Worba and the Economic Association Sign Memorandum of Understanding
Worqa Bank and the Kuwait Economic Association have signed a memorandum of understanding aimed at establishing a strategic partnership that contributes to supporting economic development and enhancing financial and economic culture. This collaboration will be realized through joint programs and initiatives that combine banking expertise with academic and research perspectives, serving Kuwaiti society and aligning with sustainable development goals.
This agreement reflects Worqa Bank’s commitment to expanding its partnerships with civil society organizations and specialized entities, thereby strengthening its role in corporate social responsibility and supporting distinctive initiatives that elevate economic awareness and bolster national competencies.
Under the terms of the memorandum, Worqa Bank will provide one-year sponsorship for the Kuwait Economic Association’s activities, which include seminars, conferences, training courses, research, and economic reports. The bank will also support specialized initiatives and projects related to economic awareness, contributing to enhanced economic dialogue and the exchange of expertise across various sectors.
The agreement also includes cooperation in the periodic issuance of economic studies and reports, providing scientific analyses that highlight key economic developments and support decision-makers, researchers, and those interested in economic affairs.
Furthermore, the pact stipulates collaboration in organizing training programs and workshops, and granting Worqa Bank employees the opportunity to participate in scientific and economic activities organized by the Association, thereby enhancing professional development and raising awareness of the latest economic and investment trends.
Cooperation will also extend to utilizing the facilities of the Kuwait Economic Association to organize events, meetings, and training programs, ensuring the continuity of joint initiatives and broadening their impact.
Commenting on the occasion, Hamad Al-Sayer, Chairman of the Board at Worqa Bank, stated: “This partnership reflects Worqa Bank’s conviction that investing in knowledge and scientific research is fundamental to achieving sustainable development. We believe that enhancing economic and financial culture is a shared responsibility between the banking sector and civil society organizations. Therefore, we are committed to supporting initiatives that deliver high-quality knowledge content, helping to prepare national cadres capable of keeping pace with economic changes.”
Al-Sayer added: “We look forward to this agreement serving as a platform for continuous cooperation with the Kuwait Economic Association, creating added value for society and fostering innovation in disseminating economic knowledge through programs, seminars, research, and digital content.”
For his part, Abdulaziz Al-Humaidhi, President of the Kuwait Economic Association, said: “We are proud to conclude this partnership with Worqa Bank, a model of national institutions supporting community and developmental initiatives. This agreement will expand the scope of programs offered by the Association, enhance the quality of economic studies and research, and launch new initiatives targeting various segments of society.”
Al-Humaidhi further noted: “Through this collaboration, we aim to build an integrated system that combines academic and practical expertise, positively impacting the dissemination of economic culture, supporting constructive dialogue on economic issues, and developing initiatives that serve the national economy.”
This agreement embodies the commitment of both parties to strengthen cooperation between the banking sector and civil society organizations by launching distinctive initiatives that raise economic awareness, support scientific research, and prepare national competencies, in line with Kuwait’s developmental vision and enhancing its status as a leading economic and financial hub in the region.
