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Dubai’s retirement plan for foreign expats to begin in July

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Dubai’s end-of-service savings scheme for expatriates working in government departments will be implemented from July 1, authorities have announced. Dubai International Financial Centre (DIFC), the entity responsible for supervising the implementation of the scheme, have held multiple virtual meetings with senior executives from various government entities to discuss the plan. The launch of the scheme was approved in March 2022 by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, and Chairman of The Executive Council.

The scheme aims to attract and retain talent by providing an integrated system that offers various savings opportunities for employees to secure their present and future.

The scheme conceptualised after the DIFC Employee Workplace Savings (DEWS) plan, targets expatriates in Dubai government entities in the first stage, with the scope of expanding its implementation in later stages. Alya Hussain AlZarouni, executive vice-president – Operations, DIFC Authority, said: “This comprehensive savings plan is utilised for retirement planning and aligns with global best practices. The approach is a first for the region and over time, we expect other cities and countries to adopt a similar approach in the coming years.

“Together with industry leaders such as Equiom, Zurich and Mercer, we will continue to provide a best-in-class offering, reforming the workplace savings landscape.”

Mohammad AlHawi, director of Policies and Strategies, Economic Development at the General Secretariat of The Executive Council of Dubai, said the scheme will play a “key role” in enhancing the economic and social stability that the government offers its employees.

Iman Saleh bin Khatam, director of Policy and Programme Support of Dubai Government Human Resources Department, said: “The savings scheme will enable employers to manage and fund the end-of-service benefits efficiently while offering foreign employees a way to save and invest with confidence. With DEWS, we empower employees to take control of their financial future.”

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Fuel prices in UAE announced for December 2024

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The UAE fuel price committee has announced petrol and diesel prices for the month of December 2024. The new rates will apply from December 1, and are as follows:

Super 98 petrol will cost Dh2.61 a litre, compared to Dh2.74 in November.
Special 95 petrol will cost Dh2.50 per litre, compared to the current rate of Dh2.63.
E-Plus 91 petrol will cost Dh2.43 a litre, compared to Dh2.55 a litre in November.
Diesel will be charged at Dh2.68 a litre compared to the current rate of Dh2.67.

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Dubai’s variable Salik and parking rates: What this will mean for your wallet

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Dubai’s Roads and Transport Authority (RTA) has announced that it will implement Variable Road Toll Pricing (Salik) and Variable Parking Tariff Policies, including event-specific parking tariffs, as part of a comprehensive strategy to enhance traffic flow in the city.

The Variable Road Toll Pricing (Salik) system, set to launch at the end of January 2025, will offer motorists toll-free passage between 1am and 6am. During weekdays, the toll will be Dh6 during morning peak hours (6am to 10am) and evening peak hours (4pm to 8pm). For off-peak hours, between 10am and 4pm, and from 8pm to 1am, the toll will be Dh4. On Sundays, excluding public holidays, special occasions, or major events, the toll will be Dh4 throughout the day and free from 1am to 6am.

The Variable Parking Tariff Policy, scheduled for implementation by the end of March 2025, sets parking fees at Dh6 per hour for premium parking spaces and Dh4 per hour for other public paid parking spaces during morning peak hours (8am to 10am) and evening peak hours (4pm to 8pm). The tariffs will remain unchanged during off-peak hours, from 10am to 4pm, and from 8 pm to 10pm. Parking will be free at night, from 10pm to 8am, and all day on Sundays.

Congestion pricing policy :
The Congestion Pricing Policy for event areas introduces a fee of Dh25 per hour for public paid parking spaces near event zones. This policy will be rolled out initially around the Dubai World Trade Centre during major events, starting in February 2025.

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Etihad Airways adds 10 new destinations for 2025

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Etihad Airways, the national airline of the United Arab Emirates, announced the launch of ten new destinations starting in 2025.

The new destinations are Algiers, Atlanta, Chiang Mai, Hanoi, Hong Kong, Krabi, Medan, Phnom Penh, Taipei and Tunis. They will complement Etihad’s previously revealed new destinations for 2025: Prague, Warsaw, and Al Alamein.

Antonoaldo Neves, Etihad’s Chief Executive Officer, said, “Launching ten new destinations in a single day underscores our unwavering commitment to growing our airline with a fantastic route network and world-class, customer-focused service. This incredible milestone would not have been possible without the extraordinary efforts of our team and the ongoing support of our guests.”

Etihad’s expansion is set to bring tens of thousands of new visitors directly to Abu Dhabi, boosting its position as a premier destination for leisure, business, and cultural tourism. The move aligns with the UAE capital’s efforts to attract international travellers and reinforces its reputation as a hub of connectivity, innovation, and hospitality.

“The launch of these ten destinations is supported by our impressive hub, Zayed International Airport, which boasts the ‘wow’ factor and ample space to accommodate our rapid growth, further enhancing the exceptional guest experience,” said Neves. “2025 marks a pivotal year for Etihad, with more than 90 destinations in over 50 countries, a fleet of more than 110 aircraft – including our amazing new A321LRs – welcoming over 20 million guests onboard. Most importantly, it will support us in bringing over a million visitors to Abu Dhabi to enjoy our home.”

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