How the UAE’s new unemployment insurance will protect workers and benefit businesses – Arabian Business

How the UAE’s new unemployment insurance will protect workers and benefit businesses – Arabian Business

The UAE Cabinet has adopted an unemployment insurance system, which aims to compensate insured workers with cash for a limited period in the event of unemployment, Sheikh Mohammed bin Rashid Al Maktoum revealed in a post on Twitter.

The initiative was initially revealed by the Vice President and Prime Minister of the UAE as part of a sweeping set of new regulations, policies, and executive decisions, following a UAE Cabinet meeting at the Qasr Al Watan Palace in Abu Dhabi.

“The unemployment insurance system aims to enhance the competitiveness of the labour market, provide a social umbrella for its workers, and establish a stable work environment for all,” Sheikh Mohammed bin Rashid said in a post on Twitter.