UAE - Mubasher: The UAE Banks Federation (UBF) announced it has held its CEOs Advisory Council meeting on Monday in Dubai to tackle recent developments, issues, and advancements in the finance and banking sector in the UAE.
Directed by the UBF’s chairman AbdulAziz Al Ghurair, the meeting has placed a high priority on Emiratisation, according to a press release.
The meeting has shed the light on a number of topics, including the progress of UBF programmes and initiatives, advances on Emiratisation efforts, the latest finding from the federation’s Trust Index Survey, and the anticipated Middle East Banking Forum (MEBF) in November 2019.
AbdulAziz Al Ghurair said: “The recent announcement of the creation of more than 20,000 jobs for Emiratis in top-tier sectors, including banking, has driven us to focus on Emiratisation efforts within banks, and evaluate ways of working together to enhance the skills and expertise of UAE nationals.”
“Additionally, we are confident that the banking sector will continue progressing and evolving in lieu of the highly positive results from the recently announce Trust Index Survey 2018,” Al Ghurair added.
The UBF has been in charge of underpinning the progress of the UAE’s vision to strengthen the society in all terms for the sake of a sustainable and diversified economy.
The federation’s plans and initiatives in the banking sector adopt innovation and digitisation in order to provide seamless access to multiple government and non-government services.
Banks will be embracing a new mobile app UAE Pass starting from November to enable individuals to conduct financial transactions, upload documents, validate documents and share data, the UBF noted.
Moreover, the Emirates Digital Wallet, a digital solution aiming at promoting financial inclusion and driving a cashless society, is also being developed and will be launched soon, the federation indicated.
During the meeting, the council also discussed the upcoming seventh edition of the Middle East Banking Forum (MEBF) to be held on 12 November 2019 under the theme ‘Unlocking the Future, Shifting the paradigm’.
The MEBF is set to attract more than 500 delegates including governors, c-executives from banks, financial regulators and private sector entities to consider opportunities in the financial industry.
