Cookie Consent by Privacy Policies Generator website IDB Achieves Remarkable Emiratization with 30% Emirati Workforce within Less Than a Year of UAE Branch Operations : GoDubai.com

GoDubai
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

The Bank Strives to Increase Emirati Representation Beyond Mandatory Operational Requirements as Operations Expand
Ziad Khalaf:  Emiratization is not merely a compliance measure for IDB, it is the bank's way of contributing to the sustainable economic growth and empowerment of the UAE's workforce


Dubai, United Arab Emirates – Thursday 23 November 2023: The International Development Bank (IDB), the first Iraqi private bank operating in the United Arab Emirates, announces its commitment to Emiratization as it successfully achieved the goal of hiring 30% Emiratis within less than a year of commencing operations in the UAE. Furthermore, the bank affirms its willingness to increase the percentage of Emirati employees as its operations expand, surpassing the mandatory operational requirements. 


In addition to complying with the mandatory operational requirements, IDB considers Emiratization as a genuine effort to contribute to achieving sustainable economic growth in the UAE, while leveraging the local knowledge and expertise of Emirati professionals.
Dr. Ziad Khalaf, Chairman of IDB, emphasized the bank's approach to Emiratization. 'We firmly believe that Emiratization is not just a compliance measure for us. It is our way of contributing to the growth and empowerment of the UAE's economy and workforce, fostering national talent, and supporting the nation's long-term sustainable development. By hiring and nurturing Emirati talent, we not only fulfill our social responsibility but also recognize the value that local knowledge and expertise bring to our organization.' 


Khalaf further announced the bank's intention to go beyond the standard quota and hire more Emiratis as the bank's operations grow. This commitment reflects IDB's dedication to creating a strong and diverse workforce that can drive the growth of the corporate banking sector in the UAE.
IDB's Emiratization efforts are not limited to specific roles. The bank is actively hiring Emiratis across all different departments and levels, ensuring representation and opportunities for Emirati professionals in leadership positions as well as fresh graduates. To further support their success, IDB provides the needed training and development programs to ensure that Emirati employees develop their skills and perform their work to the highest standards.
“This opportunity allows me to contribute my expertise in ensuring financial integrity and risk management within the bank, while further honing my skills in a dynamic and challenging environment. It also provides a platform for personal growth, not only for myself but also as a representative of the talented individuals in the UAE”. – Jawahir Al Balooshi, Senior Internal Audit, IDB.


As the first Iraqi private bank operating in the UAE, the International Development Bank is proud to contribute to the UAE's Emiratization goals. By embracing and empowering local talent, the bank aims to foster a collaborative and diversified environment that supports the sustainable growth and prosperity of the UAE's financial sector.


'I am thrilled to be joining IDB and be a part of their Emiratization initiative. This opportunity provides a platform for me to further develop my skills and expertise. I am excited to work alongside a diverse team of professionals at IDB and make a meaningful impact on the UAE's financial landscape.' – Hessa Al Shamsi, HR and Head of Emiratization, IDB. 


The International Development Bank, UAE branch, is a leading corporate bank dedicated to fostering economic development collaborations between Iraq and the United Arab Emirates. By leveraging its expertise in the banking sector, IDB strives to facilitate financial solutions, investment opportunities, and strategic partnerships that drive economic development and maximize the potential for mutual accomplishments between Iraq and the UAE.

 



Posted by : GoDubai Editorial Team
Viewed 9373 times
Posted on : Thursday, November 23, 2023  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : LM-Exchange-and-Federal-Bank-Celebrates-the-Success-of-Inaugural-Emirati-Employee-Training-Programme
Next Story : National-Bank-of-Fujairah-Celebrates-Successful-7th-NBF-Fujairah-Run-despite-Inclement-Weather-Condi...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
  • STATEMENT BY PRINCIPALS OF THE INTER-AGENCY STANDING COMMITTEE - CIVILIANS ... [30623-Views]
  • IATA and The Weather Company Collaborate to Provide Enhanced Turbulence-Rel... [30332-Views]
  • Royal Jordanian flight touches down in ancient city of AlUla inaugurating n... [29319-Views]
  • 2023 Safest Year for Flying By Several Parameters [9479-Views]
  • In motorsport we definitely need more female role models... the more the me... [8384-Views]
  • Young UAE-based Climate Tech Angel Investors Favor African and MENA Regions... [7987-Views]
  • CARTIER ISLAMIC INSPIRATION AND MODERN DESIGN EXHIBITION AT LOUVRE ABU DHAB... [7987-Views]
  • TIMOTHÉE CHALAMET IN CARTIER AT THE DUNE II WORLD PREMIERE IN LONDON [7901-Views]
  • 30 Years – 30 Days of Winning only at Meena Jewellers [7589-Views]
  • e& reports record consolidated net profit of AED 10.3 billion growing 3% ye... [7351-Views]
  • ROAD TO MUBADALA ABU DHABI OPEN FACILITATES GROWTH OF UAE TENNIS AND INSPIR... [7273-Views]
  • Guinea's Round Table of Donors in Dubai: A Testament to Global Confidence i... [7138-Views]
  • The Department of Energy Reviews 2023 Performance Results and Reports [7060-Views]
  • Louis Vuitton Tops the Global Powers of Luxury Goods 2023 List by Deloitte;... [6941-Views]
  • Landmark Group's Beat Diabetes Walk: A Milestone Event Supporting Dubai Soc... [6925-Views]
  • Presenting the new Bremont Bamford Aurora Limited Edition [6921-Views]
  • Ministry of Finance announces the issuance of a federal decree-law concerni... [6654-Views]
  • The Constellation Meteorite: No Two Dials the Same [6564-Views]
  • GIIS 2024 (UAE): French Mediane Systeme to Host Exclusive Workshop on 5G fo... [6404-Views]
  • ACE MENTORS! US OPEN DOUBLES CHAMPIONS RALLY WITH UAE KIDS AS PART OF DUBAI... [6375-Views]
  • SKEA signs MoU with Sheikh Khalifa Government Excellence Program [6343-Views]
  • Monty Capital Achieves Key Regulatory Milestone With The Acquisition Of DFS... [6240-Views]
  • Luxury Perfumery Pioneer Navitus Parfums Launches in Dubai [6232-Views]
  • Gulfood to lead the way on where the F&B industry goes next, driving invest... [6211-Views]
  • Dubai Department of Economy and Tourism showcases a range of products, serv... [5970-Views]
  • Xiaomi 14 Ultra Makes a Big Entrance in the UAE for the First Time [5908-Views]
  • The American University of Beirut and Queen Rania Teacher Academy Partner t... [5830-Views]
  • Dubai Customs Raises Awareness among 5150 Cruise Ship Passengers about Its ... [5658-Views]
  • Lithuania brings ‘You are what you EAT' approach to the Gulfood 2024 [5654-Views]
  • National Search and Rescue Centre successfully concludes 3rd edition of Int... [5519-Views]
  • DHA launches ‘Assessment of Critical Care and Emergency Transfer Services' ... [5473-Views]
  • Hotpack Global to roll out RECAPP recycling bins to collect 40 tons of wast... [5449-Views]
  • Italy's Food and Beverage Exports to UAE Surge, Notching an 8.4% increase i... [5445-Views]
  • Union Coop Announces Ramadan 2024 Promotions [5437-Views]
  • Union Coop's 'Tamayaz' Program: 913,306 Customers and Growing [5396-Views]
  • 29th edition of Gulfood, world's largest F&B sourcing event, commences in D... [5367-Views]
  • Hakoora Invites Diners to Savour a Tempting Iftar Experience this Ramadan [5273-Views]
  • Recognising Team Effort: Dubai Airports launches OneDXB Chairman Award to c... [5236-Views]
  • Middle East airports expanding in a fast-forward mode to handle zooming pas... [5223-Views]
  • Dubai's Healthcare Sector Witnesses Extraordinary Growth in Facilities and ... [5084-Views]