University of Doha for Science and Technology (UDST) and Edaa, Qatars Central Securities Depository, announced a strategic Memorandum of Understanding (MoU) to bolster cooperation between the two institutions.
The MoU was signed by President of UDST Dr. Salem Al Naemi and HE CEO of Edaa Sheikh Saif Abdulla Al-Thani.
Dr. Salem Al Naemi said: "This partnership could not have come at a better time. The connection between educational institutions and businesses is increasingly crucial as the workforce environments young people must enter are becoming more competitive. We strive to offer our students unparalleled experiences to provide them an edge in the labor market, and our MoU with Edaa is both an exciting step forward and a concrete example of this philosophy."
For his part, HE Sheikh Saif Abdulla Al-Thani said, "Our collaboration with UDST demonstrates our commitment to nurturing local talent, as well as injecting the financial sector with a fresh perspective. Through this partnership, we envision a brighter future for both the academic and financial communities in Qatar."
The MoU serves as a cooperative framework, establishing a roadmap for mutual growth and shared learning in several areas, including the facilitation of student internships and work placements at Edaa, enabling UDST students access to real-world exposure.
Both UDST and Edaa are optimistic that the collaboration will serve as a cornerstone for future partnerships, setting a benchmark for the financial sectors collaboration with academia in Qatar and the region at large.
Other activities under the agreement include shared research initiatives to fuse theoretical knowledge with practical applications, training and professional development for the wider UDST community, collaborative projects focused on innovation, and data and knowledge sharing strategies to promote a culture of collective growth.
As the countrys leading university specialized in applied academic, technical, and vocational education, UDST is positioned to play a pivotal role in training the next generation of financial experts.
Edaa, a service company licensed by the Qatar Financial Markets Authority, is a true standard-setter in the realm of safekeeping, clearing, settlement of securities, derivatives, and several other financial instruments.
The MoU serves to bridge the gap between education and workplace, offering unique opportunities to UDST students, whilst enriching the services offered by Edaa. (QNA)