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Tag: UAEs

  • UAE’s job loss insurance scheme: 2 more categories added

    UAE’s job loss insurance scheme: 2 more categories added

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    The Ministry of Human Resources and Emiratisation (MoHRE) has added two new classes of employees who can participate in the UAE’s job loss scheme.

    The MoHRE’s Involuntary Loss of Employment (ILoE) scheme allows employees who work in free zones and semi-government entities to sign up as well.

    The Ministry mandated the purchase of job loss insurance for private sector and federal government employees on January 1.

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    Employees with a base salary of less than 16,000 dirhams are required to pay a premium of 5 dirhams per month, or 60 dirhams per year, along with VAT under the ILoE insurance plan.

    They will be remunerated with 60% of the typical fundamental compensation for the employment cutback for three back-to-back months. While representatives with a fundamental compensation of over 16,000 dirhams are expected to pay 10 dirhams per month or 120 dirhams yearly premiums under this plan.

    One or two years are available for the policy period. Dubai Insurance, the ILOE website, Al Ansari Exchange, and ATMs all offer subscription options.

    The number of supporters surpassed 1,000,000 since its send-off in January the service said toward the beginning of April.

    A notice posted on the ILoE website showed that individuals working in semi-government substances or organizations enlisted in a UAE free zone buy-in by continuing to the “Non-Enrolled in MoHRE” connect on the ILoE entryway.

    Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation approached employees that are qualified to buy into the plan to profit from inclusion, and on employers to encourage their employees to subscribe to the scheme.

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    ( With inputs from www.siasat.com )

  • First look at UAE’s casino resort ‘Wynn Al Marjan Island’

    First look at UAE’s casino resort ‘Wynn Al Marjan Island’

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    Abu Dhabi: The first pictures of the United Arab Emirates’ (UAE) first casino resort ‘Wynn Al Marjan Island’ have been released.

    Scheduled to open in early 2027, the site will be built on the man-made Al Marjan Island in the city of Ras Al Khaimah.

    The global hospitality giant also unveiled the design vision for its first-ever beach resort, inspired by the serene seascapes of Al Marjan Island, a group of four islands.

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    The project will be Wynn’s first project in the Middle East and North Africa (MENA) region. It is being developed with local partners Marjan LLC and RAK Hospitality Holding.

    The initial design for the project, which is expected to cost USD 3.90 billion, includes a games area, 1,500 hotel rooms, dining and lounge options, a spa and wellness centre, an upscale shopping centre, an event centre and on-site theatre and a host of other recreational facilities.

    “We have spent the past year meticulously programming and concepting Wynn Al Marjan Island, carefully considering its unique location,” Craig Billings, CEO of Wynn Resorts, said in a release.

    “I am incredibly proud of our design and development team’s ability to impart our legacy of rich, thoughtful design into a sun-soaked beachside resort that will delight customers, new and old,” said Billings.

    “We look forward to opening Wynn Al Marjan Island in early 2027,” he added.

    Details of the hotel were first announced in January 2022, with news it would include a “gaming area”, although it did not define what gaming meant.

    It is expected to boost the emirate’s growth as a global tourism destination while generating significant value for the economy through tourism and job creation.

    The construction work for the resort has already started.

    In March 2023, Wynn also appointed ALEC Engineering and Bauer International to carry out the integral construction work on the site, Arabian Business reported.



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    ( With inputs from www.siasat.com )

  • Emirates airline donates Rs 22 cr to UAE’s 1 billion meals campaign

    Emirates airline donates Rs 22 cr to UAE’s 1 billion meals campaign

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    Abu Dhabi: Emirates airlines on Thursday announced the donation of 10 million Dirhams (Rs 22,25,90,031) towards the “1 Billion Meals Endowment” campaign, the Emirates News Agency (WAM) reported.

    With this, the Emirates airline has joined a growing list of contributors to the “1 Billion Meals Endowment” campaign.

    Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman and CEO of Emirates Airline and Group said: “The “1 Billion Meals Endowment” campaign is a practical example of Sheikh Mohammed’s vision for sustainable good and charity, which creates hope and leads to a better future for all.

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    “Our support for the campaign reflects our commitment to help improve the quality of life in underprivileged communities, especially those served by Emirates around the world. We are honoured to be part of the campaign and its efforts to provide a food safety net in countries struggling with food insecurity,” he added.

    1 Billion Meals Endowment campaign

    The “1 Billion Meals Endowment” campaign, which started on the first day of Ramzan, launched by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to establish the largest Ramzan sustainable food aid endowment fund.

    The “1 Billion Meals Endowment” campaign is an extension of previous food aid drives, starting in Ramzan 2020 with “10 Million Meals” campaign, followed by “100 Million Meals” in Ramzan 2021 and “1 Billion Meals” in Ramzan 2022.

    Dubai’s 1 Billion Meals Endowment campaign has raised a total of 750 million Dirhams (Rs 16,67,73,05,655) in 20 days, a result of contributions from 120,000 donators including major contributors, individuals, businesses and private- and public organizations.

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    ( With inputs from www.siasat.com )

  • 2 Indian expats take home Rs 22 lakh each in UAE’s Big Ticket draw

    2 Indian expats take home Rs 22 lakh each in UAE’s Big Ticket draw

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    Abu Dhabi: Two Indian expatriates won the grand prize of 100,000 Dirhams (Rs 22,36,540) each in the Big Ticket Abu Dhabi weekly draw held on Friday, March 24.

    The winner of the draw Singaram Sivanadiyan and Rahul Geetha Menon— bagged the prize after matching five of the six winning numbers.

    Singaram Sivanadiyan, resident of Ajman, United Arab Emirates (UAE) from the past 20 years and works as a warehouse manager.

    Another winner, Rahul Geetha Menon, resident of Doha, Qatar, for the past seven years and works as a safety supervisor.

    After pooling his money with a group of 20 people, he said he wasn’t expecting to win.

    Sheniz Rahim from Mozambique also won 100,000 Dirhams in the weekly raffle draw.

    In the upcoming live draw in April, one customer will win 20 million Dirhams (Rs 44,98,40,200) via Big Ticket. In addition to the grand prize, for the first time this year, nine more winners will have the chance to win guaranteed cash prizes during the next live draw.

    Big Ticket customers will also be automatically entered into the weekly electronic draw and have a chance to be one of the three winners who win 100,000 Dirhams (Rs 22,48,784) each week.

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    ( With inputs from www.siasat.com )

  • Now UAE’s Mahzooz draw guarantees one millionaire every week

    Now UAE’s Mahzooz draw guarantees one millionaire every week

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    Abu Dhabi: Mahzooz, the United Arab Emirates’ leading weekly draw, which has consistently awarded huge prizes has announced big changes to its prize structure.

    Having more than 134 weekly live draws, 32 millionaires, and over 376 million Dirhams awarded to over 2,28,000 winners worldwide, Mahzooz offers bolder and better prizes to its ever-growing fan base, in line with its mission to change people’s lives.

    Starting from March 11, the weekly competition will ensure that a one Dirham millionaire (Rs 2,22,46,263) is crowned every week and the first prize will increase to 20 million Dirhams (Rs 44,49,25,270).

    Participations can register themselves at the official website and purchase bottled water for 35 Dirhams (Rs 778). With every purchase, customers get a chance to participate in a grant draw and raffle draw. 

    All you have to do is pick five of the 49 numbers to be in with a chance to enter the three prizes.

    • First prize of 20,000,000 Dirhams (Rs 44,49,25,270).
    • Second prize of 200,000 Dirhams (Rs 44,49,252)
    • Third prize of 250 Dirhams (Rs 5,561)

    The same tickets are automatically entered into the weekly raffle draw which will award a prize of 1,00,000 Dirhams (Rs 22,24,62)  per person. 



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    ( With inputs from www.siasat.com )

  • UAE’s EDGE signs MoU with India’s HAL at IDEX 2023

    UAE’s EDGE signs MoU with India’s HAL at IDEX 2023

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    Abu Dhabi: EDGE, one of the world’s leading advanced technology and defence groups, signed a Memorendum of Understanding with Defence and aerospace firm Hindustan Aeronautics (HAL) to explore the areas of cooperation that include joint design and development of missile systems and UAVs at IDEX-2023.

    IDEX-2023 is one of the largest tri-service defence exhibitions in the world, which is being held in Abu Dhabi, UAE, until February 24, HAL said in a tweet on Tuesday

    HAL is a leader in the design, development, manufacturing, supply and maintenance of aircraft, helicopters, engines, aerospace equipment, avionics and related accessories for military and civil markets, according to EDGE’s statement.

    Under the MoU, EDGE and HAL will explore areas of cooperation including the joint design and development of missile systems and unmanned aerial vehicles. Additionally, both companies will explore the utilisation of HAL’s small gas turbine engines on EDGE’s guided weapons, the utilisation of EDGE’s GPS jamming and spoofing equipment on HAL’s platforms, and opportunities for further knowledge sharing.

    The two companies will also explore cooperation on mission computers, training programmes, and utilisation of additive manufacturing of metallic parts will also take place at EDGE’s and HAL’s world-class facilities in the UAE and India.

    In the ongoing IDEX-2023, ICOMM, a group company of Megha Engineering and Infrastructures Ltd (MEIL) signed an agreement with UAE-based EDGE entity CARACAL for the first-ever Transfer of Technology (ToT) in defence articles, the statement read.

    As per the agreement, ICOMM will locally manufacture CARACAL’s complete line of small arms for the Indian market under the ‘Make in India’ and Aatmanirbhar Bharat initiatives.

    At the event, Hamad Al Ameri, CEO of CARACAL, said: “This strategically important signing with ICOMM for collaboration in the Indian market is a key objective for CARACAL. As India continues to realise its sovereign defence ambitions, we look forward to partnering with ICOMM, whose capabilities in providing end-to-end solutions across multiple sectors, including engineering and defence, complements CARACAL’s portfolio of advanced small arms.”

    “Following a previous MoU with ICOMM, signed last year, this agreement for a Transfer of Technology will enable ICOMM to offer a comprehensive line of small arms in order to meet requirements set out by the Indian government’s fast track procurement for the Indian Army,” the statement quoted Ameri as saying.

    (Except for the headline, the story has not been edited by Siasat staff and is published from a syndicated feed.)

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    ( With inputs from www.siasat.com )