CIPD and EIF Join Forces to Empower Emirati Professionals in HR and Finance

The UAE's financial sector is poised for a significant boost thanks to a strategic collaboration between The Chartered Institute of Personnel and Development (CIPD) and The Emirates Institute for Finance (EIF). This partnership, announced in August 2024, aims to elevate both HR practices and financial training within the country, directly supporting the ambitious "Ethraa" program.

Empowering Emirati Talent Through "Ethraa"

Launched in 2022 under the leadership of H.H Sheikh Mansour bin Zayed Al Nahyan, "Ethraa" is a visionary initiative dedicated to nurturing a new generation of Emirati financial experts. The EIF plays a critical role in achieving this goal by providing top-tier training and development opportunities for the nation's brightest minds. The program aspires to create 5,000 job opportunities for Emiratis in the financial sector by 2026.

A Multi-Faceted Partnership

This collaboration promises to be a game-changer for the UAE's financial landscape. The core focus lies in co-developing specialized programs tailored specifically to the financial services industry. These programs will emphasize crucial areas like Human Resources, Leadership development, and other topics of mutual interest.

Harnessing Human Capital

The partnership breathes new life into the "Harnessing Human Capital" (HHM) project, which prioritizes top-tier training and certifications. Additionally, specialized certificate courses in accounting and finance are planned for rollout.

Beyond Training: Collaboration Extends

The reach of this collaboration extends beyond training programs. It encompasses consumer education initiatives, research projects, awareness campaigns, workshops, and other events designed to elevate the overall financial landscape in the UAE.

Shared Commitment: Building a Stronger Future

Commenting on the partnership, Stuart Dunlop, Regional Director of CIPD, emphasized the shared vision of both organizations: "This collaboration underscores our commitment to advancing HR practices and financial training in the UAE. It directly supports the 'Ethraa' program's mission to empower Emirati professionals and strengthen the nation's financial sector”, as reported by HR Revolution Middle East.

About the Key Players

The CIPD, with over a century of experience, boasts a remarkable legacy of championing better work and working lives. They equip organizations to thrive by placing people at the center of their strategies. As the leading voice in HR, Learning & Development, and Organizational Development, they offer invaluable resources and insights to a global community of professionals.

Established in 1983, the EIF has secured its position as a leading training center within the MENA and GCC regions. They provide world-class training and related services in the critical areas of banking and finance. Their commitment to Emiratization is evident in various initiatives designed to promote the careers of Emirati professionals.

This collaborative effort between CIPD and EIF signifies a promising leap forward in empowering Emirati talent and fostering a robust financial sector in the UAE.