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Kuwait probes crypto miners | Kuwait Times Newspaper

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KUWAIT: The public prosecution announced on Tuesday it has launched investigations into 31 cases involving the illegal use of electricity for cryptocurrency mining across 59 residential properties. A total of 116 suspects have been questioned in connection with these cases.

In a statement, the public prosecution emphasized that electricity is a strategic national resource that must be used exclusively for its intended purposes. It noted that some individuals exploited residential electricity supply for digital currency mining operations in pursuit of quick profits, which caused damage to the national power grid and adversely affected public interest.

The prosecution stressed its duty to protect state resources and safeguard national interests, calling on everyone to use such resources responsibly. It added that, in cooperation with relevant state authorities, it will take strict legal action against anyone found violating the law through such unauthorized practices. Mining for crypto uses vast amounts of computing power and has prompted authorities around the world to curb its use.

Kuwait has banned cryptocurrency trading, while Kuwait’s Central Bank has warned against investing in crypto. OPEC member Kuwait is grappling with a severe power crisis driven by population growth, urban expansion, rising temperatures and delayed maintenance at some plants. 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.

Crypto mining is a highly complicated process in which advanced computers are used to solve complex mathematical problems. Miners have to compete against each other in the complicated process to verify the cryptocurrency. The mining process is essential for maintaining the integrity and security of a cryptocurrency network and could be highly profitable. – Agencies

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Minister: Labs cornerstone to effective treatment, preventive care

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KUWAIT:  Minister of Health Dr. Ahmad Al-Awadhi affirmed on Monday that medical laboratories are a cornerstone of Kuwait’s healthcare system, significantly contributing to accurate diagnosis, effective treatment, and preventive care. Speaking at the opening of the Seventh Medical Laboratory Conference, the minister highlighted the importance of continuous development in this field.

He said the Ministry prioritizes improving laboratory services by investing in qualified personnel, adopting advanced technologies, and applying global standards to ensure reliable diagnostic results and enhance treatment outcomes. Al-Awadhi noted that blood bank laboratories play a vital role in ensuring blood safety and availability, serving as the first line of defense in early disease detection and improving treatment success rates.

He also highlighted the preventive role of premarital testing laboratories, which help protect future generations by screening for genetic and infectious diseases and ensuring health compatibility between couples. The minister stressed that achievements in laboratory medicine reflect the Ministry’s commitment to building a modern, high-efficiency healthcare system.

Chairperson of the conference organizing committee, Dr. Ibtisam Jumaa, said the event serves as a strategic platform for linking scientific research with clinical practice and strengthening the leadership role of laboratories in future healthcare models. She added that the conference addresses the ethical dimensions of personalized medicine and features 13 expert speakers from GCC, Arab, and European countries, reflecting the event’s international scope and scientific richness.

Dr. Jumaa stated the agenda includes key topics such as blood disorders, oncology, artificial intelligence in diagnostics, predictive biomarkers, and transfusion medicine.Recent technological upgrades, she said, have significantly reduced human error and improved service quality and result accuracy, supporting timely clinical decision-making.Kuwait’s hematology laboratories now serve seven general hospitals, specialized centers, and primary healthcare clinics, ensuring comprehensive national coverage for citizens and residents alike. — KUNA

 

 

 

 

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NBK wins AI Excellence Award at Microsoft AI Summit Kuwait

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KUWAIT: In a further testament to its leadership in the banking sector, National Bank of Kuwait (NBK) was awarded the AI Excellence Award at the Microsoft Summit Kuwait, held under the patronage of His Excellency Omar Saud Abdulaziz Al-Omar, Minister of State for Communications. The award was presented to Mohammad Al Kharafi, Group Chief Operating Officer, Group Operations, Technology and Data at NBK during the summit held at the Sheikh Jaber Al-Ahmad Cultural Center on October 19, 2025.

This accolade underscores NBK’s unwavering commitment to harnessing cutting-edge AI technologies to optimize workflows, boost productivity, and strengthen organizational agility. The Bank’s recent rollout of Microsoft’s AI-powered digital assistant, “Copilot,” across all operations marks a defining milestone in its ongoing digital transformation journey.

The Microsoft AI Summit Kuwait serves as a premier platform, uniting business leaders, developers, IT professionals, and AI enthusiasts to explore the next generation of artificial intelligence and its transformative potential across diverse industries. The summit offered a unique opportunity to engage with industry leaders and Microsoft experts, and to gain insights from global and local speakers on how organizations can harness AI to drive practical solutions to operational and functional challenges, while achieving significant leaps in productivity.

The patronage of the summit by the Minister of State for Communications highlights Kuwait’s steadfast commitment to forging strategic partnerships with global leaders such as Microsoft, driving digital transformation and innovation in full alignment with the country’s long-term vision. Copilot leverages the power of generative AI to empower NBK employees to perform their daily tasks with unprecedented efficiency, including drafting documents, analyzing complex datasets, summarizing key information, and automating repetitive processes, seamlessly integrating this advanced technology into the digital work environment.

NBK’s strategy extends beyond the implementation of Microsoft Copilot, encompassing a holistic approach to enhancing the employee experience through cultural transformation and digital empowerment. The Bank continues to modernize its internal systems and deliver targeted skills development programs, fostering a work environment that seamlessly integrates human expertise with advanced technology. The strategy also seeks to promote continuous learning, cultivate a culture of collaboration, and drive human-centric innovation across the Group’s diverse sectors. By leveraging AI to reduce time spent on repetitive tasks, departments can focus on strategic initiatives and enhance customer engagement, thereby reinforcing the Bank’s leadership, innovation, and excellence.

As part of its journey toward a more advanced digital future, NBK is committed to enhancing customer experience through the adoption of cutting-edge technologies and data-driven strategies. The Bank’s initiatives include optimizing user journeys in mobile and internet banking, upgrading call center technologies, and expanding engagement across social media platforms.

Additionally, NBK is exploring AI applications to deliver greater value for both customers and the organization, ensuring continuous innovation and agility amid the rapidly evolving digital landscape. NBK has undertaken a series of development and enhancement initiatives as part of its ongoing digital transformation journey, including platform upgrades, strengthened digital infrastructure, and accelerated automation of routine processes to boost efficiency and mitigate operational risks.

These advancements have strengthened system resilience, enhanced cybersecurity protocols, and reinforced business continuity, creating a safer and more agile work environment that drives the Group’s digital efficiency. Notably, NBK has received numerous accolades from esteemed global and regional institutions, in recognition of its unwavering commitment to digital innovation, excellence, and responsible technology adoption, further solidifying its leadership in the banking sector in Kuwait and the region.

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Panel to set expat property rules

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KUWAIT: Minister of Justice Nasser Al-Sumait issued a decision on Sunday to form a committee to set conditions for property ownership of investment companies in which expats are shareholders. An Amiri decree was issued last week allowing listed companies in which non-Kuwaitis have shares, in addition to investment entities, to own property in the country for their businesses but excluded private residences.

The decree relaxed strict conditions set by a 1979 law that banned foreigners from owning property without the prior approval of the Council of Ministers. Al-Sumait said the new step comes to improve the legal environment to encourage investments and facilitate their ownership of property in the country, adding that the proposed legislation aims at striking a balance between attracting investments and protecting property ownership.

The committee will list the conditions in a new decree that will include rules and regulations for licensing the property ownership, naming the areas where foreign ownership is allowed and restrictions on reselling them, the minister said. Most Gulf countries currently allow foreigners to own houses directly and some states even offer long term residence permits to big buyers.

Meanwhile, the Municipal Council on Sunday approved a request by Kuwait Municipality to change the names of 591 streets and roads to numbers, while renaming three streets after Arab capitals and retaining 66 existing names. During an extraordinary meeting, the council approved recommendations by a special committee formed to study the issue which called for changing the names to numbers. The new decision came after a change in the law stipulating that names of persons should not be used to name areas or streets except for rulers, crown princes, leaders of Arab and friendly nations, historical figures and some members of the ruling Al-Sabah family.

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