Connect with us

Latest News

Amir begins landmark trip to France

Published

on

Visit underscores deep-rooted ties, reflects mutual desire to enhance cooperation

KUWAIT: His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah is set to embark on an official visit to France on Sunday, marking his first such visit to the European nation since assuming office. The visit underscores the deep-rooted ties between Kuwait and France and reflects the mutual desire of both nations’ leaderships to further enhance cooperation across various fields. Kuwaiti-French relations date back to August 28, 1961, when Paris designated its ambassador in Beirut as its envoy to Kuwait and established commercial representation in the Gulf state.

Diplomatic relations were formally established in 1967, paving the way for decades of growing partnership. Over the past seven decades, bilateral ties have witnessed consistent development, reaching a peak during the 1990 Iraqi invasion of Kuwait. France, under the leadership of the late President François Mitterrand, strongly condemned the aggression, affirming Kuwait’s sovereignty as non-negotiable and dispatching 18,000 troops to join the international coalition for Kuwait’s liberation.

Throughout the years, senior leaders from both sides have exchanged visits to reinforce this robust partnership. The late Amir Sheikh Jaber Al-Ahmad Al-Jaber Al-Sabah visited France on multiple occasions, most notably in September 1989 to strengthen cooperation, and again in October 1990 and October 1991 to rally support and express gratitude for France’s firm stance during Kuwait’s occupation. In November 2006, he held talks in Paris with then-President Jacques Chirac, focusing on advancing bilateral ties.

In January 2017, the then First Deputy Prime Minister and Minister of Foreign Affairs Sheikh Sabah Khaled Al-Hamad Al-Sabah participated in the Paris-hosted international peace conference on the Middle East. More recently, on April 24, French Minister for Europe and Foreign Affairs Jean-Noël Barrot visited Kuwait and held discussions with Foreign Minister Abdullah Al-Yahya, resulting in the signing of several agreements and memoranda of understanding across a range of sectors.

The Kuwait Embassy in Paris also took part in the Gulf Vision Conference 2025, held under the patronage of French President Emmanuel Macron. The event aimed to deepen France’s engagement with GCC countries amid evolving global economic dynamics and shared aspirations for broader economic cooperation. France remains one of Kuwait’s major European partners and investors, particularly in energy, infrastructure, transport, health and cosmetics.

French companies represent nearly half of all European firms operating in Kuwait. Bilateral agreements have laid a strong foundation for cooperation, beginning with a taxation treaty signed in 1973 and a landmark investment protection agreement ratified in 1989. In June 2017, both sides signed a protocol for implementing tax treaty measures. France is also a leading exporter to Kuwait in sectors such as luxury goods, automotive, food, aviation, and personal care. On the defense front, France is considered a key strategic ally. In August 1992, Kuwait and France signed a comprehensive defense agreement that includes provisions for mutual defense against external threats, joint military exercises, and exchange of expertise. A further agreement was signed in December 2006 to reinforce defense cooperation. In the health sector, collaboration has been growing steadily. A delegation from Nice University recently visited Kuwait to explore avenues for medical cooperation and knowledge exchange. In April 2025, Minister of Health Dr Ahmad Al-Awadhi signed a memorandum of understanding with France’s renowned Gustave Roussy Hospital.

Scientific and cultural collaboration also forms a cornerstone of bilateral relations. Several agreements have been signed to boost the number of Kuwaiti students in French universities, promote joint cultural initiatives, and facilitate academic and artistic exchange. The upcoming visit by His Highness the Amir is expected to further consolidate these historic ties and open new avenues for strategic cooperation between the two nations. — KUNA

Latest News

Kuwait bolsters efforts, boosts regional partnerships against anti-money laundering

Published

on

By

 KUWAIT:  The State of Kuwait continues its steady efforts against money laundering, bolstering measures in this domain cooperation with regional and international partners. Such efforts coincide with the State of Kuwait’s plans to become a regional anti-money laundering and terror financing center. The judicial system saw a qualitative leap with the introduction of Decree No. 76/2025, amending some items within law No. 106/2013 concerning money laundering and combating terrorism financing.

The amendments enabled the Kuwaiti cabinet to enact decisions, which abide by international rules and regulations in this domain. The law included decisions to list and freeze assets and finances as well as bar dealings with suspicious individuals.

To reinforce cabinet decisions on the matter, the laws issued would be enacted on the date of issuance, including penal verdicts and fines ranging from KD 10,000 to KD 500,000 for each violation. The articles of the law took measures to execute UNSC resolutions on the matter within a legal framework balancing international obligations and constitutional duties, which gave individuals rights to submit formal grievance, view records, and asking for permission to cover necessary expenses.

This legislative step is part of the National Committee to Combat Money laundering and Terrorism Financing, which is assigned by the cabinet to reinforce cooperation with other state institutions to achieve international standards and boost Kuwait’s reputation in this field.

The committee comprises of several institutions and ministries including the Kuwait Financial Intelligence Unit (KwFIU), the Central Bank of Kuwait (CBK), the Ministry of Commerce and Industry to name a few.Last July, the two MoUs were signed by state entities to reinforce cooperation within combating money laundering and terrorism financing.

The MoU signed between the Kuwait customs and Interior Ministry boosted cooperation in combating financial crimes in line with Financial Action Task Force (FATF), a policy-making body that works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.

The other MoU, signed between the Capital Markets Authority (CMA) and the Kuwait Financial Intelligence Unit (KwFIU), ensured the exchange of information between the two sides within the field.

Meanwhile, the Ministry of Commerce and Industry prepared a guide to counter money laundering and terror financing in the gold, valuable minerals and gemstones sector in 2025. The guide set the parameters for trade in such sector and included measures warning against trading online and recommending traditional means for payment in addition to other preventative steps.

On another level, the CBK approved an updated methodology on penal action and also the Central Bank notified banks to use the KwFIU guideline to report any suspicious transactions.In addition to internal efforts, Kuwait hosted a workshop to prepare the unified GCC anti-money laundering strategy, which concluded its meetings on September 11.

A report issued by FATF last October said that the State of Kuwait has the required main framework to combat money laundering and terrorism financing through the country’s stable political, institutional, and governmental sectors. The report affirmed that Kuwait has boosted its legal capabilities and penal action to prevent such crimes from occurring. — KUNA

 

 

 

Continue Reading

Latest News

Kuwait Amir Rep. heads to US to lead delegation at UNGA

Published

on

By

 KUWAIT: On behalf of His Highness the Amir of Kuwait Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, His Highness the Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah departed Kuwait on Friday for the US to lead Kuwait’s delegation at the 80th session of the United Nations General Assembly (UNGA), marking the 80th anniversary of the UN’s founding in New York City.

At the airport, His Highness the Crown Prince was seen off by His Highness the Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah, First Deputy Prime Minister and Minister of Interior Sheikh Fahad Yusuf Saud Al-Sabah, Kuwait National Guard (KNG) Chief Sheikh Mubarak Humoud Al-Jaber Al-Sabah, Minister of Amiri Diwan Affairs Sheikh Hamad Jaber Al-Ali Al-Sabah, Head of the Crown Prince’s Diwan Sheikh Thamer Jaber Al-Ahmad Al-Sabah, along with other senior state officials.

Accompanying His Highness is an official delegation including Foreign Minister Abdullah Al-Yahya, Director General of the Kuwait Direct Investment Promotion Authority Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah, as well as other senior officials.

His Highness the Crown Prince is scheduled to chair Kuwait’s participation in high-level meetings and discussions as part of the UNGA’s 80th session, reaffirming Kuwait’s commitment to multilateral cooperation and international peace. — KUNA

 

Continue Reading

Latest News

Today in Kuwait’s history | Kuwait Times Newspaper

Published

on

By

KUWAIT: 1962 — Kuwait Amir Sheikh Abdullah Al-Salem Al-Sabah decrees forming Kuwait Public Transport Company (KPTC), with a KD one million (USD 3.2 million) capital.

1991 — Kuwait and the United States of America sign a 10-year defense treaty stipulating the defense of Kuwait against external aggression, promotion of peace and stability in the Gulf states.

1994 — Kuwait signs the Convention on Nuclear Safety (CNS) for maximum safety at nuclear reactors.

2000 — The Kuwaiti shooter Fehaid Al-Daihani wins the first Olympic medal for Kuwait, ranking third in the double trap competition of the 27th Olympic tournament held in Sidney, Australia.

2001 — The International Atomic Energy Agency (IAEA) elects Kuwait member of the IAEA Board of Governors.

2002 — The Ministry of Communications slashes rates of international calls reaching 70 percent with some countries.

2010 — Kuwait and Russia sign a memorandum of cooperation in the realm of peaceful usage of nuclear energy.

2010 — Kuwait Fund for Arab Economic Development (KFAED) lends Kenya KD 5.9 million (USD 19.3 million) to overhaul the transports sector.

2018 — KFAED signs an accord with Jordan to reschedule debts estimated at USD 300.7 million.

2021 — Kuwait chairs the IAEA 65th session for the first time since joining the agency five decades back.

2022 — The seismological center reports a 3.3. degree quake on the Richter Scale near Al-Abdali.

2023 — The ministry of oil declares winning four sears in the executive committees of the World Petroleum Council between 2023 and 2026. — KUNA

 

Continue Reading

Trending

Copyright © 2025 SKUWAIT.COM .