UAE nationals bank on diploma deal

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HSBC, NIVE and KHDA executives signing the deal.

HSBC and the National Institute for Vocational Education (NIVE) have signed a deal giving 100 Emirati students the opportunity to study for a national diploma in banking and finance.

The six-week programme will combine academic work with work placement periods in branches of HSBC throughout the UAE, and will take place in the summer of 2009. In the second year of the diploma, work placement days will be staggered throughout the year.

HSBC has given AED8 million (US$2.1 million) towards the initiative, which will pay for students' full tuition fees and provide them with a stipend while they are studying. Edexcel, a provider of internationally recognised qualifications, will award them with certified degrees on graduation.

"Emiratisation has been one of our strategic objectives and continues to be at the top our agenda," said Ammar Shams, HR manager for HSBC Middle East.

NIVE executive director Dr Naji Al Mahdi said the agreement was in line with Dubai Strategic Plan 2015, adding that the diploma combined theory with international standards. "We invite all establishments to work with us towards achieving the sustainable human development required for the growth of Dubai."

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