Newest Chairman's Club Member

Newest Corporate Member - Small Enterprise

Join us for an educational event on the topic of the knowledge economy with Ron Young, is an expert in knowledge, innovation, as well as asset management. This event will entity how to be aligned with ISO knowledge management standards and will provide guidance on what different governments are doing in order to manage their knowledge assets.

Click to Register

100+ EXHIBITORS | 3500+ BRANDS | 20+ INT'L EXPERTS

HORECA Kuwait is the country’s largest B2B hospitality and food service exhibition. It brings together leading companies in the hospitality and the food-related sector to showcase the latest products, services, and technologies to a discerning audience of professionals. With hospitality being the fastest-growing market in Kuwait, HORECA prides itself on providing a valuable meeting place for people to network and do business.

Click to Register

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)

Recent events 1.jpg

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 be addressed different industries, and upcoming opportunities. Read more

February 8: AmCham Kuwait and the U.S. Embassy's Commercial Section hosted their quarterly event on ‘How to do Business with the U.S. Military’. The U.S. Military held presentations on the topic of drafting proposals, validating requirements, accessing major contracts, how to validate requirements and other opportunities. They also spoke about the new badging system for the bases. This quarterly series touches upon different scopes of doing business with the U.S. military and allows vendors to further understand the requirements of successfully obtaining and executing projects according to U.S. Military standards. Read more

February 13: Kuwait Resources House and AmCham Kuwait organized an all-day panel and workshop under the umbrella of the ISOA in sponsorship of KRH and Amentum. The panel discussions tackled the topics of digitization and cybersecurity, women in leadership, business opportunities in the US/Kuwait as well as combatting human trafficking. We would like to thank each and every panelist for providing us with your insights, and we thank the attendees for making the event a success. We would like to also give special thanks to Kuwait Resources House for being such a great partner and look forward to more collaborations in the near future. Read more

February 20: The American Chamber of Commerce in Kuwait officially signed a Memorandum of Understanding with INJAZ Kuwait which signifies the beginning of a partnership that will support the increase of entrepreneurship in Kuwait. This MOU seeks to facilitate and strengthen the dialogue between the private sectors, by enabling each entity’s members and entrepreneurs to be part of different initiatives that will ultimately create a more resilient and diversified economy. We look forward to our partnership and collaboration! Read more

February 25-26: The Conference which comes almost two years into the pandemic showcased opportunities for inter-regional cooperation, and investments in specific sectors that have been advanced by the health crisis, as well as highlighting the important issues of economic diversity and sustainable development. Read more


Click here to download the AmCham MENA Report

ABK.jpg

ABK Announces Net Profit Growth of 19% in 2022


Al Ahli Bank of Kuwait (ABK) reported a net profit of KD 32.3 million in the financial year 2022. The increase in the net profit compared to the same period in 2021 was 19%. Net operating profit rose by 10% to a total KD 90.1 million, and earnings per share were 14 fils, compared to 12 fils the previous year. Total assets grew by 14% to KD 6.4 billion, customer deposits by 13% to KD 4.4 billion, and the loan portfolio increased by 19% to reach KD 4.04 billion. Read more...

Insights on Entrepreneurship 


On February 9, 2023, AIU hosted guest speakers Abdulrazzaq Al Attal and Dali Al Enezi on campus to provide valuable insights to students about their experience in working in the private sector in Kuwait and starting a business from scratch. 


Mr. Abdulrazzaq Al Attal spoke to the students about working in the private sector versus the public sector in Kuwait. Read more...

AUK Hosts TEFL Kuwait Interdisciplinary Multidisciplinary Conference 2023


AUK hosted the Teaching English as a Foreign Language (TEFL) interdisciplinary multidisciplinary conference that explored innovation, integration, and digital transformation through education. 

 

The TEFL Kuwait International Conference brought together experts in language, education, business, and technology to discuss recent innovations, trends, challenges, and solutions to matters in language, education, business, and technology. 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 classificationRead more...

Amideast and Boeing host aerospace workshops for kids in Kuwait


Amideast and Boeing have successfully completed a series of aerospace workshops for children in Kuwait. Thirty kids ages 8-12 attended the STEM (science, technology, engineering and mathematics) course in January-February 2023.


The program has contributed to the implementation of Kuwait’s National Development Plan and New Kuwait 2035 Vision by enhancing youth educational and critical thinking skills. Read more...

Cisco and NEC to Bring 5G Connectivity and Automation to Networks Across the Globe


SAN JOSE, Calif., and TOKYO, Japan, February 22, 2023 — Cisco and NEC Corporation (NEC; TSE: 6701) today announced plans to expand their collaboration efforts to include system integration solutions and potential opportunities in 5G xHaul and private 5G to help customers transform their architecture and connect more people and things.


End-to-End 5G xHaul Automation 

Cisco and NEC have expanded areas of collaboration under their Global Systems Integrator Agreement (GSIA) with augmented solutions for scalable 5G xHaul transport networks...Read more...

Cigna Evolves Brands to Reflect Growing Portfolio


Bloomfield, Conn., Feb. 13, 2023 – Cigna Corporation is evolving the company’s brands to reflect its growing portfolio of businesses and best serve its customers and clients.


The new holding company name is The Cigna Group (NYSE:CI). The Cigna Group is a global health company committed to improving health and vitality. The company and its businesses employ more than 70,000 people and maintain sales capabilities in more than 30 countries and jurisdictions. This brand evolution marks an important milestone in the company’s 230 year history, as it continues to grow, strengthen and expand to serve more people around the world. Read more...

Dell Partners Across Telecom Ecosystem to Solve Industry Challenges


Communication service providers (CSPs) embracing open technologies are poised to capture massive opportunities but face complex barriers to technology adoption. Dell Technologies is doubling down on its commitment to simplify today’s disaggregated telecom landscape and serve as a unifying force in the telecom industry through the introduction of the Dell Open Telecom Ecosystem Community. 


The community brings together telecom partners and CSPs, leveraging the Dell Open Telecom Ecosystem Lab, to deliver open telecom solutions to market more quickly. Read more...

Del Monte returns to Gulfood 2023


Dubai, United Arab Emirates: With its commitment to inspire healthy lifestyles and offer superior value, Fresh Del Monte is returning to Gulfood 2023, the largest food exhibition for suppliers and manufacturers.


Gulfood’s 28th edition, held at Dubai World Trade Center Centre from 20 – 24 February, aims to enhance the focus on sustainability and food costs and continue the shift towards more sustainable food production and consumption. Read more...

Four Seasons Hotel Kuwait at Burj AlShaya becomes Kuwait's First and Only Forbes Five-Star Hotel


Four Seasons Hotel Kuwait at Burj Alshaya has been awarded the Forbes Five Star Award for both its Hotel and Spa operations, becoming the first and only property in Kuwait to achieve the coveted international accolade.



Launched more than 60 years ago, Forbes is the only independent global rating system for luxury hotels, restaurants and spas. Based on an assessment of 900 objective standards, Five Star properties are defined as “outstanding, often iconic properties with virtually flawless service and amazing facilities.”

Read more...

Hill International to provide program General Engineering Consultant support for Washington State Ferries' System Electrification Program


KUWAIT CITY, Jan 30: Capt Maryam Hani Ahmad Al-Turki, 23 years old, piloted the plane alone, rising to embrace the sky, declaring herself the third Kuwaiti to obtain a pilot’s license, after graduating from the L3Harris Aviation Academy with distinction from Britain. Al-Rai contacted Captain Maryam, who was expected to arrive in the country Sunday evening from Britain, confirming her success and distinction in the field that she loved since childhood and proved that Kuwaiti women are able to prove themselves in various political, economic, cultural and sports fields, in addition to their superiority in the field of aviation expressing her happiness in serving her country and flying alone. Read more...

Lockheed Martin, Juniper Networks Demonstrate Mission-Aware Routing Technology For Department Of Defense


In an industry first, Lockheed Martin and Juniper Networks successfully demonstrated mission-aware routing technology that will streamline and prioritize the flow of critical information from contested, remote environments to commanders stationed around the globe by connecting Lockheed Martin and Juniper products to create a hybrid software-defined wide-area network (SD-WAN) solution.


The companies demonstrated two key advances in technology that can provide critical applications for the Department of Defense (DOD): Read more...

Microsoft sees ‘new day’ in war over AI search


REDMOND, Washington:  Microsoft’s long-struggling Bing search engine will integrate the powerful capabilities of language-based artificial intelligence, CEO Satya Nadella said on Tuesday, declaring what he called a new era for online search. “It’s a new day for search… The race starts today,” Nadella said at a launch event, marking the start of what Microsoft hopes will be an unprecedented challenge to Google’s two-decade dominance of the search engine market, using the technology created by the developers of AI bot ChatGPT. Read more...

NOV introduces the Modular Service and Operations Vessel concept


The MSOV concept is a collaboration across NOV's Marine and Construction business unit. To introduce the concept, an MSOV design was developed based on GustoMSC's Enhydra MSOV design. Our vessel design offers an extensive and flexible deck layout to integrate mission equipment from our Lifting and Handling group and Remacut to maximize capability, workability, and endurance. Read more...

Raytheon to highlight advanced defence solutions at IDEX


Raytheon Technologies, the world’s largest aerospace and defence company, is set to showcase its latest capabilities at the UAE’s premier International Defence Exhibition and Conference (Idex) from February 20 to 24, 2023.


Under the theme of ‘Smarter Defence Systems’, Raytheon Technologies will demonstrate new opportunities for operational success to create a safer world through its advanced defence technologies. Read more...

Shell completes acquisition of renewable natural gas producer Nature Energy


By purchasing the shares in Nature Energy, Shell has acquired the largest producer of renewable natural gas (RNG) in Europe, its portfolio of operating plants, associated feedstock supply and infrastructure, its pipeline of growth projects and its in-house expertise in the design, construction, and operation of innovative and differentiated RNG plant technology.

This acquisition supports Shell’s ambitions to build an integrated RNG value chain at global scale and to profitably grow its low-carbon offerings to customers across multiple sectors. Read more...

Viatris Announces Appointment of Scott A. Smith as CEO Effective April 1, 2023


PITTSBURGH, Feb. 27, 2023 /PRNewswire/ -- Viatris Inc. (NASDAQ: VTRS), a global healthcare company, today announced that as it prepares to enter Phase 2 of its previously announced strategic plan in 2024, Scott A. Smith has been appointed by its Board of Directors to lead the execution of that plan as Viatris' new Chief Executive Officer, effective April 1, 2023. In the interim, current CEO Michael Goettler will be working closely with Smith to support a smooth transition and will then depart as CEO and as a member of the board. Read more...

Zain Kuwait, ZainTech, and Microsoft collaborate to launch the National Cloud Initiative, empowering organizations in the country


Zain Kuwait, the leading digital service provider in the country, and ZainTech, the one-stop digital and ICT solutions powerhouse of Zain Group, announce a joint collaboration initiative with Microsoft to introduce a national cloud offering for public and private sectors in the country.


All three entities have impressive cloud offerings regionally, and this latest alliance will see the development of a cloud environment combining Microsoft's extensive portfolio, Zain's private cloud infrastructure, and ZainTech’s expertise, enabling data and applications to be shared between them. Read more...

Announcements Banner.jpg

Kuwait’s budget surplus is likely to stabilize around KD 5 billion


KUWAIT: By the end of February 2023, the 11th month of the current fiscal year 2022/2023 ended with the monthly average price of Kuwaiti oil reaching $83.2 per barrel. It is $3.2 or 4 percent higher than the new hypothetical price of $80 estimated in the current budget ($65 before adjustment) and $38.2 higher than the average hypothetical price of $45 for the past fiscal year. Read more...

Media personnel tour helicopter air assault school at Camp Buehring


KUWAIT: The US Army organized a visit for local media personnel to attend soldier training of the helicopter air assault school at Camp Buehring on Thursday, as part of a ‘Day in the life of American soldiers in Kuwait’ tour. The tour was led by 1st Lieutenant Austin May, Public Affairs Officer for the US Army (ASG-KU), while trainer SSG Fa’aumu Sekonaia of Mobile Training Teams (MTT) gave a statement explaining the air assault training phases. Read more...

Kuwait Manpower Authority launches worker’s smart ID


KUWAIT: The Public Authority for Manpower launched the “worker’s smart ID” through the Kuwait Mobile ID app which, according to a press statement Tuesday, “protects Kuwaiti families from manipulation and cheating” by allowing them to verify whether a worker they hire to do any housework is qualified or not. Read more...

Linking MOH and MOI for issuing Good Conduct certificate


KUWAIT CITY, Feb 27: Director of the Special Contracts Department at the Ministry of Health Maryam Al-Shehab announced coordination with the Ministry of Interior for establishing an electronic link between the two ministries for the issuance of “Good Conduct” certificate for the new recruits from the medical, technical and nursing cadres who were contracted externally, reports Al-Anba daily. Read more...

Amir congratulates citizens, and residents on national days


KUWAIT: HH the Amir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah on Sunday congratulated Kuwaitis and residents on the country’s 62nd National Day and 32nd Liberation Day. HH the Amir highly appreciated the overwhelming feelings displayed by citizens and residents during the festivities held to mark the dear national occasions, well-organized nationwide by various official and private bodies. They have formed a “national epic” reflecting loyalty to the nation and crystalizing a “cohesive Kuwaiti family”. Read more...

Tender launched for construction and maintenance of road works.


KUWAIT CITY, Feb 21: Minister of State for National Assembly Affairs and Minister of State for Housing and Urban Development Ammar Al-Ajmi announced the launch of the tender for the construction, completion and maintenance of road works and main infrastructure project for the south of Saad Al-Abdullah Residential City on February 23. Read more...

Kuwait, US and UK forces hold ‘Liberation 2023’ military drill


KUWAIT: The joint military drill (the Liberation 2023) among Kuwait land forces, the US Spartan force and the Queen’s Dragoon Guards (QDG) ended on Thursday. The drill began on February 19 in the northern military base of Adare’e. In a statement, Kuwait’s General Staff of the Armed Forces said the drill is aimed at developing the joint planning, unifying concepts and achieving openness to raise combat readiness and the training level in order to enhance joint military cooperation between the Kuwaiti armed forces, and friendly American and British forces. Read more...

MoH has no plans to cancel expat med fees


KUWAIT: The health ministry has no intention of backing away from the decision to impose fees on expats for receiving medicines, as it sees it is necessary to regulate mechanisms behind dispensing medicine and supervising it.


“There are other decisions regarding expatriate patients that will be taken soon, including designating health assurance hospital for expatriates and not receiving them in government hospitals by next year for workers in the private sector. Read more...

Dhaman announces completion of health system facilities


KUWAIT CITY, Feb 15: Chief Executive Officer (CEO) of Dhaman Hospitals Company Thamer Arab has confirmed the completion of the construction of Dhaman Health System at the opening of Dhaman Hospital in Jahra Governorate recently. He said Dhaman has fulfilled the construction requirements as part of preparations for operation and to start serving the beneficiaries. He pointed out: “Without a doubt, Dhaman’s operation of its system — which provides a new and advanced model in healthcare through its multiple facilities — is a step in the right direction. It aims to reduce the burden of the government’s budget and to give the private sector an opportunity to be an active partner. It will reduce pressure on the Ministry of Health and this will be reflected in the quality of health services offered to Kuwaiti citizens. Read more...

Side by side … an echo of courage sealed with the blood of our sons


32 YEARS ago, Saddam Hussein’s Iraq unjustly invaded Kuwait, imposing the horrors of war upon the peace-loving state of Kuwait. International outrage and action followed, reflected in the seminal comment by American President George H.W. Bush declaring that “this aggression will not stand.” People everywhere saw Kuwaitis suffering under the authoritarian regime Saddam Hussein created in this proud, prosperous country – echoes that we see today in Russia’s unjust invasion of Ukraine. Read more...

Widespread virus affecting companies and individuals in Kuwait


KUWAIT CITY, Feb 22: An information security expert and Head of the Cybersecurity Committee at the Kuwait Electronic Media Union Muhammad Al-Rashidi warned against a spreading virus, which is a ransomware link claiming to be a video clip of scenes of the earthquake that recently struck Turkey and Syria, revealing that a number of Kuwaiti companies have fallen victim to this virus, and sums have been requested in order to decode its encryption, reports Al-Rai daily. Read more...

Sheikha Naeema praises Kuwaiti women’s role


ABU DHABI, Feb 21: Sheikha Naeema Al-Ahmad Al-Jaber Al-Sabah praised Kuwaiti women’s role through their participation in different fields, achieving sustainable growth and to keep pace with the economic, social and political variations. This came in a statement by Sheikha Naeema to KUNA, on the sidelines of the inauguration of Women Global Summit 2023 in Abu Dhabi, where she represented Kuwaiti Women. It is not strange that Sheikha Fatima bint Mubarak sponsored this summit, noted Sheikha Naeema, adding that she is the main supporter of Emirati women. Read more...

110 projects to be implemented at KD 837m during fiscal ’23/’24


KUWAIT CITY, Feb 12: Official figures issued by the Ministry of Finance revealed the inclusion of about 110 development projects planned during the fiscal year 2023-2024 at a total cost estimated at 837.2 million dinars. The document, a copy of which has been obtained by Al-Qabas daily, revealed that 55 projects of ministries and government departments expected to start implementation at a total cost of 264 million dinars, the share of construction projects is 235.2 million dinars, while about 44 projects are included in the budgets of social and economic services at a cost 259.5 million dinars, while the number of public services and defense budget projects are 11, at a cost of 4.9 million dinars, all of them nonconstruction. Read more...

Kuwait Oil Company awards $176 million maintenance contracts


Kuwait Oil Co (KOC) has awarded two local companies contracts to provide maintenance services for key oil facilities with a combined value of around $176.2 million, Zawya Projects reported, citing a report from Arabic language daily Alanba. 


KOC, which manages the OPEC producer’s upstream industry, awarded a 74.6 million maintenance service contract for its facilities in South and East Kuwait to Bader Almulla and Brothers Co. Read more...

Announcements Banner - US News.jpg

U.S. Department of Education Announces More Than $188 Million from the Bipartisan Safer Communities Act to Support Mental Health and Student Wellness


Today, the U.S. Department of Education (Department) is announcing awards of more than $188 million across 170 grantees in over 30 states to increase access to school-based mental health services and to strengthen the pipeline of mental health professionals in high-needs districts. With funding provided by the Bipartisan Safer Communities Act (BSCA), these investments help advance the President’s Mental Health Strategy, which directly implements his Unity Agenda priority to tackle the mental health crisis in our school communities. These grants will enable communities to hire approximately 5,400 school-based mental health professionals and train an estimated 5,500 more to build a diverse pipeline of mental health providers in schools. Read more...

USDA Invests More than $48.6 Million to Manage Risks, Combat Climate Change


WASHINGTON, Feb. 21, 2023 – The U.S. Department of Agriculture (USDA) will invest more than $48.6 million this year through the Joint Chiefs’ Landscape Restoration Partnership for projects that mitigate wildfire risk, improve water quality, restore forest ecosystems, and ultimately contribute to USDA’s efforts to combat climate change. This year, the USDA Forest Service and Natural Resources Conservation Service (NRCS) will invest in projects, including 14 new projects, bringing together agricultural producers, forest landowners, and National Forest System lands to improve forest health using available Farm Bill conservation programs and other authorities. Read more...

Contracts For Feb. 27, 2023


NAVY

A&R Pacific Garney Federal JV,* Tamuning, Guam (N62473-23-D-1401); Baldi Bros Inc.,* Beaumont, California (N62473-23-D-1402); Barnard Construction Company Inc., Bozeman, Montana (N62473-23-D-1403); BCSS LLC,* Carrollton, Georgia (N62473-23-D-1404); CJW Construction Inc.,* Santa Ana, California (N62473-23-D-1405); Flatiron West Inc., San Diego, California (N62473-23-D-1406); Heffler Contracting Group,* El Cajon, California (N62473-23-D-1407); Reyes Construction Inc., Pomona, California (N62473-23-D-1408); RQ-Orion JV, Carlsbad, California (N62473-23-D-1409); and R.C. Construction Co., Inc., Greenwood, Mississippi (N62473-23-D-1410), are awarded a combined $1,000,000,000 firm-fixed-price, indefinite-delivery/indefinite-quantity contract for new construction, renovation and repair of various heavy horizontal and civil engineering construction projects at various government installations located in California, Arizona, Nevada, Utah, Colorado and New Mexico. Read more...

Share

Interior Department Proposes First-Ever Offshore Wind Sale in Gulf of Mexico



WASHINGTON — In another step by the Biden-Harris administration to grow America’s clean energy economy, the Department of the Interior today is proposing the first-ever offshore wind lease sale in the Gulf of Mexico. The announcement is part of the Administration’s  latest actions to expand offshore wind opportunities to more regions of the country, building on investments in the President’s Inflation Reduction Act and Bipartisan Infrastructure Law to spur offshore wind deployment and create good-paying jobs for American workers. Read more...

ServiceNow brings DLA financial agreement functions together


FORT BELVOIR, Va.  –  A new capability in ServiceNow will help streamline agreement processes and reporting requirements for interagency financial transactions at the Defense Logistics Agency.


The tool will be a one-stop shop for agreements for the Treasury Department’s G-Invoicing system and other documents such as memorandums of understanding, memorandums of agreement, and state and local government agreements, said Max Walens, head of DLA’s G-Invoicing Center of Excellence. Read more...

images1ELIE6AL.png

Click here to view all offers and discounts for ABCK-AmCham Kuwait members

Chairman’s Club Members

ABK.jpg
AIS.png
Cadillac new logo.jpg
CISCO - Web.png
Crowne Plaza ATC - Logo web.jpg
DMLC Logo.jpg
DMLC Logo.jpg
Dell Technologies - Web.jpg
Easa Yousifi Logo - New Web.jpg
GAC web.png
GOFSCO Company Logo.jpg
Honeywell.jpg
krh_new.jpg
KGL T New Logo.jpg
Raytheon Logo New - Front.jpg
Raytheon Technologies.png
Raytheon Logo New - Front.jpg
Sultan Center Logo.png
Venice KMGC - Copy.jpg
Viatris.jpg
Zain black.jpg

ABCK-AmCham Kuwait Job Center


ABCK-AmCham Kuwait volunteer positions are available. Click for more details


Send us the jobs you would like for us to share on our website. For more details, contact communications@amchamkuwait.org

Social Media Banner.jpg
Facebook  Instagram  LinkedIn  Twitter  YouTube