the NCD Alliance and the World Heart Federation and sponsored by Viatris. Read more... |
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| Zain Alshuhoor campaign brought joy in Holy Month |
| Zain, Kuwait’s leading digital service provider, successfully concluded its annual social campaign for the Holy Month of Ramadan, Zain Alshuhoor. The month-long program saw the company join the Kuwaiti community in sharing the blessings of the Holy Month with a plethora of social and humanitarian contributions.Read more... |
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| Arizona Commerce Authority Opportunities |
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| Arizona Commerce Authority - Opportunities and Tenders |
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NEW FUNDING OPPORTUNITIES FOR TBED
DEPARTMENT OF AGRICULTURE 1890 Facilities Grants Program The National Institute of Food and Agriculture seeks to make awards for the acquisition and improvement of food, agricultural, natural resource, and human (FANH) science facilities and equipment so that 1890 land-grant institutions may participate fully in the research, extension, and education enterprises of the higher education system. Applicants should request funding for a Five-Year Plan of Work and must submit a separate budget for each of the five years as well as a cumulative budget. Awards: 19 awards are expected. The total funding pool is approximately $20,619,522. Eligibility: 1890 Land-Grant Institutions. Deadline: 05/24/2023 Awards ID(s): USDA-NIFA-EF47-009769 Links:
NASA NASA Innovation Corps NASA is seeking to provide support for participation in the National Science Foundation (NSF) Innovation Corps Program to train faculty, students in higher education, post-docs, and other researchers in innovation and entrepreneurship skills. The pilot employs education through courses to guide teams in the process of developing a business model while supporting teams as they explore the commercial potential of their research. Eligibility: Non-profit research institutions and Institutions of Higher Education Deadline: 03/29/2024 Awards ID(s): NNH23ZDA001N-ICOR Links:
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Kuwait’s central bank crafts sustainable development strategy April 3, 2023 - Kuwait: Basel A Al-Haroon, governor of the Central Bank of Kuwait, talks to John Everington about the impact of slowing economic growth on the local banking sector, CBDCs, and other digital initiatives, and the country’s nascent green finance initiatives.
A: The CBK continues to formulate its strategy for 2023-24, which aims to support the drivers of sustainable economic development through conducting appropriate monetary and credit policies to promote investment, as well as achieve economic and social advancement. Read more... |
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Real estate prices in Kuwait continue to ‘decline’ at a slow pace
April 6, 2023- Kuwait: The private housing sector is still witnessing stagnation, as evident in the continuation of the decline in residential real estate prices in some areas during the first quarter of 2023, reports Al-Qabas Daily. The global economic crisis, increasing interest rates, and other factors played a major role in the decline of real estate prices, which reached unprecedented levels in previous years. Read more... |
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Education Ministry studies measures to prevent cheating in exam
April 6, 2023 - Kuwait: KUWAIT CITY, April 6: While the competent authorities in the ministries of Interior and Justice are still dealing with the high school exams leakage and cheating cases, the concerned authorities in the Ministry of Education are coordinating with the Supreme Committee for Examinations, which Minister of Education Dr. Hamad Al-Adwani formed to lay down a vision to stop cheating in exams, reports Al-Jarida daily quoting sources.Read more... |
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Fedha, Kuwait News’ AI news presenter ‘represents everyone' April 9, 2023 - Kuwait: A Kuwaiti media outlet has unveiled a virtual news presenter generated using artificial intelligence, with plans for it to read online bulletins. “Fedha” appeared on the Twitter account of the Kuwait News website on Saturday as an image of a woman, her light-colored hair uncovered, wearing a black jacket and white T-shirt.
“I’m Fedha, the first presenter in Kuwait who works with artificial intelligence at Kuwait News. What kind of news do you prefer? Let’s hear your opinions,” she said in classical Arabic. Read more... |
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Kuwait PM appoints finance minister in cabinet reshuffle April 9, 2023 - Kuwait: (Reuters) - Kuwait's Prime Minister Sheikh Ahmad Nawaf al-Sabah has appointed a new finance minister as part of a cabinet reshuffle that left other major roles unchanged, state news agency KUNA reported on Sunday.Read more... |
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Kuwait plans the world’s tallest tower ‘Burj Mubarak’ in an oil diversification push
April 10, 2023 - Kuwait: Kuwait hopes to diversify its economy by reducing its reliance on oil and expanding its private sector through significant investments across different sectors. The oil-rich nation will soon be home to the “world’s tallest tower” – the Burj Mubarak. Read more... |
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7 Kuwait banks on Forbes list of fifty largest banks in the Middle East
April 10, 2023 - Kuwait: Seven Kuwaiti banks made the “Forbes Middle East” list of the 50 largest banks in terms of market value for the year 2023, with a total market value of $76.2 billion, according to the closings of last February 28, which constituted about 13.9 percent of the total value of the 50 banks within the list which totals $48.1 billion, reports Al-Rai daily. Kuwait Finance House” ranked fifth on the list, with a market value of $37.5 billion, followed by the National Bank of Kuwait sixth, with $26.3 billion, then the Commercial Bank of Kuwait in 33rd place with a market value of $3.3 billion. Read more... |
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AI: A bane and boon for art, science fields April 11, 203 - Kuwait: Artificial intelligence (AI) is becoming part of our lives although humanity might not be prepared for it. Despite how useful it can be, many people are still concerned about how quickly it’s infiltrating humans’ lives, jobs, and security. To shed light on people’s thoughts regarding AI’s impact on people’s role in both art and science fields, Kuwait Times interviewed Senior Content Editor Zainab Patwa, and Fatmah Taqi, a pharmacy student. Read more... |
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Kuwait Oil Company awards $76 million oil flow lines contract
April 11, 2023 - Kuwait: Kuwaiti entityhas announced in a statement that it has secured a five-year contract worth $76.5 million for an oil flow lines project issued from Kuwait Oil Company.
The company states that the works include the construction of flow lines and associated works in Umm Niqa And South Ratqa in Kuwait. Read more... |
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Kuwait ninth largest oil producer in the world April 13, 2023 - Kuwait: Yahoo Finance stated that Kuwait ranked ninth among the world’s largest oil producers in 2022, with an average production of 2.7 million barrels per day, adding that there are indications of a significant increase in Kuwait’s oil production in the aforementioned year compared to its counterpart in the previous year, while KPC plans to increase its daily production to 3.5 million barrels by 2025, reports Al-Jarida daily. Read more... |
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Entrepreneurship programs have a significant impact on the future April 14, 2024 - Kuwait: Although schools may be the fundamental base of individuals’ preparedness for adulthood and success in the future, there remain some crucial points that are missing from the educational curriculum. In Kuwait, economics and finances are an example of important fields that students need to understand in order to develop money management and entrepreneurship skills. Read more... |
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MOH Introduces Online Booking for Visiting Doctors via Official Website
April 15, 2023 - Kuwait: KUWAIT CITY, The Ministry of Health has announced that patients can now schedule appointments with visiting doctors through their official website or the “Kuwait Health Q8” application. This is part of the Ministry’s continuous effort to automate its services and improve patient convenience.Read more... |
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Kuwait to auction airport cargo village April 25, 2023-Kuwait: Kuwait intends to invite foreign companies in an international auction to build and operate a cargo village it is planning to construct near its airport, a newspaper in the Gulf OPEC producer reported on Tuesday. Read more... |
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Kuwait growth likely to tank in ’23 April 27, 2023 - Kuwait: The economic growth is declining in Kuwait this year at a much greater rate, to 1.5%, and that growth is also expected to slow in Qatar and Bahrain, to 2.7%, and the economy of the Sultanate of Oman will grow by 2.6% in 2023, reports Al-Qabas daily quoting Reuters survey.
However, inflation estimates for the Gulf countries were lower than their counterparts for many major economies.Read more... |
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U.S. Army Awards Multiple-Year $439M JAGM, HELLFIRE Production Contract
April 3, 2023 - Lockheed Martin - The U.S. Army awarded Lockheed Martin a multiple-year production contract for Joint-Air-to-Ground Missiles (JAGM) and HELLFIRE missiles with a Program Year 1 (PY1) award total value of $439 million. This contract will provide JAGM and HELLFIRE procurement and production support for the U.S. Army and international customers. Because it’s a multiple-year award, the contract offers three additional follow-on awards starting in late 2023, allowing for a total contract value of up to $4.5 billion over the next four years. Read more... |
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The Commerce Department has requested public comment on AI accountability measures to ensure privacy and transparency
April 11, 2023 - The U.S. government is taking its first tentative steps toward establishing rules for artificial intelligence tools, as the frenzy over generative AI and chatbots reaches a fever pitch. The U.S. Commerce Department on Tuesday announced it is officially requesting public comment on how to create accountability measures for AI, seeking help on how to advise U.S. policymakers to approach the technology. Read more... |
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The U.S. Department of State and the United States Agency for International Development (USAID) Launch a Call for Concept Proposals for the Blended Finance for the Energy Transition Program
April 13, 2023 - The Department of State, in partnership with USAID, has launched the Blended Finance for the Energy Transition (BFET) program by issuing an initial request for concept proposals for private sector-led blended finance structures. Reducing greenhouse gas emissions while addressing growing energy demand in emerging markets and developing economies will require massive investment (the International Energy Agency estimates over $2 trillion annually by 2030). In this context, unlocking capital from institutional investors will be key to achieving the scale of finance necessary to fund the energy transition. Read more... |
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Official Describes Steps DOD Taking for Energy, Environmental Resilience
April 17, 2023 - Brendan Owens, assistant secretary of defense for energy, installations, and environment, spoke today at an Earth Day event at the Pentagon. The department's primary mission is to maintain a robust military force capable of deterring conflict while ensuring the nation's security, said Owens. To effectively carry out this mission, the department must have access to essential resources like energy, land, air, and water, he said. Read more... |
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USDA Invests Over $46M in Sustainable Agriculture Research and Education
April 19, 2023 - The U.S. Department of Agriculture (USDA) announced today an investment of more than $46 million in the Sustainable Agriculture Research and Education (SARE) program, which has funded farmer-driven grants and grassroots education programs resulting in climate-smart solutions for farms and ranches in every state and island protectorate since 1988. Read more... |
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U.S. FDA makes EUA changes to Pfizer-BioNTech and Moderna Covid-19 vaccines
April 19, 2023 - The U.S. Food and Drug Administration (FDA) has made changes to the emergency use authorizations (EUAs) of the Pfizer-BioNTech and Moderna bivalent mRNA Covid-19 vaccines. The latest amendment aims to simplify the vaccination schedule for most people. The changes mean that the current bivalent vaccines for the original and Omicron BA.4/BA.5 strains can now be utilized for all doses administered to those aged six months and above. Read more... |
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Note that non-related CVs will not be considered. This job is for local hires only*
Please submit your CV at communications@amchamkuwait.org |
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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
For questions, please reach communications@amchamkuwait.org |
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