Kuwait is seeking to borrow for the first time in nearly a decade, raising hopes for an economic shift to reduce its reliance on oil. This decision comes as Kuwait strives to catch up with its regional neighbors, Saudi Arabia and the UAE, who have set ambitious goals to diversify their economies. Kuwait's wealth remains deeply tied to oil, but it is now turning to borrowing to finance major projects, such as a new port and airport, as part of a broader plan to diversify its economy.

Oil Dependence and the Need for Sustainable Revenue Sources

Sheikh Nawaf Al-Sabah, CEO of Kuwait Petroleum Corporation, emphasized that the country cannot enjoy a sustainable future if oil remains the primary source of revenue. Rising budget demands and population growth require new sources of income beyond oil.

Kuwait’s welfare state has consumed around 80% of the state budget, primarily funding public sector salaries and subsidies. This reliance on oil revenues has left the country vulnerable to fluctuations in the oil market. The newly passed public debt law is a step toward alleviating this issue by allowing Kuwait to tap into international debt markets for regular financing.

Kuwait’s Public Debt Limit and Potential Impact on Economic Growth

The public debt law sets the maximum public debt at KD 30 billion ($97 billion). This significant increase in borrowing capacity aims to finance infrastructure development and economic transformation efforts, with experts like Carla Slim of Standard Chartered Bank suggesting that this move will allow Kuwait to raise funds regularly from international markets.

Major infrastructure projects such as the Mubarak Al-Kabeer Port, a new terminal at Kuwait International Airport, and large-scale road renovation initiatives have been announced. However, economists argue that Kuwait needs to develop a more comprehensive economic strategy that clearly defines the allocation of borrowed funds.

The Role of Oil Exports in Financing Development

Although Kuwait is diversifying its economy, it still plans to rely on oil exports for financing much of the infrastructure development. This strategy is aligned with the broader Gulf region's focus on leveraging oil revenues for national growth.

The passing of the public debt law has fueled optimism in Kuwait’s economic future. The Kuwait Stock Exchange has seen a two-year high, with Kuwaiti stocks outperforming those in Dubai and Riyadh so far this year. This increase in investor confidence reflects hopes that the country is finally moving toward much-needed economic reforms.

Overcoming the Challenges of Allocating Borrowed Funds

Despite the progress made with the debt law, experts believe that Kuwait must now focus on effectively allocating the borrowed funds. Clear and credible plans are needed to ensure that the country’s economic transformation efforts succeed.

While the newly passed public debt law marks a significant step toward reducing Kuwait’s dependence on oil revenues, the country still faces challenges in diversifying its economy. It will be crucial for Kuwait to implement a coherent strategy that balances fiscal sustainability with ambitious infrastructure development projects.

Kuwait’s Ministry of Public Works, under the leadership of Minister Dr. Noura Al-Mashaan, has initiated a large-scale road maintenance project in Jaber Al-Ali, located in Ahmadi Governorate. This initiative is part of the ministry’s commitment to enhancing road infrastructure and maintaining high-quality standards in alignment with international guidelines.

In a press statement on Friday, Dr. Al-Mashaan emphasized that thorough inspections were conducted before commencing the maintenance work. The project prioritizes repairing the most affected areas first, followed by general improvements across the region. The ministry’s teams will closely monitor progress to ensure the timely and efficient completion of the project.

Highlighting the significance of coordination, Dr. Al-Mashaan urged contracting companies to adhere to approved technical specifications and complete the work efficiently within the set timelines. The initiative includes resurfacing roads with a new asphalt layer to enhance durability and safety.

To minimize disruptions, the minister advised motorists to stay informed through the General Traffic Department regarding road closures and alternative routes. She also called on residents to cooperate with authorities and remain patient during the maintenance process to ensure the smooth completion of the project.

This development aligns with Kuwait’s broader strategy to improve road networks and infrastructure, ensuring safer and more efficient transportation across the country.

The Ministry of Interior has completed its preparations for enforcing the new traffic law, set to take effect on April 22. As part of these efforts, a public awareness campaign has been launched to educate motorists on the updated regulations and penalties.

According to Major Musaed Al-Aslawi, Head of the Traffic Awareness Department at the General Traffic Department, the latest traffic surveillance system includes artificial intelligence (AI) cameras, point-to-point speed monitoring systems, and mobile cameras. These advanced technologies are deployed at roundabouts, intersections, and internal and main roads to monitor various violations, particularly seatbelt use and mobile phone usage while driving.

1. Traffic Surveillance Cameras

• Total Units: 413
• Location: Intersections
• Functions:
  • Monitor traffic congestion and adjust signal timings
  • Detect mobile phone usage, failure to wear seatbelts, children sitting in the front seat, and lane violations

2. Fixed Traffic Enforcement Cameras

• Total Units: 421
• Location: Main and internal roads, intersections, and roundabouts
• Functions:
  • Monitor speeding and red signal violations

3. AI-Powered Traffic Cameras

• Total Units: 252
• Location: Most roads and internal areas
• Functions:
  • Detect seatbelt violations, mobile phone usage, children sitting in the front seat, and lane discipline issues

Captured footage from these traffic cameras undergoes a thorough review process before issuing fines. Once a violation is confirmed, a notification is sent to the violator via the Sahel application. Additionally, if multiple violations occur simultaneously, such as using a mobile phone while failing to wear a seatbelt, both infractions are recorded and included in the final penalty.

AI cameras specifically register seatbelt violations for both drivers and passengers, while mobile phone usage violations are only applied to drivers.

The Ministry of Interior aims to enhance road safety and traffic discipline by utilizing cutting-edge AI technology. With the new traffic law coming into effect, the traffic control system is expected to reduce violations and improve road conditions across Kuwait.

The Commerce Ministry's truth-seeking committee has announced an extensive review of raffle draws conducted by banks and commercial enterprises since 2015. The investigation aims to assess the lawfulness of these draws, ensuring compliance with legal and ethical standards.

According to Adnan Abol, the head of the committee, the period under review could be extended based on emerging evidence and legal proceedings. This move underscores the ministry’s commitment to transparency and fairness in commercial activities.

As part of the investigation, the ministry plans to launch an online platform where the public can report suspicious raffle activities. This initiative seeks to empower citizens by allowing them to file complaints and share relevant information, reinforcing accountability and consumer protection.

In a related development, the Public Prosecution has ordered the arrest of a Kuwaiti national and five expatriates linked to the raffle draw scandal. Additionally, international arrest warrants have been issued through Interpol for other suspects involved in the case.

Authorities are intensifying their crackdown on fraudulent commercial practices, signaling a strict stance against any form of misconduct. The ongoing legal proceedings highlight Kuwait’s dedication to upholding integrity within its financial and commercial sectors.

The Ministry of Health (MOH) has unveiled an extensive operational plan to ensure uninterrupted primary healthcare services during the Eid Al-Fitr holiday in 2025. A total of 47 health centers across Kuwait will remain operational, with many providing 24-hour medical services to cater to both citizens and residents.

• Several centers operating 24/7 to meet the demand for urgent healthcare services.
• Others running from 7:00 AM until midnight, ensuring extended medical support.
• One special center functioning from 8:00 AM to 8:00 PM to cater to specific patient needs and reduce hospital emergency department congestion.

1. Capital Health Zone

A total of six centers will be operational:

• 24/7 Centers:
  • Ali Sabah Al-Salem Center (Sulaibikhat)
  • Abdulrahman Al-Zaid Center (Khaitan)
  • Abdullah Al-Abd Al-Hadi Center (Granada)
• 7:00 AM – Midnight Centers:
  • Hassan Al-Dehani Center (Adailiya)
  • Abdulaziz Hussein Center (Mishref)
  • Abdullah Al-Othman Center (Mirqab)

2. Hawally Health Zone

Six centers will remain open:

• 24/7 Centers:
  • Rumaithiya Specialized Center
  • Salwa Specialized Center
• 7:00 AM – Midnight Centers:
  • West Salmiya Center
  • West Salwa Center
  • West Mishref Center
  • Mahmoud Haji Haidar Center (Bayan)

3. Farwaniya Health Zone

Nine centers will provide healthcare services:

• 24/7 Centers:
  • South Firdous Center
  • West Andalus Center
  • Ardiya Center
• 7:00 AM – Midnight Centers:
  • Khaitan Center
  • Abdullah Mubarak Center
  • South Ardiya Center
  • South Jleeb Al-Shuyoukh Center
  • Sabah Al-Nasser Center
  • Al-Raqi Center

4. Ahmadi Health Zone – The Largest Coverage

The Ahmadi Health Zone will have the highest number of fully operational centers, with 12 facilities providing round-the-clock services:

• West Sabahiya
• Sabah Al-Ahmad A
• Fahaheel
• Wafra
• Al-Egaila
• Masayel
• Al-Zohor
• Ahmadi
• Fintas
• Industrial Ports
• South Sabahiya
• Women's Center in Ali Sabah Al-Salem

Ensuring Efficient Healthcare During Eid

The Ministry of Health emphasized that the plan is designed to enhance accessibility to medical services and relieve pressure on emergency departments in hospitals. By distributing healthcare services across different zones, the initiative ensures that patients receive timely medical attention without disruptions.

Hamoud Al-Falah, Vice Chairman of the Touristic Enterprises Company (TEC), reaffirmed the company’s commitment to sustainability and tourism development in Kuwait. Speaking at TEC’s 2024 general assembly, which witnessed full attendance, Al-Falah highlighted the company’s achievements in launching quality projects that have significantly enhanced the country’s entertainment and tourism offerings.

Winter Wonderland Kuwait - Al-Shaab Park

The third season of Winter Wonderland Kuwait was successfully inaugurated at Al-Shaab Park, now the largest entertainment complex in Kuwait. The company has further enhanced the project’s facilities to provide an unparalleled experience for visitors.

South Sabahiya Park - A Family-Friendly Destination

The second season of South Sabahiya Park was also launched, spanning 107,000 square meters and featuring over 55 activities, positioning it as a prime destination for families seeking recreation and leisure.

Blajat Beach Development

TEC has made significant improvements to Blajat Beach, adding new recreational facilities to offer visitors an engaging and dynamic seaside experience.

Waterfront Beautification Project

As part of Kuwait’s urban development, TEC has completed the waterfront beautification project, featuring:

• Dedicated walking and cycling paths
• 40 electric car charging stations
• Comfortable seating areas
• Lush green spaces

These improvements aim to create a welcoming and eco-friendly recreational space for residents and tourists alike.

In alignment with government directives to boost private sector involvement, TEC has opened several of its facilities for investment through transparent public auctions. These include:

• Hilton Resort, Mangaf
• Ras Al-Ard Club, Salmiya
• Aqila Beach
• Messila Beach

The first family entertainment park on the beach, now in its second season.

Joon Project near Kuwait Towers

A premier entertainment hub featuring a luxury restaurant and hosting cultural events, including singing and folkloric performances.

TEC remains dedicated to sustainability by adopting alternative energy solutions and implementing energy-efficient lighting systems. Additionally, the company is focused on optimizing water consumption, aligning with global environmental best practices.

During the general assembly, attendees approved key agenda items, including:

• Board of Directors’ report
• Auditor’s report
• Audited financial statements

TEC’s Legacy in Kuwait’s Tourism Industry

Established in 1976, Touristic Enterprises Company has played a crucial role in shaping Kuwait’s tourism and entertainment industry. As one of the leading tourism organizations in the Arabian Gulf, TEC remains committed to enhancing cultural, recreational, and sustainable tourism experiences.

The Central Bank of Kuwait (CBK) has issued a directive instructing all local banks to suspend upcoming prize draws linked to customer accounts until further notice. This decision comes as part of an ongoing evaluation process aimed at ensuring transparency and compliance with banking regulations.

In an official circular, the CBK emphasized its role in regulating the banking sector, ensuring fair operations, and protecting consumer interests. Citing Article (71) of Law No. 32 of 1968, which governs currency and banking regulations, the central bank stated that the review is essential to maintain clarity and proper governance.

The directive highlights the need for reassessing prize-linked banking products to determine their effectiveness, transparency, and compliance with financial regulations. Banks have been instructed to immediately halt all related draws until the CBK concludes its assessment.

This move reflects the CBK’s commitment to enhancing governance standards and ensuring that all banking products operate within a fair and well-regulated framework. The central bank will assess the findings of the evaluation before making further decisions on the future of prize-linked banking incentives.

While the suspension may temporarily affect customers who participate in bank prize schemes, it aims to strengthen banking integrity and build consumer trust. The CBK’s decision reinforces its stance on prioritizing financial transparency and ensuring that banking incentives align with best practices.

The Central Bank of Kuwait (CBK) has announced that select ATMs across major shopping malls will be stocked with new Kuwaiti dinar banknotes in preparation for Eid al-Fitr. This initiative caters to the high demand for new currency as citizens prepare Eid gifts in the form of fresh banknotes.

The CBK confirmed that new banknotes would be available at The Avenues Mall, 360 Mall, Al Kout Mall, and Capital Mall, starting from March 25 until the first day of Eid al-Fitr. This initiative is conducted in collaboration with the Kuwait Banking Association, the Shared Automated Banking Services Company (K-NET), and participating malls.

The CBK emphasized that this special ATM service has been well-received in previous years, as it ensures convenient access to smaller banknote denominations, which are often in high demand during Eid but less available in standard ATMs.

Beyond the dedicated ATMs, the CBK has supplied local banks with fresh Kuwaiti dinar banknotes to ensure their availability at branches across the country. In anticipation of Eid, 308 bank branches and 101 ATMs have been designated to meet the public's demand for new currency.

The Central Bank's initiative is aimed at simplifying the process of acquiring fresh banknotes while enhancing the overall Eid experience for citizens. Details on the locations and operating hours of participating bank branches and ATMs have been announced to facilitate easy access.

Embassy of India, Kuwait invites application from suitable candidates for the local post of Arabic Interpreter in the Embassy.

The number of domestic workers in Kuwait dropped to 740,000 by the end of Q3 2024, marking a 6.3% decrease from 790,000 in 2023, according to the Central Administration of Statistics. Domestic workers now constitute 25.3% of the total expatriate workforce in the country.

Among the total domestic worker population, 411,000 are female, while 329,000 are male.

According to the Al-Shall report, the Philippines has the highest number of female domestic workers, totaling 149,000 by the end of Q3 2024. This marks a significant decline from 193,000 in 2023.

On the other hand, India has the largest number of male domestic workers, with a total of 219,000 in 2024, compared to 251,000 in 2023.

When considering both domestic and other expatriate workers, Indians form the largest expatriate workforce in Kuwait, with a total of 887,000 workers by the end of Q3 2024.

The Kuwaiti Ministry of Commerce and Industry has referred a suspected case of commercial raffle fraud to the Public Prosecution for legal proceedings. Authorities have taken swift action against individuals involved, emphasizing the country’s commitment to combating fraudulent activities in commercial operations.

In connection with the case, criminal investigation officers arrested an Egyptian woman at Kuwait International Airport as she attempted to leave the country. The General Department of Criminal Investigation had earlier issued an alert with her details to all entry and exit points. Acting upon this notification, airport authorities apprehended the suspect before her departure.

Following her arrest, the woman was handed over to the relevant authorities for further legal action. The Ministry of Commerce continues to work closely with law enforcement to ensure accountability and protect consumers from fraudulent business practices.

This development highlights Kuwait’s zero-tolerance policy on fraud and its proactive approach to maintaining transparency in commercial dealings.

Kuwait has been ranked 80th globally and seventh in the Arab world in the 37th edition of the Global Financial Centres Index (GFCI), conducted by Z/Yen Group and the China Development Institute (CDI). The country dropped 11 spots, earning a score of 672 points, as reported by Al Rai newspaper.

The GFCI evaluates 119 financial centers worldwide by analyzing data from reputable organizations such as the World Bank, the Organization for Economic Co-operation and Development (OECD), and the United Nations. Rankings are based on 31,314 financial center assessments collected from 4,946 financial professionals through an online survey. The index is updated biannually, every March and September, and is highly regarded in the global financial sector.

Among Arab nations, Kuwait ranked seventh, with the United Arab Emirates (UAE) leading the region:

• Dubai – 12th globally (1st in the Arab world)
• Abu Dhabi – 38th globally
• Casablanca – 55th globally
• Riyadh – 71st globally
• Doha – 73rd globally
• Bahrain – 75th globally
• Kuwait – 80th globally

On the global stage, New York retained its position as the top financial center, followed by London in second place, and Hong Kong in third. Other financial powerhouses in the top 10 include:

1. New York (1st)
2. London (2nd)
3. Hong Kong (3rd)
4. Singapore (4th)
5. San Francisco (5th)
6. Chicago (6th)
7. Los Angeles (7th)
8. Shanghai (8th)
9. Shenzhen (9th)
10. Seoul (10th)

The GFCI serves as a benchmark for assessing the competitiveness of financial centers worldwide. It provides insights into factors such as business environment, financial sector development, infrastructure, human capital, and reputation. Financial hubs with strong rankings benefit from increased investor confidence and greater economic opportunities.

Minister of Public Works Dr. Noura Al-Mashaan reaffirmed the significance of the Mubarak Al-Kabeer Seaport in positioning Kuwait as a central hub for international trade and commerce. During her site visit to Boubyan Island, she emphasized the project's role in Kuwait Vision 2035, a strategic initiative aimed at transforming the country into a leading economic and commercial powerhouse.

Dr. Al-Mashaan, who also serves as the Acting Minister of Water, Electricity, and Renewable Energy, stated that her visit aligns with leadership directives to accelerate the construction process. The inspection focused on assessing recent progress following the March 16 contract signing, marking the official commencement of construction.

The Mubarak Al-Kabeer Seaport project is a testament to Kuwait’s growing partnership with China, highlighted by the Memorandum of Understanding (MoU) signed in September 2023. This agreement lays the groundwork for multiple collaborative ventures, with the seaport being a key component. The current contract includes finalizing the port’s design and developing a comprehensive execution and operation plan.

Dr. Al-Mashaan stressed that the port is expected to boost Kuwait’s trade and logistics sector, significantly impacting import and export activities. By enhancing the nation’s maritime capabilities, the project will play a pivotal role in economic diversification, aligning with New Kuwait 2035 objectives.

She further underscored the project’s importance in regional trade and finance, reinforcing Kuwait’s ambition to become a dominant player in international commerce. The development of the Mubarak Al-Kabeer Port will create a strategic economic corridor, facilitating smoother trade routes and fostering economic growth.

During her visit, Dr. Al-Mashaan reiterated the government’s commitment to ensuring the port’s timely completion and adherence to safety standards. She emphasized that the leadership is closely monitoring progress to maintain project efficiency and effectiveness.

The Mubarak Al-Kabeer Seaport is set to become a major commercial and logistical hub, solidifying Kuwait’s status as a key player in the region’s maritime trade industry.

The Ministry of Commerce has announced the suspension of exchange offices that failed to meet the deadline for regularizing their status under the Central Bank of Kuwait’s (CBK) regulations by March 31, 2025. This move aligns with the government’s ongoing efforts to enhance financial oversight and compliance within the exchange sector.

Regulatory Compliance Deadline for Exchange Offices

In accordance with Cabinet decisions, the responsibility for overseeing exchange offices has been transferred to the Central Bank of Kuwait (CBK). All licensed exchange offices are required to comply with the CBK’s regulatory framework before the deadline.

Failure to adhere to these requirements will result in immediate operational suspension, affecting businesses that do not meet compliance standards. The Ministry of Commerce has reaffirmed that strict action will be taken against any entity that disregards these directives.

Impact on Exchange Market and Financial Sector

The enforcement of this deadline is expected to:

• Strengthen financial transparency within Kuwait’s exchange sector.
• Ensure better consumer protection by regulating financial transactions.
• Prevent potential financial crimes, such as money laundering and fraudulent activities.

Industry experts have emphasized that compliance with CBK guidelines will enhance market stability and bolster Kuwait’s financial regulatory framework.

Government's Commitment to Financial Oversight

The Kuwaiti government remains committed to ensuring a well-regulated financial environment. Recent measures taken by the Central Bank reflect the country's broader strategy to align with international financial standards and boost investor confidence.

The Ministry of Commerce urges all exchange offices to finalize their regulatory adjustments before the March 31, 2025 deadline to avoid suspension and ensure smooth business operations.

The General Authority for Food and Nutrition has issued an urgent warning regarding Iceland Vegetable Lasagna, advising consumers not to consume the product and to dispose of it immediately.

Reason for the Warning

The alert comes after plastic pieces were detected in the product, posing a serious contamination risk and potential health hazard.

Affected Product Details

• Product: Iceland Vegetable Lasagna
• Weight: 400 grams
• Expiration Dates: July 23, 2026, and July 30, 2026

Market Withdrawal and Consumer Advisory

As a precautionary measure, the contaminated product is being withdrawn from the market. The General Authority for Food and Nutrition has urged consumers to check their purchases and follow official guidance to ensure food safety.

Faqaa, commonly known as desert truffle, is a highly prized fungus in Kuwait that grows in the desert during the winter and early spring months. The unique taste and flavor of this seasonal delicacy make it highly sought after by local gourmets and food lovers alike.

The Different Types of Kuwaiti Desert Truffles

There are several types of desert truffles in Kuwait, each distinguished by their size, shape, and color. Among them, the Zubaidi truffle stands out for its large size, white color, and irregular rounded shape, making it the most sought-after variety.

Zubaidi Truffle: The Most Valued

Zubaidi is the most prized of all desert truffles due to its large size and exceptional quality. It’s recognized by its white hue and irregular round shape, a characteristic that makes it particularly popular among consumers.

Other Varieties: Khalasi, Jabi, and Hober

While Zubaidi is the most sought after, other varieties like Khalasi, Jabi, and Hober also have their place in Kuwaiti cuisine. These varieties, although smaller in size, are equally appreciated for their delicate flavor.

How Truffles Grow: The Role of Rainfall and Thunderstorms

Truffles thrive in the desert following rainfall and thunderstorms, which create the ideal conditions for their growth. The moisture from these weather patterns encourages the truffles to mature beneath the surface of sandy or clay-rich soil.

The Truffle Harvesting Tradition in Kuwait

For many Kuwaitis, the truffle season marks an exciting opportunity to venture into the desert, following the rains. Enthusiasts scour the terrain for cracks and soil lumps, which are clear indicators that truffles are maturing underground.

The Harvesting Process

Truffle hunters carefully dig for the prized fungus, which is then either consumed or sold in local markets. The rarity of truffles makes them a valuable commodity, with prices reaching impressive heights.

The Cultural and Culinary Appeal of Faqaa

Faqaa is not just a seasonal delicacy; it holds cultural significance in Kuwait. Its unique taste and texture make it a favorite ingredient in a variety of dishes, from soups to traditional Kuwaiti meals.

The desert truffle, or faqaa, is a symbol of Kuwait’s rich natural heritage and a culinary treasure that brings people together during the truffle season. Whether enjoyed fresh or sold in markets, it remains a rare and valuable commodity that reflects the connection between the people of Kuwait and their desert landscape.

The Ministry of Commerce and Industry in Kuwait is evaluating a legal proposal to automatically cancel commercial licenses that have been expired for over a year or inactive for six consecutive months. This initiative comes amid growing concerns over dormant business licenses and an influx of visitors seeking assistance with beneficial ownership registration.

Legal Debate on License Cancellation

Conservative View: Legal and Financial Concerns

A segment of legal experts argues that the ministry lacks the legal authority to unilaterally revoke commercial licenses. They emphasize the potential financial and legal repercussions, particularly in cases involving businesses tied to commercial centers or long-overdue financial statements. This group insists that license cancellations must follow a procedural approach, requiring the approval of the license holder.

Supportive View: Aligning with Companies Law

Conversely, another legal opinion supports the ministry's authority to cancel inactive or expired licenses under the Companies Law and Commercial Licensing Law. This perspective asserts that businesses that fail to renew their licenses within a year or remain inactive for six months can be lawfully deregistered. Advocates of this approach reference Article 11/3 of Law No. 111 of 2013, which grants regulatory bodies the right to enforce licensing regulations. They also highlight the administrative relief this measure would bring by reducing the backlog of beneficial owner registrations.

Addressing Dormant Licenses and Compliance

The ministry has identified a substantial number of inactive licenses, some of which have never operated or submitted financial reports. Complicating the issue further, the recent implementation of beneficial ownership registration has introduced penalties for non-compliance, ranging from 1,000 to 10,000 Kuwaiti dinars, with severe violations subject to fines up to 500,000 dinars under the Anti-Money Laundering and Terrorism Financing Law.

Ministry officials are carefully evaluating both legal interpretations before making a final decision. Any resolution is expected to adhere to the Companies Law and relevant ministerial regulations.

Progress on Beneficial Owner Registration

In parallel with license cancellations, the Ministry of Commerce is making strides in beneficial owner registration. Currently, approximately 60% of the 226,938 registered commercial entities have completed their disclosure. The ministry aims to achieve 90% compliance by June, aligning with recommendations from the Financial Action Task Force (FATF) to bolster Kuwait’s anti-money laundering framework.

To simplify the registration process, the ministry has introduced the "Actual Beneficiary Owner" service via the "Sahl Business" platform. This digital solution streamlines the disclosure process, ensuring ease of compliance for businesses. A recent report by Al-Rai highlighted that 31,700 companies successfully registered within four days of the initiative’s launch.

Under Ministerial Resolution No. 16 of 2025, all registered entities—including sole proprietorships and companies—must disclose their beneficial owners, except for firms listed on the Kuwait Stock Exchange, foreign stock markets, or government-owned corporations.

Key Takeaways

• Legal Debate: Conflicting opinions exist regarding the ministry’s authority to revoke expired or inactive licenses.
• Administrative Challenges: The ministry faces an increasing workload due to beneficial ownership compliance.
• Regulatory Compliance: Over half of eligible businesses have registered their beneficial owners, with a goal of 90% compliance by June.
• Digital Solutions: The "Sahl Business" platform facilitates seamless registration.

As Kuwait enhances its regulatory framework, the resolution of this legal debate will significantly impact commercial operations and anti-financial crime efforts in the country.

In response to intensified efforts by the Ministry of Commerce and Industry (MOCI) to enforce beneficial ownership disclosures, approximately 31,700 companies have submitted their ownership details within four days. This surge accounts for 4.3% of the total 226,938 valid commercial licenses. Consequently, the overall compliance rate has now risen to 55%, reflecting growing adherence to regulatory requirements.

Understanding the Compliance Surge

The Ministry of Commerce has witnessed a steady influx of business owners seeking clarity on the "actual beneficiary" disclosure process. These individuals fall into two main categories:

• Seeking Guidance – Business owners looking for procedural assistance regarding beneficial ownership disclosure.
• Expired License Holders – Owners of suspended or expired licenses who have not submitted financial reports for years.

Ministry officials have advised affected businesses to either regularize their status or cancel their commercial licenses to avoid penalties. Consequently, some business owners have opted to update their records, while others have initiated the cancellation process.

Aligning with FATF Recommendations

To strengthen compliance with Financial Action Task Force (FATF) recommendations on anti-money laundering (AML) and counter-terrorism financing (CTF), the Ministry of Commerce aims to increase the disclosure rate to 60% by June. Failure to comply will result in financial penalties.

To simplify the process, the Ministry is integrating the "Beneficial Owner" disclosure service into the Sahel Business platform, providing a user-friendly interface with clear step-by-step instructions.

Who Must Disclose Beneficial Ownership?

Under Ministerial Resolution No. 16 of 2025, all business entities listed in the commercial register, including sole proprietorships and various company types, must disclose their beneficial owners. However, exemptions apply to:

• Publicly listed companies (domestic or foreign stock exchanges)
• Government-owned entities

Penalties for Non-Disclosure and False Information

The Ministry is preparing to impose strict penalties for non-compliance and inaccurate disclosures. The penalties include:

• KD 1,000 fine for failing to disclose ownership details after the grace period (post-Eid).
• Escalating fines up to KD 10,000 for continued non-compliance.
• Additional penalties under Law 106 on AML/CTF, which can reach KD 500,000 for severe violations.

Authorities will verify submitted data, and individuals found to have provided false information will face further legal consequences.

Deadline for Compliance Approaching

The Ministry has set a March deadline for businesses to either disclose beneficial ownership details or cancel their expired licenses. Canceling a commercial license involves coordination with multiple agencies, including the Public Authority for Manpower, and typically takes two to three weeks.

To avoid financial penalties, businesses with inactive licenses are urged to submit cancellation requests immediately. The Ministry has reported a significant increase in inquiries and license cancellations as businesses seek to comply with the new regulations.

The Acting Director General of the Directorate General of Civil Aviation (DGCA), Duaij Al-Otaibi, has announced the successful completion and operation of major infrastructure projects at Kuwait International Airport. These projects include the third runway, a new air traffic control tower, and Air Cargo City.

During a televised interview, Al-Otaibi highlighted the extensive support infrastructure, such as power stations, fire stations, and advanced radar and air navigation simulation systems.

Al-Otaibi revealed that Kuwait plans to establish the Civil Aviation Authority, which will oversee operations through specialized private companies. This will include an entity to manage airports and another for air navigation services, ensuring efficient and modernized aviation operations.

He emphasized, "This is the ideal and most appropriate vision for the future of aviation in the country."

The new Kuwait International Airport is expected to be operational in the last quarter of 2026, as per commitments made by the project’s implementing company. The expansion aims to significantly enhance passenger handling capacity, from the current 16 million passengers annually to an estimated 25 million, with a maximum capacity of 27 million passengers per year.

Al-Otaibi highlighted that Air Cargo City is among the largest cargo hubs in the Middle East, capable of accommodating over 77 giant cargo aircraft. This state-of-the-art facility is fully ready for operation, reinforcing Kuwait’s position as a key logistics hub in the region.

The DGCA has undertaken 13 major infrastructure projects, including the reconstruction of the central and eastern runways. These will become operational following the full activation of the third runway, expected in the coming days. Additional enhancements include upgraded air navigation systems, weather monitoring equipment, and advanced ground services.

Looking ahead, the government is considering the construction of another airport in northern Kuwait, aligning with the Mubarak Al-Kabeer Port and Mutlaa City development projects. This expansion is aimed at strengthening Kuwait’s aviation sector and economic growth.

Al-Otaibi affirmed that the aviation sector is poised to play a critical role in Kuwait’s future, contributing 25% of the national income within the next decade. This strategic vision aligns with Kuwait’s broader economic diversification plans.

Publicly breaking the fast during Ramadan—defined as eating, drinking, or smoking in public during daylight hours without a valid excuse—is a legal offense in Kuwait and many Islamic countries. This act not only contravenes religious principles but also violates civil laws designed to preserve the sanctity of Ramadan. Those who engage in this act are advised to seek repentance, as it is considered a major sin in Islam.

What Constitutes Publicly Breaking the Fast?

1. Deliberate Violation

An individual intentionally consumes food, beverages, or smokes in public during fasting hours without a valid reason such as illness or travel.

2. Public Display

The act is performed openly, making it apparent to others that the individual is not fasting.

3. Lack of a Legitimate Excuse

The individual does not have a valid exemption, such as a medical condition or travel, which would permit breaking the fast.

For instance, if a security officer or passerby observes someone eating in a public area or smoking inside a car during fasting hours, this is considered a public violation.

Are There Exemptions for Those with Valid Reasons?

Individuals who are exempt from fasting due to valid reasons—such as illness, travel, pregnancy, or medical conditions—must provide relevant documentation, such as a medical certificate or travel proof, to avoid penalties. Islam permits them to break their fast, but they are expected to do so discreetly.

The Ministry of Interior’s Investigations Department handles such cases and may consider humanitarian circumstances. However, those who openly violate the rule, such as by smoking in public, are unlikely to receive leniency.

What Are the Legal Penalties for Public Fasting Violations?

Under Kuwaiti Law No. 44 of 1968, individuals found publicly breaking their fast face the following penalties:

• A fine of up to 100 Kuwaiti dinars, imprisonment for up to one month, or both.
• The same penalties apply to those who encourage or compel others to break their fast in public.
• In some cases, expatriates convicted of this offense have faced deportation.

Regulations for Shops and Restaurants During Ramadan

Businesses operating during Ramadan must adhere to strict guidelines:

• Establishments where public fasting violations occur may be closed for up to two months.
• The Kuwait Municipality has set working hours for shops and restaurants, allowing food preparation to commence two hours before iftar.
• The Minister of Interior holds the authority to order the closure of establishments during fasting hours to enforce compliance with Ramadan laws.

Common Violations During Ramadan

Reckless Driving

Many motorists and delivery riders speed dangerously in the minutes leading up to iftar, increasing the risk of road accidents.

Arguments and Disputes

Tensions may arise, leading to unnecessary conflicts that contradict the spirit of Ramadan.

Advice for Residents and Expats

• Respect the Sanctity of Ramadan: Expats and non-Muslims are urged to avoid eating, drinking, or smoking in public during fasting hours.
• Observe Discretion: Those with legitimate reasons to break their fast should do so privately to uphold the values of Ramadan.
• Promote Harmony: Encouraging respect for religious observances fosters a peaceful and reflective environment for all.

By following these guidelines, individuals can contribute to maintaining the sanctity of Ramadan while ensuring a respectful and lawful observance of the holy month.