UAE central bank to 'Emiratise' finance sector

United Arab Emirates

The Central Bank of the United Arab Emirates has approved a measure to reserve management positions in banking and insurance for Emirati nationals.

The CBUAE’s board approved the policy at a March 2 session, wire service WAM reported.

The central bank says it will implement the policy jointly with a training agency – the Emirati Talent Competitiveness Council – and the Emirates Institute for Banking and Financial Studies. It said the policy will create 5,000 jobs for Emiratis by 2026.


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