Latest news with #nationaldevelopment
Zawya
3 days ago
- Business
- Zawya
Agility KSCP launches Kuwait-centric strategy supporting Kuwait Vision 2035
KUWAIT – 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. About Agility KSCP Agility is a leader in supply chain services, infrastructure, and innovation, listed in Kuwait and Dubai. For more information about Agility, visit: For Media Inquiries Saad Al-Barazi | +965 97517143 | saad@
Free Malaysia Today
5 days ago
- Free Malaysia Today
Even UN backs mobile phone data project, says MCMC
MCMC's Zurkarnain Yasin said unfounded claims about the mobile phone data initiative risks confusing the public and undermining trust in national data systems. PETALING JAYA : The Malaysian Communications and Multimedia Commission (MCMC) has clarified that the mobile phone data initiative is not intended to track or monitor individuals, as alleged by some quarters. Its deputy managing director, Zurkarnain Yasin, said the data is fully anonymised and only used in aggregate to help provide macro-level insights for national development planning. He said the project, still in its early stages, has received formal recognition from the United Nations as a key big data source to improve the quality, accuracy and timeliness of official statistics. 'This global initiative reflects the urgent need to go beyond traditional statistical methods and adopt innovative data solutions to better understand and address societal challenges,' he said in a statement to FMT. The UN has also set up a special task force involving over 50 countries and organisations, including Malaysia, to explore the use of mobile data for development. Other members include Japan, Brazil, Italy, Mexico, Saudi Arabia and Indonesia. Zurkarnain said the statistics department, which leads the project, will hold briefings with stakeholders soon. His comments came in response to concerns raised by MCA president Wee Ka Siong, who questioned whether the government's directive for telecommunication companies to share user data could violate privacy and lead to potential abuse. Some parties have gone further, accusing the government of engaging in large-scale 'spying' on citizens through the mobile phone data project. Zurkarnain dismissed these claims as baseless, saying such narratives could mislead the public and undermine efforts to develop more reliable sources of national data. 'More precise official data allows for stronger public policy planning and better service delivery,' he said. He also clarified that the data collected does not include any personal or identifiable information, with no mechanism for opting in or out, as the data is drawn from standard mobile network operations. At the technical level, Zurkarnain said the data is automatically generated when a mobile device interacts with transmission towers. He said this data is then processed and anonymised at the telco level before being submitted to the statistics department and MCMC. 'There is no transfer of raw data or user information outside the premises of mobile network operators,' he added.
Zawya
12-06-2025
- Business
- Zawya
Tunisia: President and Finance Minister discuss tax reforms and return of Tunisian citizens abroad
Tunis – President Kaïs Saïed met, on Monday, at Carthage Palace with Finance Minister Mechket Slama Khaldi. During the meeting, the Head of State underscored that "the upcoming finance bill must be developed within the framework of the national development plan, which should reflect the genuine will of the people". He emphasized that "national priorities are the only true basis to meet Tunisian citizens' expectations, particularly by reviewing various tax legislations and creating job opportunities for those who have long endured unemployment". The President instructed that thorough preparations be made for the return of Tunisian citizens living abroad. He stressed the need to provide them with high-quality services, ease administrative procedures, and guarantee full transparency. The meeting also shed light on the performance of several institutions under the supervision of the Finance Ministry. The Head of State recalled that Tunisia has honored all its international financial commitments, "despite many loans taken by the country not benefiting the Tunisian people as expected—a fact acknowledged by numerous international organizations." He asserted that "these debts, which Tunisia continues to pay interest on without deriving any real benefit, should have been canceled." © Tap 2022 Provided by SyndiGate Media Inc. (
Zawya
05-06-2025
- Business
- Zawya
Liberia: President Boakai Extols Denmark on 176th Constitution Day
The President of the Republic of Liberia His Excellency Joseph Nyuma Boakai, Sr., has sent a message of congratulations to His Majesty King Frederik X, King of the Kingdom of Denmark on the occasion of the 176th Anniversary of the signing of the Danish Constitution on June 5. In His Message to His Majesty King Frederik X, President Boakai extended warm congratulations to the Government and people of the Kingdom of Denmark on the occasion commemorating Denmark's Constitution Day on behalf of the Government and People of Liberia and in his own name. According to a Foreign Ministry release, President Boakai stressed that his Government deeply value the longstanding relationship with Demark, dating back to 1861. He stated that Denmark support both directly and through the European Union has played a pivotal role in the national development. The Liberian leader added that he look forward to strengthening cooperation in areas such as agriculture, infrastructure, rule of law education and tourism. He then extended best wishes for His Majesty continued wellbeing, and for the people of Denmark, lasting peace and prosperity. Distributed by APO Group on behalf of Ministry of Foreign Affairs of Liberia.
Malay Mail
01-06-2025
- Business
- Malay Mail
Fahmi urges Malaysian students in Japan to embrace disciplined work culture, return to help build nation
TOKYO, June 1 — Communications Minister Datuk Fahmi Fadzil has encouraged Malaysian students in Japan to adopt the country's disciplined and efficient work culture upon returning home, to contribute to national development. He also urged them to explore work opportunities in Japan to gain valuable experience that could benefit Malaysia in the long run. 'Insya-Allah, Malaysia is in a good position now, economically and in its role as ASEAN Chair. 'I hope you'll take full advantage of your time here to seek out work experience, and then return to help build the nation,' he said during a dinner and engagement session with members of the Malaysian diaspora and student community last night. Fahmi is in Tokyo to attend the Asia-Pacific Telecommunity Ministerial Meeting (APT-MM) 2025, held from May 30 to 31. The meeting aims to boost regional cooperation in telecommunications and information technology. Also present at the gathering were Deputy Head of Mission at the Malaysian Embassy in Tokyo Anwar Udzir and embassy staff. The session was attended by 38 participants, including 11 members of the Malaysian diaspora and 27 students from various universities in and around Tokyo. — Bernama
