Latest news with #SubaihAl-Mukhaizeem
Arab Times
12-05-2025
- Business
- Arab Times
Kuwait Ramps Up Green Energy Drive with Smart Meters
KUWAIT CITY, May 12: Kuwait's Ministry of Electricity, Water and Renewable Energy has successfully completed the installation of smart electricity meters in approximately 95% of schools and mosques across the country, according to informed sources within the ministry. The remaining installations are expected to be finalized soon. Sources explained that the smart meters enable the ministry to remotely control and cut off power supply to schools after class hours and to mosques following prayer times—an initiative aimed at curbing unnecessary electricity consumption. The move reflects the commitment of Minister Dr. Subaih Al-Mukhaizeem and senior officials to promoting energy efficiency, particularly during peak demand periods. In a separate development, Undersecretary Dr. Adel Al-Zamel took part in the opening session of the Kuwait Sustainable Energy Conference, held under the theme 'High-Level Dialogue on Regional Policies: Collaborative Pathways for Renewable Energy Solutions and Gateways for Hydrogen Trade.' The session highlighted Kuwait's national priorities in renewable energy development and hydrogen utilization. Attendees reviewed the recently signed agreement with China's State Power Investment Corporation (SPIC) to advance the Shagaya and Abdaliya renewable energy projects, which aim to generate over 3,000 megawatts of electricity. Dr. Al-Zamel stated that Kuwait's renewable energy capacity is projected to reach 4,800 megawatts by 2029, leveraging various technologies. He emphasized that the region's transition to clean energy must support both economic growth and national interests. He identified green and blue hydrogen development as key opportunities, pointing to the region's abundant renewable and hydrocarbon resources as strategic assets in the energy transformation process.
Yahoo
01-05-2025
- Politics
- Yahoo
Kuwait Cracks Down on Illegal Crypto Mining to Protect National Grid
Kuwaiti authorities are cracking down on illegal crypto mining, with over 60 individuals now under investigation, as part of a sweeping campaign to root out unlicensed operations. The country's Public Prosecution confirmed the investigations are ongoing and warned that more suspects could be identified in the coming weeks. The 'security operation,' carried out last Friday, targeted residential properties across the country suspected of hosting mining rigs, according to local media. The operation was coordinated by top officials, including Acting Prime Minister Sheikh Fahad Al-Yousef and Minister of Electricity Dr. Subaih Al-Mukhaizeem. The government said it aims to curb unauthorized power usage that has strained the national grid and led to blackouts in some areas. The Ministry of Electricity has begun disconnecting power from mining-linked properties. Reconnection will only be permitted with clearance from the Ministry of Interior. Officials are also conducting follow-up sweeps in various neighborhoods. Kuwait has enforced an 'absolute ban on all virtual asset/cryptocurrency mining activities' under a directive from its anti-money laundering committee that was backed by regulators including the National Bank of Kuwait.
Zawya
01-05-2025
- Politics
- Zawya
Kuwait: Over 60 under investigation for illegal crypto mining
KUWAIT CITY - Kuwait's Public Prosecution continues to investigate approximately 60 individuals involved in illicit cryptocurrency mining activities, with numbers expected to rise. The Cabinet has commended the outcomes of an extensive security operation conducted last Friday, overseen by Acting Prime Minister and Minister of Interior Sheikh Fahad Al-Yousef, Minister of Electricity, Water, and Renewable Energy Dr. Subaih Al-Mukhaizeem, Minister of State for Communications Affairs Omar Al-Omar, and Minister of State for Municipal Affairs and Minister of State for Housing Affairs Abdullatif Al-Mishari. This campaign targeted numerous residences engaged in unauthorized cryptocurrency mining. The Cabinet emphasized that the operation is part of ongoing governmental efforts to combat unlawful activities, safeguard the electricity grid from illegal usage, and ensure public safety. Such unauthorized mining exploits electrical resources, leading to increased grid loads, power outages, and disruptions in residential, commercial, and service areas. The Public Prosecution, through the Commercial Affairs Prosecution, has ordered the continued detention of several suspects, including property owners who rented out their homes for mining purposes. Others have been released on bail of 500 Kuwaiti dinars. Investigators have confronted defendants with evidence of substantial deposits in their accounts, some amounting to 3,000–4,000 dinars daily, originating from unidentified sources. While charged with undermining national interests and engaging in unlicensed activities, many defendants have denied the allegations after being presented with criminal investigation reports linking them to the incidents and seized equipment. Sources informed Al-Rai that operations to identify cryptocurrency mining sites are ongoing, in coordination with relevant authorities. Searches are being conducted in areas including Wafra, Sabah Al-Ahmad, and Mutlaa, with no region excluded, even those in the interior. The Ministry of Electricity is disconnecting power to properties involved in mining activities, with reconnection contingent upon approval from the Ministry of Interior. Additionally, the Ministry of Electricity, in collaboration with the Ministry of Interior, is enforcing penalties for cryptocurrency mining activities based on regulations that impose an "absolute ban on all virtual asset/currency mining activities." This ban was issued by the National Committee for Combating Money Laundering and Terrorism Financing, along with other relevant authorities such as the Central Bank, the Ministry of Commerce, and the Capital Markets Authority. Arab Times | © Copyright 2024, All Rights Reserved Provided by SyndiGate Media Inc. ( arabtimes
Arab Times
30-04-2025
- Politics
- Arab Times
Over 60 under investigation for illegal crypto mining
KUWAIT CITY, April 30: Kuwait's Public Prosecution continues to investigate approximately 60 individuals involved in illicit cryptocurrency mining activities, with numbers expected to rise. The Cabinet has commended the outcomes of an extensive security operation conducted last Friday, overseen by Acting Prime Minister and Minister of Interior Sheikh Fahad Al-Yousef, Minister of Electricity, Water, and Renewable Energy Dr. Subaih Al-Mukhaizeem, Minister of State for Communications Affairs Omar Al-Omar, and Minister of State for Municipal Affairs and Minister of State for Housing Affairs Abdullatif Al-Mishari. This campaign targeted numerous residences engaged in unauthorized cryptocurrency mining. The Cabinet emphasized that the operation is part of ongoing governmental efforts to combat unlawful activities, safeguard the electricity grid from illegal usage, and ensure public safety. Such unauthorized mining exploits electrical resources, leading to increased grid loads, power outages, and disruptions in residential, commercial, and service areas. The Public Prosecution, through the Commercial Affairs Prosecution, has ordered the continued detention of several suspects, including property owners who rented out their homes for mining purposes. Others have been released on bail of 500 Kuwaiti dinars. Investigators have confronted defendants with evidence of substantial deposits in their accounts, some amounting to 3,000–4,000 dinars daily, originating from unidentified sources. While charged with undermining national interests and engaging in unlicensed activities, many defendants have denied the allegations after being presented with criminal investigation reports linking them to the incidents and seized equipment. Sources informed Al-Rai that operations to identify cryptocurrency mining sites are ongoing, in coordination with relevant authorities. Searches are being conducted in areas including Wafra, Sabah Al-Ahmad, and Mutlaa, with no region excluded, even those in the interior. The Ministry of Electricity is disconnecting power to properties involved in mining activities, with reconnection contingent upon approval from the Ministry of Interior. Additionally, the Ministry of Electricity, in collaboration with the Ministry of Interior, is enforcing penalties for cryptocurrency mining activities based on regulations that impose an "absolute ban on all virtual asset/currency mining activities." This ban was issued by the National Committee for Combating Money Laundering and Terrorism Financing, along with other relevant authorities such as the Central Bank, the Ministry of Commerce, and the Capital Markets Authority.
Arab Times
27-04-2025
- Business
- Arab Times
Kuwait to host Sustainable Energy Week from May 11-13
KUWAIT CITY, April 27: The Ministry of Electricity, Water, and Renewable Energy (MEWRE) has announced that it will host the Kuwait Sustainable Energy Week, along with its accompanying exhibition, from May 11 to 13. The event will coincide with Kuwait's chairmanship of the Board of Trustees of the Regional Center for Renewable Energy and Energy Efficiency (RCREEE). Under the patronage of Dr. Subaih Al-Mukhaizeem, Minister of Electricity, Water, and Renewable Energy, the conference aims to raise public awareness about the importance of preserving natural resources. Eng. Ahmad Al-Dousari, Director of the Renewable Energy and Energy Efficiency Department at MEWRE, discussed this goal during a press conference on Sunday. Al-Dousari further explained that the conference's objective is to help facilitate the transition towards sustainable energy sources in alignment with Kuwait's Vision 2035, while also strengthening regional cooperation among Arab countries and the Mediterranean region in research, development, and renewable energy technology exchange. The conference will focus on fostering collaboration between the public and private sectors and showcase the latest innovations and national initiatives in energy, water, and environmental sustainability. Al-Dousari added that Kuwait's hosting of the event would reinforce its role as a regional and global leader in clean energy and sustainability. The first day of the conference will feature Arab Energy Efficiency Day, in cooperation with the League of Arab States, while the Union for the Mediterranean Business Forum will take place on the second day, adding an international dimension. The conference will also include discussion sessions and interactive workshops with local and international experts. Private companies involved in renewable and alternative energy will participate in the exhibition, presenting technologies designed to improve energy efficiency and reduce electricity waste. Dr. Fattouh Al-Raqem, head of the Energy and Renewable Energy Research Center at the Kuwait Institute for Scientific Research, emphasized that the conference will address key issues related to energy transition and sustainable development. He also noted that the event would highlight the role of women in the sustainable energy sector, providing a platform for dialogue and the sharing of ideas and recommendations. In addition, the conference will celebrate the 80th anniversary of the founding of the League of Arab States and observe Arab Energy Efficiency Day, which is celebrated annually on May 21.
