Emirates NBD signs partnership agreement with Higher Colleges of Technology for Emiratisation drive

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Emirates NBD is the first national bank to join the HCT Foundation.

The MoU was signed in Dubai at the Financial Services Conference 2008, by HE Sheikh Nahayan Mabarak Al Nahayan, Minister of Higher Education and Scientific Research, and Ahmed Humaid Al Tayer, Chairman, Emirates NBD.

Through the MoU, students of HCT, the largest educational institution in the UAE, will be given opportunities to develop skills and careers.

'Emirates NBD is committed to harnessing local talent and Emiratisation is an integral part of our long-term strategy for the UAE,' said Ahmed Humaid Al Tayer, Chairman, Emirates NBD.

'Our partnership with HCT supports the bank's aim to develop human resources in the UAE and create a dynamic national workforce.'

Under the MoU, Emirates NBD will provide scholarships for ten young UAE nationals to pursue their studies at HCT. Further, Emirates NBD will also provide a monthly stipend for up to twenty students. HCT students will undertake a range of initiatives including: specialised seminars and training programmes relevant to the growing business in UAE.

In addition, banking support will be provided to selected entrepreneurial business ventures initiated by HCT students or graduates.

'HCT has a mandate to develop the national workforce and introduce innovative technologies to the UAE and GCC region,' stated Tayeb Kamali, Vice Chancellor, Higher Colleges Technology.

'We believe this MoU will provide our students with a solid platform from which to launch successful careers in banking and to potentially build their own businesses.'

The agreement with HCT is the latest in a series of steps Emirates NBD has taken to provide employment and training opportunities to UAE nationals.