Dubai Financial Market achieves 80 per cent Emiratisation

Essa Kazim, Director General of DFM, said:

'We are proud to announce that DFM has achieved 80 per cent Emiratisation. This is probably the highest Emiratisation by any financial institution in the UAE. Through higher Emiratisation DFM intends to retain the culture of the land and at the same time provide best of the breed services. These initiatives are aimed at enhancing the national economy and providing opportunities to 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 higher levels of Emiratisation, we would like to urge and encourage our member companies to increase Emiratisation levels and hire qualified national cadres,' he added.

As part of its continuous effort to increase Emiratisation, DFM has been organising 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.

DFM has been conducting training courses for more than 40 students every year in coordination with several colleges and schools. In addition, the market has launched 'Kafa'at', a special training programme on investment and brokerage for UAE nationals. This programme features several courses wherein participants receive high academic and practical training about DFM and big financial institutions in the UAE.