Warba and the Economic Association collaborate to support development and enhance financial literacy
Worra 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 literacy. This will be achieved through implementing joint programs and initiatives that combine banking expertise with academic and research perspectives, thereby serving the Kuwaiti society and aligning with sustainable development goals.
The memorandum comes within the framework of the bank’s commitment to expanding its partnerships with civil society institutions and specialized entities, thereby strengthening its role in corporate social responsibility and supporting distinctive initiatives that elevate economic awareness and bolster national capabilities.
The agreement also includes cooperation in issuing periodic economic studies and reports, providing scientific analyses that highlight key economic developments and support decision-makers, researchers, and those interested in economic affairs.
Furthermore, it stipulates collaboration in organizing training programs and workshops, and providing opportunities for Worra Bank employees 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.
The cooperation also involves utilizing the facilities of the Kuwait Economic Association to organize events, meetings, and training programs, supporting the continuity of joint initiatives and broadening their scope of impact.
Commenting on the occasion, Hamad Muaid Al-Sayer, Chairman of the Board at Worra Bank, stated: “This partnership reflects the bank’s conviction that investing in knowledge and scientific research are fundamental pillars for achieving sustainable development. We believe that enhancing economic and financial literacy is a shared responsibility between the banking sector and civil society institutions. Therefore, we are committed to supporting initiatives that provide high-quality knowledge content, contributing to preparing national cadres capable of keeping pace with economic changes.”
For his part, Abdulaziz Al-Humaidi, President of the Association, said: “We are proud to enter into a partnership with Worra Bank, which serves as a model for 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-Humaidi added: “Through this cooperation, 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.”
The agreement embodies the commitment of both parties to strengthen collaboration between the banking sector and civil society institutions by launching distinctive initiatives that contribute to raising economic awareness, supporting scientific research, and qualifying national capabilities, in line with Kuwait’s developmental vision and enhancing its status as a leading economic and financial hub in the region.
