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Localization of banks is an important step to secure the future of UAE nationals

Dubai, 02 November, 2015

Mohammed Misbah Al-Nuaimi, Managing Director and CEO of Mawarid Finance, said that “the localization strategy of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, in the banking and insurance sector is an important step to secure the future of UAE nationals, as these sectors constitute the main employment avenues for citizens, after the Government”. According to Mr. Al Nuaimi this strategy will reflect positively on the Emirati labor market by providing better opportunities for UAE citizens and promoting their expertise and active participation in different sectors of the economy He added that Mawarid Finance based its leadership planning with main focus on Emiratization and provided job opportunities for UAE citizens both at general management levels and other areas, in-line with the new localization strategy . He stated that this strategy came from the philosophy of the wise leadership and is consistent with the goals of the national agenda and UAE’s vision for 2020 He also lauded the efforts of the leadership of the state, in securing the best for the future of UAE citizens by providing more opportunities for both genders of the national workforce. Specialization in different sectors help to secure the best for the sons and daughters of the country .This strategy promotes them to take a role in the banking sector, which is considered today as the backbone of the national economy. He assured the keenness of Mawarid group in fully cooperating with the concerned authorities to promote the ambitions of the wise leadership and to promote employment opportunities for UAE nationals within all departments and branches of the Group in line with the localization strategy of the banking sector in the country.