The Dubai Multi Commodities Center, the authority affiliated with the Dubai government specialized in trade in goods and projects, announced yesterday the signing of a major service agreement with "Dubai Insurance Company", with the aim of introducing a new program to protect the rights of employees in the center and all registered companies.
A statement said yesterday that the agreement provides greater insurance coverage to protect the rights of more than 60,000 employees within the mall’s commercial area, as better protection will be provided to the rights of employees of registered companies, in the event that the employer is unable to pay their salaries, or give them an end-of-service bonus , Or the cost of returning to their home countries.
The application of the new program will be mandatory for businesses and companies that carry out their activities from the center, this May, provided that the insurance deposit system "bank guarantee", which is worth 3000 dirhams for each employee, is dispensed with.
The CEO of the DMCC, Ahmed Bin Sulayem, said: “Employees are our greatest asset, and we realize that our responsibility requires supporting those who contribute to our success, by providing a high level of protection for their rights, especially in these unprecedented times, and in time. By the same token, this new initiative reduces the cost of doing business for member companies of the center. ”
For his part, CEO of Dubai Insurance Company, Abdullatif Abu Qora said: “We are delighted to partner with the Dubai Multi Commodities Center and support its business community of 17,000 registered companies, in conjunction with providing greater insurance coverage to protect the rights of more than 60,000 employees within the affiliated commercial area. For the Center, and through these similar initiatives, we look forward to contributing to achieving the goals of Dubai's vision of establishing itself as the best city in the world to live and work. ”
Dispense with the system of insurance deposit "bank guarantee".