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Wednesday, February 13, 2019

“Human Resources & Emiratization”, National Bonds launch Laborers Savings program

The Ministry of Human Resources & Emiratization (MoHRE) has teamed up with National Bonds Corporation (NBC) to launch the Laborers Savings (SL) program.

The Ministry of Human Resources & Emiratization (MoHRE) has teamed up with National Bonds Corporation (NBC) to launch the Laborers Savings (SL) program.

The move follows a memorandum of understanding (MoU) signed by Maher Hamad Al Obad, assistant undersecretary for inspection affairs at MoHRE, and Mohammed Qassem Al Ali, CEO of NBC. The signing took place at the Ministry’s Diwan in Dubai.

The newly launched program targets business owners, laborers and workers holding permits from Tawjeeh service centers, which provides awareness services and career counseling on behalf of the Ministry and under its supervision.

SL includes innovative, Takaful products that offer lucrative returns on savings. Those subscribed to the program enter regular draws for a chance to win up to AED1 million.

Al Obad explained that the MoU comes as part of the Ministry’s strategy to deepen its partnership with government and private entities to help achieve a balanced workplace, by launching new initiatives that support business owners and workers, which would help increase job market’s productivity and stability.

“This initiative provides competitive advantages and includes a number of social elements. It also supports awareness campaigns targeting laborers, by teaching them about the importance of saving and how its help them achieve financial stability in their personal and family lives,” he said.

CEO of NBC expressed his pride to have partnered up with the Ministry to launch Laborers Saving program, adding that it comes as part of National Bonds’ to launch innovative products and programs that would help cement the UAE’s position as one of best destinations to work, live and invest savings, while also supporting the national economy.

“This program will help business owners and workers take swift and practical steps towards a healthy financial position that improves constantly, which would ensure their happiness, thus reflect positively on their productivity,” Al Ali concluded.

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