Safety net provided by UAE unemployment pay will prevent poverty and distress, experts say – Arabian Business

Safety net provided by UAE unemployment pay will prevent poverty and distress, experts say – Arabian Business

Expat and Emirati employees across the UAE’s public and private sectors will now have a safety net in the event of a job loss thanks to the new unemployment insurance scheme, which will in turn prevent poverty and distress in the nation, experts told Arabian Business.

The UAE’s Ministry of Human Resources and Emiratisation has stated that the new unemployment pay programme – which was initially announced by the Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum in a post on Twitter – will be applicable to all UAE citizens and residents.

The unemployment insurance programme will offer each UAE resident the option to pay a minimum of AED 40 and a maximum of AED 100 per year into an insurance scheme.