logo
Burgan Bank Participates in IDC Kuwait CIO Summit 2025

Burgan Bank Participates in IDC Kuwait CIO Summit 2025

Al Bawaba02-06-2025
Burgan Bank recently participated in the IDC Kuwait CIO Summit 2025, held under the theme 'Architecting an AI-Fueled Business' at Courtyard by Marriott Kuwait City, where it joined more than 150 industry leaders from public and private sectors to engage in vital industry conversations on the latest market-shaping technologies. Mr. Barrak Al-Mattar, General Manager – Information Technology, contributing to the summit's agenda and priorities. The Bank's participation aligns with its forward-looking digital transformation strategy, comprehensive social responsibility program, and committed adherence to environmental, social, and governance (ESG) best practices.'It's an honor to represent Burgan Bank at an event as influential as the IDC Kuwait CIO Summit, which serves as a key enabler for driving forward momentum in our technologically fast-moving industry, while discussing the best localized courses of action that serve Kuwait's digital transformation, in line with the nationwide strategy and New Kuwait Vision 2035,' said Mr. Al-Mattar. He added that Burgan Bank's commitment to digitally transforming the banking experience it offers customers centers not only on convenience and speed but also on inclusivity and accessibility, noting that digital banking continues to be a primary pillar supporting the growth of entrepreneurship and SME growth in Kuwait. Other facets of the digital revolution in banking extend to vital considerations such as sustainability, which digitalization supports through reducing the carbon footprint, responsibly and consciously disposing of electronic waste, among other positive influences. In addition, Burgan Bank continues to utilize the latest technologies to fortify its cybersecurity systems, with the support of advanced AI capabilities, while operating within the responsible parameters of governance. This commitment is further reinforced through adherence to ISO standards and full compliance with the Central Bank of Kuwait's (CBK) regulations, underscoring the Bank's dedication to security, integrity and regulatory alignment.The 2025 edition of the summit centered on the key themes including the widespread adoption of artificial intelligence (AI), digital business strategies, digital economy trends, data platforms for the intelligent enterprise, data-driven customer experience (CX) transformation, the future of work, digital trust and security, Industry 4.0, sustainability, software innovation and modern app development, and the future of digital infrastructure.
It is worth noting that Mr. Al-Mattar was awarded the 'Legend CIO' award in the '20+ years' experience in the field' category, as part of the World CIO 200 Summit's recognition of the most influential IT leaders in their respective industries worldwide in 2024. The Bank's unwavering commitment to leading with innovation and deploying digital transformation as one of its strategic pillars of success continues to cement its philosophy to be 'Driven by You' and vision to be the most modern and progressive bank in Kuwait.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Kuwait's Status as an 'AI Practitioner' Presents Opportunities in Building a Future-Ready Ecosystem: BCG Study
Kuwait's Status as an 'AI Practitioner' Presents Opportunities in Building a Future-Ready Ecosystem: BCG Study

Al Bawaba

time42 minutes ago

  • Al Bawaba

Kuwait's Status as an 'AI Practitioner' Presents Opportunities in Building a Future-Ready Ecosystem: BCG Study

Kuwait has been recognized as an 'AI Practitioner' in a recent study by Boston Consulting Group (BCG). This positions the country among 30 forward-looking economies actively integrating AI across key sectors, according to the report titled "GCC AI Pulse: Mapping the Region's Readiness for an AI-Driven Future" by BCG. The report, based on BCG's 2025 AI Maturity Matrix, revealed that Kuwait has earned the designation of AI Practitioner alongside 30 economies worldwide, including Qatar, Bahrain, and Oman. The maturity matrix identified four economic archetypes based on their AI readiness, ranging from AI Emergents at the lower end of the scale, followed by Practitioners, then Contenders, and Pioneers at the high end. With GCC countries yet to achieve AI Pioneer status, which includes the likes of the US, UK, and China, the report highlights substantial opportunities for advancing AI readiness and leadership in the region. Dmitry Garanin, Managing Director and Partner, BCG, said: "Kuwait's commitment to integrating AI across pivotal sectors showcases a visionary stride towards digital transformation. The National AI Strategy underlines a significant ambition that, if supported by a concerted effort in skilling, policy innovation, and targeted investment, can transform Kuwait into a regional AI powerhouse. The challenge now is to evolve from strategy to execution, ensuring that initiatives like the AI Center of Excellence and enhanced data governance frameworks lead to tangible outcomes. Bridging the current gaps in investment and research is crucial for Kuwait, not just to catch up, but to lead." Building a Competitive Edge in the Digital Era The Kuwait National Strategy for Artificial Intelligence, developed by the Central Agency for Information Technology (CAIT), outlines a comprehensive framework to responsibly harness AI for national development to help advance Kuwait's AI goals under Kuwait's Vision 2035. It emphasizes building a robust digital infrastructure, fostering AI talent, and ensuring ethical governance. The strategy aims to enhance public services, boost economic diversification, and position Kuwait as a regional leader in AI innovation. It also includes recommendations for policy, education, and collaboration with international partners to ensure sustainable and inclusive AI adoption across sectors. Efforts to build AI capabilities include the National Skilling Program, which focuses on training government employees, though expanded initiatives are needed to cultivate a robust AI workforce. On policy and regulation, Kuwait is developing an AI governance framework to ensure ethical and responsible AI implementation. While there exists a $7 billion public fund for SMEs, it does not specifically allocate resources to AI, revealing the necessity of targeted financial investment. To accelerate research and innovation, Kuwait plans to establish an AI Center of Excellence that fosters AI studies and collaboration between academia and industry, though additional measures are required to scale innovation. In terms of infrastructure, the country is enhancing its cloud and AI ecosystem, with Microsoft and Google Cloud spearheading efforts to build AI-powered data centers. However, Kuwait's progress across various AI dimensions remains uneven, as illustrated by key metrics: ambition scores the highest at 5, while investments and research lag at 0.67 and 0.33, respectively. To improve AI readiness, Kuwait needs to strengthen data governance, increase investments in startups, and intensify workforce development initiatives. "Kuwait's emergence as an AI Practitioner is a critical first step in the broader journey towards becoming a leader in the AI domain. The stark contrast between its ambitious goals and the current state of skills, investment, and innovation underscores a pivotal moment for policy and decision-makers. By doubling down on developing a deep talent pool, fostering a vibrant AI startup ecosystem, and ensuring responsible AI deployment, Kuwait has the potential to set a benchmark for AI integration not only regionally but globally. The foundation is set; now is the time for bold, decisive action to leverage AI for sustainable growth," said Dr. Lars Littig, Managing Director and Partner at BCG. Approaches to Foster AI Maturity in the Gulf BCG's GCC AI Pulse report supports the strategic advancement of national visions aimed at enhancing countries' global competitiveness. The expansion of the AI talent pipeline through dedicated upskilling programs and the acquisition of global talent will broaden the existing talent pool and infuse the regional market with international expertise and perspectives, critical for innovative leaps in AI. In addition, governance structures must be realigned to better adhere to evolving AI ethics frameworks and international standards, ensuring responsible and sustainable AI development. Advancements in policies will solidify Kuwait's reputation as a leader in ethical AI practices, a benchmark against which global counterparts are measured. Moreover, there is significant room for intensifying research and development investments to foster stronger academia-industry collaborations. This will spur innovation and cement Kuwait's position as a hub for cutting-edge technological advancements, matching and potentially surpassing global AI leaders such as the US, China, Singapore, the UK, and Canada in certain areas.

Omnix Strengthens Digitization in Manufacturing Solutions
Omnix Strengthens Digitization in Manufacturing Solutions

Al Bawaba

time2 hours ago

  • Al Bawaba

Omnix Strengthens Digitization in Manufacturing Solutions

Omnix International, a leader in digital transformation and innovative technology solutions, announces a significant expansion of its manufacturing-focused digitization solutions to address the growing demand for intelligent, immersive, and future-ready production ecosystems. The announcement reinforces Omnix's commitment to helping manufacturers move into the era of Industry 5.0, combining human-centric innovation with AI-powered automation, immersive collaboration, and sustainable move comes at a time when increasing global challenges such as supply chains, rising energy and operational costs, skilled labour shortages are accelerating the shift for manufacturers to transition from traditional operations to agile, data-driven Gomaa, CEO of Omnix said, 'As a long-standing provider of solutions to the manufacturing industry, we see that many companies are under pressure to work towards incorporating faster, smarter and more sustainable solutions. Our goal is to help them reimagine production through intelligent digitization where the focus is not only on automating processes but moving away from a fragmented production ecosystem to one which is integrated, predictive and human centric.' Omnix's Digitization in Manufacturing initiative brings together a range of powerful, scalable, modular solutions that can be tailored for manufacturers across sectors such as automotive, aerospace, electronics, oil & gas, and other manufacturing. Key offerings include:• Advanced Design-to-Production Workflows: Seamless integration of 3D design, simulation, and CAM tools for faster product development.• Smart Factory Enablement: Real-time machine, system, and operator connectivity to enable predictive and autonomous operations.• Immersive Technologies: XR-driven training, support, and visualization to boost collaboration and workforce efficiency.• Digital Twin & Simulation Platforms: Real-time monitoring, optimization, and predictive maintenance of assets.• Connected Manufacturing Analytics: AI-powered insights for proactive decision-making and improved throughput.• Remote Collaboration & Operations Support: Secure, expert-guided issue resolution and operational oversight from conventional providers, the company's strength lies in delivering modular, interoperable, and future-ready solutions that are tailored for the Middle East's manufacturing landscape. The differentiating factor is the ability to converge immersive design, engineering-grade simulations, advanced automation, and real-time operational visibility into a single, scalable framework. The focus is entirely on helping customers integrate the best-fit technologies for their needs. Rizwan Kareem, Business Unit Manager - Industry Support Solutions at Omnix, said, 'We see value being provided by offering solutions that can help bridge our customers physical and digital needs and help them raise their decision making capabilities, increase operational efficiency and strengthen their work-force productivity. It is our way of seeing manufacturers pave their path towards Industry 5.0. Our strength lies in unifying design, automation, AI and XR into a single platform that helps customers achieve their strategic goals.' While several elements of Omnix's Digitization in Manufacturing offerings which are built on a strong foundation of proven deployments across the region, integrated pilot environments are underway at key customer sites that are incorporating the new capabilities progressively based on specific client needs and project timelines. The solutions will be showcased through targeted engagements, live demos, and industry events across the UAE, KSA, Qatar, Kuwait and long-term strategy centres on building resilient and sustainable manufacturing models that are prepared not only for Industry 4.0 but for the emerging needs of Industry 5.0. The company aims to work alongside regulators, academia and technology partners to foster a regional ecosystem, enabling upskilling through immersive learning and being in a strong position to deliver full lifecycle digital services from consulting and solution architecture to deployment of change management. This initiative also significantly extends Omnix's legacy in digitization from its deep roots in AEC and government sectors into high-tech manufacturing transformation, making it a cross-industry digital innovation enabler in the Middle East.

NBB Appoints Mohamed Al Hammadi as Group Head of Financial Institution & Transaction Banking Sales
NBB Appoints Mohamed Al Hammadi as Group Head of Financial Institution & Transaction Banking Sales

Al Bawaba

time5 hours ago

  • Al Bawaba

NBB Appoints Mohamed Al Hammadi as Group Head of Financial Institution & Transaction Banking Sales

The National Bank of Bahrain (NBB) has announced the appointment of Mohamed Ahmed Al Hammadi as Group Head of Financial Institution & Transaction Banking brings two decades of experience across the Middle East and GCC, with a proven record in leading institutional and corporate banking operations. Prior to joining NBB, he held multiple leadership roles at Citi, including Head of Financial Institution Sales – Middle East, Pakistan, Jordan and Lebanon and Head of Treasury & Trade Solutions for Corporate, Commercial and Public Sector– Bahrain. In these roles, he managed strategic client relationships and large-scale portfolios across financial institutions, public sector entities, and multinational holds a Bachelor's Degree in Business Information Systems from the University of Bahrain, and a Master's Degree in Business Administration (Finance) from the University of Technology Bahrain. The appointment supports NBB's efforts to expand its market reach, broaden service offerings, and reinforce the Bank's position through strategic business development. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store