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UAE’s 2023 Milestones: A Year of Transformative Achievements

The UAE implemented an unemployment insurance plan for public and private sector employees in early 2023.

At the start of 2023, the UAE introduced an unemployment insurance scheme for public and private sector employees, offering a vital safety net by providing financial support for up to three months in case of unexpected job loss.

Environmental Initiatives: 

Ajman and Umm Al Quwain made a significant move by banning single-use plastics and implementing a charge of 25 fils per plastic bag to combat environmental pollution.

Stellar Space Missions: 

UAE marked historic moments in space exploration as Emirati astronaut Sultan AlNeyadi embarked on a six-month mission to the International Space Station with the SpaceX Crew-6 mission. At the same time, the Arab world’s first lunar rover, Rashid, faced challenges during a hard landing on the moon.

Pioneering Spacewalk and Financial Solutions:

Emirati astronaut Sultan AlNeyadi made history by completing the first Arab spacewalk outside the ISS. In contrast, National Bonds introduced the ‘Second Salary’ savings plan, offering supplementary income and long-term retirement options.

Emiratisation Expansion and Climate Summit:

The UAE broadened Emiratisation targets to include smaller firms. It hosted COP28, a monumental UN climate summit that drew 180 heads of state and gathered thousands to address climate change and sustainability concerns.

Regulation of Private Tuition:

In December, the UAE legalized private tuition with specific permits required, allowing registered teachers, students, and unemployed individuals to provide private lessons while imposing penalties for unlicensed tutoring.

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