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Austrian trade delegation in Kuwait to explore new investment opportunities

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Delegation chief seeks strategic partnerships aligned with ‘Kuwait Vision 2035’

KUWAIT: A high-level Austrian trade and business delegation arrived in Kuwait on Monday with the aim of revitalizing longstanding bilateral cooperation and fostering new investment opportunities in alignment with Kuwait’s Vision 2035. Led by Dr Werner Fasslabend, President of the Austro-Arab Chamber of Commerce, the delegation highlighted a range of potential investment avenues in Austria – particularly in renewables, healthcare, tourism, and technology – during a reception hosted by Austrian Ambassador to Kuwait Ulrich Frank at his residence.

Dr Fasslabend noted that Kuwait’s Vision 2035 offers unique prospects for businesses in both nations to grow and realize shared objectives. The delegation includes representatives from 22 Austrian companies active in strategic sectors such as healthcare, investment, renewable energy, firefighting technologies, construction, oil and gas, and tourism. Ambassador Frank, praising the robust Austria-Kuwait relationship, expressed confidence that the visit would strengthen the already solid foundation of economic collaboration.

Sheikh Mubarak Abdulla Al-Mubarak Al-Sabah, Chairman of the Kuwait-Austria Business and Friendship Association (KABFA), attended the reception as the guest of honor. He emphasized Austria’s advancements in infrastructure and technology and stressed the importance of building trust in business relations. “Business is a product of human relationships, and human relationships are built not only on familiarity but also on trust,” Sheikh Mubarak Al-Sabah said.

Speaking to Kuwait Times on the sidelines of the event, Dr Fasslabend underscored the significance of the visit, stating that the Austro-Arab Chamber of Commerce is keen on identifying specific opportunities in Kuwait, particularly for small and medium-sized enterprises. “There are many similarities between Kuwait and Austria – both in size and strategic positioning, as well as in the structure of their business sectors,” he said. “Austria brings added value, especially with its high standards in technology.”

He also lauded Kuwait’s recent strides in technological advancement. “Thirty years ago, few would have predicted the level of progress Kuwait has achieved,” Dr Fasslabend remarked, highlighting the countries’ shared development trajectories. In response to a specific question, he said: “Kuwait’s Vision 2035 is a comprehensive blueprint for national development and presents an excellent opportunity for collaboration. Austria, with its strengths in renewable energy, healthcare, tourism, and infrastructure, is well-positioned to partner with Kuwait in realizing this vision.”

Tourism potential

Dr Fasslabend described Austria as one of the world’s leading tourist destinations, renowned for its hospitality industry and high-end hotels. “Tourism is a sector where we see great potential for partnership with Kuwait,” he said, noting that over 10,000 Kuwaitis visited Austria in 2024. “The bilateral trade and investment volume between the two countries reached approximately €150 million last year,” he added. “This reflects positive growth in trade relations, and there is ample room to expand our collaboration further. It’s a mutual goal that Kuwait and Austria can strive toward together.”

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Iran Embassy opens condolence book to honor victims of Zionist aggression

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KUWAIT: The Embassy of the Islamic Republic of Iran in Kuwait opened a condolence book, on Monday, to honor the victims of the recent aggression against Iran. The event was attended by officials, ambassadors, and media. Iranian Ambassador to Kuwait Mohammad Toutounchi expressed his appreciation for the positions of the Gulf Cooperation Council (GCC) countries, especially Kuwait, regarding the recent events, noting that Kuwait’s Foreign Minister had called his Iranian counterpart in a gesture that reflects the strength of bilateral relations, describing the presence of ambassadors at the embassy as “Noteworthy and Positive.”

The ambassador said in a statement that his country endured twelve days of intense aggression by the Zionist entity, joined by the United States in the final two days, explaining that Iran faced simultaneous attacks from countries equipped with nuclear capabilities and advanced technology, backed by NATO. He emphasized that the planners of this aggression had expected Iran to collapse within days. However, “The unity of the Iranian people inside and outside the country formed a formidable barrier.” He added that US intervention came only after ten days of failed efforts to achieve any ground breakthrough.

Toutounchi revealed that the number of victims exceeded 620 martyrs, with more than 5,356 wounded, including 13 children and 43 women, some of whom were pregnant, adding “Seven hospitals, six health centers, and dozens of ambulances were destroyed. These martyrs cannot be replaced whether they were children, military leaders, or academics, calling for the Zionist entity and the United States to be held accountable before international bodies to prevent such crimes from recurring.

Regarding Iran’s nuclear program, the ambassador reiterated Iran’s commitment to the Nuclear Non-Proliferation Treaty (NPT), pointing out that the country’s nuclear program, which represents less than 3 percent of global peaceful nuclear activities, has undergone over 23 percent of international inspections. He argued that this high inspection rate indicates no deviation toward military objectives.

He disclosed that Iran had recently agreed to five rounds of indirect negotiations aimed at reviving the diplomatic track and ensuring the peaceful nature of its nuclear program. He also stressed that Iran’s response against US military and intelligence bases in Qatar was a legitimate act of self-defense and was not directed at any neighboring countries, affirming Iran’s full respect for their sovereignty. He noted that Iran had communicated with Qatari leadership to clarify its position, stating that military bases in neighboring countries used by US forces cannot be considered safe havens for launching attacks.

Meanwhile, the Iraqi Ambassador to Kuwait Al-Manhal Al-Safi expressed his deep gratitude to Kuwait’s leadership, government, and people for facilitating the return of over 3,000 stranded Iraqi citizens by issuing more than 3,500 transit visas in just 12 days. The Iraqi ambassador affirmed his country’s full solidarity with Iran and condemned the aggression, revealing that Zionist aircraft had breached Iraqi airspace, prompting Baghdad to file an official complaint with the UN Security Council.

In the same context, the Sudanese Ambassador to Kuwait Awadal-Karim Al-Rayah Balla offered his condolences to Iran, describing the incident as “A blatant and unacceptable attack.” He called for regional unity to confront shared challenges, emphasizing that the targeting of Iran threatens all free peoples in the region. He urged a joint response to protect stability and to revive the Palestinian cause as a priority. The Sudanese envoy also pointed to the double standards in the international system, calling for crises to be addressed through international legitimacy rather than the imposition of forceful agendas.

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Exit permit now mandatory for expat workers

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KUWAIT: A decision mandating expatriates working in the private sector to obtain an exit permit with the prior approval of their employers comes into effect on Tuesday, July 1, 2025. Employees need to apply through the Sahel app or the Public Authority of Manpower’s website. The employer must then approve the request online before the authority issues the permit. The decision applies to private sector employees who have residency under article 18. Those who have article 19 residency – self-sponsored – are not required to obtain the exit permit.

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410 students benefit from Educational Care Bank project

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KUWAIT: Al-Safa Charitable Society announced that 410 students across various educational stages have benefited from the Educational Care Bank project for the 2024-2025 academic year. The initiative, implemented in collaboration with the General Secretariat of Endowments, provided a total of KD 100,000 (approximately $330,000) in educational support within Kuwait. Chairman of Al-Safa’s Board of Directors Mohammad Al-Shaya said in a press statement on Monday that the project reflects a shared commitment to supporting future generations by creating an educational environment free from financial obstacles. He emphasized that the initiative also aims to alleviate the financial burden faced by low-income families amid ongoing economic challenges.

Al-Shaya praised the General Secretariat of Endowments for its continued sponsorship of impactful and innovative projects that serve the community, particularly those focused on education. He noted that the Secretariat’s support for this program underscores its strong belief in education as a cornerstone for societal advancement and sustainable development. He added that Al-Safa Charitable Society, through this partnership, seeks to nurture a knowledgeable and responsible generation capable of contributing meaningfully to national development. The project, he explained, targets students who face difficulty in paying tuition fees, reaffirming the association’s belief in the right to education for all—without discrimination or financial barriers. — KUNA

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