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Prominent Qatari entities including the Qatar Stock Exchange (QSE), the Qatar Financial Centre (QFC), the Qatar National Bank (QNB), and the Embassy of the Netherlands have come together as part of Money Week Qatar 2019, a week-long campaign that is designed to promote financial education among school children.
The initiative comes as part of Global Money Week, a project that was originally launched by Her Majesty Queen Maxima of the Netherlands nine years ago, and has grown to become an annual global initiative that reaches 169 countries and has touched the lives of 32 million students.
The campaign aims to raise awareness among school children of the importance of financial education, inclusion and the principles of good financial management, QFC said in a statement on Tuesday.
The first edition of Money Week Qatar was held in 2017, and saw participation from 100 students, gradually growing to become 1,100 students in 2018. This year’s edition engaged over 1,500 primary school children from both local and international schools, and included a series of interactive activities such as guest lectures, daily school trips to QSE to understand stock trading, along with a range of other fun and educational activities.
QFC Authority CEO Yousuf Mohamed Al Jaida said: “The QFC’s CSR and Social Investment strategy ‘United for Good’ underscores our long-term commitment to our ethical, social and environmental responsibilities and with that we place very high importance on Youth and Community Development, with a special emphasis on encouraging financial literacy within the local community.
“With that in mind, we are delighted to support Money Week Qatar for the second consecutive year, as we believe that by instilling financial awareness at an early age, we are essentially empowering young people to make sound financial decisions now and in the future.”
HE Bahia Tahzib-Lie, Ambassador of the Netherlands to Qatar said, “I’m proud that Qatar participated for the third time. This year more schools and more professional volunteers enthusiastically took part. It’s great to see how eager children and youth are to learn that money matters. They are the next generation of change makers. It is therefore so important to empower young people to be aware of the value of money, know how to spend money wisely, and realize they must save money for their future.”
San Lie, Project Leader Global Money Week Qatar, said: “I am so happy that five new schools decided to join us this year. They all indicated they’d like to participate again next year, since they see the impact of the guest lessons on their students. I am very grateful to the growing pool of volunteers, all of them tell me they love to do this for their communities, which I think is heart-warming.”
Salem al Naimi, Assistant General Manager – QNB Public Relations, said: “We are pleased to offer our sponsorship to this important initiative that will bring great benefit to our future generations. Our Group is always keen to support such initiatives that raise awareness among children in Qatar about the importance of financial education, financial inclusion and the principles of good financial management that will help them develop their financial future.”
Michael G Ryan, CEO, Regulatory Authority said, “As part of our CSR programme, Mubadarah, we are committed to raising the financial literacy of young people in Qatar and making them aware of the many career choices in the finance sector. With its focus on teaching children about the importance of saving and investing, Money Week Qatar was a great fit for us, and our employees who volunteered in the classroom thoroughly enjoyed themselves.”
Hussein al Abdulla, Director of Marketing and Communications, QSE said: “We in QSE are proud of being a part of the Global Money Week. This programme gave us the opportunity to deliver our financial education to the students of the participating schools and provide them with a grounding in how stock markets work and the benefits of sensible investing.
“We subscribe fully to the goals of Global Money Week in providing our youth with the knowledge that will allow them to develop the necessary skills to make smart financial decisions throughout their lives.”
“Financial education has been on QSE’s agenda since long time and we have our own educational, training and awareness activities. Based on this responsibility, QSE encourages financial awareness particularly among the new generation and future leaders,” Abdulla added.
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03/04/2019
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