July 13, 2024

ADGMA, The HRA, Banque Misr unveils Banking Ed Programme for Emiratis

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Abu Dhabi Global Market Academy (ADGMA), an educational arm of Abu Dhabi Global Market along with the Human Resources Authority (HRA), and Banque Misr have signed a Memorandum of Understanding (MoU) to launch a banking educational program at Abu Dhabi Global Market (ADGM).

According to ADGMA sources, this agreement further states for the parties’ strategic collaboration to facilitate knowledge exchange and enhance the educational and training platforms for banking offered by ADGM Academy. The partnership aims to refine the skills of Emirati researchers, promote their successful integration into the private sector, and support their pursuit of meaningful and sustainable employment.

MoU signing between ADGM Academy, HRA, and Banque Misr, Source: Abu Dhabi Global Market (ADGM)

As per the industry sources, the MoU signing-off agreement took place between Mr. Ahmed Saleh the acting Executive Director of Manpower Development & Management Sector – at HRA, and Mr. Abdullah Al Suwaidi the ADGM Academy Board Member, and Mr. Khaled El Bialy the CEO Banque Misr UAE.

Hamad Sayah Al Mazrouei, Managing Director of ADGM Academy, commented: “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 Emirati nationals for employability in Banque Misr. We are proud to be supporting the UAE’s wider goal to further cultivate local talent.”

Commenting on the agreement, Ms. Amal Al Jabri, The Acting Director-General of the Human Resources Authority (HRA), confirmed that “This agreement represents an extension of the fruitful institutional cooperation between the Authority and the Abu Dhabi Global Market Academy to enhance the participation of UAE nationals in the private sector, as HRA continues to develop mechanisms for joint work to serve the strategic objectives of the public and private sectors in a beneficial manner.”

She further explained that “Directly on the young citizen who is looking for a job, based on the powers and competencies granted to it by the law of its establishment in 2015. Among these competencies are the establishment and development of comprehensive information systems for job opportunities available to citizens in government agencies and companies and the private sector, coordination with the competent authorities and work to follow up institutional performance for entities and their measurement in relation to human resources and Emiratisation.”

She praised the importance of the educational platform for banking business in supporting the qualitative Emiratisation rates in the banking and banking field. She stated, “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 labor market of the Emirate of Abu Dhabi.”

She added “We are pleased to further cement our strategic partnership with the ADGMA and praise the role of Banque Misr in supporting national development programs in the financial and banking field by developing the educational platform, attracting national job seekers, and investing in their readiness to lead the future in the financial and banking sector with efficiency and skill in national hands. we also confirm the continuity of the authority in launching more innovative initiatives in a way that promotes common goals and supports the comprehensive development process in the work system in the Emirate of Abu Dhabi.”

Khaled El Bialy – CEO of Banque Misr UAE, stated: “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.

Khaled El Bialy confirmed that “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. In addition, we have a firm heartfelt duty to contribute positively and effectively to 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 levels of banking career, and in collaboration with the Human Resources Authority to establish a banking educational hub at ADGM.”

According to Industrial sources and statements from ADGMA, Successful graduates of the program will be nominated for employment within their organizations via robust and structured assessment centers. Banque Misr will identify and sponsor the graduates of the ADGM Academy program, and further assist in training and employability as per their human resources requirements.

To get on track, ADGM Academy and its partners will formalize a study proposal prominence of the complete banking education key performance indicators, followed by establishing a committee to provide support, guidance, and oversight of progress.

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