Latest news with #Nawaf
Kuwait News Agency
09-08-2025
- Politics
- Kuwait News Agency
Lebanese Army: Six troops killed in blast while defusing ammunition
BEIRUT, Aug 9 (KUNA) -- Six Lebanese Army troops died and a number of others suffered injuries while defusing ammunition in southern Lebanon on Saturday, the military said in a statement. The statement said the deadly incident happened when the troops were searching an arms depot and defusing stored military ordnance in Wadi Zibqin, indicating that the casualty figure was preliminary. The injured were whisked to hospitals and the military began investigations into circumstances of the deadly accident. Earlier, the official National News Agency said the troops were examining and defusing shells left behind by the Israeli occupation forces near the town of Majdal Zoun, in the Tyre region. President Joseph Aoun, a former army commander, expressed distress for the death of the military personnel, addressed condolences to the army and the victims' next of kin. Prime Minister Nawaf, on his X account, expressed identical sorrow to the army and the victims' families. Elsewhere, one person died in an Israeli occupation air strike on a car in Ainata town near Bint Jbeil in southern Lebanon, the ministry of health said in a statement. The Israeli occupation forces have been breaching a November cease-fire on daily basis. They have been holding a number of points inside the Lebanese territories in violation of the UN Resolution 1701. The fatal accident involving the army forces came after the Lebanese government endorsed plans to collect arms throughout the national territories to re-assert the State authorities. (end)
Kuwait Times
30-07-2025
- Business
- Kuwait Times
Oil market outlook bright: Minister
Kuwait endorses OPEC+ strategy shift, with officials citing signs of sustained global demand KUWAIT: Kuwait's Oil Minister Tareq Al-Roumi voiced optimism about the future of the global oil market during the 61st OPEC+ ministerial meeting, saying the alliance's ongoing efforts aim to ensure energy security and restore market balance. In a statement following the virtual meeting, Al-Roumi said the fundamentals of the oil market are strong. 'Kuwait supports efforts to stabilize the global oil market,' he added, noting that OPEC+ decisions are made in response to evolving market conditions. He emphasized that the meeting reflected a collective commitment to the Declaration of Cooperation, which, he said, contributes to 'supporting global economic growth and enhancing investor confidence in the oil market.' OPEC+, which produces nearly half of the world's crude, has shifted strategy this year—moving from years of output cuts to phased increases. Eight member countries began raising output in April, and the group's latest agreement calls for a boost of 548,000 barrels per day in August. Kuwait's delegation to the OPEC+ meeting included its OPEC Governor Mohammed Al-Shatti and National Representative Sheikh Abdullah Sabah Salem Al-Humoud Al-Sabah. Earlier this month, Kuwait Petroleum Corporation (KPC) also signaled confidence in demand growth, particularly in Asia. 'We're seeing some potential tightness in the market, which gives us an opportunity to capture market share in the future,' said KPC CEO Sheikh Nawaf Al-Sabah in an interview with Bloomberg TV on the sidelines of an OPEC seminar in Vienna. Sheikh Nawaf said that recent interactions with global clients suggest persistent demand beyond the summer driving season. 'There are indications that the customer isn't concerned about a peak in demand—certainly in China,' he said. 'They're also looking toward the quality of the supplier, and that is us, because we are committed to a low-cost and low-carbon intensity barrel.' Bloomberg reported that Kuwait's crude exports surged to a 19-month high in June, with most volumes flowing to China, Japan, and South Korea. Demand growth this year is expected to reach between 1 million and 1.3 million barrels per day, according to Sheikh Nawaf. Despite its substantial reserves, Kuwait remains heavily dependent on oil revenues. It recorded a $5.23 billion budget deficit in the 2023–2024 fiscal year, based on an average crude price of $86.36 per barrel. For 2025–2026, the draft budget projects a deeper shortfall of $20.43 billion, as oil revenues are forecast to fall 5.7 percent with prices averaging $68 per barrel, according to the Ministry of Finance. — Agencies
Zawya
11-03-2025
- Business
- Zawya
Promotion of Nawaf Hasan as Cluster Hotel Manager
Dubai, UAE– Grand Mercure Dubai City and ibis Styles Dubai Airport proudly announce the promotion of Nawaf Hasan to Cluster Hotel Manager, effective 1 March 2025. Previously serving as Cluster Director of Operations Acting General Manager since 4 January 2024, Nawaf will now oversee the comprehensive operations of both properties, driving excellence in guest experiences and operational efficiencies. With an illustrious career spanning over 23 years in the hospitality industry, Nawaf brings a wealth of experience and leadership expertise. His extensive background includes key positions at globally renowned hotel brands, where he honed his skills in operations management and team development. Passionate about mentorship, Nawaf is committed to nurturing talent and fostering a culture of excellence within his team. Nawaf began his career as a Restaurant Supervisor at Kempinski Dead Sea Jordan before moving to Abu Dhabi in 2009 to join Desert Islands Resort & Spa by Anantara as Assistant Outlet Manager. His journey in the industry continued with roles such as Outlet Manager at Qasr Al Sarab Desert Resort by Anantara and Operations Manager at Fairmont Dubai Sheikh Zayed Road, culminating in his tenure at Grand Mercure Dubai City and ibis Styles Dubai Airport. In his new capacity, Nawaf will lead the team in maintaining the highest standards of hotel operations, ensuring strict adherence to Accor Core Standards, operational controls, policies, and service excellence. His strategic vision and dedication to delivering exceptional guest experiences will play a vital role in advancing the development and reputation of both properties. Expressing his enthusiasm for the new role, Nawaf Hasan stated: "I am excited to take on this new challenge and contribute to the continued growth of these esteemed brands. I look forward to collaborating with our talented team to elevate our tailored service offerings and provide guests with truly innovative and memorable experiences.' Grand Mercure Dubai City and ibis Styles Dubai Airport extend their warmest congratulations to Nawaf Hasan on this well-deserved promotion and are confident that his leadership will further enhance the hotels' commitment to service excellence and guest satisfaction. About Grand Mercure Dubai City – A Fusion of Culture and Luxury Located minutes from Dubai International Airport and Dubai World Trade Centre, Grand Mercure Dubai City offers a five-star experience blending authentic Emirati heritage with modern elegance. The hotel features 257 premium rooms and 104 residences, designed with local artistry. Guests can unwind at the Armonia Spa, stay active at the fitness center, or relax in two stunning pools—the Mezzanine Pool with Huzza Pool Bar and the glass-bottom rooftop infinity pool, paired with ARIA, a chic rooftop lounge offering shisha and al fresco dining. Dining options include Walima Restaurant for international and Middle Eastern flavors, Qova Café for artisanal coffee, and ARIA and Huzza for poolside refreshments. For business and events, the hotel offers nine meeting rooms and elegant venues for up to 200 guests. Its prime location near shopping malls, cultural landmarks, and the GGICO metro station ensures seamless accessibility. Grand Mercure Dubai City promises an indulgent stay, rich in tradition and luxury. About Grand Mercure – A Global Brand with a Local Soul Grand Mercure blends premium hospitality with authentic local culture, offering a unique experience in every destination. Since 1997, the brand has redefined travel by immersing guests in regional traditions, design, and cuisine, inspired by Mercury, the Roman god of travel. With 70+ hotels in 14 countries and a growing pipeline, Grand Mercure serves as a cultural gateway, where guests can discover, connect, and indulge in the essence of each location. Through locally inspired dining, rituals, and immersive design, every stay is a journey of tradition and modern luxury.
Arab Times
27-01-2025
- Business
- Arab Times
KPC invests in local talent with 91% of workforce Kuwaiti nationals
KUWAIT CITY, Jan 27: Sheikh Nawaf Saud Al-Nasser Al-Sabah, the CEO of Kuwait Petroleum Corporation (KPC), announced on Monday that the proportion of Kuwaiti nationals employed at KPC and its subsidiaries has reached 91%. He reaffirmed the corporation's commitment to developing and empowering Kuwaiti talent at all levels. In an interview with Kuwait News Agency (KUNA) on the occasion of KPC's 45th anniversary, Sheikh Nawaf Al-Sabah highlighted the corporation's substantial contribution to the country's development since its establishment. He noted that KPC has played a significant role in supporting the nation's economic growth, achieving numerous accomplishments that have positioned it as a vital pillar of the national economy. Sheikh Nawaf stated that since its inception on January 27, 1980, KPC has created a solid national legacy built on hard work, dedication, and a continuous drive for innovation and progress at every stage of the oil sector's development. He emphasized that the Kuwaiti oil sector, led by KPC, is grounded in strong, steadfast values and operates under clear strategies, ensuring the application of best practices with flexibility and innovation. He added, "Innovation is the compass guiding the oil sector toward success." A key element of KPC's approach is its focus on human resources. Sheikh Nawaf emphasized that the oil sector has invested in generations of Kuwaiti employees, enhancing their skills and fostering a culture of learning and development. This focus on the workforce has resulted in an industry that sets an example for excellence, discipline, and leadership. As KPC approaches its golden jubilee in five years, Sheikh Nawaf underscored that the corporation is on track to achieve its 2040 strategy. He acknowledged that global shifts in the oil market will require adaptability and innovation. While the global economy continues to rely on oil as a key energy source, Sheikh Nawaf stressed the importance of reducing harmful emissions and combating climate change. He further explained that Kuwaiti oil is among the lowest in production costs and carbon emissions worldwide. The corporation is focused on increasing production by 2030, while investing in innovative technologies and digital transformation to reduce emissions. Additionally, KPC is committed to boosting its offshore production, having already succeeded in exploring fields such as Al-Nukhdha and Al-Julai'ah. The corporation aims to add 200,000 barrels per day from offshore resources by 2035. In terms of reducing harmful emissions, Sheikh Nawaf highlighted KPC's plans to invest in carbon capture technologies. By 2050, the corporation aims to capture and store around 26 million tons of carbon dioxide equivalent emissions. KPC is also studying options for carbon capture from multiple operations within the production and refining sectors to enhance crude oil production while minimizing environmental impact. Artificial intelligence (AI) is a central part of KPC's digital transformation strategy. Sheikh Nawaf explained that AI and machine learning are being applied to improve operational efficiency, support decision-making, and drive innovation. The use of AI is aimed at enhancing processes such as predictive maintenance and intelligent data analysis, while also integrating AI to monitor emissions and develop solutions to reduce environmental impacts. Sheikh Nawaf also discussed KPC's efforts to train and empower Kuwaiti talent. The corporation supports continuous learning through digital platforms and e-learning units, and it has introduced mentoring programs led by industry leaders. KPC has also collaborated with leading Kuwaiti universities to create cooperative education programs that equip young talent with practical experience and knowledge. Finally, Sheikh Nawaf expressed his heartfelt gratitude to all employees of KPC and its subsidiaries for their dedication and loyalty, which have been essential to the corporation's successes. He attributed these achievements to the wise leadership of His Highness the Amir Sheikh Mishaal Al-Ahmad Al-Jaber Al-Sabah and His Highness the Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah.
