
Gulf Bank Concludes Successful Participation in University Admission Fairs at Kuwait University and Abdullah Al-Salem University
Gulf Bank took part in the interactive admission fair held at Kuwait University's Sabah Al-Salem University City in Al-Shadadiya from 19 to 29 July 2025. The Bank's booth attracted a high turnout from students and parents, who showed great interest in the banking services designed for university students.
Similarly, the Bank participated in the admission fair hosted by Abdullah Al-Salem University at its Khaldiya campus from 6 to 17 July 2025. Gulf Bank's presence featured direct interaction with visitors, providing comprehensive information on student accounts and other tailored services.
These participations are part of Gulf Bank's continuous efforts to strengthen engagement with youth and support them in the early stages of their academic journey. Alongside sharing information on academic majors and admission processes, the Bank also offered financial tips to help students manage their resources effectively from the start of their university life.
At both events, Gulf Bank showcased its red account, one of its leading banking solutions designed for customers aged 15 to 25. The account offers a wide range of benefits, including prepaid cards, exclusive discounts, rewards on purchases, and access to unique events and experiences that enrich both personal and professional growth.
Beyond its features, the red account serves as a platform to promote financial literacy among youth, equipping them with the knowledge and skills to make informed financial decisions early in life – positively shaping their future and fostering a generation that is financially aware and capable of managing resources effectively.
Gulf Bank's team expressed pride in supporting students throughout their high school and university years, offering innovative banking services designed to keep pace with their fast-paced lifestyles.
Gulf Bank concluded its participation by thanking the administrations of both universities for organizing the fairs, which serve as valuable platforms to connect with youth. The Bank reaffirmed its commitment to continuing its support for educational and youth initiatives that contribute to Kuwait's development and enhance the quality of life for its students and community.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Arab Times
4 hours ago
- Arab Times
New rules to improve governance and Kuwaitize supervisory roles in cooperatives
KUWAIT CITY, Aug 14: Dr. Amthal Al-Huwailah, Minister of Social Affairs, Family and Childhood Affairs, announced on Wednesday the issuance of a ministerial decision introducing significant amendments to the cooperative work bylaw. The reforms aim to establish strong governance principles, implement organized employment policies, and enhance the Kuwaitization of supervisory positions within cooperative societies through a unified central mechanism. Minister Al-Huwailah emphasized that these amendments align with the ministry's vision to develop the cooperative sector, improve operational and administrative efficiency, and provide superior services to shareholders and consumers. The changes also support Kuwait's broader strategy to increase the participation of national competencies in leadership roles across various sectors. The decision introduces a centralized committee responsible for filling key supervisory positions — namely: general manager, deputy general manager, and department head. This committee is headed by the ministry's undersecretary and includes representatives from the Public Authority for Manpower, the Union of Consumer Cooperative Societies, and relevant ministry departments. Applications for these leadership roles will be processed exclusively via the 'Fakhrna' platform, operated by the Public Authority for Manpower. The recruitment process will be overseen by the committee, starting with application reviews, followed by electronic written tests administered in cooperation with an accredited university, requiring candidates to achieve a minimum success rate of 80 percent. The final stage consists of personal interviews to select the most qualified national talents. The minister clarified that candidates must meet clear conditions to be eligible for supervisory roles, including being Kuwaiti nationals of good conduct, not retired, and possessing the necessary academic qualifications and practical experience relevant to the leadership positions. Successful completion of all evaluation stages is mandatory. Minister Al-Huwailah highlighted that these amendments mark a crucial step toward enhancing professionalism and transparency in the cooperative sector's appointment processes. She added that the reforms will ensure the selection of competent national leaders, positively impacting the performance of cooperative societies and improving services for shareholders and consumers. Furthermore, the amendments will strengthen Kuwaitization efforts and create more opportunities for Kuwaiti youth to actively contribute to the country's development.

Kuwait Times
17 hours ago
- Kuwait Times
Kuwait population reaches 5.099 million; Budget revenues could hit KD 18.276bn
Kuwaitis make up 75.6% of employees in public sector KUWAIT: The total population in Kuwait reached approximately 5.099 million people by the end of June 2025, marking a growth of about 2.2 percent—or an absolute increase of around 111,000 people—compared to the end of 2024 when the population was 4.988 million, according to the data released by the Public Authority for Civil Information. The PACI has released the latest detailed data on population and labor statistics as of the end of June 2025. The proportion of Kuwaitis in the total population also dropped— from about 31.7 percent at the end of the first half of 2024 to around 30.4 percent according to the latest figures. The number of Kuwaiti males, at approximately 776.7 thousand, slightly exceeds that of Kuwaiti females, at around 773.9 thousand. Meanwhile, the number of non-Kuwaiti residents increased by about 189.3 thousand people, representing a growth rate of approximately 5.6 percent, bringing their total to around 3.548 million. The compound annual growth rate (CAGR) of the non-Kuwaiti population from 2015 to June 2025 was about 2.0 percent. The total number of workers in Kuwait reached approximately 3.142 million, representing about 61.6 percent of the total population. For Kuwaiti citizens, the employment-to-population ratio stood at about 31.7 percent of the total Kuwaiti population. Notably, the percentage of employed non-Kuwaitis out of the total non-Kuwaiti population was around 74.7 percent. When compared to the end of June 2024, the share of Kuwaiti workers within the total workforce in Kuwait decreased from about 16.6 percent to approximately 15.6 percent in June 2025. Additionally, the proportion of female workers among the total Kuwaiti workforce declined to around 49.3 percent by the end of the first half of the current year, down from 51.2 percent in June 2024. Female workers made up around 30.3 percent of the total workforce in Kuwait. The number of employed Kuwaiti nationals declined by approximately 15.2 thousand, bringing the total to around 491.1 thousand workers, down from about 506.4 thousand at the end of June 2024. Of these, about 392.9 thousand were employed in the government sector, accounting for 80.0 percent of all working Kuwaitis. This figure differs from the 83.8 percent reported by the CSB, both entities being government institutions, which may be due to the inclusion of unemployed individuals or those on waiting lists in the latter's figures. It is believed that the number of openly unemployed Kuwaitis slightly increased to around 30.7 thousand individuals, representing approximately 6.2 percent of the total Kuwaiti labor force by the end of June 2025, compared to about 29.9 thousand or 5.9 percent at the end of June 2024. The total number of workers (both Kuwaiti and non-Kuwaiti) in the government sector reached about 520 thousand, which accounts for roughly 16.5 percent of the total population. Kuwaitis made up approximately 75.6 percent of all employees in the public sector. Kuwait oil price edges up By the end of July 2025, the fourth month of the current fiscal year 2025/2026 had concluded. The average price of Kuwaiti oil per barrel for July was around $71.4, an increase of $1.5 per barrel or by 2.2 percent compared to the June's average of $69.9 per barrel. It was also higher by $3.4 per barrel or by 5.0 percent, compared to the new assumed price in the current budget which is set at $68 per barrel. When comparing this figure to the approved expenditures of KD 24.538 billion, it is likely that the general budget for the current fiscal year 2025/2026 will record a deficit of KD 6.262 billion. However, the dominant factor remains the developments in oil revenues and the potential for savings in expenditures. Furthermore, the average price of Kuwaiti oil per barrel for the elapsed period of the current fiscal year stood at $69, that is lower by $10.7 or by-13.4 percent compared to the average price per barrel of the previous fiscal year 2024/2025, which was around $79.7. It is also lower by $21.5 or by 23.7 percent, compared to the breakeven price in the current budget at $90.5, according to estimates by the Ministry of Finance and following the suspension of the 10 percent deduction from total revenues for the Future Generations Reserve. It is assumed that Kuwait generated oil revenues of KD 1.352 billion in July. Assuming that production levels and prices remain unchanged, an assumption that may not hold, total oil revenues for the entire current fiscal year are expected to reach KD 15.350 billion after deducting production costs. This figure is around KD 45 million higher than the estimated amount in the current fiscal year's budget, which is at KD 15.305 billion. With the addition of around KD 2.926 billion in non-oil revenues, the total budget revenues for the current fiscal year would amount to KD 18.276 billion. An announcement was made on July 22, 2025, regarding the actual budget deficit (the final account) for the previous fiscal year 2024/2025, which amounted to KD 1.056 billion. However, the detailed figures of that final account have not yet been published, making it difficult to analyze the situation.

Kuwait Times
17 hours ago
- Kuwait Times
Gulf Bank concludes participation in university admission fairs
KUWAIT: As part of its ongoing commitment to supporting education and empowering Kuwaiti youth, Gulf Bank has successfully concluded its distinguished participation in the university admission fairs at Kuwait University and Abdullah Al-Salem University. The Bank actively engaged with new students, introducing them to its tailored banking solutions designed specifically for young people. Gulf Bank took part in the interactive admission fair held at Kuwait University's Sabah Al-Salem University City in Al-Shadadiya from 19 to 29 July 2025. The Bank's booth attracted a high turnout from students and parents, who showed great interest in the banking services designed for university students. Similarly, the Bank participated in the admission fair hosted by Abdullah Al-Salem University at its Khaldiya campus from 6 to 17 July 2025. Gulf Bank's presence featured direct interaction with visitors, providing comprehensive information on student accounts and other tailored services. These participations are part of Gulf Bank's continuous efforts to strengthen engagement with youth and support them in the early stages of their academic journey. Alongside sharing information on academic majors and admission processes, the Bank also offered financial tips to help students manage their resources effectively from the start of their university life. At both events, Gulf Bank showcased its red account, one of its leading banking solutions designed for customers aged 15 to 25. The account offers a wide range of benefits, including prepaid cards, exclusive discounts, rewards on purchases, and access to unique events and experiences that enrich both personal and professional growth. Beyond its features, the red account serves as a platform to promote financial literacy among youth, equipping them with the knowledge and skills to make informed financial decisions early in life – positively shaping their future and fostering a generation that is financially aware and capable of managing resources effectively. Gulf Bank's team expressed pride in supporting students throughout their high school and university years, offering innovative banking services designed to keep pace with their fast-paced lifestyles. Gulf Bank concluded its participation by thanking the administrations of both universities for organizing the fairs, which serve as valuable platforms to connect with youth. The Bank reaffirmed its commitment to continuing its support for educational and youth initiatives that contribute to Kuwait's development and enhance the quality of life for its students and community.