The University of Dubai (UD) recently won a grant of $500,000 (Dh 1,836,500) for its proposal to help two Iraqi universities improve the quality of their business education. The grant, awarded to UD last week by the United States Agency for International Development (USAID), was created to improve the educational system in Iraq, with an emphasis on finance and banking.
University of Dubai President, Dr. Omar Hefni, said it is part of the school’s social responsibility to support the rebuilding of Iraq. Faculty at UD saw the grant as an opportunity to use their experience and expertise to do something helpful, he said, and they took it.
The University of Dubai will assist Al Monsour University College (AMUC), located in Baghdad, in assessing its potential for obtaining an accreditation from the Association to Advance Collegiate Schools of Business (AACSB) – an accreditation UD holds, along with other notable schools, such as Harvard Business School and Stanford University.
“We know this is a very big challenge,” UD Chief Academic Officer, Dr. Ananth Rao, said. “But it is one of our responsibilities as an accredited university. If we are asked, ‘What did you do as an accredited university,’ we would like to say, ‘we helped two business schools raise their standards.’ And those two business schools will then have the ability to raise the standards of two more business schools in the region.”