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NBK hosts schools participating in Bankee program

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KUWAIT: National Bank of Kuwait hosted several schools participating in Bankee to explore and simulate the practical application of the program that comes in collaboration with the Ministry of Education, Kuwait Anti-Corruption Authority «Nazaha», and Creative Confidence.

NBK’s executive management attended the event as part of its commitment to track the progress of Bankee and the extent to which schools are benefiting from the program, as well as measure its effect upon the students and teachers.

The event consisted of four main pavilions simulating classrooms and student-interaction methods, in addition to a corner specifically designed for the store where students are taught the fundamentals of spending, as well as a corner for interactive activities about earning and spending money, and finally a corner for donations to endorse the culture of aiding others and paying back to society.

The schools that participated in the event were Al-Fadhl Ibn Al-Abbas Elementary School for boys, Lulwa Mulla Saleh Al-Rabi’a Elementary School for girls, Um Al-Munthir Elementary School for girls, and Al-Sulaibikhat Elementary School for girls.

Bankee is the largest and first program in Kuwait, which is offered by NBK in collaboration with the Ministry of Education and Kuwait Anti-Corruption Authority «Nazaha». It aims to teach students core economic concepts and behaviors such as earning, spending, saving, and financial commitments, and instill core values such as honesty, integrity, personal development, accountability, and teamwork. The program also aspires to raise a generation that understands the importance of financial independence and stability and has the financial knowledge and skills to help achieve sustainable development and economic welfare for individuals and society.

The event witnessed remarkable interaction between the students and teachers about how the program operates in schools and the way students deal with its rich content, which raises their financial awareness.

From their part, the Bankee teachers expressed their appreciation for NBK’s efforts to support education and instill positive concepts in future generations, highlighting that Bankee has remarkably contributed to enhancing the financial literacy, skills and behaviors of the students.

Moreover, this event echoes NBK’s commitment to follow up with the program and trace its positive influence on the students’ behaviors by supplementing them with the necessary skills needed in managing their financials, in addition to the noticeable progress in their financial knowledge after applying the program in their schools.”

As part of its commitment to enriching the «Bankee» content, NBK has launched accounts on different social media platforms, such as Instagram, TikTok, and YouTube to enable all participants to access valuable content, activities, and events from schools around the year. Additionally, the program’s website has been launched in both Arabic and English, and the admission for the academic year 2025-2026 is now open.

The executive management’s follow-up visits to the schools further highlight the program’s significance. Many parents attended these visits, in which they expressed their pleasure with the positive influence they noticed in their children’s financial knowledge and behaviors.

The National Bank of Kuwait believes in the importance of initiatives between the private and government sectors, as they provide the youth with the needed and necessary knowledge and skills to achieve prosperity and well-being for Kuwaiti individuals and society.

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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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