Financial News
For a Sustainable Future: Dubai Islamic Bank Empowers Youth Financial Literacy
Dubai Islamic Bank (DIB) is taking significant strides in nurturing the financial literacy of the youth through its innovative Youth Financial Empowerment Forum, a pioneering financial literary endeavor by DIB to provide the youth with valuable information and resources to help them become more financially empowered.
DIB’s commitment to empowering the youth in the field of finance is underscored by this groundbreaking event, which is the first of its kind. The bank has a rich history of working in collaboration with organizations that share its vision for youth development. Over the past two campaigns with KFI Global, DIB has collaborated with approximately 50 schools, impacting up to 4,000 students positively. This initiative is designed to enhance financial literacy and equip young individuals with the knowledge and tools for financial success.
Dr. Adnan Chilwan, Group Chief Executive Officer at DIB, said: “The Youth Financial Empowerment Forum marks a significant stride in Dubai Islamic Bank’s commitment to youth empowerment, emphasizing our focus on sustainability. This forum brings together educational institutions, students, and DIB’s bank executive leadership to highlight the importance of financial wellness and strategic empowerment for young individuals. The positive transformations and feedback we have witnessed reinforce our substantial investment in advancing this financial literacy initiative, as we strive to shape a prosperous and sustainable future.
The forum also allows us to acknowledge and honor the educational institutions that have been key to our successful financial literacy campaigns, underscoring our dedication to investing in future generations.
“In alignment with the UAE’s strategic vision, we consider financial literacy to be a fundamental skill in today’s fast-paced global economy, critical not only for individual capability but for ensuring a sustainable future. We are committed to providing young people with the necessary financial knowledge and skills to manage their finances effectively, equipping them to meet future challenges with confidence.”
Held at Mohammed Bin Rashid Library, the event was attended by 17 schools and approximately 100 students, deans and academic leaders, where few have shared their experiences from the past campaigns and their most valuable takeaways. By nurturing the potential of the next generation, DIB aligns with the UAE’s commitment to fostering youth development.
Financial
Fujairah Digital Government and Torry Harris Business Solutions sign MoU to support digital transformation initiatives
Torry Harris Business Solutions Private Limited (THBS) signed a Memorandum of Understanding (MoU) with Fujairah Digital Government to accelerate the Emirate’s digital transformation efforts. This agreement underscores the collaboration in digital transformation in Fujairah, leveraging the latest technologies and innovations in alignment with the emirate’s vision to enhance government services and better serve its citizens.
The MoU was officially signed by Sheikh Engineer Mohammed bin Hamad bin Saif Al Sharqi, Director General of Fujairah Digital Government, and Shivdayal Charan, Director and Legal Representative of Torry Harris Business Solutions, in a move to foster collaboration and knowledge exchange in digital governance and best practices, aligning with the UAE’s vision to become a global leader in delivering digital government services.
Rabih Nasr, Vice President of Torry Harris Business Solutions in the Middle East, expressed his enthusiasm for the partnership, stating: “We are honored to work alongside Fujairah Digital Government to achieve their strategic goals of enhancing digital services and citizen engagement. This MoU reflects our long-standing commitment to the UAE, where we have been operating since 2002, and demonstrates our shared vision of empowering government entities to better serve their citizens through integrated and seamless digital platforms.”
Financial
UBS Bank Triumphs Prestigious ‘Ultimate Battle of the Banks’ Golf Cup
Integrator Media conceived, planned and executed the prestigious ‘Ultimate Battle of the Banks’ second edition along with OMA Emirates Group LLC at the iconic Faldo Golf Course, Emirates Golf Club in Dubai on 20th November. The event set a new standard for industry events, blending competitive golf with exceptional networking.
The tournament, held in the engaging 2-man Texas scramble format, witnessed a fantastic turnout of over 90 players from 25 banks, representing the top tiers of the region’s banking and finance sector. Taraf Holding proudly served as the esteemed Gold Sponsor of the event, with HPE Aruba and AGMC – BMW as the Associate Sponsor.
Participants included prominent names such as ADCB, Network International, AGMC, NomuPay, Bank of Singapore, Barclays Bank PLC, RAK Bank, Citibank NA, Standard Chartered Bank, Deutsche Bank, The Integrator, Ebury, The Saudi National Bank, ENBD, UBP, First Abu Dhabi Bank, UBS Bank, Mashreq Bank, and many more.
The day concluded with a spectacular Gala Dinner, where senior banking professionals gathered for the prize distribution ceremony. The elegant ambiance provided the perfect setting for fostering meaningful industry connections and strategic collaborations.
Speaking at the event, Mr Niranj Sangal, Group CEO of OMA Emirates (Dubai) U.A.E, remarked:
“The ‘Ultimate Battle of the Banks’ truly reflects our unwavering commitment to fostering collaboration and strengthening bonds within the banking and finance industry. By creating this vibrant platform, we have inspired passionate competition, cultivated impactful relationships, and driven innovation to new heights.”
The evening culminated in a thrilling awards ceremony, celebrating golfing excellence. UBS Bank claimed victory in the banking division with an impressive winning score of 8 under par, while Mashreq Bank secured the runner-up position followed by Network International at third position.
Mr. Ashok Sindhu of UBS Bank expressed his enthusiasm, saying: “It was fantastic to meet and compete with our peers in the banking community. The camaraderie among golfers was unmatched, and though it was a tight finish, it felt incredible to come out on top. We’re already looking forward to the next edition!” The Ultimate Battle of the Banks has set a new benchmark for industry events, blending spirited sporty competition with unparalleled networking opportunities. By transcending traditional corporate gatherings, the tournament provided a unique space for industry leaders to forge meaningful partnerships while engaging in a shared passion for golf.
Financial
UBS Bank Triumphs Prestigious ‘Ultimate Battle of the Banks’ Golf Cup
Integrator Media conceived, planned and executed the prestigious ‘Ultimate Battle of the Banks’ second edition along with OMA Emirates Group LLC at the iconic Faldo Golf Course, Emirates Golf Club in Dubai on 20th November. The event set a new standard for industry events, blending competitive golf with exceptional networking.
The tournament, held in the engaging 2-man Texas scramble format, witnessed a fantastic turnout of over 90 players from 25 banks, representing the top tiers of the region’s banking and finance sector. Taraf Holding proudly served as the esteemed Gold Sponsor of the event, with HPE Aruba and AGMC – BMW as the Associate Sponsor.
Participants included prominent names such as ADCB, Network International, AGMC, NomuPay, Bank of Singapore, Barclays Bank PLC, RAK Bank, Citibank NA, Standard Chartered Bank, Deutsche Bank, The Integrator, Ebury, The Saudi National Bank, ENBD, UBP, First Abu Dhabi Bank, UBS Bank, Mashreq Bank, and many more.
The day concluded with a spectacular Gala Dinner, where senior banking professionals gathered for the prize distribution ceremony. The elegant ambiance provided the perfect setting for fostering meaningful industry connections and strategic collaborations.
Speaking at the event, Mr Niranj Sangal, Group CEO of OMA Emirates (Dubai) U.A.E, remarked: “The ‘Ultimate Battle of the Banks’ truly reflects our unwavering commitment to fostering collaboration and strengthening bonds within the banking and finance industry. By creating this vibrant platform, we have inspired passionate competition, cultivated impactful relationships, and driven innovation to new heights.”
The evening culminated in a thrilling awards ceremony, celebrating golfing excellence. UBS Bank claimed victory in the banking division with an impressive winning score of 8 under par, while Mashreq Bank secured the runner-up position followed by Network International at third position. Mr. Ashok Sindhu of UBS Bank expressed his enthusiasm, saying: “It was fantastic to meet and compete with our peers in the banking community. The camaraderie among golfers was unmatched, and though it was a tight finish, it felt incredible to come out on top. We’re already looking forward to the next edition!”
The Ultimate Battle of the Banks has set a new benchmark for industry events, blending spirited sporty competition with unparalleled networking opportunities. By transcending traditional corporate gatherings, the tournament provided a unique space for industry leaders to forge meaningful partnerships while engaging in a shared passion for golf.
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