06/30/2019
‘My Skill 12x12’: Advanced Skills Council Adopts ‘Financial Literacy’ as the Skill to Focus on in July 2019
  • The Council held its 1st meeting following its formation by the Council of Ministers.
  • H.E. Ahmad Belhoul Al Falasi:
         - The Council is a platform allowing various entities to continuously cooperate and coordinate their efforts to promote skill-building and the concept of lifelong learning in the community.
          - ‘Financial Literacy’ offers great benefits to members of the community across all age groups.

In the first meeting following its formation by the Council of Ministers, the Advanced Skills Council adopted ‘Financial Literacy’ as the skill to focus on in July, as part of the strategy of the National Program for Advanced Skills and its ‘My Skill 12x12’ campaign.

His Excellency Dr Ahmad Belhoul Al Falasi, Minister of State for Higher Education and Advanced Skills, presided over the meeting, welcoming attendees who represent nine local and federal government entities, namely, the Ministries of Economy, Education, and Human Resources and Emiratisation, as well as the Federal Youth Authority, the Office of the Minister of State for Advanced Science,the Office of the Minister of State for Artificial Intelligence, the Federal Authority for Government Human Resources, the Abu Dhabi Department of Education and Knowledge, and the Knowledge and Human Development Authority.

The Council was formed to support the National Strategy for Advanced Skills and monitor its implementation, in addition to ensuring that the various government entities are in line with the policies of the National Program for Advanced Skills. It seeks to create a harmonious environment in the UAE to promote lifelong learning and develop individuals’ capabilities.

H.E. Al Falasi underlined the importance of collaboration to develop and enhance the role that skills play in Emirati society, and to train and empower national human resources to assume a leading position in all sectors.

“The Advanced Skills Council is an important step towards achieving the objectives of the National Program for Advanced Skills and the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai, to promote a future-focused outlook,” H.E. said. “The Council is a platform allowing various entities to continuously cooperate and coordinate their efforts to promote skill-building and the concept of lifelong learning in the community.”

H.E. Dr Ahmed Al Falasi noted that adopting ‘Financial Literacy’ as the skill to focus on in July stems from the great benefit that knowing such skills brings to members of the community across all age groups. “The rapid developments we have witnessed in many sectors, coupled with the UAE’s efforts to keep pace with the Fourth Industrial Revolution and scientific competition, have made it imperative for employees, regardless of academic background, to have the financial skills necessary to make administrative decisions and improve their performance,” H.E. explained.

Financial Literacy is among the basic skills that allow individuals to develop in all other areas, given that people’s decisions often have a financial dimension. These skills include knowledge of income, expenses, profit, loss, value of currencies, savings, and how to prepare basic budgets, in addition to financial and economic knowledge that improve entrepreneurship skills, such as return on investment, inflation, corporate financial status, and others.

Furthermore, the meeting presented the strategy of the National Program for Advanced Skills, as well as its initiatives and events. Each entity, in turn, showcased its own initiatives and programs set up to develop its employees’ skills and capacities.

Participants at the meeting discussed ways to enhance cooperation between the taskforces set to be formed by both the entities represented at the meeting and the National Program for Advanced Skills, to harmonise efforts and set plans to achieve the objectives of the National Program for Advanced Skills and the ‘My Skill 12x12’ campaign.

The Council also recommended that the next meeting be held in September to discuss challenges and developments in the advanced skills sector and set a roadmap for promoting lifelong learning among all members of the community.

The meeting was attended by H.E. Dr Muna Bakheet, Undersecretary of the Ministry of Human Resources and Emiratisation; H.E. Saeed AlNazari, Director General of the Federal Youth Authority; H.E. Youssef Al Rifai, Assistant Undersecretary for the Support Services Sector at the Ministry of Economy; Ibrahim Al Qasim, Executive Director of the Office of the Minister of State for Advanced Sciences; Manal Al Dosari, Acting Executive Director of the Office of Planning and Strategic Affairs at the Abu Dhabi Department of Education and Knowledge;Dr Naji Al Mahdi, Board Member andCEO of the National Institute for Vocational Education, a subsidiary of the Knowledge and Human Development Authority in Dubai.

Also attending the meeting were Lulwa Al Marzouqi, Director of Government Human Resource Planning Department at the Federal Authority for Government Human Resources (FAHR); and Fatima Bujassim, Head of International Cooperation at the Office of the Minister of State for Artificial Intelligence.

‘My Skill 12x12’ was launched under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai. It focuses on a dozen essential skills that individuals can develop to keep up with future trends and requirements and in doing so, play an effective role in driving the growth of vital sectors across the UAE. The 12 skills are grouped into four main categories: basic skills, competencies, personal traits, and specialised skills.

The 12 skills on the list are: Scientific literacy, creativity, critical thinking/problem solving, leadership, empathy, tech literacy, financial literacy, collaboration, communication, adaptability, social and cultural awareness, and growth mindset.