The Human Resources Development Council in Dubai signs a memorandum of understanding with the Emirates Financial Institute

The Emirates Human Resources Development Council in Dubai signed a memorandum of understanding with the Emirates Financial Institute, with the aim of enhancing coordination and cooperation in training, qualifying and employing citizens in the financial and banking sector, in line with national targets in supporting qualitative Emiratisation and supplying the labor market with qualified local competencies who possess the professional and technical skills necessary to keep pace with the rapid transformations in the financial industry.

This agreement comes within the framework of the Council’s continuing efforts towards consolidating partnership relations between government agencies and specialized institutions, and developing a comprehensive and integrated system to prepare national cadres capable of contributing effectively to the development of the financial sector and enhancing its competitiveness at the regional and global levels.

The agreement includes designing and implementing customized training programs in line with the needs of financial and banking institutions, and providing citizens with applied knowledge and practical experiences that qualify them to join quality jobs in the financial sector, in addition to providing clear paths for sustainable professional development, in accordance with the frameworks of the Council’s initiatives, most notably the “Dubai Ambition” initiative. It also contributes to raising the level of job stability and improving the retention rates of national competencies.

Commenting on the agreement, His Excellency Abdullah Ali bin Zayed Al Falasi, Vice Chairman of the Emirates Human Resources Development Council in Dubai and Director General of the Dubai Government Human Resources Department, said: “The signing of this agreement embodies the Council’s commitment to expanding the scope of strategic partnerships with specialized institutions, and its constant endeavor to enable citizens to effectively integrate into priority economic sectors, especially the financial and banking sector, which we consider a fundamental pillar of Dubai’s economy. This agreement represents a qualitative step in the process of supporting and empowering citizens and providing them with specialized skills.” And the practical experiences that qualify them to occupy specific jobs in this sector, in line with the state’s directions and the Council’s vision in enhancing the involvement of national cadres in various vital sectors, and contributes to achieving the goals of the Dubai Economic Agenda. D33 In building a prosperous and sustainable economy based on knowledge and efficiency.”

Marwan Al Muhairi, Director General of the Emirates Financial Institute, said: “This program comes within the framework of the Institute’s commitment to supporting the development and qualification of national competencies, by providing them with the specialized knowledge and practical skills required by the development of the financial sector. Through our partnership in this initiative, we seek to provide advanced and applied training programs that keep pace with the rapid developments in the fields of wealth management and financial technology, which contributes to enhancing the readiness of citizens to assume qualitative and sustainable professional roles. We stress that investing in national cadres is an essential element.” “It is pivotal in enhancing the competitiveness of the financial sector in Dubai and consolidating its position as a leading global financial centre.”

This partnership represents a strategic step towards aligning training outcomes with actual labor market requirements, and enhancing the readiness of citizens to fill jobs with high added value, especially in light of the accelerating digital transformation that the financial sector is witnessing and the emergence of new business models that rely on innovation and financial technology. The agreement also contributes to supporting financial institutions in attracting qualified national talent according to the best professional standards, thus enhancing the sustainability of the sector and consolidating its role as a major driver of economic growth.