New year in UAE: 3 new laws, initiatives that take effect from today

New year in UAE: 3 new laws, initiatives that take effect from today

The UAE broke multiple world records as it ushered in 2023. And the new year is all set to be yet another momentous one for the country. Several initiatives have already gone into effect as 2023 dawned in the country. From boosting employees' wellbeing to a ban on plastics in an emirate, here's how the year is already looking up.

Unemployment insurance scheme

Emiratis and expats employed in the private sector and federal government departments will get a form of social security if they suddenly lose their jobs. The unemployment insurance scheme will offer financial support of up to three months if an employee is terminated.

The subscription to the unemployment insurance scheme will start on January 1, 2023, and the ministry has also called on UAE nationals and residents working in the federal government and private sector to subscribe to the scheme.

The subscription fees depend on the employee’s basic salary. Those with a basic salary of Dh16,000 or less have to pay a subscription fee of Dh5 per month (Dh60 annually) and are eligible for monthly cash compensation up to Dh10,000.

The second category of people, whose basic salary is higher than Dh16,000, must pay Dh10 per month (Dh120 annually) and is entitled