Latest news with #Al-Sumait
Kuwait Times
15-05-2025
- Health
- Kuwait Times
Experts warn of risk factors as colon cancer on the rise
Experts warn of risk factors as colon cancer on the rise KUWAIT: Colorectal cancer has become one of the leading types of cancer in Kuwait, now ranking first among men and second among women, according to recent data from the Kuwait Cancer Control Center. Speaking at the launch of the the Cancer Aware Nation's (CAN) Colorectal Cancer Awareness Campaign Dr Khalid Ahmad Al-Saleh, Chairman of CAN's Board, warned that lifestyle choices, particularly diet and physical inactivity, are contributing significantly to this alarming trend. Dr Al-Saleh pointed out a troubling shift in cancer cases: 'Back in 1981–1982, colorectal cancer was ranked 8th in prevalence. Today, it ranks first among men and second among women in Kuwait.' He referenced data from the Kuwait Cancer Control Center, which reported 2,775 new cancer cases in 2020. Among these, there were 289 cases of colorectal cancer in Kuwaitis, and 120 cases in non-Kuwaitis (66 in men and 54 in women). A notable finding, he said, is the disproportionate rate of colorectal cancer among Kuwaiti men - 90 cases - despite non-Kuwaitis making up three times the population. 'This suggests there may be a problem with dietary habits among Kuwaitis. One major issue is the widespread consumption of fast food, which is ordered in large quantities every day,' he explained. He further stressed that cancer is a chronic disease, meaning the choices people make today - especially around food - can affect their health decades later. Dr Alnoud Al-Sumait highlighted the critical role of early detection. 'Colorectal cancer often develops silently, but with early screening, lives can be saved.' She explained that the disease involves abnormal cell growth and progresses very slowly, typically over 10 to 20 years. Both environmental and genetic factors contribute to its development, and it can often be cured if caught early. According to the Global Cancer Observatory, colorectal cancer is the third most common cancer worldwide. Dr Al-Sumait identified both uncontrollable and controllable risk factors. While age, family history, and chronic intestinal diseases cannot be changed, modifiable risks include poor diet, lack of physical activity, smoking and obesity. She warned about foods that raise the risk of colorectal cancer, especially processed meats, red meat and ultra-processed foods. These include fizzy drinks, instant soups, sweets, biscuits, colored breakfast cereals, and flavored yogurts - products typically high in fat and low in fiber. She explained that red meat contains heme iron, which can damage the colon lining and promote the formation of harmful compounds like N-nitroso, known to increase the risk of DNA mutations. Processed meats carry similar risks. In terms of prevention, Dr Al-Sumait recommended the following: Consume 25–35 grams of fiber daily; limit red meat intake to 500 grams per week; avoid processed meats; use healthy cooking methods; engage in regular physical activity; quit smoking; and undergo routine medical check-ups. Dr Al-Saleh emphasized that raising awareness requires patience and determination. 'Unfortunately, awareness is progressing slowly - not only in Kuwait but across many parts of the world, where there is still more focus on treatment than prevention,' he noted. To reduce the risk of colorectal cancer, doctors recommend: •A diet rich in fiber (25–35 grams daily) •Limiting red meat to 500 grams per week •Avoiding processed meats entirely •Regular physical activity •Quitting smoking •Periodic screenings. Factbox
Arab Times
15-05-2025
- Politics
- Arab Times
Kuwait will not compromise on human rights
KUWAIT CITY, May 15: 'Human rights in Kuwait are protected under the Constitution and existing laws. New legislation is being developed to ensure that Kuwait remains a pioneer, as it has long been,' said Minister of Justice Nasser Al- Sumait in an exclusive interview. He expressed his satisfaction with the unanimous approval of Kuwait's national report during the recent session of the United Nations Human Rights Council in Geneva, which was attended by representatives from approximately 115 member states. Minister Al-Sumait said, 'The unanimous approval of Kuwait's fourth national report reflects the extent of progress made recently, especially within the short tenure of the current government, regarding important issues included in the report, particularly those concerning citizenship, and civil and human rights, which Kuwait will never compromise. Kuwait succeeded in fulfilling the Human Rights Council's recommendations ahead of the final session. The country is currently working to develop legislation related to other recommendations, in line with the directives of His Highness the Amir of Kuwait Sheikh Meshal Al- Ahmad Al-Jaber Al-Sabah, who always emphasizes the importance of ensuring that everyone enjoys their rights without discrimination. Kuwait has taken note of the Human Rights Council's observations regarding freedom of opinion and expression. It is well known that media and expression freedoms are fully guaranteed in Kuwait under existing laws. However, there are red lines that cannot be crossed, such as harming individuals' reputations or offending His Highness the Amir. Kuwait does not allow anything that contradicts Islamic law or is otherwise prohibited by law. Aside from these exceptions, freedom of opinion and expression is protected in Kuwait, and is based on firm and longstanding foundations that date back centuries, not merely decades. Work is currently underway to amend some outdated laws, particularly those related to financial issues, most notably, the penalties for issuing bounced checks. There is an ongoing effort to either repeal or amend the relevant article to protect the human rights of individuals involved, including abolishing criminalization and imprisonment, as these are seen as restrictions on personal freedom. The report also includes guarantees that the civil rights and freedom of work for individuals whose citizenship has been revoked will not be affected. Measures are being taken in this regard under the directives of the supreme leadership. His Highness the Amir is keen about ensuring that no one is subjected to injustice. This matter is being closely and directly followed by His Highness the Amir, His Highness the Crown Prince, and His Highness the Prime Minister. Kuwait has recently seen the emergence of new types of crimes that were not seen previously, and these require firm and effective legislation. For this reason, we are working with the relevant institutions to draft practical laws that reflect current realities as well as uphold human rights.' Regarding the Human Rights Council's recommendation to abolish the sponsorship (kafala) system, Minister Al-Sumait said, 'Serious steps are being taken in that direction. These efforts aim to preserve national sovereignty, as well as ensure workers enjoy their full rights, and to support the development of commercial, industrial, and service sectors.' Minister Al-Sumait affirmed that positive steps have already been taken in response to the Human Rights Council's recommendation to strengthen legislation for combating domestic violence and to intensify efforts against intolerance, prejudice, and discrimination, particularly toward foreigners. He added that a great deal of work is ongoing to meet the objectives of these recommendations. Minister Nasser Al-Sumait concluded by stressing that, 'We are working tirelessly to position Kuwait as a leader in the field of human rights. This mission requires great effort, and we are racing against time to meet the high standards and goals set by His Highness the Amir for the government upon taking the Constitutional oath.'
Kuwait Times
14-05-2025
- Business
- Kuwait Times
Al-Ahli Bank of Kuwait Group holds Q1 2025 analyst conference call
ABK's diversified footprint continues to drive its growth momentum KUWAIT: Al-Ahli Bank of Kuwait (ABK) recently hosted its Q1 2025 analyst conference attended by Abdulla Al-Sumait, Acting Group Chief Executive Officer; Shiamak Soonawalla, Group Chief Finance Officer; Abdulaziz Jawad, Chief Strategy Officer; and Osama Ezzeldin, Assistant General Manager of Strategy and Follow Up. Al-Sumait began with discussing the financial highlights for Q1 2025. 'ABK achieved a healthy net profit growth of 8 percent to KD 15.7 million. Earnings per share remained stable at 5 fils, and our capital adequacy ratio stood robustly at 16.78 percent.' 'On the lending side, ABK's loan portfolio expanded by 10 percent year-on-year, supported by our disciplined credit underwriting standards. Asset quality remains strong, with our NPL ratio well controlled at 1.38 percent, reflecting our continued focus on maintaining strong asset quality,' Al-Sumait said. He added, 'Our diversified footprint continues to drive our growth momentum. Our international operations, including our UAE branches and ABK-Egypt, contributed a solid 40 percent of operating income and accounted for 37 percent of total assets, highlighting the strength of our regional diversification strategy.' Al-Sumait shared that ABK launched key strategic initiatives during the quarter to reinforce its competitive advantage and enhance customer experience. Major achievements in Q1 2025 included the launch of its new mobile banking app in Kuwait, featuring enhanced features and a new design, the introduction of a free international call service for customer support, and an enhanced customer service model with virtual service available in branches. He concluded, 'As we look ahead, ABK remains focused on delivering sustainable, long-term value. We will continue to pursue strategic expansion opportunities, strengthen our regional presence, and introduce innovative financial solutions tailored to meet the evolving needs of our customers.' ABK's Chief Strategy Officer Abdulaziz Jawad ABK Group CFO Shiamak Soonawalla Financial indicators On his part, Soonawalla discussed ABK's financial highlights for Q1 2025. He said, 'We achieved a healthy net profit growth of 8 percent year-on-year, with KD 15.7 million net profit attributable to shareholders. Earnings per share remained stable at 5 fils, and our operating income for the period reached KD 50.4 million, while operating profit stood at KD 29.3 million. This was supported by proactive cost management and continued revenue momentum across business lines.' ABK's asset quality remains robust, with the Group's non-performing loan (NPL) ratio maintained at a healthy 1.38 percent. The Group's loan loss coverage ratio held firm at 433 percent, confirming strong credit quality. Furthermore, provisions exceeded the IFRS 9 requirements, in accordance with Central Bank of Kuwait guidelines, as ABK continues to apply a prudent provisioning policy. Soonawalla added, 'We managed to maintain our net interest margin at 2.1 percent levels, although operating income marginally declined due to funding cost pressures and lower fees and commission income. Return on Average Equity (ROAE) delivered a healthy 8.1 percent, underlining ABK's strength in sustaining returns and driving long-term shareholder value. Liquidity continues to be a key strength for us, as evidenced by a liquidity coverage ratio of 255 percent and a net stable funding ratio of 109 percent, both comfortably above regulatory thresholds. Customer deposits remained resilient, totaling KD 4.4 billion, which represents 66 percent of our total liabilities. This further reinforces the strength and stability of our funding base.' He highlighted that the Group's strong start to 2025 reflects ABK's effective execution of strategic priorities and the leveraging of our core banking franchise alongside diversified income streams to drive sustainable growth. Notably, operating profit grew by 5 percent, highlighting the Group's enhanced operational efficiency. Commercial Banking remained the largest contributor to our operating income during the quarter, accounting for 49 percent, followed by Retail Banking at 39 percent, and Treasury and Investments at 12 percent. Our asset allocation remains strategically balanced, with 55 percent allocated to Commercial Banking, 12 percent to Retail Banking, and 33 percent to Treasury and Investments. He added, 'Our focus on operational excellence, digital transformation, and strategic investments continues to yield meaningful improvements. During Q1 2025, ABK's cost-to-income ratio significantly improved to 41.9 percent, down from 46.4 percent year-on-year, reflecting greater efficiency and disciplined cost management across the Group. As of Q1 2025, total assets expanded to KD 7.4 billion, delivering strong year-on-year growth of 13 percent. Net loans and advances increased by 10 percent to KD 4.7 billion, demonstrating healthy lending activity and prudent balance sheet expansion.' Soonawalla closed, 'Our Q1 2025 results highlight our solid profitability, disciplined risk management, and strengthened balance sheet. ABK remains firmly positioned to deliver sustainable growth and create enduring value for shareholders. With a strong foundation and a clear strategic focus, we are confident in our ability to sustain momentum throughout 2025.' The local and global economy Jawad mentioned that the sharp escalation in trade tensions and high policy uncertainty are expected to weigh heavily on global economic activity. According to the latest IMF projections, global GDP growth is now projected at 2.8 percent in 2025 and 3.0 percent in 2026. This marks a downward revision from the earlier forecast of 3.3 percent for both years. Global headline inflation is expected to decline at a slightly slower pace than what was expected in January, reaching 4.3 percent in 2025 and 3.6 percent in 2026. When it comes to Kuwait, the IMF has revised its 2025 GDP growth forecast for Kuwait to 1.9 percent. The adjustment reflects a more measured recovery pace, although domestic demand remains strong and oil output continues to recover. Inflation is expected to stabilize at 2.5 percent, supported by effective monetary policy by the Central Bank of Kuwait. Jawad highlighted, 'In March, Kuwait introduced a new public debt law, setting a borrowing ceiling of KD 30 billion and permitting the issuance of financial instruments with maturities up to 50 years. The move aims to strengthen financial stability, support Kuwait Vision 2035, diversify funding sources, and enhance Kuwait's position as a regional financial hub.' Exceptional results Jawad continued, 'Our strategic focus continues to be on salaried Kuwaitis and high-income expatriates, while placing growing emphasis on youth, who represent the future. We are continuously enhancing our youth offering to further strengthen our overall value proposition. As a result, our retail loan portfolio grew 1.75 times faster than the market in Q1 2025. We also enhanced our cards portfolio with a new prepaid card featuring a dual rewards program.' Furthermore, he affirmed, 'ABK maintains strong credit ratings of 'A' from Fitch and 'A2' from Moody's, reflecting its robust financial position, prudent risk management, and commitment to long-term stability.' Egypt and the UAE Regarding Egypt's macroeconomic landscape, the country is making progress on its macro-economic reform agenda despite regional challenges. The IMF completed the fourth review of Egypt's Extended Fund Facility (EFF), disbursing $1.2 billion and approved an additional $1.3 billion under the Resilience and Sustainability Facility (RSF). Although Egypt's inflation rose slightly to 13.9 percent in April 2025, up from 13.6 percent in March, the rise remains in line with market expectations, reflecting stability despite seasonal demand pressure. GDP growth accelerated to 4.3 percent in Q2 FY 2024/25. Moving on, Jawad shed light on the UAE stating, 'ABK, through its DIFC branch, has successfully closed a landmark $1 billion global syndicated term loan facility for a period of over three years, marking its largest debt facility to date. This significant achievement affirms ABK's robust standing in the financial markets.' The syndication was initially launched at $750 million; however, due to excessive oversubscription by 60 percent, the facility was upsized to $1 billion. This positive response highlights the strong liquidity position and confidence that both regional and international lenders, including those from the Middle East, US, Europe, and Asia, have in ABK. Jawad affirmed, 'This achievement reflects the trust and confidence that our lenders have in our financial stability and strategic vision. We are committed to utilizing these funds to enhance our service offerings and continue to foster sustainable growth.' 'Alongside our funding activities, ABK-UAE continued to advance its strategic agenda in the real estate sector. As a continuation of our Q4 2024 update, ABK-UAE successfully onboarded its first real estate escrow customer, marking a key milestone as the first Kuwaiti bank to offer this service in the UAE. With additional clients in the pipeline, we are now assessing the extension of these services to Abu Dhabi. This aligns with our strategy to strengthen our footprint and competitiveness in the UAE financial sector,' Jawad continued. Complementing the real estate escrow rollout, a dedicated UAE mortgage service for Private Banking clients in Kuwait was also launched. To enhance this service, real estate brokers are being brought on board as key partners, ensuring a more streamlined client experience. ESG ABK continued to build momentum around its ESG agenda, laying the groundwork for future initiatives and enhancements. The Bank remains committed to further integrating ESG principles into key business areas. Looking ahead, ABK plans to publish its updated sustainability report, assess its ESG maturity, strengthen internal capabilities, and explore opportunities that support sustainable value creation. Building on a strong start to 2025, ABK remains committed to accelerating momentum, executing its strategic agenda with discipline, and creating long-term shareholder value.
Kuwait News Agency
05-05-2025
- Politics
- Kuwait News Agency
Justice Min. to Geneva to present Kuwait's human rights report
KUWAIT, May 5 (KUNA) -- Minister of Justice Nasser Al-Sumait will be presenting Kuwait's report at the 49th Universal Periodic Review (UPR) of the UN Human Rights Council in Geneva, said a statement on Monday. The Ministry of Justice revealed in a statement that Minister Al-Sumait left the country today, heading to Geneva, Switzerland, to brief the UPR on Kuwait's efforts to bolster human rights via highlighting the state's legislative and legal efforts within this regard. (end)
Arab Times
29-04-2025
- Politics
- Arab Times
Kuwait Abolishes Law Exempting Kidnappers Who Marry Their Victims
KUWAIT CITY, April 29: Minister of Justice Nasser Al-Sumait announced on Tuesday that the Council of Ministers has approved a draft decree-law to abolish Article 182 of the Penal Code, which previously allowed kidnappers to avoid punishment if they legally married their victims with the consent of the guardian. Speaking to KUNA following the Cabinet's weekly meeting, Minister Al-Sumait said the move reflects Kuwait's commitment to upholding human dignity, reinforcing individual rights and freedoms, and aligning national legislation with international human rights standards. These include the International Covenant on Civil and Political Rights and the Convention on the Elimination of All Forms of Discrimination Against Women (CEDAW). He emphasized that repealing Article 182 sends a strong message that no justification—social, legal, or otherwise—will be accepted to excuse crimes such as kidnapping. The decision marks a significant step toward strengthening justice and protecting victims from societal pressures that may undermine their rights. Al-Sumait added that the repeal is part of a broader legislative reform initiative to enhance victim protection and reaffirm the principle that crimes cannot be legitimized through violations of basic human rights. Article 182 previously stated that a kidnapper would not face punishment if he married the kidnapped woman with her guardian's approval and the guardian requested leniency.
