Bangor University and the Emirates Institute of Banking and Financial Studies (EIBFS) sign a Memorandum of Understanding

A Memorandum of Understanding was signed between Bangor University and the Emirates Institute of Banking and Financial Studies (EIBFS) on 1 December 2014 in Bangor University’s Council Chamber.

L-R: Mr Al Jesmi, General Manager of EIBFS; Bangor University’s Vice-Chancellor, Prof. John G Hughes; Prof. John Thornton, Head of Bangor Business SchoolL-R: Mr Al Jesmi, General Manager of EIBFS; Bangor University’s Vice-Chancellor, Prof. John G Hughes; Prof. John Thornton, Head of Bangor Business School

Bangor Business School has always enjoyed a good reputation in the Middle East with its highly ranked banking and finance programme attracting a large number of students from Bahrain, Saudi Arabia, Iraq and Kuwait. Following on from some productive discussions between Bangor University and the EIBFS over the last year, the two institutions celebrated the establishment of a strategic collaborative relationship with the MoU signing. Under the MoU framework, collaborations on pathway articulation, research collaboration and programme validation will be explored.

The UAE based Institute is a well-established centre of excellence. In addition to the Banking Diploma and Bachelor Degree programmes, it offers various professional training programmes for the banking and financial sector in the region. 17,000 students and bankers took part in the training programmes in 2014 across its centres in Sharjah, Dubai and Abu Dhabi. Working with Bangor Business School, the EIBFS is hoping to further expand its academic provision to deliver the most up to date knowledge, and encourage innovative high quality research among its faculties.

Professor Phil Molyneux, Dean of the Bangor College of Business, Education, Law and Social Sciences, who has extensive experience in working with universities and students from the Middle East was delighted with the development with EIBFS, “Bangor Business School has some of the best banking and finance programmes at both undergraduate and postgraduate levels taught by a team of internationally well know academics. The School is very internationally oriented when it comes to teaching and supporting our students. Our students from the Middle East tend to do very well and one of our students from Bahrain actually won the best student of the year in 2014. We look forward to developing the relationship with EIBFS.”

Publication date: 17 December 2014