MISHREF, Kuwait – (Tuesday Dec. 1st, 2015). The Gulf University for Science and Technology (GUST) – College of Business Administration – Economics and Finance Department launched the Gulf Financial Center (GFC) during the Second Annual Economics and Finance Day.
The Gulf Financial Center is a an initiative developed and supported by the Amiri Diwan, Gulf University for Science and Technology and a group of leading companies from the private sector.
The event was held in the presence of Dr. Yousef Al-Ebraheem, Advisor to the Amiri Diwan, Mr. Adel AlMajed Vice Chairman and CEO of Boubyan Bank and Mr. Faisal AlBader, Chairman of Kuwait Economic Society.
Highlighting the great importance of educational institutions as an engine of economic growth and development, Professor Donald Bates, GUST’s President said “We continually find new ways to enhance the GUST experience by organizing events that bring together great minds and present unique viewpoints to the benefit of our community”.
Dr. Sulaiman Al-Abduljader, (GFC Director) introduced the Gulf Financial Center as the first academic applied financial center in the Middle East. He stressed on the fact that it is our responsibility throughout this center to empower the young generation and enhance their knowledge and experience in financial literacy and igniting their entrepreneurial spirits and SME development to strengthen their contribution to the country’s transformation vision of becoming the region’s financial center by 2035.
He also highlighted the series of identified and carefully designed impact-driven programs that target academic curriculums, student active participation, community outreach and intellectual and social contributions. As well, the center’s functions that involves Mentorship, Research/Publications, Trading Simulations, Active and Action-based Learning and Funding Ventures and Projects.
From that podium Dr. Bates, Dr. Al-Abduljader, Dr. Al-Ebraheem, Mr. Al-Majed and Mr. Al-Bader walked to a stage that was created by the concept of the stock exchange ring bell and rang the bell of the GFC opening. Later, they were toured through the venue and introduced to the setup of high tech resources the center is equipped with in order to achieve the center’s objectives.
The Economics and Finance Day is an annual activity established to help increase awareness among the GUST community about the importance of economics and finance in understanding the interdependent global economy of the twenty-first century.
GUST continues to build on its mission to become a knowledge-hub that benefits and engages students, academics, and the wider Kuwait community as a whole.