Latest news with #Wafra
Gulf Today
3 days ago
- Business
- Gulf Today
Pension body launches second phase of ‘Wafra' programme
The General Pension and Social Security Authority (GPSSA) has launched the second phase of the 'Advanced Proactive Financial Planning System' project, called 'Wafra'. Developed in partnership with the Emirati Talent Competitiveness Council through the NAFIS programme, 'Wafra' focuses on enhancing financial literacy among NAFIS beneficiaries who are covered by the UAE pension laws, empowering them to build a more secure financial future in the private sector. This initiative highlights GPSSA's commitment to nurturing national talent and improving the financial and social stability of UAE nationals. It is part of the third cycle of transformative projects for federal government entities for 2024-2025. It also embodies the leadership's commitment to adopting innovative, human-centric government models that enhance the UAE's global competitiveness. The project directly contributes to the UAE government's ambitious goals of cultivating a more prosperous society over the next decade, aligning seamlessly with the 'We the UAE 2031' vision. The programme equips Emiratis with essential financial knowledge through specialised training programmes and awareness campaigns available via the NAFIS digital platform. The platform ensures that a wide group of Emirati talent, including private and banking sector employees, jobseekers in the local market, and university students, can access its benefits. The second phase of the 'Wafra' programme focuses on core themes that address the needs of NAFIS beneficiaries. It aims to educate participants about GPSSA's laws and the benefits they offer, empowering them to make better retirement choices and plan for their future. The programme also provides guidance on investment options and effective wealth management strategies post-retirement, highlighting the importance of early financial planning to ensure a stable and secure future. Through the 'Wafra' project, GPSSA aims to raise financial planning awareness by 80 percent. GPSSA works in partnership with the Ministry of Human Resources and Emiratisation and the Emirati Talent Competitiveness Council, leveraging the NAFIS platform and various media channels. WAM
Sharjah 24
4 days ago
- Business
- Sharjah 24
GPSSA launches 2nd 'Wafra' programme in collaboration with NAFIS
Developed in partnership with the Emirati Talent Competitiveness Council through the NAFIS programme, "Wafra" focuses on enhancing financial literacy among NAFIS beneficiaries who are covered by the UAE pension laws, empowering them to build a more secure financial future in the private sector. This initiative highlights GPSSA's commitment to nurturing national talent and improving the financial and social stability of UAE nationals. It is part of the third cycle of transformative projects for federal government entities for 2024-2025. It also embodies the leadership's commitment to adopting innovative, human-centric government models that enhance the UAE's global competitiveness. The project directly contributes to the UAE government's ambitious goals of cultivating a more prosperous society over the next decade, aligning seamlessly with the "We the UAE 2031" vision. The programme equips Emiratis with essential financial knowledge through specialised training programmes and awareness campaigns available via the NAFIS digital platform. The platform ensures that a wide group of Emirati talent, including private and banking sector employees, jobseekers in the local market, and university students, can access its benefits. The second phase of the "Wafra" programme focuses on core themes that address the needs of NAFIS beneficiaries. It aims to educate participants about GPSSA's laws and the benefits they offer, empowering them to make better retirement choices and plan for their future. The programme also provides guidance on investment options and effective wealth management strategies post-retirement, highlighting the importance of early financial planning to ensure a stable and secure future. Through the "Wafra" project, GPSSA aims to raise financial planning awareness by 80 percent. This goal is supported by comprehensive educational programmes in social insurance, investment, and savings, developed by the Abu Dhabi Global Market (ADGM) Academy. These tailored programmes are designed to equip UAE nationals with the necessary knowledge and tools to manage their finances effectively and confidently. GPSSA works in partnership with the Ministry of Human Resources and Emiratisation and the Emirati Talent Competitiveness Council, leveraging the NAFIS platform and various media channels. The initial phase of the "Wafra" project, launched in July 2024, focused on raising awareness about financial needs throughout an individual's life. It covered topics such as understanding financial products and terms, effective money and debt management, navigating financial challenges, and seeking financial advice for investment and fund management.
Zawya
04-07-2025
- Business
- Zawya
New regulations announced for building on agricultural land in Kuwait
Kuwait - Minister of State for Municipal and Housing Affairs Abdullatif Al-Mishari on Wednesday issued a ministerial decision on regulating construction work and the attached schedules related to Table No. 13, stating the requirements and specifications for buildings in agricultural and livestock development areas. The newspaper obtained a copy of the decision, which sets the permitted building percentages in the agricultural areas (Wafra, Abdali, and Sulaibiya) at 10 percent of the size of the plot, with a maximum of 10,000 square meters. This includes residential buildings and family rest houses for the plot owner, with a total building area not exceeding 1,000 square meters, as well as workers' housing and guard rooms with an area not exceeding 2,000 square meters. Furthermore, all buildings must be one-storey and made of lightweight materials or reinforced concrete. Residential and family rest houses may only be built on two floors (ground and first), with a maximum height of nine meters. The resolution stipulates that the setback for buildings must not be less than five meters on all sides of the boundaries of the plot, except for the designated area for garbage containers and the guard room and its facilities, which may be attached to one of the facades. Regarding the building percentages for dairy farms, the decision stipulates that varying building percentages of the plot area are permitted. Five percent of the plot area is allocated for concentrated and bulk feed stores and a feed grinding unit, one percent for a repair shop and spare parts warehouse, three percent for a building for automated milking machines and their accessories, and 10 percent for workers' housing and administrative buildings. A veterinary clinic and family housing for the plot owner may be built within the plot, provided that the total family housing area does not exceed 1,000 square meters. Buildings must be one-storey, with a maximum building height not exceeding five meters; while the maximum height for barns and related buildings, such as workshops and warehouses, is 10 meters. The decision sets the permissible building percentage for purebred Arabian horse breeding plots at 15 percent, distributed among administrative buildings, workers' housing, an electrical room, a security room, a rest area not exceeding 200 square meters, and a horse showroom with an area not exceeding 500 square meters, which is included in the total building percentage. All buildings shall be one-storey, with the height not exceeding five meters for the administrative buildings, workers' housing, security rooms, and rest areas; not exceeding seven meters for the horse showroom, stables, and feed store; and not exceeding four meters for the circular horse trough. Regarding the plots for livestock production projects in Kabad, Jahra and Wafra allocated by the Public Authority for Agriculture Affairs and Fish Resources (PAAAFR) for raising cows, livestock and camels; the decision specified the permissible building percentages for residential buildings, warehouses, the veterinary room, the guard room, and their services, at a total of 16 percent of the plot area, with a maximum of 300 square meters. The remaining vacant area of the plot is to be used for the purpose for which the plot is designated. Construction is prohibited. Only shelters for animals are permitted, provided that the shaded area does not exceed 40 percent, while the remaining open areas are permitted for cultivation. The decision states that the building percentages for broiler and layer chicken breeding plots throughout the country are as follows: five percent for workers' housing and services, an egg hatchery building, and five percent of the total area for a warehouse for feed, machinery, and tools. All buildings shall be one-storey. The maximum height for workers' housing and service buildings shall be five meters, eight meters for feed and equipment warehouses, and not less than 3.5 meters and not more than five meters for production and breeding plots Regarding service plots located in Plot No. 10 in Wafra Agricultural Area -- which range in size from 500 square meters to a maximum of 5,000 square meters; the decision states a building ratio of a maximum of 60 percent of the plot area; out of which an area not exceeding 100 square meters must be used as administrative offices to service the plot. The building should be one-storey and should not exceed 10 meters in height. Arab Times | © Copyright 2024, All Rights Reserved Provided by SyndiGate Media Inc. (
Zawya
28-05-2025
- Business
- Zawya
Riyadh hails oil discovery as step for energy coop. with Kuwait
RIYADH --- The Saudi Cabinet on Tuesday lauded the new oil discovery in in the partitioned zone between Saudi Arabia and State of Kuwait as a positive step towards a further cooperation in the energy sector. This came during the Saudi Cabinet's meeting, chaired by Crown Prince and Prime Minister Prince Mohammad bin Salman, according to the kingdom's official news agency. The cabinet said that recent oil discovery would lead to promoting Saudi-Kuwait cooperation in energy and continuing joint discovery and development efforts. The Governments of Kuwait and Saudi Arabia on Monday declared a new oil discovery in the partitioned zone, said the Kuwaiti Ministry of Oil. They announced that Wafra Joint Operations had made a new oil discovery in (North Wafra Wara-Burgan) field, located five kilometers north of Wafra field. Crude oil flowed from the Wara reservoir in the North Wafra (Wara-Burgan-1) well at a rate exceeding 500 barrels per day, with an API gravity of 26 to 27 degrees. API gravity is a scale that defines the gravity or density of liquid petroleum products. All KUNA right are reserved © 2022. Provided by SyndiGate Media Inc. (
Zawya
28-05-2025
- Business
- Zawya
Kuwait, Saudi strike new oil in joint zone
KUWAIT CITY: The Governments of Kuwait and Saudi Arabia have declared new oil discovery in the partitioned zone, according to a joint press release, said the Kuwaiti Ministry of Oil on Monday. The ministry added in a statement that governments of the Kingdom of Saudi Arabia and the State of Kuwait announced that Wafra Joint Operations have made a new oil discovery in (North Wafra Wara-Burgan) field, located five kilometers north of Wafra field. Crude oil flowed from the Wara reservoir in the North Wafra (Wara-Burgan-1) well at a rate exceeding 500 barrels per day, with an API gravity of 26 to 27 degrees. This marks the first discovery since the resumption of production operations in the partitioned zone and its adjacent offshore area in mid-2020. The discovery is regarded as highly significant, given its positive impact on both countries standing as reliable global energy suppliers and their capabilities in the exploration and production sector. API gravity is a scale expressing the gravity or density of liquid petroleum products. (KUNA) Arab Times | © Copyright 2024, All Rights Reserved Provided by SyndiGate Media Inc. (
