The share of Emiratis as a proportion of total employees in the UAE banks rose to 33.2 per cent in 2022, the UAE Central Bank said on Monday.
The exact figures were not disclosed but the regulator commended local banks for the progress made in attaining Emiratisation targets and said it expected further growth in job opportunities for the country's citizens.
The update came after a meeting between Central Bank Governor Khaled Balama and the chief executives of UAE lenders.
The regulator has set an Emiratisation target for local banks of 45 per cent of total employees by 2026. The 2026 target for senior executive roles is 30 per cent, the Central Bank said.
During the meeting, Mr Al Balama highlighted the important role played by local financial institutions in coming up with green and sustainable finance plans.
“Our meeting with the UAE banks reinforces the importance of sustainability, Emiratisation and consumer protection, and underlines our commitment to achieving our ambitious digitalisation, financial technology and innovation targets,” he said.
The Central Bank also conducted a review of its own initiatives outlined in its 2023-2026 strategy, which focus on promoting greater sustainability practices in its own operations and across the country's financial sector.
It has formed a committee on green and sustainable finance chaired by Mr Al Balama to lead and oversee the progress and enactment of wide-ranging initiatives.
The Central Bank’s banking and insurance division will adopt more robust sustainability practices as part of its supervisory and currency management operations.
Last year, the regulator backed the creation of 5,000 jobs for UAE citizens in the banking and insurance sectors under its Emiratisation programme.
The initiative, approved by Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister, Minister of the Presidential Court and chairman of the Central Bank's board, includes key positions that will be filled by the end of 2026.
The Bio
Favourite vegetable: “I really like the taste of the beetroot, the potatoes and the eggplant we are producing.”
Holiday destination: “I like Paris very much, it’s a city very close to my heart.”
Book: “Das Kapital, by Karl Marx. I am not a communist, but there are a lot of lessons for the capitalist system, if you let it get out of control, and humanity.”
Musician: “I like very much Fairuz, the Lebanese singer, and the other is Umm Kulthum. Fairuz is for listening to in the morning, Umm Kulthum for the night.”
The five pillars of Islam
Farage on Muslim Brotherhood
Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Results
- Brock Lesnar retained the WWE Universal title against Roman Reigns
- Braun Strowman and Nicolas won the Raw Tag Team titles against Sheamus and Cesaro
- AJ Styles retained the WWE World Heavyweight title against Shinsuke Nakamura
- Nia Jax won the Raw Women’s title against Alexa Bliss
- Daniel Bryan and Shane McMahon beat Kevin Owens and Sami Zayn
- The Undertaker beat John Cena
- The Bludgeon Brothers won the SmackDown Tag Team titles against the Usos and New Day
- Ronda Rousey and Kurt Angle beat Triple H and Stephanie McMahon
- Jinder Mahal won the United States title against Randy Orton, Rusev and Bobby Roode
- Charlotte retained the SmackDown Women’s title against Asuka
- Seth Rollins won the Intercontinental title against The Miz and Finn Balor
- Naomi won the first WrestleMania Women’s Battle Royal
- Cedric Alexander won the vacant Cruiserweight title against Mustafa Ali
- Matt Hardy won the Andre the Giant Battle Royal
What is a black hole?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
Suggested picnic spots
Abu Dhabi
Umm Al Emarat Park
Yas Gateway Park
Delma Park
Al Bateen beach
Saadiyaat beach
The Corniche
Zayed Sports City
Dubai
Kite Beach
Zabeel Park
Al Nahda Pond Park
Mushrif Park
Safa Park
Al Mamzar Beach Park
Al Qudrah Lakes
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