Please join us for a joint conference with KRH and the ISOA on the 13th of February.

The panels will be 1 hour with speakers from both the private and government sector: 

10:00 AM Digital Transformation and Identifying/Managing Cybersecurity Threats

11:15 AM Women in Leadership

14:15 PM Business Opportunities in the US and Kuwait 

15:30 PM Combatting Human Trafficking 

For over 20 years, the IDEX Kick-Off Breakfast has been designed to provide AmCham Abu Dhabi members, and IDEX attendees with valuable networking time prior to the exhibition. At the event, you will gain industry knowledge through keynote speakers, and you will have the opportunity to network with high-profile, sector-specific leaders.

Demand has been extremely high this year. Limited tickets are available, grab one before they’re sold out!

Dear members:

Do you want to expand your business into the United States? Do you need guidance on finding the right business location, right partners, or the right market?

Join the U.S. Embassy in Kuwait for the 2023 SelectUSA Investment (SelectUSA Investment Summit (selectusasummit.us) submit to be held in person from May 1-4 in Washington, DC. You are invited to join the Embassy’s delegation to the summit. We hope you can make it. 

The annual Summit is for investors of all sizes – including established multinationals, small or medium-sized enterprises, and high-growth start-ups. The United States is incredibly diverse, and the Summit brings that diversity together into one building: any company can find the people, the resources, and the market it needs to be successful. The Summit will showcase investment opportunities from every corner of the United States, while high-profile business and government leaders share insight on the latest business trends. Participants will find the practical tools, information and connections they need to move investments forward. 

As international investors have recognized the United States as the premier investment destination in the world, the 2022 SelectUSA Investment Summit hosted by Secretary of Commerce Gina Raimondo was a great success. It attracted more than 3,600 attendees and it has directly impacted more than $59 billion in new U.S. investment projects. Historically, the Investment Summit attracts more than 1,200 business investors from approximately 70 international markets who join economic developers from almost all U.S. states and territories.

If you are interested to join or for more information, please contact Senior Commercial Specialist at Dina.Al-Shawa@trade.gov

Link to Apply (Please inform us to follow-up on your application)

January 18 - The AmChams in the MENA region held a speed networking event which focused on the energy sector. The goal of the event was to connect entities to one another, in order for them find opportunities in the region for partnership, collaboration, and build their business network. We look forward to the next one! Read more...

January 22 - AmCham Kuwait's IT/Cybersecurity Focus Group meets for Q1

January 31 - AmCham Kuwait's Women in Business Focus Group together with the U.S. Embassy and in partnership with the Crowne Plaza Al Thuraya City Hotel hosted their first Diversity & Inclusion Diwaniya for the year. The topic was based on 'Changing Company Culture to Harbor Women in Leadership'. The event was attended by decision-makers from different entities. We look forward to continuing these discussions which will lead up to our final summit of the year. Read more...

February 1 - The BF9 (Business Forums -9) organized and held their annual joint event for the BF9 Summit and Exhibition. The event was previously BF6, but with the birth of the Lebanese, Portuguese, and Spanish business councils, the platform has now evolved to being BF9. The goal of the event was to discuss trade relations between countries and provide an educational event that will addressed different industries, and upcoming opportunities. Read more...

Al Ahli Bank of Kuwait and ABK-DIFC Close Landmark $825 Million Term Loan Facility

Al Ahli Bank of Kuwait K.S.C.P is pleased to announce it has successfully closed a 37-month USD 825 million Term Loan Facility, securing the largest financing related to a Kuwaiti financial institution since January 2010.

The facility has been designed to be used for general corporate purposes and working capital requirements. The syndication was launched in October and the facility was signed 30 November 2022 in Kuwait. Read more...

Kuwait Ministry of Justice and AIU: A Future Partnership

On January 25, AIU had the pleasure of hosting representatives from the Ministry of Justice (MOJ) Public Authority Minor Affairs (PAMA) division. Discussions are being held to establish a bilateral partnership for the development of professional courses such as Strategic Management, which would cater to the needs of the employees of Ministry of Justice, as well as an internship program that would allow AIU students to gain first-hand experience and valuable insight into the government sector. Read more...

AUK CEAS Hosts Cybersecurity Lecture in Collaboration with US Embassy

AUK College of Engineering and Applied Sciences (CEAS) hosted a talk in collaboration with the U.S. Embassy in Kuwait entitled, Adapting to Future Cybersecurity Threats: Thoughts from the United States, presented by U.S cybersecurity expert, Mr. Guillermo Christensen. 

Mr. Christensen is a partner at K&L Gates, Washington, D.C. He is a member of the Antitrust, Competition, and Trade Regulation practice group. During the talk, Mr. Christensen discussed how cybercrime is a national security risk with cyber-attacks disrupting thousands of lives globally. Read more...

Recent Amendments to the Executive Regulations of the Kuwait Companies Law: All Companies Required to Amend Their Activities’ Codes

The Kuwait Ministry of Commerce and Industry has recently issued resolutions number 167 and 184 of 2022, calling for significant amendments to the Executive Regulations of the Kuwait Companies Law No. 1 of 2016.

In this alert we look at their salient features and how these impact commercial entities operating in Kuwait. 



1. Resolution number 167 of 2022, issued in the official gazette on 27 November 2022, obliges companies to amend their commercial activities from the old codes to the new codes in line with the GCC unified economic activities classification. Read more...

Boeing Awarded U.S. Army Contract for Next-Generation Diagnostic Tool

RIDLEY PARK, Pa., Jan. 26, 2023 — The U.S. Army has selected Boeing [NYSE:BA] to produce additional Next Generation Automated Test System (NGATS) units with a contract award worth up to $92 million over three years. NGATS is a single, mobile diagnostic tool that provides real-time testing in the field.

NGATS provides immediate solutions, enabling automated fault diagnosis of more than 100 components. NGATS eliminates manual troubleshooting and disassembly of components which reduce labor hours. NGATS aids in avoiding lead times that come with ordering parts and possible depot-level maintenance. One Armored Brigade Combat Team noted NGATS saved more than $26 million in repair costs in five months.

Read more...

Cisco Advances the Hybrid Work Experience with Audio and Interoperability Innovations

SAN JOSE, CALIF. — Jan 31, 2023 — Today at Integrated Systems Europe (ISE) 2023, Cisco (NASDAQ: CSCO) showcased its new range of collaboration devices for Microsoft Teams and unveiled the new Cisco Table Microphone Pro, a digital and multi-directional table microphone for hybrid workspaces, along with audio interoperability advancements. The innovations meet the needs of hybrid workers, delivering more inclusivity and choice for meetings, while improving the manageability, configuration, and security required by IT.  

“The future of work is now and it’s hybrid, which requires a truly exceptional and inclusive experience that’s not confined by location, device, or meeting platform,” said Jeetu Patel, EVP and GM, Security & Collaboration, Cisco. Read more...

Cigna Recognized as One of America's Greatest Workplaces for Diversity by Newsweek

Bloomfield, Conn., January 27, 2023 – Cigna Corporation (NYSE: CI) today announced the organization was named a top workplace for diversity

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, earning the highest possible score in a study by Newsweek and Plant-A Insights.

“A diverse and inclusive workplace allows us to leverage our different perspectives and experiences to better serve our customers, clients, and communities,” said Eliana Nunez, vice president of diversity, equity, and inclusion at Cigna. “Now, more than ever, it’s critical that we continue to push ourselves to achieve true diversity, equity, and inclusion. When we focus on driving inclusion and equity and empower each other to celebrate our differences, it helps us drive greater value for all those we serve.” Read more...

Next-Generation Dell PowerEdge Servers Deliver Advanced Performance and Energy Efficient Design

January 17, 2023 —  

Dell Technologies (NYSE:DELL) expands the industry’s top selling server portfolio1, with an additional 13 next-generation Dell PowerEdge servers, designed to accelerate performance and reliability for powerful computing across core data centers, large-scale public clouds and edge locations.

Next-generation rack, tower and multi-node PowerEdge servers, with 4th Gen Intel Xeon Scalable processors, include Dell software and engineering advancements, such as a new Smart Flow design, to improve energy and cost efficiency. Expanded Dell APEX capabilities will help organizations take an as-a-Service approach, allowing for more effective IT operations that make the most of compute resources while minimizing risk. Read more...

Businesses in Kuwait prepare for global, regional and local tax developments

EY organized a seminar covering key tax topics relevant to businesses operating in Kuwait. The event provided the latest updates on the local, regional, and global tax environment, tax policies and recent tax trends across the MENA region with a focus on the GCC, as well as Sustainability.

Ahmed Eldessouky, EY Kuwait, Qatar and Oman Tax Leader, says:

“In this fast-evolving tax environment, it is a new imperative for businesses to keep themselves updated on and aligned with local, regional, and global tax developments and manage related risks. Companies may need to revisit their operating models to consider tax as a function alongside finance and enhance their use of technology to address the new requirements. Read more...

GAC North America opens new office in Seattle

GAC North America - Shipping has opened its new office in Seattle, Washington, to support its growing customer base with a presence in the Pacific Northwest.

The Seattle office, which will be GAC's 20th office in the United States, will provide ship agency, husbandry, and protecting agency services, drawing on the GAC Group's global experience in providing integrated shipping, logistics, and marine services.

Read more...

Grand Hyatt Kuwait Scoops 2022 Condé Nast Traveler Middle East Readers’ Choice Awards

Only a few months into its grand opening, Grand Hyatt Kuwait has carved a unique place for itself in Kuwait’s social and cultural circles. The hotel was recently named Favourite Business Hotel – MENA in the 2022 Condé Nast Traveler Middle East Readers’ Choice Awards. Read more...

HONEYWELL DELIVERS STRONG FOURTH QUARTER RESULTS, FULL YEAR SEGMENT MARGIN AND EARNINGS ABOVE HIGH END OF INITIAL GUIDANCE DESPITE SIGNIFICANT HEADWINDS; ISSUES 2023 GUIDANCE

CHARLOTTE, N.C., Feb. 2, 2023 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced results for the fourth quarter and full year 2022 that met or exceeded the company's original guidance despite a challenging operating environment. The company also provided its outlook for 2023.

The company reported fourth-quarter year-over-year sales growth of 6% and organic1 sales growth of 10%, or 11% excluding the impact of the wind down in operations in Russia4, with another quarter of double-digit organic sales growth in Honeywell Building Technologies, Performance Materials and Technologies, and Aerospace. Read more...

L3HARRIS NAMED AMONG FORTUNE’S MOST ADMIRED COMPANIES OF 2023

MELBOURNE, Fla. - L3Harris Technologies (NYSE:LHX) announced today being named one of FORTUNE’s World’s Most Admired Companies for 2023. The company scored favorably in the categories of innovation, social responsibility, long-term investment value, financial soundness and use of company assets.

L3Harris ranked seventh among its peers in the global Aerospace and Defense category; the company has ranked on the prestigious list each year since its formation in mid-2019. Read more...

Lockheed Martin’s First LM 400 Multi-Mission Spacecraft Completed, Ready For Final Testing

DENVER, Colo., Jan. 31, 2023 – The first Lockheed Martin (NYSE: LMT) LM 400, a flexible, mid-sized satellite customizable for military, civil or commercial users, rolled off the company’s digital factory production line and is advancing toward its planned 2023 launch.

The agile LM 400 spacecraft bus design enables one platform to support multiple missions, including remote sensing, communications, imaging, radar and persistent surveillance. Lockheed Martin invested in common satellite designs to support demand for more proliferated systems, high-rate production and affordable solutions. Read more...

Microsoft and OpenAI extend partnership

Today, we are announcing the third phase of our long-term partnership with OpenAI through a multiyear, multibillion dollar investment to accelerate AI breakthroughs to ensure these benefits are broadly shared with the world.

This agreement follows our previous investments in 2019 and 2021. It extends our ongoing collaboration across AI supercomputing and research and enables each of us to independently commercialize the resulting advanced AI technologies. Read more...

NOV makes Forbes’ list of the World’s Top Female-Friendly Companies

NOV has been recognized by Forbes as one of the World's Top Female-Friendly Companies for 2022. The company ranked 30th out of 400 companies worldwide that excel at championing women through competitive pay, strong career advancement opportunities, and flexible work arrangements.

In partnership with market research company Statista, Forbes surveyed about 85,000 women working at multinational companies in 36 countries. The anonymous participants rated their employer on several topics, including gender equality in career advancement and parental leave. The final ranking also considered female representation in executive and board positions and how companies publicly promote gender equality.

Read more...

Raytheon Intelligence & Space awarded Missile Track Custody development contract

PROCAPITA’s annual GCC 2022 report. This year's report is the most comprehensive of all reports specialized in human resources and adds a distinctive value to companies and HR experts at all levels. Read more...

Raytheon Intelligence & Space awarded Missile Track Custody development contract

El Segundo, Calif. (January 4, 2023) – Raytheon Intelligence & Space has been awarded a prime contract to develop a prototype Missile Track Custody system for the U.S. Space Force. MTC is the service’s first Medium Earth Orbit missile tracking system.

Under this contract, Raytheon Intelligence & Space will serve as the prime contractor, developing and delivering a space vehicle, hosting a state-of-the-art missile tracking mission payload and ground-based command and control and mission-data processing elements. This system was developed using model-based systems engineering significantly increasing the speed of development, while reducing cost.

Read more...

Zain ‘Best Telecom Company’ and ‘Best Digital Transformation Telecom Company’ in Kuwait 2022

Zain, Kuwait’s leading digital service provider, was named ‘Best Telecom Company’ and ‘Best Digital Transformation Telecom Company’ in Kuwait for the year 2022 during the annual excellence awards hosted by business magazine International Finance in Dubai.

Zain participated in the awards ceremony held in Jumeirah Emirates Hotel, attended by H.E. the Consul General of Kuwait in Dubai and the Northern Emirates Ali Salem Al Thaidi and Zain Kuwait’s Chief Corporate Affairs and Relations Officer Waleed Al Khashti.

Read more...

Seminar discusses progress on Kuwait development plan

KUWAIT: The Kuwaiti Society for the Defense of Public Money, in cooperation with the Kuwaiti Economic Society, held a seminar titled “Future Legislation and the Development Plan 2035”. President of the Kuwait Association for the Defense of Public Funds Abdullah Al-Bakr was the moderator. The speakers discussed the New Kuwait 2035 vision, which was issued in 2010 and approved by the late Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, and the goals, visions and aspirations of the strategic plan to make Kuwait an economic, commercial and cultural center compatible with the past, heritage, customs and traditions of the Kuwaiti society Read more...

Private housing sector in Kuwait saw remarkable decline in prices

KUWAIT CITY, Feb 2: The private housing sector in different regions of the country witnessed a remarkable decline in prices during the last period, after it reached record levels in previous years, and caused an unprecedented housing crisis, disregarding the financial capacity of a large segment of citizens, reports Al-Qabas daily. Read more...

Kuwait to launch visa app, smart ID

KUWAIT: First Deputy Prime Minister, Interior Minister and Acting Defense Minister Sheikh Talal Al-Khaled Al-Ahmad Al-Sabah announced Saturday the Kuwait Visa app, which will be launched soon. The Government Communication Center said Sheikh Talal Al-Khaled explained during the first meeting of the committee on demographics and labor market development that the Kuwait Visa app aims to secure and regulate the entry of workers into the country, avoid forgery and fight visa trafficking. Read more...

Kuwait governorates hoist flag, kick start National celebrations

KUWAIT: Kuwait’s six governorates commenced Wednesday flag-raising ceremonies in celebration of 62nd National Day and 32nd Liberation Day. Farwaniya Governor Sheikh Mishal Al-Jaber Al-Abdullah Al-Sabah spoke to KUNA saying that flag-raising ceremonies are a symbol of renewing vows to continue down the road forefathers forged. Read more....

Kuwait Sat-1 in final launch and early orbit phase

KUWAIT: The Kuwait Sat-1 satellite has reached the final stages of its launch and early orbit phase (LEOP), before it begins taking images of Kuwait, announced Dr Hala Al-Jassar, director of the national project for Kuwait Sat-1 backed by the Kuwait Foundation for the Advancement of Sciences. Read more...

‘Contractors to pay for damages’

KUWAIT CITY, Feb 4: The Ministry of Public Works (MPW) is currently studying the legal aspects of obliging contractors in the new maintenance contracts to allocate a certain amount as guarantee, which will be used to compensate roadusers if they file lawsuits against the ministry as a result of their cars being damaged by drilling or flying steel, reports Al-Rai daily quoting sources from the ministry. 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...

KOC signs consulting contract to conduct study for exploitation of renewable energy in its fields

KUWAIT CITY, Jan 19 : Kuwait Oil Company (KOC) signed Thursday a consulting contract with Worley Consulting to conduct a detailed feasibility study for the exploitation of renewable energy in its fields. In a press statement, the KOC said that this step came in accordance with the roadmap regarding the energy transition to reach net zero carbon dioxide emissions by 2050. Read more...

USDA Continues Laying Foundation for More and Better Markets with Launch of Pilot Cattle Contracts Library

WASHINGTON, Jan. 31, 2023 -- The U.S. Department of Agriculture (USDA) launched its pilot Cattle Contracts Library today at Noon Eastern Time on the Agricultural Marketing Service (AMS) Cattle Contract Library webpage. The Consolidated Appropriations Act of 2022 directed USDA to create a pilot library to increase market transparency for cattle producers. This pilot library will provide new disclosure to the industry and public regarding the key terms, conditions, and volumes under which cattle are contracted, bringing sunshine to practices in what is now the largest part of the cattle market. This will empower cattle producers to negotiate better terms, more carefully monitor risks relating to marketing preferences and pricing practices, and ultimately take better advantage of market opportunities to produce cattle that the market demands. Read more...

U.S. Department of Energy Awards $118 Million to Accelerate Domestic Biofuel Production

WASHINGTON, D.C. — The U.S. Department of Energy (DOE) today announced $118 million in funding for 17 projects to accelerate the production of sustainable biofuels for America’s transportation and manufacturing needs. The selected projects, located at universities and private companies, will drive the domestic production of biofuels and bioproducts by advancing biorefinery development, from pre-pilot to demonstration, to create sustainable fuels that reduce emissions associated with fossil fuels. Funding for this opportunity supports President Biden’s goals to deliver an equitable, clean energy future, and put the United States on a path to achieve net-zero emissions, economy-wide, by no later than 2050. Projects selected as part of this funding opportunity will contribute to meeting DOE’s goal to achieve cost-competitive biofuels and at least a 70% reduction in greenhouse gas (GHG) emissions by 2030. Read more...

January welcomes National Mentoring Month

FORT LEE, Va.  –  January is National Mentoring Month. Research shows that mentoring increases employee productivity while positively impacting organizational culture and workforce retention. January 26 is “Thank Your Mentor Day.”

The Defense Contract Management Agency’s Total Force Directorate and its Leadership Development Program team recognize the importance of mentoring and the contributions of more than 350 mentor volunteers from across the agency. Read more...

DLA to demonstrate privacy compliance tool at Federal Privacy Summit



FORT BELVOIR, Va.  –  

A new tool that helps the Defense Logistics Agency comply with privacy laws and regulations governing personally identifiable information is being highlighted across the federal government as it celebrates Data Privacy Week Jan. 24-28.

The DLA Privacy Compliance Application is a software application designed to help the agency monitor which of its nearly 400 information technology systems contain PII. It also streamlines the completion of compliance documentation and privacy assessments. Read more...

For more information, please call +965 2200 6065 or check the Bio @fskuwait

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