nationals in the banking sector by allocating quotas for

Emirati employees across banks in the country. More

recently, the bank has moved beyond the quota system

to a point-based system that aims to enhance the quality

of jobs available to Emirati nationals, in order to allow

them to grow within their organisations.

Banks across the country should accumulate a certain

number of points based on the quality of positions given to

UAE nationals – the higher the position, the more points

the bank gets. Considering the UAE female population’s

preference for challenging roles and job growth, the new

system goes a long way towards attracting more women

to the banking industry.

Given its fundamental role in the country’s drive to create

a sustainable economic future and diversify its economy

away from oil, banking is a strategic sector for the UAE.

While oil-exporting countries continue to encounter

significant challenges due to falling oil prices and global

economic instability, our government has set the pace for

national economic growth through its various initiatives

aimed to enhance employment in the UAE.

With a wide variety of courses and training programmes

on offer, EIBFS is ideally positioned to spearhead this

effort. This year-to-date, the institute has delivered a total

of 833 vocational training and educational programmes

– more than half of which drew the participation of UAE


We must keep in mind that the banking and financial

services sector fluctuates under the influence of

unforeseeable economic issues. As thought leaders

of our nation, we should prepare employees to tackle

any present and future challenges that our country may

face. For this reason, EIBFS constantly develops and

updates its training portfolio to meet industry demands,

including the introduction of courses addressing the

issue of corporate restructuring.

BANKING & FINANCE U.A.E February 2017 37

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