The Arab Investment and Export Credit Guarantee Corporation has reported that the Arab region’s GDP grew by 1.8% last year, reaching over $3.5 trillion. This growth comes despite ongoing wars and conflicts in the region, particularly the recent violent conflict in Gaza and other neighboring countries. While some economic indicators reflect positive progress, rising unemployment...
The Ministry of Human Resources and Emiratisation (MOHRE) announced that by the end of 2024, 83% of the targeted private sector workforce was covered by the Unemployment Insurance Scheme. This innovative scheme is designed to protect workers against job loss by providing them with monthly cash compensation based on their basic salary as noted in...
Workers in the UAE are now required to renew their Involuntary Loss of Employment (ILOE) insurance for a two-year period, as per an update highlighted by Gulf News. This change aims to prevent policy lapses and reduce the frequency of renewal reminders, offering greater convenience and continuous coverage for employees. The renewal process is straightforward....