The annual statistical report for the Emirate of Fujairah for 2024 has revealed a significant increase in the number of female citizens working in the banking and insurance sectors. This number rose to 409 in 2024, up from 351 in 2023, reflecting a growth rate of approximately 16.5%. Consequently, the share of female citizens in the total workforce reached 86.1% in 2024, marking an increase of about 58 employees compared to the previous year. This trend showcases a continuous advancement in empowering national women within financial sectors.
The report indicates that there are 286 Emirati women employed in national banks in Fujairah, alongside 7 women working in foreign banks. Additionally, 116 Emirati women are employed in insurance companies and exchange houses. This progress can be attributed to the support provided by the “Nafis” program, which aligns with the country’s vision and initiatives aimed at empowering and supporting national talent.
The banking and insurance sectors successfully attracted 475 male and female citizens last year, primarily females, which is a positive indicator of the effectiveness of localization policies. This trend enhances the specialized human capital in financial services and supports economic impact and job sustainability.
This accomplishment is part of the central bank’s localization strategy, aligning with the UAE government’s vision for the next 50 years. This vision focuses on attracting new graduates as well as experienced professionals to work in banks, insurance companies, exchange houses, finance, and fintech sectors, with the aim of increasing localization in the financial sector.
The banking sector is committed to offering specialized training programs designed to prepare a new generation of young Emirati leaders, serving as valuable opportunities to refine the skills of recent graduates.
Conversely, the report noted a decline in the number of male citizens in the banking sector in the emirate, decreasing to 66 from 131 in 2023, representing a nearly 49.6% drop.