The Central Bank exceeds the specified number and achieves 81.3% of the targets for appointing Emiratis for 2022.

Employing 813 citizens in the banking and insurance sectors within 6 months

  • The Central Bank initiative aims to employ 5,000 citizens in the financial sector over the next five years.

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  • Khaled Balama: "This success shows the cooperation of banks operating in the country and their great response, which contributed to exceeding the achievement of the 2022 goals."

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Yesterday, the Central Bank announced that it had achieved, during the first half of this year, the target number of initiatives to appoint citizens in the banking and insurance sectors for 2022, with a rate of 81.3% of the appointment targets, by employing 813 citizens in the two sectors out of the total target number for the first year of 1,000. new job.

The Central Bank stated in a statement that it was able to achieve the goal, in cooperation with the Emirati Competitiveness Council (Nafes), the Emirates Institute for Banking and Financial Studies, and the Federation of Emirates Banks.

This came in implementation of the initiative of the Board of Directors of the Central Bank, to employ 5,000 citizens in the financial sector, during the next five years.

According to the Central Bank’s statement, the banking sector attracted 723 citizens during the first six months of this year, a marked increase from the target of 700 citizens, while the insurance sector attracted 90 citizens, compared to the target of 300 citizens for 2022.

This achievement comes within the framework of the “central” strategy in Emiratisation, in line with the UAE government’s vision for the next 50 years, which is based on attracting new graduates with experience and competencies to work in banks, insurance companies, exchange, finance and financial technology.

With the aim of increasing Emiratisation in the financial sector, the Central Bank was able to expand the range of jobs allocated to Emirati cadres, by creating about 200 new job opportunities this year in exchange and finance companies, and financial companies affiliated with banks.

The Governor of the Central Bank, Khaled Muhammad Balama, said, “Achieving these positive results comes thanks to the unlimited support and the diligent follow-up of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court and Chairman of the Board of Directors of the Emirates Central Bank, regarding the implementation of Emiratisation plans and programs in The financial sector, building national capacities, refining their skills and experiences, raising their professional competitiveness, and preparing a new generation of future leaders to develop the financial sector and consolidate economic development in the country.

Balamy added: "This success shows the cooperation of banks operating in the country and their great response, which contributed to exceeding the achievement of the goals of 2022, in addition to the efforts of partners and government and other concerned agencies."

Banks attracted 723 citizens during the first half of 2022, an increase from the target of 700 citizens.

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