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NBK celebrates graduation of bank’s Tech Academy Wave 2

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KUWAIT: National Bank of Kuwait celebrated the graduation of NBK Tech Academy Wave 2, which is the first of its kind in Kuwait that aims to upskill and qualify national young talents in the banking sector by equipping them with the necessary skills in digital technology and data analysis. The graduation ceremony was attended by Shaikha Al-Bahar, Deputy Group CEO at NBK, Mohammed Al-Othman, CEO of the Consumer and Digital Banking Group at NBK, Emad Al-Ablani, Group Chief Human Resources Officer at NBK, and Mark Diamond, Chief Technology and Transformation Officer at NBK.

The intensive training program of the academy extended for seven months, with 10 trainees following advanced curricula covering the latest developments in banking technology. The curricula included essential technical skills such as financial technology (FinTech), data analysis, technology ethics, cybersecurity, fundamentals of digital payments, digital innovation, AI, programming, blogging basics, and finance for non-specialists.

The program went beyond technical aspects and covered personal and leadership skills, including teamwork, team building, business planning and analysis, result achievement, writing skills, focusing on customers and meeting their expectations, presentation skills, productivity in the workplace, work ethics and values, continued research and learning, project management and change, and enhancing customer experiences. During the program, the trainees were divided into teams though which they collaborated with experts from the bank to produce innovative ideas and solutions. Towards the end of the program a winning team was selected in appreciation of their efforts and creativity.

On this occasion, Najla Al-Sager, SVP – Head of Talent Management & Learning at NBK said: “We are proud to graduate the second wave of NBK Tech Academy, which embodies our commitment to enhancing digital talents and increasing technology-field experiences. This academy plays a pivotal role in developing digital competencies, as it contributed to qualifying the recent graduates and equipping them with the necessary technical and professional skills, further providing for them opportunities to work at the bank’s digital and data departments.”

Al-Sager added: “The success of this wave reflects the program’s efficiency in preparing a generation of digital leaders. The program has been designed to encompass inclusiveness and innovation and provide exceptional opportunities for the trainees to delve into a wide range of recent tech-related developments through orientation and role alternation, which contributes to aiding them with strategic visions about working at the bank and qualifying them to operate in real workplaces with remarkable efficiency.”

She further commented: “We will continue to develop young professionals by equipping them with the necessary skills to cope with the accelerating digital developments to prepare a highly efficient generation of banker from different backgrounds and fields. This consequently will ensure a continued flow of distinguished competencies that contribute to the growth of digital transformation.”

Al-Sager emphasized that the NBK Tech Academy reflects the bank’s insightful vision and keen interest in the accelerating requirements of the digital age, and its awareness of the importance of developing and nurturing highly skilled talents in vital fields such as information systems and security, data science and computer science.

Al-Sager also pointed out that not only is NBK investing in enhancing its future capabilities, but it’s also contributing to shaping the future of banking services in Kuwait. NBK is striving to maintain its leadership among private sector institutions that consistently attracts, upskills, and qualifies national talents for the banking sector. Moreover, NBK has the highest employee retention rates and it’s the workplace of choice for Kuwaiti talents and competencies, in addition to being the largest national employer among private sector institutions in Kuwait.

It’s worth noting that NBK Tech Academy is an integral part of the broader NBK Academy, which was established in 2008 lasting for over 15 years. To date, the academy has graduated 29 waves, many of whom have become key members of the bank’s workforce, with the academy having paved the way for them to join the banking sector.

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Today in Kuwait’s history | Kuwait Times Newspaper

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KUWAIT: 1956 — Moudhi Al-Sarhan became the first Kuwaiti female to join the Ministry of Interior’s correctional institute.

1981 — Kuwait’s Amir Sheikh Jaber Al-Ahmad Al-Sabah signed a decree to establish the Faculty of Sharia and Islamic Studies at Kuwait University, as well as changing the name of the Faculty of Law and Sharia to the Faculty of Law.

1990 — Kuwait’s Amir Sheikh Jaber Al-Ahmad Al-Sabah patronized a popular conference in the Saudi city of Jeddah. Participants in the three-day national event reiterated their commitment to the legitimate Kuwaiti leadership in the face of Iraqi aggression against the State of Kuwait.

1990 — Kuwait News Agency (KUNA), which was occupied and looted by Iraqi invaders of the State of Kuwait, began broadcasting from an interim headquarters in London, UK, to provide subscribers with news about occupied Kuwait.

1999 — Kuwait won the Gulf Junior Squash Championship, held in Riyadh, Saudi Arabia.

2010 — Kuwait Fund for Arab Economic Development (KFAED) signed a KD 11 million loan agreement with Mauritania to finance construction of a Nouakchott University campus.

2017 — The KFAED signed a KD 12 million loan agreement with Senegal to reconstruct a major highway.

2018 — Sheikh Abdullah Al-Salem Cultural Center won the Best Services Architecture Building award in the Middle East and North Africa. — KUNA

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Nod to conditional foreign ownership of property in Kuwait

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KUWAIT: An Amiri decree published in the official gazette Kuwait Al-Youm on Sunday has allowed listed companies in which non-Kuwaitis have shares to own property in the country, excluding private residences. Under a Kuwaiti law issued in 1979, such companies were barred from owning property in the country and only Arab individuals can own a house or land through an Amiri decree.

Foreigners who inherit property from their Kuwaiti mothers must sell it within one year, according to the old legislation. Foreign embassies can own a maximum of 4,000 square meters to build their own premises based on mutual treatment. Most Gulf countries currently allow foreigners to own houses directly and some states even offer long-term residence permits to big buyers.

The new decree, however, made an amendment to the 1979 law, allowing listed shareholding companies, real estate funds and investment portfolios with non-Kuwaiti ownership to buy real estate. Such companies must be listed on bourses in Kuwait and one of their purposes is trading in property, the new decree states. Such companies are, however, not allowed to purchase land used for private housing. Nationals of the Gulf Cooperation Council (GCC) member states are treated like Kuwaitis in owning property in Kuwait, the decree states.

Meanwhile, Kuwait Anti-Corruption Authority (Nazaha) announced on Sunday that it has referred a senior government bureaucrat and an unspecified number of other persons to the public prosecution on suspicion of graft and filing incorrect financial statements about their wealth. Nazaha has recently referred dozens of leading government bureaucrats to the public prosecution over suspected violations regarding mandatory financial statements about their private wealth.

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Graduation ceremony marks the completion of ‘Tamooh’ program

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KUWAIT: Under the patronage and attendance of His Highness the Prime Minister Sheikh Ahmad Al-Abdullah Al-Ahmad Al-Sabah, a graduation ceremony was held on Monday for the 10th and 11th batches of the “Tamooh” (Ambition) program for the Ministry of Foreign Affairs’ new recruits for the academic year 2024-2025 at the Saud Al-Nasser Al-Sabah Diplomatic Institute.

The ceremony was attended by Head of the Prime Minister’s Diwan Abdulaziz Dakhil Al-Dakhil, Minister of Foreign Affairs and Chairman of the Board of Directors of the Diplomatic Institute Abdullah Ali Al-Yahya, Director General of the Kuwait Direct Investment Promotion Authority Sheikh Dr Meshal Jaber Al-Ahmad Al-Sabah, along with senior officials and dignitaries. In a press statement, His Highness the Prime Minister congratulated the graduates on their achievement, noting that it reflects their competence and readiness to serve Kuwait in the diplomatic arena.

He expressed confidence in their ability to follow in the footsteps of their predecessors, representing the country’s values and principles with dedication.  His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah was also praised for supporting the Ministry of Foreign Affairs and its cadres in their continued mission to strengthen Kuwait’s relations abroad, serving the nation’s supreme interests and consolidating its position regionally and internationally.

Assistant Foreign Minister for the Saud Al-Nasser Al-Sabah Diplomatic Institute, Ambassador Nasser Subaih Al-Subaih, delivered a speech emphasizing the state’s commitment to preparing a new generation of diplomats equipped with knowledge, competence, initiative, and responsibility.

He prayed for the graduates’ success in serving the country under the leadership of His Highness the Amir and  His Highness the Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah. Diplomatic Attaché Mohammed Nabil Al-Shraideh spoke on behalf of the graduates, stating that their graduation marks the beginning of their mission to serve Kuwait and pledging their full dedication and capabilities to advancing the nation’s interests. The ceremony concluded with His Highness the Prime Minister honoring the 10th and 11th batches of the “Tamooh” program at the Saud Al-Nasser Al-Sabah Diplomatic Institute. — KUNA

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