New Emiratisation Program Launched to Support Nationalisation Strategies in Banking Industry
The UAE Financial Markets Association has announced a new Emiratisation Ideal Performance System to urge and sustain the local banking industry in applying effective nationalisation techniques.
Launched this week (10 December) at an event in the H Hotel, Dubai in the existence of VIP federal government authority reps, UAE bank CEOs and senior money professionals, the programme's overarching goal is to assist the industry work together to produce a much better future for the UAE.
Within the existence of different banks from UAE, the event tackled the value of employing and preserving nationals, the challenges facing Emiratisation, the quality of nationalisation processes as well as the positive effect of nationalisation in treasury and capital markets.
Mohammed Al Hashemi, Chairman of the UAE Financial Markets Organization, said: "We identified a s strong demand for a system of this kind below in the UAE after speaking with our UAE FMA participants and we have observed that they want to employ more UAE nationals however are usually experiencing countless difficulties in doing so.
" In line with the UAE Vision 2021, we want to help raise Emiratisation in the banking field particularly treasury and capital markets department. Our aim at the UAE Financial Markets Association is to assist in the connectivity in between local and international financial bodies, along with the sharing of concepts and knowledge and our team believe this plan will sustain our members in working with certified UAE Nationals."
The launch comes quickly off the back of last month's 42nd ICA Meeting, efficiently arranged by the UAE Financial Markets Organization in cooperation with the International Cambist Association (ICA), which invited thousands of locals, regional and global lenders, investors, treasury managers and finance professionals to Dubai.
The program will certainly cover occupation preparation, training and mentoring, company social responsibility and it will offer annual award for finest racked up bank. The execution of the initiative will start in January 2018, and will focus on the performance of UAE nationals in the long term, operating in the treasury and resources markets throughout the Emirates.
The UAE FMA was established in December 2011 with the goal to be the link body in between the financial market in the UAE and the regulative authorities, in addition to increase recognition on exactly how important the treasury and global markets are. It is focused on providing qualifications in the treasury field, offering fundamental or technological trainings, and it is the only body that gives ACI accredited trainings. Moreover, the Organization constructs a solid structure of knowledge about the treasury market and prepares Emirati candidates to enter this field.
The Emiratizations Ideal Performance scheme will be readily available to all UAE Financial Markets Organization members. To discover much more, browse through www.uaefma.com.
Caption: Mohammed Al Hashemi, Chairman of the UAE Financial Markets Organization, launching the new Emiratisation Optimum Efficiency plan
