Abu Dhabi Global Market Academy, the education arm of the UAE capital's financial free zone, has joined forces with Mashreq, the Dubai lender controlled by the Al Ghurair family, to develop a hub for banking education.
As part of the initiative, the entities will set up a framework of co-operation and exchange of knowledge related to the development of banking and financial education programmes. It will help to maintain an effective talent pool in the banking sector, they said in a joint statement on Monday.
Our story is about growth and that is why we value this collaboration with ADGM Academy
Ahmed Abdelaal,
group CEO of Mashreq
A diverse and competent workforce fosters innovation, generates growth and opens more opportunities, said Ahmed Jasim Al Zaabi, ADGM’s chairman.
“We focus on human capital and talent management, not only to meet the demands of industry, but to strengthen the financial stability and long-term economic sustainability of Abu Dhabi and the UAE.
“We welcome public and private banks and financial institutions such as Mashreq to train, upskill and reskill their human capital assets with us.”
The new banking education hub, which will be established at ADGM, intends to become an employment conduit to recruit and train competent UAE national employees based on the Mashreq’s talent acquisition requirements.
It will also conduct development programmes to train and certify the bank's existing employees with the objective of upskilling and re-skilling them.
ADGM, which aims to connect the emirate with international markets in the Middle East, Africa and South and East Asian economies, is part of Abu Dhabi's efforts to diversify its economy.
The international financial centre had 3,700 companies operating within its sectors at the end of June, including global businesses, financial institutions, treasury centres, professional services firms, small and medium enterprises, and start-ups.
The agreement with Mashreq advances ADGM Academy’s national development programme that aims to develop national human capital and increase Emiratisation and employability across key economic sectors, particularly financial services.
“We have an expanding footprint across the Middle East and a strong presence in the financial capitals of the world. Our story is about growth and that is why we value this collaboration with ADGM Academy,” said Ahmed Abdelaal, group chief executive of Mashreq.
Mashreq and ADGM Academy will formalise a study proposal, which will “highlight a complete banking education regime and formalise a working group that will list deliverables and define time frames”, the statement said.
Mashreq will assist ADGM Academy in identifying the training needs of the banking sector and employability as per its human resources requirements and sponsoring graduates of the academy's programmes.
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
Scores
Rajasthan Royals 160-8 (20 ov)
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The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
CONFIRMED%20LINE-UP
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Key products and UAE prices
iPhone XS
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Price: Dh4,229
iPhone XS Max
It is expected to be a grander version of the iPhone X with a 6.5-inch screen; an inch bigger than the screen of the iPhone 8 Plus.
Price: Dh4,649
iPhone XR
A low-cost version of the iPhone X with a 6.1-inch screen, it is expected to attract mass attention. According to industry experts, it is likely to have aluminium edges instead of stainless steel.
Price: Dh3,179
Apple Watch Series 4
More comprehensive health device with edge-to-edge displays that are more than 30 per cent bigger than displays on current models.
MATCH INFO
Uefa Champions League semi-final, first leg
Barcelona v Liverpool, Wednesday, 11pm (UAE).
Second leg
Liverpool v Barcelona, Tuesday, May 7, 11pm
Games on BeIN Sports
COMPANY%20PROFILE
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The specs: 2018 Nissan Altima
Price, base / as tested: Dh78,000 / Dh97,650
Engine: 2.5-litre in-line four-cylinder
Power: 182hp @ 6,000rpm
Torque: 244Nm @ 4,000rpm
Transmission: Continuously variable tranmission
Fuel consumption, combined: 7.6L / 100km