Convening board members were given a presentation during the meeting on the main features of Tanmia’s action plan for 2005 and its annual report for 2004, which will be submitted to the Council of Ministers.
Tanmia’s financial position and the budget modifications that had to be made in response to the curtailment of Tanmia’s 2005 budget (by 10 per cent compared to 2004) and the non-implementation of the cabinet resolution on the establishment of a skill development fund was discussed at the meeting, in addition to the initiatives adopted toward enhancing Tanmia’s financial resources for its strategic projects.
“The board was convened to examine the progress of Tanmia’s work and debate about the future course of action for the agency,” said Dr. Ali bin Abdullah Al Kaabi. “Tanmia’s work in the past year has been remarkable, given the expansion of opportunities and the flood of well qualified UAE Nationals who are entrants to the market. The vibrancy of the UAE economy is contributing in its measure to the success of Tanmia’s initiative, that not only seek to find jobs for employable Nationals, but also enrich their skills and enhancing their chance of employability.”
However, the main focus of the meeting was on Emiratisation in the various sectors of the UAE economy. The meeting discussed progress of implementation of the Council of Ministers’ resolutions on employment quotas in the Private Sector including banking sector (4%), insurance companies (5%) and in trade companies employing 50 workers or more (2%), and on the full Emiratisation of executive, administrative, clerical positions (and business ownership) of travel and tourism, manpower supply and real estate agencies.
Following the discussions, the board resolved to issue a resolution establishing Tanmia as the central body in charge of managing the Emiratisation process. The Trustees also agreed for the need of revitalizing the Skill Development Fund to support Tanmia’s resources and activities. For achieving Emiratisation, Tanmia will now co-ordinate with local governments as well as step up measures to deny firms not complying with the prescribed Emiratisation quotas the right to obtain work permits and entry visas for foreign labour.
Studies done by Tanmia revealed that in the banking sector only seven out of 47 banks operating in the UAE had achieved their 2004 Emiratisation target of four percent, and that over 19 banks registered a gap of over 10 per cent between the targeted and realized levels, and that the overall Emiratisation percentage realized by the sector was 27.6 per cent. In the insurance sector, only one out of the 46 operating firms achieved the prescribed quota (5%) and that Nationals accounted for only 5.3 per cent of the sector’s overall work force in 2004. Practical steps were agreed upon in the meeting to accelerate implementation of the Cabinet resolutions in order to reverse the modest results.
In the trade sector, 537 firms have furnished the required data while 118 declined. Accordingly, Tanmia has requested the Ministry of Labour to apply the appropriate measures against the non-compliers, and to give the firms who furnished the data a respite up to the end of 2005, in recognition of their timely response.
The meeting also reviewed a report on the Small and Medium Enterprises (SME) Council, a project implemented by Tanmia based on a mandate by the Council of Ministers. The Council is to provide institutional support for this vital sector to attract more Nationals.
Saturday, May 21- 2005 @ 11:52 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.