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Peter Baltussen – Q&A

by Executive Staff

E What are the top three most challenging issues CBD faces today? How can they be solved? Without hesitation, I think that the number one issue is hiring and retaining quality employees. The business has been growing at such a fast pace; CBD as an example has been doubling its business in the last 18 months. New banks have been established, and UAE nationals in particular are in high demand. There is a responsibility for all banks to recruit, train and retain them, but it’s not easy as there are so many good opportunities for young people entering the field. Another important challenge is inflation. I believe that inflation, more and more is becoming a critical issue, and it’s become more difficult to control imported inflation. The UAE does not have an independent monetary policy as it is following the US in relation to the dollar-peg. Fighting the double-digit inflation

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