ABU DHABIL // HSBC is to provide grants worth Dh2,000 (US$544) a month to 150 female students at Zayed University. Some students will also be offered internships and jobs. Those taking banking and finance courses will be given priority in the sponsorship programme, which applies to Zayed's campuses in Dubai and Abu Dhabi. An agreement for HSBC to provide the assistance was signed by Sheikh Nahyan bin Mubarak, Minister of Higher Education and Scientific Research and president of Zayed University, and Abdulfattah Sharaf, HSBC's Middle East chief executive for personal financial services.
Mr Sharaf said the bank was "committed" to helping talented Emiratis develop careers. "Emiratisation has been one of our strategic objectives," he added. The banking industry has been at the forefront of the Government's Emiratisation drives for more than a decade, but the proportion of Emiratis working in the sector still lags behind targets. As Emiratis at a federal government university, the students' tuition costs are already covered by the Government.