Dubai: Abir Abu Shamla

The Emirates Central Bank has announced that it will recognize 1,500 new jobs for citizens in the insurance industry by the end of 2026, according to insurance companies operating in the country. The move comes on the heels of 5,000 jobs approved for citizens by insurance companies operating in the country.

According to the circular, details of the mechanism for implementing the central bank’s initiatives for immigration in the specified sectors will be provided to the insurance companies soon.

The central bank said the move was aimed at developing and equipping nationalized expertise and capabilities with added value in the above areas to contribute to strengthening the national economy and enhancing and enhancing national capabilities. These fields in the future.

The Board of Directors of the Institute of Banking Studies has 9 members instead of 7

He pointed out that the Central Bank’s Board of Directors has decided to restructure and develop training and education programs and programs for Emirates Bank and Financial Studies in line with developments and international best practices. The new mission for the company is to follow the central bank’s initiatives for immigration in the areas specified under the direct supervision of the central bank.

According to the circular, the Governor of the Central Bank has decided to reconstitute the Board of Directors of the Central Bank and that number will be increased from 7 members to 9 members, including the Chairman, whose appointment will be made by the decision of the Board of Directors of the Central Bank on the advice of the Governor and with the Finance Department, which should be amended. The laws of the Company, including other amendments, are represented by the Central Bank on its Board of Directors, transforming the General Body of the Company with all its capabilities, to implement this if necessary legal action is taken in accordance with the laws of the Company.