DUBAI, The Emirates Institute for Banking and Financial Studies, EIBFS,on Thursday hosted a workshop to review the progress achieved since the introduction of the target points system across UAE banks.

The move aligns with the objective of the UAE Vision 2021 to increase the number of UAE nationals in the private sector.

Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation, chaired the meeting that drew the participation of Shahab Essa Al Zaabi, Head of Licensing at the Central Bank of the UAE, and Board Member of the EIBFS. More than 120 HR heads of banks critical stakeholders in the implementation process were also present.

In his keynote address, Al Hamli said, "Banking and insurance are important strategic sectors that have the ability to provide suitable jobs for UAE nationals and increase their competitiveness, and thus actively contribute to achieving the Emiratisation targets outlined in the UAE Vision 2021."

He stressed the readiness of the Ministry of Human Resources and Emiratisation to provide support to institutions and companies working in these sectors to enable them to achieve the required Emiratisation rates according to the points system. He added that the ministry is keen to develop partnerships with various economic sectors in the country and promote the integration of roles and joint responsibility for Emiratisation.

Humaid bin Mohammed Al Qatami, Chairman of the Human Resource Development Committee in the Banking Sector, played an important role in the launch of the points system in the banking and financial sector and supported the Ministry of Human Resources and Emiratisation in the government accelerator project, which resulted in the hiring of 1,000 UAE nationals in 100 days in 2016-17.

He said, "We thank our partners in the banking sector for their support of our Emiratisation policies. The leaders of banking and financial organisations, including insurance companies and money exchange offices, are aware of the national importance of the points system, which was introduced in accordance with the observations and suggestions of banks and other entities. The system will enable us to increase Emiratisation rates and open opportunities for UAE nationals to take on leading roles in the sector. The critical banking and finance sector, bolstered by highly qualified national cadres, represents the cornerstone of sustainable development."

Jamal Al Jassmi, General Manager of the EIBFS, said, "The financial sector is one of the main pillars of our economy, and the contribution of UAE nationals who are currently part of the workforce, as well as the future generations, assumes critical significance. As the UAE and the region's leading financial training institute, the EIBFS views the mandate of Emiratisation as its topmost priority."

Source: Emirates News Agency