Arab Today, arab today banks lead the way in emiratisation
Last Updated : GMT 12:32:53
Arab Today, arab today
Arab Today, arab today

Banks lead the way in Emiratisation

Arab Today, arab today

Arab Today, arab today Banks lead the way in Emiratisation

Banks lead
Dubai - WAM

It is often assumed Emiratis prefer to work in the public sector, but while growing up Waleed Barhaji never considered it.
"Honestly, some part of me loves hardship. I enjoy obstacles and difficulties and resolving them,” he says. "If something keeps me busy, I am happy to do it, regardless of how long it takes.”
When he was young his dream was to become a dentist.
"My dad used to take me to this dentist in Abu Dhabi. He had a neat clinic and he drove a Porsche. When you are at such an impressionable age, you want to be like him. He had a nice life and was his own boss,” says Mr Barhaji.
Fast forward a few years and he was seriously considering a career in finance after he heard Citibank was looking for trainees.
At the time he was still in college studying for a bachelor's degree in business administration.
"I saw this as the best opportunity. I said to myself: ‘let me apply and work at the same time as I study', and so I joined Citibank's Dubai office in 1999.”
Today he is the head of distribution channels and unsecured assets at Noor Bank, an institution where Emiratis comprise more than 40 per cent of the workforce.
"Noor Bank has prioritised Emiratisation initiatives since inception in 2008 and ensured Emiratis have the opportunity to develop and grow in the financial sector,” says Hind Alattar, the head of human resource operations at Noor Bank.
"We intend to continue to maintain the Emiratisation ratio above 40 per cent and put initiatives and programmes in place to increase it further.”
But the bank does not only take on Emiratis with banking experience such as Mr Barhaji.
Its policy has been to hire and train people with potential, such as Badreya Al Dashti, an architectural engineering graduate with no experience in the financial industry.
When she graduated in the late 1990s, Dubai was a very different place. There were few large construction projects under way. Faced with a choice between pushing paperwork for Dubai Municipality or working in the private sector, she opted for the latter.
She worked for Al Futtaim arranging the layout of Ikea and was happy doing it.
"After a while I started to think about what was next. A friend gave my CV to a recruiting agency. The next day I got a call from the agency saying that a U.A.E. bank had openings for new graduates. I said: ‘I don't have any experience and have never been in a bank',” says Ms Al Dashti.
"She replied that the bank is going to train you. I was interviewed by the bank, and was shortlisted and chosen.”
Today she is the bank's head of public sector and large corporates unit and grateful for the opportunity Noor gave her.
"They always expressed belief in me and my ability, and I have seen them do the same with many of my colleagues,” she says.
The Emiratisation rate in Noor Bank is impressive, but in some institutions in the sector it is even higher. The Central Bank of the U.A.E. leads the way with a 64 per cent ratio at the end of the first half of this year.
In the private sector, Abu Dhabi Islamic Bank's Emiratisation rate stood at 48 per cent at the end of last year – substantially higher than the average rate for national banks at 34 per cent. By comparison, just 21 per cent of the workforce in non-national banks are Emiratis, according to WAM.
But banking can be a hard sell among Emiratis. Banks do not tend to be their favourite industry for a number of reasons, according to Mr Barhaji.
"Banks do not follow the Government in terms of holidays and working hours. Emiratis have an active social life. The other thing is that they don't see a lot of progress in this industry,” he says.
It may not be easy to encourage Emiratis to enter banking, but the banks' Emiratisation efforts are considered to be ahead of the rest of the private sector.
"Whenever you have a conversation with private sector companies, they always say don't compare us with the banking sector. The banking sector also says the same thing,” says Abdul Al Hashimi, the managing director of Next Level Consultancy, a management company which specialises in Emiratisation.
Non-banking private companies say that nationalisation in the banking sector started a long time ago.
"There is a higher percentage of nationals in the banking sector and it is more mature. At the same time the banks would tell the private sector our challenges are bigger because the culture we have, we are obligated to fulfil, is maybe 10 times higher than what the private sector would have,” says Mr Al Hashimi.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today banks lead the way in emiratisation Arab Today, arab today banks lead the way in emiratisation

 



Arab Today, arab today
Arab Today, arab today Kanye West puts hijab-wearing model

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 17:36 2017 Monday ,13 February

Designer prepares to present 2017 collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday