The Central Bank achieves, during the first half, the target number of initiatives to appoint citizens in the banking and insurance sectors

In implementation of the initiative of the Board of Directors of the Central Bank of the United Arab Emirates, to employ (5,000) citizens in the financial sector during the next five years, the Central Bank, in cooperation with the Council for the Competitiveness of Emirati Cadres “Nafis”, the Emirates Institute for Banking and Financial Studies, and the Federation of Emirates Banks, during the six months The first of this year is to achieve 81.3% of the recruitment targets for 2022, by employing (813) citizens in the banking and insurance sectors out of the total target number for the first year of (1,000) new jobs.

This achievement comes within the framework of the Central Bank's Emiratisation strategy, in line with the UAE government's vision for the next fifty years, which is based on attracting new graduates, experienced and qualified people to work in banks, insurance companies, exchange, finance and financial technology.

This was achieved through the banking sector attracting (723) citizens in 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 the year 2022.

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 in 2022 in exchange and finance companies, and financial companies affiliated with banks.

Commenting on these results, His Excellency Khalid Mohammed Balama, Governor of the Central Bank of the Emirates, stressed: “Achieving these positive results comes thanks to the unlimited support and diligent follow-up of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of the Presidential Court, 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 expertise, raising their professional competitiveness, and preparing a new generation of future leaders to develop the financial sector and consolidate economic development in the country.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, government agencies and other stakeholders.”

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