U.A.E Job Insurance update -fine starting from 1st Oct 2023

 Starting from October 1, 2023, employees in the U.A.E. who have not subscribed to the unemployment insurance scheme will be fined AED 400. This fine will be imposed by the Ministry of Human Resources and Emiratisation (MoHRE).

Important: The deadline to subscribe to the unemployment insurance scheme is September 30, 2023.

Employees can subscribe to the scheme through the website or mobile app of the Insurance Pool, a consortium of insurance companies that has been appointed by the MoHRE to administer the scheme. Employees can also subscribe to the scheme through bank ATMs and kiosk machines, business service centers, money exchange companies, du and Etisalat, and SMS.

The U.A.E. Job Insurance scheme came into effect on January 1, 2023, and is mandatory for all employees in the country, including private sector workers, federal government employees, and semi-government employees. 

Important dates:

September 30, 2023: Deadline for all employees to subscribe to the unemployment insurance scheme.

October 1, 2023: Fines will be imposed on employees who have not subscribed to the unemployment insurance scheme.

One year after subscribing to the scheme: Employees will be eligible to receive benefits if they lose their job.

Benefits of the unemployment insurance scheme:

• Employees who lose their job will be eligible to receive benefits of up to 60% of their basic salary for up to three months.
• The maximum benefit payout is AED 20,000 per month.
• Employees can also receive additional benefits, such as job search assistance and training.

How to subscribe to the unemployment insurance scheme:

Employees can subscribe to the unemployment insurance scheme through the website or mobile app of the Insurance Pool, a consortium of insurance companies that has been appointed by the Ministry of Human Resources and Emiratisation (MoHRE) to administer the scheme. Employees can also subscribe to the scheme through bank ATMs and kiosk machines, business service centers, money exchange companies, du and Etisalat, and SMS.

Eligibility for benefits:

To be eligible for benefits under the unemployment insurance scheme, employees must meet the following criteria:

1. They must have been subscribed to the scheme for at least one year.
2. They must have lost their job involuntarily.
3. They must be actively looking for a new job.

How to claim benefits:

Employees who lose their job and wish to claim benefits under the unemployment insurance scheme must register with the MoHRE. They can register online or at a MoHRE office. Once registered, they will need to submit the following documents:

• A copy of their Emirates ID.
• A copy of their labor contract.
• A copy of their termination letter.
• A copy of their bank statement.

The MoHRE will then review the employee's application and determine whether they are eligible for benefits. If the employee is eligible, they will receive their benefits within 30 days of submitting their application.

For more information on the U.A.E. Job Insurance scheme, please visit the website of the MoHRE. 

AI Job Openings In Banking Sector In the U.A.E

 The scope of AI jobs in banking in the UAE is rapidly expanding, as banks are increasingly looking to AI to improve efficiency, reduce costs, and enhance customer service.

Here are some of the key areas where AI is being used in banking in the UAE:

• Fraud detection and prevention: AI is being used to develop sophisticated systems that can identify and prevent fraudulent transactions in real time.
• Risk assessment: AI is being used to assess the risk of lending to customers and pricing loans accordingly.
• Customer service: AI is being used to develop chatbots and other virtual assistants that can provide customers with 24/7 support and answer their questions.
• Personalization: AI is being used to personalize the banking experience for each customer, by recommending relevant products and services.
• Automation: AI is being used to automate many back-office tasks, such as processing loan applications and reconciling accounts.

As a result of this growing adoption of AI, the demand for AI skills in the banking sector in the UAE is increasing.

Here are some of the specific AI jobs that are in high demand in the UAE banking sector:

1. AI Engineer: AI engineers develop and maintain AI systems and applications.
2. Data Scientist: Data scientists collect, analyze, and interpret data to develop AI models.
3. Machine Learning Engineer: Machine learning engineers build and deploy machine learning models to solve real-world problems.
4. AI Architect: AI architects design and implement the overall architecture of AI systems and solutions.
5. AI Product Manager: AI product managers are responsible for the development and launch of AI products and services.

In addition to these specific AI jobs, there are also a number of other banking jobs that require AI skills, such as:

• Risk Analyst: Risk analysts use AI to assess the risk of lending to customers and pricing loans accordingly.
• Fraud Analyst: Fraud analysts use AI to investigate and prevent fraudulent transactions.
• Quantitative Analyst: Quantitative analysts use AI to develop and test financial models.
• Business Analyst: Business analysts use AI to analyze data and identify opportunities for improvement.

The UAE government is also supportive of the adoption of AI in the banking sector. In 2017, the government launched the National Strategy for Artificial Intelligence, which aims to make the UAE a global leader in AI.As a result of all these factors, the scope of AI jobs in banking in the UAE is very promising. If you have AI skills, you should definitely consider a career in banking in the UAE.

Here are some tips for finding an AI job in banking in the UAE:

• Network with people who work in the banking sector in the UAE.
• Attend industry events and conferences.
• Search for AI jobs on job boards such as LinkedIn and Indeed.
• Contact banks directly to inquire about AI job openings.

Here are some of the important AI job offerings from banks in the UAE:

Emirates NBD:

• AI Engineer
• Data Scientist
• Machine Learning Engineer
• AI Architect
• AI Product Manager

First Abu Dhabi Bank (FAB):

• AI Engineer
• Data Scientist
• Machine Learning Engineer
• AI Architect
• AI Product Manager

Abu Dhabi Commercial Bank (ADCB):

• AI Engineer
• Data Scientist
• Machine Learning Engineer
• AI Architect
• AI Product Manager

Mashreq Bank:

• AI Engineer
• Data Scientist
• Machine Learning Engineer
• AI Architect
• AI Product Manager

Dubai Islamic Bank (DIB):

• AI Engineer
• Data Scientist
• Machine Learning Engineer
• AI Architect
• AI Product Manager

In addition to these specific AI jobs, there are also a number of other banking jobs that require AI skills, such as:

• Risk Analyst
• Fraud Analyst
• Quantitative Analyst
• Business Analyst

To find out more about specific AI job openings at banks in the UAE, you can visit the banks' websites or search for AI jobs on job boards such as LinkedIn and Indeed.

If you are serious about finding an AI job in banking in the UAE, I encourage you to start your search today. There are many opportunities available for qualified candidates.

Important Job opportunities in October 2023 in the U.A.E

 The United Arab Emirates (U.A.E) has long been known as a hub for job opportunities, attracting professionals from all over the world. With its thriving economy, diverse industries, and tax-free salaries, it is no wonder that many individuals seek employment in this prosperous nation. As we enter October 2023, the job market in the U.A.E continues to offer a plethora of exciting opportunities across various sectors.

 The following are some of the important job opportunities in October 2023 in the United Arab Emirates:

 Technology: The UAE is a major hub for technology and innovation, and there is a high demand for skilled tech workers in a variety of fields, including software engineering, data science, cybersecurity, and artificial intelligence.

Healthcare: The UAE has a world-class healthcare system, and there is a growing need for doctors, nurses, and other healthcare professionals.

Education: The UAE is investing heavily in education, and there is a high demand for teachers, professors, and other education professionals.

Business: The UAE is a major business center, and there is a high demand for skilled professionals in a variety of fields, such as finance, accounting, marketing, and sales.

Construction: The UAE is undergoing a major construction boom, and there is a high demand for skilled construction workers in a variety of fields, such as engineering, architecture, and project management.

Here are some specific examples of important job opportunities in the UAE in October 2023:

•  Software Engineer: Software engineers are in high demand in the UAE, as the country is a major hub for technology and innovation. Software engineers develop, test, and maintain software applications.
• Data Scientist: Data scientists are also in high demand in the UAE, as businesses are increasingly relying on data to make decisions. Data scientists collect, analyze, and interpret data to help businesses identify trends and make predictions.
• Cybersecurity Engineer: Cybersecurity engineers are responsible for protecting computer networks and systems from cyber attacks. Cybersecurity engineers are in high demand in the UAE, as the country is a major target for cyber attacks.
• Artificial Intelligence Engineer: Artificial intelligence (AI) engineers develop and maintain AI systems. AI engineers are in high demand in the UAE, as the country is investing heavily in AI.
• Doctor: Doctors are in high demand in the UAE, as the country has a world-class healthcare system. Doctors diagnose and treat patients' illnesses.
• Nurse: Nurses are also in high demand in the UAE, as they play a vital role in the healthcare system. Nurses provide care to patients under the supervision of a doctor.
• Teacher: Teachers are in high demand in the UAE, as the country is investing heavily in education. Teachers teach students at all levels, from kindergarten to university.
• Professor: Professors are in high demand in the UAE, as the country is expanding its higher education system. Professors teach and conduct research at universities.
• Accountant: Accountants are in high demand in the UAE, as businesses need help managing their finances. Accountants prepare financial statements, track income and expenses, and file taxes.
• Marketing Manager: Marketing managers are in high demand in the UAE, as businesses need help promoting their products and services. Marketing managers develop and implement marketing strategies, create marketing campaigns, and manage marketing budgets.
• Sales Manager: Sales managers are in high demand in the UAE, as businesses need help selling their products and services. Sales managers develop and implement sales strategies, manage sales teams, and track sales performance.
• Construction Engineer: Construction engineers are in high demand in the UAE, as the country is undergoing a major construction boom. Construction engineers design, build, and maintain buildings and other structures.
• Project Manager: Project managers are in high demand in the UAE, as they are responsible for overseeing the successful completion of projects on time and within budget. Project managers work in a variety of industries, including construction, technology, and business.

If you are looking for a job in the UAE in October 2023, I recommend that you start by searching online job boards and company websites. You can also contact recruitment agencies to help you find a job. When you are applying for jobs, be sure to tailor your resume and cover letter to each specific job.

New UAE Visa Rules help real estate market

The new UAE visa rules have been a boon to the country's real estate market, attracting more foreign investment and boosting demand for properties.

One of the most significant changes is the introduction of the Golden Visa, which allows investors to obtain a 10-year residency visa when they purchase a property worth AED 2 million or more. This has made it more attractive for foreigners to invest in UAE real estate, as they can now stay in the country for longer periods of time without having to renew their visas.

Another change is the extension of the Green Visa from two to five years. This visa is available to investors and business owners, and it makes it easier for them to set up and operate businesses in the UAE. This has also led to increased demand for commercial properties.

The new visa rules have also made it easier for families to live and work in the UAE. For example, the Golden Visa holders can now sponsor their parents and children to live with them in the country. This has made the UAE a more attractive destination for families who are looking to relocate for work or education.

Overall, the new UAE visa rules have had a positive impact on the country's real estate market. By making it easier for foreigners to invest in and live in the UAE, the government has attracted more investment and boosted demand for properties.

Here are some specific examples of how the new UAE visa rules have helped the real estate market:

Increased demand for luxury properties: The Golden Visa has made the UAE a more attractive destination for wealthy investors who are looking to buy luxury properties. This has led to increased demand for high-end homes and apartments in Dubai and other major cities.

Booming off-plan property sales: The new visa rules have also boosted sales of off-plan properties. This is because investors can now obtain a Golden Visa when they purchase an off-plan property for AED 2 million or more.

Growing demand for commercial properties: The extension of the Green Visa has also led to increased demand for commercial properties. This is because investors and business owners are now able to stay in the UAE for longer periods of time without having to renew their visas.

Overall, the new UAE visa rules have made the country's real estate market more attractive to both investors and end-users. This has led to increased demand for properties of all types, from luxury homes to commercial buildings.

How AI experience helping Indians to get high salary Jobs in the U.A.E

 Yes, artificial intelligence (AI) can help Indians to get high salary jobs in the UAE. Monthly salary attract 5(five lakh Indian rupee) for the AI expert. Here are some of the ways AI can be used to facilitate job search and employment for Indians in the UAE:

The United Arab Emirates (UAE) is a rapidly growing hub for artificial intelligence (AI) research and development. The government is investing heavily in AI, and many businesses are looking to adopt AI-powered solutions. This has created a high demand for AI talent in the UAE.

Here are some of the most in-demand AI jobs in the UAE:

• Data scientist
• Machine learning engineer
• Artificial intelligence engineer
• Robotics engineer
• Natural language processing engineer
• Computer vision engineer
• AI product manager
• AI consultant
• AI researcher

The salary for AI jobs in the UAE varies depending on the level of experience, the skillset, and the employer. However, in general, AI professionals in the UAE can expect to earn a high salary.

According to Pay Scale, the average salary for an AI specialist in the UAE is AED 60,000 per year. Data scientists earn an average of AED 96,000 per year, and AI researchers earn an average of AED 272,000 per year.

Of course, these are just averages. The actual salary you can command will depend on your skills and experience. If you have a strong track record in AI research or development, you can expect to earn a much higher salary.

Here are some tips for increasing your chances of getting an AI job in the UAE:

• Get a master's degree in AI or a related field.
• Gain experience in AI research or development.
• Build a strong portfolio of AI projects.
• Network with AI professionals in the UAE.
• Stay up-to-date on the latest AI trends.

The AI industry is growing rapidly in the UAE, and there are many opportunities for qualified professionals. If you are interested in a career in AI, the UAE is a great place to start.