In response to an invitation from the Kuwait Institute for Judicial and Legal Studies, the Union of Investment Companies (UIC) participated in the presentation organized by the Institute on Monday, 29th June 2026, at its headquarters. The presentation aimed to showcase the training programs offered for private sector employees and to explore avenues for strengthening partnership and cooperation with private sector companies and institutions, as part of efforts to support the development of national competencies and enhance legal and professional qualification. UIC was represented by Legal Counselor/ Amr Mohammed Hafez, Member of the Legal Committee, and the meeting was also attended by representatives of a number of UIC member companies.
The presentation commenced with an introduction to the Kuwait Institute for Judicial and Legal Studies, highlighting its role in preparing and developing judicial and legal professionals. It also featured the Institute's training plan and specialized legal programs designed for employees and legal professionals working in private sector institutions, in line with evolving legislative developments and emerging professional requirements.
The presentation further included an overview of the Institute's strategy for strengthening partnerships and cooperation with private sector institutions, as well as a discussion on mechanisms for establishing sustainable collaboration in the fields of legal training, professional development, research, and knowledge exchange. These efforts aim to enhance the capabilities of the national workforce and strengthen integration between training institutions and the private sector.
The Union of Investment Companies hosted a delegation from the Embassy of the Republic of Ukraine in Kuwait during a meeting held on Monday, 25 th May 2026, at UIC’s premises.
Attendees from the Embassy included:
- H.E. Mr. Maksym Subkh Ambassador
- Mr. Volodymyr Kuruts Deputy Head of Mission
Attendees from UIC included:
- Mr. Abdullah Hamad Al-Turkait Chairman
- Ms. Fadwa Adel Darwish Secretary General
Mr. Abdullah Al-Terkait welcomed the delegation of the Embassy of Ukraine in Kuwait, expressing his appreciation for the visit and affirming the importance of strengthening bilateral relations between the two sides across various areas of mutual interest. He also emphasized the solid economic and investment ties between Kuwait and Ukraine, and the role played by the UIC in supporting the Kuwaiti investment sector and enhancing cooperation with relevant international bodies and institutions.
For his part, H.E. the Ambassador of Ukraine expressed his appreciation for the bilateral relations between Kuwait and Ukraine, reaffirming Ukraine's keenness to expand economic and investment cooperation with the Kuwaiti side, particularly given the available opportunities in the sectors of reconstruction, food security, energy, and infrastructure.
A number of promising investment opportunities in Ukraine were reviewed, especially in the sectors of housing, infrastructure, energy, agriculture, and digital technology, in light of reconstruction plans and future development programs. The institutional frameworks supporting this cooperation were also discussed, most notably the Joint Action Plan for the Strategic Dialogue between the Gulf Cooperation Council States and Ukraine for the period (2025–2030), as well as the bilateral investment promotion and protection agreements concluded between the two countries, which provide a conducive contractual and institutional framework for Kuwaiti companies to participate in these opportunities.
During the meeting, attendees discussed ways to enhance economic and investment cooperation between the two sides. The two parties agreed to prepare an economic and commercial Memorandum of Understanding (MOU) between the UIC and the Ukrainian side, with the aim of strengthening institutional cooperation and providing a suitable framework for the exchange of information and the exploration of investment and commercial opportunities, thereby supporting the engagement of Kuwaiti companies in the opportunities available in Ukraine. It was also agreed, in coordination with the Chamber of Commerce and Industry, to organize a joint virtual Business Forum to acquaint investors with the diverse commercial and investment opportunities in Ukraine and to promote communication between private sector institutions in both countries.
At the request of the Union of Investment Companies (UIC), a meeting was held with representatives of the Kuwait Foundation for the Advancement of Sciences (KFAS) on Sunday, 24th May 2026, at KFAS headquarters, to explore opportunities for enhanced cooperation and coordination between the two organizations and to discuss a number of areas of mutual interest.
Attendees from Kuwait Foundation for the Advancement of Sciences (KFAS):
- Dr. Bassam Alfeeli Chief Executive Officer, Enterprise Development Sector
- Mr. Yousef Al-Abdullah Training Programs Manager
In addition to several representatives from the relevant departments at KFAS.
Attendees from the Union of Investment Companies (UIC):
- Ms. Fadwa A. Darwish Secretary General
- Mr. Mohammed F. Oriba Director of Administrative Affairs & Support Services
- Mr. Abdullah A. Al-Omani Member of the Media & Marketing Committee
At the outset of the meeting, KFAS representatives welcomed the UIC delegation and highlighted the importance of strengthening engagement and collaboration with private sector institutions and stakeholders involved in economic and investment-related matters. The UIC delegation expressed its appreciation for the opportunity to meet and commended KFAS’s role in supporting scientific research, innovation, and the development of national talent, thereby contributing to Kuwait’s knowledge and development ecosystem.
The UIC delegation also provided an overview of UIC’s role in supporting and representing the investment sector, as well as its efforts to contribute to the development of the economic and investment environment through initiatives, policy recommendations, and specialized studies. The delegation further highlighted the activities of the Investment Studies Center (ISC), UIC’s training arm, in the areas of professional development, capacity building, and the organization of specialized training programs and events.
The meeting explored potential avenues for collaboration in several areas of mutual interest, including economic and investment research, specialized training programs, and the organization of knowledge-sharing events and forums. Discussions focused on supporting national talent development and strengthening the link between knowledge generation and practical application within the investment sector.
The two sides also discussed the possibility of collaborating on a study examining the investment sector and its contribution to the national economy, in addition to exploring joint initiatives aimed at promoting financial literacy and raising awareness of economic and investment-related topics.
The meeting concluded with both parties emphasizing the importance of maintaining communication and coordination in the period ahead, with a view to expanding areas of cooperation and leveraging the expertise and capabilities available within both organizations in support of Kuwait’s development and knowledge-based objectives.
As part of its commitment to supporting initiatives with social and developmental impact, the Union of Investment Companies (UIC) joined the supporting organizations of the Arab Inclusive Employment and Entrepreneurship Compact (AIEEC) for Persons with Disabilities on 20th May 2026. The Compact was launched by the UIN Economic and Social Commission for Western Asia (ESCWA) in collaboration with the International Labour Organization (ILO).
UIC was invited to support the Compact in recognition of its role as the representative body of the investment sector in Kuwait and its standing as an active partner in promoting responsible institutional practices and supporting private sector development initiatives. Through a set of practical commitments, the Compact seeks to encourage progressive commitments from private sector institutions across the Arab region to advance the full inclusion of persons with disabilities in the labour market by adopting tangible and responsible policies and measures aligned with relevant international standards and frameworks.
UIC reaffirmed its support for the Compact’s objectives, which include promoting the inclusion of persons with disabilities in the workplace, providing equal opportunities for employment, professional development, and entrepreneurship, and fostering more inclusive and accessible work environments, thereby enhancing their economic and social participation.
As part of its efforts to support this initiative, UIC circulated the Compact to its member companies and encouraged them to review its objectives, explore avenues for support, and adopt policies and practices that promote equal opportunities and workplace inclusion, in line with international best practices and the Sustainable Development Goals.
This initiative reflects UIC’s commitment to strengthening the contribution of the investment sector to social and developmental initiatives and to promoting a culture of inclusion and corporate responsibility, thereby supporting Kuwait’s efforts to build a more sustainable, diverse, and empowering work environment for all members of society.
