Founded as the International Business School in 1993, the Faculty of Economics and Management (SEM) was established in September 2015 with the aim of addressing the emerging challenges of economics, management and statistics education by aligning itself with international standards and adopting a new vision, mission, and mindset. It has a student body of 4600, 55% of which are graduate students, and 203 of its 280 staff are full-time faculty members.