19.4 C
December 10, 2023
Egypt Bulletin

CBUAE to create 5K jobs for Emiratis in banking and insurance by 2026

His Highness Sheikh Mansour bin Zayed Al Nahyan, the UAE’s Deputy Prime Minister, Minister of Presidential Affairs, and Chairman of the Central Bank of the UAE (CBUAE), presided today over a meeting of the board in Qasr Al Watan. Sheikh Mansour welcomed the participants and thanked the UAE Central Bank for its efforts to support financial stability in the banking sector.

CBUAE to create 5K jobs for Emiratis in banking and insurance by 2026

During the meeting, Sheikh Mansour was informed about the progress of the implementation of plans, which align with the future economic strategies of the country aimed at achieving digital inclusion and green finance. By the end of 2026, the board approved the Emiratization of managerial positions in the banking and insurance sectors by creating 5,000 new jobs in coordination with the Emirates Institute for Banking and Financial Studies and the Emirati Talent Competitiveness Council.

Additionally, the council discussed the implementation of its directives from previous meetings. Board members approved an amendment to the bank’s notifications regarding maximum fees and commissions imposed on licensed financial institutions, and agreed to amend the work scope of the bank’s “Banking Risk Centre” regarding bounced checks.

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