UBF hosts its annual Committees' Chairpersons meeting to discuss key initiatives and priorities for 2019
H.E Al-Ghurair commended the valuable contributions of the 20 committees towards developing and sustaining a thriving banking sector in UAE
19 December 2018
UBF recently held its annual meeting for Chairpersons of its 20 specialized technical committees, today (December 19, 2018) in Dubai, to review the achievements and initiatives of 2018, as well as the priorities for 2019 which primarily include Emiratization, SMEs Finance, Digital Transformation, AI & Robotics, Blockchain, FinTechs, AML, and Cybersecurity. The meeting was presided over by H.E. AbdulAziz Al-Ghurair, Chairman of the UAE Banks Federation.
H.E. AbdulAziz Al Ghurair said: “The year 2018 was a remarkable one for UBF as we achieved new milestones by introducing several initiatives and strengthening our collaboration with the banking industry regulator and other stakeholders. The unwavering commitment and unequaled contributions of our committees have been instrumental to the fruitful outcomes of our endeavors, and therefore, I would like to extend my deepest gratitude to the chairpersons and members of the committees for their dedication and hard work toward the development, growth, and progress of the banking sector. I am optimistic that brighter prospects are on the horizon and we will strive together to sustain the success of our initiatives in 2019 and during the years to come.”
The meeting lauded various initiatives launched by UBF and its committees during 2018, including continued efforts to further collaborate with the Central Bank of the UAE and other stakeholders to enhance the banking sector.
The success of the Middle East Banking Forum 2018 also attracted praise from the attendees of the meetings. Held on November 11 under the theme, ‘Banking 10 years from now,’ the forum gathered 24 prominent speakers and over 500 delegates from 38 countries. It also commended UBF’s successful hosting of ‘Regulatory Compliance in a Changing World’ forum in Abu Dhabi & The Cyber Security Conference "HIMAYA" in Dubai.
The meeting also hailed the release of the fully integrated financial literacy handbooks for Individual consumers as well as small and medium enterprises (SMEs) in the UAE. Launched in line with the UBF’s objective to promote financial education, the ‘Financial Literacy for Individuals’ handbook offers individuals all basics required to make efficient and coherent financial decisions based on four different aspects such as planning, borrowing, saving, and investing. On the other hand, the ‘Financial Literacy for SMEs’ handbook seeks to equip small business owners with knowledge and skills that will enable them to make sound financial decisions and ultimately operate their businesses successfully.
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