Kuwait banks told to increase Kuwaitis in positions
The Central Bank of Kuwait has asked banks in the country to intensify efforts to increase the number of Kuwaitis in executive positions. The aim is to reach at least 70% of local people at all levels. The central bank has sent a circular to all the banks, saying this trend is carried out within the framework of professional procedures that clearly show a significant development of the target ratio, based on a timetable, showing the current employment ratios of each bank and how they reach this goal in executive positions. It has specified the exercise should be completed by the end of March. The Central Bank had stressed during these discussions the importance of raising the proportion of national employment in local banks to meet the target, especially in executive positions. This directive is supported by the recent cabinet decision, which raised the national employment ratio of non-governmental organizations in a new update regarding the determination of national employment rates.