Finance World Magazine| Edition: October 2024

In a significant move towards developing a highly
skilled workforce in the UAE’s rapidly evolving energy
sector, ENOC Group has entered into a strategic
partnership with the Emirates Institute of Finance (EIF).
This collaboration, announced on September 24, 2024, at
the 23rd edition of Ru’ya Careers UAE held at the Dubai
World Trade Centre, marks a crucial step in ENOC’s
commitment to employee development and the broader
goal of supporting the UAE’s knowledge-driven economy.
The Memorandum of Understanding (MoU) was signed
in the presence of key figures from both organizations,
including His Excellency Saif Humaid Al Falasi, Group
CEO of ENOC; H.E. Saif Al Dhaheri, Vice Chairman of
EIF and Assistant Governor for Banking Operations and
Support Services at the Central Bank of the U.A.E; H.E
Noura Alblooshi, General Manager of EIF; and Hesham
Ali Mustafa, Managing Director of Shared Services,
Group Human Resources & New Business Development
at ENOC Group.
His Excellency Saif Humaid Al Falasi, Group CEO of
ENOC, emphasized the importance of this partnership,
stating, “At ENOC, our employees are our most valuable
asset and investing in their development is fundamental
to our continued success.” He further highlighted the
strategic significance of the collaboration, noting that it
will provide ENOC employees with “unparalleled access
to world-class learning resources, empowering them to
enhance their skills and broaden their knowledge.”
The partnership between ENOC and EIF is designed
to address the evolving needs of the energy sector by
offering a comprehensive suite of training and development
opportunities. These include:
EIF Annual Training Plan (ATP): This program will
offer multiple public schedules and exclusive training
sessions covering the entire spectrum of the financial
domain. The courses will cater to all levels, from foundation
through to masterclass, ensuring that employees
at various stages of their careers can benefit from the
training.
EIF E-learning (Insight): ENOC employees will gain
access to 150 unique courses available for self-paced
learning. This platform operates 24/7, allowing flexible
learning schedules, and offers self-downloadable certificates
upon completion of courses.
EdX Platform: Through this global learning platform,
founded by Harvard and MIT, ENOC employees can
enhance their skills and productivity through scalable
professional development solutions from elite universities.
The platform offers live sessions, video lectures, assessments,
forums, and real-world applications, providing a
comprehensive learning experience.
Customized Training and Emiratisation Programs:
Recognizing the importance of supporting Emiratisation
goals, the partnership includes tailored programmes
designed to nurture and develop local talent in the
energy sector.
Professional Certifications: ENOC employees will
have the opportunity to pursue globally recognized professional
certifications, enhancing their career growth
prospects and adding value to the organization.
Industry-Specific Webinars: Complimentary webinars
led by sector experts will offer deep insights into
relevant topics, keeping ENOC employees abreast of the
latest trends and developments in the energy industry.
This comprehensive approach to employee development
reflects ENOC’s understanding of the key role that
talent plays in shaping the local economy. As a national
company, ENOC recognizes its responsibility in building
a future-ready Emirati workforce capable of driving innovation
and sustainability in the UAE’s energy sector.
The collaboration between ENOC and EIF is particularly
timely, given the rapid transformations occurring
in the global energy landscape. As the industry moves
towards more sustainable and innovative solutions,
having a workforce equipped with the latest knowledge
and skills becomes crucial. By investing in its human
capital, ENOC is not only enhancing its own operational
efficiency and competitive edge but also contributing to
the broader goals of the UAE’s energy sector. The impact
of this partnership is expected to extend beyond ENOC
and its employees. As the energy sector plays a crucial
role in the UAE’s economy, the enhancement of skills and
knowledge within ENOC will likely have ripple effects
across the industry. This could lead to increased innovation,
improved efficiencies, and a stronger position for
the UAE in the global energy market.
Furthermore, the focus on Emiratisation through
customized training programs demonstrates ENOC’s
commitment to developing local talent. This approach
not only supports national goals but also ensures a sustainable
pipeline of skilled Emirati professionals in the
energy sector, reducing reliance on expatriate expertise
over time.
As the energy sector continues to evolve, driven by
technological advancements and the global push towards
sustainability, initiatives like this partnership between
ENOC and EIF become increasingly vital. By fostering a
culture of continuous learning and development, ENOC
is preparing its workforce to meet the challenges of
tomorrow, ensuring that the company remains at the
forefront of innovation in the energy sector.
In conclusion, the strategic partnership between ENOC
Group and the Emirates Institute of Finance represents a
significant investment in the future of the UAE’s energy
sector. By equipping its workforce with essential technical
and practical capabilities, ENOC is not only enhancing
its own operational excellence but also contributing to
the broader goals of the UAE’s economic vision. As this
initiative unfolds, it will undoubtedly play a crucial role
in shaping a more sustainable and innovative energy
future for the UAE.
Oct 2024 www.thefinanceworld.com 31