Essentially, the UAE Employment Law grants employees 30 days of annual leave after completing one year of employment. The employee can choose to carry forward the leave or receive payment in lieu of the leave, as outlined in Article 29(8).
UAE-based National Bonds, a Dubai government savings and investment company, has launched a Sharia-compliant savings scheme that allows clients to invest a minimum of 1,000 AED (272 USD) per month for at least three years and receive an income at the end of it.
The United Arab Emirates (UAE) Unemployment Insurance Scheme was launched in January 2023. The scheme is aimed at supporting individuals 3-months after losing their job to provide a cushion while finding a new job.
The UAE government has issued on 2 September 2022 the Cabinet Resolution No. (85) of 2022, thus establishing for the first time a legal definition of a UAE tax resident. It will come into force on 1 March 2023.
I have just spent few weeks in Florence, a beautiful Italian city with rich history, renaissance architecture, delicious local cuisine and unforgettable atmosphere. And I would like to try to make one particular, I believe interesting comparison between Florence and Dubai, my home city at the moment.
