NBK Reinforces Commitment to Environmental Sustainability by Sponsoring KDT | Kanebridge News
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NBK Reinforces Commitment to Environmental Sustainability by Sponsoring KDT

National Bank of Kuwait (NBK) reinforcing its leading role in addressing environmental issues

Thu, Jun 20, 2024 2:42pmGrey Clock 2 min

Demonstrating its unwavering dedication to supporting sustainability and environmental conservation initiatives, NBK continues to back Kuwait Dive Team’s efforts to protect and rehabilitate the marine environment, including islands and coral reefs, and to remove harmful waste to preserve marine biodiversity.

As part of these ongoing efforts, KDT recently lifted a sunken boat from the waters of Fahaheel. Such boats pose a threat to the marine ecosystem and organisms due to their fuel and oil content, in addition to obstructing maritime navigation.

On this occasion, Talal Al-Turki, Executive Manager, head of Public Relations & Event Management at National Bank of Kuwait said, “We, at NBK, always seek to leverage our role as one of the leading corporations in social responsibility by introducing a variety of initiatives and programs across different fields, especially the environment.”

“All awareness campaigns promoted on the social media pages of the bank and KDT aim to increase awareness of the importance of the environment and environmental preservation. Additionally, these campaigns highlight KDT’s valuable contributions in the protection and restoration of the marine ecosystem, as well as encourage volunteering in serving the marine environment by preparing national cadres specialized in marine operations and maintenance of mooring buoys around coral reefs,” he mentioned.

“Our partnership with KDT aligns with our strategy to adopt environmental governance best practices, through a set of initiatives launched by the bank to promote sustainability, deepen environmental culture, and create awareness and interest in maintaining a clean, pollution-free environment,” he emphasized.

Talal Al-Turki, Executive Manager, head of Public Relations & Event Management at National Bank of Kuwait

Since the beginning of this year, Kuwait Dive Team lifted 56 tons of marine debris in 33 operations, with the participation of 800 volunteers. They also removed 28 tons of harmful waste in 18 operations on the coasts, ports and islands, in cooperation with government agencies, 7 tons of abandoned fishing gear, and recovered 3 boats and a marine vessel of 21 tons. On the other hand, the team organized many awareness sessions and workshops with 300 participants to raise awareness on the importance of marine ecosystems and how to protect them.

It is worth mentioning that NBK regards environmental and climate issues as key priorities and therefore organizes awareness campaigns on its social media platforms to increase awareness on the importance of the environment and environmental conservation. Furthermore, the bank’s sponsorship of Kuwait Dive Team has significantly contributed to protecting and restoring the marine ecosystem in Kuwait through many activities, including protecting coral reefs, cleaning beaches, establishing fish colonies, and lifting sunken ships and boats.

 



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Qatar Experiences the Fastest Non-Energy Business Growth in Nearly Two Years

Employment grew for the 16th consecutive month as companies expanded.

Fri, Jul 5, 2024 2 min

According to a recent PMI report, Qatar experienced its fastest non-energy sector growth in almost two years in June, driven by surges in both existing and new business activities.

The Purchasing Managers’ Index (PMI) headline figure for Qatar reached 55.9 in June, up from 53.6 in May, with anything above 50.0 indicating growth in business activity. Employment also grew for the 16th month in a row, and the country’s 12-month outlook remained robust.

The inflationary pressures were muted, with input prices rising only slightly since May, while prices charged for goods and services fell, according to the Qatar Financial Centre (QFC) report.

This headline figure marked the strongest improvement in business conditions in the non-energy private sector since July 2022 and was above the long-term trend.

The report noted that new incoming work expanded at the fastest rate in 13 months, with significant growth in manufacturing and construction and sharp growth in other sectors. Despite the rising demand for goods and services, companies managed to further reduce the volume of outstanding work in June.

Companies attributed positive forecasts to new branch openings, acquiring new customers, and marketing campaigns. Prices for goods and services fell for the sixth time in the past eight months as firms offered discounts to boost competitiveness and attract new customers.

Qatari financial services companies also recorded further strengthening in growth, with the Financial Services Business Activity and New Business Indexes reaching 13- and nine-month highs of 61.1 and 59.2, respectively. These levels were above the long-term trend since 2017.

Yousuf Mohamed Al-Jaida, QFC CEO, said the June PMI index was higher than in all pre-pandemic months except for October 2017, which was 56.3. “Growth has now accelerated five times in the first half of 2024 as the non-energy economy has rebounded from a moderation in the second half of 2023,” he said.

 

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