In March 2014, the DFSA Launched Bawabaty or ‘My Gateway’. Bawabaty is a Financial Services Awareness Initiative for the Local Community, a new initiative developed by the DFSA to improve the work readiness of UAE Nationals joining the workforces of the future and to reach out to different sections of the local community.
In the first instance, Bawabaty will target the UAE youth sector, and through a series of seminars and events, Bawabaty aims to introduce UAE Nationals to topics such as business ethics and financial literacy. Facilitating learning and understanding of the financial services industry, as a whole, will better provide individuals with the skills and knowledge that employers typically look for.
The principal objectives of Bawabaty are to 1) to meet the growing needs of UAE National university graduates wishing to pursue a career in financial services; 2) to provide lifelong learning opportunities for our local community; and 3) to support community education in financial services, in the UAE.
Bawabaty’s inaugural event held at the DIFC Centre of Excellence on March 17 focused on ‘Integrity at Work’ and saw the DFSA partnering with the Chartered Institute for Securities & Investment (CISI). The workshop, which included individual voting machines, real-time results and lively debates, provided attendees with the unique opportunity to vote on a range of ethical challenges, drawn from real-life situations from the workplace.
The highlights of the inaugural workshop included the lively, well-informed and instructive discussions facilitated by Mr Kevin Moore, Chartered MCSI, CISI Director Global Business Development. His “Integrity At Work” presentation provided participants with the unique opportunity to vote on a range of ethical challenges, drawn from real-life workplace situations. These discussions allowed the fruitful exchange of ideas, experiences and opinions between the participants on wide ranging issues faced by young graduates in the UAE.