What We Know About Unemployment Insurance in UAE so Far
- Publish date: Monday، 09 May 2022
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His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, chaired the UAE Cabinet meeting, which was held at Qasr Al Watan Abu Dhabi, where an "Unemployment Insurance" was announced.
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His Highness Sheikh Mohammed bin Rashid said "We approved a new unemployment insurance system which constitutes of compensating the insured employee in the UAE with a cash amount for a limited period.. The goal is to enhance the competitiveness of the labor market and establish a stable work environment for everyone."
Read More: UAE Salary Outlook for Year 2022
The unemployment insurance system
Through insurance packages, the UAE Cabinet approved a federal law on the unemployment insurance system. The law constitutes of compensating the insured employee in the UAE with a cash amount for a limited period until finding an alternative job, and enhancing the competitiveness of Emiratis in the labor market, as well as attracting the best international talent to the UAE labor market.
واعتمدنا اليوم أيضاً نظاماً للتأمين ضد التعطل عن العمل .. وهدفه تعويض العامل المؤمن عليه بمبلغ نقدي لفترة محدودة في حال تعطله عن العمل .. والهدف تعزيز تنافسية سوق العمل وتوفير مظلة اجتماعية للعاملين فيه وترسيخ بيئة عمل مستقرة للجميع pic.twitter.com/3l41VjBvvA
— HH Sheikh Mohammed (@HHShkMohd) May 9, 2022
The Cabinet approved several international agreements with a number of friendly countries, including Spain, Slovak Republic, Japan and Philippines. In addition to approving agreements with the International Committee of the Red Cross (ICRC) and MENA RSOO- Regional Safety Oversight Organisation Middle East.