It's National Human Trafficking Prevention Month. AmCham Kuwait encourages companies to take steps to prevent human trafficking in their supply chains. Check out Verité’s interactive Responsible Sourcing Tool and learn more about risk indicators for forced labor by commodity and country:

The concept of sector-based speed networking brings together all the benefits of face-to-face meetings, eliminating the need to commute. We encourage the energy industry (and complimentary sectors) to join AmCham MENA and the AmChams of the GCC for an Energy industry virtual speed networking event! Discover opportunities, exchange information, and build connections.

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Save the Date! On February 1st 9 business councils will come together for the ‘BF9 Summit 2023 - Industry Day’.

Click here to know more about the sponsorship and exhibitor booth opportunities.

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Dec 11 - As part of this collaboration, AmCham Kuwait scheduled a morning visit to BACCH with some of the Chairman's Club representatives from The Bridge Company and Lockheed Martin to provide gifts and toys for children who get treatment from BACCH and the children’s wards they assist. AmCham Kuwait was able to support this initiative through its Members and Friends who wished to bring holiday happiness to the kids. Read more...

Dec 15 - AmCham Kuwait held its Annual Christmas Dinner in December at the Crowne Plaza Al-Thuraya City as its final event of 2022.

AmCham Kuwait with the support of the US Embassy's OMC-K invited several US Military Servicemembers to spend this Christmas Dinner with us, along with AmCham Members and Friends.

We would like to thank our event sponsors for their crucial support: Platinum Sponsors and Chairman's Club: The Bridge Co. Gold Sponsor and Champions: Lockheed Martin. Read more...


ABK Continues to Spread Awareness across Kuwait, Targeting the Residents of Dahiyat Abdullah Al-Salem and Al Mansouriya

Al Ahli Bank of Kuwait (ABK) recently announced the establishment of its partnership with Dahiyat Abdullah Al-Salem and Al Mansouriya Co-operative Society for a joint campaign aimed at raising the financial awareness across various segments of the society. This initiative is part of the larger Diraya ‘Let’s Be Aware’ campaign being conducted by the Central Bank of Kuwait (CBK) and Kuwait Banking Association (KBA).

Since the launch of the campaign two years ago, ABK as part of Kuwait’s banking sector has worked hand-in hand with the co-operative society to fulfill its social responsibility, dedicating itself to the cause of furthering financial literacy across Kuwait. Read more...

AIU Recognized at the 2022 Ellucian Middle East User Conference

Enrollment leaders from American International University in Kuwait recently attended the 2022 Ellucian Middle East User Conference in Dubai, UAE. This conference, comprised of administrators from some of the most elite public and private universities in the MENA region, allows Ellucian customers to discuss leveraging their technology platforms to enhance access, student success, and the student experience. 

AIU was recognized as a leader in student services, winning the Ellucian Student Experience Award for its use of cutting-edge technological solutions to enhance the student experience. As an industry leader from its inception, AIU has operated Ellucian’s Banner Student Information System, the industry-leading ERP software in higher education. Read more...

Federal Corporate Tax Law is now published

The Ministry of Finance in the UAE has now published the much-awaited Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (CT Law). The issuance of the CT Law follows the Ministry’s announcement on the introduction of Federal corporate tax in the UAE earlier this year.

The Corporate Tax Law will apply to financial years commencing on or after 1 June 2023. Read more...

Boeing’s Spectrolab to Power Earth Surface Survey Mission

SYLMAR, Calif., Dec. 12, 2022— As the Surface Water and Ocean Topography (SWOT) mission begins its survey of the Earth’s surface this month, the satellite will get power from solar cells built by Spectrolab, Inc., a wholly owned subsidiary of Boeing [NYSE: BA].

The SWOT satellite, targeted to launch this month from Vandenberg Space Force Base in California, will conduct the first global survey of water on the Earth’s surface, observe the fine details of the ocean's surface topography, and measure how water bodies change over time. Read more...

Cigna Named Corporate Sustainability Leader by Dow Jones for Sixth Consecutive Year

BLOOMFIELD, Conn., Dec. 19, 2022 -- Cigna Corporation, a global health service company, has been named an industry leader in corporate sustainability for the sixth consecutive year on the Dow Jones Sustainability Indices

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 (DJSI), the most prestigious honor for corporate responsibility and sustainability performances. This honor also earns inclusion on both the Dow Jones Sustainability™ World Index (DJSI World) and the Dow Jones Sustainability North America Index (DJSI North America). Read more...

Dell Technologies Introduces More “World’s First’s” Collaboration Tools

Regardless of where you work, technology remains a staple in facilitating productive and collaborative employee experiences. At the center is the overarching PC experience driven largely by an entire ecosystem of devices bringing employees closer to their teams, customers and clients.

With more than 50% of employees surveyed rating monitors as the most important device to improve productivity across different workspaces in a recent Dell-Forrester study, our newest additions to the UltraSharp family promise to uplevel the performance and experience on which you’ve grown to depend. Read more...

Four Seasons celebrates the art of chocolate with launch of Kuwait’s first Chocolate Art Gallery

Kuwait City: Over one thousand lovers of chocolate in Kuwait had a unique opportunity to indulge their passion for cacao recently during their visit to Four Seasons Hotel Kuwait at Burj Alshaya and its landmark ‘Chocolate Art Gallery,’ the first of its kind in the country. The leading luxury destination’s Al Soor lobby lounge was transformed under the banner ‘Chocolate Art Gallery in a sweet celebration that showcased the inspired craftsmanship of the Hotel’s pastry chefs and culinary team. Read more...

Supporting the careful but consistent change towards renewable energy

The global shift away from fossil fuels is both simple and complex. Countries around the world are establishing a common goal of reducing carbon emissions and replacing fossil fuels with alternative energy, even as fossil fuel demand looks set to peak this decade and remain high after.

Interest in sustainable energy is reflected by ongoing investment in renewable infrastructure including offshore wind farms worldwide. Offshore wind not only produces energy at a cost that competes with existing fossil fuel technology, but also offers countries potential energy sovereignty. Read more...

Gulf Insurance Group wins prestigious awards

Kuwait City: Gulf Insurance Group, one of the leading insurance service providers in the Middle East and North Africa, announced that it has been awarded several international awards throughout the year 2022. The awards reflect GIG’s commitment and focus on its core values, building long lasting, premium quality and rewarding relationships that are based on mutual respect.

GIG was recognized with eight prestigious awards as follows:


General Dynamics Land Systems Delivers Advanced Reconnaissance Vehicle Prototype to U.S. Marine Corps

SYLMAR, Calif., Dec. 12, 2022— As the Surface Water and Ocean Topography (SWOT) mission begins its survey of the Earth’s surface this month, the satellite will get power from solar cells built by Spectrolab, Inc., a wholly owned subsidiary of Boeing [NYSE: BA].

The SWOT satellite, targeted to launch this month from Vandenberg Space Force Base in California, will conduct the first global survey of water on the Earth’s surface, observe the fine details of the ocean's surface topography, and measure how water bodies change over time. Read more...

Honeywell And Reuters Survey Reveals Dramatic Increase In Sustainability Initiatives In Buildings

ATLANTA, Dec. 7, 2022 /PRNewswire/ -- Greater energy efficiency, better indoor air quality (IAQ) and meeting environmental, social and governance (ESG) guidelines are three objectives currently prioritized by multinational organizations as they face increasing pressure to incorporate their building operations into their sustainability plans. These are among the key findings of a report released today by Honeywell (Nasdaq: HON) and Reuters. Read more...

Sharjah Roads & Transport Authority (SRTA) Honors 30 KGL Bus Drivers

Sharjah Roads & Transport Authority (SRTA) honored 30 bus drivers of KGL Passenger Transport Services Company, "Best Drivers of The Year"', during the Annual Honoring Ceremony of Drivers of the Year 2022 that took place at the Cultural Palace, Sharjah, UAE. Read more...

L3HARRIS to Acquire Aerojet Rocketdyne

MELBOURNE, Fla., and EL SEGUNDO, Calif. — L3Harris Technologies (NYSE: LHX) and Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) together announced the signing of a definitive agreement for L3Harris to acquire Aerojet Rocketdyne for $58 per share, in an all-cash transaction valued at $4.7 billion, inclusive of net debt.

This marks L3Harris’ second acquisition announcement of 2022, demonstrating its continued focus on delivering critical capabilities to warfighters while strengthening the nation’s defense industrial base through increased competition.

“We’ve heard the DoD leadership loud and clear: they want high-quality, innovative and cost-effective solutions to meet both current and emerging threats, and they’re relying upon a strong, competitive industrial base to deliver those solutions,” said Christopher E. Kubasik Read more...

Pentagon And Lockheed Martin Finalize Lot 15-17 Agreement, Capping A Year Of International Growth

ARLINGTON, Va., Dec. 30, 2022 /PRNewswire/ -- The F-35 Joint Program Office and Lockheed Martin have finalized the contract for the production and delivery for up to 398 F-35s for $30 billion, including U.S., international partners and Foreign Military Sales (FMS) aircraft in Lots 15 and 16, with the option for Lot 17.

"The F-35 delivers unsurpassed capability to our warfighters and operational commanders," said Air Force Lt. Gen. Mike Schmidt, program executive officer, F-35 Joint Program Office. "This contract strikes the right balance between what's best for the U.S. taxpayers, military services, allies and our foreign military sales customers. The F-35 is the world's premier multi-mission, 5th-generation weapon system, and the modernized Block 4 capabilities these new aircraft will bring to bear strengthens not just capability, but interoperability with our allies and partners across land, sea, air and cyber domains." Read more...

Microsoft and Viasat announce new partnership to deliver internet access to underserved communities globally

REDMOND, Wash. — Dec. 14, 2022 — On Wednesday, Microsoft Corp. (NASDAQ: MSFT) and Viasat (NASDAQ: VSAT) announced a new partnership to help deliver internet access to 10 million people around the globe, including 5 million across Africa. Viasat, a global communications company, is the first satellite partner to work with Microsoft’s Airband Initiative, and together they will deepen Airband’s work in the Democratic Republic of the Congo, Nigeria, Guatemala, Mexico, and the United States, as well as prioritize expanding the program to Egypt, Senegal and Angola to deliver much-needed internet connection, often for the first time. Read more...

NOV has signed contracts with CIMC Raffles to supply a GustoMSC™ NG-20000X self-propelled wind turbine installation jack-up vessel design for Havfram, an offshore wind services company based in Norway.

The NG-20000X-HF vessel will be among the largest wind installation jack-ups in the industry. It features a 3,250-ton heavy lift crane and can install foundations up to 3,000 tons and wind turbines with tip heights over 300 m in water depths up to 70 m. Its large carrying capacity will reduce the number of vessel trips required per development, thereby improving project economics and reducing carbon emissions per installed megawatt. Read more...

Raytheon Technologies Completes First Engine Run of Regional Hybrid-Electric Flight Demonstrator

ARLINGTON, Va., Dec. 20, 2022 /PRNewswire/ -- Raytheon Technologies (NYSE: RTX) announced today the successful first engine run of the company's regional hybrid-electric flight demonstrator, marking a key milestone towards flight testing, targeted to begin in 2024.

The propulsion system's initial run took place at Pratt & Whitney's innovation facility in Longueuil, Quebec and performed as expected. The system fully integrates a 1 MW electric motor developed by Collins Aerospace with a highly efficient Pratt & Whitney fuel-burning engine, specially adapted for hybrid-electric operation. This powerplant technology will enable more efficient engine performance during the different phases of flight, such as take-off, climb and cruise, reducing fuel burn and CO2 emissions by up to 30% compared to today's most advanced regional turboprop aircraft. Read more...

Zain showcases its environmental sustainability efforts

Zain, Kuwait’s leading digital service provider, sponsored the Kuwait Sustainability Conference held at Shaheed Park under the title Biodiversity to Build a Sustainable Future. The event was organized by the Kuwait Public Relations Association in partnership with the Environment Public Authority (EPA) and came under the patronage and attendance of Chairman and Director General of the EPA Sheikh Abdullah Ahmad Al Humoud Al Sabah.

Zain supported this initiative to encourage projects that aim at advocating environmental sustainability, a topic the company puts at the forefront of its priorities. Zain’s social message seeks to create a culture of sustainability within the community by enriching sustainable practices like reducing consumption, recycling, using renewable sources of energy, and more to contribute to reducing the effects of climate change. Read more...

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KU and KFAS collaborate to launch Kuwait’s first satellite into space

KUWAIT: Kuwait’s first satellite was successfully launched into space on Tuesday in what was hailed as a milestone effort in setting up the country’s space industry. “Kuwait Sat-1” was launched onboard the SpaceX Falcon 9 rocket from Cape Canaveral in Florida, in an endeavor undertaken by Kuwait University and funded by the Kuwait Foundation for the Advancement of Sciences. The launch was the culmination of diligent work over the course of the past three years, aiming to bring Kuwait’s space ambitions to fruition. Read more...

Team embarks on second sat project


KUWAIT CITY, Jan 4, (KUNA): Having launched the first Kuwaiti satellite (KuwaitSat-1) into space, the national team is not taking a break, already embarking on a second identical project, designing the second one, KuwaitSat-2. Meanwhile, His Highness the Amir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah sent a cable of congratulation to the Minister of Education and Minister of Higher Education and Scientific Research Dr. Abdulwahab Hamad Al-Adwani. In the cable, His Highness the Amir expressed his sincere congratulations on the occasion of launching the Kuwaiti satellite (KuwaitSat-1) into space, on Tuesday, from Cape Canaveral Air Force Base, Florida, USA.


Family visa call for some expats

KUWAIT CITY, Jan 4: MP Muhammad Hayef Al-Mutairi confirmed that the recent meeting of His Highness the Prime Minister Sheikh Ahmad Nawaf Al-Ahmad Al-Jaber Al-Sabah with the lawmakers yielded positive results, particularly in terms of strengthening cooperation between the executive and legislative authorities. He disclosed that they discussed a number of issues; such as the amnesty, writing off citizens’ loans, cancellation of interest on the loans of retirees, increasing the minimum pension of retirees, and opening the family visa application for expatriate medical professionals and teachers. Read more...

CBK: Six Kuwaiti banks join GCC cross-border payment system

KUWAIT: Six local banks have joined the GCC Cross-border Payment System (AFAQ) in the State of Kuwait, the Central Bank of Kuwait (CBK) announced on Monday. This came following its efforts to develop the cross-border payment systems and deploy advanced technologies with the aim to enhance efficiency, minimize reliance on the financial systems and external payment platforms and reduce cost, the CBK’s Governor Basel Al-Haroon said in a press statement.

The second phase included the joining of six Kuwaiti banks, namely National Bank of Kuwait, Kuwaiti Finance House, Ahli United Bank, Commercial Bank of Kuwait, Burgan Bank and Kuwait Industrial Bank, having completed all the required tests and procedures, he added.Read more...

Kuwait’s KPI, Oman’s OQ and Saudi SABIC ink project development deal

KUWAIT: Oman Oil Company (OQ), chemical manufacturing company (SABIC), and Kuwait Petroleum International (KPI), signed a project development deal for a jointly owned petrochemical complex in Omani special economic zone, Duqm.

The agreement aims to develop a petrochemical complex with a steam cracker, derivatives unit and a Natural Gas Liquids (NGL) extraction facility, as reported by a joint statement. Read more...

Kuwait second safest and most peaceful country in Arab world; Qatar no.1

KUWAIT CITY: The Global Peace Index ranks the safest and most peaceful countries in the world. This report is published annually by the Institute for Economics and Peace, which defines itself as “an independent, non-partisan, non-profit organization dedicated to shifting the world’s focus to peace as a positive, achievable and tangible measure of human well being and progress.” A total of 163 countries are featured in the GPI report. The report researches countries to determine which are the safest and which are the most dangerous. Read more...

Kuwait, GCC dairy firms seek hike in prices of products

KUWAIT: The Commerce and Industry Ministry has received memos from local and GCC dairy companies seeking to raise the prices of their products due to the spike in costs in accordance with neighboring countries.

“The first request was by a GCC country, but other regional companies soon followed, as the ministry is about to study these requests during this month. The ministry will review the requests to raise the prices of products as well as other requests including the ceiling put forth during the COVID pandemic in 2020,” sources revealed to Kuwait Times. Read more...

Ramadan in Kuwait on 23rd March, Eid on 21st April

KUWAIT CITY, Jan 3: Astronomer Adel Al-Marzouq stated that the holy month of Ramadan in Kuwait is expected to begin on March 23rd and Eid Al Fitr will be on April 21st. Ramadan will last for 29 days. Read more...

Bid to manage Kuwait airports

KUWAIT CITY, Jan 1: MP Adel Al-Damkhi has submitted a bill on the establishment of a shareholding company that will manage Kuwait International Airport and subsidiary airports. The lawmaker pointed out that the budget for the airport has increased; while the administration and maintenance works have been entrusted to unqualified contractors, resulting in poor service and higher cost. He said the bill is aimed at nationalizing technical jobs in order to generate job opportunities for qualified Kuwaiti youths, improve the quality of airport services through a strategic partnership with an international entity and government monitoring, generate income for shareholders (citizens), and acquire experience through the implementation of local projects in accordance with the international competitiveness system like the Dubai Ports World (DP World) and Malaysian companies. Read more...

Kuwait Investment Authority 6th largest gov’t investor worldwide

KUWAIT CITY, Dec 6: Business Environment Improvement Committee Chairman MP Abdulwahab Al-Essa disclosed that the panel met on Tuesday to discuss the factors leading to the minimal entry of foreign investments to the country with representatives of Kuwait Investment Authority (KIA) and Kuwait Direct Investment Promotion Authority (KDIPA). He said they agreed on the need for new legislation to address the issue and encourage foreigners to invest in the country. He added the committee discovered that the role of KDIPA is limited to license issuance, plot allocation, and assisting foreign investors in obtaining tax exemption. Read more...

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Kuwait FM and US lawmakers discuss bilateral relations

KUWAIT: Foreign Minister Sheikh Salem Abdullah Al-Jaber Al-Sabah received on Sunday ranking US Representatives, led by David N Cicilline – Chairman of the House Subcommittee on Middle East, North Africa and Global Counterterrorism, now on an official visit to Kuwait. The meeting dealt with the friendly relations, the partnership and cooperation between Kuwait and the United States, which kept strengthening over the past six decades.

Sheikh Salem commended the strides made towards realization of the shared aspirations in vital areas, including economic, the cultural, the educational and security ones. The Kuwaiti minister noted that the two friendly countries work together to promote diplomatic coordination, and share experience in combating extremism and terrorism. Read more...

DLA Support Team Middle East visits 386th Expeditionary Support Squadron


The Defense Logistics Agency Support Team Middle East visited the 386th Expeditionary Support Squadron at Ali Al Salem Air Base, Kuwait, Dec. 8.

During the visit, the Air Force gave an overview on how DLA is supported through the Expeditionary Logistics Readiness Squadron’s Inbound and Outbound cargo section that is a part of the Transportation Flight, as well as through the Materiel Management Flight’s Customer Service, Inventory, Equipment Accountability Element, Retail Sales, Aircraft Parts Store and their Expeditionary Theater Distribution Center. Read more...

U.S. International Investment Position, 3rd Quarter 2022

The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was –$16.71 trillion at the end of the third quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis. Assets totaled $29.73 trillion, and liabilities were $46.44 trillion. At the end of the second quarter, the net investment position was –$16.29 trillion (revised). The net investment position and components of assets and liabilities are presented in table 1 XLSX. Read more...

DOE Proposes New Efficiency Standards For Distribution Transformers

WASHINGTON, D.C. — The U.S. Department of Energy (DOE) today proposed new energy-efficiency standards for three categories of distribution transformers to improve the resiliency of America’s power grid, lower utility bills, and significantly reduce domestic carbon-dioxide (CO2) emissions. DOE’s proposal represents a strategic step to advance the diversification of transformer core technology, which will conserve energy and reduce costs. Almost all transformers produced under the new standard would feature amorphous steel cores, which are significantly more energy efficient than those made of traditional, grain-oriented electrical steel. If adopted within DOE’s proposed timeframe, the new rule will come into effect in 2027. Read more...

USDA Invests in Critical Infrastructure to Lower Costs, Create Jobs, and Combat Climate Change Across Rural America

WASHINGTON, Dec. 15, 2022 – U.S. Department of Agriculture (USDA) Secretary Tom Vilsack today announced USDA is investing $285 million in critical infrastructure to lower energy costs, expand access to clean energy for people across rural America, and combat climate change (PDF, 920 KB). USDA is also making an additional $300 million available under the Rural Energy for America Program, including $250 million through the Inflation Reduction Act, to spur further investment. 

“People in rural America are on the front lines of climate change, and our communities deserve investments that will strengthen our Country’s resilience,” Vilsack said. “President Biden has created a roadmap for how we can tackle the climate crisis and expand access to renewable energy infrastructure, all while creating good-paying jobs and saving people money on their energy costs. These investments underscore the Biden-Harris administration’s commitment to providing funding and resources to rural people and communities across the country to help drive economic security and prosperity.”



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