Dubai Financial Market Emiratisation level exceeds 80 per cent

This was announced on the sidelines of the UAE Career Fair being held from March 13-15, 2007.

Ahmed Al Jazeri, Director of Administrative and Financial Affairs, DFM, said: "We are proud to announce that DFM has achieved 80 per cent Emiratisation. This is certainly among the highest Emiratisation levels of any financial institution in the UAE. Through increased Emiratisation, DFM intends to retain the culture of the land and at the same time provide best pratcice services. Such initiatives are aimed at both enhancing the national economy and providing opportunities to talented UAE nationals."

He pointed out that DFM has taken several initiatives for recruiting and training UAE nationals as well as educating them about the intricacies of financial markets. "Apart from our own high levels of Emiratisation, we would like to urge our member companies to increase Emiratisation levels and hire qualified nationals," he added.

In addition, the market has launched "Kafa'at," a special training programme on investment and brokerage for UAE nationals. This programme features a range of courses wherein participants receive high-level academic and practical training about DFM and major financial institutions in the UAE.

As part of its continuous effort to increase Emiratisation, DFM has organised facility visits for more than 3,500 students from different universities and schools in order to educate them about the job prospects in the financial markets, how the markets operate and role of intermediaries. These visits have been taking place on annual basis since the opening of the market in 2000.