30.4 C
Cairo
April 25, 2024
Egypt Bulletin
Business

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.

Related posts

OFID signs deal to co-finance road network in Bangladesh

ADNOC invests over $764 million in drilling-related services

Masdar wins bid to build $174 million solar project in Armenia

$750 million Emirates NBD bond listed on Nasdaq Dubai

Dubai real estate transactions cross AED4.1 billion in a week

Danish Government confirms official participation at Expo 2020 Dubai