IndiansinKuwait.com - India Kuwait News and updates

IndiansinKuwait.coom

Up to 70% Kuwaitization in upper and middle management jobs in Banks by the end of June

Wednesday, April 14, 2021
Up to 70% Kuwaitization in upper and middle management jobs in Banks by the end of June

All local banks in Kuwait are given a deadline to make up to 70 percent Kuwiatization in upper and middle management jobs in the bank. According to local sources, the Central Bank of Kuwait issued a directive to submit a plan approved by the boards of directors that shows a clear path for achieving Kuwaiti nationals employed 70 percent in upper and middle management positions.

The Central Bank set a deadline for banks to submit their plans before the end of June.

The circular came within the framework of strategic endeavor to enhance national competencies in the banking sector at all job levels and its constant interest in developing job opportunities for Kuwaiti citizens.

Many expatriates, including Indians, are working in upper and middle management positions in local banks. With this new directive, Central Bank clarified that the Kuwaiti nationals must occupy 70% of all local banks' upper and middle management positions.


  IndiansinKuwait.com is now on WhatsApp Channel    Follow Channel


📣 IndiansinKuwait.com is now on Telegram. Click here to join our channel (@IIK_News) and stay updated with the latest headlines

Read this article online at

Express your comment on this article

 
Erny
Monday, April 19, 2021
"Upper & Middle Management Jobs"

I might sound sarcastic here, Excuse me for that but just needed to express an honest side to it.

Most employees in these positions use the words FYI & FYA. So they think these positions are easily replaceable.
Real challenge is to replace non managerial staff where the work gets done.

Imran
Saturday, April 17, 2021
They are texting the talents of Kuwaiti citizens and slowly asking expat to leave country.

Siddharth
Friday, April 16, 2021
70% is a joke!! It''s the prerogative of any nation to develop and encourage it''s human capital.Thrre are talents no doubt but not enough to justify CBKs current directive. Most local banks already have a ''non-kuwaiti annexe '' firms (mostly IT staff ) setup to bypass previous rulings..Looks like they will extend this tactic in other areas!

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

 
BSK Family Sports Meet 2024

Billava Sangha Kuwait Family Sports Meet was held on Friday, 19th April 2024 at Fintas Park, Kuwait with Billavas getting to...

Indian Muslim Welfare Association (IMWA) Holds Annual Picnic and Commemorated Dr. Mirza Umair Beg

The Indian Muslim Welfare Association (IMWA) hosted its highly awaited annual picnic at Al Rawda Garden in Kuwait on Friday,...

KCICAI hosts event on “Importance of Healthy Sleep Habits”

The Kuwait Chapter of The Institute of Chartered Accountants of India (KCICAI) recently organized a thought-provoking event ...

IDAK Inaugurates Scientific Activities with Study Club

The Indian Dentists Alliance in Kuwait (IDAK) commenced its scientific endeavors for the term with the first study club ti...

IBPC Honors Academic Excellence at Meritorious Awards Ceremony

The Indian Business and Professional Council (IBPC Kuwait) held its esteemed 'Meritorious Awards' function at the SIMS sch...

go top