The U18 squad go into the final two rounds at Tunisia’s Residences Golf Course with a seven-shot lead
sports12 hours ago
DMCC has announced that it has signed a Master Service Agreement with Dubai Insurance Company (DIC) to introduce a new Employee Protection Insurance programme for all DMCC and member company employees.
The agreement was signed electronically by both representatives. The Employee Protection Insurance programme will offer increased protection for member company employees in case their employer defaults on their salaries, end of service benefit or repatriation cost. This is in line with DMCC's ongoing commitment to providing a first-class working environment.
The new scheme will be mandatory and rolled out across the entire DMCC business district within the month of May, replacing the current "bank guarantee" security deposit of Dh3,000 per employee. As such, the scheme is set to further boost the ease of doing business in DMCC by significantly reducing the cost of hiring new employees while also allowing companies to access cashflow through refunds of the current security deposits upon renewing each employee's residence visa.
Ahmed Bin Sulayem, executive chairman and chief executive officer of DMCC, said: "For DMCC and all of our member companies, people are our greatest asset. We feel it is our responsibility to support those who contribute to our success by offering them an enhanced level of protection, particularly in these unprecedented times. Simultaneously, this new initiative reduces the cost of doing business for DMCC member companies, aiding the growth and success of all those who call DMCC home."
Abdellatif Abuqurah, CEO of Dubai Insurance Company, added: "We are delighted to partner with DMCC in supporting their 17,000 member companies whilst providing a higher amount of coverage for the 60,000 people that work in the business district. Through initiatives such as this, we are set to achieve Dubai's vision of being the world's best city to live and work."
The new Employee Protection Insurance scheme comes after DMCC announced a range of stimulus initiatives to support new and existing member companies navigate the current economic climate. Additionally, DMCC has recently leveraged digital technology and utilised digital platforms to optimise the experience of existing and new members.
Approximately 90 per cent of DMCC's services which previously required physical interactions are now facilitated digitally. For example, DMCC adopted E-signatures for services across the board, and video conferencing for identity and document verification, while also simplifying document requirements.
business@khaleejtimes.com
The U18 squad go into the final two rounds at Tunisia’s Residences Golf Course with a seven-shot lead
sports12 hours ago
The announcement of the new gift comes after a recent visit to the hospital by President Sheikh Mohamed
americas13 hours ago
Delegates, including from Lebanon and the Palestinian territories, exited the room as the Israeli PM took the rostrum for his address
world13 hours ago
The awards show in Abu Dhabi celebrates all things South Indian cinema
entertainment13 hours ago
As tickets for the original date in the Emirates sold out quickly, three additional shows were announced by the organisers
entertainment13 hours ago
She was 89 years old when she passed away, her sons confirmed
entertainment14 hours ago
Smith was one of the few actors to win the treble of an Oscar, Emmy, and Tony
entertainment14 hours ago
This new route will operate with three weekly flights
aviation14 hours ago