Complex Made Simple

HCT’s Business Faculty wins accolade for Emiratization initiatives at 2014 ICAEW Middle East Excellence Awards

The Higher Colleges of Technology’s (HCT) Faculty of Business has won the award for Excellence in Development of Country’s Future Business Leaders at the fourth annual ICAEW Middle East Accountancy & Finance Excellence Awards 2014.

The awards ceremony took place last week at the Jumeirah Beach Hotel in Dubai under the patronage of HE Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture, Youth and Community Development for UAE, where accolades were awarded in 11 categories.

Organised by the Institute of Chartered Accountants in England and Wales (ICAEW) with platinum sponsor Commercial Bank of Dubai, the gala event is the only dedicated awards programme for accountancy and finance professionals in the region.

As part of the judging process for the Excellence Award the HCT’s Faculty of Business was required to provide detailed submissions to the following criteria:
•Vision for the development of UAE Nationals and strategy created to support this initiative by the nominee
•Policies, programmes and procedures developed by the nominee to achieve their commitment to the development of Nationals
•Success in the recruitment, training and development of Nationals to enhance their vocational and technical skills and facilitate continued personal development and career advancement by the nominee

As a result of its 30-page submission the HCT’s Faculty of Business was recognised for its proactive leadership in advancing HCT’s Emiratisation policies.

Dr Ayesha Abdullah, HCT’s Executive Dean of the Faculty of Business who accepted the award, said: “The award was a reflection of HCT’s industry-relevant and employment-focused business courses which promote its Emiratization initiatives.” “The award reflects HCT’s emphasis on practical and experiential teaching and learning, where our students learn through career-oriented programmes which meet the specific needs of local industry, whilst providing the highest quality education opportunities for these future business leaders of our nation so that they can become valuable members of their communities,” Dr Abdullah added.

“The HCT provides hands-on, workplace relevant and practical learning opportunities for its students, enabling our students to utilise the skills and knowledge they gain from their courses in a practical approach to their education,” she added. “This award shows that HCT is succeeding in its mission to produce Emirati graduates who possess the necessary job-ready skills to succeed in the workplace, thus adding to the development of a UAE National workforce,” Dr Abdullah said.

Commenting on the awards, Michael Armstrong FCA, ICAEW Regional Director for the Middle East, Africa and South Asia (MEASA), said: “A solid accountancy profession is fundamental to the economic success of every nation. While talented finance professionals play a vital role in the success of businesses, their hard work can sometimes be overlooked. It gives us great pleasure to celebrate the region’s best talent in the accountancy and finance profession who demonstrate the highest professional and ethical standards.”

The distinguished award winners were selected by a judging panel chaired by Edward Quinlan, retired EY UAE Country Partner and comprising nine of the region’s most respected industry professionals.

The judges were Mark Beer, OBE, Registrar at DIFC Courts and Former CEO & Chairman of the British Business Group for Dubai & Northern Emirates; Steven Ralls, Senior Principal, Financial Audit & Examination, Abu Dhabi Accountability Authority; Matthew Gribble, Senior Managing Director, Middle East & Africa, PageGroup; Umar Saleem, CFO, DEPA; Dr Hadi Shahid, Founder and Managing Partner of Alliott Hadi Shahid; Bashir Siman, UKTI Special Representative to the UAE for Financial Services; Surya Subramanian, Group CFO, Emirates NBD; Dr Jeannette Vinke, Senior Lecturer at the American University of Sharjah and advisory board member of ICAEW Middle East’s Members Advisory Board; and Stephen Williams, CFO, Gulf International Bank.