The UAE Central Bank (CBUAE) has approved the creation of 5,000 jobs for Emiratis in the banking and insurance sectors by the end of 2026.
This was announced during a meeting of CBUAE's board, chaired by His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.
The board approved the Emiratisation of managerial positions in the banking and insurance sectors by creating new jobs in coordination with the Emirates Institute for Banking and Financial Studies and the Emirati Talent Competitiveness Council.
During the meeting held at Qasr Al Watan, the board also cleared an amendment to the bank’s notifications regarding maximum fee limits and commissions imposed on licensed financial institutions and agreed to amend the scope of work of the bank’s "Banking Risk Centre" regarding the bounced cheque system.
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