Search KuwaitPR.com

Home >> Business and Economy

KIB signs agreement with Kuwait College of Science & Technology to foster innovation and talent development

KIB signs agreement with Kuwait College of Science & Technology to foster innovation and talent development

Saturday, October 5, 2024/ Editor -  

Share

Home >> Business and Economy

Kuwait, 5 October 2024:  Kuwait International Bank (KIB) announced the signing of a Memorandum of Understanding (MoU) with Kuwait College of Science & Technology (KCST) for collaboration on its Innovation Program. The partnership will establish a robust framework for innovation incubation and acceleration, providing valuable development opportunities for students. The new agreement underscores the Bank's commitment to its comprehensive social responsibility strategy, offering dedicated support to educational institutions and strengthening the education sector's contribution to sustainable social and economic growth in Kuwait.

KIB will spearhead the organization and management of the innovation program, supported by the expertise of a globally renowned innovation consultant. The agreement is set to allow KCST students to engage in projects that foster innovative ideas and solutions. The students will gain invaluable experience through internships and cooperative education programs at KIB, allowing them to apply their academic knowledge in a real-world banking environment. Moreover, KIB will consider top students and graduates for future employment opportunities, based on their performance during their internships and co-op programs, thus further demonstrating the Bank’s commitment to nurturing local talent.

Commenting on the new partnership, Mohamed Atef El-Shareef, General Manager of the Digital Innovation and Data Intelligence Department at KIB, said: 'We are proud to partner with Kuwait College of Science & Technology in this innovative endeavor, providing a unique opportunity for its students to engage with the banking industry and develop skills critical to their future success. By combining KIB's commitment to innovation with the talent and creativity of KCST students, we aim to drive growth in both the banking sector and the innovation ecosystem in Kuwait. We are excited to see the positive impact this partnership will have on both students and the broader community.”

El-Shareef added: “This agreement reaffirms our dedication to advancing the Human Intelligence Innovation Program ‘H.I’, launched by the Bank in 2023 as a cornerstone for fostering future innovation in Kuwait. Collaborations such as this one set the stage for greater cooperation with higher education institutions, creating more opportunities for local talents to shine, and having a positive impact on the country’s development.” 

From his side, Professor Khalid Al-Begain, President of Kuwait College of Science and Technology said: “We are delighted to sign this MoU and partner with Kuwait International Bank (KIB), one of the leading banking institutions in Kuwait. The partnership will definitely serve the common goal of both parties in developing a technologically skilled workforce that are well-equipped with the knowledge and experience in the latest developments in cybersecurity, artificial intelligence and data science.”

He added: “KCST was established with a focus on cutting-edge technology programs. This allowed it to provide in-depth education that is complemented with strong hands-on training in its state-of-the-art labs and facilities.”

It serves to note that this MoU highlights KIB’s dedication to supporting educational initiatives, fostering young talent, and driving innovation across Kuwait’s banking and technology sectors. The Bank remains committed to enhancing the country's development by creating new, long-term strategic agreements and partnerships with institutions like KCST, which share its vision for a bright future.


Previous in Business and Economy

Next in Business and Economy


Home >> Business and Economy Section

Latest Press Release

Ooredoo Kuwait Champions Youth Creativity and Innovation as Key Sponsor of the ' ...

City Hypermarket Inaugurates Its Latest Branch in Ahmadi

As part of its ongoing support for the "Let's Be Aware" campaign and i ...

KIB expands its services by launching its new investment arm “KIB Invest”

Ooredoo Kuwait Paves the Way for Workplace Happiness and Employee Well-being

Porsche Centre Kuwait launches the new all-electric Macan: redefining luxury & p ...

talabat the official food delivery partner of Gulf cup 2024

Burgan Bank Announces the Names of the Monthly Draw Winners of Kanz Account

EDGE Secures Strategic Contract to Enhance Kuwait's Marine Assets

Burgan Bank Concludes Sponsorship of the 5th Gulf Cyber Security Conference and ...

KIB announces winners of Al Dirwaza account's monthly and weekly draw

KIB launches H.I Innovation Program in collaboration with Visa and 5 universitie ...

IATA and ASA Strengthen Cooperation

Ooredoo Kuwait Offers Multiple Options for Digital Connectivity and Unlimited In ...

KIB signs MoU with GUST to foster student engagement in banking innovation

KIB Celebrates Graduates of the Waed Talent Program 2023/2024

SITA and AACO advance on collaboration to tackle aviation's toughest sustainabil ...

Burgan Bank Sponsors and Participates in the 2024 Australian University Career F ...

KIB Group's net profits during the nine months of 2024 reach KD 16 million

New Palace of Justice Honoured as ‘National Winner' at the 2024 MEED Projects Aw ...