Stop Hiring Foreign Workers News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Kuwait Asks Banks to Employ Citizens in Top Leadership Positions Apr 14 2021, 7:51 PM April 14 2021, 3:02 PM April 14 2021, 7:51 PM (Bloomberg) -- (Bloomberg) -- Kuwait’s central bank asked local lenders to employ its citizens to leadership positions as Gulf nations expedite their push toward nationalization. Kuwaiti nationals should comprise at least 70% of the banking sector’s upper and middle-level managements, the regulator said Wednesday. Banks will have until the end of 2023 to implement the changes. It follows similar moves in countries like Saudi Arabia and the United Arab...