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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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Kuwait participates in UNCITRAL session

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VIENNA: The 82nd session of Working Group II (Dispute Settlement) of the United Nations Commission on International Trade Law (UNCITRAL) commenced on Monday in Vienna, with the participation of a Kuwaiti delegation. A statement by the UN Information Service said the discussions, which will continue until October 17, focus on recognizing and enforcing electronic arbitration awards amid the accelerating shift towards digital dispute resolution in international commerce.

The working group will examine key issues, including enhancing reliance on electronically issued arbitration awards by reviewing the experiences of countries and organizations, and identifying associated legal and technical challenges. The discussions will also address the preparation of an interpretative recommendation on the 1958 New York Convention, clarifying that electronic form does not impede the recognition or enforcement of awards, and equating electronic awards with their paper counterparts where reliability and integrity are guaranteed.

Topics under consideration include proposed amendments to the Model Law on International Commercial Arbitration to define electronic arbitration awards and electronic data messages, establish rules for arbitrators’ electronic signatures, and set timeframes for receiving electronic communications, while reinforcing the principle of functional equivalence between paper and electronic formats. The group will also review amendments to the UNCITRAL Arbitration Rules to permit electronic issuance and delivery of awards, and update the UNCITRAL Notes on the Organization of Arbitration Procedures to encourage arbitration institutions to adopt digital systems, taking into account enforcement requirements across jurisdictions.

The session aims to create a unified, modern international legal framework ensuring electronic arbitration awards carry the same legal and enforceable force as paper awards, thereby boosting confidence in digital arbitration mechanisms and supporting the electronic transformation of cross-border commercial dispute resolution. The Kuwaiti delegation includes representatives from the Fatwa and Legislation Department, lawyer Mohammed Al-Khuwaitim, and lawyer Farah Al-Rais. — KUNA

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Kuwait underscores the need for stronger Arab cooperation in statistics

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MUSCAT: Acting Director General of the Central Statistical Administration (CSA) Wafaa Al-Yahya on Monday emphasized the importance of enhancing Arab cooperation and building national capabilities in the statistical sector. Speaking to Kuwait News Agency (KUNA) on the sidelines of the 50th meeting of the Board of Trustees of the Arab Institute for Training and Statistical Research (AITRS), hosted by the National Center for Statistics and Information (NCSI) in Muscat, Al-Yahya said Kuwait took part in the gathering alongside representatives from Arab statistical bodies and relevant organizations.

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She highlighted the institute’s key role in developing expertise and advancing statistical competencies through its training programs, research publications and bulletins. Al-Yahya noted that the trustees reviewed several items on the agenda, including approval of the meeting agenda, the external auditor’s report on the previous budget, the institute’s annual achievements and its plan for 2026-2027. Discussions also covered the proposed 2026 budget, findings from the 2020-2030 strategic evaluation study, and prominent statistical initiatives and activities across Arab countries. She added that the minutes were approved and thanked the Sultanate of Oman for its warm hospitality. — KUNA

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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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