UAE: Emirati Nationals in Private and Banking Sectors Get Pay Rise

United Arab Emirates News developments

UAE: Emirati Nationals in Private and Banking Sectors Get Pay Rise

Albayan, 23 November 2022: UAE’s Vice Prime Minister has announced a pay increase for Emirati nationals working in the private and banking sectors to attract and support the maximum number of UAE nationals to roles in these sectors. 

The increase is valid for all employees of the private and banking sectors, regardless of the date they started or whether they were appointed before or after the launch of the ‘Nafes’ program in September 2021.  The extra financial support will be AED 7,000 for holders of a bachelor’s degree, a maximum of AED 6,000 for diploma holders and a maximum of AED 5,000 for those with high school qualifications or less.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

marle.vansandwyk@lexisnexis.com