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UAE Cabinet Approves New Savings and Investment Scheme for Private Sector Employees
World

UAE Cabinet Approves New Savings and Investment Scheme for Private Sector Employees

by Chief editor of world-today-news.com September 5, 2023
written by Chief editor of world-today-news.com

ABU DHABI – The UAE Cabinet has approved a new savings and investment scheme for private sector employees in the UAE, including free zones. Companies can decide whether to participate in this private sector-led initiative.

The decision was taken at a cabinet meeting held at Qasr Al Watan, Abu Dhabi under the chairmanship of Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai. The Securities and Commodities Authority and the Ministry of Manpower and Indigenization will oversee the funds for the new scheme for the private sector. A certain amount will be taken from the salary of the workers who are interested in joining the scheme every month and will be invested in various schemes that generate income.

The income from this will be given to the workers. Apart from this, it is also intended to invest the employees’ service benefits in such a way that they will benefit financially. The aim is to protect workers’ savings and ensure that they invest safely. This investment will be a relief to the workers at a time when the work is insufficient. Yesterday, the cabinet meeting approved 11 federal laws that promote social stability, economic growth and better quality of life.

English Summary: UAE introduced a new system for end-of-service benefits for workers in the private sector and freezones.

#savings #investment #scheme #private #sector #employees
2023-09-05 13:03:07

September 5, 2023 0 comments
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Tragic Car Accident Claims Life of Malayali Employee in Kuwait
World

Tragic Car Accident Claims Life of Malayali Employee in Kuwait

by Chief editor of world-today-news.com September 2, 2023
written by Chief editor of world-today-news.com

Eravinallur ∙ Annamma’s daughter V. Sushila Damodaran (52) died in a car accident in Kuwait. The accident happened while crossing the road around 5:30 pm on Wednesday. She was an employee of the Education Department. Culture later. Children: Raghunath, Rekha. Nephews: Bindhya Balan and Baby M. Jacob.

English Summary: Malayali died in Kuwait.

#Car #accident #Kuwait #Householder #dies
2023-09-02 06:22:57

September 2, 2023 0 comments
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Saudi Arabia Imposes Heavy Fines for Poor Personal Hygiene of Workers
World

Saudi Arabia Imposes Heavy Fines for Poor Personal Hygiene of Workers

by Chief editor of world-today-news.com August 31, 2023
written by Chief editor of world-today-news.com

Jeddah – Workers in Saudi Arabia will be fined between 200 riyals and 1,000 riyals for poor personal hygiene. In the revised list related to municipal law violations and fines approved by the Ministry of Municipal, Rural and Housing Affairs, fines ranging from 200 Riyals to 1,000 Riyals have been stipulated for poor personal hygiene of workers in establishments related to public health, including restaurants.

Firms will be fined the same amount for not wearing gloves, not wearing hair, not wearing masks, not wearing uniform, and those who are not supposed to wear watches and jewelry on their hands during work. Municipalities and Baladias in the areas where the institutions operate have been classified into five categories and fines for violations have been determined. According to this, for the same violation of the law, the maximum amount of fine will be imposed on firms operating in big cities and the lowest amount on firms operating in rural areas.

For poor personal hygiene of workers, fines of 1,000 Riyals will be levied in cities of the first category, 800 Riyals in the cities of the second category, 600 Riyals in the cities of the third category, 400 Riyals in the cities of the fourth category, and 200 Riyals in the cities of the fifth category. Violations of sleeping inside the establishment, eating in non-designated areas during work, and storing workers’ personal belongings in non-designated areas will attract the same amount of fine.

Read also: Onam is over, ‘Velliyonam’ will continue for months in Bahrain; The procession will include 150 ‘Tigers’ and others from the country

A fine of 200 Riyals will be imposed on establishments operating in all categories of cities for workers smoking in prohibited areas. Fines of 2,000 Riyals, 1,600 Riyals, 1,200 Riyals, 800 Riyals, and 400 Riyals will be imposed on establishments depending on the size of the cities if they are found to be working with workers with symptoms, wounds, or blisters.

Establishments will be fined at the rate of 2,000 Riyals in first category cities, 1,600 Riyals in second category cities, 1,200 Riyals in third category cities, 800 Riyals in fourth category cities and 400 Riyals in fifth category cities for workers showing bad health habits such as touching nose, mouth and spitting during work.

English Summary: Saudi to charge huge fines for poor personal hygiene of workers

#Saudi #charge #huge #fines #poor #personal #hygiene #workers
2023-08-31 13:40:15

August 31, 2023 0 comments
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Transition into Autumn: Weather Experts Predict the End of Summer in Saudi Arabia
World

Transition into Autumn: Weather Experts Predict the End of Summer in Saudi Arabia

by Chief editor of world-today-news.com August 28, 2023
written by Chief editor of world-today-news.com

Riyadh – After four days, the weather experts in Saudi Arabia estimate that the summer will end and the weather will change. It is expected that autumn will begin with pleasant weather by September, National Meteorological Center spokesperson Aqeel Al Aqeel said.

He said that a change in the weather is expected to occur in the last week of this month and the change in weather that will be evident in the coming days will be a phase where the air temperature will gradually decrease.

During this period, heavy rainfall is expected in the southern regions of Saudi Arabia. Moderate to heavy rain and dust storms have been active in Makkah, Madinah, southern regions and most parts of Saudi Arabia for the past few days. Weather observers are giving the indication that the next month will be the beginning of autumn in Saudi Arabia and the Gulf countries and the beginning of spring in the Southern Hemisphere.

Read also: Student who studied BDS in Kerala gets job abroad as receptionist; Expatriates’ miserable journey in search of employment in Bahrain

From the second week of September until the onset of winter, the Gulf countries experience a decrease in temperature along with the shortening of days. Autumn may be associated with the changing color of leaves in western countries, but this is not the case in Gulf countries.

English Summary: After four days, there is a possibility of change in the weather in Saudi Arabia

#days #possibility #change #weather #Saudi #Arabia
2023-08-28 15:38:01

August 28, 2023 0 comments
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Big Ticket Sale: Buy 2 Tickets for AED 1000 and Get 2 Free!
World

Big Ticket Sale: Buy 2 Tickets for AED 1000 and Get 2 Free!

by Chief editor of world-today-news.com August 28, 2023
written by Chief editor of world-today-news.com

ABU DHABI∙ Big ticket sales too. Buy 2 tickets for AED 1000 and get 2 tickets of equal amount free.

The benefit is for those who buy tickets till 31st. The prize for the mega winner is 2 crore dirhams. And 9 other people have prizes ranging from 1 lakh to 20,000 dirhams.

English Summary: Buy 2 Big ticket for AED 1000 and get 2 tickets free.

#Big #ticket #sales #profitable
2023-08-28 11:05:32

August 28, 2023 0 comments
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Saudi Arabia’s Foreign Trade Reaches $17.2 Billion: Impressive Growth and Global Recognition
World

Saudi Arabia’s Foreign Trade Reaches $17.2 Billion: Impressive Growth and Global Recognition

by Chief editor of world-today-news.com August 27, 2023
written by Chief editor of world-today-news.com

Riyadh – Saudi Arabia’s foreign trade reached 17,200 million dollars within a year, according to the Minister of Commerce and Chairman of the Board of Directors of the General Authority of Foreign Trade. Majid Al Khasabi said. The remarks were made at the meeting of G20 trade and investment ministers held in Jaipur.

The reforms in the economy as part of the Saudi Vision have made the country world-class. Saudi Arabia was ranked 17th out of 64 countries in the 2023 World Competitiveness Yearbook (IMD) report and 38th out of 138 in the 2023 Logistics Performance Index.

English Summary: Saudi Arabia’s foreign trade grows to 17,200 million dollars in a year.

#Saudi #foreign #trade #billion #dollars #Minister
2023-08-27 06:35:15

August 27, 2023 0 comments
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