On Thursday, it was announced that UAE nationals employed by the government might take up to a year off to launch their own businesses. While still working for the government, Emiratis will get half of their normal salary during this time. More people starting their own businesses is the aim.
This came as His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, chaired a Cabinet meeting on Thursday.
“Our goal is to encourage the youth to take advantage of the huge commercial opportunities offered by our national economy,” Sheikh Mohammed tweeted.
One of the paid leaves available to Emiratis employed in the public sector is a one-year sabbatical. It will be given to persons who want to launch or run their own private enterprises. The employee’s leave will be authorized by the head of the Federal authority they work for.
The Cabinet assessed the nation’s economic results in comparison to pre-pandemic levels, according to the vice president of the UAE. He claimed that non-oil exports increased by 47%, foreign investments rose by 16%, and the number of new businesses increased by 126%.
Text: OneCircleOFW Editorial
Photo Source: KHALEEJ TIMES
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