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Boursa Kuwait concludes strategic IR workshops highlighting global trends

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KUWAIT CITY, Apr 26: Boursa Kuwait successfully concluded two high-‎impact workshops on Wednesday, April 23, 2025, in collaboration with the Middle ‎East Investor Relations Association (MEIRA), bringing together capital market ‎professionals, corporate leaders and investor relations (IR) practitioners for a day of ‎insightful discussions and practical training. ‎

The workshops provided IR practitioners with a valuable opportunity to deepen ‎their understanding of international best practices and the evolving impact of ‎global trends on the investor relations landscape. The event also formed part of ‎Boursa Kuwait’s ongoing commitment to raising awareness of the critical role that ‎the IR function plays in supporting listed companies and enhancing market ‎transparency.‎

Commenting on the success of the event, Boursa Kuwait Director of Investor ‎Relations Mr. Fahad Al-Besher said, “These workshops reflect our ongoing ‎commitment to empower listed companies with the tools and knowledge to ‎advance investor relations capabilities within the Kuwaiti capital market and build ‎a more transparent and accessible investment environment. By connecting global ‎perspectives with local relevance, we are equipping market participants with the ‎tools to foster investor confidence and drive sustainable market growth. I would like ‎to sincerely thank our partners at MEIRA, our speakers and all attendees for their ‎ongoing dedication to advancing investor relations in the region.”‎

The first session, titled “From Global Trends to Local Impact – Understanding ‎Macro Sentiment from the World to Kuwait,” was led by Jaap Mejer, Head of Sell-‎side Research at Arqaam Capital and offered a comprehensive analysis of global ‎macroeconomic trends and their ripple effects across the GCC, with a particular ‎focus on Kuwait. Topics included interest rate trajectories, capital flows, regional ‎fiscal sustainability and Kuwait’s evolving regulatory and institutional landscape.‎

‎“Our session offered a timely overview of how macroeconomic dynamics—ranging ‎from shifting monetary policies to geopolitical risk—are shaping investor sentiment ‎and influencing capital flows across the GCC. By connecting these global trends ‎to Kuwait’s economic and regulatory context, we aimed to equip stakeholders with ‎actionable insights to navigate today’s complex market environment. I’d like to ‎thank Boursa Kuwait for the opportunity to share these perspectives and for their ‎continued leadership in advancing financial literacy and transparency,” stated Mr. ‎Mejer.‎

Meanwhile, the second session, “How to Best Target and Engage with Investors,” ‎was given by Mr. Sam Ryan Siahpolo, Partner at Instinctif Partners, who shared ‎practical strategies for identifying, engaging, and retaining diverse investor types. ‎Participants gained valuable insights into building targeted engagement plans, ‎aligning corporate messaging with investor expectations, and leveraging ‎disclosure and ESG commitments to broaden their shareholder base.‎

Speaking at the event, Mr. Siahpolosaid, “Engaging with Kuwait’s capital market ‎professionals on how to refine investor targeting and deepen engagement ‎strategies was a rewarding experience. As IR continues to evolve in both scope ‎and complexity, companies must adapt their approaches to align with the ‎expectations of a global investor base. I would like to extend my sincere thanks to ‎Boursa Kuwait for hosting this initiative and for their commitment to strengthening ‎IR capabilities in the region.”‎

‎“Today’s sessions highlighted the importance of continuous learning in an ever-‎evolving market landscape. Our long-standing strategic partnership with Boursa ‎Kuwait reflects a shared commitment to advancing the IR function in Kuwait and ‎across the region. At MEIRA, we believe our success is built on the dedication of ‎our members and the expertise of our partners. I would like to thank the bourse for ‎its unwavering support and its efforts to equip market participants with the tools ‎and insights needed to thrive in today’s dynamic financial environment,” said ‎MEIRA CEO Paolo Casamassima. ‎

Mr. Mohammad Abdal, Chairman of the Kuwait chapter of the Middle East ‎Investor Relations Association spoke about the rapidly evolving IR field, saying: ‎‎“Investor relations is becoming a core pillar of effective corporate strategy and ‎capital market development. In Kuwait, advancing IR standards is essential to ‎building investor trust, promoting transparency and enhancing the global ‎competitiveness of our market. The Middle East Investor Relations Association and ‎its Kuwait chapter are proud to support initiatives that equip listed companies with ‎the skills and knowledge needed to engage more meaningfully with investors and ‎adapt to evolving stakeholder expectations.”‎

Organizing enlightening workshops and other educational initiatives form an ‎integral part of Boursa Kuwait’s Corporate Sustainability strategy, which aims to ‎create a lasting and meaningful impact on the communities where it operates. ‎These programs also reinforce the exchange’s unwavering commitment and ‎continuous efforts to equip all market participants with an in-depth understanding ‎of the functioning of capital markets and various tools and techniques required to ‎make informed investment decisions and effectively meet investors’ needs. It also ‎aligns with Goal 4 – Quality Education – and Goal 17 – Partnership for the Goals – of ‎the United Nation’s Sustainable Development Goals.‎

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Trump tells US steelworkers he’s going to double tariffs on foreign steel to 50%

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US President Donald Trump speaks to reporters in the rain after arriving on Air Force One at Joint Base Andrews, Md on May 30. (AP)

WEST MIFFLIN, Pa, May 31, (AP): US President Donald Trump on Friday told Pennsylvania steelworkers he’s doubling the tariff on steel imports to 50% to protect their industry, a dramatic increase that could further push up prices for a metal used to make housing, autos and other goods. In a post later on his Truth Social platform, he added that aluminum tariffs would also be doubled to 50%. He said both tariff hikes would go into effect Wednesday.

Trump spoke at US Steel’s Mon Valley Works-Irvin Plant in suburban Pittsburgh, where he also discussed a details-to-come deal under which Japan’s Nippon Steel will invest in the iconic American steelmaker. Trump told reporters after he arrived back in Washington that he still has to approve the deal. “I have to approve the final deal with Nippon and we haven’t seen that final deal yet, but they’ve made a very big commitment and it’s a very big investment,” he said.

Though Trump initially vowed to block the Japanese steelmaker’s bid to buy Pittsburgh-based US Steel, he reversed course and announced an agreement last week for “partial ownership” by Nippon. It’s unclear, though, if the deal his administration helped broker has been finalized or how ownership would be structured.

Nippon Steel has never said it is backing off its bid to outright buy and control US Steel as a wholly owned subsidiary, even as it increased the amount of money it promised to invest in US Steel plants and gave guarantees that it wouldn’t lay off workers or close plants as it sought federal approval of the acquisition. “We’re here today to celebrate a blockbuster agreement that will ensure this storied American company stays an American company,” Trump said as he opened an event at one of US Steel’s warehouses.

“You’re going to stay an American company, you know that, right?” As for the tariffs, Trump said doubling the levies on imported steel “will even further secure the steel industry in the US.” But such a dramatic increase could push prices even higher. Steel prices have climbed 16% since Trump became president in mid-January, according to the government’s Producer Price Index.   

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Kuwait Wins Big at Sharjah Finance Awards

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Kuwait’s Minister of Finance Noura Al-Fassam in a group photo.

KUWAIT CITY, May 29: The Ministry of Finance said it won the third edition of the Sharjah Award for Public Finance (2024-2025) in recognition of its outstanding role in providing financial services. Representatives of 17 countries vied for the award, the Ministry noted in a press release on Wednesday. Minister of Finance Noura Al- Fassam stated that winning this award reflects the ministry’s efforts in improving the efficiency of financial performance and enhancing the quality of services provided. The ministry confirmed that it is continuing to develop financial services under directives from the Council of Ministers towards digitizing services. The statement added that Al-Fassam received the award on behalf of the ministry, which participated in the digital payment project for government services that enables government entities to purchase online, pay government fees, and meet various needs to fulfill their financial obligations. (KUNA)

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Kuwait taps Google for smart finance overhaul

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Kuwait’s Finance Minister Noura Al-Fassam with Google Cloud’s Vice President of Customer Engineering for the Middle East, Africa and Europe Chris Lindsay in a group photo.

KUWAIT CITY, May 29: Kuwait’s Finance Minister Noura Al-Fassam held talks on Wednesday with Google Cloud’s Vice President of Customer Engineering for the Middle East, Africa and Europe Chris Lindsay, focusing on efforts to push forward a national digital drive. The digital transformation, including a transition into a cloud-based financial system that guarantees more “flexibility and transparency,” represents the focal point of economic reforms in Kuwait, according to a finance ministry statement.
Kuwait’s finance ministry will be among the first state bodies to make the transition into a digital system, which is a testament to its “commitment” to employ cutting-edge technology, such as Artificial Intelligence tools, in a bid to improve the quality of its services, the statement underlined. The talks come as part of the “strategic partnership” agreement between Kuwait and the US tech giant, which aims to develop advanced digital infrastructure across all state bodies, added the statement. It went on to espouse the merits of a full-fledged digital transformation, citing streamlined processes, data-driven decision-making and greater efficiency as chief among those benefits.(KUNA)

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