UAE to create 8,000 job opportunities for citizens by 2022 in the banking and insurance sector
- December 12, 2019
- Posted by: EIBFS
- Category: News
Dubai-UAE: 11 Dec, 2019 – The Human Resources Development Committee in the banking and financial sector adopted the Emiratization points system in the banking and insurance sectors with the aim of raising Emiratisation targets through creating more than 8,000 jobs for citizens in the two sectors mentioned during the next three years, in implementation of the Emiratization Decision package recently approved by the Council of Ministers headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
This was announced during a meeting recently held by the Human Resources Development Committee in the banking and financial sector at the Emirates Institute for Banking and Financial Studies in Dubai. It was headed by His Excellency Hamid Al Qatami and in the presence of His Excellency Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation and Chairman of the Emiratisation Committee, during which the meeting set new goals for Emiratisation in the banking and insurance sectors by the year 2022.
In the presence of its members during the meeting, the Committee reviewed the reality of the current Emiratization and the strategy and mechanisms for achieving the new goals for Emiratization in the banking and insurance sectors, as well as discussing rehabilitation and training programs for national cadres to occupy public and other specialized jobs in various fields of the two sectors mentioned.
His Excellency Nasser bin Thani Al-Hamli praised the efforts made by all partners that resulted in determining the goals of Emiratization in the banking and insurance sectors by 8 thousand job opportunities by the year 2022, which is considered a practical translation of the principle of complementarity of roles between the various stakeholders and their commitment to carry out their responsibilities.”
He also called on institutions working in the banking and insurance sectors to interact positively with the Emiratization file through the optimal application of the points system, which would enable male and female citizens to benefit from the job opportunities available in these two sectors.
His Excellency Humaid Al Qatami said, “The determination of new Emiratisation targets in the banking and insurance sectors reflects the commitment of the Human Resources Development Committee in the banking and financial sector and in cooperation with its partners to implement the Emiratization resolutions is according to the vision of the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai.”
He praised the efforts made by the Central Bank, the Ministry of Human Resources and Emiratisation, the Association of Banks, the Insurance Institute, the Banking Institute, banks and insurance companies to raise the rates of Emiratization in the banking and insurance sectors, which are characterized by being abundant with various job opportunities and their ability to create more of these opportunities that meet the aspirations of citizens in terms of concessions and stable career.
For his part, Jamal Al Jassmi, General Manager at EIBFS stressed the committee’s keenness to adopt several initiatives aimed at attracting citizens to work in the banking and insurance sectors, whether in the matter of salary or working hours and academic leave, and other initiatives that contribute to providing an attractive work environment and job stability.
He explained that the banking sector is at the forefront of the hiring UAE nationals with citizens with 9000 already recruited in banks and financial institutions.
He said that the Emiratisation in the insurance sector as well is vital and requires efforts in order to translate them into reality by raising the number of citizens in technical and professional jobs.
He also added that the current Emiratisation rates in the insurance sector are still below the mark, despite efforts of the Ministry of Human Resources and Emiratisation, but there are ongoing efforts from the Insurance Authority to increase this percentage and qualify technical cadres able to be a part of the sector on all levels.
The workshop was held in the presence of human resource managers, and heads of training and Emiratisation in banking and financial institutions
During the workshop, the details of applying for Emiratization points and new targets in the banking and insurance sectors until 2022 were explained.