First Gulf Bank denies employment article

First Gulf Bank denies employment article

First Gulf Bank hits back with an official statement that Reuters article claiming the bank prefers nationals to expatriates. Precious de Leon reports.

July 13, 2011 4:08 by Precious de Leon

First Gulf Bank has released a short statement repudiating claims made in a Reuters article, which was published in Kipp on July 6, titled, “Abu Dhabi cuts expat jobs to trim costs, boost locals.”

The original article mentioned that the Abu Dhabi-based financial services company had “laid off scores of expatriates in the last few months.” It quoted an anonymous First Gulf Bank employee who had reportedly been laid off and replaced by an Emirati.

Here is First Gulf Bank’s statement:

In response to the article “Abu Dhabi cuts expat jobs to trim costs, boost locals” posted by Reuters on (July 6, 2011) First Gulf Bank (FGB) would like to clarify that the claims made in this article are incorrect and do not represent the current HR policy of FGB.

FGB is committed to the community in which it operates and is investing heavily in all of its employees both Emiratis and expatriates.

Tags: Abu Dhabi, Banking, Banking & Finance, Emiratisation, employment, First Gulf Bank, Reuters

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3 Comments

Huda Al Nuaimi on July 14, 2011 6:15 am

Why is it that this claim “even if it is not true” perceived to be so “bad” that the Bank felt that they had to issue a statement about this? No one says anything when we as “Emiratis” raise the issue about “unemployment” among us and “Expats” taking on roles that UAE Nationals can simply qualify for. This is our country and being the “minority” in the population, the bank and all institutions should do something similar to develop its Nationals as they are the ones who will continue the journey.
nigel moore on July 14, 2011 6:16 am

I have found First Gulf to be very unprofessional so wouldn’t believe anything they say.
wee itar on July 14, 2011 10:26 pm

Majority of people in other countries look for ‘employment’ to be able to afford food (exotic varieties included), housing (spacious villa), transportation (4×4 gas guzzlers), domestic help (one for each chore), etc. Why should “Emiratis” be any different?