Connect with us

Latest News

NBK celebrates graduates of ‘Executive Leadership Development’ program

Published

on

KUWAIT: The National Bank of Kuwait celebrated the graduation of its trainees from the 16th iteration of the Harvard Business School (HBS) “Executives Leadership Development” program as part of “Kafaa” initiative by the Central Bank of Kuwait (CBK) in collaboration with the Kuwait Institute of Banking Studies (IBS). This iteration of the program witnessed a big participation from NBK with 8 different department heads.

The ceremony was attended by representatives from CBK, local banks, participating companies from Kuwait and outside, as well as IBS and the graduates. This year’s Executive Leadership Development program is titled “Strategic Leadership in the Age of Financial Sustainability” aimed at developing executive leaders in the financial and banking sector.

The program focused on highlighting concepts such as anticipating and responding quickly and electively to strategic opportunities and threats in financial markets, as well as better understanding and addressing the challenges faced today by senior financial executives. Running for 6 days, the program explored using new technologies and competing with fin tech disruptors and understanding the risks and appropriate responses to cyber threats, in addition to managing and leading digital innovation and understanding and managing investor concerns around environmental, social, and institutional governance and sustainability.

Moreover, the program shed light on leader development through experiences, delved into disruptive leadership techniques, and highlighted the concept of leading and building a culture of innovation that enables transformation. It should be noted that this program is held annually in alternating GCC countries with the objective of developing executive leadership in GCC banks and financial institutions as per the needs of the banking and financial sectors in the backdrop of a changing business landscape.

The program consisted of interactive lectures, simulations, and real-life case studies from distinguished Fintech experts at Harvard Business School aimed at enabling leaders to explore different visions for execution, gain the tools necessary for successful leadership, focus on the increasing shift towards global environmental sustainability and new technologies, as well as the way of achieving a successful digital transformation. Moreover, the lectures explored the influence of artificial intelligence on teamwork, team leadership, enhancing communication and leadership under stress, and promoting talent diversity.

On this occasion, Emad Al-Ablani Group Chief Human Resources Officer said: “NBK’s participation in this executive development program in collaboration with Harvard Business School comes in line with its endeavors to prepare highly qualified banking professionals in all majors, especially in the digital field, which have become part and parcel of banking transactions using the latest cutting-edge technology and AI channels.” “Our participants in the “Kafaa” initiative reflects our strategy to invest human capital by building qualified national leaders in the banking sector as per the latest and best international standards.”

Al-Ablani added: “We strongly believe that investing in our employees in one of the main strategic pillars of achieving sustainable growth and guaranteeing the bank’s excellence and leadership. This is why we strive to provide the best training and development programs in collaboration with the biggest world institutions, to ensure building a flexible and dynamic workforce that can face future challenges and changing banking landscape.”

Al-Ablani also stated: “Building a flexible and dynamic workforce requires enabling future leaders and equipping them with the best and latest programs, which is why we make sure to participate in these initiatives and programs that achieve the bank’s aspirations on the long run and enhance sustainable efforts in the field of human resources.” The National Bank of Kuwait dedicates all its efforts to develop its human resources and elevate as well as aid its employees’ capabilities with the needed experiences and skills, which further enhances its endeavors to build professionals that promote its long-term visions and enhance its sustainability plans.

Latest News

Kuwait enforces eviction of charities from private housing

Published

on

By

KUWAIT: Kuwait Municipality launched Thursday its first field inspection campaign to evacuate charity associations and foundations operating in private and model residential areas across the six governorates.

Private residential areas are low-density zones reserved for single-family housing, primarily intended for Kuwaiti citizens, where land is distributed through the country’s housing welfare program. In contrast, investment housing areas feature multi-unit buildings — such as apartments, duplex villas, and studios — designed for rental or ownership across all floors.

The campaign comes following a request from the Ministry of Social Affairs to Kuwait Municipality to enforce Ministerial Decision No. (206/2009) — which prohibits the use of buildings in private residential areas for any purpose other than private housing. The ministry began surveying all registered charities — approximately 84 organizations with over 200 branches across the country — earlier this month to take legal action against those located in private residential zones.

Khaled Al-Fadhli, Head of the Emergency Team at Ahmadi Municipality, told Kuwait News Agency (KUNA) that field teams had issued warnings to several charity premises over the past days, ordering them to vacate. On Thursday, the teams inspected five areas — Fahaheel, Fintas, Ali Sabah Al-Salem (Umm Al-Hayman), Sabah Al-Ahmad Residential City, and Al-Sabahiya — issuing 15 evacuation warnings. Al-Fadhli praised the cooperation of some associations that voluntarily removed their violations in Al-Ahmadi Governorate.

Al-Fadhli stressed that the monitoring teams will not tolerate any violations of Kuwait Municipality’s regulations and laws, emphasizing that field campaigns will continue over the coming days across different governorates.

This move is part of a wider regulatory reform of Kuwait’s charitable sector. Last month, the ministry suspended all charitable fundraising nationwide, citing concerns about unauthorized campaigns. Since November 2024, Minister of Social Affairs Dr Amthal Al-Huwailah has dissolved at least 30 charities found inactive after inspections. These measures are designed to eliminate inactive or ineffective organizations and ensure that resources are being used efficiently.

These reforms also align with Kuwait’s efforts to improve financial oversight and comply with international anti-money laundering standards. A Financial Action Task Force (FATF) report released in November 2024 acknowledged Kuwait’s legal framework to combat illicit finance, but pointed to enforcement challenges. Countries that fall short of FATF standards risk being greylisted or blacklisted, which can affect global financial relations. Kuwaiti authorities have since ramped up coordination among ministries to tighten control, particularly over cross-border donations. Officials say these efforts aim to uphold Kuwait’s humanitarian leadership while meeting international best practices. — Agencies

Continue Reading

Latest News

Indian Learners Own Academy visits Kuwait Times, Kuwait News

Published

on

By

KUWAIT: A group of students from Indian Learners Own Academy visited the offices of Kuwait Times and Kuwait News on Monday for an interactive media tour on Thursday. Aimed at sparking curiosity and creativity, the visit gave students a glimpse into the dynamic world of journalism beyond the classroom. Thursday’s visit was the second this week, after another group of students from the academy explored Kuwait Times and Kuwait News on Wednesday.

Jana Alnaqeeb, Kuwait Times’ PR & CSR Manager, led the tour alongside members of the digital and editorial teams. The students explored various departments, including the editorial section, studio, printing press, and archives, gaining firsthand insights into how news stories are created, edited, and published. They also learned about the importance of credible reporting and how social media content is crafted to engage younger audiences.

Adding a playful twist to the visit, the team organized a game of hide and seek for the students, who dashed through the newsroom and turned the space into a lively, energetic environment.

The visit was part of the school’s initiative to blend education with real-world exposure and Kuwait Times’ ongoing mission to connect with and inspire future generations.

Continue Reading

Latest News

AUK students unite for Gaza with ‘Play it Forward’ awareness event

Published

on

By

KUWAIT: The Finance Club at the American University of Kuwait (AUK) organized an awareness event titled “Play it Forward” on Wednesday, in collaboration with the Office of Student Life and 12 student organizations, to shed light on the ongoing humanitarian crisis in Gaza. Speaking to Kuwait Times, Shoroq Bukhamsin, President of the Finance Club, said the event’s primary aim was to amplify awareness. “We wanted people to remember the cause, to remember the people. It’s still relevant and it will never stop being relevant,” she said.

A key feature of the event was an emotional art exhibition titled “Gaza Habibti” by Untold Palestine, which displayed photographs of Gaza’s people before and after the war. “The gallery traces the emotional journey — beginning with life before the war, then documenting the devastation and personal stories from the current conflict,” Bukhamsin explained. “It reminds us they are not just numbers. They are souls, families, daughters and sons.”

The exhibition also included large-scale installations by regional artists, including a moving piece known as the Martyr’s Wall, which displayed photos of 1,300 Palestinians who lost their lives. “This is not even a fraction; the current death toll exceeds 50,000,” Bukhamsin noted. She extended heartfelt thanks to AUK, faculty advisors, club executives, supporting businesses, and Kuwait Times for their support and coverage.

Jumanah Al-Bloushi, Vice President of the Finance Club, said the event also featured an open market and game zone. Local businesses and food vendors participated, pledging 25 percent of their proceeds to humanitarian causes related to Palestine. Attendees were encouraged to donate through interactive games.

A performance show by ArtScene and Argan Bedaya capped the event, featuring music, poetry and storytelling in tribute to Palestinian identity and resilience. Al-Bloushi praised the collective spirit: “It’s so beautiful to see so many different organizations come together just to make this happen today.” She added, “This event is a reminder that even after a year, the Palestinian cause is still relevant and we will not let it be forgotten.”

Mishari Al-Ibrahim, a member of the Boycott, Divestment and Sanctions (BDS) movement in Kuwait, also participated in the exhibition. He emphasized the boycott as a powerful form of resistance: “Here in Kuwait, we’re pioneers and active in this field,” he said. “These events allow us to explain the different forms of boycott — commercial, academic and sports — as tools to counter normalization and raise awareness.”

He encouraged individuals to engage by staying informed and making conscious choices. “At the very least, refrain from buying targeted products and raise awareness among your family and peers,” he said. “When you have the right information, you become a source of knowledge. That’s how you become an active member of the global boycott movement and part of the change.”

Continue Reading

Trending

Copyright © 2025 SKUWAIT.COM .