Emirates Institute of Finance signs 4 MoUs to enhance national workforce competencies

Abu dhabi: The Emirates Institute of Finance (EIF) today signed four strategic Memorandums of Understanding with several leading government entities to elevate the competencies of the national workforce across various sectors and solidify EIF's position as a leading centre for training and development in the financial and banking sector. The signing ceremony was held in EIF's campus in Abu Dhabi in the presence of Abdullah bin Sultan bin Awad Al Nuaimi, Minister of Justice, Khaled Mohamed Balama, Governor of the Central Bank of the UAE and Chairman of the Board of Directors of the EIF. The MoUs were signed with the Judicial Training Institute - Ministry of Justice, the Federal Tax Authority, the Abu Dhabi Housing Authority, and Al Etihad Credit Bureau. Noura Alblooshi, General Manager of EIF, noted that these agreements are aligned with the institute's ongoing efforts to raise the skill levels of the national workforce and prepare them for the demands of the labour market. She added that these partnerships would improve the proficiency of workers in the targeted sectors, boosting their competitiveness both locally and internationally. Dr. Mohmmed Mahmoud Al Kamali, Director-General of Judicial Training Institute - Ministry of Justice, pointed out that legal professionals require specialised awareness in financial aspects, while financial experts equally need legal programs and the expertise of judicial authorities in areas related to their work. Based on this, joint programmes will be developed and implemented in accordance with the MoU, with teams from both sides coordinating and preparing for these initiatives. Khalid Ali Al Bustani, Director-General of the Federal Tax Authority, noted that the MoUs contribute to opening new opportunities for developing national talents to fill diverse roles in the tax sector and related fields. Additionally, it aims to raise awareness, instill a tax culture among professionals in the sector, increase understanding of the rights and obligations of all stakeholders, and ide ntify any challenges they may face to promptly address them. Hamad Hareb AlMuhairi, Director-General of Abu Dhabi Housing Authority, stated that this Memorandum reflects the authority's commitment to developing national human resources to enhance their competencies, develop their skills, and equip them with the necessary knowledge. Marwan Ahmed Lutfi, Director-General of Etihad Credit Bureau, highlighted, "This MoU builds on the strong foundations of our previous initiatives together, furthering our joint commitment to build national talent in the banking and financial sector. We anticipate this will lead to new avenues for collaboration - including learning and development, supporting recruitment and graduate training programmes." Source: Emirates News Agency