During a media briefing, His Excellency Dr. Abdul Rahman Al Awar, Minister of Human Resources and Emiratisation:
• The unemployment insurance system targets workers in the private and government sectors, excluding investors, domestic workers, temporary contract workers, juveniles (under 18 years of age), retirees who receive a retirement pension, and those who have joined a new job.
• The law applies to all employees regardless of nationality and will provide an opportunity to ensure more stability in the work environment.
• The law of unemployment insurance does not depend on the establishment of a fund managed by a particular entity, but rather it is very similar to purchasing an “insurance policy”.
• The ministry will govern it through a system and according to certain conditions and standards.
• Unemployment Insurance will cover a specified time frame to motivate the worker to find a job.
• The Federal Law on Unemployment Insurance will come into force in 2023.