ABU DHABI, (Pakistan Point News - 26th Oct, 2023) The Emirates Institute of Finance (EIF) unveiled in its latest report that the "ETHRAA" Emiratisation programme has secured job placements for 1,100 up-and-coming financial sector professionals in the UAE's leading financial institutions over the past nine months.
The EIF, as the programme's chief executor, designs and carries out plans that span various training programmes, meeting the evolving labour market needs and ensuring future-ready recruitment in the finance and banking sectors. A pivotal part of this approach is to nurture and upscale the skills of existing Emirati professionals.
Khaled Mohamed Balama, Governor of the Central Bank of the UAE and Chairman of the board of Directors of the EIF, stated, "The ETHRAA programme comes in response to the directives of our leadership to accelerate the realisation of Emiratisation objectives, particularly in the financial sector. The ETHRAA career fairs serve as a platform to connect Emirati talents with available job opportunities in the financial institutions operating in the country, preparing them to lead the financial and banking sector and contribute to the UAE's future-building journey."
He added, "We will continue our efforts to support the Emiratisation agenda in the financial sector, which is a fundamental pillar for the country's sustainable economic development."
Since its inaugural career fair in May 2023, the ETHRAA programme has witnessed impressive participation. The first fair, which spanned two weeks at EIF's Abu Dhabi and Dubai campuses, attracted 50 financial entities and resulted in over 800 job placements. In the subsequent fair held in Dubai, 44 financial entities participated, leading to 470 job placements.
The third career fair took place in Sharjah in collaboration with the Sharjah Government Directorate of Human Resources, the "Nafis" programme, and the Sharjah Chamber of Commerce and Industry. This fair maintained the momentum with 70 entities participating, and after conducting more than 2,000 job interviews with banks and insurance companies, 982 candidates were selected.
By 2026, ETHRAA aims to have facilitated 5,000 job placements for Emiratis in the financial sector, with a vision to achieve a 45% Emiratisation rate in the banking sector
