Kuwait, 18 June 2024: Kuwait International Bank (KIB) recently sponsored and took part in the International Arab Banking Summit “Istanbul 2024”, which was organized by the Union of Arab Banks (UAB) in collaboration with the Central Bank of Turkey and the Banks Association of Turkey. Held under the auspices of the President of Turkey, H.E. Mr. Recep Tayyip Erdoğan, the event gathered key stakeholders from governments and the banking and financial world to explore avenues for bolstering cooperation and unlocking the full potential of the Arab-Turkish economic relations.   

Ma’ab Mohammed Al Qassem, General Manager of the International Banking and Financial Institutions Department at KIB, said: “We are delighted to have sponsored and participated in the International Arab Banking Summit in Istanbul, which offered a golden opportunity for participating entities to explore increased cooperation between the Turkish and Arab banking institutions, in light of the strong investment and trade relations between both sides.”

She added: “The Bank’s sponsorship and participation in the summit stem from its commitment to supporting important events that gather economic, banking and financial decision-makers as well as foster the exchange of experiences and knowledge between countries in the region and beyond.”  

Over the span of two days, the summit featured several keynote speakers and held panels on diverse topics, including “Arab-Turkish strategic economic cooperation in light of global geopolitical tensions”; “Climate risks and food security”; Global economic growth and monetary conditions”; and “Financial technology and digital banking”.

It is worth mentioning that KIB strives to contribute to enhancing the pace of economic development in Kuwait and the Arab world. To this end, the Bank continues to participate in economic forums and sponsor vital events, especially those organized by the Union of Arab Banks, all year long.