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English news

21-Nov-2016

UAE banks to implement new Emiratisation plan from 2017

The UAE will start implementing a points based system, which would come into effect in January, for the banking and insurance industries according to the UAE Banks Federation. The banks will be rated, rewarded based on performance across key parameters such as creation of jobs for UAE nationals. The criteria also includes training, development to enhance Emirati skills, success in moving Emirati employees to fill senior-level positions. (Bloomberg)

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