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Kuwait relations with Africa are “deep and historic”: FM

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57 percent of KFAED’s global development activity focused on Africa, official says

KUWAIT: Foreign Minister Abdullah Al-Yahya participated on Tuesday in the celebration of Africa Day, hosted at the invitation of ambassadors and heads of African diplomatic missions accredited to Kuwait. In a press statement on the occasion, he extended heartfelt congratulations, emphasizing that Kuwait’s relationship with the African continent is both “deep and historic.”

He reaffirmed Kuwait’s commitment to strengthening cooperation and coordination with African nations, highlighting the country’s pride in its strong partnership—particularly through the Kuwait Fund for Arab Economic Development (KFAED), which has supported vital infrastructure and development projects across the continent since its founding in 1961.

Coinciding with the celebration, an art exhibition was inaugurated, featuring both contemporary and traditional works by African artists. Attendees also enjoyed musical and folkloric performances by African cultural troupes, showcasing the richness and authenticity of African heritage and symbolizing the strong historical bonds between the people of Kuwait and Africa.

Acting Director General of KFAED, Waleed Al-Bahar, also took part in the celebration. In a press statement, he announced that the fund has financed 540 development projects in more than 50 African countries, with a total value exceeding $11.4 billion. These efforts represent around 57 percent of the fund’s global activity and have, he noted, contributed significantly to economic transformation and improved livelihoods across the continent.

Al-Bahar emphasized that Africa remains a top priority in the fund’s development agenda. He expressed pride in the enduring and robust partnerships with African countries and stressed the importance of continued cooperation to promote further progress, prosperity, and sustainable development across the continent.

He noted that KFAED continues to offer loans, grants, and technical assistance to support various programs and projects aimed at advancing comprehensive development in African nations.

This year marks the ninth consecutive year of the fund’s participation in Africa Day celebrations. Through a dedicated pavilion, the fund showcased its development and humanitarian contributions, highlighting key projects that have supported growth and improved living standards throughout Africa.

The celebration also featured the participation of more than 30 embassies from African Union member states, each presenting elements of their country’s cultural and historical heritage through exhibits, artifacts, and traditional crafts, reflecting the diverse professions and traditions across the continent. — KUNA

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NBK warns customers about risks of fraudulent online shopping offers

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KUWAIT: In line with its unwavering commitment to fostering financial literacy and empowering all segments of society, NBK continues to bolster its support for the “Let’s Be Aware” banking awareness campaign. Spearheaded by the Central Bank of Kuwait in collaboration with local banks and Kuwait Banking Association (KBA). As part of its commitment to customer protection, NBK is actively educating the public about fraudulent online shopping offers, often promoted through social media. These scams typically feature links to fake applications or websites that lure victims with enticing discounts and promotions.

Designed to mimic legitimate platforms, these fraudulent sites deceive users into providing sensitive personal and banking details — such as account and credit card numbers — ultimately compromising their financial security. NBK urges customers to remain vigilant and avoid engaging with suspicious links, reinforcing its dedication to safeguarding the community from cyber threats. NBK advises customers to exercise caution and avoid being misled by deceptive shopping deals that promise steep discounts. The bank emphasizes the importance of verifying website URLs and refraining from clicking on links from unknown sources — especially those received via email that advertise offers that appear too good to be true.

Furthermore, NBK cautions customers about the risks of saving credit card details on e-commerce websites or browsers for faster future transactions. The bank highlights that such platforms are susceptible to security breaches, potentially exposing stored banking data to theft. The Bank also emphasizes that it will never request personal information via email, text messages, or phone calls. Additionally, NBK warns customers against responding to such messages, as they are often fraudulent attempts to steal banking credentials, sensitive data, or funds.

NBK remains vigilant in monitoring emerging fraud tactics, educating customers, and providing clear guidance on how to stay protected. Through comprehensive awareness materials shared across its digital platforms, the bank continuously emphasizes the importance of engaging only with trusted links and avoiding interactions with unidentified sources. Harnessing its vast communication capabilities, NBK utilizes all its digital channels — boasting the largest following among Kuwaiti banks — to ensure the widest dissemination of the campaign’s messages, effectively reaching the largest possible audience.

Led by the Central Bank of Kuwait in partnership with Kuwait Banking Association, “Let’s Be Aware” stands as the region’s most comprehensive financial literacy campaign. Aimed at empowering bank customers, the initiative delivers essential education on critical financial topics. Key focus areas include practical steps to prevent fraud, strategies for maximizing banking services, and fostering a strong culture of savings and investment. By equipping individuals with the knowledge and tools to make informed financial decisions, the campaign strengthens financial security and resilience across Kuwait’s banking sector.

As a leading financial institution in Kuwait and the region, NBK remains a key supporter of the Central Bank of Kuwait’s initiatives aimed at enhancing financial literacy and promoting banking awareness across all segments of society. The bank actively organizes various educational events to keep the community informed about critical banking issues while also investing in specialized training programs for its employees. By strengthening expertise in fraud prevention and financial crime mitigation, NBK reinforces its commitment to safeguarding customers and upholding the integrity of the financial sector.

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Kuwait unveils Bayraktar TB2

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Kuwait unveils Bayraktar TB2

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Ministry of Social Affairs distributes hearing aids to citizens

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KUWAIT: Minister of Social Affairs, Family and Childhood Affairs Dr Amthal Al-Huwailah on Thursday announced the distribution of the first batch of hearing aids to citizens with hearing impairments, following a years-long suspension. The initiative aims to support their daily lives and enhance their ability to communicate and integrate into society. Speaking to Kuwait News Agency (KUNA), Dr Al-Huwailah emphasized that hearing aids are vital tools that enable individuals to lead independent lives and engage naturally with their surroundings.

“This is just the beginning,” she said, noting that subsequent batches will follow to meet all pending requests, with priority given based on the order of application. She also underscored the commitment of the Public Authority for the Disabled to continue providing a range of assistive and prosthetic devices—including wheelchairs and other essential equipment—to empower individuals with disabilities both psychologically and socially, and to further support their integration into the community. — KUNA

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