Banks to increase percentage of Kuwaiti employees

Tuesday, January 16, 2018

Local banks recently received instructions to increase Kuwaiti employees to 70 percent in various banking positions. According to local media report, several leading banks in Kuwait are already managed by Kuwaitis “who have shown remarkable competence and achieved unprecedented success.”

According to report, 33 percent of those positions, including CEOs, their deputies, department managers and heads of various sections are currently occupied by Kuwaitis.

The report also noted that Kuwait Central Bank is very committed to such steps and had earlier urged local banks to set welldefined schedules to put such instructions into practice and limit the use of foreigners for training purposes only.

Express your comment on this article

 
Bajrangi Bhai
Tuesday, January 16, 2018
HOLA

Submit your comments...
     
Disclaimer: The views expressed here are strictly personal and IndiansinKuwait.com does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.

Community News
 

KALA Kuwait handed over the first installment of Rs.10 lakhs to Chief Minister’s Distress Relief Fund. In the absence of the...

It was a dual celebration for the members of North Kanara Association – Kuwait (NKA-K) who came together on Wednesday 15th A...

Kuwait Cricket invites all the young girls and ladies to come forward, join and represent the Kuwait National Women's Team r...

(A soulful induction of musical feu d’artifice in Bhavans Middle East) The magical spell ‘Bhavans Swarasandhya’ that tran...

A LEGAL SEMINAR of Indian Lawyers’ Forum was convened at the residence of Adv. Thomas Panicker, the President of the Forum....