DFM concludes fifth Summer Training Programme for UAE nationals

The program commenced on June 29 and closed on August 17, 2008, with 21 participants.

The annual seven week programme is designed to provide a comprehensive overview of the functions of the stock market and its subsidiaries, as well as the importance of getting companies, bonds and other securities listed on the exchange and the immense contribution of DFM to the UAE's economy.

Students will also be shown how to write financial reports, enabling them to put into writing lessons learned from their time in the programme.

The programme includes visits to the exchange itself and other educational field trips between classes.

Tayeba AbdulMannan Kabital, Human Resources Section Manager, said:

"The summer training programme provides a unique opportunity for UAE nationals studying at the graduate and post-graduate level to gain knowledge of the day-to-day operations of DFM. We have made an effort to make the experience as hands-on as possible with site visits for the students to all of the exchange's various departments including the depositary, the clearing and settlement department and investor relationship department. Students also get to speak to the exchange's brokers, who in many ways are the lifeblood of DFM."

"The aim of the Summer Training Programme is to develop the human capital of DFM through special training courses that will enhance future employees' understanding of stock markets and enlighten them about developments in the world of business. Programmes such as this also encourage healthy competition between the participants to strive to get jobs DFM creates every year for the most talented and hardworking students," he added

During the programme's seven week duration, students experienced an innovative mixture of lectures and direct interaction with brokerage companies and government institutions that work closely with DFM.

Participants of the programme also received a monetary stipend at the conclusion of each month of training, and were presented with a special certificate and financial rewards at the end of programme.