Latest news with #NewKuwait2035
Arab Times
20 hours ago
- Business
- Arab Times
Kuwait moves to equip youth for tech future with new academy
KUWAIT CITY, July 31: Acting Director General of the Public Authority for Youth (PAY), Nasser Al-Sheikh, reaffirmed the authority's commitment to empowering Kuwaiti youth in the fields of science, technology, engineering, mathematics (STEM), and artificial intelligence (AI). His remarks followed the signing of a memorandum of understanding (MoU) between PAY and the Kuwait Space Company (KSC) to establish a National Youth Academy. The academy aims to equip young Kuwaitis with advanced skills in artificial intelligence, space sciences, robotics, and cybersecurity. Speaking to reporters after the signing, Al-Sheikh emphasized that youth are at the forefront of Kuwait's development priorities. "This academy will serve as a modern national platform to cultivate the skills of our youth, enabling them to contribute meaningfully to the knowledge economy and participate actively in achieving the goals of the 'New Kuwait 2035' vision,' Al-Sheikh said. He noted that the initiative is part of the authority's broader strategy to create an enabling and innovative educational environment that aligns with global advancements. The goal is to prepare a generation of competent, forward-thinking individuals ready to thrive in the future labor market. The National Youth Academy will incorporate cutting-edge educational curricula and host a variety of workshops, training programs, and scientific competitions. These activities will target high-achieving school and university students and involve the exchange of expertise and the recruitment of qualified teaching and administrative staff. Al-Sheikh commended the Kuwait Space Company for its cooperation and support, stressing the importance of forming constructive partnerships with government bodies, civil society organizations, and the private sector. These collaborations, he said, are vital for launching pioneering educational and technological initiatives that meet the aspirations of Kuwait's youth and harness their potential for national development.
Kuwait News Agency
a day ago
- Politics
- Kuwait News Agency
Official: MoI's strategy enhances security, aligns with Kuwait 2035 vision
الأمن KUWAIT, July 30 (KUNA) -- The official spokesman for the Ministry of Interior, Brigadier Nasser Abu-Slaib, confirmed Tuesday that the ministry's strategic plan aims to enhance the security system and keep pace with modern changes, in line with the goals of the 'New Kuwait 2035' vision. This came during a visual presentation by Abu-Slaib, titled "Laws - Numbers - Achievements 2025", where he reviewed the strategic plan and legislative amendments to traffic, residency, and drug laws, in addition to the digital transformation that enabled 37 electronic services through the "Sahel" application, with transactions exceeding 30.8 million. He pointed to the biometric fingerprint project that has provided a database for over 16 million people, which is automatically linked with the state ministries, enhancing the procedures for identity verification and security at the borders. He explained that the new drug law aims to reduce use and trafficking by tightening penalties and expanding security powers, as 1,451 cases and 11 drug-related deaths were recorded in the first half of 2025. Abu-Slaib also reviewed the changes to visa residency services, with the launch of the e-visa platform KUWAIT VISA, which allows obtaining entry visas to the country, including the tourist visa, family visa, business visa, and government visa. In addition, he highlighted the innovation of the Kuwait Coast Guard through the inauguration of smart unmanned boats that enhance maritime security and allow them to operate for several days without direct human intervention. He pointed out the new Kuwaiti flag law, which aims to protect the symbolism of the national flag, regulate its use at events, and prohibit the raising of foreign flags or religious or sectarian slogans without official permission. (end)
Kuwait Times
2 days ago
- Politics
- Kuwait Times
Kuwait's security plan for 2025 aims to support safer tourism, investment climate: Interior Ministry
Still-in-progress drug law proposes harsher penalties, better support for addicts: Official KUWAIT: Kuwait's Ministry of Interior reviewed the implementation of sweeping legal, digital, and security reforms under its 2025 strategic plan during a media briefing on Wednesday. The plan aims to create a safer, more attractive environment for investment and tourism while strengthening the country's security apparatus, he said. 'Our strategic plan is designed to keep pace with social, economic, and technological changes,' said Brig Gen Nasser Buslaib, Director General of Relations and Media at the ministry. 'It boosts our ability to respond effectively to new developments and ensures that the security establishment is fully aligned with the New Kuwait 2035 vision.' Harsher drug law He outlined amendments to Kuwait's traffic and residency laws, with upcoming changes to narcotics legislation still in progress. 'The plan aims to reinforce justice and protection for both citizens and residents and close legal loopholes to safeguard against exploitation and abuse,' he said. Buslaib noted that the new residency law addresses labor market demands, protects worker and employer rights, and includes clear regulations to combat human trafficking. He also highlighted the e-visa platform—Kuwait Visa—which streamlines access to various visa types, including tourism, business, and family visit visas. He previewed the forthcoming drug law, which aims to crack down on trafficking and improve support for addicts. The law proposes 'harsher penalties for drug-related crimes' and grants authorities expanded powers to dismantle trafficking networks. It also outlines a national rehab and reintegration plan for addicts. The law's first draft was completed in April and submitted to the Cabinet for review. In 2024, 39 drug-related deaths were recorded. In just the first half of 2025, the ministry reported 1,451 drug cases, 261 addiction complaints, 1,864 accused individuals and 11 deaths. 16.3m biometrics A key focus of the ministry's efforts has been digital transformation. According to Buslaib, the ministry now offers 37 services through the 'Sahel' app, with over 30 million transactions processed. 'This transition has simplified transactions, reducing the need to physically visit government agencies for paperwork,' he said. The ministry has also ramped up biometric data collection, registering over 16.3 million biometric fingerprints covering citizens, residents, and visitors. 'This project boosts border security and helps detect identity fraud,' Buslaib added. 'It has already helped reduce document forgery and raised operational efficiency at borders and airports. It also helped authorities find wanted individuals, protecting society from crime.' Drop in violations He also introduced the Coast Guard's new unmanned smart boats, capable of long missions without human operators. These vessels conduct surveillance, track suspicious maritime activity, and support rescue operations—enhancing maritime security and protecting natural resources. Meanwhile, traffic law amendments—implemented in April—have had measurable impact, said Buslaib. The use of AI-powered cameras and stricter penalties for reckless driving led to an 83 percent drop in speed and red-light violations, 75 percent drop in seatbelt and mobile phone offenses, and 55 percent reduction in fatal traffic accidents. 'In 2024, we averaged 300 accidents a day,' he said. 'Most of them—90 percent—were due to driver distraction. The amendments have increased awareness among drivers, leading to a drop in these numbers.' — Agencies
Kuwait Times
2 days ago
- Business
- Kuwait Times
ABK reports 9% y-o-y growth in net profit to KD 31.73 million for H1 2025
Solid financial results affirm bank's position as a leading financial institution KUWAIT: Al-Ahli Bank of Kuwait (ABK) proudly announced its robust financial results for H1 2025, once again affirming its position as a leading financial institution. Financial performance ABK Group recorded a net profit attribute to shareholders of KD 31.73 million, up 9 percent year-on-year. Earnings per share stood at 11 fils, and operating profit increased by 18 percent to KD 62.94 million. Operating income increased year-on-year by 8 percent to KD 108.83 million. Total assets grew year-on-year by 8 percent to KD 7.19 billion, loans and advances grew by 5 percent to KD 4.72 billion, while customer deposits rose 9 percent to KD 4.32 billion, affirming the Group's reputation as a trusted financial partner. The non-performing loan (NPL) ratio stood at 1.35 percent, covered by provisions at 447 percent. The Capital Adequacy Ratio (CAR) was 16.96 percent, and shareholders' equity rose by 4.6 percent to KD 635.38 million, further underscoring ABK's financial stability. On this occasion, Talal Mohammad Reza Behbehani, Chairman of ABK, stated that the Group's results for the first half of 2025 reflect the strength of its financial position and its success in achieving strategic objectives. He emphasized, 'These achievements were made possible through the implementation of diverse plans aimed at developing ABK's banking services and products, clearly demonstrating the Group's ability to maximize returns for shareholders.' Behbehani added that ABK's profits were achieved as part of the ongoing development of the Bank's strategy to keep pace with advancements in the banking industry locally, regionally, and globally. He explained that the Group's prudent approach in mitigating global economic challenges contributed to continued growth across of its key financial indicators during the first six months of 2025. He stressed that digital transformation remains a core pillar of ABK Group's operations, with a focus on integrating advanced digital technologies across the organization to ensure seamless customer experience across our different lines of business. The Bank is also committed to harnessing artificial intelligence in its operations to elevate the quality of banking services and diverse solutions provided to all customer segments. Behbehani further emphasized that ABK Group dedicates all its resources to supporting the successful realization of the New Kuwait 2035 vision and is committed to working alongside relevant stakeholders to facilitate the financing and development of upcoming national projects. Awards, ratings and ESG Behbehani revealed that the Group has continued to earn the confidence of global institutions, as evidenced by several awards received since the beginning of the year. These include the 'Best Digital Transformation Initiative' award at the 2025 MEED Middle East Banking Excellence Awards, as well as the 'Best Call Center' in the banking sector in Kuwait award from Global Brands Magazine. He noted that these awards came as a result of recent enhancements to ABK's customer service center, the launch of an entirely new mobile application and the ongoing development of the Bank's website to provide world class round-the-clock customer service. He also highlighted that ABK has successfully maintained its strong credit ratings of 'A' from Fitch and 'A2' from Moody's, which underscores the Group's solid financial position and its ability to navigate challenges while meeting the expectations of financial rating agencies evaluating the performance of Kuwait's banking sector. Behbehani pointed out that ABK Group is committed to applying sustainability standards across all of its daily operations and in all markets where it operates. He emphasized the Bank's recent recognition as a leading institution in environmental sustainability through its ranking in Kuwait's first-ever Climate Sustainability Index. He confirmed that the Group will continue to publish comprehensive annual sustainability reports to provide transparent updates on developments across all aspects of its operations. In conclusion, Behbehani expressed his gratitude to the Board of Directors, executive management and all ABK employees for their ongoing efforts and contributions to the success of the Group's plans and its growing position as a leader in the banking sector. He also acknowledged the continuous support ABK receives from all regulatory authorities in Kuwait, Egypt and the UAE, whose collaboration helps foster growth and advancement across the banking sector. Abdulla Al-Sumait ABK Deputy Group CEO Future plans In turn, Abdulla Al-Sumait, Deputy Group CEO of ABK, affirmed, 'The Group's profits for the first half of 2025 are the result of close collaboration between various divisions and teams to successfully execute the Group's strategic plans. They reflect ABK's ability to improve its profitability and capital strength indicators and effectively respond to evolving market dynamics.' Customer engagement The first half of 2025 also witnessed increased engagement between ABK and its customers, with the Bank organizing several exclusive events, including a private forum for Private Banking clients and ABK Capital, the Group's investment arm, to update them on the latest developments in the banking and investment sectors. During the first six months of 2025, the Bank signed multiple partnership agreements to provide exclusive offers for its customers, including renewing its partnership with Emirates Skywards and introducing discounts for ABK cardholders. These initiatives reinforce the Bank's reputation as the preferred banking partner for customers. Regional expansion In addition, ABK Group continued to expand its operations internationally by opening new branches in Egypt, launching additional products to grow its customer base in the UAE, and establishing a subsidiary of ABK Capital in the Dubai International Financial Centre. These steps will enhance the integration of the Group's operations. Community initiatives ABK also continued to sponsor numerous community events, reflecting its ongoing commitment to corporate social responsibility and active engagement with all segments of society. Sponsorships in 2025 included the final of His Highness the Crown Prince Football Cup, the Annual Diabetes Conference in collaboration with Amiri Hospital, the Porsche Club Kuwait annual festival, a Drug Awareness Conference, and several school visits aimed at enhancing financial literacy among students of all age groups. The Bank also participated in various career fairs and exhibitions across multiple sectors. Furthermore, the Bank maintained its support for the Central Bank of Kuwait and the Kuwait Banking Association's 'Let's Be Aware' campaign to promote financial literacy in Kuwait. ABK actively promoted the campaign through its social media platforms, digital screens across its branches, traditional media outlets, television, radio and cinema advertisements. The Bank also organized several padel tournaments and interactive events to raise awareness of the campaign's objectives, demonstrating its leadership role in supporting national community initiatives and leveraging its resources to achieve the desired impact. In conclusion, Al-Sumait emphasized that the coming period will see further development of the Group's operations, with the introduction of more innovative banking solutions and products, contributing to sustained profit growth in the future.
Arab Times
2 days ago
- Politics
- Arab Times
MoI's strategy enhances security, aligns with 'New Kuwait 2035' vision
KUWAIT CITY, July 30: The Ministry of Interior (MoI) is actively advancing its security framework to keep pace with modern developments and align with the long-term goals of the 'New Kuwait 2035' vision, Brigadier Nasser Abu-Slaib, the official spokesman for the ministry, confirmed on Tuesday. During a detailed presentation titled 'Laws – Numbers – Achievements 2025,' Abu-Slaib reviewed the MoI's comprehensive strategic plan, highlighting key legislative amendments to traffic, residency, and narcotics laws, as well as the ministry's ongoing digital transformation efforts. The 'Sahel' unified government application now provides 37 electronic services, facilitating more than 30.8 million transactions, underscoring the shift towards seamless digital governance. A significant milestone is the biometric fingerprint project, which has compiled a database exceeding 16 million individuals. This biometric system is fully integrated with various state ministries, streamlining identity verification processes and bolstering border security. Abu-Slaib elaborated on the new drug law currently under development, designed to curb narcotics use and trafficking by imposing stricter penalties and expanding law enforcement powers. In the first half of 2025, authorities recorded 1,451 drug-related cases and 11 fatalities linked to substance abuse. The MoI also launched the electronic visa platform, KUWAIT VISA, which simplifies the process of obtaining various types of entry permits, including tourist, family, business, and government visas. Innovation in maritime security was another highlight, with the Kuwait Coast Guard unveiling smart unmanned boats capable of operating autonomously for extended periods. These vessels enhance maritime surveillance, support search and rescue missions, monitor environmental pollution, and reinforce the security of Kuwait's territorial waters. Abu-Slaib also discussed the recently enacted Kuwaiti Flag Law, aimed at protecting the national emblem's dignity. The law regulates flag usage during events, prohibits unauthorized display of foreign flags or sectarian slogans, and forbids raising torn or damaged flags, promoting national unity and respect. Brigadier Abu-Slaib emphasized that the MoI's strategic plan is designed to adapt to evolving social, economic, and technological realities. The plan seeks to promote justice, safeguard the rights of citizens and residents, close legal loopholes, and foster equality while protecting against exploitation and violations. The strategy also prioritizes creating a secure and investor-friendly environment, which will stimulate capital inflows into development projects and strengthen Kuwait's tourism sector. Additionally, the plan includes enhancing legal controls to protect lives and property, supported by advanced technological tools. Regarding the biometric fingerprint initiative, Abu-Slaib noted that Kuwait now maintains 16,371,153 civil fingerprints covering citizens, residents, and visitors. A separate database includes records of citizens, residents, illegal residents, and visitors totaling 5,381,457 individuals. This project reduces identity fraud, expedites transactions, and improves the detection of wanted individuals at borders and airports. In digital transformation, the MoI's 'Sahel' app has revolutionized service delivery, enabling citizens and residents to complete thousands of transactions without in-person visits. The platform will soon incorporate additional digital services from the ministry. The presentation also highlighted the transformative impact of residency law amendments and digital upgrades on the Residency Affairs Departments. The new law aligns with labor market needs, strengthens the economy, protects worker and employer rights, defines clear obligations, and combats human trafficking with strict penalties. These measures enhance Kuwait's international reputation and support its status as a global financial hub. Abu-Slaib detailed the pending amendment to the Narcotics and Psychotropic Substances Law, aimed at restricting drug trade and abuse. The law grants wider powers to security agencies to dismantle trafficking networks and includes integrated prevention, treatment, and rehabilitation plans. In 2024, 39 deaths were attributed to narcotics, while the first half of 2025 saw 1,451 cases, 261 addiction complaints, 1,864 defendants, and 11 deaths, highlighting the urgency of these reforms. Regarding maritime security, the General Directorate of Coast Guard has made a significant leap by deploying smart unmanned marine boats. These vessels perform continuous reconnaissance, track suspicious targets, assist search and rescue operations, monitor environmental threats, and enhance security in Kuwait's territorial waters without direct human control for extended durations. On traffic safety, Abu-Slaib reviewed amendments imposing harsher penalties for serious violations such as speeding and running red lights. Technological tools including artificial intelligence cameras and smart apps are used to enforce laws effectively. Since the new traffic law took effect on April 22, 2025, speeding and red-light violations have dropped by 83%, seatbelt and mobile phone infractions by 75%, and traffic-related deaths by 55%. The amendments also fostered a culture of road safety, reducing daily accidents from approximately 300 in 2024, 90% of which were caused by distractions. Finally, Abu-Slaib addressed the amendments to the Kuwaiti Flag Law issued on June 8, which safeguard the national symbol from misuse. The law prohibits raising foreign flags without a permit, except during international sports events in Kuwait. It also bans continuous display of the national flag on private buildings or commercial use, forbids raising the flag if damaged, and restricts flags or slogans with religious, sectarian, or tribal meanings, except for official sports club logos. The Ministry of Interior's multifaceted strategic plan underscores its commitment to safeguarding Kuwait's security, promoting justice, and supporting the nation's vision for 2035.
