Under the directives of Ammar bin Humaid / Ajman University and Ajman Bank sign an agreement to establish the Financial Markets Laboratory
Ajman, 21st November / WAM / Under the directives of His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, Chairman of the Executive Council of the Emirate of Ajman, Ajman University signed a cooperation agreement with Ajman Bank to establish the “Ajman Bank Financial Markets Laboratory”, with the aim of supporting applied education and enabling students to gain practical experiences in an environment that simulates the reality of the financial and banking sector.
The agreement comes within the framework of the vision led by His Highness Sheikh Ammar bin Humaid Al Nuaimi, which aims to consolidate the integration of education and the economy, and strengthen partnerships between national institutions. It is also consistent with the goals of Ajman Vision 2030 to build an advanced knowledge economy based on innovation and advanced education.
The agreement was signed by Dr. Karim Al-Saghir, Rector of the University, and Mustafa Al-Khalafawy, CEO of Ajman Bank, at the university’s headquarters, in the presence of a number of officials.
The project is being implemented with support from Ajman Bank amounting to 5 million dirhams, which reflects the size of the commitment to enhancing applied education and supporting specialized academic infrastructure.
The project aims to provide an interactive training environment that enables students to simulate real work environments in the financial sector, and enhance their skills in analysis and decision-making. The support provided to the university allows it to provide the laboratory with the latest technologies and systems approved by international financial institutions, which contributes to developing the practical education system and providing an integrated training experience.
In this context, the university will work, in cooperation with its partners, to provide awareness initiatives in the financial field, which contribute to spreading a broader economic understanding that serves various segments of society.
The laboratory is located on an area of 160 square meters, and includes 36 trading stations, with a capacity of up to 40 students at the same time. It also includes a price bar to display real-time market data, illuminated digital panels, in addition to licenses for the global “Bloomberg” system specialized in data analysis and financial decision-making.
Dr. Karim Al-Saghir appreciated this initiative, noting that it represents a qualitative shift in applied education at the university, and comes in the context of its transformation into a non-profit academic institution.
He added that the laboratory will provide students with direct access to market data and trading tools, and will also provide free community programs in financial education that contribute to raising economic awareness.
Dr. Karim Al-Saghir pointed out that the partnership carries a special dimension, as the CEO of the bank is a graduate of the university, noting that his return today as a supportive partner embodies the continuity of the relationship between the university and its graduates.
For his part, Mustafa Al-Khalafawi said that the initiative comes in support of Ajman’s vision of building an integrated educational system that links knowledge and application, and contributes to preparing generations that will lead the future efficiently and competently, indicating that investing in people is the guarantor of sustainable progress.
He added that cooperation with Ajman University reflects the bank’s commitment to improving the educational system and enhancing its capabilities in line with the country’s priorities and vision for the future.
The “Ajman Bank Financial Markets Laboratory” is a qualitative addition that supports applied learning by providing in-depth market data and analysis, in addition to advanced platforms and professional tools that give students practical experience that qualifies them to excel in the financial sector.
Al-Khalafawi stressed their strengthening of the partnership with Ajman University, while looking forward to the positive impact that this initiative will have in preparing national competencies capable of supporting the development process in the UAE.
This project is part of Ajman’s vision of enabling education as a major driver of development, and dedicating the partnership between the academic and banking sectors to formulate a more efficient and sustainable future.
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