Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday inaugurated the new building of Emirates College for Financial Sciences (ECFS) located at Dubai Academic City.
Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Dubai Crown Prince, and Shaikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, Deputy Ruler of Dubai, were present.
Shaikh Mohammad unveiled the plaque of the new building, which was completed at a cost of Dh150 million, marking its inauguration. He launched the new identity of the college, previously known as the Emirates Institute for Banking and Financial Studies. Shaikh Mohammad then honoured the previous chairmen of the college’s board.
The honourees included the late Abdul Malik Al Hamar. Sultan Bin Nasser Al Suwaidi, Governor of the UAE Central Bank, Abdullah Ahmad Al Ghurair, Fadel Saeed Al Darmaki, Ahmad Humaid Al Tayer, and Mohammad Mosbeh Al Nuaimi.
Shaikh Mohammad also honoured Yousuf Eisa Al Saberi and Humaid Mohammad Obaid Al Qutami, Minister of Education, who previously served as director-generals of the institute.
He also honoured Emirati Chief Executives of banks in the UAE; Abdul Aziz Al Ghurair, Jamal Bin Galita, Hussain Dhaen Al Qamzi, Mohammad Ahmad Abdullah, Faisal Galadari, Abdul Fattah Sharaf, Mohammad Al Amiri, and Alaa Eraiqat.
Shaikh Mohammad then watched a documentary about the college, which was first established in 1983. Since its establishment, the institute has trained a total of 90,000 students, out of which 35,000 are Emiratis.
Shaikh Mohammad expressed his happiness at inaugurating the new building of the college, which trains Emirati youth in banking -related studies, serving the job market’s need for qualified and capable national cadres.
Shaikh Mohammad said that despite the fact that the UAE possesses the strongest and most diverse banking sector, its aspirations are global and focused on making the UAE in general and Dubai in particular, an economic capital that serves more than 1.5 billion people.
He expressed his confidence in the country’s banking sector and its ability to back the national economy. He described the sector as a key foundation for the national economy and its development.
Shaikh Mohammad called on increasing emiratisation rates in UAE banks, and providing them with suitable and encouraging opportunities to enrol in ECFS.
He then took a commemorative photo with the college’s board of directors and staff.
The ceremony was attended by Mohammad Abdullah Al Gergawi, Minister of Cabinet Affairs, and other senior officials from financial and commercial departments.