Latest news with #AmiriDecree
Arab Times
a day ago
- Business
- Arab Times
Agility KSCP Launches Kuwait-Centric Strategy Supporting Kuwait Vision 2035
KUWAIT CITY, June 19: Agility Public Warehousing Company KSCP's (Agility KSCP) new Board of Directors today announced a refocusing of its strategic direction, shaped by Kuwait's promising growth outlook and aimed at accelerating infrastructure development. The new strategy positions the company as a dedicated platform supporting Kuwait's national development priorities under Kuwait Vision 2035. This focus affirms Agility KSCP's foundational mission, as defined by the Amiri Decree that established the company in 1979 to develop critical warehousing and infrastructure in Sulaibiya, Doha, and Mina Abdullah. Positioning for Strategic Alignment with Kuwait Vision 2035 Agility KSCP is positioning its capital, operations, and leadership to support national economic priorities, with plans to invest more than KD 100 million through 2030. Agility KSCP will focus on high-priority sectors including: ● Facilitating government initiatives to attract FDI and develop Mubarak Al Kabeer Port. ● Contributing to the development of new economic zones such as the Northern Area project. ● Customs modernization and supply chain enablement. ● Industrial real estate and warehousing. ● Industrial waste management and recycling infrastructure. ● Development of major data centre projects. ● Promoting the resilience and security of Kuwait's food and health care sectors. The company's streamlined, Kuwait-centric strategy unlocks operational agility and capital efficiency by consolidating its footprint in a growth market where it has long-standing execution capability and deep institutional knowledge. Driving Impact Through Governance and Capital Alignment To better support Agility KSCP's new direction and improve the company's responsiveness to government priorities, Agility KSCP is taking several structural steps: ● National alignment: Formation of a permanent senior board committee dedicated to aligning with national initiatives and enhancing stakeholder coordination, with a particular focus on deepening engagement and responsiveness to government priorities and policy direction. ● Unlocking shareholder value through an in-kind distribution of Agility Global PLC stake: Agility KSCP's Board is enhancing value for its shareholders through an in-kind dividend distribution of an approximately 20% stake in ADX-listed Agility Global PLC to shareholders of Agility KSCP. This strategic move provides a direct and tangible return, allowing shareholders to benefit from a stake in a high-potential entity. By increasing Agility Global PLC's free float, the distribution is expected to significantly improve share liquidity, enhance price discovery, and position Agility Global PLC for greater visibility and potential inclusion in key equity indices. This initiative reflects the Board's ongoing commitment to maximizing shareholder value and aligning long-term interests. ● Fostering Kuwaiti Talent: Building on its longstanding commitment to developing Kuwaiti human capital, the company will intensify efforts to recruit, develop, and retain Kuwaiti nationals—who will serve as the driving force behind the strategy. ● New brand: To provide further clarity for shareholders and stakeholders, Agility KSCP will in due course carry a new name that reflects its new mission. Together, these strategic priorities are designed to enhance focus and operational efficiency and unlock long-term value—reinforcing Agility KSCP's position as a trusted industrial partner and key enabler of Kuwait's economic growth. Offering Investors Access to Kuwait's Growth Tarek Sultan, Vice Chairman of Agility KSCP, said: 'As a company with deep national roots, we are aligning every aspect of our operations and capital allocation to serve Kuwait's long-term economic transformation. This evolution to focus on Kuwait's infrastructure priorities offers investors direct access to the country's most promising non-oil growth sectors—backed by committed capital, local execution strength, and strategic alignment with government objectives. Our KD 100+ million investment in Kuwait's logistics and infrastructure sector underscores our belief in the country's strategic geographic position, resilient economy, and fast-growing e-commerce market. We're proud to support the development of advanced logistics and industrial infrastructure that will drive trade, create jobs, and contribute to Kuwait's broader economic diversification efforts." In-Kind Dividend Announcement Agility's Board of Directors has approved an in-kind dividend for Q1, 2025 in the form of shares in Agility Global PLC, representing around 20% of Agility Global PLC's issued share capital. Under the approved terms, eligible shareholders of Agility KSCP will receive 82 shares of Agility Global PLC for every 100 shares held in Agility KSCP. This distribution reflects the Board's ongoing efforts to unlock shareholder value, improve trading liquidity for Agility Global, and enhance the company's eligibility for index inclusion.
Arab Times
2 days ago
- Politics
- Arab Times
Kuwait marks 64 years of independence and sovereignty
KUWAIT CITY, June 19: Kuwait marks the 64th anniversary of its independence today, commemorating a historic moment that signified the country's emergence as a fully sovereign state and the beginning of a transformative journey defined by dignity, progress, and national pride. On June 19, 1961, the late Amir Sheikh Abdullah Al-Salem Al-Sabah officially declared the end of the British protectorate agreement, paving the way for Kuwait to become an independent nation with full authority over its land and resources. This historic milestone laid the foundation for political autonomy and a modern renaissance that would guide the country's future. Describing the occasion as one of Kuwait's most pivotal turning points, citizens recall the remarkable achievements accomplished over the past six decades. These milestones reflect the success of strategic planning and visionary leadership committed to the development and prosperity of the country and its people. Kuwait has also earned a prominent role on the regional and international stage, particularly for its humanitarian contributions. The nation's steady progress continues under the wise leadership of His Highness the Amir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah and His Highness the Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah. Their efforts have strengthened Kuwait's domestic growth and its global diplomatic presence through a balanced policy of preventive diplomacy. Reflecting on the historic declaration, Sheikh Abdullah Al-Salem addressed the nation on the day of independence, stating: "On this auspicious day of our beloved homeland... we move from one stage to another in the stages of history, turning with the dawn a page of the past... to open a new page represented by this agreement, by virtue of which Kuwait gained its full independence and complete sovereignty." Three years later, on May 18, 1964, a decree was issued merging National Day with Accession Day, marking Sheikh Abdullah Al-Salem's rise to power, which is now observed annually on February 25. The path to independence was not spontaneous but the result of deliberate efforts by Sheikh Abdullah Al-Salem since his accession in 1950. Recognizing the nation's potential, he worked toward achieving independence and enacting a constitution. This culminated in an Amiri Decree issued on August 26, 1961, to hold elections for a Constituent Assembly tasked with drafting a constitution based on democratic principles. Within nine months, the Assembly completed a 183-article document that established the legal and institutional foundations for Kuwait's democratic governance. Following independence, Kuwait swiftly passed 43 civil and criminal laws, including legislation on nationality, currency, passports, and administrative regulations. A separate Amiri Decree was issued to organize the judiciary, ensuring comprehensive jurisdiction over domestic legal matters. Internationally, Kuwait made its presence felt by joining numerous regional and global organizations. The UN Security Council began reviewing Kuwait's membership application on November 30, 1961, and on May 14, 1963, Kuwait officially became the 111th member of the United Nations. Even before independence, Kuwait had a well-established administrative structure, with departments in public works, health, education, telecommunications, electricity, water, social affairs, endowments, and media. These departments were instrumental in supporting the young nation's rapid development and institutional expansion. Post-independence, Kuwait adhered to the principles of international legitimacy— rejecting aggression, protecting human rights, preserving national sovereignty, and advocating non-interference in the internal affairs of other nations. The country also strongly supported the role of the United Nations in promoting global peace and security. Today, 64 years after its independence, Kuwait continues to advance comprehensive development strategies at the national level while maintaining a foreign policy grounded in moderation, cooperation, and peaceful conflict resolution. It works closely with regional and international partners to prevent disputes and promote stability. Kuwait's independence stands as a testament to the determination of its people, who believed in their right to freedom and worked to transform that vision into reality. As the nation honors this legacy, the responsibility now lies with future generations to preserve and build upon it — recognizing that true nation-building is sustained not only by remembering the past, but through dedicated effort toward a stronger, brighter future.
Gulf Today
05-06-2025
- Politics
- Gulf Today
Sultan issues decree to dissolve SCC
His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah has issued an Amiri Decree on Wednesday, dissolving the second regular session of the 11th legislative term of the Sharjah Consultative Council (SCC), effective as of Thursday, June 19, 2025. Separately, Sheikh Sultan issued an Amiri Decree regarding the promotion of officers in the General Command of the Amiri Guard. The promotion included 8 officers to the higher ranks, effective from the date of eligibility.
Al Etihad
04-06-2025
- General
- Al Etihad
UAQ Ruler appoints Deputy Ruler
4 June 2025 15:31 UMM AL QAIWAIN (WAM) His Highness Sheikh Saud bin Rashid Al Mu'alla, Supreme Council Member and Ruler of Umm Al Qaiwain, has issued Amiri Decree No. (7) of 2025, appointing Sheikh Ahmed bin Saud bin Rashid Al Mu'alla as Deputy Ruler of the Emirate of Umm Al decree also stipulates the cancellation of previous Amiri Decrees: Decree No. (1) of 2004 and Decree No. (1) of 2007, along with any decisions issued pursuant to them. The decree shall come into force from the date of its signing and shall be published in the official gazette.
Arab Times
02-06-2025
- Politics
- Arab Times
75% Surge In Kuwaiti-to-Kuwaiti Marriages After Nationality Law Amendment
KUWAIT CITY, June 2: The amendment of some provisions of the Amiri Decree on the Kuwaiti Nationality Law – which aims to strengthen national identity, maintain public order and abolish Article Eight stipulating that the marriage of a foreign woman to a Kuwaiti man does not entail her becoming a Kuwaiti – has led to a 75 percent increase in the number of Kuwaiti women marrying Kuwaiti men and a lower rate of foreign marriages. The newspaper obtained a copy of the recent statistics issued by the Department of Legal Documentation at the Ministry of Justice, indicating that the number of marriages between Kuwaiti men and Kuwaiti women reached 2,916 from the beginning of January until the end of April 2025. The statistics showed that 332 Kuwaiti men got married to non-Kuwaiti women, 133 Kuwaiti women got married to non-Kuwaitis, 44 Kuwaiti men got married to Bedouns and 10 Kuwaiti women got married to Bedouns. In addition, the number of divorces between Kuwaiti husbands and Kuwaiti wives reached 1,419; while the number of divorces between Kuwaiti husbands and non-Kuwaiti wives reached 332, and 141 Kuwaiti women were divorced from non-Kuwaiti men. Moreover, a statistical analysis of the achievements of the Sharia Documentation Department in April 2025 revealed that the number of documented marriages, by nationality, reached 1,149. The rate of marriages where both spouses are Kuwaiti nationals was 75 percent, while the percentage of marriages where both spouses are non-Kuwaiti nationals was 13.4 percent. The rate of marriages where the husband is Kuwaiti and the wife is non-Kuwaiti was 8.4 percent, while the percentage of marriages where the husband is non-Kuwaiti and the wife is Kuwaiti was 3.2 percent of the total marriages. The total number of documented authentication cases by nationality of husband and wife reached 117. The rate of documented authentication cases in which both spouses are Kuwaiti citizens was 4.3 percent, while the percentage of documented authentication cases in which both spouses are non-Kuwaiti citizens was 29.9 percent. The rate of documented authentication cases in which the husband is Kuwaiti and the wife is non-Kuwaiti was 60.7 percent, while the percentage of documented authentication cases in which the husband is non-Kuwaiti and the wife is Kuwaiti was 5.1 percent. The total number of documented divorces by nationality of the husband and wife was 754. The percentage of documented divorces in which both spouses are Kuwaiti citizens was 59.1 percent, while the percentage of divorces in which both spouses is non-Kuwaiti citizens was 18.4 percent. The rate of divorces in which the husband is Kuwaiti and the wife is non-Kuwaiti was 15.9 percent, while the percentage of divorces in which the husband is non-Kuwaiti and the wife is Kuwaiti was 6.5 percent.
