Employees in the private and banking industries in the UAE can now earn more money. That is if you are an Emirati and earn less than Dhs30,000 per month. Emiratis with a degree will be eligible for a maximum monthly stipend of Dhs7,000, diploma holders would be eligible for Dhs6,000, and those with a high school diploma or less will be eligible for Dhs5,000.
Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and Chairman of the Emirati Talent Competitiveness Council, is implementing the increased pay support.
Each child will receive an additional stipend of Dhs600, with the only condition that their monthly earnings do not exceed Dhs50,000.
Emiratis are eligible for this assistance for four children over a five-year period.
The financial assistance package for unemployed Emiratis in the private sector is also scheduled to be increased.
This comes only days after His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, unveiled ‘We the UAE 2031,’ which contained new growth and Emiratisation goals.
According to Arabian Business, NAFIS, a federal program aimed at empowering UAE nationals to work in the private sector, aided over 21,000 Emiratis.
UAE labor rules also require enterprises with more than 50 employees to comply with a 2% Emirati quota by January 1, 2023.
Over the next five years, the government anticipates that these measures will increase the Emirati workforce to 170,000 people.