Will expats be covered? UAE to come up with unemployment insurance soon, says PM. Read details here
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It is still unclear if the rule will apply equally to both, citizens and non-citizen residents in the UAE. Gulf states like Kuwait, Qatar, Oman and Saudi Arabia, have some form of unemployment support for citizens. Not just this, Bahrain also has a form of jobless insurance for the non-citizen resident workers. In Gulf countries, foreigners have permission to reside on the basis of employment and the loss of job means the worker has to leave the country
A form of unemployment insurance is going to come up in the United Arab Emirates soon.
The vital announcement was made by the cabinet on Monday.
This comes as the latest reform introduced by the Gulf nation to attract talent and investment as the economic competition intensifies in the region.
Citing a cabinet decision, UAE Prime Minister and Vice-President Sheikh Mohammed bin Rashid al-Maktoum said on Twitter that insured workers will get some amount of money on getting unemployed for a limited period of time. UAE PM is also the ruler of Dubai.
"The intention is to strengthen labour market competitiveness, provide a social umbrella for workers and establish a stable working environment for all," the statement said.
It is still unclear if the rule will apply equally to both, citizens and non-citizen residents in the UAE.
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Gulf states like Kuwait, Qatar, Oman and Saudi Arabia, have some form of unemployment support for citizens. Not just this, Bahrain also has a form of jobless insurance for the non-citizen resident workers.
In Gulf countries, foreigners have permission to reside on the basis of employment and the loss of job means the worker has to leave the country.
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(With inputs from agencies)