News Summary and Updates

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Dear Subscriber, 
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Newest Corporate Member
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Tapestry Solutions- a division of , provides information management software and services for defense, government, and commercial customers. Leveraging three decades of experience, we help solve logistics problems for the world’s largest and most complex supply chains. We also provide training, simulation, and technical support to maximize mission readiness for U.S. and allied forces.

Industry: Transportation, Logistics, Supply Chain, and Storage
 
Committee and Focus Group Chairs
Committees 

  1. Membership Committee – Chair: Rt. Brig. Gen. Musaed Al Hawli, Vice Chair: Alaeddine Karim
  2. Programs and Events Committee – Chair: Chester Bryniarski, Vice Chair: Omar Amireh
  3. Policy & Strategic Planning Committee – Chair: Dr. Arezou Harraf, Vice Chair: Amit Arora
  4. Nominating and Elections Committee – Chair: Rashed Al Munae 
(Note that Committees are only available to Board Members of AmCham Kuwait)

Note for AmCham Members: Feel free to contact members of the Board of Directors or AmCham staff members if you would like to join one or more of the below Focus Groups.


Focus Groups

1. Banking & Finance (BF) – Chair: Ammar Boumijdad, Mashreq Kuwait
2. Defense, Safety & Security (DSS) – Chair: Tom Deren, Venice
3. Disabilities - Chair: Omar Ben Naji, Everyware Pro (Board Member)
4. Education – Chair: Sam Jauhari, GFT (Board Member)
5. Energy – Chair: Fred Shuaibi, KNDR  (Honorary Board Member)
6. Food & Beverage / Fast Moving Consumer Goods (F&B/FMCG) – Chair: Talal Al Wazzan, Individual Member
7. Healthcare – Chair: Tamer El-Sallab, Viatris  (Board Member)
8. Hospitality, Travel & Tourism (HTT) – Chair: Mohamed Najia, Individual Member
9. Human Resources (HR) – Chair: Mohammad Abu Al-Rob, Procapita
10. IT/Cyber-Security – Chair: Alaeddine Karim, Microsoft  (Board Member)
11. Knowledge Economy – Co-Chairs: Omar Ben Naji, Dana Winner (Individual Member)
12. Legal – Chair: Omar Handoush, Al Tamimi & Company
13. Logistics – Chair: Pete Swift, Individual Member  (Board Member)
14. Women in Business (WIB) – Chair: Dr. Arezou Harraf, Learn & Evolve  (Board Member)

 (Note that non-Board Member Focus Group Chairs do not officially represent AmCham Kuwait, and will not approach entities on their own)
 
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26
Jul
Inter-Council Summer Dinner
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Click to Register
 
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June 4 , Generative Artificial Intelligence – The Legal Issues Unpacked
June 4 , Generative Artificial Intelligence – The Legal Issues Unpacked
As generative artificial intelligence (AI) systems become increasingly prevalent in our daily lives and workplaces, many legal issues have emerged.

The event which was organized in partnership with Al Tamimi & Company, The German Business Council, Mashreq Kuwait, with the support of the World Bank enabled conversations on the current legal frameworks of AI in the GCC, the regulations on said systems, and the potential implications of the usage of AI in the financial services industry.

David Yates, Head of Digital and Data at Al-Tamimi & Company, said that one of the first issues that came to mind regarding the usage of AI was the terms and policies of popular systems such as ChatGPT. Companies that provide AI services and platforms must ensure that users understood the terms and conditions governing the usage of these tools, as well as their data privacy policies. This is especially important because AI systems collect vast amounts of personal and sensitive data, which creates significant legal challenges that have to be addressed...
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June 7, ABCK - AmCham Kuwait hosts its 3rd Diversity & Inclusion Diwaniya on laws & company policies
June 7, ABCK - AmCham Kuwait hosts its 3rd Diversity & Inclusion Diwaniya on laws & company policies
The ABCK – AmCham Kuwait’s Women in Business Focus Group in its ongoing commitment to promoting diversity and inclusivity in the workplace, successfully hosted its third Diwaniya on Laws & Company Policies that affect women in the workforce; sponsored and hosted by the Four Seasons Hotel. The event started with opening remarks by ABCK-AmCham Kuwait’s Women in Business Focus Group’s Chair - Dr. Arezou Harraf, who welcomed male and female key decision makers and participants, as she gave a warm welcome to the key speakers who delved into the laws and policies within companies, shedding light on their impact on women and the challenges they face in various aspects of their professional journey...
Read More
June 8, AmCham Kuwait Holds its Annual Board of Directors Elections for 2023
June 8, AmCham Kuwait Holds its Annual Board of Directors Elections for 2023
ABCK AmCham Kuwait held its Annual Board of Directors Election Night, at
Waldorf Astoria Hotel, in attendance of 100 AmCham Kuwait Members and Embassy
representatives. The election process, which took place in accordance with the association &
bylaws resulted in the appointment of a new set of directors who will oversee the strategy
and ways forward for the Chamber.
The election process was conducted in a fair, transparent, and democratic manner to ensure
that all members had an equal opportunity to participate and vote. The newly elected board
members will work closely with the existing team to implement the strategic vision and
operational plans of AmCham Kuwait, and to promote trade and investment between the
United States and Kuwait...
Read More
June 15, AmCham Kuwait and GIG Organize Blood Drive in honor of World Blood Donor Day
June 15, AmCham Kuwait and GIG Organize Blood Drive in honor of World Blood Donor Day
AmCham Kuwait together in partnership with GIG organized a blood drive with its members to honor World Blood Donor's Day. The blood drive was supported by several AmCham Members and non-members including teams from BRINKS, Kuwait Resources House, Towell Holding Group, METCO, Al Bustan Khaleeji, BIG Holding, Al Mulla Security Services, Learn & Evolve, GIG, Prime One Group and others. We thank each and every blood donor for coming to support this! With just 1 pint, you can save up to 3 lives. Happy World Blood Donor Day...
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June 19, Consulenza Global Signs Partnership with AmCham Kuwait
June 19, Consulenza Global Signs Partnership with AmCham Kuwait
Consulenza Global and AmCham held a meeting to discuss collaborations and partnerships between both entities, as the Consulenza Global leadership congratulated AmCham Kuwait on their newly elected board members!
Read More
June 23, AmCham Kuwait Hosts Annual 4th of July Celebration
June 23, AmCham Kuwait Hosts Annual 4th of July Celebration
ABCK-AmCham Kuwait hosted its annual 4th of July celebration, in honor of the United States’ Independence Day. The first part of the celebration took place on June 23rd at Hilton Kuwait Resort and offered an evening of patriotic festivities, entertainment, and networking opportunities, bringing together the American servicemembers and the local community.
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June 25, AmCham Kuwait and the USO Host 4th of July Outing for the US Military
June 25, AmCham Kuwait and the USO Host  4th of July Outing for the US Military
ABCK-AmCham Kuwait in collaboration with the USO and the support of the U.S. Embassy hosted a 4th of July outing with the US military at Venue 56. We hope that attendees had a great time, and look forward to the next one!
Read More
 
AmCham Kuwait Member News
 
Al Ahli Bank of Kuwait Offers the Best and Most Secure Services to Individuals with Special Needs
Al Ahli Bank of Kuwait Offers the Best and Most Secure Services to Individuals with Special Needs
Al Ahli Bank of Kuwait (ABK) continues to prioritize the provision of superior and secure customized services for individuals with special needs as part of its active involvement in the third consecutive year of the Central Bank of Kuwait and Kuwait Banking Association’s ‘Let’s Be Aware’ Diraya banking awareness campaign.

The Bank recently reaffirmed its dedication to delivering unfaltering support for customers with special needs to facilitate their banking transactions at any ABK branch. These efforts are aligned with ABK’s unwavering pledge to provide banking services to all customer segments in the community and its eagerness to achieve financial inclusion.
The Power of Artificial Intelligence: Shaping the Future
The Power of Artificial Intelligence: Shaping the Future
At AIU, the pursuit of knowledge converges with the limitless potential of artificial intelligence. Our university urges students to unravel the mysteries of AI, unlocking groundbreaking innovations and shaping the future. Read on as we explore the various ways AI is just beginning to be used to enhance our lives, from residential use to medical applications.

Artificial Intelligence (AI) has emerged as a transformative technology, revolutionizing various industries, and impacting our daily lives in profound ways. From autonomous vehicles and virtual assistants to personalized recommendations and advanced healthcare systems, AI has become a driving force behind innovation and progress.Read more...
AUK Hosts 19th Annual Awards Night
AUK Hosts 19th Annual Awards Night
AUK hosted its 19th Annual Awards Night. The event was organized by the Office of Student Life, Division of Student Affairs, for the AUK community to recognize and celebrate students and honor their outstanding achievements and contributions in various aspects of campus life.
The awards ceremony began by announcing winners in different categories. Charitable Club received the esteemed Club of the Year award for their dedication to philanthropic endeavors and positive impact on the local community. Lea Abi Abdulla was honored with the Exceptional Club Member award for her dedication and commitment to her club. Read more...
Central Bank of Kuwait’s Overhaul of e-Payment Regulations
Central Bank of Kuwait’s Overhaul of e-Payment Regulations
In keeping up with the rapidly evolving Fintech landscape, the Central Bank of Kuwait has recently overhauled its regulations in connection with electronic payment, settlement, and storage of funds, the operating of systems associated therewith, and Buy Now Pay Later services pursuant to Resolution No. 45/471/2023, which repeals the previous regulations under Resolution No. 44/430 of 2018. Read more...
Cadillac Introduces the 2024 Cadillac XT4
Cadillac Introduces the 2024 Cadillac XT4
Cadillac is excited to introduce the 2024 Cadillac XT4. The Cadillac XT4 is a compact SUV that offers the utility of an SUV without the bulk. The XT4 is packed with features that will make life easier and more enjoyable.

The XT4 has a 2.0L turbocharged engine that provides plenty of power without sacrificing fuel economy. The XT4 also comes standard with all-wheel drive to take on any terrain with confidence.Read more...
Cisco boosts network assurance and observability with Accedian acquisition
Cisco boosts network assurance and observability with Accedian acquisition
Cisco is acquiring Accedian in a move to boost the 5G network assurance and observability capabilities of its Networking Cloud efforts.

Kevin Wollenweber, SVP and GM for data center and provider connectivity at Cisco noted in a blog post that the acquisition will allow Cisco to link Accedian’s network performance and user experience monitoring services into Cisco’s ThousandEyes network assurance platform. This is targeted at helping service providers better manage latency-dependent services running across 5G networks.Read more...
World Environment Day with EQUATE Group
World Environment Day with EQUATE Group
EQUATE Group proudly participated together with Omniya in celebrating World Environment Day 2023 hosted by Kuwait EPA in collaboration with the United Nations Program - West Asia. See more...
GAC offers a comprehensive range of shipping and logistics services
GAC offers a comprehensive range of shipping and logistics services
Gulf Agency Company (GAC) is a global provider of integrated shipping, logistics, and marine services with a rich history dating back to its establishment in 1956. Founded by the late Swedish entrepreneur Bengt Lindwall, GAC started its operations in Kuwait, initially focusing on ship agency services. Over the years, the company expanded its portfolio and geographical presence, emerging as one of the leading industry players.Read more...
Kuwait Olympic Committee Renews Health Insurance Agreement with Gulf Insurance Group
Kuwait Olympic Committee Renews Health Insurance Agreement with Gulf Insurance Group
KUWAIT CITY, June 19: The Kuwait Olympic Committee has announced the renewal of its agreement with the Gulf Insurance Group to provide health insurance services for distinguished athletes. The partnership aims to allow Kuwaiti athletes to benefit from medical services provided by the group. During a press conference, Muhammad Jaafar, Vice President of the Olympic Committee, expressed appreciation for the efforts that led to this achievement and expressed hope for more success and achievements in regional and international championships. Fatima Hayat, a member of the Board of Directors of the Kuwait Football Association, commended the Kuwait Olympic Committee for their tireless efforts in providing comfort and support to Kuwaiti athletes. Read more...
Honeywell bringing heads-up displays to aircraft cockpits through acquisition of Saab Technology
Honeywell bringing heads-up displays to aircraft cockpits through acquisition of Saab Technology
As part of the acquisition agreement, Saab will partner with Honeywell to develop and strengthen its HUD product line. HUDs give pilots increased situational awareness, especially at night or in difficult weather conditions. Passengers will also enjoy safer and more fuel-efficient flights, while more often reaching their destinations on time. The addition of the HUD assets will further strengthen Honeywell's comprehensive end-to-end avionics and safety offerings. Importantly, the HUDs will be integrated into Honeywell Anthem, a new revolutionary integrated flight deck with an intuitive user interface and highly scalable design, which will also feature state-of-the art characteristics such as wide field-of-view, high image resolution, low system latency and lower weight. Read more...
Lockheed Martin State Department Clears $1.8B Follow-On Kuwait F/A-18 Tech Support Request$7.8bn contract for F-35 production and delivery
Lockheed Martin State Department Clears $1.8B Follow-On Kuwait F/A-18 Tech Support Request$7.8bn contract for F-35 production and delivery
The State Department has approved Kuwait’s request to continue its purchase of engineering technical and maintenance support services for C, D, E and F variants of the F/A-18 fighter aircraft from the U.S. government under a potential $1.8 billion foreign military sales agreement.
Sigmatech, Kay and Associates, KBR (NYSE: KBR), L3Harris Technologies (NYSE: LHX), Boeing (NYSE: BA), General Electric, (NYSE: GE), Industrial Financial Services and Lockheed Martin (NYSE: LMT) will serve as principal contractors in the FMS deal, which includes F/A-18 avionics software upgrades, ground support equipment and F404/F414 engine and engine test cell support, the Defense Security Cooperation Agency said Tuesday. Read more...
Seafuture 2023: L3Harris unveils Hunterwater minesweeping system and its USV
Seafuture 2023: L3Harris unveils Hunterwater minesweeping system and its USV
HUNTERWATER™ is a cutting-edge system designed for unmanned minehunting. Developed by L3Harris, it represents a significant advancement in mine countermeasures (MCM) by providing an all-in-one search, identification, and automatic neutralization solution for underwater mine threats. The system's primary components include a remotely operated vehicle and side scan sonar module (ROVSCAN) and a disposable compact acoustic guided vehicle (VGA).
Training program, delivered in collaboration with Rentokil Boecker
Training program, delivered in collaboration with Rentokil Boecker
The training program, delivered in collaboration with Rentokil Boecker, renowned for its expertise in food safety and hygiene, equipped Eko Hotels’ food handlers with the necessary skills and knowledge to prevent foodborne illnesses, identify potential hazards and implement effective control measures.

The hotel ensures that all relevant staff members who come into contact with food or food equipment undergo rigorous training and certification by globally recognized trainers, including Rentokil Boecker. Read more...
Zain partnered with Arab Media Forum to promote media excellence
Zain partnered with Arab Media Forum to promote media excellence
KUWAIT: Zain Kuwait recently hosted an insightful talk with Gartner, the global research and consulting firm, to discuss the future of open banking and the role of technology and digital transformation applications in developing the banking sector. During the session, Zain executives explored the company’s most recent efforts in empowering banks and financial institutions to embrace digitalization in order to keep up with the accelerating changes in today’s markets. The session was held at the Zain Innovation Campus (ZINC) in the company’s headquarters in Shuwaikh and was attended by Zain Kuwait CEO, Eaman Al Roudhan and the company’s executive team. Read more...
 
Arizona Commerce Authority Opportunities
 
Arizona Commerce Authority - Opportunities and Tenders
Arizona Commerce Authority - Opportunities and Tenders
NEW FUNDING OPPORTUNITIES FOR TBED
DEPARTMENT OF COMMERCE

Regional Alliances and Multi-stakeholder Partnerships to Stimulate Cybersecurity Education and Workforce Development

The National Institute of Standards and Technology is seeking applications for activities to establish community-based partnerships to develop cybersecurity career pathways that address local workforce needs. Each application must include a plan to establish a multi-stakeholder education and workforce partnership that includes, at a minimum, one institution of higher education or nonprofit training organization, and one local employer or owner or operator of critical infrastructure or identify any such existing partnership.

Awards:
Up to 18 awards are expected of up to $200,000 per award.

Eligibility:
Unrestricted except for Federal entities.

Deadline:
08/07/2023

Awards ID(s):
2023-NIST-RAMPS-01

Links:
NEW FEDERAL R&D FUNDING OPPORTUNITIES... Read more
 
Kuwait Business News
 
Kuwait's MoI: Biometrics sets databank for individuals aged 18 and above
Kuwait's MoI: Biometrics sets databank for individuals aged 18 and above
June 1, 2023 - Kuwait: The biometrics scanning in Kuwait will help set databank for all individuals living in the country aged 18 and above, said an Interior Ministry official on Wednesday.
A press statement by the ministry's Public Relations and Security Media Department indicated that Interior Ministry Undersecretary Lieut-General Anwar Al-Barjas after his tour of biometric centers that the ministry would do its best to facilitate the process of registering biometric data of citizens and residents alike.Read more...
Kuwait to award 22 oil projects
Kuwait to award 22 oil projects
June 1, 2023 - Kuwait:State-owned Kuwait Oil Company (KOC) intends to award 22 projects to local and foreign firms in the next few months, a newspaper reported on Thursday.
KOC, which manages the OPEC member’s upstream oil industry, will gradually award those contracts after they are approved by the Central Agency for Public Tenders, the Arabic language daily Alanba said, quoting KOC sources.Read more...
Kuwaiti gov’t highlights youth, workforce, cultural projects during weekly meeting
Kuwaiti gov’t highlights youth, workforce, cultural projects during weekly meeting
June 5, 2023-Kuwait: The Kuwaiti cabinet focused during its weekly meeting, Monday, on a number of topics pertaining to projects connected with youth development, the workforce, and boosting cultural activities.
During the meeting, Minister of Information and Minister of State for Youth Affairs Abdulrahman Al-Mutairi briefed the meeting on projects aimed at cultivating the youths’ talents.
The minister touched on the establishment of a business pioneering technical complex in Kuwait as well as promoting projects to employ youth during the summer and encouraging the youth’s artistic tendencies via graffiti wall projects to beautify public places. Read more...
Kuwait announces major new visa
Kuwait announces major new visa
11 June, 2023 - Kuwait: Kuwait has introduced a new type of visa, according to local media reports.
Sheikh Talal Al-Khaled Al-Sabah, Deputy Prime Minister, Interior Minister and Acting Defence Minister issued a decree to introduce the latest visa, said a report in Al Rai.
The new visa is designed to give entry permission to the country for sports, culture and social activities. Read more...
Electricity ministry to issue decision regulating renewable energy sector
Electricity ministry to issue decision regulating renewable energy sector
June 11, 2023 - Kuwait: Minister of Electricity, Water and Renewable Energy Mutlaq Al-Otaibi said on Saturday that the ministry will make a decision regulating the renewable energy sector “within the next few days”. The decision is expected to allow “purchasing renewable energy from third parties,” said Otaibi in a statement Saturday. It will include “all sectors in Kuwait”, except for the government and industrial sectors, which the minister said will be considered at a later time.Read more...
Kuwait launches new online system to track violations
Kuwait launches new online system to track violations
June 13, 2023 - Kuwait: Kuwait Municipality has introduced a new mobile application called e-Baladia, to simplify the process of reporting violations.

Through the app, users can easily document and report violations with just a few taps on their phones.

To begin, individuals need to register on the app using Kuwait Mobile ID app authentication. Read more...
Kuwait's Al Zour issues fuel oil sales tender for July-December
Kuwait's Al Zour issues fuel oil sales tender for July-December
June 15, 2023 - Kuwait: Kuwait's Al Zour refinery has issued a term tender for fuel oil sales for July to December loading, trade sources said on Thursday, a move that comes while it continues to ramp up its third crude distillation unit (CDU).
Al Zour's low-sulfur fuel oil (LSFO) tenders are closely watched by market participants as the refinery is set to be a major global LSFO exporter once it ramps up fully, and its export volumes affect market sentiment in Asia.
The refinery has offered LSFO with a maximum sulfur content of 0.5% for the second half of 2023, in a term tender that closes on June 19, sources said.Read more...
Kuwait offers more gasoline for export
Kuwait offers more gasoline for export
16 June 2023 - Kuwait: Kuwait offered significantly more gasoline for export last month, with state-owned oil firm KPC issuing three spot tenders for a total of 93,000t to load in May.

The company followed it up by recently selling a 35,000t gasoline cargo for loading in June and has issued a tender to sell another 35,000t in July. Prior to the surge in May loadings, KPC issued spot tenders for one gasoline cargo to load in each of February, March and April and three cargoes to load in August last year.Read more...
Kuwait Oil Company to invest $43 billion on new oil projects, CEO says
Kuwait Oil Company to invest $43 billion on new oil projects, CEO says
June 19, 2023 - Kuwait: State-owned Kuwait Oil Co (KOC) is planning to pump nearly $43 billion into new oil projects in the next five years to expand production by nearly 200,000 barrels per day, Zawya Projects reported, citing its CEO Ahmed Jaber al-Aydan.

Al-Aydan, who assumed his position as KOC’s CEO in November last year, said the crude oil production capacity of the OPEC member currently stands at around 2.8 million bpd and is expected to reach 3 million bpd after 2025.Read more...
CBK: Kuwait money supply up 0.3% to $126.8bln
CBK: Kuwait money supply up 0.3% to $126.8bln
June 23, 2023 - Kuwait: Central Bank of Kuwait (CBK) announced Thursday that the broad money supply (M2) went up by 0.3 percent last May to settle at KD 39.6 billion (around USD 130.6 billion).
Local banks' private sector deposits increased by 0.6 percent to settle at KD 36.2 billion (around USD 119.4 billion), said the CBK's economic research department in a release to KUNA, including statistical tables.

Private sector deposits in foreign currency dropped by 2.8 percent to reach KD 1.7 billion (around USD 5.5 billion), while total local banks claims on the CBK represented by CBK bonds rose by 6.2 percent, settling at KD 3.4 billion (around USD 11.2 billion). Read more...
Municipality asked to approve final Wafra Economic Zone detailed plan
Municipality asked to approve final Wafra Economic Zone detailed plan
June 26, 2023 - Kuwait: The Kuwait Direct Investment Promotion Authority (KDIPA) called on the Kuwait Municipality to approve the final detailed structural plan for the economic zone in Wafra, provided that the connecting land is located on the Nuwaiseeb and Sulaibiya road, and the building system for storage and planned use is approved, reports Al- Qabas daily. The structural plan of the economic zone shows that its establishment was based on Kuwait’s desire to diversify the economy away from oil by attracting more investments.Read more...
 
U.S. /Kuwait Business News
 
Kuwait-US boost cooperation to enhance cybersecurity
Kuwait-US boost cooperation to enhance cybersecurity
June 4, 2023-Kuwait: Following his recent meeting with the Head of the National Center for Cybersecurity Major General Eng. Mohamed Bouarki and their discussion regarding ways to enhance joint cooperation in the field of cybersecurity in the future, the Charge d’Affaires of the U.S. Embassy in Kuwait James Holtsnider said, “The United States and Kuwait are strategic allies that enjoy close cooperation in many areas”, reports Aljarida daily. He affirmed that the US embassy in Kuwait is looking forward to linking American cybersecurity experts with the National Center for Cybersecurity in Kuwait to create a strong foundation for future cooperation.Read more...
US approves $1.8bn follow-on technical support sale to Kuwait
US approves $1.8bn follow-on technical support sale to Kuwait
June 14, 2023 - The United States Department of State has given the green light to a potential military sale worth $1.8bn to the Government of Kuwait.

The deal, if finalized, will enable Kuwait to strengthen its armed forces by acquiring continuation of contractor engineering technical services and maintenance support. The proposed sale aims to strengthen regional security and support Kuwait’s position as a critical player in the Middle East.Read more...
 
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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