His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE has enacted the Employment Law Amendment Law No. 4 of 2020, Dubai International Financial Centre (DIFC) announced on Tuesday, 14th January 2020. The Amendment Law introduces the new Qualifying Scheme workplace regime in the DIFC, replacing the current end-of-service gratuity payment system that has … Read More
DIFC Announces Employee Workspace Savings Scheme
Dubai International Financial Centre (DIFC) has announced the launch of the DIFC Employee Workplace Savings (DEWS) scheme, which will offer end-of-employment benefits as part of a funded and professionally managed contribution plan. In line with recent global employee benefit trends, DEWS will see the evolution of end-of-service benefits within DIFC from a defined benefit structure to a contribution plan. It … Read More