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NBK ‘the Diamond Sponsor’ for Kuwait Sustainable Energy Week Conference

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KUWAIT: In continuation of its leading and responsible efforts in the field of sustainability, National Bank of Kuwait was the diamond sponsor for “Kuwait Sustainable Energy Week” conference, which will be held from 11 to 13 May, in line with Kuwait spearheading the Board of Trustees of the Regional Renewable Energy and Energy Efficiency. Through this sponsorship, NBK confirms its commitment to supporting initiatives of sustainability and efforts of clean energy transformation in Kuwait and the region. Several government institutions and leading private sector companies participated in this conference, further echoing the national cooperation towards achieving a more sustainable future.

NBK’s sustainability team participated in a discussion panel titled “Accelerating Sustainability through Green Projects and Businesses” to highlight the bank’s leadership in green projects and its continuous efforts to fully integrate sustainable practices within its operations and institutional culture, further contributing to achieving sustainable development as per international practices.

The conference aimed to strengthen regional cooperation in essential fields such as research and development, advanced technologies in renewable energy sectors, energy efficiency, sustainable energy applications, in addition to the latest environmental technology tools. Moreover, it aimed to shed light on the most recent national innovations and initiatives in the fields of energy, water, and the environment, and enhance fruitful cooperation with international organizations, prestigious scientific research centers, and leading energy companies.

The conference included in-depth workshops and discussions about the latest international developments in energy policies and the effective ways of contributing to developing strategies that further support clean energy transformation and sustainability goals in the region. It should be noted that this conference is a great platform for interactive exchange of ideas and innovative insights on clean energy transformation, which further enhances effective collaboration between the public and private sectors. As for the community, the conference raised awareness and encouraged innovation about using renewable and sustainable sources of energy and highlight its positive effect upon economic growth, such as attracting local and international renewable energy investments.

Many topics were explored in the conference, the most significant of which were policies that support investments in sustainable energy projects, ways of building a sustainable future for coming generations, the exchange of knowledge among participants, the latest international trends in clean energy transformation, and awareness and innovation in this field. NBK’s participation in this event reflects its commitment to boosting sustainable development and supporting a low-carbon economy in alignment with Kuwait Vision 2035 and international sustainable development goals, as it believes in the importance of the collaborative efforts of all sectors to achieve a safe and sustainable future for all.

The bank has come a long way in our sustainability and clean-energy transformation efforts, asit made remarkable progress in the four pillars of the bank’s environmental, social and institutional governance strategy which include Governance for Resilience, Responsible Banking, Capitalizing on Capabilities, and Investing in Communities. All these have contributed to enhancing NBK’s leading role in building a better and more sustainable future. Moreover, NBK is keen on cooperating with strategic partners to constantly support sustainable practices and promote Kuwait’s agenda for lowering carbon emissions and relying on renewable energy.

NBK emphasizes its commitment to long-term sustainable practices and low operational effects by implementing low-carbon and energy efficiency initiatives, as this has helped the bank move in the right direction towards achieving low operational emissions and ultimately carbon neutrality by 2060. It is noteworthy that NBK received several prestigious classifications from international institutions, which highlights its commitment to sustainability and governance, confirms its progress in integrating ESG standards in its core strategy, and enhances its leading role in implementing the best international practices.

On the sidelines of the conference, Dr Sabeeh Al-Mukhaizeem, Minister of Electricity, Water, Renewable Energy honored NBK in appreciation of its sponsorship of the “Kuwait Sustainable Energy Week” Conference, as well as its efforts in supporting sustainability initiatives, enhancing the future for upcoming generations, and effective contributions towards clean energy transformation locally and regionally.

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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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