Private companies that fail to comply with the new policies introduced by the UAE government will face action and increased employee licence fees.
A new classification system is being introduced for private establishments in the UAE, based on their commitment to the country's labour regulations.
The system, which comes into effect on June 1, will see companies split into three distinct categories, depending on the extent to which they comply with policies related to the wage protection system, Emiratisation, promoting cultural and demographic diversity, and protecting workers' rights.
Firms that exceed government-mandated Emiratisation rates and meet certain criteria will be offered discounts on work permit fees and other incentives.
However, those companies that fail to comply with the new regulations could face action.
Speaking to Dubai Eye 103.8's Business Breakfast, Abdul Al Awar, Minister of Human Resources and Emiratisation, explained the charges.
Eight OPEC+ countries meeting on Saturday have agreed to a further accelerated oil output hike for June of 411,000 barrels per day, two sources told Reuters while an online meeting of the countries was under way.
The UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), Dr. Sultan bin Ahmed Al Jaber, visited Greece as the two countries enhance their comprehensive partnership.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, held talks with President of Global Markets at PayPal, Suzan Kereere, to collaborate within the dynamic digital payments landscape.
The sweeping new US tariffs has had no "negative impact" on DXB, airport's CEO Paul Griffiths said, but added that with the "volatility of the situation, it's far too soon to comment".
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