Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 6 minutes ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
Heavy fine for missing Emiratisation target
STAFF REPORTER July 12, 2018
 Print    Send to Friend

DUBAI: Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, hosted a workshop to review 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. The system puts a financial penalty of Dhs20,000 per each missing point  if an entity fails to achieve the target of the points. 

Nasser Bin Thani Al Hamli, Minister of Human Resources and Emiratisation, led 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 EIBFS. More than 120 HR heads of banks – critical stakeholders in the implementation process – were also present.

In his keynote address, Nasser Bin Thani 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 to promote integration of roles and joint responsibility for Emiratisation.

Add this page to your favorite Social Bookmarking websites
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
Related Stories
UAE among world’s safest countries
DUBAI: The UAE is one of the safest countries in the world, according to a recent report by the Institute for Economics & Peace. The UAE ranked 127th worldwide out of 138..
December 2-3 will be holidays
ABU DHABI: The UAE Council of Ministers announced the holidays for the 47th UAE National Day on Friday. The ministry said, “On December 2 and 3, the Council of Minist..
Thousands join Tolerance Walk
Abu Dhabi: Sheikh Abdullah Bin Zayed Al Nahyan, the UAE Minister of Foreign Affairs and International Cooperation, on Friday led the tolerance walk within the National To..
UAE is key point in providing food supplies in region
ABU DHABI: Khalifa Ahmed Al Ali, Managing Director of the Food Security Centre, emphasised that the UAE has become a key point in providing food supplies to the region, w..
$1.5 billion CSR campaign to secure the world
DUBAI: Abu Dhabi-based IT Solutions company, Secure Cam, has embarked upon a major campaign to secure the world by equipping more than 1.5 million buildings across the wo..
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright