UAE to introduce unemployment insurance for all workers

The applicants should have a valid employment contract in the UAE, and should be classified in the first or second occupational level as per the Ministry of Human Resources and Emiratisation classification (REUTERS)Premium
The applicants should have a valid employment contract in the UAE, and should be classified in the first or second occupational level as per the Ministry of Human Resources and Emiratisation classification (REUTERS)
 1 min read . Updated: 13 May 2022, 11:27 AM IST Livemint

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The UAE to provide unemployment insurance to all workers in the country, state-run WAM news agency reports.

  • Plan is part of efforts to attract and retain employees by reducing business risks
  • Employees who lose their jobs will receive cash support for a period of time until the employee finds another job, Gulf News reports, citing Abdulrahman Al Awar, Minister for Human Resources and Emiratisation
  • As of 2023, employees will have to contribute to unemployment insurance plan through insurance companies
  • Unemployment insurance fees may range between 40 dirhams and 100 dirhams per year; plan will include paying 60% of the worker’s basic salary for a certain period
  • UAE workers in public and private sectors to benefit from program; it applies to all nationalities
  • NOTE: The UAE, made up of seven emirates including Dubai and Abu Dhabi, has been introducing new labor regulations that make it easier for foreigners to work
    • Foreign residents make up more than 80% of the population of the UAE and have been a mainstay of the economy
    • UAE Cabinet Approves New Entry, Residence Scheme for Foreigners

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