UAE announces new unemployment insurance scheme for all workers

UAE announces new unemployment insurance scheme for all workers

Dubai:Dubai: UAE workers in the public and private sectors will enjoy unemployment insurance from next year, Abdulrahman Al Awar, Minister for Human Resources and Emiratisation, said on today. The move was part of a series of decisions announced during the Cabinet meeting on Monday, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. The UAE Cabinet approved the unemployment insurance scheme to provide unemployed individuals with income support for a limited period of time. The unemployment insurance scheme aims to strengthen the competitiveness of the job market, provide a social security umbrella for workers in case of job loss and establish a stable work environment for all. According to Al Awar, the unemployment insurance system will be available to all workers in the public and private sectors in UAE, while searching for a job after having lost a job. “The employees who lose their jobs will receive cash support for a period of time until the employee finds another job. The scheme applies to all nationalities in private and public sectors,” said the minister in a media briefing held at the ministry’s headquarters in Dubai. However, investors, domestic