Abdulla Bin ahmad al ghurair on banking
From Philanthropist Abdul Aziz Al Ghurair: Graduates in Middle East ill-prepared for work | CNBC Meets · · CNBCInternationalNews
“The finance is evolving — economies change and we have to have products, tools, services to do the service this requirement. The country is evolving, moving digital and the customer is also demanding convenience so all our institutions in the region have to also go digital.”
On , Abdulla Bin ahmad al ghurair, Chairman at Al Ghurair Group, spoke about banking during Philanthropist Abdul Aziz Al Ghurair: Graduates in Middle East ill-prepared for work | CNBC Meets on CNBCInternationalNews.
About Abdulla Bin ahmad al ghurair
In a 2020 interview with CNBC, Abdul Aziz Al Ghurair discussed the work of the Abdulla Al Ghurair Foundation for Education, which he chairs. He stated that the foundation initially promoted open learning through online degrees but encountered a barrier when regional governments would not accredit such degrees. He noted that the UAE later endorsed degrees from the top 200 universities worldwide for accreditation and job applications. Al Ghurair also said that 30 percent of university graduates in the Arab world are unemployed because the output of universities does not match job requirements, and he called for greater integration between universities and the labor market. Al Ghurair, who is also chairman of Mashreq Bank, commented on the evolution of the finance sector, stating that economies change and institutions must develop digital products and services to meet customer demand. He said that simple jobs will disappear due to artificial intelligence and robotics, and that education should focus on critical thinking and problem-solving. In a 2017 interview, he described the foundation’s focus on selecting high-achieving students from low-income families and providing them access to regional and international universities, including the American University in Cairo.