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Tag: Emiratisation
Zombie bankers in Dubai reluctantly eye a voyage home
Senior expat bankers in the Middle East, ousted by a combination of cost-cutting and localisation programmes, are facing the prospect of long-term unemployment followed by a reluctant trip back to the UK, Europe or the U.S. It wasn’t too long ago that regional banks in the Middle East were clamouring to persuade grey-haired bankers to […]
Emiratis want training, not cash, to stay in banking
The financial sector in the UAE is turning to better training to attract and retain nationals, rather than simply throwing money at the problem. Banking has been one of the more popular areas for UAE nationals outside the public sector because of its high pay and rapid promotion. But finance firms have struggled to meet […]
Seven areas most likely to provide job opportunities in the Middle East before the new year
We’re approaching the time of year where most hiring managers are thinking about their plans for 2013, rather than taking on people in 2012. However, some areas remain active and financial services organisations continue to struggle to recruit for certain roles. Where are you most likely to find success in the last two months of […]
The changing career priorities of local candidates in the UAE and Qatar
In the UAE and Qatar, the recruitment priorities has broadly focused around localisation initiatives, which have been more about box-ticking quota fulfilling than career development. However, nationals are now taking it upon themselves to carve out a career in the financial sector. At the same time, expats have become increasingly marginalised and are falling victim […]
Are ambitious localisation targets in the Middle East in danger of isolating expats?
Speak to any HR manager in a bank operating in the GCC and they’ll tell you that their focus is on one thing – bringing more nationals into the workforce. But with a lack of skills for key areas among the local population and ambitious targets to increase employment over the next three years, is […]
Nearly all employees in the DIFC are expats
The DIFC has long been the location of choice for expat financial services professionals, but just how underrepresented UAE nationals are in the financial centre is slightly disconcerting. Just 2.2% of employees in the DIFC are UAE nationals, according to the financial centre’s new economics report. This figure is low enough, but when you strip […]
ADIA’s recruitment priorities for 2012: UAE nationals and private equity
Considering its size, the amount of recruitment in the Abu Dhabi Investment Authority (ADIA) last year was modest – it added around 75 people to take total headcount to 1,275. This year, the focus is going to be on recruiting for its private equity division, and hiring UAE nationals. In its third ever annual review, […]
Three years: the new lock-in period for Emiratis in the banking sector
Oh, to be an Emirati banker – while expat financial services professionals battle for the few job opportunities available to them currently, banks in the UAE are being told NOT to hire nationals unless they’ve worked at their previous employer for three years. It’s an initiative by the Emirates Banks Association to stop the rampant […]
The $220k retail banking roles for Emiratis in the UAE
Any retail banking branch manager positions in the UAE have to be filled by Emiratis and, as we’ve pointed to previously, most national candidates end up in retail or commercial banking positions. Compared to investment banking, where the work is competitive and the hours are long, these roles are relatively easy. And, with the sort […]
UAE nationals still make up just 35% of those employed in the banking sector
The funny thing about Emiratisation in the banking sector is that you only ever hear about individual firms’ proportion of nationals in their workforce when it exceeds the designated 40% quota. Across the UAE, however, there’s still some work to go. The Emirates Banks Association has just held its annual general meeting and, among other […]
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