KUWAIT: Al-Safa Charitable Society announced that 410 students across various educational stages have benefited from the Educational Care Bank project for the 2024-2025 academic year. The initiative, implemented in collaboration with the General Secretariat of Endowments, provided a total of KD 100,000 (approximately $330,000) in educational support within Kuwait. Chairman of Al-Safa’s Board of Directors Mohammad Al-Shaya said in a press statement on Monday that the project reflects a shared commitment to supporting future generations by creating an educational environment free from financial obstacles. He emphasized that the initiative also aims to alleviate the financial burden faced by low-income families amid ongoing economic challenges.

Al-Shaya praised the General Secretariat of Endowments for its continued sponsorship of impactful and innovative projects that serve the community, particularly those focused on education. He noted that the Secretariat’s support for this program underscores its strong belief in education as a cornerstone for societal advancement and sustainable development. He added that Al-Safa Charitable Society, through this partnership, seeks to nurture a knowledgeable and responsible generation capable of contributing meaningfully to national development. The project, he explained, targets students who face difficulty in paying tuition fees, reaffirming the association’s belief in the right to education for all—without discrimination or financial barriers. — KUNA

KUWAIT: The Ministry of Oil affirmed that nuclear radiation remains one of the most serious health and environmental challenges of the modern era, emphasizing Kuwait’s strong commitment to addressing this issue through an integrated regulatory framework, well-structured emergency plans, and advanced scientific monitoring networks covering various regions of the country. These efforts aim to ensure the highest standards of environmental and public health safety.

This statement was made by Sheikha Tamader Khaled Al-Ahmad Al-Sabah, Director of Public Relations and Media at the Ministry of Oil, during a health awareness seminar held Monday under the title “Risks and Damages Resulting from Nuclear Reactors and Their Impact on Human Health.” The seminar is part of the ministry’s ongoing initiative to raise community awareness and promote a culture of prevention among oil sector employees.

Sheikha Tamader lauded the efforts of governmental and technical agencies in enhancing public understanding of nuclear radiation dangers and preventive measures. She highlighted the role of such scientific forums in fostering a sustainable preventive culture across both public and private sectors. She added that the Ministry of Oil, in collaboration with relevant authorities, is actively conducting educational programs and specialized workshops to raise awareness about nuclear reactor risks and radiation leakage, while developing national infrastructure for preparedness and response to radiological and nuclear emergencies.

She stressed that prevention begins with awareness, and investing in education, training, and readiness is key to protecting people and the environment. She called for continued support of scientific and awareness initiatives and the strengthening of institutional cooperation among state ministries and regulatory bodies to guarantee community safety and environmental sustainability. In a related address, Salem Al-Azmi, Head of Radiology at the Radiation Protection Department of the Ministry of Health, reviewed the health risks associated with nuclear reactors, their operating mechanisms, and the preventive measures adopted locally and internationally.

Al-Azmi explained that nuclear reactors are among the world’s most important sources of energy due to their ability to generate large amounts of electricity efficiently, but they carry serious health and environmental risks if not managed under strict controls. He described nuclear reactors as power plants that produce electricity through nuclear fission — a process where an atom’s nucleus splits into smaller nuclei, releasing thermal energy that heats a coolant, usually water, to create steam. The steam then drives turbines connected to electric generators.

He noted that while nuclear power plants operate similarly to conventional power plants that burn coal, oil, or natural gas, the primary heat source in nuclear plants is atomic fission. He pointed out that nuclear energy has comparatively low environmental impact on Earth and natural resources.

Al-Azmi outlined the potential environmental hazards in the event of a radioactive leak, such as contamination of air, water, and soil with substances like cesium-137 and iodine-131. However, he reassured that these materials naturally degrade over time and that effective environmental rehabilitation and mitigation plans are in place. He highlighted that potential effects on wildlife and agriculture, including temporary declines in crop and animal quality, can be managed and mitigated through safety protocols and environmental restoration.

Regarding preventive actions, Al-Azmi advised sheltering indoors in well-sealed spaces, which can reduce radiation exposure by half, using closed basements or airtight shelters, and wearing protective masks for the nose and mouth. He also presented information on Iran’s Bushehr nuclear reactor, noting that it is solely dedicated to electricity generation with a capacity of 1,000 megawatts. The reactor operates under full international supervision, is non-military, does not produce nuclear weapons, and is located approximately 280 kilometers east of Kuwait. — KUNA

KUWAIT: The Central Bank of Kuwait (CBK) announced on Monday that the broad money supply (M2) recorded a slight monthly decline of 0.3 percent in May, reaching KD 41.7 billion (approximately $137.6 billion). In statistical tables released to Kuwait News Agency (KUNA), the CBK’s Economic Research Department indicated that private sector deposits in local banks in Kuwaiti dinars edged down by 0.1 percent to KD 38.3 billion ($126 billion), while foreign currency deposits by the private sector saw a sharper decline of 5.4 percent to KD 1.7 billion ($5.6 billion). The report further noted that local banks’ claims on the Central Bank, represented by CBK bonds, decreased by 7.5 percent to KD 1.2 billion ($3.6 billion).

Total assets of local banks also dipped marginally by 0.1 percent to KD 95.9 billion ($316 billion), while net foreign assets at local banks dropped by 3.4 percent to KD 14.8 billion ($48.8 billion). Meanwhile, time deposits held at the Central Bank remained stable during the month at KD 750 million ($2.5 billion). In contrast, cash credit facilities, which include loans extended by local banks, rose by 1.3 percent to KD 59 billion ($194.7 billion), reflecting continued credit growth.

The data also showed that financing of Kuwaiti imports increased by 2.4 percent to KD 734 million ($2.4 billion) in May. The average exchange rate of the US dollar against the Kuwaiti dinar saw a slight decline of 0.1 percent, settling at 306.8 fils. The CBK clarified that in its narrow definition, the money supply comprises cash in circulation and demand deposits used in everyday transactions. In its broader sense, it includes current money in addition to savings and time deposit accounts. — KUNA