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Fri 24 Oct 2008 12:57 PM

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Insurance sector 'needs to embrace more Emiratis'

Economy Minister says industry is falling behind on Emiratisation programme.

The insurance sector of the UAE needs to do more to encourage Emiratis into the industry, Economy Minister Sultan bin Saeed Al Mansouri has said.The Emiratisation of jobs was gaining momentum day by day in different sectors but Al Mansouri highlighted insurance as a problem.

He made the remarks during a speech read on his behalf by the Ministry's Under Secretary Mohammed Ahmed bin Abdul Aziz Al Shihi at the opening session of the Seminar on the Emiratisation of Jobs, news agency WAM reported.

"There are still some sectors which witness slow pace of Emiratisation. Though it plays a pivotal role in all economic and business activities, and that it had managed to attract investments to the tune of 23 billion dirhams in 2007, the insurance sector still lags behind," Al Mansouri said.

He added that of the 6,320 strong employees in the country's insurance sector, only 377, or just six percent, are UAE nationals.

"The insurance companies and relevant authorities must show more effort and commitment in attracting UAE nationals to join the sector by raising awareness on the importance of the sector and by adopting incentive programme to absorb national capabilities," he said.

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