In brief The UAE Government has recently announced legislation requiring employees in the Federal Government and private sector to register in an unemployment insurance scheme. The scheme is designed to provide financial support to employees in the event that the employee loses their job. What do employees need to do? Employees must register with an unemployment insurance scheme starting from 1 January 2023.Unemployment insurance schemes are provided by a number of selected insurance providers in…
What has changed? The maximum three-year limit for fixed term contracts has been removed. While contracts still require to be for a limited term, employers now have flexibility with regards to the length of the term. We have already prepared and have been using our new contract templates (and issued contract amendments converting unlimited term contracts to limited term contracts). Do we need to change all of our contracts again? Unlikely. We expect that the…
In brief The Government of Egypt has now expressly recognized the production, storage and export of green hydrogen and green ammonia among the areas falling within the state’s economic development strategy. It has also passed a decree that would allow green hydrogen and green ammonia projects to benefit from a wide range of state support under the country’s existing Investment Law No. 72 of 2017 (“Investment Law”), including tax incentives. This is a key development…