A banking educational programme has been established at the Abu Dhabi Global Market (ADGM) in order to refine the skills of Emirati researchers, promote their successful integration to the private sector, and support sustainable employment.
The programme was launched by the Abu Dhabi Global Market Academy (ADGMA), which is the educational arm of the Abu Dhabi Global Market, in partnership with the Human Resources Authority (HRA), and Banque Misr, all of who have signed a memorandum of understanding (MoU).
The agreement furthers the parties’ strategic collaboration to facilitate knowledge exchange and enhance the educational and training platforms for banking offered by ADGM Academy.
The managing director of Abu Dhabi’s ADGM Academy, Hamad Sayah Al Mazrouei, said: “This is a significant milestone for ADGM Academy, as we reinforce our commitment to support the UAE’s knowledge sector, particularly in the crucial fields of finance and banking.
“Through this partnership with HRA and Banque Misr, we aim to train and certified the Emirati nationals for employability in Banque Misr. We are proud to be supporting the UAE’s wider goal to further cultivate local talent.”
Successful graduates of the programme will be selected for employment within their organisations through robust and structured assessment centers.
Banque Misr will identify and sponsor the graduates of the ADGM Academy programme, and further assist in training and employability as per their human resources requirements.
The MoU was signed by Ahmed Saleh, the acting executive director of Manpower Development and Management Sector – at the HRA; Abdullah Al Suwaidi, the ADGM Academy Board Member; and Khaled El Bialy, the CEO of Banque Misr UAE.
To get started, the ADGM Academy and its partners will formalise a study proposal highlighting the complete banking education key performance indicators, followed by establishing a committee to provide support, guidance, and oversight of progress.
With the support of Banque Misr, ADGM Academy will then identify training needs, and then, with the assistance of the Human Resources Authority, will recognise potential UAE graduate Nationals seeking job opportunities to be trained and be prepared for employment.
Commenting on the agreement, Amal Al Jabri, the acting director-general of the Human Resources Authority (HRA), confirmed that this agreement represents an extension of the institutional cooperation between the authority and the Abu Dhabi Global Market Academy to enhance the participation of UAE nationals in the private sector.
The HRA continues to develop mechanisms for joint work to serve the strategic objectives of the public and private sectors in a beneficial manner.
Al Jabri also praised the importance of the educational platform for the banking business in supporting qualitative Emiratisation rates in the banking sector.
She said: “We will continue to work on developing more plans aimed at developing the capabilities and knowledge skills of national talents in all fields to provide more job opportunities for the authority’s database in the labour market of the emirate of Abu Dhabi.
“We are pleased to further cement our strategic partnership with the ADGMA and praise the role of Banque Misr in supporting national development programmes in the financial and banking field by developing the educational platform, attracting national job seekers, and invest in their readiness to lead the future in the financial and banking sector with efficiency and skill in national hands.”
The CEO of Banque Misr UAE, Khaled El Bialy, said: “Banque Misr has always attached great importance to the development and advancement of human resources, believing that they are the most important assets of any institution, and that the strength of institutions lies in their enlightened talent.
“The signing of the memorandum of understanding (MoU) comes within the framework of Banque Misr’s values and strategies reflecting its commitment and dedication to sustainable development and to achieving prosperity for Egypt and all countries in which the bank operates.”
El Bialy added: “We have a firm heartfelt duty to contribute positively and effectively towards the UAE economy and its nationals through the partnership with Abu Dhabi Global Market (ADGM) Academy to develop cadres of young graduates who possess the required basic and technical level of banking career, and in collaboration with the Human Resources Authority to establish a banking educational hub at ADGM.”
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