UBF collaborating to boost efforts for working towards Emiratisation agenda

An announcement has been made by the United Arab Emirates Banks Federation (UBF) that it will be collaborating to boost efforts for further developing the skills of United Arab Emirates’ nationals & increase their recruitment in important managerial & leadership positions across the sector.

UBF’s Quarterly Advisory council meeting of Chief Executive Officers was held yesterday and was headed by Abdul  Aziz. It was decided in the meeting to work closely member banks to speed up Emiratization efforts.

Al Ghumair stated that the banking industry is the main pillar of the UAE’s economy, and is playing a significant role in ensuring that the nation successfully delivers on the Emiratisation-related aims of UAE Vision 2021. There is the richness of smart, talented, & creative United Arab Emirates’ nationals in this country, & we have a shared responsibility to nurture and foster them to reach their maximum potential & provide them with the opportunities which they deserve. We have laid the footing for them to thrive in the banking sector, and undoubtedly they will fulfill their aspirations & be the main force behind the future success & prosperity of the country

UBF also made an announcement that for the first-ever time it will be strategically partnering up with Abu Dhabi Global Market (ADGM) for an upcoming FinTech Abu Dhabi Festival between 21st October till 23rd October 2019. This year’s edition will be amongst the largest FinTech events, hosting thousands of participants for 3 days of interactive sessions and engaging discussions.

Al Ghumair added that the banking sector of the United Arab Emirates is making enormous strides towards the adoption of leading-edge fintech such as automation, artificial intelligence, & cognitive computing, and we are a strong supporter for this disruption across the industry. We are thrilled to be part of the impending FinTech Abu Dhabi Festival & reinforce our support through this long-term partnership.