UAE considering retirement fund for expat workers

@ FAHR_UAE/ Twitter

The UAE has moved a step closer towards setting up retirement funds for expat employees.

The Federal Authority for Government Human Resources (FAHR) is carrying out studies and holding talks with industry experts to look at some of the international best practices.

An enhanced gratuity scheme and a private sector savings programme are also part of the plan.

It’s part of efforts to improve the end-of-service benefits system for workers in the country.

More from Local

Coming Up on Dubai Eye

  • Nights on Dubai Eye 103.8

    10:00pm - 11:00pm

    Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.

  • Nights on Dubai Eye 103.8

    11:00pm - 10:00am

    Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.