Connect with us

Latest News

Crypto miners in Kuwait exploit lax laws, cheap power

Published

on

KUWAIT: As Kuwait seeks to ease pressure on the grid before the start of a sweltering summer, authorities are cracking down on cryptocurrency miners, who are accused of being a “major” cause of a power crisis that has led to blackouts. OPEC member Kuwait is grappling with a severe power crisis driven by population growth, urban expansion, rising temperatures and delayed maintenance at some plants.

Authorities started a “wide-ranging” security operation late April, targeting homes used for illegal cryptocurrency mining. Crypto mining activities “constitute an unlawful exploitation of electrical power … and may cause outages affecting residential, commercial and service areas, posing a direct threat to public safety”, the interior ministry said in a statement last month.

Electricity in the country is extremely cheap and the government has urged residents not to waste it as the need to keep cool amid sweltering summer temperatures heaps pressure on a strained electrical grid. Cryptocurrency mining, although a major cause of the power crisis, is not the only factor, a source at the electricity ministry told Reuters.

Kuwait’s crackdown has targeted homes in Wafra, Kuwait’s southernmost area, where the electricity ministry has previously said around 100 homes were used for mining, some of them consuming up to 20 times normal electricity levels. Energy consumption in Wafra fell by 55 percent following the operation, the electricity ministry said in a statement last Saturday.

Kuwait has banned cryptocurrency trading but has no laws specifically addressing mining. “They saw government subsidies, saw the absence of oversight, and saw no laws in place, so they exploited the situation to their benefit,” said Saud Al-Zaid, who formerly served as executive board member of the Communications and Information Technology Regulatory Authority in Kuwait.

Mining for crypto uses vast amounts of computing power and has prompted authorities from Kosovo to Russia to curb its use to prevent electricity shortages. The miners tend to base themselves where power is cheap, and often in colder climes where it is easier to cool their servers. Researchers at the University of Cambridge estimated that in 2022, Kuwait was responsible for just 0.05 percent of the world’s bitcoin mining at the time.

While there is no good data on how much power crypto miners use in Kuwait, “it only takes a very small share of the total bitcoin mining network to have significant impact on the relatively small total electricity consumption of Kuwait,” said Alex de Vries-Gao, founder of Digiconomist, a research project tracking crypto’s energy use.

Kuwait’s central bank has warned against investing in crypto. The country’s approach to the sector differs to that of some of its neighbors, which have embraced the industry. Dubai last week played host to a large crypto event, with Eric Trump, US President Donald Trump’s son, among those in attendance. — Reuters

Latest News

Kuwait’s third relief plane departs to Gaza

Published

on

By

 KUWAIT:  The third Kuwaiti planeload departed Thursday from Abdullah Al-Mubarak Air Base, carrying 10 tons of food supplies to Gaza as part of the ongoing second Kuwaiti air bridge.

Chairperson of Kuwait Red Crescent Society (KRCS) Khaled Al-Maghames told KUNA the shipment is part of Kuwait’s urgent national relief campaign and reflects the country’s continued humanitarian commitment. This was prepared in cooperation with local charities and Kuwait Flour Mills & Bakeries Company to ensure quality and swift delivery, said Al-Maghames, noting ongoing coordination with Kuwait’s embassy in Jordan, the Jordan Hashemite Charity Organization, and the Palestinian Red Crescent for distribution inside Gaza.

He also confirmed further aid flights are being arranged in cooperation with Kuwait’s Ministries of Foreign Affairs and Defense. Al-Maghames thanked all government bodies involved for their efforts in facilitating and delivering the aid, and affirmed KRCS’s continued global humanitarian efforts. — KUNA

Continue Reading

Latest News

Kuwaiti surgeons conducted record number of kidney transplants last year

Published

on

By

 KUWAIT:  Dr. Turki Al-Otaibi, Kuwait Transplant Society President said Wednesday that Kuwaiti surgeons made trailblazing achievements in 2024 with successful kidney transplant surgeries hitting 149.Speaking to reporters on World Organ Donation Day, globally observed on August 13, he said this is an occasion to renew the humanitarian appeal and raise public awareness about the importance of organ donation.

Organ donation reflects humanitarian and compassionate response from donors and a moral responsibility for saving the lives of other people, he pointed out. The State of Kuwait has now nearly 15,000 registered donors Dr. Al-Otaibi, also chairman of the Arab Society of Nephrology and Renal Transplantation (ASNRT), highlighted the need to remove misconceptions about organ donation.Only 172,000 transplants were conducted globally in 2023, which represent 10 percent of the global demand for organs donation, he noted.As many as. 1.5 million patients needed urgent transplants which means that nine of 10 patients fail to get the a vital organ, Dr. Al-Otaibi said, citing figures of the World Health Organization. — KUNA

Continue Reading

Latest News

Kuwait to launch largest legislative reform plan

Published

on

By

KUWAIT: Minister of Justice Nasser Al-Sumait on Wednesday announced that Kuwait will soon launch the largest legislative development plan in its history, in cooperation with state agencies and civil society institutions. The initiative will harness digital technologies to enhance justice, streamline procedures, and ensure accessibility, efficiency, and continuity in the judicial system.

Speaking during an inspection tour of the Al-Raqqai Courts Complex, Al-Sumait said Kuwait has witnessed two previous “legislative renaissances” — the first between 1959 and 1965, when key laws such as the Nationality Law were enacted, and the second from 1978 to 1984, which produced landmark legislation including the Civil Code, Civil Procedure Code, and Personal Status Law.

He said eight working committees are now reviewing major laws, including the Economic Courts Law, Rent System Law, Owners’ Union Law, Penal Code, Criminal Procedures Law, and Labor Law. The reform effort also focuses on expanding dispute resolution mechanisms outside courtrooms through mediation, arbitration, and technological transformation. Al-Sumait revealed that the new Judicial Law has reached its final stages after being referred to the Fatwa and Legislation Department. “This law will serve as the gateway to the largest reform process of Kuwait’s judicial system, in line with the directives of His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah,” he said.

No Image

The minister noted that Kuwait currently has 983 laws in force. Since assuming office, he pledged to review 10 percent of them within a year but exceeded that goal, completing 118 laws (about 12 percent) in eight months. “We are now reviewing another 15 percent, aiming to reach 25 percent within the first year,” he added, praising the efforts of judges, prosecutors, academics, and legal institutions involved in the process.

Al-Sumait stressed that Kuwait has one of the highest ratios of judges globally, with 33 judges per 100,000 people compared to 5 in the US and 11 in China and the EU. Yet, he acknowledged the system faces a heavy caseload and outdated procedures, including power of attorney documentation, which are being addressed. On judicial appointments, Al-Sumait said the Kuwait Institute for Judicial and Legal Studies has been tasked with developing an electronic testing system for junior legal researcher positions — the gateway to becoming public prosecutors. The tests will be graded automatically, followed by personal interviews under judicial supervision to ensure transparency and fairness.

Regarding Kuwaitization of the judiciary, Al-Sumait said the rate stands at 77 percent and will rise to 80 percent by October 2025, 85 percent by 2026, and 90 percent by 2027, reaching full Kuwaitization by October 1, 2030. He expressed gratitude to foreign judges, particularly from Egypt, for their contributions, but stressed that nationalizing the judiciary is “a matter of utmost importance” and that Kuwaiti judges are fully capable of managing the system with efficiency and speed.- KUNA

Continue Reading

Trending

Copyright © 2025 SKUWAIT.COM .