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NBK partners up with LOYAC to sponsor youth leadership program

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KUWAIT: In line with its deep commitment to social responsibility and continued support to the development of Kuwait’s youth, National Bank of Kuwait sponsored the Youth Leadership Program (YLP), which aims to develop skills of leadership, self-awareness, and resilience for the youth, in collaboration with non-profit organization. The program, which targets 14- to 18-year-old high school students, took place in the United Kingdom in a period that extended from the 13th until the 19th of July 2025, with the participation of 12 students.

The Youth Leadership Program is a transformative and unique experience in which participants get the opportunity to undergo a life-changing adventure for one week in Bedfordshire’s breathtaking nature where they unleash their hidden abilities and energies. The program aims to develop leadership skills by teaching students the habits of effective people, which help them succeed in current and future endeavors and face challenges confidently.

As part of this journey, the students participated in outdoor activities, including walking through green fields and exploring UK’s enchanting towns, in addition to building relationships and creating connections while participating in friendly competitions.

The program also gave the students a view on practical leadership skills, based on Steven R. Covey’s prominent book “The 7 Habits of Highly Effective People”, through which the students obtained valuable tools to manage their thoughts, actions, and feelings and consequently provide them with strong leadership abilities.

This sponsorship comes in line with NBK’s strategic partnership with LOYAC, which echoes the bank’s unwavering support for Kuwait’s youth by empowering them to invest in their future and become part of an aware and leading generation.

NBK will continue to sponsor and support initiatives that align with its social responsibility values across all society segments and non-profit organizations, especially ones that nurture youth development and cater to their needs. This support stems from the bank’s strong belief in the significant role youth play in society. It is worth noting that LOYAC is a non-profit organization that aims to support youth by providing training opportunities, specialized educational, and volunteering developmental programs.

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Kuwait unlocks Mitribah riches | Kuwait Times Newspaper

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Commercial oil and gas production begins at field • Oil minister sees demand boost

KUWAIT: Kuwait Oil Company (KOC) officially launched commercial oil and gas production at the Mitribah field in the country’s northwest on Thursday, marking a milestone in the company’s operational strategy and reinforcing Kuwait’s position on the global oil map. KOC Chief Executive Officer Ahmed Al-Aidan said during a ceremony in Ahmadi, held under the patronage of Oil Minister Tareq Al-Roumi, that the achievement was more than the completion of a successful project.

“Mitribah has long been considered a major challenge, and today it has become a true success story, demonstrating what can be achieved when ambitious vision meets firm determination and effective execution,” he said. Al-Aidan noted that the field is now part of the company’s productive assets, providing a significant boost to its strategic plans. “This step supports Kuwait in achieving its strategy to reach an oil production capacity of 4 million bpd by 2035,” he added.

Al-Aidan recalled his personal connection to the site, having followed its progress as a geologist since the late 1990s. He added that the launch comes at a pivotal moment for KOC, which recently underwent a major restructuring aimed at greater efficiency and clearer direction. One outcome of the reorganization was the creation of the New Exploration Group, established to accelerate exploration-to-production cycles, particularly in unconventional and complex reservoirs. Mitribah, he said, stands as the first major achievement under this new framework.

Al-Aidan praised the work of geologists, engineers, planners, operators and technical support teams who overcame infrastructure challenges and deployed advanced technologies with high efficiency. He also commended the role of partners and contractors, stressing that their collaboration was vital to success.

Commercial production at Mitribah officially began on June 15, 2025, after several wells were connected to KOC’s production facilities. The field covers more than 230 sq km in a previously undeveloped area lacking infrastructure. Light crude with commercial potential was first discovered there in 2009, but the presence of high concentrations of hydrogen sulfide gas — up to 40 percent — delayed production.

Oil Minister Al-Roumi described the achievement as an important milestone for KOC, the result of nearly two decades of persistent effort. “The Mitribah well was by no means easy — it represented a real challenge to the company,” he said, expressing confidence that Kuwait’s oil companies would continue to deliver similar successes in line with the leadership’s directives. Al-Roumi also commented on global oil market trends following the US Federal Reserve’s recent interest rate cut, noting that while prices remain at suitable levels, forecasting remains difficult. He anticipated demand growth, particularly in Asia.

Eight OPEC+ members agreed on Sept 7 to raise output by 137,000 bpd in October, an extension of the group’s policy since April of increasing production after years of cuts to support the oil market. Despite the agreement to raise output, “prices are more than good”, Al-Roumi said. “We had expected the worst but things are fine,” he added. “The oil market is puzzling and very difficult to predict.”

Kuwait Petroleum Corporation (KPC) CEO Sheikh Nawaf Saud Al-Sabah hailed the launch as a “new breakthrough” for the oil sector under the leadership of HH the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah. He noted that Mitribah is among the most complex fields in Kuwait due to its high sulfur content and that KOC had partnered with international firms to apply, for the first time, an integrated production management system. Sheikh Nawaf also underlined that the project contributes to KPC’s long-term strategic goal of reaching and sustaining a production capacity of 4 million barrels per day by 2035. – Agencies

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Kuwait discusses preparations with Portuguese business leaders for upcoming forum

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 MADRID:  Kuwait’s Ambassador to Portugal Hamad Al-Hazeem met with senior Portuguese business figures to review preparations for Kuwait’s hosting of the 9th EU-GCC Business Forum, scheduled for November.In a statement to KUNA on Friday, Ambassador Al-Hazeem highlighted the significance of the forum during talks with Portuguese Business Confederation (CIP) President Armindo Monteiro, attended by the confederation’s Director General, Rafael Alves Rocha, at the CIP headquarters in Lisbon.

The Ambassador noted that the Kuwaiti Embassy in Lisbon had sent a formal invitation encouraging the CIP to participate in the event, stressing the importance of the forum as a major economic platform.He underlined that the forum represents a vital opportunity to strengthen commercial cooperation between the GCC and the EU, while also emphasizing the importance of deepening bilateral economic and trade relations between Kuwait and Portugal.

He pointed out that Kuwaiti private and commercial sectors are gaining a stronger presence in the Portuguese market, reflecting Kuwait’s interest in expanding investment partnerships.On his part, Monteiro welcomed Kuwait’s initiative to host the forum, describing it as a strategic platform for opening broader horizons of economic and trade cooperation between the GCC and the EU, stressing that boosting economic relations between Portugal and Kuwait is essential for creating new opportunities for Portuguese companies and enhancing bilateral cooperation to serve the interests of both nations.

Monteiro noted that the CIP, established in 1974 to promote a market economy and private initiatives, is Portugal’s largest and most influential business organization. Representing over 150,000 companies and 1.8 million workers-equivalent to 71 percent of Portugal’s GDP-the confederation operates across multiple sectors nationwide.

The EU-GCC Business Forum serves as a strategic platform to exchange perspectives, explore trade and investment partnerships, and highlight opportunities for non-oil growth in Gulf states in collaboration with European partners. — KUNA

 

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MoI launches new domestic worker visa inquiry service

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KUWAIT: The Ministry of Interior announced Thursday the launch of a new service on the unified government application for electronic services (Sahel), enabling citizens and residents to verify the possibility of recruiting a domestic worker. The service allows users to check whether a previous visa has been issued for the same worker before starting recruitment procedures, helping to prevent duplication or rejection of applications, the ministry said in a statement.

Citizenship issues

In a separate development, the Supreme Committee for the Investigation of Kuwaiti Citizenship, chaired by First Deputy Prime Minister and Minister of Interior Sheikh Fahad Al-Yousef Saud Al-Sabah, held a meeting Thursday and announced decisions to revoke Kuwaiti citizenship in several cases. These included withdrawal of citizenship obtained through fraud and false statements, loss of citizenship certificates and revocation of citizenship in cases deemed necessary for the higher interest of the country. The committee confirmed that the cases will be submitted to the Cabinet for approval.

Advertising licenses

Meanwhile, Kuwait Municipality reaffirmed Thursday its intensified monitoring of advertising licenses across all governorates through field inspection campaigns. Bader Al-Najdi, supervisor and head of the Hawally Municipality inspection team, said during a field tour of a shopping mall that the campaigns aim to ensure companies’ compliance with advertising licenses and the validity of health permits.

Al-Najdi noted that inspection teams verify rooftop, screen, and mall advertisements according to municipal regulations. He said 32 shops were inspected on Thursday, with nine fined for failing to renew licenses or placing unlicensed advertisements. He added that statistics on violations, warnings, and collected fees will be compiled, while governorate branches will submit monthly reports to the Financial Affairs Department. He stressed that inspection teams will continue strict enforcement measures to uphold regulations, urging commercial establishments to adhere to municipal laws. — KUNA

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