UBF hosts its annual Committees' Chairpersons meeting to discuss key initiatives and priorities for 2019

Business

UBF hosts its annual Committees' Chairpersons meeting to discuss key initiatives and priorities for 2019

UBF lately held its yearly meeting for Chairpersons of its 20 specialized technical committees, today (December 19, 2018) in Dubai, to assess the achievements and also initiatives of 2018, in addition to the priorities for 2019 which mainly include Emiratization, SMEs Finance, Digital Transformation, AI & Robotics, Blockchain, FinTechs, AML, and also Cybersecurity. The meeting was commanded by H.E. AbdulAziz Al-Ghurair, Chairman of the UAE Banks Federation.

H.E. AbdulAziz Al Ghurair said: "The year 2018 was an impressive one for UBF as we achieved new milestones by presenting several initiatives as well as strengthening our collaboration with the financial industry regulator as well as other stakeholders. The unwavering dedication and also unrivaled contributions of our committees have contributed to the productive results of our endeavors, as well as for that reason, I wish to extend my deepest appreciation to the chairpersons as well as participants of the boards for their commitment and effort toward the development, growth, and also development of the banking sector. I am hopeful that brighter potential customers are on the horizon and also we will make every effort together to sustain the success of our initiatives in 2019 as well as throughout the years ahead."

The conference lauded various initiatives launched by UBF and its committees throughout 2018, including continued efforts to additional collaborate with the Central Bank of the UAE and various other stakeholders to enhance the financial sector.

The success of the Middle East Banking Forum 2018 likewise brought in appreciation from the attendees of the conferences. Hung on November 11 under the motif, 'Banking 10 years from now,' the discussion forum gathered 24 famous speakers and also over 500 delegates from 38 countries. It likewise complimented UBF's successful organizing of 'Regulatory Compliance in a Changing World' forum in Abu Dhabi & The Cyber Security Conference "HIMAYA" in Dubai.

The conference likewise hailed the launch of the totally incorporated economic proficiency manuals for Individual customers as well as small and medium enterprises (SMEs) in the UAE. Launched according to the UBF's goal to promote monetary education and learning, the 'Financial Literacy for Individuals' handbook supplies individuals all fundamentals called for to make effective and systematic economic choices based on four various elements such as planning, borrowing, saving, and investing. On the other hand, the 'Financial Literacy for SMEs' handbook seeks to equip small business owners with knowledge and skills that will enable them to make sound financial decisions and ultimately operate their businesses successfully.