28 Mar

GUST and GFC Partner with George Washington on Academic Research to Improve Local SME Landscape

GUST CBA Dean, Prof. Antonis Simintiras; Dr. Sulaiman AlAbduljader, GFC Founding Director; and Mr. Nawaf AlAbduljader, GW PhD Researcher
GUST CBA Dean, Prof. Antonis Simintiras; Dr. Sulaiman AlAbduljader, GFC Founding Director; and Mr. Nawaf AlAbduljader, GW PhD Researcher

GUST’s Gulf Financial Center (GFC) collaborated with George Washington University (GW) PhD researcher, Nawaf Al-Abduljader, on a study to compare Kuwaiti undergraduates’ entrepreneurial intentions against their contemporaries in the United States. The goal is to provide the necessary information to understand and develop the entrepreneurship and small business ecosystem in Kuwait.

Dean of the GUST College of Business Administration, Professor Antonis Simintiras, said: “The collaboration was brought about to portray the value of partnerships between academic institutions, and both public and private sectors, in order to contribute towards the development of Kuwait’s strategic plan and vision of 2035. We hope this initiative brings about a much needed meaningful data on the current landscape of the SME community and those who are considering entering the field.”

PhD researcher, Nawaf Al-Abduljader, from GW was able to obtain funding from the Kuwait Ministry of State for Youth Affairs to conduct the research. A partnership with GFC, and its strategic partner Boubyan Bank, was brought about to survey 460 students and assist in the data collection process and analysis.

GW PhD Researcher, Nawaf Al-Abduljader, said: “I would like to thank the Kuwait Ministry of State for Youth Affairs, GW, and GUST, for their support and cooperation throughout this study. Our goal is to understand the Kuwaiti entrepreneur. Most of the studies of this nature focus on the administrative and economic aspects, while this study focuses on a vital aspect – which is the individuals themselves, their motivation and their concerns. This is the first study of its kind in the region, and I hope that its results will yield beneficial and necessary change in the policies governing entrepreneurs and their businesses.”

The study was conducted through a series of extensive surveys fielded from 460 undergraduate students in business in Kuwait. The sample was compared with 264 U.S. graduate students, and the initial revelation was that 83% of the respondents in Kuwait intend to become entrepreneurs in the future. When looking at the data more closely, one sees that only 18% expressed they never want to start a business, compared to 40% in the U.S. The study also reveals that the support students in Kuwait receive from family, friends, and colleagues to become entrepreneurs, stimulated more positive attitudes. Two implications of the findings suggest that in order to encourage students to become entrepreneurs, the community needs to influence student’s attitudes towards entrepreneurship and the rewards associated with becoming an entrepreneur, as well their belief in their ability to succeed as entrepreneurs. In summary, four main aspects were suggested to increase student’s attitudes: education, media exposure, mentorship programs, and experiential learning. The results obtained were shared with the National Fund for Small and Medium Enterprise (SME) in hopes of being able to enlighten them towards creating policies that would result in continuous improvement.

GUST, as an academic institution, will always strive to create collaborations with local and international institutions in order to provide various types of support and encouragement for its community to develop and grow.

09 Apr

Annual Career Fair on Gulf University For Science and Technology (GUST).

Annual Career Fair on Gulf University For Science and Technology (GUST)

Mr. Khaled Naser Al-Roudan, Minister of Commerce & Industry (MOC) and Acting Minister of the Ministry of State for Youth Affairs, GUST Chairman of the Board of Trustees, Professor Salem Al-Tuhaih, GUST top management, DR. Sulaiman Al-Abduljader The Director of Gulf Financial Center visited the Gulf Financial Center (GFC) on March, 12, 2017 at the open of 19th Annual Career Fair on Gulf University For Science and Technology (GUST).
معالي وزير التجارة والصناعه و وزير الدولة لشؤون الشباب السيد/ خالد ناصر الروضان, رئيس مجلس أمناء جامعة الخليج الأستاذ الدكتور سالم مرزوق الطحيح، والإدارة العليا في الجامعة , الدكتور سليمان العبد الجادر مدير مركز الخليج المالي قاموا بزياره مركز الخليج المالي الموافق 12/3/2017 في افتتاح معرض الفرص الوظيفية السنوي التاسع عشر في جامعه الخليج للعلوم والتكنولوجيا.
21 Mar

HBD Survey

Survey Press Release

The Gulf Financial Center (GFC) invited the students to participate in the survey which is about a study on how cognitive styles influence intentions when starting a business. The survey is done to assess the entrepreneurial thinking of the students and to inquire about some demographic data. This project is funded by the Ministry of State of Youth Affair. The study is conducted by George Washington University. Research team: Dr. George Solomon DBA., PhD candidate, Nawaf Al-Abduljader, Dr. Kevin May, PhD, and Dr. Suleiman Al-Abduljader, PhD.
دعى مركز الخليج المالي الطلبه للمشاركه في استبيان عن دراسة كيفية التأثير في اساليب افتتاح الأنشطة التجارية و تم عمل الاستبيان لمعرفه المشاركه بالمشاريع لدى الطلبه و كيفيه الاستفسار عن بعض البيانات الديموغرافيه. وقد قامت وزارة الشباب بدعم هذا المشروع. وقد قام بالدراسة فريق من جامعه جورج واشنطن. ويتالف هذا الفريق من: د. جورج سولومن و د. نواف العبدالجادر و د. كفين ماي و د. سليمان العبدالجادر.
20 Mar

The Ceremony: Workshop

The Ceremony: Workshop

At the Gulf Financial Center (GFC), the students were honored on the last day of the workshop (Investment in our Youth is Special). The students were honored by the trainer Mr. Abdulwahab Al-Hajji and Mr. Hamad Nasser Al-Aftan (Entrepreneur Department), on behalf of the Ministry of Youth. This honoring ceremony was held to show appreciation to the students’ hard work. The results are up for the first three places; they are Rawan Al-refaie, Munera Al-Barjas and Al-Jazi Al-Jassar. 

حفل : ورشة عمل

تم تكريم الطلبه في مركز الخليج المالي في اليوم الاخير من ورشه العمل "الاستثمار في شبابنا غير". و قد قام بتكريمهم المدرب عبدالوهاب الحجي و السيد حمد ناصر العفتان من قسم التنظيم في وزاره الشباب. ويتم هذا التكريم لتقدير العمل الجاد الذي يبذله الطلاب. وقد أحرزت المراكز الثلاث الاولى روان الرفاعي و منيره البرجس و الجازي الجسار.
20 Mar

Workshop: Market Exchange

The Gulf Financial Center (GFC) held a seminar about the technical analysis in the exchange market. The trainer Abdul Wahab Al-Haji trained the students by using a virtual app called FXCM. Mr. Abdalla Nasser Al-Khurafi attended the seminar to share with students his background about the analysis in the market. The student Fatima Al-Qahtani, the honor of the previous initiative, also attended the workshop and briefed us on her experience and on how she earned the first place in the market.
عقد مركز الخليج المالي ورشه عمل عن التحليل الفني في سوق الصرف للمدرب عبد الوهاب الحجي الذي قام بتدريب الطلبة FXCH على استخدام تطبيق يسمى
وكان السيد عبد الله ناصر الخرافي متواجد في ورشه العمل لطرح معلوماته عن التسويق للطلبة. هذا وقد حضرت الطالبة فاطمة القحطاني شرف المبادرة السابقة أيضا وورشة العمل لتخبرنا عن تجربتها وكيف أنها حصلت على المركز الأول في السوق
22 Feb

Press conference: Investment in our Youth is Special

Press conference: Investment in our Youth is Special
A press release conference was made to launch an initiative investment over young non-strategic support from the Ministry of State for Youth. Among issues discussed were the goal of the youth empowerment initiative in economic terms, investment and how the youth enhanced their abilities and talents in entering the labor market.
تم عقد المؤتمر الصحفي من اجل اطلاق مبادره الاستثمار على الدعم غير الاستراتجي للشباب من وزاره الدوله للشباب. و تم خلال الاجتماع مناقشه الهدف من مبادره تمكين للشباب من الناحيه الاقتصاديه و الاستثمار و كيفيه تعزيز قدراتهم و مواهبهم في سوق العمل
07 Jan

Safe Trading Course Article

The Gulf Financial Center (GFC) held the Trading in the Global Financial Market Course organized by Safe Trading Company and sponsored by ICM Capital UK. The course was given for three days from the 7th until the 9th of December 2015, and was attended by over 30 students. This unique program has provided students with real life, practical trading strategies, bolstered by personal mentoring sessions from two professional trainers from UK.

The sessions demonstrated how the real life trades are developed, implemented and tracked. Students also were given the opportunity to analyze and professionally manage their investment portfolios. By the end of the program, the students were able to develop their own trading methodology and to get an understanding of how they can pave a path towards profitability.

08 Dec

Press Release: December 2, 2015

Press Release: December 2, 2015

Gulf University for Science and Technology Launches the Gulf Financial Center

A Press Release by Academia

جامعة الخليج»: «المركز المالي» الأكثر تطوراً في الكويت

A Press Release by Al Rai Newspaper

مركز الخليج الاقتصادي في جامعة الخليج يربط الجانب الأكاديمي للطلبة مع العملي

A Press Release by Al Anbaa Newspaper

جامعة الخليج تفتتح مركز الخليج الاقتصادي

A Press Release by Al Jareeda

الماجد: متفائلون بالاقتصاد الوطني مع نمو الإنفاق الحكومي على المشاريع

A Press Release by Al-Nahar

الماجد: متفائلون بالاقتصاد بسبب نمو الإنفاق الحكومي

A Press Release by Argaam

مركز الخليج الاقتصادي في جامعة الخليج يربط الجانب الأكاديمي للطلبة مع العملي

A Press Release by Ajial

جامعة الخليج للعلوم والتكنولوجيا تدشن مركز الخليج الاقتصادي

A Press Release by CityTalks

GUST launches Gulf Financial Center

A Press Release by Kuwait Times

جامعة الخليج للعلوم والتكنولوجيا تفتتح مركز الخليج الاقتصادي

A Press Release by Layalina
01 Dec

Gulf University for Science and Technology Launches the Gulf Financial Center

Gulf University for Science and Technology Launches the Gulf Financial Center

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”.

Gulf University for Science and Technology Launches the Gulf Financial CenterDr. 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.

Gulf University for Science and Technology Launches the Gulf Financial CenterFrom 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.