GIB continues expansion, boosts KSA presence

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Dr. Abdullah bin Hassan Alabdulgader, chairman of GIB.
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Abdulaziz bin Abdulrahman Al-Helaissi, group CEO of GIB.
Updated 14 August 2018
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GIB continues expansion, boosts KSA presence

Gulf International Bank (GIB) has announced further progress in the implementation of its expansion strategy to position itself as a pan GCC-universal bank. GIB is now in its final stages of completing the necessary steps to convert its branches into a locally incorporated bank in Saudi Arabia, GIB’s largest market.

In May 2017, GIB received approval from the Saudi Council of Ministers to convert its branches to a locally incorporated bank, Gulf International Bank — Saudi Arabia (GIB KSA). While GIB continues to take steps to receive the required regulatory approvals, it has begun an internal process to ensure that all requirements of a locally incorporated bank license are met and that the business is effectively designed to meet customer demands.

Dr. Abdullah bin Hassan Alabdulgader, chairman of GIB, said: “As we progress the establishment of a new, locally incorporated entity in Saudi Arabia, we also reinforce our commitment to the Kingdom and its Vision 2030. This milestone sets the stage for GIB’s expansion plans across the region.”

Abdulaziz bin Abdulrahman Al-Helaissi, group CEO of GIB, added: “We continue to enjoy strong momentum in our plans to further diversify the business. This includes expanding our presence in key markets whilst investing in technology, people and platforms.”


Alef Education launches first project in US

From right, Geoffrey Alphonso, CEO of Alef Education; Geoffrey Canada, president of the Harlem Children’s Zone and chairman of NexGen Education; and Hanut Singh, CEO of NexGen Education and CEO of QBS Learning.
Updated 17 October 2018
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Alef Education launches first project in US

Alef Education, a UAE-based education technology company, has announced the launch of its Alef education system in the US.

The system will be used at Harlem Children’s Zone (HCZ) schools in New York city, starting Oct. 15.

The Alef education system brings together a blend of the latest technology and pedagogical approaches geared toward learners of today. A key component of the system is the “Alef Platform,” which has three main pillars: 

•A fun and easy-to-use digital learning environment 

•High-quality digital content developed to engage and stimulate learning with a blend of videos, interactivities and games. 

•Real time data provided within each lesson to truly enable educators to support personalized learning and identify student strengths and weaknesses. 

The partnership between Alef Education and the Harlem Children’s Zone schools started in 2017 when leaders of those organizations met. The meeting included a review of best practices in pedagogy, instructional design, the use of technology, and the best ways to identify difficult concepts and detect struggling students early using data. 

Alef Education identified NexGen, an education technology startup based in New York City, as its US-based partner to carry forward the implementation of the program at the Harlem Children’s Zone schools and other school systems across the US. 

Geoffrey Alphonso, chief executive of Alef Education, said: “As a leading education technology company, we want to play a significant role in the creation of the next generation of innovative individuals around the world, and continue to provide the latest innovations in artificial intelligence-based and technology-driven education solutions within a holistic education system.” 

He added: “The implementation of our innovative education system in the Harlem Children’s Zone schools in New York city speaks of a quantum leap in our long-term mission to leverage technology to provide students with the personalized education they need to succeed, while also empowering teachers with real-time, actionable data.” 

Geoffrey Canada, president of the Harlem Children’s Zone schools in New York and chairman of NexGen Education, named one of the world’s most influential people by Time magazine and as one of the 50 greatest leaders by Fortune magazine, said: “We are pleased to welcome Alef Education’s innovative education system into our schools in New York as of October 2018. Education systems across the world are witnessing unprecedented transformations and a transition to a more dynamic education based on new technologies. In this context, we have decided to adopt this program to further enrich the resources available to our students to ensure they have access to the best the digital education industry has to offer.”