22 August 2024, Dubai
The Chartered Institute of Personnel and Development (CIPD), a leading professional organization in HR and people development, and The Emirates Institute for Finance (EIF) have signed a strategic MoU to augment both financial training and HR practices. This partnership supports the objectives of the Emiratization of the financial sector programme “Ethraa”, inaugurated in 2022 under the directives of H.H Sheikh Mansour bin Zayed Al Nahyan, UAE Vice President, Deputy Prime Minister, Minister of the Presidential Court, and Chairman of the Board of Directors of the Central Bank of the UAE.
“Ethraa” is dedicated to cultivating a new generation of national financial experts. The EIF is instrumental in realizing this goal, emphasizing the training and development of the nation’s top talent. By 2026, the “Ethraa” programme intends to achieve its goal by creating 5,000 job opportunities for Emiratis.
This collaboration will revolve around several pivotal axes. Foremost is the co-development of programs bespoke to the financial services industry’s unique needs, with an emphasis on Human Resources, Leadership trainings, and other areas of mutual interest. Additionally, the partnership will breathe life into the Harnessing Human Capital (HHM) project, focusing on top-tier training and certifications. The collaboration also forecasts the introduction of specialized certificate courses in accounting and finance. Beyond this, the partnership will expand its wings into arenas like consumer education, research, awareness campaigns, workshops, and other events.
Commenting on this partnership, Stuart Dunlop, Regional Director, CIPD said, “The partnership between CIPD and EIF underscores our shared commitment to advancing HR practices and financial training in the UAE, directly supporting the ‘Ethraa’ programme’s mission to empower Emirati professionals and strengthen the nation’s financial sector”.
This joint venture between EIF and CIPD demonstrates a shared ambition to empower Emirati professionals, equipping them with the skills and knowledge needed for the modern financial scene. Both institutions are committed to sculpting a resilient financial sector in the UAE, buttressed by skilled nationals at its core.
About the CIPD
The CIPD has been championing better work and working lives for over 100 years. It helps organisations thrive by focusing on their people to build stronger economies and societies. It’s the professional body for HR, L&D, OD, and all people professionals – experts in people, work and change. With almost 160,000 members globally – and a growing community using its research, insights, and learning – it gives trusted advice and offers independent thought leadership. It’s a leading voice in the call for good work that creates value for everyone. www.cipd.org/ae
About EIF
The Emirates Institute of Finance (EIF) was founded in 1983. As a leading training center in the MENA and GCC regions, it offers world-class training and allied services in the critical areas of banking and finance. Based in the UAE, EIF currently has three campuses for education and training services located in Sharjah, Abu Dhabi and Dubai. The Institute has made substantial contributions to the careers of thousands of students and working professionals in the financial services sector. EIF is also a strong supporter of Emiratization and has launched various initiatives that have greatly helped to promote the careers of Emiratis. All academic programs offered by EIF are accredited by the Commission for Academic Accreditation (CAA), Ministry of Higher Education and Scientific Research. Students who have successfully completed these programs have found productive employment at various levels in banks and financial institutions in the UAE and around the world.