The Minister of State for Financial Affairs, Muhammad bin Hadi Al-Husseini, revealed that the Ministry of Finance is currently working on implementing a plan to qualify and train national cadres working in the banking sector in the country, with the aim of raising their level, allowing them to assume vital jobs in this sector, starting with senior jobs and passing through banking jobs. And finally, marginal jobs.
The minister also pledged to direct five parliamentary proposals to raise the Emiratisation rates in the banking sector in the country, which were submitted by a member of the Federal National Council, Obaid Al-Ghoul Al-Salami, for study by the Ministry of Finance and the Central Bank, to take the necessary action in this regard. In detail, the Minister of State for Financial Affairs, Muhammad bin Hadi Al-Husseini, confirmed that the ministry will study five parliamentary proposals to raise the Emiratisation rates in the banking sector in the country, which were submitted by a member of the Federal National Council, Obaid Al-Ghoul Al-Salami, as part of a parliamentary question he directed to the minister during the council session held last Tuesday. At the council’s headquarters in Abu Dhabi, headed by the council’s chairman, Saqr Ghobash, noting that these proposals will be discussed with central bank officials and the concerned authorities, to come up with a vision about the appropriate implementation of them.
The list of the five parliamentary proposals, which the ministry adopted its study to address what the council member called the “weak Emiratisation rates in the banking sector in the country”, reconsidering the value of the fine of Emiratisation points from 20 thousand dirhams to 200 thousand dirhams per point, and the imposition of a 1% tax on The profits of national banks are directed to a fund under the responsibility of the state, which is used to train and qualify national cadres working in the banking sector and wishing to work in it, as well as obligating banks to refrain from resorting to outsourcing jobs and tasks to companies and people from outside the state, and replacing them with national ones, in addition to establishing national companies. It is entrusted with audit and review tasks, giving priority to working in it to national cadres, and finally naming the five best Emiratisation banks annually to be honored.
The five worst banks are not committed to the settlement file, to warn them. The minister pledged that the ministry would follow up with the Central Bank of the control mechanisms and apply the legally prescribed “fine points” to banks that do not adhere to the settlement percentage, and intensify efforts to urge national banks to take into account the commitment to appoint distinguished and qualified national cadres to assume senior positions. The minister revealed that the ministry is working to implement a plan to rehabilitate and train citizens to raise their level to take on vital jobs, starting with the higher sectors, passing through the banking sector, and ending with marginal jobs, pointing out that the last three years have witnessed a significant improvement in the file of Emiratisation in the banking sector in the country, especially at the level of jobs. vitality, senior functions, and middle management.
