The board additionally authorized an modification to the financial institution’s notifications relating to most charge limits imposed on licensed monetary establishments
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The board of the Central Financial institution of the UAE authorized the Emiratisation of managerial positions within the banking and insurance coverage sectors, by approving the creation of 5,000 new jobs by the tip of 2026.
This was finished in coordination with the Emirates Institute for Banking and Monetary Research and the Emirati Expertise Competitiveness Council.
Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs, and Chairman of the Board of Administrators of the Central Financial institution of the UAE (CBUAE), chaired the assembly of the board, held at the moment in Qasr Al Watan.
The board additionally authorized an modification to the financial institution’s notifications relating to most charge limits and commissions imposed on licensed monetary establishments and agreed to amend the scope of labor of the financial institution’s “Banking Threat Centre” relating to the bounced cheque system.
The assembly additionally mentioned the implementation of the council’s directives from earlier conferences.
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