VOL. XXXII
NO. 5
7-NOVEMBER-1988
Financial and Banking News
REGIONAL BANKING
UAE Banks Obliged to Raise Local Employment
According to the Deputy Governor of the Central Bank of the UAE, ShaikhMuhammad ibn Sultan al-Dhahiri, as quoted in the Sharjah daily al-Khaleej lastweek, only 6.3% of the employees of commercial banks in the country are UAEnationals. The Central Bank has told banks to achieve a minimum local employmentlevel of 10% by the end of the year, and specified a 20% local employee quota...
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