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Weyay Bank empowers new students as sponsor of PAAET orientation

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KUWAIT: In the presence of Mohammed Al-Othman, Chief Executive Officer of Consumer and Digital Banking Group at the National Bank of Kuwait and Dr Hassan Al-Fajjam, Director General of the Authority for Applied Education and Training (PAAET), Weyay Bank, Kuwait’s first fully digital bank, participated as the strategic sponsor of the orientation forum for new students organized by PAAET. The event took place on September 8–9 at the Kuwait International Fairgrounds in Mishref, drawing over 16,000 new students. It aimed to welcome and guide students as they embark on their academic journey.

Weyay’s presence at the event reflects its commitment to empowering Kuwaiti youth by providing them with the tools and financial solutions they need to succeed. The Bank’s team showcased its seamless digital banking experience, allowing students to open accounts within minutes—without the need to visit a physical branch. This aligns with the fast-paced, mobile-first lifestyle of today’s youth. Students also explored the features of the Weyay app, including instant and secure money transfers within Kuwait and abroad. One of the key highlights was the ability to digitally transfer student allowances directly into their Weyay accounts and access the exclusive SELECT prepaid digital card.

Designed specifically for student allowance customers, the card offers up to 40 percent cashback on purchases and special discounts at popular youth-focused outlets such as Caribou Coffee and Flare Fitness. Throughout the two-day event, the Weyay team provided students with practical tips on managing their finances smartly using the app’s budgeting and tracking tools. Weyay Bank reaffirmed its dedication to supporting young people with innovative banking solutions that foster financial independence and confidence as they begin their university life.

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Amiri Diwan officials receive Gulf envoys, sports delegation

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KUWAIT: Minister of Amiri Diwan Affairs Sheikh Hamad Jaber Al-Ali Al-Sabah and Chief of the Diwan of His Highness the Crown Prince Sheikh Thamer Jaber Al-Ahmad Al-Sabah on Monday received Gulf envoys at Bayan Palace to extend congratulations on their new appointments.

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The officials received Saudi Ambassador to Kuwait Prince Sultan bin Saad bin Khalid Al-Saud, Bahraini Ambassador Salah Ali Al-Maliki and Qatari Ambassador Ali bin Abdullah Al-Mahmoud. On the same day, Sheikh Hamad also received a delegation from the Kuwait Sports Club for the Deaf, reaffirming the government’s support for sports and initiatives promoting the inclusion of people with disabilities. — KUNA

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New decree regulates expatriates’ ownership of real estate in Kuwait

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KUWAIT: The council of ministers has recently approved an Amiri decree allowing listed companies in which non-Kuwaitis have shares to own real estate in the country provided the ownership does not include private residence. Under a Kuwaiti law issued in 1979, such companies are banned from owning property in the country and only Arab individuals can own only one house or land based on an Amiri decree.

Foreigners who inherit property from their Kuwaiti mothers must sell it within one year, according to the legislation. Foreign embassies can own a maximum of 4,000 square meters to build their own premises based on reciprocal treatment. Most Gulf countries currently allow foreigners to own houses directly and some states even offer long term residence permits for big buyers. The new draft decree, published in local media, 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 draft decree said. Such companies are not allowed to purchase land used for private housing, it states. Nationals of the Gulf Cooperation Council (GCC) member states are treated like Kuwaitis in owning property in Kuwait, the decree states.

In another development, Interior Minister Sheikh Fahad Al-Yousef Al-Sabah on Wednesday chaired a meeting for senior representatives of ministries and government departments to discuss the situation of thousands of people who were stripped of their Kuwaiti citizenship. Over the past 18 months, authorities have revoked the citizenship of around 50,000 people, according to statements made by the interior minister.

A majority of those were foreign women who obtained citizenship through marriage to Kuwaiti husbands and people who rendered great services to the country. Authorities have maintained that they will preserve most of the benefits these two categories had enjoyed when they were Kuwaitis including their jobs except senior positions, salaries and pensions. Authorities have also asked them to start procedures to reclaim citizenship from their original countries as a precondition to keep the benefits. Several thousand other Kuwaitis lost their citizenship for forgery and cheating in addition to having a second citizenship which is banned in Kuwait.

The Cabinet has recently approved a draft decree requiring Kuwaiti parents to add their new-born babies to their citizenship files within 60 days of birth or face a fine of between KD 2,000 and KD 3,000. Previously, parents had the chance to add their babies to their files before they reached 18 years of age, allowing for irregularities.

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Ahmadi Governor launches ‘ECO’ initiative to tackle electronic waste in schools

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Ahmadi Governor launches ‘ECO’ initiative to tackle electronic waste in schools

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