Connect with us

News

UAE introduces end-of-service benefits system

Published

on

Spread the love

The UAE Cabinet has approved an innovative system that allows employees in the private sector and free zones to invest their end-of-service benefits, and it’s optional for employers to participate.

Under this system, a savings and investment fund will be established, overseen by the Securities and Commodities Authority in collaboration with the Ministry of Human Resources and Emiratisation. Employees will have the opportunity to invest their end-of-service benefits in the fund, with multiple investment options available.

The announcement was made during a Cabinet meeting chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. The primary objective is to safeguard workers’ savings while providing stability to their families and ensuring their rights. This scheme is open not only to private sector employees but also to government employees.

The Process:

Employers can choose to enroll their workers in this system and make monthly contributions. The system offers three investment options, including a risk-free capital guarantee, various risk levels for traditional investments, and Sharia-compliant investments. Upon the termination of the employment relationship, employees will receive their end-of-service benefits and returns.

Over time, this scheme is expected to cost employers less than the traditional system and will help in retaining talent by offering more attractive terms for employees. Many experts have highlighted the dependence of UAE residents on their gratuity as a retirement fund. In a recent survey, 82% of workers expressed openness to having their gratuity invested on their behalf. Dubai had previously introduced a similar scheme for expatriates working in government departments in 2022, offering various savings opportunities and boosting their benefits and savings.

News

Ramadan in UAE: Sharjah extends paid parking hours in Khorfakkan

Published

on

Spread the love

Motorists in Khorfakkan will soon need to budget for longer paid parking hours.

Sharjah City Municipality, in cooperation with Khorfakkan Municipality, has announced that operating hours for paid public parking spaces marked with blue signs will be extended starting February 16.

New Parking Timings in Khorfakkan

Under the updated decision, paid parking will now apply:

  • Daily, including weekends and public holidays
  • From 8am until 12 midnight

Previously, parking fees ended at 10pm.

Why the Change?

Officials said the move follows a comprehensive study of:

  • Parking usage rates
  • Location patterns
  • Customer demand
  • Resident and visitor feedback

Many residents and tourists had raised concerns about difficulty finding parking after 10pm, especially near restaurants, cafés and busy tourist areas.

With Khorfakkan seeing increasing commercial and tourism activity, the municipality said extending hours to midnight will:

  • Improve parking availability
  • Reduce misuse of public spaces
  • Ease congestion in high-footfall zones
  • Support businesses operating late

No Increase in Subscription Fees

There’s some good news for seasonal permit holders.

Authorities confirmed that subscription fees will remain unchanged. However, subscribers will now benefit from:

  • 16 hours of daily parking coverage instead of 14 hours
  • Two additional hours at no extra cost

What Stays the Same

Other paid parking zones in Khorfakkan will continue under their existing schedules, except for any temporary adjustments during Ramadan.

Motorists are advised to check signage carefully and plan evening parking accordingly once the new timings come into effect.









Continue Reading

News

Ramadan in UAE: Working hours announced for private sector

Published

on

Spread the love

The UAE’s Ministry of Human Resources and Emiratisation (MoHRE) has confirmed that private sector employees will work two hours less per day during Ramadan 2026.

The announcement aligns with the UAE’s annual Ramadan working hour adjustments, aimed at supporting employees observing the holy month while ensuring business continuity across sectors.

All private sector companies in the UAE must reduce daily working hours by two hours during Ramadan.

Businesses may also introduce:

  • Flexible working hours
  • Remote work arrangements
  • Alternative shift schedules

These arrangements depend on the nature of the company’s operations and must comply with UAE Labour Law.

Ramadan Working Hours

Reduced working hours during Ramadan are standard practice across the UAE. The policy is designed to support employees observing the fast while maintaining productivity and service continuity across government and private sectors.

Residents and employees are advised to follow official FAHR and MoHRE channels for the latest updates on Ramadan policies and workplace regulations in the UAE.

Continue Reading

News

Ramadan 2026: Sharjah shops must secure midnight permit to operate beyond hours

Published

on

Spread the love

Sharjah Municipality has announced that commercial establishments in the emirate must obtain a special permit if they wish to extend their working hours beyond midnight during Ramadan.

The municipality clarified that stores and retail shops are required to apply for the permit online through its official website (www.shjmun.gov.ae) in order to continue operating after 12am.

However, engineering contractors and construction companies will not be eligible for the permit to work after midnight at construction sites.

Online service launched for Ramadan permits

The municipality confirmed that the permit application is available through its electronic services platform, allowing businesses to complete the process digitally ahead of Ramadan.

The move aims to regulate extended commercial activity during the holy month while ensuring compliance with local regulations.

Ramadan working hours confirmed

Meanwhile, the Sharjah Human Resources Department announced the official Ramadan working hours for government departments, authorities and institutions in the emirate.

Government employees will work from 9am to 2:30pm during Ramadan.

Continue Reading

Popular

© Copyright 2025 HEADLINE. All rights reserved

https://headline.ae/