Shaikha Al-Bahar
Deputy Group Chief Executive Officer (CEO) of the National Bank of Kuwait (NBK)

KUWAIT CITY, May 20, (Agencies): Deputy Group Chief Executive Officer (CEO) of the National Bank of Kuwait (NBK) Shaikha Al-Bahar is the only Kuwaiti who made it to the 2025 100 Most Powerful Women in Business List that Fortune released on Tuesday. The list consists of a hundred influential businesswomen in the finance, technology, health care, telecom, retail, energy and other industries.

In 1977, Al-Bahar joined NBK, where she proved her leadership capabilities as she rose through the ranks over the years. At present, she is the only woman in the executive management team of the bank. She currently heads NBK-France and Egypt; in addition to her post as board member of NBK (International) — the subsidiary of the bank in the United Kingdom. Al-Bahar was the brain behind the launching of NBK RISE, a program that aims to empower women leaders and train them within nine months to assume leadership posts.

NBK is one of the largest financial institutions in Kuwait and one of the leading banks in the region. The total value of its assets as at the end of March reached more than $135 billion. Group CEO of First Abu Dhabi Bank in the United Arab Emirates Hana Al-Rostamani joins Al-Bahar as the only two women from the Gulf on the list, ranking 76th and 92nd respectively. The Fortune editors compiled the list based on company size and health; in addition to an executive’s career path, influence, innovation, and efforts to make business better.

The 2025 list includes 52 women from the United States of America and 48 from other countries as follows: eight from China; seven each from France and the United Kingdom; three each from Germany, Singapore and Brazil; two each from Australia, Hong Kong, Japan and Spain; and one each from Kuwait and the United Arab Emirates. Chief Operator at Costco and merchant Claudine Adamo, who ranked 43rd, is one of 16 newcomers. She helped millions of Americans navigate inflation by keeping prices low on essentials, and the next-gen execs such as ByteDance CFO Julie Gao (81st), who steered the finances of the TikTok owner through its tangles with the US government.

Following are the top 10 Most Powerful Women in Business in 2025:
1. Mary Barra, Chair and CEO, GM (U.S.)
2. Julie Sweet, Chair and CEO, Accenture (U.S.)
3. Jane Fraser, CEO, Citigroup (U.S.)
4. Lisa Su, Chair and CEO, AMD (U.S.)
5. Ana Botín, Executive Chairman, Banco Santander (Spain)
6. Tan Su Shan, Deputy CEO and Group Head of Institutional Banking, DBS Group (Singapore)
7. Thasunda Brown Duckett, President and CEO, TIAA (U.S.)
8. Marta Ortega, Chairperson, Inditex (Spain)
9. Abigail Johnson, Chairman and CEO, Fidelity Investments (U.S.)
10. Meng Wanzhou, Deputy Chairwoman, Rotating Chairwoman, and CFO, Huawei (China)

KUWAIT CITY, May 19: The Ministry of Islamic Affairs has launched its procurement plan for the 2025/2026 fiscal year, which includes approximately 212 tenders and projects of all sectors of the ministry. The tenders aim to implement a variety of projects aimed at developing and expanding the ministry’s services in various religious, administrative, and technical fields. The plan highlights the implementation of several major construction and service projects.

Notable among them are the establishment of Quranic studies centers, residential facilities for imams and muezzins, and Quran memorization centers in various areas of Kuwait. The plan includes the creation of an integrated Islamic cultural center in Adan. It also includes a project to operate the fiber optic network infrastructure between the ministry’s locations, along with the supply and installation of integrated services for people with special needs at its headquarters. Within the framework of awareness and media, the ministry will seek bids from companies to produce television spots aimed at enhancing the religious media system, reaching all age groups, and promoting Islamic values, ideals, and morals.

The ministry will also issue a tender to develop the electronic Hajj and Umrah portal. The portal will include comprehensive modules to serve pilgrims, Umrah performers, and campaigns, including units for electronic Hajj registration for pilgrims and campaigns, electronic Umrah registration for companies and individuals, managing Hajj campaign licenses, and overseeing companies organizing Umrah caravans.

There will also be modules to manage Hajj and Umrah operations, as well as campaign-related complaints and evaluations. The plan also includes a tender for automating the Islamic Studies Sector, aimed at completing the analysis, development, and maintenance of a modern electronic educational system for the Quran and Islamic Studies Sector.

In addition, the ministry will issue a tender for the development, updating, and maintenance of its electronic portal to automate government services provided through its official website. This initiative aims to deliver practical outcomes, enabling transactions to be completed in the shortest possible time, and enhancing the ministry’s role in serving religious and administrative affairs in Kuwait.

By Mohammad Al-Enezi
Al-Seyassah/Arab Times Staff

Japanese Ambassador to Kuwait Mukai Kenichiro poses with the Kuwaiti business men

KUWAIT CITY, May 19: Japanese Ambassador to Kuwait Mukai Kenichiro organized the ‘Japanese-Kuwaiti Business Diwaniya’ at his residence, with Assistant Foreign Minister for Asian Affairs Ambassador Samih Jawhar Hayat, a group of Kuwaiti businesspersons, and representatives of the public and private sectors in attendance. The meeting aimed to strengthen the economic and technological partnerships between Kuwait and Japan and expand the horizons of cooperation in various fields.

Mukai expressed his pride and gratitude for the presence of the guests, stressing that the Diwaniya is a strategic opportunity to revive the Japanese-Kuwaiti Business Committee at the governmental level and exchange views on the future of trade and investment cooperation between the two countries. He pointed out that the current phase is a turning point in economic relations between the two countries, calling for strengthening cooperation in sustainable development, social responsibility, and the green economy. He affirmed that Japan is one of the largest global investment markets, with capital investments reaching approximately $700 billion in 2023. He urged the Kuwaiti businesspersons to explore the available opportunities, particularly through the Kansai-Osaka Expo, which was launched in April and will continue for six months.

He revealed the Expo showcases advanced Japanese technologies, such as room-temperature hydrogen production devices, carbon dioxide capture and emission technologies, and industrial fuel production. He said these technologies are plausible solutions for the realization of Kuwait’s goal to achieve carbon neutrality by 2050. He also cited the perovskite solar cells developed by Panasonic, which can be installed on windows and are currently used in Toyota cars that charge while driving, making them ideally suited to the sunny environment in Kuwait. In the healthcare sector, he highlighted the regenerative medicine technologies using IPS cells, which offer advanced therapeutic capabilities, calling for investment in them and their use within the healthcare system in Kuwait. He also talked about the contributions of major Japanese companies, such as Mitsubishi, Toshiba and JERA, to infrastructure and energy projects in Kuwait.

The Ambassador with some of the Kuwaiti entrepreneurs

He asserted that these projects are not merely commercial activities, as they are rather contributions to improving the quality of life. He was quick to add that these companies are facing challenges, such as the slow bidding process, delayed procedures, and lack of focus on reducing emissions. He revealed the Japanese government is engaged in a serious dialogue with the Kuwaiti side to address these challenges, calling on decision-makers to support these efforts to improve the joint business environment. He affirmed the embassy’s readiness to provide all forms of support to Kuwaiti businesspersons, wishing to introduce Japanese products and technologies to the local market. He is hoping that Kuwait will become a regional center for adopting Japanese innovations and exporting them to the Gulf states, especially Saudi Arabia and the United Arab Emirates (UAE).

On the other hand, Mubarak Al-Sayer, Executive Board Member of Al-Sayer Group, presented the history of the long-standing partnership with Japan, dating back to 1954, when the group became the first distributor of Toyota vehicles in the Middle East, thanks to his late father, Nasser Mohammed Al-Sayer. Al-Sayer explained that this relationship has evolved into a strategic partnership spanning more than seven decades, making Al-Sayer Group the largest importer of Japanese goods in Kuwait, including major brands like Toyota, Lexus, Hino, Hitachi, Kawasaki, Yokohama, Akai, Sakai, JCB, and Canon.

Mukai Kenichiro delivers a speech

He asked the Japanese government to facilitate entry for Kuwaitis by granting visas upon arrival, stressing that the Kuwaiti people’s passion for Japan is growing in the fields of education, entertainment, and commerce. He affirmed Al-Sayer Group’s commitment to continuing its longstanding partnership with Japan for future generations, stating that “this partnership is not only a legacy we cherish, but a future we are working hard to consolidate.

By Fares Ghaleb
Al-Seyassah/Arab Times Staff