Dubai: Al Maryah Community Bank (Mbank), a leading digital bank in the United Arab Emirates signed a Memorandum of Understanding with the American University in the Emirates (AUE) to offer academic and executive development programs to university students, a media release said. According to the release, this strategic partnership falls in line with the government of Dubai’s vision of developing the scope of cooperation with universities and leading educational institutions to help UAE government employees acquire the necessary academic degrees, professional skills, and competencies to improve their performance.
The partnership seeks to establish a collaboration whereby Mbank will present young undergraduates and graduates from AUE the opportunity to enrol in academic and executive development programs that fit the requirements of Dubai’s economy and benefit the UAE at large. Moreover, Mbank will offer AUE students the possibility to join internships, ensure job placements, and participate in consultancy projects and joint research to further enhance their employability skills.
The American University in the Emirates will be offering partial scholarships and grants discounts on tuition fees to Mbank employees interested in pursuing postgraduate educational programs, on the condition of meeting the admission requirements and the criteria of maintaining the grant.
Prof. Muthanna G. Abdul Razzaq, President and CEO of the American University in the Emirates said, "At the American University in the Emirates, we are thrilled to have this strategic partnership with Mbank. This collaboration underscores our commitment to providing our students with exceptional educational experiences that extend beyond the classroom. By integrating our students into the innovative ecosystem of Mbank, we are not only enhancing their academic journey but also preparing them to excel in the dynamic landscape of the fintech sector. Our students will gain invaluable hands-on experience, bridging the gap between theoretical knowledge and real-world application. We are excited to see our students thrive as future leaders, equipped with the skills and opportunities to drive progress and innovation in the fintech industry."
Mohammed Wassim Khayata, Chief Executive Officer at Mbank said, “We are excited to embark on this journey with the American University in the Emirates, one of the preferred providers of educational programs in the UAE, as we offer comprehensive and innovative learning experiences to students and strengthen their preparedness for their future careers. We are happy to incorporate undergraduate students into the Mbank ecosystem whereby they are offered the opportunity to serve their internships and begin their professional journeys, experiencing how it feels like to be at the most innovative leading digital bank in the UAE”.
“We are happy to equip our future generation with the necessary skillsets and support them with the appropriate opportunities to achieve progress, and we are looking forward to shaping them into our next pioneering leaders who will be taking the fintech industry to the next level,” he added.
