30 MBA Candidates to undergo hands-on financial training

Kuwait University and Citi Foundation Launch 2011 financial market trading program

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Kuwait City – For the third year in a row, the Citi Foundation, Citi's social investment arm, and the College of Business Administration (CBA) at Kuwait University are cooperating to offer the Citi-Financial Market Trading Program (Citi-FMTP), which trains CBA's top students on real-life dealing-room simulations. The course culminates with a degree in financial market trading. Thirty CBS students will be taking part in the first round of this market-leading training program this year.

Funded through a grant from the Citi Foundation, the Citi-FMTP will run 12, two-day intensive sessions employing the following tools:

  • Applied fundamental analysis
  • Technical analysis
  • Financial and economic indicator for financial market forecasting
  • Kuwaiti Stock market trading rules & regulation
  • Opening brokerage account, placing order and execution
  • Strategic investment and short term positioning
  • Financial modeling & dynamic portfolio using Excel Pro
  • Reuters Xtra 3000 and Reuters equity model for trading

The renewed cooperation between the two institutions follows the recent certifying of 51 CBA students as financial market traders following intensive training throughout 2010-2011, lifting the number of certified students to 105 since the commencement of the program in late 2009.

Established in 1967, the CBA is one of Kuwait University's (KU) 14 colleges, and offers the following majors: management & marketing, finance & financial institutions, accounting, quantitative methods and information systems, economics and public administration. CBA prepares graduates for professional positions in public and private sector businesses, organizations, institutions and corporations using English as the academic language.

"We continue to work closely with Kuwait University to upgrade business students' practical skills and get them ready to engage real-life work environments," said Fatah Adour, Treasurer of Citibank Kuwait. "This program is in line with Citi's long-term strategy to developing local professionals with a clear career path, and underscores Citi's commitment to supporting financial education at top academic institutions."

"At KU, we want to ensure that our CBA students receive all-round academic and practical training which prepares them to join the financial industry upon graduation," said Dr. Abdullah Alsalman, Founder & Director of Financial Trading center. "With the steady commitment of corporate players such as Citi and the Citi Foundation, we are able to complement academia with relevant hands-on training for our business majors."

Citi has been in the Arab world for nearly 50 years and continues to view the region as critical to its global franchise. It is currently present in 10 Arab countries, including Kuwait, UAE, Qatar, Bahrain, Lebanon, Egypt, Jordan, Tunisia, Morocco and Algeria.

Since establishing its fully licensed branch in Kuwait in 2006, Citi has evolved into an active corporate citizen, with a particular interest in supporting financial education and developing Kuwait's talent pool. More than 400 young Kuwaitis have so far received certified training on financial literacy, life skills and personal economics through Citi's sponsored training programs.

Citi

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Citi Foundation

The Citi Foundation is committed to the economic empowerment of individuals and families, particularly those in need, in the communities where we work so that they can improve their standard of living. Globally, the Citi Foundation targets its strategic giving on its priority focus areas: Microfinance and Microenterprise, Small and Growing Businesses, Education, and Financial Education and Asset Building. The Citi Foundation works with its partners in Microfinance and Microenterprise and Small and Growing Businesses to support environmental programs and innovations. Additional information can be found at www.citifoundation.com.