Monday, June 24, 2024

Muhammad Bin Rashid: We have adopted an alternative system of end-of-service reward for workers in the private sector and free zones in the country.

Date:

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, on social networking site “X”, formerly on his highness account on “Twitter”, today at Qasr Al-Watan in Abu Dhabi, I. He presided over the meeting of the Council of Ministers. The United Arab Emirates confirmed at the beginning of the continuation of its strategy. This is the ambition of the space technology sector…and its continuation in qualifying and sending more astronauts to the International Space Station…Sultan Al Neyadi, son of Emirati, is the first Arab astronaut on a long mission to the International Space Station on Earth, participating in several scientific experiments in the vehicle, and returning with support and organization. welcome. Mohammed bin Rashid Space Centre, which oversees the integrated program for Emirati astronauts and future space missions.

Also, Sultan Al Neyadi is a role model and role model for millions of young people in the UAE and our Arab region to reach the highest positions in the world. And better, God willing.”

“During today’s cabinet meeting, we have adopted an alternative system for end-of-service rewards for workers in the private sector and free zones in the country. The system will be optional for employers to join. The system will include the establishment of a private sector monitoring body overseen by the Defense and Commodities Authority in coordination with the Ministry of Human Resources and Emiratisation. Savings and investment funds, through which the final rewards of service to workers and employees are saved and invested according to various investment options. To protect the savings of workers representing the end of their services in operating companies and to ensure that they are invested in a safe way to guarantee their rights and achieve stability of their families… Organization Govt. Allows departmental employees to participate for savings and investment purposes.

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Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, said: “Today we have decided to issue a federal law to regulate the weight of heavy vehicles on the country’s roads. . It will be implemented early next year and God willing… will ban… Heavy vehicles with a maximum gross weight of more than 65 tonnes are allowed to use the country’s roads to protect and enhance our advanced infrastructure. Safety levels on our roads.

Further, “Today in the Cabinet meeting, we also decided to establish the Office of the Central Controller of Water and Power Sector with the objective of regulating electricity and water trade between the emirates and borders of the country. . Besides regulating the generation, transmission and distribution of electricity and water in the country… the new office will be under the umbrella of the Ministry of Energy and Infrastructure.

He continued, “Today, during the Cabinet session, we have also approved a new system of rewards and incentives in the Central Government. Financial and in-kind rewards and incentives for three categories… for outstanding annual performance of the employee. .. or for exceptional achievements at the organizational level… or for national achievements that the employee may achieve for the State.” The goal is to ensure flexibility in reward systems to increase competitiveness and sense of achievement for our employees. Central government.”

He concluded, “Continuing to the comprehensive development of our federal legislative body, today we decided to release 11 new federal laws within the Council of Ministers, namely the new law on commerce through technology e-commerce, a new law. Regulation of the Media, Act on Assisted Reproduction and Act to Regulate the Sector. “Foreign…and the law on the use of human genome and other social, economic, health and technological laws create a better legislative environment for the UAE and promote social stability, economic growth and a better quality of life for all, God willing.

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Bill Dittman
Bill Dittman
"Freelance alcohol fan. Coffee maven. Musicaholic. Food junkie. Extreme web expert. Communicator."

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