40% Emiratization in the banking sector over the next 3 years
Tuesday, 11 05 2019, Category: Banking, Country: U.A.E
The Central Bank said that it is working to increase the rate of Emiratization in the banking sector in the country by at least 40% during the next three years, through the application of points system to ensure a reasonable distribution of those working among banks on the basis of size, pointing out that some entities need to accelerate The pace of recruitment and training of citizens.
The Central Bank said during its meeting in the Middle East banking forum in Abu Dhabi yesterday, that the latest forecast indicates that the economy of the country continues to recover, expecting total growth of 2.4% this year.
Central Bank Governor Mubarak Rashid Al Mansouri said that 26.1% of the workforce in the banking sector in the UAE are Emiratis, stressing that this sector can accommodate more citizens. The next three years, through the application of the points system, to ensure a reasonable distribution of those working between banks based on their size.
Source: Teller Report