11 Nov

GUST organizes 1st Economics & Finance Day

Second speaker was H.E. Mr. Anas Al-Saleh, Minister of Finance, who stressed on the plans and strategies put in place to develop the country’s economy, and a big part of it includes the youth. There are institutions put into place to help the youth develop their ideas and realize their business ambitions and in turn, develop the country’s economy. “Dear students, Kuwait is looking to you to utilize your education and experience and talents to grow and develop its economy. We will be there to guide and help you, but at the end, it’s all up to you. We wish you the best of luck in your education and beyond.”

Dr. Mohammad Zuhair took the podium next, National SME Fund Chairman, who spoke candidly about the fund, its purpose and its goals. The main objective of the fund is to create proper jobs for the youth through self-employment. “It’s important to capitalize on your time now when you are young and in university, you have the ability to think outside the box and even once you graduate you will be ready and able to take risks and grow. The fund is here to support entrepreneurs. Think of majors that will give you a solid background and skills to start your business in the future.”

Eng. Fahad Al-Mukhaizeem, General Manger of Strategy and Corporate Affairs at the Kuwait Finance House, spoke next. “On behalf of KFH, I am honored to be here today. We have a long standing partnership with GUST since its inception as the first private university in Kuwait back in 2002 which is still continuing to grow with time. We are very happy to see that growth and how its opening new doors while adding value and knowledge to our society.” Al-Mukhaizeem discussed recent developments at the bank and the growth of the Islamic Banking industry as a whole and encouraged students to join the movement and namely, in the private sector where they can be challenged and utilize “their tools and weapons of a good education.”

Dr. Mohammad Elian, Acting Dean of the College of Business Administration, spoke about the fundamental changes in society and how to reflect those in our curricula. While Professor Frederick Wallace discussed how economics transformed the world and how the Kuwait economy is being transformed.

Dr. Sulaiman Al-Abduljader spoke next starting with a presentation on the Gulf Financial Center, showcasing the documentary “Al-Manakh,” and then discussing the road map for future financial leaders. The last speaker was Yousif Abdelbassit, one of GUST finance alumni and Descatter founder. Mr. Abdelbassit spoke about how to unfreeze sleeping resources, connect people, increase their income and create a brighter future. The successful event was organized by the Economics & Finance Department at GUST led by Dr. Fida Karam, Dr. Sulaiman Al-Abduljader, Dr. Salah Nusair, and Dr. Khaled ElMawazini. In this context, the department would like to thank the Students Association for their help and support.