Latest news with #KuwaitVision2035
Kuwait Times
18 hours ago
- Politics
- Kuwait Times
KU Center unveils strategy to further empower women
KUWAIT: Kuwait University's Faculty of Social Sciences on Tuesday launched a new strategy for its Women's Research & Studies Center, aligning with the national development agenda outlined in Kuwait Vision 2035. Speaking at the launch event, Acting Dean Dr Ali Zaid Al-Zoubi said the strategy outlines plans for 2025 and 2026, inspired by the speeches of His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah and the goals of the national vision. 'The strategy includes a set of initiatives, training programs, seminars, and policies that will be implemented in the coming period,' he said. 'We aim to promote community awareness of the role of women in development.' Dr Al-Zoubi emphasized the need for collective effort to drive progress. 'Development can only be achieved through the cooperation of all members of society,' he said, noting that the center plays a key role in strengthening women's role in Kuwaiti society through scientific research and policy recommendations. Dr Nourah Shuaibi, head of the center, outlined the new strategy's three core pillars: A sustainable, diverse economy focused on supporting women's participation in the labor market and entrepreneurship; social justice, promoting gender equality and equal opportunities; and creative human development, emphasizing investment in human capital and building a productive society. 'The strategy believes in empowering university students to shape the future and support sustainable development,' Shuaibi said, adding that the center's values are rooted in capacity-building, scientific research, and strong partnerships. Upcoming activities include specialized workshops, community awareness campaigns, and an annual conference on women and sustainable development. The rollout of these initiatives is set to begin in September.
Kuwait Times
5 days ago
- Business
- Kuwait Times
Kuwait Ambassador in China reaffirms support for constructive media dialogue at SCO Conference
Kuwait's Ambassador to China Jassem Al-Najem ZHENGZHOU, China: Kuwait's Ambassador to China Jassem Al-Najem affirmed Kuwait's commitment to supporting initiatives aimed at fostering constructive media dialogue and expanding cooperation between media institutions and think tanks. Speaking at the Media and Think Tank Conference of the Shanghai Cooperation Organization (SCO), Ambassador Al-Najem highlighted the importance of such conferences in strengthening mutual understanding among SCO member states. Kuwait's Ambassador to China Jassem Al-Najem He noted the summit's focus on pressing global issues such as digital innovation, green development, sustainable growth, and cross-border cooperation, emphasizing Kuwait's readiness to expand partnerships within the SCO framework. Ambassador Al-Najem also underlined Kuwait's "Kuwait Vision 2035," which includes key infrastructure projects like Mubarak Al-Kabeer Port and the Northern Economic Zone to enhance regional connectivity and investment. He praised China's Belt and Road Initiative (BRI) as a vital platform for global development and reiterated Kuwait's early commitment to the initiative since 2014. He also conveyed Kuwait's support for global cooperation efforts launched by Chinese President Xi Jinping. Ambassador Al-Najem highlighted Kuwait's recent full membership in the Asian Infrastructure Investment Bank (AIIB) and reaffirmed Kuwait's role in supporting development through the Kuwait Fund for Arab Economic Development (KFAED), which has financed projects in over 100 developing countries. The ambassador conveyed greetings from Kuwait's Minister of Information, Culture and State Minister for Youth Affairs Abdulrahman Al-Mutairi, wishing the summit success in strengthening regional and international media cooperation. Kuwait's delegation at the forum includes Acting Director General Mohammad Al-Mannai, Acting Editor-in-Chief Mohammad Al-Bahar and Head of Marketing and Public Relations Lamia Al-Farsi. — KUNA
Kuwait News Agency
5 days ago
- Business
- Kuwait News Agency
Kuwait Amb. in China reaffirms support for constructive media dialogue at SCO conf.
ZHENGZHOU, China, July 25 (KUNA) -- Kuwait's Ambassador to China Jassem Al-Najem affirmed Kuwait's commitment to supporting initiatives aimed at fostering constructive media dialogue and expanding cooperation between media institutions and think tanks. Speaking at the Media and Think Tank Conference of the Shanghai Cooperation Organization (SCO), Ambassador Al-Najem highlighted the importance of such conferences in strengthening mutual understanding among SCO member states. He noted the summit's focus on pressing global issues such as digital innovation, green development, sustainable growth, and cross-border cooperation, emphasizing Kuwait's readiness to expand partnerships within the SCO framework. Ambassador Al-Najem also underlined Kuwait's "Kuwait Vision 2035," which includes key infrastructure projects like Mubarak Al-Kabeer Port and the Northern Economic Zone to enhance regional connectivity and investment. He praised China's Belt and Road Initiative (BRI) as a vital platform for global development and reiterated Kuwait's early commitment to the initiative since 2014. He also conveyed Kuwait's support for global cooperation efforts launched by Chinese President Xi Jinping. Ambassador Al-Najem highlighted Kuwait's recent full membership in the Asian Infrastructure Investment Bank (AIIB) and reaffirmed Kuwait's role in supporting development through the Kuwait Fund for Arab Economic Development (KFAED), which has financed projects in over 100 developing countries. The ambassador conveyed greetings from Kuwait's Minister of Information, Culture and State Minister for Youth Affairs Abdulrahman Al-Mutairi, wishing the summit success in strengthening regional and international media cooperation. Kuwait's delegation at the forum includes Acting Director General Mohammad Al-Mannai, Acting Editor-in-Chief Mohammad Al-Bahar and Head of Marketing and Public Relations Lamia Al-Farsi. (end)
Kuwait Times
23-07-2025
- Business
- Kuwait Times
KD 174.6 million stc's revenues for six months ended June 30, 2025
Net profit increased by 2.7% to KD 17.3m • stc's customer base reaches 2.2m KUWAIT: Kuwait Telecommunications Company (stc), a world-class digital leader providing innovative services and platforms to customers and enabling the digital transformation in Kuwait, announced its financial results for the six months period ended June 30, 2025, highlighting the most significant achievements as well as the financial and operational performance. In this regard, Eng Muataz Abdullah Aldharrab, the company's CEO, stated: 'By the grace of Allah, Kuwait Telecommunications Company (stc) delivered strong operational and financial results during the first half of 2025, reflecting the strength of its strategic plan focused on quality growth, operational efficiency, and the flexibility of its business model. As part of its efforts to expand market share, stc continued to roll out advanced and innovative solutions that cater to the needs of both individual and enterprise customers. The company is also enhancing its technical capabilities, aligning with the increasing demand for digital services and reaffirming its commitment to delivering sustainable and added value to all customer segments.' Commenting on stc's key achievements during the first six months of 2025, Eng. Aldharrab, stated:' The second quarter of 2025 marked a new phase of progress and excellence for stc, reflected in a series of high-quality milestones that reflect the company's ambitious vision and strong commitment to providing the best-in-class digital services and products. In this context, it is worth highlighting that Kuwait stands at the forefront of global innovation as one of the first countries to adopt 5G Advanced in June 2025, representing a key step toward upgrading the digital infrastructure. This reaffirms Kuwait's leadership in next-generation technologies and solidifying its status as a premier digital hub in the region. Consequently, stc launched its 5G Advanced network to provide an exceptional digital experience, in line with its ongoing commitment to supporting Kuwait Vision 2035 through more precise connectivity, faster speeds and smarter networks. While 5G Advanced represents the evolution of 5G technology which is poised to transform the digital experience for both individuals and businesses, this cutting-edge advancement will offer users enhanced capabilities to improve their operations and online activities, paving the way for the widespread adoption of intelligent solutions across multiple industries. As part of its efforts to strengthen its market position and enhance institutional performance within a framework of effective governance and social responsibility, stc obtained the ISO 45001:2018 certification for implementing international standards in occupational health and safety management. This achievement affirms the company's commitment to providing a safe and healthy work environment for its employees and ensuring operational efficiency at the highest global standards. Additionally, during the second quarter, stc launched the third edition of its flagship accelerator program 'inspireU,' designed to support tech startups and small and medium-sized enterprises (SMEs) in Kuwait. The program aims to empower them to reach new levels of growth and innovation, in line with stc's strategic framework that focuses on enabling entrepreneurs to enhance digital innovation and business growth in the region.' Commenting on the financial results for the period ended June30, 2025, Eng Muataz Aldharrab stated: 'stc delivered strong financial performance during the first half of 2025, supported by sustainable growth across its operating segments. Total revenue reached KD 174.6 million during the first half of 2025, representing a growth of 5.2 percent compared to KD 166.0 million during the same period last year. This growth was primarily driven by the rise in the consumer segment revenues, which accounted for 77 percent of total revenue. Meanwhile, the enterprise segment contributed to 23 percent of total revenue, supported by ongoing efforts to enhance the company's business model, digital services, and providing integrated technological solutions that meet the needs of companies across various industries.' Aldharrab added: 'These results led to an increase in EBITDA by 5.7 percent, reaching KD 45.5 million during the first half of 2025, compared to KD 43.1 million in the same period of 2024, driven by higher revenues and improved operational efficiency. Net profit amounted to KD 17.3 million (earnings per share of 17 fils) during the first half of 2025, representing a growth of 2.7 percent, compared to KD 16.9 million (earnings per share of 17 fils) during the same period in 2024. This resilient financial performance reflects the company's success in cost management, balancing growth with future investments, and capitalizing on the accelerated digital transformation in the local market. Along with the continued focus on efficiency and innovation, the solid results highlight stc's ability to enhance profitability and achieve sustainable growth. It is also worth noting that stc's customer base reached approximately 2.2 million by the end of June 2025.' Commenting on the company's financial position as of June 30, 2025, Aldharrab stated: 'The company's total assets reached KD 470.4 million by the end of the first half of 2025, while total shareholders' equity stood at KD 222.9 million, reflecting a solid financial position and a stable capital structure. stc continues to maintain strong financial solvency, ranking among the best in the telecom sector across the region. This enables the company to pursue growth and expansion projects without compromising financial stability. The strength of stc's financial position allows it to respond flexibly to future opportunities and market shifts while supporting its expansion strategies in line with its vision for digital transformation and sustainable growth, striking a balance between investment-driven growth and operational returns. Through this approach, stc aims to diversify its revenue streams, enhance cost and resource management efficiency, and generate sustainable and rewarding returns for its shareholders. The company is also committed to closely monitoring and analyzing key performance indicators, while executing its operational and investment initiatives with high efficiency, relying on its advanced digital infrastructure and well-structured long-term growth plans. These efforts reflect stc's commitment to upholding the highest standards of governance and internal control, fostering a culture of transparency and institutional excellence, and ensuring business continuity while strengthening the company's ability to achieve excellence and competitive superiority in a rapidly evolving business environment.'
Arab Times
21-07-2025
- Business
- Arab Times
Private sector in Kuwait shows upturn
KUWAIT CITY, July 21: Official statistics from the Public Authority for Civil Information (PACI) revealed that the number of private companies reached 175,673 in the first half of 2025 -- 57,408 of which operate as sole proprietorships and 82,948 operate as headquarters. The newspaper obtained a copy of the statistics, stating that the number of company branches reached 35,360 while the number of service providers in the private sector totaled 371. The statistics also confirmed that 25,840 companies are under investigation, 6,613 have expired licenses; one company was closed and three are unlicensed. The total number of companies -- including those operating, under study, closed, and unlicensed -- reached 208,220. A source from the Ministry of Finance (MoF) confirmed that the increase in the number of private companies in recent years is the fruit of governmental efforts to support the private sector. The source stressed that the ministry is intensifying efforts, in coordination with other ministries, to diversify sources of income by allowing the private sector to contribute to the realization of development objectives. The source indicated that the ministry provides numerous services to the private sector; such as supporting the salaries of national workers, removing companies that demonstrate good faith from the blacklist, and continuing to amend laws to better serve the private companies, encourage investment and attract foreign capital. The source added that one of the most important policies of the ministry at present is opening doors for the private sector to be a partner in economic development, in line with Kuwait Vision 2035 and as per the directive of His Highness the Amir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah Al-Sabah to push the private sector forward.
