Thursday, July 18, 2024

Raising Emirati rates and approving unemployment insurance will improve the business environment in the UAE


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The announcement by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, was confirmed by the Hon’ble Minister of Human Resources and Hon’ble Dr. Abdul Rahman bin Abdul Manan Al Awar, Minister of Human Resources. A decision to raise the target of federal legislation on emirate rates and unemployment insurance, which is a new station. It is one of the centers for improving the business environment in the United Arab Emirates, contributing to the advancement of national skills and personnel. Partnership with the private sector to increase the attractiveness of the labor market in the country and to attract local and international talent through a set of incentives and safety nets that support healthy and sustainable economic growth.

This happened during a press conference organized by the Ministry of Human Resources and Immigration today at its headquarters in Dubai on the new federal law on unemployment insurance and the decision to increase the current emirate rates to 2% per annum for skilled jobs. Private sector companies with 50 or more employees and by 2026 are expected to achieve an overall growth rate of 10%.

He explained that the next stage would be to prioritize economic development and achieve human capital to achieve the goal of “creating the best and most dynamic economy in the world”. Community and individuals, promoting and supporting local resources, ensuring the flexibility of the economy and integrating the country’s position as capital for talent, companies and investments.

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He emphasized the need for intelligent leadership to strengthen the role of national workers, to empower them at all levels and to participate effectively and creatively in the country’s labor market. And supports the business growth of private sector companies and emphasizes the importance of their contribution in starting economic sectors.Innovations, innovations and increasing stability in the labor market.

Dr Abdul Rahman Al Awar said the decision to increase the Emiratisation percentage annually in the private sector comes with unprecedented advantages in the private sector, including reducing the Ministry of Human Resources’ fees by about 80%. Achieve quality achievements in the recruitment and training of citizens in partnership with the competition program.

As part of amendments to certain provisions of the Cabinet decision on initiatives, the conference reviewed the opportunities provided by the Cabinet’s approval to raise the current immigration target for private sector companies and companies with 50 or more employees to 2% per annum. And competition programs for Emirati cadres “Nafis”. This opens new frontiers for qualified national employees with expertise and skills within the private sector.

His Excellency Dr. Abdul Rahman Al Awar stressed that raising the Emirati rates by 2% annually until 2026 provides new options for national skills and abilities, especially among the youth, in the labor market, within local, regional and international organizations. And expanding their businesses in the region based on the integrated and flexible business offered by the United Arab Emirates.

He noted that the resolution was aimed at strengthening the private sector and contributing to the achievements of the Nafis program. Over the next five years, concessions to companies in the private sector will help accelerate plans to integrate Emirati employees into the labor market and provide them with the national staff and skills they need.

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The Cabinet approved the Federal Law on Unemployment Insurance through Insurance Packages, which aims to ensure that the worker has an income during his or her unemployment hours until alternative employment is available.

His Excellency Dr. Abdul Rahman Al Awar, Unemployment provides a social security umbrella and guarantees a decent life for workers, and attracts and maintains the best international talents of creative, reputable and talented workers.

The United Arab Emirates is interested in leadership at all levels and today proudly records its adoption of this innovative unemployment insurance system that enhances the competitiveness of the labor market and attracts global talent through solutions that include all workers. Both the private and public sectors rely on innovative methods.

He stressed that the unique guarantees provided by the organization at the level of all workers in the country enhance the business environment of the UAE and enhance its ability to attract and retain the best international talent from skilled workers by minimizing business risks. Attracts talented people who can contribute to launching projects and accessing the economy.

Al-Awar added: “We were interested in this system being characterized by flexibility, which would allow it to acknowledge additional benefits with the labor insurance service provider … while at the same time reducing the risks in the labor market for individuals and increasing flexibility for companies to cope with changes and thus improve the level of competitiveness. And support a stable standard of living for families, even during off-peak hours.

He pointed out that the Ministry of Human Resources and Immigration would play its key role in this organization with the aim of protecting the rights of workers and improving and improving the business environment. Insurance service providers need to ensure that employees and companies achieve the best results. “

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Dr. Abdul Rahman Al Awar, New Decisions, Raising Unemployment Insurance System or Emirate Rates, Improves the Economic Capacity by Attracting Capacity and Capacities of the UAE Economy in the Medium and Long Term. Starting global and new economic sectors, diversifying income sources and improving the national workforce and laying the foundation for a flexible business environment that is adaptable to global changes and transformations and working for a sustainable diversified economy.


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

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