AGL 37.98 Decreased By ▼ -0.04 (-0.11%)
AIRLINK 212.50 Increased By ▲ 15.14 (7.67%)
BOP 9.65 Increased By ▲ 0.11 (1.15%)
CNERGY 6.38 Increased By ▲ 0.47 (7.95%)
DCL 9.20 Increased By ▲ 0.38 (4.31%)
DFML 37.60 Increased By ▲ 1.86 (5.2%)
DGKC 98.50 Increased By ▲ 1.64 (1.69%)
FCCL 35.94 Increased By ▲ 0.69 (1.96%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 14.21 Increased By ▲ 1.04 (7.9%)
HUBC 130.90 Increased By ▲ 3.35 (2.63%)
HUMNL 13.70 Increased By ▲ 0.20 (1.48%)
KEL 5.53 Increased By ▲ 0.21 (3.95%)
KOSM 7.26 Increased By ▲ 0.26 (3.71%)
MLCF 45.40 Increased By ▲ 0.70 (1.57%)
NBP 60.85 Decreased By ▼ -0.57 (-0.93%)
OGDC 222.25 Increased By ▲ 7.58 (3.53%)
PAEL 40.81 Increased By ▲ 2.02 (5.21%)
PIBTL 8.49 Increased By ▲ 0.24 (2.91%)
PPL 199.47 Increased By ▲ 6.39 (3.31%)
PRL 39.94 Increased By ▲ 1.28 (3.31%)
PTC 27.70 Increased By ▲ 1.90 (7.36%)
SEARL 108.40 Increased By ▲ 4.80 (4.63%)
TELE 8.64 Increased By ▲ 0.34 (4.1%)
TOMCL 36.20 Increased By ▲ 1.20 (3.43%)
TPLP 13.60 Increased By ▲ 0.30 (2.26%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.15 Increased By ▲ 1.18 (3.58%)
WTL 1.69 Increased By ▲ 0.09 (5.63%)
BR100 12,069 Increased By 342.1 (2.92%)
BR30 37,514 Increased By 1137.6 (3.13%)
KSE100 112,816 Increased By 3302.5 (3.02%)
KSE30 35,621 Increased By 1107.7 (3.21%)

The United Arab Emirates is considering changes to its labour law to attract more citizens into the private sector, local media reported on Saturday, to lessen the burden of a bloated public sector in case of a fall in oil prices. Many Emiratis prefer to work in the public sector, where working hours are shorter, holidays longer and pay tends to be higher, while foreign workers, who account for the majority of the oil-rich Gulf state's population, fill most private sector positions.
To prepare for any future downturn in oil prices and to avert political discontent, leaders in the UAE and other Gulf states are taking steps to rebalance their employment structures. Labour Minister Saqr Ghobash will present the government with a review of the current labour law "shortly", the local al-Khaleej newspaper reported on Saturday, citing unnamed sources.
The review would include proposals to bring private and public sector salaries into line, as well as increasing private sector holidays, it said. "The aim is to reach a compromise that will do justice to Emirati employees and at the same time will satisfy businessmen and company owners, so that Emiratisation be a real addition, rather than seen as a burden or that it becomes too costly," al-Khaleej reported.
Just over 11 percent of the UAE's estimated 8.3 million people are citizens, and most of the rest are foreign workers. The jobless rate among Emiratis is put officially at 14 percent. UAE citizens are conferred generous benefits, receiving free government education, health care and assistance in housing. At a forum earlier this week, the UAE's prime minister, Sheikh Mohammed bin Rashid al-Maktoum, told hundreds of officials that finding jobs for its citizens was one of the government's top priorities.

Copyright Reuters, 2013

Comments

Comments are closed.