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NBK celebrates graduation of second cohort of ‘NBK RISE’

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Bank’s executive management, CEOs, companies’ representatives attend the event

KUWAIT: National Bank of Kuwait (NBK) celebrated the graduation of the second cohort of NBK RISE, the first-of-its-kind initiative dedicated to advancing women leaders by equipping them with the skills, opportunities, and support needed to realize their full potential and ascend to the highest leadership positions. The graduation ceremony held at the bank’s headquarters was attended by the bank’s executive management, along with CEOs and representatives from leading companies and banks, including Kuwait Banking Association, Kuwait Petroleum Corporation, Abyat, Gulf Bank, and Kuwait Financial Centre Company (Markaz).

The ceremony was also attended by representatives from the participating universities, including IE Business School, and featured inspiring speeches, success stories, and tributes to the commitment and achievements of the participants throughout the program. The event welcomed 25 trainees from diverse professional backgrounds, including NBK Kuwait, NBK’s international branches, and NBK Wealth, alongside participants from partner organizations including Kuwait Petroleum Corporation, Ooredoo, Kuwait Banking Association, Abyat, Gulf Bank, Kuwait Financial Centre Company (Markaz), J’s Bakery, and Intervest Capital Partners, New York.

The second edition of the program spanned nine months and featured a comprehensive range of activities and integrated training courses aimed at developing core competencies, building confidence, fostering networking, and enhancing the skills required to navigate a dynamic work environment. The curriculum also focused on implementing strategic initiatives, leading transformation and change, practicing inclusive leadership, and making effective decisions. The program further offered mentorship and coaching from accomplished industry leaders, complemented by collaborative projects that translated ideas and proposals into tangible outcomes.

Launched in 2022 by Shaikha Al-Bahar, Deputy Group CEO at NBK, the program represents a strategic effort to empower women to realize their full potential, reflecting the Bank’s commitment to diversity and inclusion as essential drivers of sustainable success for organizations. In a short period, the program has significantly advanced women’s leadership by engaging, inspiring, and empowering women across diverse sectors and disciplines. It has also aimed to foster a community of women leaders, ensuring the sustained growth and long-term impact of the initiative.

NBK is dedicated to fostering a culture of women’s empowerment across the Group and enhancing their representation in leadership positions by offering tailored guidance and career development opportunities. The Bank collaborates with leading universities and training centers worldwide to deliver specialized programs and workshops that equip women leaders with the skills, tools, and techniques necessary for effective leadership.

NBK RISE serves as an exceptional platform for aspiring women to unlock their potential and achieve their career aspirations. Building on the remarkable success of its first edition, the program reflects NBK’s ongoing commitment to empowering women in the workplace and advancing their careers, grounded in the Bank’s belief that diversity and inclusion are essential drivers of sustainable organizational success. NBK remains committed to promoting equal opportunities and advancing diversity, equity, and inclusion (DE&I) in the workplace through its strategic initiatives and specialized programs aimed at supporting and developing women leaders.

These efforts have contributed to a notable increase in the number of women holding leadership and supervisory positions across the Bank. Enhancing the representation of women leaders and providing them with opportunities to contribute to critical organizational decision-making is a key strategic priority for global organizations. As women increasingly engage in social and community issues, their participation helps foster environments that drive sustainable development and generate lasting positive impact on society.

NBK RISE offers an inspiring experience that extends beyond the Bank’s individual efforts, engaging a number of leading institutions in Kuwait that have signed a pledge to increase the representation of women in leadership positions, reaffirming their collective commitment to advancing the objectives of this initiative. The program has garnered several prestigious international accolades, including MERIT’s Special Recognition for ‘Developing Women Leaders’, the Silver Excellence in Diversity and Inclusion Award from the prestigious Society for Human Resource Management (SHRM) at its MENA Annual Awards, and a distinguished award from Euromoney.

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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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