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Burgan Bank teams up with Microsoft for Gulf Imagine Cup 2009

Burgan Bank and Microsoft Kuwait today joined forces for the latter's 'Gulf Imagine Cup 2009' - the region's premier student technology competition.



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As per the collaboration, Burgan Bank will sponsor the Kuwait leg of the Gulf Imagine Cup 2009, facilitate the mentoring of registered teams and on-campus elimination rounds as well as support the Kuwaiti contingents as they represent the country at the regional finals to be held in Dubai early next year.

At a signing ceremony held at Burgan Bank's headquarters to kick-off the sponsorship, Microsoft Country Manager Ramez Dandan and Burgan Bank Chief Executive Officer Jonathan Lyon underlined the significant role played by the Gulf Imagine Cup in encouraging Kuwaiti youth to realize their potential.

Burgan Bank's sponsorship of the Gulf Imagine Cup 2009 reiterates its commitment to corporate social responsibility by encouraging the nation's youth towards knowledge and experience acquisition.

'The youth of today are the citizens of tomorrow. Which is why encouraging young minds to constantly challenge themselves, and assuring them necessary resources, mentoring and support to do so has always been integral to our Corporate Social Responsibility philosophy.'

said Burgan Bank Chief Executive Officer Jonathan Lyon.

'Be it establishing Kuwait's first online financial trading learning center at the Kuwait University, funding global student exchange programs or supporting the activities of the National Union of Kuwaiti Students, we've always backed the endeavors of the youth community. Partnering with Microsoft for the Gulf Imagine Cup 2009 is another step in this direction. We commend Microsoft for their initiatives in recognizing visionary talent across all countries at a global platform.'

'Microsoft Imagine Cup is all about igniting the imagination of tomorrow's technology visionaries and leaders. When coupled with the power of technology the potential of young people is unlimited and the ideas they develop for the event could significantly improve the lives of millions of people around the world. In Kuwait, we are seeing tremendous interest from both the education and private sectors who want to be involved in this year's Gulf Imagine Cup as the contest provides students with a launch pad for their ideas and access to key resources that can set them on the path to career success.'

said Ramez Dandan, Country Manager for Microsoft in Kuwait.

'With this contest, Kuwaiti youth now have the opportunity to ignite their imagination paving a way for them to follow their dreams and make a difference in the real world. We are pleased to be associated with Burgan Bank and thank them for their generosity and dedication to helping the world's brightest technology students achieve their full potential', concluded Ramez.

Now in its seventh year, the Imagine Cup is a global student technology competition - hosted and administered by Microsoft - which focuses on finding solutions to real-world issues.

The competition encourages the world's most talented software designers, programmers, game developers, photographers and filmmakers to tackle the toughest problems facing the world today.

Reflecting Microsoft's initiative to encourage young people to apply their imagination and creativity to technology innovations that can make a difference and address real-world issues, the Imagine Cup compliments Microsoft's Unlimited Potential commitment to create social and economic opportunity through programs and products that transform education, foster local innovation and enable jobs and opportunities worldwide.

The Imagine Cup is also endorsed by the United Nations Educational, Scientific and Cultural Organization (UNESCO) which is the UN agency responsible for the promotion of international cooperation in the fields of education, science, culture and communication.

Each year the Imagine Cup chooses its theme from the UN Millennium goals.

In 2009, the Imagine Cup challenges the world's most talented students to 'Imagine a world where technology helps solve the toughest problems facing us today.'

The United Nations has identified some of the hardest challenges in the world today in its Millennium Goals.

This year the Imagine Cup uses these ambitious challenges as a guiding light to inspire change all over the world.

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About Burgan Bank
Burgan Bank is a subsidiary of KIPCO (Kuwait Projects Company). Amongst the youngest and most dynamic commercial banks in the State of Kuwait, established in 1977, the Bank has acquired a leading role in the retail, corporate and investment banking sector through innovative product offers and technologically advanced delivery channels. It has continuously improved its performance over the years by applying an expanded revenue structure, good asset quality, diversified funding sources and a strong capital base. The adoption of state-of-the-art services and ground-breaking technology has positioned it as a trendsetter in the domestic market. At present it enjoys a wide reach through our network of 21 branches and over 110 ATMs making it one of the widest ATM networks in the GCC.

The brand has been created on a foundation of real values - of trust, commitment, excellence and progression to remind us of the high standards to which we aspire. 'People come first' is the foundation on which its products and services are developed and are further augmented by its three pillars of innovative technology, staff competency and customer service. It is committed to offering an enhanced banking experience.

The Bank was recertified and is still the only bank in the GCC with ISO 9001:2000 certification in all its banking businesses. It also has to its credit the distinction of being the only bank in Kuwait to have won the JP Morgan Chase Quality Recognition Award, 10th year in succession and was also acknowledged as the 'Best Local Private Bank' in Kuwait in the Fourth Annual Euromoney Private Banking Survey 2007. Further, for two consecutive years, it was conferred the COMMERZBANK Recognition Award, for maintaining high standards of quality, efficiency and reliability while processing Euro currency transactions as well. The Bank's commitment to uphold best practices was recognized when it won the region's first Hawkamah-UAB Bank Corporate Governance Award 2007 while its marketing excellence was recognized as amongst the best in the region by the Middle East Business Achievement Awards 2007. It also received the 'Best Corporate Finance Bank Award' from Al Mazaya Holding at the latter's Third Finance Transparency Conference held earlier this year. It also received the World Quality Commitment Gold Award from Business Initiation Directives at the 22nd World Quality Commitment Convention and recently was declared the region's 'Most Innovative Retail Bank' by the Middle East Retail Banking Awards 2008.

For more information, please contact:
Leslie Mouawad
Account Executive
Public Relations
MEMAC Ogilvy, Kuwait City
Office: +965-24610371 Ext: 27
Fax: +965-24610376
Ehab Al-Abbadi Posted by Ehab Al-Abbadi
Saturday, November 22 - 2008 at 12:36 UAE local time (GMT+4)

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