A memorandum of understanding to promote financial culture and entrepreneurship in the UAE

The Mohammed bin Rashid Fund for Innovation signed a memorandum of understanding with the National Bonds Company, with the aim of unifying efforts to enhance financial culture, consolidate the concepts of entrepreneurship, and empower youth by launching specific initiatives that focus on education and capacity building.

This cooperation is consistent with the UAE’s directions, which aim to enhance the innovation system and consolidate financial culture, as the two parties seek to unify efforts to prepare a generation that enjoys innovation and financial awareness, and the ability to contribute effectively to the economy of the future.

The Acting Assistant Undersecretary of the Ministry of Finance for the Support Services Sector and the Ministry’s representative in the Mohammed bin Rashid Innovation Fund, Fatima Yousef Al Naqbi, said: “At the Mohammed bin Rashid Innovation Fund, we are committed to supporting the UAE’s transformation towards a knowledge-based economy, by empowering those with ideas and ambitions who will lead the future. Our partnership with National Bonds represents an important step to enhance the integration between innovation and financial flexibility, as integrating financial culture into our initiatives that support entrepreneurship will contribute to empowering founders.” And young people can acquire the knowledge and skills necessary to build companies capable of adapting, growing, and keeping pace with the requirements of the future, which contributes to supporting the sustainable economic growth of the UAE.” Under the agreement, National Bonds will organize a series of workshops and interactive sessions dedicated to members of the Mohammed bin Rashid Fund for Innovation and concerned parties. In return, the Mohammed bin Rashid Innovation Fund will contribute to providing specialized educational content focusing on entrepreneurship, including organizing awareness sessions, sharing inspiring success stories for founders, and launching innovative initiatives to exchange knowledge, which contributes to inspiring and guiding aspiring entrepreneurs.

For her part, Executive Vice President of the National Bonds Group, Rehab Lootah, said: “Our partnership with the Mohammed bin Rashid Innovation Fund embodies the integration between entrepreneurial thought and financial awareness, as they are two basic pillars for building a new generation of innovators and entrepreneurs in the UAE, and supporting the country’s goals in consolidating its position as a global center for innovation and finance.”