UAE has announced an unemployment benefits scheme for private and government sector workers, as part of a larger job security initiative launched by the government.
The law reportedly applies to all employees regardless of nationality and will come into effect in 2023.
The benefits do not apply to investors, domestic workers, temporary contract workers, retirees who receive pension, those who newly entered a job, and those under the age of 18.
The amount will be made in monthly cash payments; the system will function like an insurance package where residents pay forward a certain sum every year to the unemployment fund, local media reported.
Employers who lose their jobs under unforeseen circumstances will reportedly receive 60% of their salary, or up to AED 20,000 monthly for a limited time, helping maintain a rolling income.
