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Having Examined the Constitution, the Act No. 15 of 1960 by Business Companies Act, As Amended, the Penal Code Act No
Having examined the Constitution, The Act No. 15 of 1960 by Business Companies Act, as amended, The Penal Code Act No. 16 of 1960, as amended, The Law of Criminal Procedure Act No. 17 of 1960, as amended, The Law No. 32 of 1968 on the IMF and the Central Bank of Kuwait and the banking profession, as amended, The Decree-Law No. 13 of 1980 regarding the customs, The Decree-Law No. 23 of 1990 on the organization of the judiciary, as amended, The board of the nation on the law following text, which we have approved and issued : Chapter I The definition of money laundering operations and criminalized Article 1 Money laundering is a process or a series of financial or non-financial, designed to conceal or disguise the illicit origin of funds or the proceeds of any crime and produced in the form of money or proceeds from a legitimate source, is such a process did all contribute to the process of recruitment or transfer funds or the proceeds resulting directly or indirectly from the crime or to conceal or disguise the source. Article 2 Counting guilty of the crime of money laundering each one of the following acts committed or attempted to commit: One - a process of money laundering with the knowledge that they are derived from the crime or derived from an act of participation. Two-transport, transfer or possession or acquisition, use or retain or receive funds with the knowledge that they are derived from the crime or derived from an act of participation. -
National Bank of Kuwait S.A.K
National Bank of Kuwait S.A.K. U.S. Tailored Resolution Plan PUBLIC SECTION Submitted on: December 29, 2014 National Bank of Kuwait S.A.K. Public Section U.S. Resolution Plan Table of Contents (a) Public Section .................................................................................................................... 3 (1) Introduction ................................................................................................................... 3 (2) Overview of NBK ............................................................................................................ 4 (3) Material entities ............................................................................................................. 6 (4) Critical Operations and Core Business Lines .................................................................. 6 (5) Summary of financial information regarding assets, liabilities, capital and major funding sources ................................................................................................................................ 8 (6) Derivatives and hedging activities .................................................................................. 8 (7) Membership in material payment, clearing and settlement systems .............................. 9 (8) Foreign operations ......................................................................................................... 9 (9) Material supervisory authorities .................................................................................... -
Kuwait: Governance, Security, and U.S. Policy
Kuwait: Governance, Security, and U.S. Policy Updated December 4, 2019 Congressional Research Service https://crsreports.congress.gov RS21513 Kuwait: Governance, Security, and U.S. Policy Summary Kuwait has been pivotal to the decades-long U.S. effort to secure the Persian Gulf region because of its consistent cooperation with U.S. military operations in the region and its key location in the northern Gulf. Kuwait and the United States have a formal Defense Cooperation Agreement (DCA), under which the United States maintains over 13,000 military personnel in country and prepositions military equipment to be able to project power in the region. Kuwait is a partner not only of the United States but also of the other hereditary monarchies of the Gulf Cooperation Council (GCC: Saudi Arabia, Kuwait, United Arab Emirates, Qatar, Bahrain, and Oman). Kuwaiti forces are part of the Saudi-led coalition that is trying to defeat the Iran-backed “Houthi” rebel movement in Yemen, but Kuwait has also sought to mediate a resolution to that and other regional conflicts. Kuwait has been the main GCC mediator seeking to end the intra-GCC rift that erupted in June 2017 when Saudi Arabia and the UAE moved to isolate Qatar. Kuwait has refrained from intervening in Syria’s civil war, instead hosting several donor conferences for victims of the Syrian civil conflict as well as to fund Iraq’s recovery from the Islamic State challenge and ameliorate the effects of regional conflict on Jordan’s economy. Kuwait has not followed some of the other GCC states in building quiet ties to the government of Prime Minister Benjamin Netanyahu in Israel. -
Kuwait Banking Sector Outlook 2020 – Asset Quality Under Pressure As Operating Environment Turns Challenging
September 2020 Kuwait Banking Sector Outlook 2020 – Asset quality under pressure as operating environment turns challenging Research Highlights: Analyzing the impact of COVID-19 on Kuwait’s banking sector in 2020 www.markaz.com Table of Contents Chapter 1 05 Executive Summary Chapter 2 07 Operating Environment turns Challenging as Stimulus Measures Fall Short of Expectations Chapter 3 10 SMEs in a spotlight of bother Chapter 4 12 Credit Growth Chapter 5 13 Deposit Growth Chapter 6 14 Non-Performing Assets Chapter 7 19 Net Income Chapter 8 20 What could change the narrative for Kuwait banking? Chapter 9 22 Digitization trends Chapter 10 26 Conclusion 27 Appendix List of Tables Table 1.1 Kuwait Banking Key Metrics Table 2.1 Fiscal stimulus measures across countries to tackle COVID-19 induced crisis Table 3.1 CBK relief package Table 4.1 Credit Demand in Kuwait Table 5.1 Deposit Growth of Banks Table 6.1 Forecast of NPAs for Banks Table 6.2 Latest NPA numbers Table 6.3 How does the current situation fare against GFC? Table 6.4 How does provisions made for COVID-19 differ from GFC? Table 7.1 Net Income Forecasts Table 8.1 Stimulus measures to tackle COVID-19 crisis List of Figures Figure 3.1 Credit availed by SMEs Figure 6.1 Non-performing Loans (NPL) by sector Figure 6.2 Age-wise distribution of NPLs Figure 9.1 Use of e-banking (value), KD billions Figure 9.2 E-banking infrastructure in Kuwait Figure 9.3 Knet Online Payment Gateway Chapter 1 Executive Summary Table 1.1: Kuwait Banking Key Metrics Period 2019 2020 (F) Loan Growth (YoY) 6.8% -
Comparative Geomatic Analysis of Historic Development, Trends, And
University of Arkansas, Fayetteville ScholarWorks@UARK Theses and Dissertations 5-2015 Comparative Geomatic Analysis of Historic Development, Trends, and Functions of Green Space in Kuwait City From 1982-2014 Yousif Abdullah University of Arkansas, Fayetteville Follow this and additional works at: http://scholarworks.uark.edu/etd Part of the Near and Middle Eastern Studies Commons, Physical and Environmental Geography Commons, and the Urban Studies and Planning Commons Recommended Citation Abdullah, Yousif, "Comparative Geomatic Analysis of Historic Development, Trends, and Functions of Green Space in Kuwait City From 1982-2014" (2015). Theses and Dissertations. 1116. http://scholarworks.uark.edu/etd/1116 This Thesis is brought to you for free and open access by ScholarWorks@UARK. It has been accepted for inclusion in Theses and Dissertations by an authorized administrator of ScholarWorks@UARK. For more information, please contact [email protected], [email protected]. Comparative Geomatic Analysis of Historic Development, Trends, and Functions Of Green Space in Kuwait City From 1982-2014. Comparative Geomatic Analysis of Historic Development, Trends, and Functions Of Green Space in Kuwait City From 1982-2014. A Thesis submitted in partial fulfillment Of the requirements for the Degree of Master of Art in Geography By Yousif Abdullah Kuwait University Bachelor of art in GIS/Geography, 2011 Kuwait University Master of art in Geography May 2015 University of Arkansas This thesis is approved for recommendation to the Graduate Council. ____________________________ Dr. Ralph K. Davis Chair ____________________________ ___________________________ Dr. Thomas R. Paradise Dr. Fiona M. Davidson Thesis Advisor Committee Member ____________________________ ___________________________ Dr. Mohamed Aly Dr. Carl Smith Committee Member Committee Member ABSTRACT This research assessed green space morphology in Kuwait City, explaining its evolution from 1982 to 2014, through the use of geo-informatics, including remote sensing, geographic information systems (GIS), and cartography. -
INVESTMENT-English-2018.Pdf
IN THE NAME OF ALLAH, THE MOST GRACIOUS, THE MOST MERCIFUL H.H. Sheikh Nawaf Al Ahmad H.H. Sheikh Sabah Al Ahmad H.H. Sheikh Jaber Al Mubarak Al Jaber Al Sabah Al Jaber Al Sabah Al Hamad Al Sabah Crown prince of the State of Kuwait Amir of the State of Kuwait Prime minister of the State of Kuwait CONTENTS CHAIRMAN’S LERTTER | 6 BOARD OF DIRECTORS | 9 EXECUTIVE MANAGEMENT | 9 CORPORATE GOVERNANCE | 10 INDEPENDENT AUDITORS’ REPORT | 20 CONSOLIDATED STATEMENT OF FINANCIAL POSITION | 24 CONSOLIDATED STATEMENT OF INCOME | 25 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | 26 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY | 28 CONSOLIDATED STATEMENT OF CASH FLOWS | 29 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS | 32 TAMDEEN Investment Company - K.P.S.C and its subsidiaries - Kuwait 5 ESTEEMED BROTHERS, Boursa Kuwait general index recorded gains for the CHAIRMAN’S third successive year, driven by increasing buying of the shares of major companies. This performance reflected in index of the first market which rose by 9.9% thereby LETTER making up for the decline of the main market index by 1.9%, and resulting in a 5.2% gain for the general index ESTEEMED for the year. Boursa Kuwait was further supported by SHAREHOLDERS, being promoted by the FTSE Index to the Emerging Markets class in two stages. In another development, the global rating agencies raised Kuwait’s credit rating, MAY PEACE AND ALLAH’S with a stable outlook, as a result of the huge efforts MERCY AND BLESSINGS BE made by the Kuwaiti Ministry of Finance and the UPON YOU. -
1 Executive Summary Kuwait Is the Third
Executive Summary Kuwait is the third-largest economy in the Gulf Cooperation Council (GCC, after Saudi Arabia and the UAE), and the Government of Kuwait has taken preliminary steps toward liberalizing sectors of its economy in the past year. Legislation passed in 2013 including a new FDI law and a commercial companies law aimed at easing constraints to doing business in Kuwait, and at establishing a “one stop shop” to help companies start operations in Kuwait. In March 2014, the Central Bank of Kuwait announced that foreign banks could open multiple branches in Kuwait – until that time, they could only open one branch. The April 2014 passage of historic telecommunications legislation potentially signals the government may liberalize the telecom sector and create opportunities for more competition in the coming years. After years of delays, the state oil companies in 2014 awarded several high-value contracts to foreign consortia to expand refinery capacities in Kuwait. Moves toward privatization of Kuwait’s stock exchange and its national airline have also begun. Nevertheless, Kuwait is perceived as a difficult place to invest in and do business with, and challenges to operating in the country remain. Kuwait ranked 104th in the world, and lowest in the GCC, on the World Bank’s 2014 ease of doing business survey, and the country has consistently attracted the lowest amounts of FDI in the entire Middle East and North Africa region. Implementation of new legislation has lagged, and significant barriers to foreign investment remain, including regulations barring foreign entities from the petroleum and real estate sectors, long bureaucratic delays in starting new enterprises, and a local business culture based on clan and family relationships that can be difficult for foreigners to navigate. -
Places to Visit
About Kuwait City Kuwait City is the capital and largest city of the State of Kuwait, a country with a population of 4 million people. Located at the heart of the country on the shore of the Arabian Gulf, and home to Kuwait's parliament, most governmental offices, the headquarters of most Kuwaiti corporations and banks, Kuwait City is the political, cultural and economic centre of Kuwait. It is also considered as a “Global City”. Additional information on Kuwait Kuwait City's trade and transportation needs are served by Kuwait International Airport, Mina AI-Shuwaik (Shuwaik Port) and Mina AI Ahmadi (Ahmadi Port) 50 kilometres (31 miles) to the south, on the Arabian Gulf coast. Kuwait City is ranked as one of the 25 largest cities in the world in terms of gross domestic product (GDP), along with New York, Tokyo, Moscow, Mumbai and other financial hubs, including Singapore and Dubai. Places to visit American Hospital Mubarakiya Market Kuwait Towers Fish Market Scientific Center Aquarium Dickson House Kuwait National Museum Al-Qurain Martyrs’ Museum Al Shaheed Garden Park Kuwait Equestrian Club Arabella Complex Sahara Kuwait | Kuwait's Premier Golf Resort Beit Lothan Dar Althar Al-Islamiyyah Sabah Al-Ahmad Heritage Village Alhamra Tower - 1 - For shopping Avenues Mall 360 Mall Al Kout Mall Marina Mall Olympia Mall Souq Sharq Al Salam Mall Al Mohalab Mall Gate Mall Salem Al Mubarak Street Malls For further information about Kuwait, please visit the following website: http://www.da.gov.kw/eng/ Constitutional Monarchy Government: Shaikh Sabah al-Sabah Emir Shaikh Nawaf al-Sabah Crown Prince Shaikh Jabber AI-Mubarak al- Sabah Prime Minister 17'820 sq.km. -
Downloads/2003 Essay.Pdf, Accessed November 2012
UCLA UCLA Electronic Theses and Dissertations Title Nation Building in Kuwait 1961–1991 Permalink https://escholarship.org/uc/item/91b0909n Author Alomaim, Anas Publication Date 2016 Peer reviewed|Thesis/dissertation eScholarship.org Powered by the California Digital Library University of California UNIVERSITY OF CALIFORNIA Los Angeles Nation Building in Kuwait 1961–1991 A dissertation submitted in partial satisfaction of the requirements for the degree Doctor of Philosophy in Architecture by Anas Alomaim 2016 © Copyright by Anas Alomaim 2016 ABSTRACT OF THE DISSERTATION Nation Building in Kuwait 1961–1991 by Anas Alomaim Doctor of Philosophy in Architecture University of California, Los Angeles, 2016 Professor Sylvia Lavin, Chair Kuwait started the process of its nation building just few years prior to signing the independence agreement from the British mandate in 1961. Establishing Kuwait’s as modern, democratic, and independent nation, paradoxically, depended on a network of international organizations, foreign consultants, and world-renowned architects to build a series of architectural projects with a hybrid of local and foreign forms and functions to produce a convincing image of Kuwait national autonomy. Kuwait nationalism relied on architecture’s ability, as an art medium, to produce a seamless image of Kuwait as a modern country and led to citing it as one of the most democratic states in the Middle East. The construction of all major projects of Kuwait’s nation building followed a similar path; for example, all mashare’e kubra [major projects] of the state that started early 1960s included particular geometries, monumental forms, and symbolic elements inspired by the vernacular life of Kuwait to establish its legitimacy. -
Company Profile
AL KULAIB Universal CO. for System & Equipments A KFD Grade “A” Approved Company in Firefighting and Fire Alarm Systems COMPANY PROFILE 1 P.O. Box 240 Safat, Code 13003 Kuwait ISO 9001:2015 Email: [email protected] ISO 14001:2015www.akuco.com Tel: 24921734 / 5 / 6, Fax: 24915256 BS OHSAS 18001:2007 CONTENTS ABOUT US 3 OUR MISSION, VISION, & VALUES 4 COMPANY DEPARTMENTS 5 REGISTRATION & APPROVALS 6 -8 PRODUCT RANGE 9 PROJECT REFERENCES 33 2 ISO 9001:2015 ISO 14001:2015www.akuco.com BS OHSAS 18001:2007 ABOUT US • Al Kulaib Safety & Security Co. is established since 1972 under ASAK group of Companies. • ISO certified company dedicated to provide the highest quality of health, safety, and security solutions. • KFD Approved Grade “A” Company • The Company has its own fire extinguisher workshop and Showroom. • One of the 3 Companies in MEW List of Approved Supplier and Contractor for Fire Fighting and Fire Alarm Systems. • Today it is representing world renowned brands with the highest quality standard from Germany, Switzerland, USA, UK, among others. 3 ISO 9001:2015 ISO 14001:2015www.akuco.com BS OHSAS 18001:2007 OUR MISSION, VISION, & VALUES As a team of highly trained and dedicated professionals, it is our mission to provide the highest standard of service in all aspects of Fire Protection Systems. We are a service provider and we stand ready to provide fire suppression, fire prevention and safety. We will faithfully provide these vital services, promptly and safely. We will strive to be a model of excellence in providing fire protection, safety measures, and be an organization dedicated to continuous improvement, innovation, creativity and accountability. -
Zionist Raids Damage Kuwait Specialized Hospital in Gaza
SHAWWAL 8, 1442 AH THURSDAY, MAY 20, 2021 16 Pages Max 47º Min 27º 150 Fils Established 1961 ISSUE NO: 18438 The First Daily in the Arabian Gulf www.kuwaittimes.net Pandemic triggering Longtime car fan Biden Chile’s large Palestinian Benzema recalled by France 8 orphan crisis in India 9 lives his electric dreams 15 community protests strikes 16 for Euro 2020 after 6-yr exile Zionist raids damage Kuwait Specialized Hospital in Gaza Protests continue in Kuwait despite attempts by MoI to ban gatherings By B Izzak and Agencies take place. The ministry had banned another gathering a few days ago, which prompted three GAZA/KUWAIT: The administration of the Kuwait opposition lawmakers to announce their intention Specialized Hospital in Gaza City said yesterday the to grill Interior Minister Sheikh Thamer Al-Sabah. hospital’s facilities were damaged by Zionist raids on The grilling has not yet been filed. The National Rafah in southern Gaza Strip. At dawn, some facili- Assembly will hold a special session next Sunday ties were damaged at Kuwait Specialized Hospital in to debate grillings against three ministers over Rafah governorate, administrative supervisor at the allegations of mismanagement and failure to hospital Talaat Barhoum said in a press statement. respect questions sent by lawmakers. The hospital was damaged after the Zionist Ten opposition MPs had requested the special occupation forces targeted a charity near the hos- session in order to avoid discussing the issue in a pital, which provides aid to the people of Rafah, he regular session, which the opposition is not said. -
Dear Valued Guest, Warm Greetings of the Day
Dear Valued Guest, Warm Greetings of the Day; Many Thanks in advance for choosing our hotel during the New Kuwait Summit 2019. We will be very pleased to provide you the following: Holiday Inn Kuwait Al Thuraya City Room Type (Four Star Upscale) - Rebranded from Crowne Plaza in late 2015 Single Occupancy Double Occupancy Standard Room KD 50 + 15% KD 60 + 15% Package inclusions & Guest Benefits: ➢ Inclusive of Buffet Breakfast ➢ Fridays & Saturdays - Buffet Lunch or Buffet Dinner in Al Ahmadi Restaurant (Free for One Person; Second Person [In-House Guest] at Discounted Rate of KD 10 Net) ➢ Inclusive of free Internet/ Wi-Fi ➢ Inclusive of Complementary Airport Transportation from Kuwait International Airport (Sheikh Saad Airport is at discounted rate of KD 5 Net per way) ➢ Inclusive of Complementary Airport Drop-off on hourly basis ➢ Private Airport Transportation is at KD 6 Net per way; KD 10 Net per way with VIP Cars [BMW & Jaguar] ➢ Access to our 24/7 open Edge Gym, which includes Cardio & Weight Lifting Areas, Squash Courts, Sauna, Jacuzzi, as well as rooftop basketball court ➢ Access to our outdoor Swimming Pool and Jacuzzi, from 6:00 am till 1:00 am ➢ 67% discount on access to our unique Aquatonic therapeutic pool with 160 jets, one of the few in the world ➢ 26% discount on healthy massage packages in our Aquatonic Spa ➢ 25% discount on Restaurants & Cafés (Al Ahmadi - International Buffet, Al Noukhaza - Seafood Buffet, Ayam Zaman – Lebanese, Ayam Zaman Express - Lebanese, Rib Eye - American, Sakura - Japanese, Shabestan - Iranian,