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ASEAN celebrates 58th anniversary as it expands Kuwait ties

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KUWAIT: August 8, 2025 marks the 58th anniversary of the establishment of the Association of Southeast Asian Nations (ASEAN) – a dynamic regional organization that unites 10 Southeast Asian countries into a community of 680 million people. In the context of a rapidly changing world, ASEAN’s vision and identity have been constantly affirmed and widely acknowledged – not only in the Asia-Pacific region but also in the Gulf region.

ASEAN identity is not just showcasing symbols such as the common flag, anthem and customs but substantively presenting in many regional and international events and mechanisms forged by ASEAN with the participation of world great powers, through the spirit of cohesion and consensus, through the aspiration for peaceful development, stability, prosperity and the everlasting dynamism over many past decades. From only 5 founding countries, ASEAN has grown to 10 member states today and is preparing to welcome Timor Leste as the 11th member – a living testament to the attractiveness and sustainability of the Association. ASEAN’s economic growth in recent years has been quite positive despite lot of acute difficulties. As a whole, ASEAN is currently ranked the 5th largest economy in the world. According to the Asian Development Bank (ADB), ASEAN’s GDP growth is estimated to reach 5 percent in 2024 and may steadily remain at this rate in 2025.

Since joining ASEAN in 1995, over the past 30 years, Vietnam has been an active member in many activities and fields, especially making important and outstanding contributions in the role of ASEAN Chair (1998, 2010 and 2020), contributing to the overall successes of ASEAN and gradually making Vietnam a solid pillar of the bloc. Currently, the Vietnamese Embassy in Kuwait, which is serving as the Chair of the ASEAN Committee, has also implemented many practical initiatives and activities to enhance the image of the ASEAN Community in general and cultivate friendly relations between Kuwait and all ASEAN member countries.

Promoting inclusion

In the context of many global challenges, from climate change, economic crises to geopolitical conflicts, ASEAN has further affirmed the importance of sustainable and inclusive development. ASEAN’s development priorities have always been associated with building strong resilience, internal resources, strengthening regional connectivity and in-depth international cooperation.

Intra-bloc solidarity is the core foundation that helps ASEAN overcome plenty of challenges and hardships, and maintain regional stability and cooperation for almost six decades. This spirit is clearly expressed in the Bangkok Declaration August 8, 1967 which established ASEAN and championed the aspiration for peace and sustainable prosperity for future generations.

Today, ASEAN has unceasingly and actively expanded cooperation with international organizations and countries, including the State of Kuwait. A significant step forward has been taken by Kuwait’s formal accession to the Treaty of Amity and Cooperation in Southeast Asia (TAC) in 2023 – opening new opportunities to promote bilateral cooperation. Through individual exchange activities as well as multilateral forums, the two sides are working together on potential fields such as trade and investment, energy security, food security, cultural exchanges and tourism development.

In 2025, ASEAN puts forward the Moto “Inclusivity and Sustainability” as its key message and goal. This is an opportunity for the whole bloc to evaluate the progress of realizing the ASEAN Community Vision 2025, and at the same time set forth a long-term strategy toward 2045.

At the 46th ASEAN Summit in May 2025 in Kuala Lumpur, ASEAN leaders formally adopted the ASEAN Community Vision 2045 – a strategic document towards a cohesive political community, deeply integrated economy, and high social responsibility. Also at the same venue, ASEAN held its second Summit with the Gulf Cooperation Council (GCC), affirming its commitment to strengthening inter-regional cooperation, in which Kuwait as the current Chair of the GCC has been playing a crucial role to build the bridge, mutual interest and general action plan for 2025-2030 period.

Solidarity and consensus – the core values of ASEAN – are a profound foundation for realizing a sustainable development and maintaining ASEAN Centrality. In that spirit, ASEAN continues to actively promote multi-faceted cooperation with Kuwait and the Gulf countries, and jointly contributing to a peaceful, stable and prosperous region.

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

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 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

 

 

 

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

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 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

 

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Today in Kuwait’s history | Kuwait Times Newspaper

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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

 

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