EIBFS reinforces support for UAE’s Emiratization initiative with roll out of 480 training programs in 2013

    Institute’s ‘Annual Training Plan’ to include e-learning and leadership development programs
      2013 will witness official launch of Dubai Academic City Campus
UAE, Dubai, December 10th, 2012 – The Emirates Institute for Banking and Financial Studies (EIBFS), the sole provider of specialized knowledge and enhanced learning experiences for the UAE banking and financial sector, has announced details for its ‘Annual Training Plan’ for 2013, during a press conference held today (Monday, December 10th) at the EIBFS campus in Sharjah. The ‘Annual Training Plan’ includes the addition of 14 new program offerings to the institute’s 480 offered courses, which have been designed to comply with training requirements presented by UAE-based banks while also targeting newly graduated UAE Nationals. The 2013 plan shows an 18.5 per cent increase in the number of training programs as compared to 2012.

According to EIBFS, the creation of the new ‘Annual Training Plan’ was based on several key objectives, which include the move to elevate the performance of employees in the banking and finance segment, particularly workers in middle and upper management positions; to provide further support and help in the move to promote human resource development trends and to support the country’s bid towards Emiratization. A major factor considered in developing the program is the opening of the new EIBFS campus in Dubai Academic City, which is strategically located within a large gathering of banking and financial institutes. In addition, the plan is also the result of a review and evaluation made on the previous year’s program. In a bid to create a plan that could meet current training demands, the institute conducted a series of meetings with training managers and HR directors from banks across the UAE.
155 training programs, representing 32.3 per cent of the 2013 ‘Annual Training Plan,’ will be offered at the new Dubai Academic City campus; 18 training programs will be offered in the Al Ain campus; 14 training programs will be offered in the Fujairah campus and three pioneering programs in the Ras Al Khaimah campus. One of the highlights of the new ‘Annual Training Plan’ is the opening of 65 e-training programs.
“We are very confident that the 2013 ‘Annual Training Plan’ will play a significant role in the efforts to raise the level of national employment in the UAE banking and finance segment. The success that we are expecting to achieve for this new series of remarkable course offerings will rely heavily on the support and collaboration of all officials, industry players and the technical and administrative departments of EIBFS,” said Jamal Al Jasmi, General Manager, EIBFS. “We would like to express our sincere gratitude to the officials, trainers and HR personnel who have helped in providing us input and feedback—giving us a better understanding of the country’s current training requirements for banking and finance.”
EIBFS will also be launching new professional certification programs in partnership with several international banking institutions. These new course offerings are being positioned to act as a catalyst for undergraduates and job seekers wishing to embark on a career in banking. Some of these programmes include Credit Card Management (CCM) – Certification with Hong Kong Institute of Bankers (HKIB); Certified Documentary Credit Specialist (CDCS) – Certification with the British Institute of Financial Services; ACCA Certification with the Association of Chartered Certified Accountants and many more.
“2012 was a good year for us as we have witnessed a dramatic improvement in our offered financial diploma and Baccalaureate programs. This strong positive response has led us to the creation of a Master’s Program in Banking, which has been designed based on criteria set by the UAE Ministry of Higher Education and Scientific Research. This new program will be offered in collaboration with some of the world’s leading educational institutions. We will be announcing this new Master’s program once it gets approved by the Ministry,” concluded Al Jasmi.
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About the Emirates Institute for Banking and Financial Studies (EIBFS)
The Emirates Institute for Banking and Financial Studies (EIBFS) is the UAE’s sole provider of specialized knowledge and enhanced learning experiences for the local banking and finance sector. Established in 1983, the institution offers a wide range of both training and academic programs that have been developed to meet the needs of the country’s banking, insurance and finance sectors. Bolstered by its vision to become a leading institution that provides world-class education and training in banking and finance at local, regional and international levels, EIBFS has also forged strategic partnership with leading international institutions abroad. With campuses located in Sharjah, Dubai and Abu Dhabi, the institution continues to remain true to its three-fold objective of raising the standard of performance of the banking workforce; qualify UAE nationals for successful careers in the industry and strengthen the country’s pool of skilled nationals.    

Dubai Judicial Institute hosts Anti-Money Laundering training session in collaboration with US Embassy

Event serves as testament to the international community’s confidence in Institute’s role as a regional hub for legal and judicial excellence
UAE, Dubai, April 22nd, 2012 – Dubai Judicial Institute (DJI), a leading centre for legal studies and judicial training in Dubai and a member of the General Network for Government Communication, has launched today (Sunday, April 22, 2012) an Anti-Money Laundering (AML) training session for senior Pakistani government officials, under the supervision of leading professionals and experts from the UAE, US and Pakistan.

The five-day training session is a testament to the international community’s confidence in DJI’s role as a regional and international hub for legal and judicial excellence. It further demonstrates the solid relation between DJI and the US Embassy, reaffirming their joint efforts to create channels for sharing knowledge, expertise and best international practices.

The AML training session attracted 30 participants from the government of Pakistan, including representatives from the Ministry of Finance, Central Bank, Parliament, National Accountability Bureau, Anti Narcotics Force, Public Prosecution and many more, to look into various international standards, assess the existing practices and exchange experiences in dealing with money laundering. Hosting the AML training session underlines the UAE’s status as a leading hub for legal, humanitarian, social, development, cultural, economic and investment affairs.
“Held in collaboration with the US Embassy, the AML training session is very important as it acts as an interactive platform to look into local and international experiences and discuss the AML system application challenges,” said Dr. JamalHussein Al Sumaiti, Director General of Dubai Judicial Institute. “The session also investigates current developments in the field of anti-money laundering, with a focus on top international practices and standards to reduce such a menace that has made a negative impact on the global economy. DJI is committed to organizing purpose-built initiatives that support our vision towards best judicial practices, transparency and an improved judicial system for the UAE’s legal and judicial community, in line with the vision of H.H. Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, and H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai.”
Dr. Al Sumaiti added that money laundering has become a worldwide threat that requires joint efforts to establish standardized measures for accountability, pointing out the remarkable progress achieved by the UAE in reporting suspicious transactions with the newly issued AML law and tight restrictions on money transfer activities. He emphasized the importance of intensifying efforts to curb money laundering and ultimately reduce crimes.
“Being chosen by the US Embassy to host the joint AML training session reflects the UAE’s position in the world’s political and diplomatic landscape, while consolidating the growing confidence in DJI’s leading role to provide vocational courses and ongoing training programs in the region under the highest standards of quality and integrity, as well as to promote legal research and cultivate a judicial culture in the society. Through this session, we look forward to inform the participants from the Pakistani government about the UAE’s experience in its fight against money laundering and promote security and safety across financial and banking systems. We certainly hope to see more of these initiatives in the region to strengthen our presence around the world and to also support the comprehensive development initiatives of the UAE,” he concluded.
The Dubai Judicial Institute was established in 1996 to help educate and train aspiring judges, prosecutors and their assistants, legal experts and lawyers. DJI also offers habilitation programs for public prosecutors to enhance their efficiency. The Institute provides training and consultancy services to various public and private sector agencies and institutions and conducts local, regional and global research and studies on all areas of law and jurisdiction.
For more information about DJI, you can visit www.facebook.com/dubaijudicial, www.twitter.com/dubaijudicial. Video clips about DJI are also available on www.youtube.com/dubaijudicial.

Advanced Financial Statement Analysis Training: Kempinski Hotel, Mall of the Emirates

UAE, Dubai, July 18th, 2012 – As the global economy continues to pass through a period of uncertainty, the ability of finance professionals to effectively analyse financial statements and make decisions based on this analysis is increasingly important. Assessing the financial health of a company can be a complex task and a simplistic approach to financial analysis can potentially lead to misleading (and costly) decisions.
This course will provide you with the necessary analytical framework and a wide array of practical tools to help you understand and exploit information in financial statements. You will be shown how to examine the many valuable and relevant pieces that make up a financial statement. Application of advanced techniques will enable you to gain more information out of financial statements, allowing you to better assess a company’s profitability and risk and to make more accurate valuations.

Various approaches to investment analysis and valuation will be explored. You will also delve into specific decisions such as mergers & acquisitions, divestitures, investments and trading that managers face in their organisations.

It is essential for all those who have to read, understand and analyse financial statements. The tools and techniques you will gain from this highly informative course will be easily transferable to the workplace, enhanced through a combination of interactive case studies, exercises and examples.
Learning Objectives:
* Focus on the assessment of business performance through the analysis of financial statements as well as the valuation of off-balance sheet obligations and commitments i.e. documentary credits and derivatives

* Understand the different approaches for pricing a company’s fair value for a variety of purposes, i.e. mergers & acquisitions, divestitures, investments and trading

* Analyse the different problems and risk variables that a company might encounter via the proper analysis of its financial statements

* Detect the weak spots in a company’s performance and eventually assist bank executives to cross sell their different products in asset liability management, risk management, etc

Who Should Attend This Course?

This course will specifically benefit those working in finance and accounts departments or involved with credit and business analysis, investment management and financial decision makers in major corporations, banks and other financial institutions.

Advanced Financial Statement Analysis | Kempinski Hotel, Mall of the Emirates, Dubai | July 15 – 18, 2012 | Dubai Events: Training:

Event Name: Advanced Financial Statement Analysis

Event Category: Training

Date: July 15 – 18, 2012

Venue: Kempinski Hotel, Mall of the Emirates, Dubai, United Arab Emirates.
Details:

Advanced Financial Statement Analysis
General Enquiry:

Janet D’Souza

Tel: +971 4 335 2437

Fax: +971 4 335 2438
http://www.iirme.com/finstatement

Venue Contact:

Kempinski Hotel Mall of the Emirates

Sheikh Zayed Road, Al Barsha

Dubai, United Arab Emirates.

Tel: +971 4 341 0000

Fax: +971 4 409 5013
http://www.kempinski.com/en/dubai/Pages/Welcome.aspx
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