The ‘Emiratisation’ level among Dubai Financial Market (DFM) employees exceeds 80%, representing one of the highest levels in UAE financial markets, DFM announced today.
The government-backed ‘Emiratisation’ initiative is the drive for employment of more Emirati nationals in companies based in the UAE.
“Through increased Emiratisation, DFM intends to retain the culture of the land and at the same time provide best practice services,” said Ahmed Al Jazeri, director of administrative and financial affairs at DFM.
“Such initiatives are aimed at both enhancing the national economy and providing opportunities to talented UAE nationals,” he said, pointing out that the company has taken several initiatives for recruiting and training UAE nationals as well as educating them about the intricacies of financial markets.
DFM’s announcement comes at the start of the UAE Career Fair being held from March 13-15, which also sees other companies in the emirates striving to step up their Emiratisation levels.
ArabianBusiness.com
that property giant Emaar is also reaching out to experienced UAE professionals. The company is set to showcase its Afaq initiative that identifies and develops national talent within the company with an aim to give continuity to the overall career growth plan of employees.
In its continued drive for Emiratisation, DFM has organised visits from universities and schools in order to educate students about working in the financial markets. The visits started at the opening of the market in 2000 and continue to take place each year.
Emiratisation is not restricted to local companies. In December, HSBC – ‘the world’s local bank’ –
sacked 123 employees
in a move designed to create more jobs for UAE nationals.
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