Urgent: The Council of Ministers approves an alternative to the end-of-service bonus for workers in the priva
His Highness Sheikh Mohammed bin Rashid, Vice President and Prime Minister, stated on his official page on the social media platform And sending more astronauts to the International Space Station... and welcoming the return of the son of the Emirates, Sultan Al Neyadi, the first Arab astronaut on a long mission to the International Space Station on Earth, after participating in many scientific experiments on board the vehicle, with the support and organization of the Mohammed bin Rashid Space Center, which supervises An integrated program for Emirati astronauts and future space missions.
His Highness continued, saying: Sultan Al Neyadi is a model and role model for millions of young people in the UAE and in our Arab region to reach the highest ranks in the world... and our scientific future in the field of space will be greater and better, God willing.
The Ruler of Dubai and Prime Minister added: During today’s Cabinet session, we adopted an alternative system for end-of-service rewards for workers in the private sector and free zones in the country. The system will be optional for employers to join in.
The system includes establishing savings and investment funds from the private sector supervised by the Authority. Securities and commodities, in coordination with the Ministry of Human Resources and Emiratisation, through which end-of-service rewards for workers and employees are saved and invested according to various investment options.
The goal is to preserve workers’ savings, which represent the end of their services in operating companies, and to ensure that they are invested safely in order to guarantee their rights and achieve stability for their families... The system also allows government sector employees to participate in it for the purposes of saving and investment.