83% of respondents to a Foreign Exchange and Remittance Group
(FERG) survey believe that it is important for more UAE
nationals to undertake professional education and qualification in
the financial sector.
Over the years through the implementation of various programmes,
FERG has developed numerous career development opportunities for
Emiratis at all levels. These programmes demonstrate the commitment
of FERG to support the Emiratisation strategy of the UAE Government
in line with the UAE Vision 2021, which has set a clear roadmap for
the countryâs transition to a knowledge-based economy.
The survey also found that nearly 46 per cent of the respondents
believed that employment opportunities for finance professionals in
their sector will either increase or remain the same over the
coming few months.
Meanwhile, 61 per cent of respondents believed that technical
education for practitioners in the industry needs to be increased
to improve the industry. Nearly 50 per cent of those surveyed also
said that they believed that investing in human resources is of
medium to high importance.
Mr. Mohamed Ali Al Ansari, Chairman of FERG said: âFERG
is an integral part of the UAEâs growth journey, and we are fully
committed to enable more Emiratis to join the workforce in our
âWe have made significant progress in recent years, and this
is evident through the introduction of various initiatives that
have been utilised by Emiratis from all walks of life.
âLooking ahead, we are excited about the potential of the up
and coming generations of UAE Nationals and look forward to the
opportunity to equip them with the skill sets and tools they
require to achieve their professional ambitions and contribute to a
Mr. Osama Al Rahma, Vice Chairman, FERG commented:
âFERG has developed a long-term plan to help the Emiratisation
process and improve the economic contribution of the national
workforce through training and programmes to increase local talent
âAs an organisation dedicated to the well-being of our sector,
we have also focused on achieving the Emiratisation targets of the
UAE, encouraging our member organisations to recruit more
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