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KFH celebrates 56 employees for earning KIBS certifications

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KUWAIT: Kuwait Finance House (KFH) celebrated the graduation of 56 employees who completed various training programs and earned accredited professional certifications from the Kuwait Institute of Banking Studies (KIBS). The graduates were honored at a special ceremony attended by numerous KFH executives and employees.

In a press statement, KFH Executive Manager Talent Management Mohammed Al-Musalam said that recognizing employees for their outstanding achievements and excellence in completing training programs reflects KFH`s unwavering commitment to developing its human capital in line with the latest learning tools and banking knowledge. He emphasized the bank`s endeavors to meet employees` training needs, hone their skills, and nurture their talents so they can apply this knowledge in their respective roles.

This contributes to enhancing performance efficiency, elevating customer service standards, and driving sustainable growth. He congratulated the graduates, stressing the importance of diligence and continuous learning, along with the latest banking techniques, to achieve peak performance efficiently and excellently. He also pointed out that, given current economic challenges and intense local and global competition, integrating employee skills and expanding their knowledge are now crucial for achieving distinction.

Al-Musalam commended the engagement and interaction demonstrated by employees throughout their participation in the high-level training programs. “Candidates were carefully selected based on their experience and their outstanding performance in their respective roles,” he noted, “the meticulous selection process resulted in exceptional outcomes, with the majority of participants achieving top grades and ranking among the highest performers.” He added that several employees successfully completed multiple training programs, marking a distinguished milestone in their training journey. This also reflects KFH’s Talent Management successful strategy in carefully selecting participants and tailoring suitable programs for them following a thorough assessment of each employee’s skills and interests.

Al-Musalam extended his sincere appreciation to KIBS and its leadership for their cooperation and commitment to ensuring the success of the training programs. He also expressed full confidence in the employees’ capabilities to add tangible value across various business areas and employ the skills and competencies they demonstrated over the past period. “These capabilities have been clearly reflected in KFH’s progress and growth.” he commented.

Al-Musalam reaffirmed that KFH is among the first and leading institutions to place great emphasis on investing in human capital, recognizing it as one of the Bank’s most valuable assets and a cornerstone for growth, development, and the achievement of its strategic goals and vision. A testament to this commitment is KFH’s leading position in recording the highest number of graduates each year from accredited professional certification programs. He added: “KFH is committed to keeping pace with the latest advancements in the banking field, attracting top talents and employing the most effective tools for working in the banking industry.

This is achieved by organizing specialized training programs in collaboration with KIBS and other globally recognized institutions, thus promoting the exchange of expertise and strengthening partnerships and collaboration.” The honored employees expressed their profound appreciation for the attention and support they received at the bank. They affirmed their commitment to continuous development to embody the ideal image of KFH workforce. They also emphasized their unwavering dedication to constantly delivering excellence and contributing to strengthening KFH’s leading position at the regional and global levels.

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Crown Prince receives Egyptian Deputy PM

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KUWAIT: His Highness the Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah received on Tuesday at Bayan Palace the Egyptian Deputy Prime Minister for Industrial Development and Minister of Transport and Industry, Lieutenant General Kamel Abdulhadi Al-Wazir, and his accompanying delegation on the occasion of their official visit to the country. The meeting was attended by Kuwait’s Minister of Public Works Dr Noura Al-Mashaan and Egypt’s Ambassador to Kuwait Osama Shaltout.– KUNA photos

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Workshop discusses health competency framework

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KUWAIT: The Ministry of Health (MoH) on Monday inaugurated a regional workshop titled “Competency Framework”, aimed at reviewing the preliminary draft of a competency framework for public health professionals. The three-day workshop is organized by the Gulf Center for Disease Control in cooperation with the Gulf Health Council and the Kuwait Center for Disease Prevention and Control (KCDC).

In his opening remarks, Assistant Undersecretary for Public Health at the Ministry, Dr Munther Al-Hasawi, welcomed a distinguished group of public health leaders and specialists from GCC countries, emphasizing the workshop’s importance in light of the increasing need to enhance the efficiency and effectiveness of the public health workforce. Al-Hasawi stressed the critical role of investing in human capital through training, capacity building, and well-structured competency frameworks grounded in scientific and practical methodologies. He noted that public health competency goes beyond technical expertise, encompassing key administrative and interpersonal skills such as leadership, teamwork, and effective communication.

“Competency in public health is the ability to deliver appropriate, effective services to communities while achieving optimal outcomes,” Al-Hasawi said. “It includes service delivery, resource management, community engagement, and cross-sectoral cooperation.” Chairing the workshop, Dr Mohammed Al-Saeedan, Head of the Emergency Department – Public Health at KCDC, told reporters that the session aims to discuss and refine the initial draft of the framework with input from regional decision-makers and experts. The goal, he said, is to develop a comprehensive guide to strengthen the capabilities of the health workforce across GCC countries.

“Competency frameworks contribute to improving public health, increasing life expectancy, reducing the overall health burden, and advancing sustainable development,” Al-Saeedan explained. “Healthy individuals are more productive and better able to contribute to society.” He emphasized the importance of continuously updating public health guidelines and competency standards to build professional readiness and effectively address evolving health challenges. “Guidelines serve as essential tools in disease prevention and health promotion, guiding individuals and communities in making informed health choices that enhance quality of life,” he said.

Al-Saeedan noted that global shifts and the rising prevalence of diseases demand heightened preparedness and response capabilities. “As the world increasingly prioritizes prevention over treatment, public health professionals must be equipped with the highest level of skill and knowledge to manage emergencies and implement effective interventions,” he added. The workshop is expected to result in key recommendations that will shape a unified GCC approach to public health competency development and workforce excellence. — KUNA

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The hidden drivers behind high prices in Kuwait

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Although Kuwait was ranked earlier this year as the second least expensive Gulf country in the 2025 World Cost of Living Index, many residents feel that the prices of certain goods or services remain disproportionately high compared to other countries. While essential services — such as electricity, water, and fuel — are heavily subsidized and therefore inexpensive, other aspects of life, including housing, entertainment, and branded products, often carry a much steeper cost.

Therefore, according to economic expert Dr. Amer Al Tamimi, the root of the issue lies not in government policy, but in people’s behavior — whether it’s business owners inflating prices or consumers adopting high-cost lifestyles. Each year the state allocates no less than KD 6 billion in subsidies for electricity, water, fuel, and even certain food items. “In fact, the government has made life remarkably affordable for citizens — perhaps even too affordable.” But while basic goods may be inexpensive, the same cannot be said for luxury and lifestyle products. According to Al Tamimi, the high standard of living and strong purchasing power among Kuwait’s resident’s fuels intense demand for premium items — from cars and watches to high-end services and entertainment.

“These items might be cheaper elsewhere, but in Kuwait, the appetite for luxury pushes prices higher,” he explained. Even mid-range categories, such as transportation and clothing, are considered expensive when compared to regional or global averages. Social behavior plays a significant role in shaping price dynamics. “Some individuals, despite earning modest incomes, make choices driven by appearances,” said Al Tamimi. “Someone earning KD 1,000 might buy a car with KD 500 monthly installments just to keep up an image.”

This desire to showcase wealth creates an artificial demand for high-end goods and services. As demand rises, so do prices, creating a feedback loop that affects everything from café menus to car dealerships. “There’s a culture of excessive consumption. People need to rethink their habits, as rational consumption can lead to lower prices overall,” he suggested. This culture of overspending is reflected in many lifestyle choices. “I am surprised to see people pay for coffee delivery when they can simply an easily make it at home,” said Altamimi.

While some spending habits may be avoidable, others — like housing — are fundamental and affect nearly everyone. Al Tamimi pointed to Kuwait’s real estate market as one of the most significant contributors to the high cost of living, citing the soaring price of land. “Land alone accounts for around 70 to 75 percent of the total cost of any building,” he explained. “This is very different from many other countries, where land is more affordable and makes up a smaller portion of overall costs.” This imbalance has driven up both property prices and rent, placing a heavy burden on households and businesses alike. For many residents, housing expenses consume a large share of their monthly income.

Another key issue, Al Tamimi argued, is the lack of competition in certain markets. “Some goods are effectively monopolized by one, two, or three importers,” he noted. This concentration of market power gives a small number of players the ability to set prices with little competitive pressure. To address this, he urged efforts to open up the market. “Breaking these monopolies and encouraging more entrepreneurs to enter different sectors could help,” he said. “We need to streamline business procedures and reduce bureaucratic hurdles that currently discourage new players. In many cases, we only have a handful of stores selling certain products. More competition will ultimately benefit the consumer.”

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