National Bonds has signed an agreement with the Arab Women Authority, the leading NGO aimed at empowering Arab women across the MENA region, to equip women with valuable financial management skills and savings tools.
The partnership will see the two organisations join forces to empower women and support their role in societal and economic development and enhance their skills, particularly in the areas of investment, savings, and financial literacy.
A Memorandum of Understanding was signed by Rehab Lootah, Deputy Group Chief Executive Officer at National Bonds, and Mohammed Al-Dulaimi, Secretary-General from Arab Women Authority, today.
Through this partnership, National Bonds and Arab Women Authority aim to inspire a strong savings culture in the region and strengthen cooperation between government agencies and national companies to support the progress of Arab women.
The two organisations will create a joint committee to host forums and events aimed at encouraging women to invest and save and to improve their skills and financial literacy. They will also plan mutual visits and participation in national and regional events and exchange experiences to support micro-income generating projects for women, with the goal of providing job opportunities and reducing unemployment.
Speaking about the partnership, Lootah said,
"We are honoured to partner with the Arab Women Authority, who are doing incredible work, as we aim to target all women across the Arab world with this partnership. Moreover, we want to inspire and encourage more women across the region to embrace a fruitful savings journey to increase their financial gain."
Expressing optimism on the benefits of the MoU, Al-Dulaimi commented,
"Through this MoU, we want to give every Arab woman the opportunity to enhance her financial literacy and begin saving for their future. The partnership also focuses on creating investment and employment opportunities for women, especially among female entrepreneurs and businesses to help increase their contribution and role in the growth of the economy.”
News Source: Emirates News Agency