The Ethraa program successfully prepares future financial leaders

The Emirates Institute of Finance (EIF), a regional leader in banking and finance training, announced distinctive achievements in the field of banking and finance, and the successful training of future Emirati financial leaders.

The institute graduated the first batch of “Ethraa Program” for the year 2022-2023 composed of 1,056 professionals to emiratize the financial sector. More than 122,683 citizens have been trained at the institute, including more than 100 financial leaders and through more than 35 national and global strategic partnerships.

He Ethraa Program, Launched in 2022, it aims to provide 9,380 job opportunities for citizens in the financial sector by 2026. The program managed to train 1,839 citizens with a success rate of more than 84% in more than 20 banking and financial specializations, exceeding international standards. Fields such as programming and cybersecurity achieved a 100% success rate; the two trainees, Sara Alansaari-Sukoon Insurance and Sara Alsuwaidi-Daman Insurance were also honored as the best in the region in the field of insurance. Similarly, the three trainees Aisha Alqahtani-Dubai Islamic Bank, Afra Al Suwaidi-Ajman Bank and Saleh Abdalla-Dubai Islamic Bank achieved 99% in the e-security certificate and were ranked in the highest grade among 150 countries offering this certificate.

FEI helped employ 1,100 UAE nationals in specialized jobs in the financial sector during the year 2023. The institute also enrolled more than 80 citizens in the Future-Tech Leaders Program and trained more than 100 Emiratis in the “Program of Leadership” which is in cooperation with the University of Oxford.

In line with the government’s vision of empowering Emiratis, increasing their contribution to the future economy and gradually increasing the Emiratization rate to 30% in the banking and finance sector, the institute aims to achieve an Emiratization rate of 45% in the banking and 30% in insurance. sectors.

Emiratization

FEI’s training courses are designed to keep up with the dynamic jobs and skills requirements in the financial sector. CEO Noura Alblooshi saying,

“following the wise directives of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, President of the Presidential Court and Chairman of the Board of Directors of the Central Bank of the United Arab Emirates, and under the supervision of Khaled Mohammed Al-Amaa , Governor of the Central Bank of the United Arab Emirates and Chairman of the Board of Directors of the Emirates Institute of Finance, our goal is to contribute to the country’s goal of Emiratization. At EIF, we consider it of great importance to empower young Emiratis, providing them with high-level educational training to be competent financial leaders. “Our goal is to build a diversified and innovation-based economy to achieve sustainable development and prosperity for future generations, aligning with the UAE Vision 2030.”

alblooshi aggregate,

“At EIF we are interested in keeping pace with global developments in the banking and finance sectors by providing training programs that maintain high quality and follow international standards. The EIF aims to enhance the skills of young Emiratis in financial innovation, technology and risk management. It also trains future leaders to face challenges and, consequently, take the sector towards new horizons of excellence.”

FEIThe Emiratization initiatives of the Emirates play a vital role in providing a comprehensive educational experience that enhances the skills of young Emiratis. Souad Youssef, a graduate of the Ethraa program, who works at Citi Bank, said

“I extend my gratitude to His Highness Sheikh Mansour bin Zayed Al Nahyan and Khalid Mohammed Al Amma, Governor of the Central Bank of the United Arab Emirates, for the Ethraa Programme, as it improved my basic skills to achieve success in banking and finance. I strongly recommend experts in this multifaceted sector to join the program to develop the skills necessary to face the constant economic transformations.”

Ali Al Nuaimi of Sharjah Islamic Bank said:

“I am very happy to have joined the Ethraa program. It gave us the opportunity to understand the basics of banking and obtain international certificates that will be of great help to us now and in the future.”

Saleh Ali Dawoud of Dubai Islamic Bank believes:

“The Ethraa program was a turning point in my professional career. From a technical point of view, it contained a wealth of theoretical information within the field of information security, such as application security, compliance, and data governance. The practical implementation made me consolidate the information I had acquired in a way that suits the nature of the banking and financial sector.”

Strategic alliances are considered one of the pillars of the success of FEI, since it managed to establish more than 35 strategic alliances with prominent local and international entities. These partnerships contribute to enhancing the Institute’s educational and training capabilities and expanding the scope of its programs to include various aspects of the banking and financial sectors. Among these entities is the association with Ministry of Human Resources and Emiratization, Department of Finance, Executive Office of Anti-Money Laundering and Terrorist Financing, Office of Scholarships, NAFIS, Department of Human Resources in Sharjah, Harvard University, Columbia University, Wiley Edge Company, Massachusetts Institute of Technology, British Institute of Banking and Finance, CyberGate, Cisco and other leading entities that share their experience.

News source: Emirates News Agency