Business
Burgan Bank Renews its Participation in AUK’s Annual Career Fair
KUWAIT CITY, Apr 26: Burgan Bank recently took part in the annual Career Fair hosted by the American University of Kuwait (AUK) alongside Kuwait’s top recruiters across numerous sectors and industries. As part of its robust human capital development strategy and steadfast efforts to advance Kuwait’s national calibers, Burgan representatives engaged with the event’s visitors in various conversations around the Bank’s employment and internship opportunities, while also promoting financial literacy and inclusion.
“AUK’s annual Career Growth Fair is anexcellent opportunity for our team to connect with and potentially recruit Kuwait’s young and talented individuals who aspire to build a career in banking and finance,” commented Mr. Abdulwahab Jamal Abdulraheem, Executive Manager – Talent Acquisition at Burgan Bank “Our renewed participation in this valuable event allowed us to be present among our community members, drawing us closer to them and enabling us to remain in tune with the market’s pulse and professional aspirations. This in-person proximity and rapport continue to fuel our efforts to develop our work environment and employment journey in a way that responds to talents’ evolving needs.”
Among the defining features of Burgan’s forward-looking and Great Place to Work-certified professionalenvironment is its dynamic learning and development (L&D) strategy, which caters to employees’ diverse needs, interests, and preferred learning styles. This includes the flagship L&D program Ro’ya, which invests in the Bank’s future leaders, as well as Entelaqah, designed to smoothly transition fresh graduates from the university experience to the dynamic professional world – in addition to a wide range of other bespoke L&D programs and schemes.
Besides introducing candidates to Burgan’s work experience and professional opportunities, the Bank’s representatives also shared vital banking awareness and financial literacy information with the event’s visitors, in line with its continued support of the “Let’s Be Aware” (Diraya) campaign – launched by the Central Bank of Kuwait (CBK) and Kuwait Banking Association (KBA), with the unanimous support of local banks.
It serves to note that Burgan Bank remainscommitted to its mission of becoming an employer of choice andstands among the leading institutions exerting dedicated efforts to realize the New Kuwait Vision 2035 goal of investing in national human capital and preparing Kuwaiti youth to become competitive and productive members of the community.
The Kuwait government approves tougher measures to tackle financial crimes.
KUWAIT CITY, June 30: Kuwait is intensifying efforts to combat money laundering and terrorist financing by enhancing its legislative framework, announced Minister of Finance and Minister of State for Economic Affairs and Investment Noura Al-Fassam on Monday.
The minister spoke in a statement issued by the Ministry of Finance following the publication of Decree Law No. (76) of 2025 in the official gazette, Kuwait Today. This decree introduces important amendments to Law No. (106) of 2013, reflecting Kuwait’s integrated government efforts to strengthen measures against financial crimes.
During the Cabinet meeting on June 17, the draft of the amended decree law was approved, underlining Kuwait’s commitment to raising the effectiveness of the national response to money laundering and terrorism financing. The amendments align with the requirements of the Financial Action Task Force (FATF) and relevant international standards.
The new decree law includes two significant amendments:
- Article One replaces Article (25) of Law No. (106) of 2013, empowering the Council of Ministers, upon the recommendation of the Minister of Foreign Affairs, to issue necessary decisions to implement United Nations Security Council resolutions related to terrorism, terrorism financing, and the proliferation of weapons of mass destruction under Chapter VII of the UN Charter. These decisions will take effect immediately upon issuance, consistent with Security Council Resolution No. 1373 of 2001. The executive regulations will define the rules for publishing these decisions, appealing them, authorizing the release of frozen funds for essential living expenses, and managing such assets.n
- Article Two adds a new Article (33 bis) to Law No. (106) of 2013, stating that any violation of decisions issued under Article (25) will result in fines ranging from 10,000 to 500,000 Kuwaiti dinars per violation. This penalty complements any additional sanctions imposed by regulatory authorities on financial institutions or designated non-financial businesses.n
The Ministry emphasized that these amendments support the National Committee for Combating Money Laundering and Terrorism Financing by broadening its powers to apply targeted financial sanctions in compliance with FATF standards. This includes the mandatory freezing of assets belonging to individuals and entities listed locally as terrorists, effective immediately upon decision issuance.
Furthermore, the amendments enable the Committee to impose fines on violators and require publishing the national list of designated terrorists on the Committee’s official website, enhancing transparency and meeting international obligations.
Minister Al-Fassam concluded that the updated legislative measures reaffirm Kuwait’s strong commitment to fighting financial crimes, safeguarding national security and stability, and fulfilling its global responsibilities.
Updated regulations aim to boost fair use and revenue from state properties.
KUWAIT CITY, June 30: The Ministry of Finance announced on Sunday the issuance of a new ministerial decision amending the regulations governing the use of state-owned real estate and service fees, in a move aimed at achieving a fair balance between public interest and the needs of individuals and institutions.
In a press statement, the Ministry said the decision comes as part of its broader efforts to regulate the use of government-owned properties and protect national resources. Ministerial Resolution No. 54 of 2025 introduces amendments to the regulations first outlined in Resolution No. 40 of 2016.
Minister of Finance and Minister of State for Economic Affairs and Investment, Eng. Noura Al-Fassam, stated that the amendments are intended to ensure fairness, clarify procedures, and improve transparency in the utilization of state assets.
“These changes aim to establish a fair balance in how state-owned properties are used by citizens and entities, while safeguarding public interests,” Al-Fassam said.
She added that the updated regulations were the result of a comprehensive pricing study comparing Gulf and international markets. The amended prices remain below average rates in Gulf Cooperation Council (GCC) countries, and were developed with Kuwait’s economic and social conditions in mind. The goal, Al-Fassam noted, is to promote equal opportunities and secure sustainable revenue streams for the state.
The amendments cover a wide range of activities involving the use of state-owned property, including chalets, rest houses, commercial complexes, cooperative societies, banks, and warehouses. They also apply to educational institutions, sports clubs, and hospitals.
In support of national food security and the promotion of local production, the Ministry also announced the stabilization of agricultural coupon prices under the new regulations.
The revised framework reflects Kuwait’s continued efforts to modernize its public asset management policies while maintaining a strong emphasis on economic fairness, efficiency, and sustainability.
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