DFM launches new training initiative

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Dubai Financial Market (DFM) launched today a new training programme that will last until the end of 2009.

The programme provides DFM’s staff with the development skills required to streamline operations, and to understand the technical aspects of a financial market. The main objective of this programme is to develop DFM’s human capital to ensure DFM remains one of the most progressive emerging stock markets worldwide.

The programme will provide staff with a thorough understanding of all the necessary aspects of trading, deposits, clearing and financial and equity settlement and increase their knowledge of the role of brokerage firms, as well as the importance of publicly owned companies to the financial markets and the day-to-day operations of financial markets.

Mrs. Tayeba Abdel Mannan, DFM Human Resources Manager, said: “The purpose of this programme is to enable our stock exchange to maintain its leadership position in innovation through a substantial investment in the skills of our human capital. With our employees’ knowledge enhanced through this initiative, the benefits to be reaped will be immense.”

She added: “A financial exchange requires the most highly qualified staff possible, specifically staff who understand all the technical aspects of a financial market. We are confident that this training programme will provide the necessary skills to all staff, particularly those just beginning their careers at DFM, with the tools necessary to reach the highest levels of management, and help to guide our financial market to the brightest future possible.”

This unique training scheme places employees into four different categories, with each assessing a staff member’s “key accountabilities.” At the conclusion of the training, employees will receive a Certificate of Honour for the category they participated in.

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About Dubai Financial Market

Dubai Financial Market (DFM) was established as a public institution having its own independent corporate body.

DFM operates as a secondary market for the trading of securities issued by public shareholding companies, bonds issued by the federal Government or any of the local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the market. The DFM commenced operations on March 26, 2000.

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