UAE rulers tuned in; increase handouts
From UAE official new agency (WAM):
President His Highness Sheikh Khalifa bin Zayed Al Nahyan has instructed the establishment of the Khalifa Fund for Enabling Emiratisation in support of the empowerment policy he has launched and in completion of the President's initiatives seeking to advance socio-economic development plans, provision of decent living means and stability to UAE citizens.
The new institution aims to provide financial resources necessary to support programmes and policies for encouraging UAE citizens to enter the private sector labour market, help them to seize job opportunities the private sector offers, and secure required funds for delivering a package of rewards towards achieving that end.
In its meeting today under the chairmanship of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, the federal cabinet reviewed the work mechanisms of the new entity, scope of its mandate and executive measures needed to start its operation as soon as possible under the supervision of the National Human Resources Development and Employment Authority (Tanmia).
The package of incentives the Fund will offer includes payment of financial privileges when a UAE citizen joins work at the private sector so as to reduce the pay gap between the public and private sectors, allocation of funds to employers to help them cover a certain percentage of the pay the national private sector employees will draw in the first year, funding part of training and rehabilitation costs of the new national employee when he joins the private sector for the first year and contribution to long and short term training programmes for national job seekers.
The Fund will also use its financial resources to advance policies and programmes aimed at creating new job offers at the local and federal levels, supporting and financing small and medium scale enterprises, and financing university specialisations that cater for requirements of the local labour market.
The Fund will act as a key contributing mechanism to leverage participation of citizens and develop the social welfare concept into a new one that enables able social assistance recipients to become a productive force contributing to the growth of the national economy. It will also serve as a mechanism for facilitating success of Emiratisation policy and programmes and increasing the share of small size businesses owned by UAE citizens in a way that generates more job opportunities.
WAM/TF
Labels: #Jan25, Emiratization, X-zitation
posted by John B. Chilton at 2/28/2011 06:47:00 AM
4 Comments:
It's a "hand out" to make sure your own citizens have a job in their own country?
Especially a country where we import millions of people to work? So now the UAE is the red cross? We are to make sure foreigners have jobs but not our own CITIZENS?
Wow. btw, how's your govt doing on making sure you have a job at home so that you dont have to go to the Middle East to feed your family?
the part were it says to seize opportunities should read to replace the deported foreigners that we dont need.
I enjoyed the privilege of working the UAE.
I used the provocative term "handouts" in part to emphasize that plan does not expand political freedoms for citizens, in particular to criticize their own government.
The features of the plan announced are improvements over both in the sharing of the nation's income, and in the design of incentives. Not perfect by any means, but improvements.
In particular, the concept of subsidizing employers to hire Emiratis. Without that employers are going to continue to hire ex pats.
Emiratis should demand other rights that ex pats have, like the right to be fired. As it is employers are reluctant to hire Emiratis if they know they will be hard to fire for cause.
To my mind everyone may read it.
wow nice article Gulf Job Sites
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