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CBK develops new tech for generating cryptographic keys

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KUWAIT: Governor of the Central Bank of Kuwait Basel Ahmad Al-Haroon announced that the bank’s innovation hub “Wolooj” developed an innovative technology for generating cryptographic keys, marking a major leap in data protection and information security. This technology reflects the bank’s commitment to creating a secure digital environment that supports advanced technologies, a Central Bank statement noted on Wednesday.

It relies on generating randomness from unconventional data sources that are highly complex and difficult to predict. This data is then processed and transformed into digital streams used to extract randomness, which is subsequently combined with other secure randomness sources generated by the operating system. The result is the creation of strong, unpredictable encryption keys that balance traditional and non-traditional randomness, thereby enhancing the security of digital systems across various domains.

Al-Haroon added that this achievement was made possible by the dedicated efforts of national talent from within the Central Bank of Kuwait staff, as part of the bank’s institutional innovation framework. The system has been officially registered as intellectual property with the relevant authorities, reaffirming the Central Bank’s position as a leading institution in supporting digital transformation and fostering a secure and dynamic environment for development and innovation.

The Bank reaffirmed its commitment to fostering innovation through Wolooj with a view to driving progress in artificial intelligence, digital transformation, cybersecurity, financial technology and regulatory and supervisory technologies. — KUNA

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Kuwait Ambassador in China reaffirms support for constructive media dialogue at SCO Conference

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ZHENGZHOU, China: Kuwait’s Ambassador to China Jassem Al-Najem affirmed Kuwait’s commitment to supporting initiatives aimed at fostering constructive media dialogue and expanding cooperation between media institutions and think tanks. Speaking at the Media and Think Tank Conference of the Shanghai Cooperation Organization (SCO), Ambassador Al-Najem highlighted the importance of such conferences in strengthening mutual understanding among SCO member states.


Kuwait's Ambassador to China Jassem Al-Najem

Kuwait’s Ambassador to China Jassem Al-Najem

He noted the summit’s focus on pressing global issues such as digital innovation, green development, sustainable growth, and cross-border cooperation, emphasizing Kuwait’s readiness to expand partnerships within the SCO framework.

Ambassador Al-Najem also underlined Kuwait’s “Kuwait Vision 2035,” which includes key infrastructure projects like Mubarak Al-Kabeer Port and the Northern Economic Zone to enhance regional connectivity and investment. He praised China’s Belt and Road Initiative (BRI) as a vital platform for global development and reiterated Kuwait’s early commitment to the initiative since 2014. He also conveyed Kuwait’s support for global cooperation efforts launched by Chinese President Xi Jinping.

Ambassador Al-Najem highlighted Kuwait’s recent full membership in the Asian Infrastructure Investment Bank (AIIB) and reaffirmed Kuwait’s role in supporting development through the Kuwait Fund for Arab Economic Development (KFAED), which has financed projects in over 100 developing countries. The ambassador conveyed greetings from Kuwait’s Minister of Information, Culture and State Minister for Youth Affairs Abdulrahman Al-Mutairi, wishing the summit success in strengthening regional and international media cooperation.

Kuwait’s delegation at the forum includes Acting Director General Mohammad Al-Mannai, Acting Editor-in-Chief Mohammad Al-Bahar and Head of Marketing and Public Relations Lamia Al-Farsi. — KUNA

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Kuwait welcomes France’s move to recognize Palestine

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KUWAIT: The Kuwaiti Ministry of Foreign Affairs on Friday welcomed French President Emmanuel Macron’s announced intention to officially recognize the State of Palestine.

In a press release, the ministry commended this significant step that would contribute to implementing relevant United Nations Security Council (UNSC) resolutions and the Arab Peace Initiative in a way that enables the Palestinian people to have self-determination and establish their independent Palestinian state on the 1967 border with East Jerusalem being its capital.

The ministry called on other countries to follow suit in order to reach a just and comprehensive solution to the Palestinian cause. — KUNA

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Kuwait Airways reports six pct increase in Q2-‘25 revenues

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KUWAIT:  Kuwait Airways announced on Friday achieving revenues of USD 324 million in the second quarter of 2025, marking a six percent increase compared to the first quarter.

Kuwait Airways Corporation reported operating revenues of USD 285 million in the second quarter of 2025, reflecting a 14 percent increase compared to the first quarter, according to a statement on its official X platform account.

The company added that operating expenses declined by USD 19.4 million, representing a 20 percent reduction over the same period.

It also noted that the number of departure flights reached 7,063 during second quarter of 2025, marking a nine percent increase compared to the previous quarter, while the total number of passengers transported reached one million. — KUNA

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