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Arab Bank, the First Bank to Join the Ministry of Labor’s Golden List

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The Minister of Labor, Dr. Nidal Al Katamine, stated that the idea behind the Golden List is to enhance the overall labor market based on modern model standards, and to help existing institutions excel under such criteria. In the long run, with the utilization of several facilities and privileges, institutions that abide by labor and workforce laws will eventually improve the labor market under the latest local and regional standards. This enhancement will be to the advantage of all stakeholders including the government, business owners, and employees. The motivational notion of the Golden List also works on encouraging the private sector to increase the rate of Jordanian employees, provide the workforce with additional benefits, and to abide by occupational safety and health standards. The aforementioned was all clarified during a meeting with the CEO of Arab Bank, upon handing him the Golden List certificate.

Al Katamine strongly urges private-sector institutions to join the Golden List. He explains that institutions which fall under its criteria will be entitled to an exceptional expedition in completing the necessary documentation, in addition to being exempted from letters of guarantee, which are required by certain transactions. In addition to a package of other facilities, said institution will also be granted the privilege of performing their own self-inspection and have it reviewed by the ministry.

CEO of Arab Bank, Mr. Nemeh Sabbagh, stated that joining the Golden list and being the first bank in Jordan to receive its special certificate from the Ministry of Labor is a reflection of the leading role that Arab Bank plays in the Jordanian labor market, as one of the largest employers of the skillful l workforce in the financial sector. He further noted, “This recognition from the Ministry of Labor towards Arab Bank’s constant efforts in employing Jordanians and creating the ideal workplace, embodies the effective collaboration between the private and public sectors. Such collaboration contributes to the sustainable economic and social development of the Kingdom.” Sabbagh also expressed his sincere appreciation to the Ministry of Labor for their efforts in extending supportive policies and programs, such as that of the Golden List, which improve the Jordanian labor market, enabling it to reach the highest levels based on best practices and international standards.

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