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Cyprus stresses strengthening EU–GCC ties

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KUWAIT: Minister of Foreign Affairs of the Republic of Cyprus, Dr Constantinos Kombos, underscored the importance of strengthening cooperation between the European Union (EU) and the Gulf Cooperation Council (GCC) across various sectors during the EU–GCC Ministerial Meeting held on the sidelines of the summit. Cypriot Foreign Minister praised the positive trajectory of Cyprus–Kuwait relations, describing them as “friendly and rooted in mutual respect and shared challenges as small states in a turbulent region both having experienced foreign invasion.”

He noted that the first round of political consultations held in Kuwait in 2022 marked an important milestone in bilateral ties, stating “We now look forward to building on that momentum, and my meeting with the Kuwaiti Foreign Minister on the sidelines of the EU–GCC Ministerial will mark another important step in this direction.”

He reaffirmed his country’s commitment to enhancing relations both bilaterally and within the broader EU–GCC framework, highlighting the Amalthea Humanitarian Initiative, which provides aid to civilians in Gaza, as a prime example of cooperation, praising Kuwaiti organizations for contributing 700 tons of humanitarian aid. The minister said “Cyprus will assume the rotating Presidency of the Council of the European Union on January 1, 2026,” adding “We have placed the Middle East and the Gulf at the center of our priorities, and I believe this will help deepen Cyprus–Kuwait relations, as well as EU–GCC ties overall.”

Concerning investment opportunities, Minister Kombos welcomed Kuwaiti businessmen, saying Cyprus offers “a unique blend of strategic location, a business-friendly environment, and access to the European market.” He noted that Cyprus and Kuwait have signed a double taxation avoidance agreement to facilitate trade and economic exchange, explaining “Our financial sector, including investment funds and asset management, presents promising opportunities for Kuwaiti investors.”

He continued that the country’s stable legal system, favorable tax regime, and high-quality services create an attractive environment for foreign investors, acknowledging that Cypriot investment in Kuwait remains modest, mainly in trade, maritime services, education, and finance. However, he emphasized that there is “strong potential for growth,” especially as Kuwait advances its Vision 2035 strategy to diversify the economy. “With Kuwait’s large-scale projects in infrastructure, renewable energy, tourism, real estate, and smart cities, new opportunities are opening up,” he said. “These align well with Cypriot expertise in construction, renewable energy, hospitality, and education.”

He also highlighted the role of the Cyprus–Kuwait Business Association, operating under the Cyprus Chamber of Commerce and Industry, in promoting trade and socio-economic cooperation. The minister stated that Cyprus and Kuwait are currently working on several bilateral agreements and memoranda of understanding covering areas such as security, culture, and water management, saying “We remain committed to formalizing cooperation in these key areas.” He also welcomed recent progress in higher education cooperation, noting that after sustained efforts, Kuwait officially recognized the University of Cyprus in 2022 and the Dental School of the European University Cyprus in 2024.

Tourism remains a vital sector for Cyprus, the minister expressed optimism about closer collaboration, revealing “The resumption of flights this summer has strengthened tourism flow between Cyprus and Kuwait. We are now working toward establishing year-round flights and broader initiatives to promote both destinations.” Kombos said he looks forward to welcoming his Kuwaiti counterpart to Cyprus at the earliest possible convenience, emphasizing that high-level visits will further consolidate bilateral relations.

On regional developments, he reaffirmed Cyprus’s recognition of Palestine since 1988 and reiterated support for a two-state solution based on UN resolutions. “As the closest EU member state to the Middle East, Cyprus has consistently called for an immediate ceasefire, the unconditional release of all hostages, and unimpeded humanitarian access to Gaza,” he said. He added that Cyprus continues to contribute to relief efforts through the Amalthea maritime corridor and welcomed the peace proposal announced by President Trump as “a vital step toward ending the war and the humanitarian catastrophe.” “We call on all parties to accept its parameters as a basis for progress and to reach a deal for its implementation,” he concluded.

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Today in Kuwait’s history | Kuwait Times Newspaper

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KUWAIT: 1956 — Moudhi Al-Sarhan became the first Kuwaiti female to join the Ministry of Interior’s correctional institute.

1981 — Kuwait’s Amir Sheikh Jaber Al-Ahmad Al-Sabah signed a decree to establish the Faculty of Sharia and Islamic Studies at Kuwait University, as well as changing the name of the Faculty of Law and Sharia to the Faculty of Law.

1990 — Kuwait’s Amir Sheikh Jaber Al-Ahmad Al-Sabah patronized a popular conference in the Saudi city of Jeddah. Participants in the three-day national event reiterated their commitment to the legitimate Kuwaiti leadership in the face of Iraqi aggression against the State of Kuwait.

1990 — Kuwait News Agency (KUNA), which was occupied and looted by Iraqi invaders of the State of Kuwait, began broadcasting from an interim headquarters in London, UK, to provide subscribers with news about occupied Kuwait.

1999 — Kuwait won the Gulf Junior Squash Championship, held in Riyadh, Saudi Arabia.

2010 — Kuwait Fund for Arab Economic Development (KFAED) signed a KD 11 million loan agreement with Mauritania to finance construction of a Nouakchott University campus.

2017 — The KFAED signed a KD 12 million loan agreement with Senegal to reconstruct a major highway.

2018 — Sheikh Abdullah Al-Salem Cultural Center won the Best Services Architecture Building award in the Middle East and North Africa. — KUNA

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Nod to conditional foreign ownership of property in Kuwait

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KUWAIT: An Amiri decree published in the official gazette Kuwait Al-Youm on Sunday has allowed listed companies in which non-Kuwaitis have shares to own property in the country, excluding private residences. Under a Kuwaiti law issued in 1979, such companies were barred from owning property in the country and only Arab individuals can own a house or land through an Amiri decree.

Foreigners who inherit property from their Kuwaiti mothers must sell it within one year, according to the old legislation. Foreign embassies can own a maximum of 4,000 square meters to build their own premises based on mutual treatment. Most Gulf countries currently allow foreigners to own houses directly and some states even offer long-term residence permits to big buyers.

The new decree, however, made an amendment to the 1979 law, allowing listed shareholding companies, real estate funds and investment portfolios with non-Kuwaiti ownership to buy real estate. Such companies must be listed on bourses in Kuwait and one of their purposes is trading in property, the new decree states. Such companies are, however, not allowed to purchase land used for private housing. Nationals of the Gulf Cooperation Council (GCC) member states are treated like Kuwaitis in owning property in Kuwait, the decree states.

Meanwhile, Kuwait Anti-Corruption Authority (Nazaha) announced on Sunday that it has referred a senior government bureaucrat and an unspecified number of other persons to the public prosecution on suspicion of graft and filing incorrect financial statements about their wealth. Nazaha has recently referred dozens of leading government bureaucrats to the public prosecution over suspected violations regarding mandatory financial statements about their private wealth.

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Graduation ceremony marks the completion of ‘Tamooh’ program

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KUWAIT: Under the patronage and attendance of His Highness the Prime Minister Sheikh Ahmad Al-Abdullah Al-Ahmad Al-Sabah, a graduation ceremony was held on Monday for the 10th and 11th batches of the “Tamooh” (Ambition) program for the Ministry of Foreign Affairs’ new recruits for the academic year 2024-2025 at the Saud Al-Nasser Al-Sabah Diplomatic Institute.

The ceremony was attended by Head of the Prime Minister’s Diwan Abdulaziz Dakhil Al-Dakhil, Minister of Foreign Affairs and Chairman of the Board of Directors of the Diplomatic Institute Abdullah Ali Al-Yahya, Director General of the Kuwait Direct Investment Promotion Authority Sheikh Dr Meshal Jaber Al-Ahmad Al-Sabah, along with senior officials and dignitaries. In a press statement, His Highness the Prime Minister congratulated the graduates on their achievement, noting that it reflects their competence and readiness to serve Kuwait in the diplomatic arena.

He expressed confidence in their ability to follow in the footsteps of their predecessors, representing the country’s values and principles with dedication.  His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah was also praised for supporting the Ministry of Foreign Affairs and its cadres in their continued mission to strengthen Kuwait’s relations abroad, serving the nation’s supreme interests and consolidating its position regionally and internationally.

Assistant Foreign Minister for the Saud Al-Nasser Al-Sabah Diplomatic Institute, Ambassador Nasser Subaih Al-Subaih, delivered a speech emphasizing the state’s commitment to preparing a new generation of diplomats equipped with knowledge, competence, initiative, and responsibility.

He prayed for the graduates’ success in serving the country under the leadership of His Highness the Amir and  His Highness the Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah. Diplomatic Attaché Mohammed Nabil Al-Shraideh spoke on behalf of the graduates, stating that their graduation marks the beginning of their mission to serve Kuwait and pledging their full dedication and capabilities to advancing the nation’s interests. The ceremony concluded with His Highness the Prime Minister honoring the 10th and 11th batches of the “Tamooh” program at the Saud Al-Nasser Al-Sabah Diplomatic Institute. — KUNA

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