Latest news with #Al-Fassam
Arab Times
3 days ago
- Business
- Arab Times
Kuwait Wins Big at Sharjah Finance Awards
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)
Arab Times
3 days ago
- Business
- Arab Times
Kuwait's Ministry of Finance wins Sharjah Award for Public Finance
KUWAIT CITY, May 29: Kuwait's Ministry of Finance has been awarded the Sharjah Award for Public Finance 2024–2025 in the institutional category, recognizing it as a distinguished entity in delivering financial services. The award was granted among participants from 17 countries. Minister of Finance and Minister of State for Economic Affairs and Investment, Noura Al-Fassam, stated in a press release on Wednesday that this recognition adds to the Ministry's growing record in modernizing financial services. She emphasized that it reflects the ongoing collaboration across ministry departments to improve financial performance and enhance service quality. Al-Fassam affirmed the Ministry's commitment to further developing its financial services, in alignment with Cabinet directives aimed at digitizing services and achieving full digital transformation. According to the statement, Undersecretary Aseel Al-Munifi accepted the award on behalf of the Ministry. The Ministry's submission included its digital payment platform for government services—which supports local and credit card payments, the Stamp application, electronic wallets, Gulf cards, and Apple Pay— as well as a prepaid credit card project enabling government agencies to carry out online purchases, pay government fees, and manage financial obligations efficiently. The Ministry noted that the award affirms its leading role in advancing financial legislation, modernizing government payment systems, and adapting to rapid changes in revenue collection and procurement. These developments are part of broader efforts to streamline documentation processes through digital platforms. Held biennially, the Sharjah Award for Public Finance is organized under the patronage of Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, and Chairman of the Executive Council. The award ceremony was presided over by Sheikh Mohammed bin Saud Al Qasimi, Chairman of the Sharjah Central Finance Department, and attended by ministers, undersecretaries, department heads, and representatives from the financial sector across the UAE and other Arab countries.
Kuwait News Agency
16-05-2025
- Business
- Kuwait News Agency
Kuwait Finance Min. praises Kuwaiti women's competence, leadership
By Abdullah Al-Khatib KUWAIT, May 16 (KUNA) -- Kuwaiti Minister of Finance and Minister of State for Economic Affairs and Investment Noora Al-Fassam affirmed on Friday that Kuwaiti women have proven their competence and leadership, and that Kuwait has always been a pioneer in supporting women. Al-Fassam told KUNA on the occasion of Kuwaiti Women's Day (which falls on May 16 of each year), that empowering women is not an option, but rather a national necessity to achieve comprehensive and sustainable development. She highlighted the directives of His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, which focus on empowering women and enhancing their participation in leadership positions. She pointed out that women represent more than 60 percent of government employees and hold approximately 18 percent of leadership and supervisory positions in the country. Women also hold advanced positions in the Ministry of Finance and other government agencies, and constitute a significant part of planning and decision-making teams, she added. Al-Fassam explained that the Ministry of Finance and its affiliated entities are working to adopt specific programs and initiatives to empower women, enhance a supportive work environment, and encourage their participation in the public and private sectors. She emphasized the need to work and commit to implementing the directives of the political leadership to support national competencies, especially Kuwaiti women, who have consistently demonstrated their ability to contribute and excel in various fields. (end)
Arab Times
03-05-2025
- Business
- Arab Times
Austrian trade delegation to visit Kuwait from May 5 to 7
VIENNA, May 3: Kuwait's Ambassador to Austria Talal Al-Fassam announced that a high-level Austrian trade delegation will visit Kuwait May 5-7, to explore economic and commercial cooperation opportunities. In a statement to KUNA, Ambassador Al-Fassam said that the delegation includes representatives from 22 Austrian companies active in key sectors such as healthcare, investment, renewable energy, firefighting technologies, construction, oil and gas, and tourism. The visit is the result of coordinated efforts between Kuwait's Embassy in Vienna, the Austro-Arab Chamber of Commerce (AACC), the Austrian Economic Chambers, and the Kuwait Chamber of Commerce and Industry, aiming to broaden prospects of cooperation between the two countries. Al-Fassam stated that this visit is an important step toward expanding cooperation and attracting quality investments aligned with Kuwait Vision 2035, and stressed the visit's significance in advancing Kuwait- Austria economic ties. Kuwait and Austria share longstanding economic relations, including cooperation in investments, technology, equipment supply, and partnerships in the energy and environmental sectors. Austria is also an active European supporter of sustainable development projects, while Kuwait is working under its 2035 vision to diversify its economy and engage with new markets and international partners. (KUNA)
Zawya
02-05-2025
- Business
- Zawya
Austrian trade delegation to visit Kuwait for economic talks in May
VIENNA: Kuwait's Ambassador to Austria Talal Al-Fassam announced that a high-level Austrian trade delegation will visit Kuwait May 5-7, to explore economic and commercial cooperation opportunities. In a statement to KUNA, Ambassador Al-Fassam said that the delegation includes representatives from 22 Austrian companies active in key sectors such as healthcare, investment, renewable energy, firefighting technologies, construction, oil and gas, and tourism. The visit is the result of coordinated efforts between Kuwait's Embassy in Vienna, the Austro-Arab Chamber of Commerce (AACC), the Austrian Economic Chambers, and the Kuwait Chamber of Commerce and Industry, aiming to broaden prospects of cooperation between the two countries. Al-Fassam stated that this visit is an important step toward expanding cooperation and attracting quality investments aligned with Kuwait Vision 2035, and stressed the visit's significance in advancing Kuwait-Austria economic ties. Kuwait and Austria share longstanding economic relations, including cooperation in investments, technology, equipment supply, and partnerships in the energy and environmental sectors. Austria is also an active European supporter of sustainable development projects, while Kuwait is working under its 2035 vision to diversify its economy and engage with new markets and international partners. All KUNA right are reserved © 2022. Provided by SyndiGate Media Inc. (
