The UAE Cabinet has announced a new voluntary retirement benefits system for employees in the private sector and free zones to be overseen by the Securities and Commodities Authority in partnership with the Ministry of Human Resources and Emiratisation. Sheikh Mohammed, who led the cabinet meeting said in a statement on 4 September that the voluntary initiative would include the establishment of savings and investment funds from the private sector with the aim to "protect workers' savings and ensure they were invested safely". He added that through these funds, employees could invest ...
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