Kuwait eyes deeper financial sector engagement to support Vision 2035
The meeting forms part of OBG's ongoing research for The Report: Kuwait 2025, which will analyse key trends and investment opportunities across the country's economy and will be in both printed and digital formats. The publication will feature insights from leading public and private sector figures, alongside data and analysis covering financial services, energy, infrastructure, and other priority areas.
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Al Bawaba
6 hours ago
- Al Bawaba
Dubai Culture signs strategic partnership with Emirates Intellectual Property Association
Dubai Culture and Arts Authority (Dubai Culture) has signed a memorandum of understanding (MoU) with the Emirates Intellectual Property Association (EIPA) to strengthen relations and expand the horizons of bilateral cooperation in the field of intellectual property. The agreement focuses on coordinating efforts to organise a series of initiatives and events to raise awareness about the importance of intellectual property. This MoU reflects the commitment of both parties to support the knowledge economy and promote the concepts and foundations of intellectual property protection, thereby raising legal and cultural awareness across community members. It also underscores their commitment to achieve the UAE's vision and ambitions by sharing best practices and experiences in intellectual property, enabling them to organise a series of educational and training workshops, participate in various annual programmes and activities dedicated to disseminating knowledge and awareness in this field, and leverage available resources and logistical capabilities to support the intellectual property protection system. Additionally, it involves exchanging publications, summaries, knowledge videos, and periodicals, as well as encouraging the publication of scientific and cultural research and studies related to this Excellency Hala Badri, Director General of Dubai Culture, affirmed the Authority's pivotal role in fostering innovation and creativity and providing comprehensive intellectual property protection rights for professionals, creatives, innovators, and entrepreneurs in the UAE, saying: 'The country is witnessing a dynamic cultural movement, and thanks to the protection and preservation of intellectual property rights, it has become an ideal place to live and work and thrive. Over the past few years, the UAE has successfully developed its legislative framework for intellectual property across various fields, contributing to the development of the innovation ecosystem, research and development processes and attracting numerous pioneering projects from around the world, thus encouraging investment in the knowledge economy. At Dubai Culture, we aim to create a conducive environment protecting intellectual property rights for talents across literary, intellectual, and artistic fields through various projects and initiatives. Our partnership with EIPA aligns with our efforts to strengthen the cultural and creative industries, positively impacting the building of a knowledge economy. It also helps us achieve our vision of cementing Dubai as a global centre for culture, an incubator for creativity, and a thriving hub for talent.'His Excellency Major General Dr. Abdul Quddoos Abdul Razzaq Al Obaidly, Chairman of the Emirates Intellectual Property Association (EIPA), expressed his pride in the strategic partnership with Dubai Culture and Arts Authority (Dubai Culture), affirming that it represents a pivotal step towards instilling a culture of respect and protection for intellectual property rights within society and enhancing the creative environment in Dubai and the UAE in Excellency stated: 'We are proud to sign the Memorandum of Understanding with Dubai Culture and Arts Authority, which reflects the keenness of both parties to join efforts in serving creativity and supporting creators. This partnership embodies our mutual commitment to promoting the principles and foundations of intellectual property and raising public awareness of its importance in supporting the national economy and building thriving creative sectors that contribute to achieving Dubai's cultural vision and strengthening the Emirate's position as a global hub for culture and innovation.' He Excellency added: 'This partnership is an extension of the Association's efforts to build a sustainable knowledge and legislative environment through implementing specialized training programs and initiatives that help raise awareness and foster a culture of respect for intellectual property rights. At the Emirates Intellectual Property Association, we continue to work on developing qualified national talents and strengthening the institutional framework for protecting the rights of creators and innovators, in line with the UAE's aspirations for knowledge leadership and its position as a global center for safeguarding creativity and intellectual property.
Al Bawaba
10 hours ago
- Al Bawaba
Kuwait eyes deeper financial sector engagement to support Vision 2035
The role of Kuwait Finance House (KFH) in supporting sustainable economic growth, financial innovation and private sector development in line with Kuwait Vision 2035 was among the central topics of discussion during a recent strategic meeting between Khaled AlShamlan, Group Chief Executive Officer of KFH, and a senior delegation from Oxford Business Group (OBG), led by Andrew Jeffreys, the Group's Chief Executive Officer, and Cristina Mirica, Country Director for meeting provided an opportunity for both parties to exchange insights on Kuwait's evolving financial landscape, with a particular focus on supporting national development priorities through knowledge sharing, responsible financial practices and enhanced stakeholder also explored the possibility of future collaboration in areas such as thought leadership, joint events, and market intelligence. In addition, the parties highlighted the importance of ESG principles, digitalisation and strong corporate governance in shaping a resilient and inclusive financial AlShamlan shared his thoughts with OBG that the meeting was aligned with KFH's broader commitment to enabling economic progress in Kuwait and strengthening engagement with strategic knowledge partners.'KFH remains committed to advancing sustainable growth and aligning with national priorities under Vision 2035. Our discussion with Oxford Business Group reflects our interest in working with knowledge partners to support financial innovation, enhance market transparency and drive private sector development in Kuwait and beyond,' he Jeffreys, CEO of Oxford Business Group, said the meeting offered a valuable opportunity to exchange views on regional investment dynamics and future collaboration.'We are pleased to have had the opportunity to meet with Mr. AlShamlan and his team at a time when Kuwait's financial sector is undergoing rapid transformation. KFH's leadership in ethical banking and innovation aligns well with the themes we are exploring in our research. We look forward to deepening our engagement with key stakeholders in the sector,' he noted. The meeting forms part of OBG's ongoing research for The Report: Kuwait 2025, which will analyse key trends and investment opportunities across the country's economy and will be in both printed and digital formats. The publication will feature insights from leading public and private sector figures, alongside data and analysis covering financial services, energy, infrastructure, and other priority areas.
Al Bawaba
a day ago
- Al Bawaba
Enova and Schneider Electric Join Forces to Advance Energy Solutions in the Gulf
Enova – a premier provider of integrated energy and multi-technical solutions and a Majid Al Futtaim and Veolia joint venture has entered a strategic collaboration with Schneider Electric, a global leader in the digital transformation of energy management and automation. This collaboration brings to the fore Schneider Electric technologies — including microgrids, photovoltaic (PV) systems, and electric vehicle (EV) charging infrastructure — with Enova's deep expertise in energy efficiency strategies and advanced asset management the region intensifies efforts to decarbonize its economy and transition toward cleaner and more resilient energy systems, the collaboration will focus on driving impactful outcomes in energy efficiency and emissions Capris, Chief Executive Officer of Enova, commented, 'As we accelerate our progress towards a sustainable energy future in the Gulf, our collaboration with Schneider Electric enables us to integrate advanced technologies and energy efficient solutions and to optimize our service portfolio and enhance value for our its establishment in 2002 as a joint venture between Majid Al Futtaim and Veolia, Enova has enabled clients across the region to achieve more than AED 530 million in total energy cost savings and reduce carbon emissions by over 580,000 added, 'Together, we are uniquely positioned to enable our clients across diverse sectors optimize their energy use and decarbonize operations in alignment with Enova stakeholders' environmental objectives – including Veolia's GreenUp strategic program – while making a meaningful contribution to the region's environmental goals.'Amel Chadli, President of Gulf Countries at Schneider Electric, said: "As the region places greater urgency on decarbonizing its economy and building more resilient energy systems, it has become increasingly important for businesses, of various sectors, to optimize energy consumption, maintain a healthy and productive environment, and update aging facilities.'She added: 'Our collaboration with Enova builds on our commitment to set a new standard for decarbonization in the region through the convergence of technology and expertise. Our shared goal is to support organizations in driving meaningful transformation through sustainability, innovation, and operational resilience."The collaboration will drive the adoption of smart technologies and support the integration of renewable energy into core business operations. The initiative empowers businesses to contribute meaningfully towards regional goals to scale clean energy and efficiency, through Schneider Electric's EcoFit and EcoCare programs, aimed at modernizing aging systems and ensuring circularity. By integrating Schneider Electric's connected technologies with Enova's on-the-ground capabilities in asset management and technical operations, the two companies will deliver future-ready solutions that respond to clients' evolving sustainability requirements.
