The ABCK-AmCham Kuwait Board of Directors would like to recognize and thank Esra Cavdarli Menke for all her amazing contributions and leadership to ABCK as the Executive Director on her departure. Most, if not all of the ABCK family know Esra personally, and knows she was truly the backbone of our organization. Her selflessness and dedication to ABCK was unparalleled, and directly reflects in the amazing organization we have become today. ABCK wishes Esra only the very best in health, happiness and her future endeavors, she will be missed.
 
ABCK is very fortunate to have Paola De La Roche now be serving as our Acting Executive Director as we continue to provide world-class support, promotion and advocacy for our amazing business community.

Sincerely,
ABCK-AmCham Kuwait Board of Directors
Newest Chairman's Club Member
Fortinet (NASDAQ: FTNT) secures the largest enterprise, service provider, and government organizations around the world. Fortinet empowers its customers with intelligent, seamless protection across the expanding attack surface and the power to take on ever-increasing performance requirements of the borderless network—today and into the future. Only the Fortinet Security Fabric architecture can deliver security without compromise to address the most critical security challenges, whether in networked, application, cloud, or mobile environments. Fortinet ranks number one in the most security appliances shipped worldwide and more than 500,000 customers trust Fortinet to protect their businesses. Learn more...
Newest Corporate Member
Al Mufid Pharmaceutical & Foodstuff Co.(Al-Mufid) is one of the well-established leading distributor in Kuwait, representing renowned multinational and consumer companies. Over the years of activity, it has built a legacy of trust and excellence and has become an innovative solutions provider in the Pharmaceutical, Nutritional, consumer Healthcare, and FMCG products field for its clients in the Kuwaiti market.
AMCHAM KUWAIT AND WEFAQ CONSULTANCY HOST REGIONAL TAX SEMINAR.
 
Kuwait City, March 31: ABCK-AmCham Kuwait hosted a Tax Seminar for US Citizens Overseas in collaboration with Wefaq Consultancy Group by Dr. Nabeel Alexander, Consultant for Wefaq Consultancy Group. The virtual seminar was organized with the support of other GCC AmChams: AmCham Qatar, AmCham Bahrain, AmCham Oman, and AmCham Saudi Arabia. The seminar started off with opening remarks by Frank Belonus, the Chairman of ABCK-AmCham KUwait, as he welcomed the participants and introduced Dr. Alexander. Read more...

WOMEN IN LEADERSHIP: SECRETS TO SUCCESS

ABCK-AmCham Kuwait’s Women in Business Focus Group hosted a virtual panel discussion on “Women in Leadership: Secrets to Success.” The panel discussion was led by Her Excellency Alina L. Romanowski, U.S. Ambassador to the State of Kuwait, Mrs. Eaman Al Roudhan- CEO of Zain Kuwait, Ms. Khadija Oubala- CEO of the Sultan Center Group, and Dr. Abeer Al Omar- Senior Executive Corporate Communications & Government Affairs at EQUATE Petrochemicals Company. The panel discussion was moderated by Dr. Arezou Harraf, Chair of the Women in Business Focus Group and CEO of Learn & Evolve.

Wefaq Economic and Management Consulting has been accredited by the Kuwait Direct Investment promotion authority

Kuwait's government has submitted a draft law to parliament requesting permission to withdraw as much as 5 billion dinars ($16.5 billion) a year from the country's sovereign wealth fund, according to two people familiar with the matter. Click to read more
Drive-thru vaccination station near complete

KUWAIT: As Kuwait fights to tighten its grip on the growing COVID-19 infection rates, works are ongoing to prepare a drive-thru vaccination station on the southern island of the Sheikh Jaber Al-Ahmad Al-Sabah Causeway, which the government is setting up in hopes of speeding up the vaccination process against the disease. Click to read more
Foreign experts to develop the tax system in Kuwait


The Ministry of Finance continues to install and operate the integrated tax management system and ITAS electronic services, despite a massive wave of rejection and disapproval of draft laws related to imposing taxes and increasing fees included in the government’s work program, Al Qabas reported. Click to read more
Kuwait welcomes OPEC+ deal, stresses continued cooperation

KUWAIT: Minister of Oil Mohammad Al-Fares extolled the successful meeting of OPEC+, affirming the importance of continuing cooperation to restore market balance. The positive developments of the last period contributed to a noticeable improvement in oil market situation that reflected on expectations to improve demands in light of the spread of coronavirus and distribution of vaccines, Al-Fares, who also doubles as Minister of Higher Education, said in a statement carried... Click to read more
Curfew may continue through Ramadan

KUWAIT: Head of the Coronavirus Higher Advisory Committee Dr Khaled Al-Jarallah said that COVID-19 transmission is still high in all governorates, while the curfew and social distancing are allegedly “not being observed.” As a result, it is possible that the curfew may continue during Ramadan.
Public sector Ramadan work hours no more than four and half hours

KUWAIT: Working time at public sector departments during the holy month of Ramadan should not exceed four and a half hours, the Civil Service Commission (CSC) announced in a circular yesterday.
The Future Work Environment: AFRC mapping out a tomorrow highlighted by more alternative workspace arrangements

Before the COVID-19 pandemic hit in early 2020, Air Force Reserve Command was dipping its toes into the pool of telework work and other alternative workspace arrangements. The pandemic pushed the command into the deep end, forcing AFRC to immediately shift to a work-from-home business model. click to read more..
DOE Announces $29 Million for Ultramodern Data Analysis Tools

WASHINGTON, D.C. — The U.S. Department of Energy (DOE) today announced $29 million to develop new tools to analyze massive amounts of scientific information, including artificial intelligence, machine learning, and advanced algorithms. All have the potential to reveal critical new insights—and even new discoveries—in research that can help tackle clean energy, climate, and national security challenges for the American people.Click to read more...
AUK signed an articulation agreement with Algonquin College which will allow credit transfer and pursuance of a bachelor degree.  Read more...
We’re thrilled to highlight that our largest pineapple farm is certified carbon neutral. Put simply, that means we work hard to ensure the farming process adds no net greenhouse gases in the earth’s atmosphere. Read more...
Fortinet Enhances Students’ Cybersecurity Awareness and Safety with Availability of Free Training and the Release of a New Children’s Book. Read more...
Hyatt Regency Al Kout Mall has been featured in the March 2021 issue of LUXURY LANDINGS. Read more...
Report: Can domestic innovation boost Kuwait's Covid-19 recovery prospects? Read more...
Kuwait: The Sultan Center Group (TSC), the leading grocery food retailer, has signed distribution agreements with Sainsbury's, the UK-based supermarket chain. Under the agreements TSC will import, sell and distribute a wide range of Sainsbury’s branded products at TSC stores in Kuwait, Jordan, and Oman starting July, 2021. Read more...
Forging the future: Looking back to move forward


Welcome to the inaugural Turnaround, Restructuring & Insolvency focus edition of Law Update.

As a result of the COVID-19 Pandemic, many businesses throughout the region have struggled to varying degrees. It is still unclear to what effect our MENA-based businesses will suffer long term commercial effects, but we are sure to see lingering effects at various levels for years to come. In addition, the legal regimes in the region have continued to introduce more advanced insolvency laws and regulations to handle these developments. Read more...
Chairman’s Club Members
ABCK-AmCham Kuwait Job Center

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