The UAE has increased the salary support for Emiratis in the private and banking sectors.
Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, made the announcement on Wednesday as the government continues its efforts to attract more candidates to these sectors.
The Emirati Salary Support Scheme will include allowances, bonuses, and other monetary incentives for UAE nationals whose monthly salaries do not exceed AED 30,000.
It will offer up to AED 7,000 for those with a bachelor's degree, AED 6,000 for those with a diploma and AED 5,000 for those with a high school diploma.
Those who earn less than AED 50,000 will also be offered child support, and financial help during job loss.
The Emirati Salary Support Scheme, which contributes to the recruitment and training costs of Emiratis in the private sector, is set to benefit more than 170,000 Emiratis over the next five years.
The Central Bank of the UAE (CBUAE) on Wednesday said it imposed sanctions on an exchange house operating in the UAE for "failing to comply with anti-money laundering and combating the financing of terrorism policies."
The UAE's defence and security acquisitions authority, Tawazun Council, secured deals worth AED 10.18 billion on the third day of IDEX and NAVDEX on Wednesday, bringing the total to AED 19.95 billion across 28 deals.
President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Wednesday reaffirmed the UAE’s stance of rejecting any attempts to displace the Palestinian people from their land in a meeting with Marco Rubio, US Secretary of State, who is visiting the UAE.
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to His Majesty King Abdullah II bin Al Hussein of the Hashemite Kingdom of Jordan, on the success of the surgery he recently underwent.
The Emirates International Aid Agency (Emirates Aid) has signed a cooperation agreement with Ukraine's Olena Zelenska Foundation, to provide additional centres for foster families and orphan care through a financial contribution of $4.5 million (AED16.5 million).
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