The Faculty of Business at the HCT-Al Ain Men’s campus (AAM) organized an educational trip for students to the Securities & Commodities Authority (SCA) and Dubai Financial Market (DFM) on November 7, 2018, with a two-fold purpose, being:
- To connect the students with the regulators and the necessary regulations in the financial industry, as well as the operations of stock markets
- To develop cooperation in academia and applied research
The delegation of 34 Business students was led by Dr. Nana Bonsu and accompanied by Dr. Sonia Abdennadher and Dr. Mariam Aldhaheri
Dr. Ali Abdouli, Head of Education and Awareness Division at SCA welcomed the HCT students. Ms. Soha Ragab lectured the delegation about the SCA and its supervisory role in overseeing the Financial and Commodity Market in the UAE, including Dubai Financial Market (DFM), Abu Dhabi Securities Market (ADX) and Dubai Gold and Commodities Exchange (DGCX).
She also discussed the financial market general overview, UAE financial market specifications and the SCA’s roles, regulation and priorities. She also explained the types of securities and how to invest in the securities and commodities market.
During the visit, the HCT delegation and the SCA highlighted the importance of strengthening mutual cooperation to ensure continuous success and to achieve the desired development. The parties also discussed a number of topics, particularly in the field of research applications.
There was a Q&A period in which the AAM students demonstrated their knowledge and critical thinking abilities of the contemporary occurrences in the financial market globally. Additionally, a schedule officer from the SCA human resources department met the students and explained the job market needs in this field with an insight into acceptable CVs and job interviews.
The meeting was concluded by a short presentation about the CISI professional certifications offered and required by SCA.
On behalf of HCT and AAM Dr. Mariam and Dr. Sonia thanked SCA for the opportunity offered to the students to strengthen their understanding of the applicability of financial models and theories to the real-world business practices. The possibility of institutional research collaboration was highly welcomed by the SCA team and will be discussed in further meetings.