The mid-year Emiratization deadline has been extended by an additional week due to the Eid Al Adha holiday. Today, officials announced that the new deadline to meet the target will be July 7, 2023, instead of June 30, 2023. The half-year target for the private sector is to have 1 percent of the workforce filled by Emirati employees.
The Ministry of Human Resources and Emiratization has confirmed in a circular that companies failing to meet the deadline will face a fine of Dh42,000 for each Emirati role that remains unfilled on July 8, 2023.
The UAE Government has issued rules regarding Emiratization in the private sector, known as the “2% Emiratization Law,” which aims to increase the Emiratization of skilled jobs by implementing a minimum annual quota of 2 percent. The goal is to achieve a 10 percent increase in the UAE skilled workforce by 2026 and create a minimum of around 12,000 jobs annually for UAE skilled workers.
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Meysan announces the launch of its London office
We are proud to announce the launch of our new office in London. Meysan London will focus on heavyweight commercial and investor-state disputes, with a mission to apply the firm’s international litigation and arbitration know-how to the most complex cross-border cases. It will also serve the interests of corporates, investors, funds, state-owned entities and high-net-worth individuals, all looking to achieve positive results with a trusted partner.
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