Tamkeen and Jasmi's Corporation Partner to Boost Bahraini Employment and Career Development | Kanebridge News
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Tamkeen and Jasmi’s Corporation Partner to Boost Bahraini Employment and Career Development

The Labour Fund Tamkeen has announced a strategic partnership with Jasmi’s Corporation W.L.L. to strengthen Bahraini employment and career advancement.

Tue, Jun 4, 2024 1:03pmGrey Clock 2 min

With the support of Tamkeen’s National Employment Program, Jasmi’s Corporation has generated employment for 21 Bahrainis across various departments. Furthermore, 52 existing Bahraini staff members at Jasmi’s will receive salary increases through Tamkeen’s Wage Increment Program.

This initiative aims to strengthen the local workforce and enrich career prospects at the prominent quick-service restaurant chain.

Tamkeen’s Chief Growth Officer, Mr. Khalid AlBayat

Tamkeen’s Chief Growth Officer, Mr. Khalid AlBayat, stated, “Guided by our mandate to make Bahrainis the first choice of employment, we support enterprises that create employment opportunities and career growth for local talent. This support will help Jasmi’s Corporation enhance employee motivation and productivity while fostering a supportive work environment and contributing towards a more robust business ecosystem. Through our cooperation with local partners, we remain committed to nurturing sustainable growth and development, through supporting all sectors including the hospitality and restaurants, which topped all economic sectors in terms of growth rate in 2023 and contributed 1.8% of real GDP.”

 

Jasmi’s Corporation Vice-President, Adnan Al Ameen

Jasmi’s Corporation Vice-President, Adnan Al Ameen, remarked, “As a Bahraini organization that originated as a small family business, we have always been committed to empowering Bahraini talent. We are grateful for Tamkeen’s support, which strengthens our own Bahrainization efforts while enabling us to create new job opportunities for Bahrainis. This will help us sustain the growth of our business while rewarding our existing high performers.”

A well-known entity in Bahrain’s restaurant landscape, Jasmi’s Corporation has been a significant player in the food service sector since its founding in 1986. Operating 50 stores strategically located across the Kingdom, including affiliated companies like Le Chocolat, Jio Chicken, Marash, and Bayt Al Ameen, the corporation continues to enhance its market presence and substantially contribute to the local economy.

Aligned with its 2024 strategic priorities, Tamkeen’s initiatives are designed to create an economic impact and boost the private sector across three main pillars: increasing economic participation by creating job opportunities for new entrants, expanding career development options for the Bahraini workforce, and enhancing the private sector by supporting businesses and promoting productivity and technological adoption.



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Innovative Future-Driven Initiatives unveiled by UAE Ministry of Finance Unveils

New initiatives to drive the country’s future growth and boost its global competitiveness.

Fri, Jun 21, 2024 3 min

The UAE Ministry of Finance has introduced a series of innovative initiatives aimed at propelling the country towards future growth and boosting its global competitiveness. These initiatives align with the ‘We the UAE 2031’ vision and support the UAE’s ambition to establish itself as a global hub for the new economy over the next decade.

These initiatives are designed to create significant positive impacts across all sectors in a short timeframe. They play a crucial role in accelerating the UAE Government’s strategic foresight objectives, with a strong emphasis on financial outcomes that align with the ‘We the UAE 2031’ vision. This vision requires intensified efforts to meet key national indicators, which will positively influence society and the country’s diverse industries and sectors.

The UAE Ministry of Finance today announced the implementation of transformational projects that support the country’s efforts to transition towards the future and enhance its competitiveness, in line with the ‘We the UAE 2031’ vision and the UAE’s efforts to become the global hub for the new economy over the next ten years.

These projects are unique in achieving a significant positive impact in all sectors within short periods of time. These projects support the UAE Government’s efforts to accelerate the achievement of the government’s foresight objectives, with a focus on achieving financial results in line with the ‘We the UAE 2031’ vision, which requires doubling efforts to achieve key national indicators of the vision positively reflecting on society and the country’s various industries and sectors.

His Excellency Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, highlighted that the UAE, in its second 50-year journey, prioritizes developing governmental work to be able to meet the future requirements of the nation by adopting new methodologies and ways of working through the digital transformation. He noted that these are pursued by the UAE to achieve a quantum leap in project implementation, budget preparation, and resource management.

His Excellency emphasized the Ministry’s efforts to develop government services by focusing on areas that enhance the competitiveness of the economic environment and its ability to attract foreign investments. Among these efforts are empowering Emiratis to represent the UAE internationally.

Transformational Projects

The first project, ‘Developing the Local Debt Capital Market in the Country’, is a joint project with the Central Bank of the UAE by establishing programs for issuing local public debt instruments, represented by bonds and Islamic treasury sukuk in dirhams, and primarily trading them in the primary and secondary local markets, aiming to build and enhance the yield curve in UAE dirhams and provide reference pricing points for local financing operations carried out by financial institutions within the state, thereby enhancing market activity, expanding the investor base, and developing a highly efficient financial market in the UAE.

The Ministry of Finance is also working on implementing the project ‘Enhancing the Presence of Specialized Emirati Leadership in the Financial Field at International Forums’ which serves as the main supporter in making the UAE the most prominent in international cooperation over the next ten years. This is a joint project with the Ministry of Foreign Affairs, aimed at investing in empowering national talents to occupy Emirati memberships in leadership positions within international organizations, their committees, or federations linked to the country’s agenda. This will enhance the UAE’s presence in international forums and support its participation in shaping international strategic decisions and building economic partnerships with countries worldwide, through the leadership and membership of national talents from the Ministry of Finance in various international organizations, forums, and boards of directors.

 

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