UAE Jobs: New Unemployment Insurance For Workers

 New Insurance to Protect Employees against Job Loss

By Shaifal Sayyed         Published: Sat 7 May 2022, 2:30 

                                                 Last updated: Sat 7 May 2022, 3:30 PM

Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai announced a new insurance scheme to protect employees against job loss.

This new unemployment insurance scheme will offer a cash amount for a limited period of time to the insured person if they suddenly lose their job. They will be compensated for a certain period of time.

“The aim is to enhance the competitiveness of the labour market in the UAE, protect employees and establish a stable work environment,” tweeted His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

Recently Dubai has also announced a five-year green visa to attract skilled professionals, Investors, and Freelancers which offers longer grace periods that reach up to six months to stay in the country after the residence permit is cancelled or expired.