KUWAIT CITY, March 31: CFA Kuwait, the national chapter for CFA Institute, the world’s pre-eminent association of investment professionals, and Kuwait Economic Society (KES), an independent non-government organization and one of Kuwait’s oldest professionals societies are pleased to announce a strategic memorandum of understanding (MoU) to provide organizational support and to help drive education and broaden awareness within the investment and other associated sectors here in Kuwait.
KES was founded in 1970 as a professional and intellectual initiative.  It has actively supported and assisted CFA Kuwait since the latter was established in 2008, sharing many similar ideals and objectives.   Since then CFA Kuwait has subsequently seen its membership increase by 50 percent, ensuring that 11 percent of CFA members in the Gulf are from Kuwait.  These figures are expected to grow substantially as Kuwait’s investment markets continue to expand.

Much of the work currently being undertaken by CFA Kuwait to assist in the development of the investment industry in the country reflects KES wider aspirations to foster and encourage continued economic growth within the national economy.  As CFA Kuwait seeks to promote ethics, education and the importance of good, strong corporate governance, so KES has sought to create opportunity and greater understanding across the business community, government, parliament and other organizations.
Commenting on the new agreement, Mr Raghu, President of CFA Kuwait said: “The Kuwait Economic Society has been hugely supportive of what we are trying to achieve. 

This MoU will bring significant benefits to CFA Kuwait, as well as to our members and we very much look forward working together.  It is further evidence of CFA Institute’s continued ambition to build strong working partnerships with key organizations around the Gulf in order to ensure that the investment community in the region continues to develop to the very highest international standards.”
Dr Rola Dashti, Chairperson at Kuwait Economic Society added: “As an international organization with a strong educational element as part of its principal charter, we can learn a lot from CFA Institute.  It represents much of what we were established to deliver so we are delighted to be able to work together to promote best practice here in Kuwait.”