The Central Bank of UAE has approved the creation of 5,000 new jobs by the end of 2026 for Emirati nationals as part of the Emiratization of managerial positions in the banking and insurance sectors.
The jobs will be created in coordination with the Emirates Institute for Banking and Financial Studies and the Emirati Talent Competitiveness Council.
The approval came at a meeting chaired by Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Chairman of the Board of Directors of the Central Bank of the UAE (CBUAE).
The board approved 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.
Sheikh Mansour welcomed the meeting’s participants and thanked the Central Bank of the UAE for its efforts to support the banking sector’s financial stability.
During the meeting, he was briefed on the progress of the implementation of plans, which are in line with the country’s future and economic approaches aimed at achieving digital inclusion and the green financial system.