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Al Sager: NBK Not Only Overcomes Challenges — It Transforms Them into Opportunities for a Stronger, More Sustainable Future
Minister of Oil representative Nouf Behbehani inaugurates the 12th International Conference on Occupational Safety, Health and Cybersecurity.
KUWAIT CITY, May 8: Minister of Oil representative at the 12th International Conference on Occupational Safety, Health and Cybersecurity and acting Director General of the Environment Public Authority (EPA) Nouf Behbehani has affirmed the commitment of the ministry to provide all the necessary facilities to industrialists as part of the expansion of craft and industrial enterprises supporting the oil sector. Speaking on the sidelines of the conference organized by the American Society of Occupational Safety and Health Professionals-Kuwait Branch on May 7-8, Behbehani pointed out that EPA Law No. 42/2014 and its amendment, Law No. 99/2015, require all parties to implement health and occupational regulations in newly established industrial facilities in order to obtain professional and preventative accreditation. She stressed that the authority is striving to facilitate the process of obtaining approvals and accreditation for facilities in accordance with the regulations, indicating EPA has adopted an open-door policy for all professionals and industrialists. She explained the accreditation for entities seeking to implement quality must take into account occupational health and preventive regulations, while emphasizing the need to provide awareness opportunities for the industrial and oil sectors and all sectors involved in hazardous work.
She praised the role of the conference organizers; considering this a crucial step in keeping up with developments in the fields of security, safety, and protection from fires and disasters. Moreover, Chairman of the Board of Directors of the American Society of Safety Professionals Fadel Al-Ali revealed the conference focused on the latest developments in health and safety technology and policies, procedures and changes “that make us more determined and committed to implement them.” He said the conference workshops included stakeholders from governmental and private entities; as well as specialists in health, safety and the environment, with the aim of improving performance and keeping pace with developments. He added the oil and industrial sectors are the most impacted by security and safety operations. “Therefore, the society focuses on these entities and their participation. The Ministry of Oil and Kuwait Petroleum Corporation are the sponsors of the conference. Challenges are ongoing; hence, the need for joint action to overcome them,” he stressed.
He urged all stakeholders in the oil, industrial and contracting industries to be updated on global requirements and policies, as well as utilize and implement best practices. He said the conference tackled more than 20 working papers, including research on regional and global security and safety issues. CEO of the American Society of Occupational Safety Professionals – Kuwait Branch Eng. Bader Al-Hadrami stated that artificial intelligence currently provides valuable opportunities to develop the occupational safety and health systems, including modern mechanisms that help implement requirements quickly. He added the 12th edition of the conference focuses on diverse experiences, with more than 200 participants, to achieve the greatest possible benefit for those who participate in the workshops and lectures. He stated that the most difficult challenge is cybersecurity, which has prompted the society to focus on it, based on emerging solutions. He said the discussions set specific standards for measuring the risk index in protection and developing optimal solutions.
Conference Director General Ahmed Ismail said that after 25 years of conference work, this year’s conference seeks to achieve the greatest possible success by discussing the latest developments in the field of health and safety, with the aim of producing the best recommendations that serve participants locally and regionally. He disclosed that the conference participants include ministries, government agencies, oil sector companies and the private sector — all of whom are interested in the fields of health, security, and safety. He added that the cost of implementing international safety standards is estimated at tens of millions of dollars annually, with the amount varying from one entity to another; depending on the region, entity and surrounding risks. He pointed out that spending on security and safety has increased over the past 10 years, given the heightened focus on these areas. Occupational Safety Consultant Mansour Fayez Al-Maghamsi explained that his participation in the exhibition stems from his membership in the American Society of Occupational Safety Professionals. He also presented a working paper on occupational safety and health management in petroleum refineries, as it is the main pillar for aircraft refueling and other industries. He said the society boasts of extensive expertise in cybersecurity and other areas needed by many sectors, in addition to providing members and others with the latest developments in the field of occupational health and safety.
By Najeh Bilal
Al-Seyassah/Arab Times Staff
An Emirates jetliner comes in for landing at the Dubai International Airport in Dubai, United Arab Emirates, Dec 11, 2019. (AP)
DUBAI, United Arab Emirates, May 8, (AP): Long-haul carrier Emirates reported on Thursday that it earned annual profits of $5.2 billion, making it one of the world’s most-profitable airlines. The Dubai-based carrier served 53.7 million passengers out of its hub of Dubai International Airport, compared to 51.9 million passengers in the fiscal year prior. It had aftertax profits of $4.7 billion that same period.
The overall Emirates Group, owned by Dubai’s sovereign wealth fund known as the Investment Corporation of Dubai, saw annual profits of $5.6 billion, compared to $5.1 billion the year before. “Our excellent financial standing enables us to continue building on and scaling up from our successful business models,” said Sheikh Ahmed bin Saeed Al Maktom, Emirates’ chairman and chief executive.
“While some markets are jittery about trade and travel restrictions, volatility is not new in our industry,” he said. “We simply adapt and navigate around these challenges.” Emirates’ financial year runs from April 1 to March 31, including revenue from both 2024 and 2025. The carrier reported to have 260 aircraft and that it’s flying to 148 locations around the world, long relying on the Boeing 777 and the double-decker Airbus A380.
However, Emirates has begun introducing the Airbus A350 as well to its schedule. Emirates serves as a crucial link in East-West travel and is the crown jewel of what experts and diplomats refer to as “Dubai Inc.” – a series of interconnected companies overseen by the sheikhdom’s ruling Al Maktoum family. The Emirates’ results track with those for its base, Dubai International Airport.
The world’s busiest airport for international travelers had a record 92.3 million passengers pass through its terminals in 2024. The airport now plans to move to the city-state’s second, sprawling airfield in its southern desert reaches in the next 10 years in a project worth nearly $35 billion. A real-estate boom and the city’s highest-ever tourism numbers have made Dubai a destination as well as a layover.
However, the city is now grappling with increasing traffic and costs pressuring both its Emirati citizens and the foreign residents who power its economy. As one of seven hereditarily ruled, autocratic sheikhdoms that make up the United Arab Emirates, Dubai provided Emirates over $4 billion in a bailout at the height of the pandemic. In its report on Thursday, Emirates said it had repaid $3.6 billion of that loan.
People stand in front of an electronic stock board showing Japan’s Nikkei index at a securities firm on May 8, 2025, in Tokyo. (AP)
TOKYO, May 8, (AP): Asian shares rose moderately Thursday after a lackluster finish on Wall Street, with most shares ticking higher after the Federal Reserve left its main interest rate unchanged, as was widely expected. Japan’s benchmark Nikkei 225 edged up 0.4% in afternoon trading to 36,943.30. Australia’s S&P/ASX 200 added 0.2% to 8,191.70.
South Korea’s Kospi rose 0.3% to 2,582.07. Hong Kong’s Hang Seng surged 0.5% to 22,807.50, while the Shanghai Composite gained 0.3% to 3,353.81. Investors continue to watch with trepidation President Donald Trump ‘s comments about the trade imbalance, as well as the reactions from various nations to appease the US administration and the overall confusion over the long-term economic impact.
Geo-political tensions also weighed on market sentiments, centered around the standoff between India and Pakistan. Pakistan has said it will avenge those killed by India’s missile strikes, which New Delhi called retaliation for last month’s massacre of Indian tourists in India-controlled Kashmir. Pakistan called the strikes an act of war and claimed it downed several Indian fighter jets.
The missiles killed 31 people, including women and children, in Pakistan-administered Kashmir and the country’s Punjab province, Pakistan’s military said. The strikes targeted at least nine sites “where terrorist attacks against India have been planned,” India’s Defense Ministry said. Two mosques were hit. On Wall Street, the S&P 500 gained 0.4%, coming off a two-day losing streak that had snapped its nine-day winning run.
The Dow Jones Industrial Average added 284 points, or 0.7%, and the Nasdaq composite rose 0.3%. Indexes swiveled repeatedly through the day, and the Dow briefly climbed as many as 400 points on hopes that the United States and China may be making the first moves toward a trade deal that could protect the global economy.
The world’s two largest economies have been placing ever-increasing tariffs on products coming from each other in an escalating trade war, and the fear is that they could cause a recession unless they allow trade to move more freely. The announcement for high-level talks between US and Chinese officials this weekend in Switzerland helped raise optimism, but some of that washed away after Trump said he would not reduce his 145% tariffs on Chinese goods as a condition for negotiations.
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