Hamad Al Rohoomi, an FNC member for Dubai, tells the chamber about the need for pension increases for retirees during a session in Abu Dhabi on Tuesday. Courtesy: WAM
Hamad Al Rohoomi, an FNC member for Dubai, tells the chamber about the need for pension increases for retirees during a session in Abu Dhabi on Tuesday. Courtesy: WAM

Emiratis in private sector should get better pension, Federal National Council members argue



Emiratis working in the private sector should be entitled to the same pension as government employees, members of the Federal National Council said on Tuesday.

The move would help to encourage more UAE nationals to join private companies and ensure there is proper provision for retirees, particular those with large families.

Several representatives raised examples of Emiratis with large families with pensions as low as Dh10,000 per month.

Hamad Al Rahoomi, who represents Dubai, said the current situation does not encourage UAE nationals to look away from government jobs.

“Most Emiratis don’t look to the private sector due to the low pensions they receive when they retire,” he said.

The debate has been raised frequently in the chamber and the proposed measures have been sent to the Cabinet before, but have yet to be signed into law.

Mr Al Rahoomi later said the maximum should be more than Dh50,000.

"The amended pension law will encourage Emiratis, particularly senior officials, to join the private sector. This will also allow private companies to attract young talented people," Mr Al Rahoomi told The National later.

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Members argued that, more broadly, pensions should be raised for Emiratis in the public and private sectors.

Salim Al Shehhi, who represents Ras Al Khaimah, asked that pensions be increased for across the board.

“Those who have retired helped to build our country, they should be appreciated," he said.

“Some of those include military and civil servants."

The amendment of law No 7 of 1999, which governs retirement, pension and social security, was approved by the Cabinet upon recommendations by FNC. It is waiting to be signed into law.

It contained measures that ensured pensions would keep up with inflation, to allow retirees to manage the rising cost of living.

Amal Al Qubaisi, President of the Federal National Council, told the chamber that they and the Cabinet are in agreement.

Also on Tuesday, members asked that a statistical study be carried out to calculate Emiratis' average monthly expenditure.

The chamber will send the results to the Cabinet, asking that salaries increase to keep up with the impact of VAT.

Last month, members asked Obaid Al Tayer, Minister of State for Financial Affairs, asked the same, but he said there would be no unplanned pay hikes.

In a second recommendation on Tuesday, the FNC asked that pensions at least rise by inflation for retired families earning less than Dh30,000 per month.

Retirees who spoke to The National also appealed for higher pensions.

"We are not exempted from any fines, or given any concessions like other countries, and while prices increase, our pensions remain the same” said Emirati Salem Obeid, 62, who worked in a government job for more than 20 years.

"The last pension increase was around five years ago."

Um Khalifa, 62, retired in 1999, after 25 years in government.

She collects a pension of Dh17,300 per month, but said she has repayments on housing loans to meet, and domestic workers to pay.

She also said she would like to return to work, possibly part time, but that there are few jobs for the older generation.

“The majority of us have housing Ioans, helpers and some of us even have young children to support," she said.

"The pension we get barely covers that."

While you're here
Essentials

The flights
Emirates, Etihad and Malaysia Airlines all fly direct from the UAE to Kuala Lumpur and on to Penang from about Dh2,300 return, including taxes. 
 

Where to stay
In Kuala Lumpur, Element is a recently opened, futuristic hotel high up in a Norman Foster-designed skyscraper. Rooms cost from Dh400 per night, including taxes. Hotel Stripes, also in KL, is a great value design hotel, with an infinity rooftop pool. Rooms cost from Dh310, including taxes. 


In Penang, Ren i Tang is a boutique b&b in what was once an ancient Chinese Medicine Hall in the centre of Little India. Rooms cost from Dh220, including taxes.
23 Love Lane in Penang is a luxury boutique heritage hotel in a converted mansion, with private tropical gardens. Rooms cost from Dh400, including taxes. 
In Langkawi, Temple Tree is a unique architectural villa hotel consisting of antique houses from all across Malaysia. Rooms cost from Dh350, including taxes.

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

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Blackpink World Tour [Born Pink] In Cinemas

Starring: Rose, Jisoo, Jennie, Lisa

Directors: Min Geun, Oh Yoon-Dong

Rating: 3/5

Team Angel Wolf Beach Blast takes place every Wednesday between 4:30pm and 5:30pm

Hili 2: Unesco World Heritage site

The site is part of the Hili archaeological park in Al Ain. Excavations there have proved the existence of the earliest known agricultural communities in modern-day UAE. Some date to the Bronze Age but Hili 2 is an Iron Age site. The Iron Age witnessed the development of the falaj, a network of channels that funnelled water from natural springs in the area. Wells allowed settlements to be established, but falaj meant they could grow and thrive. Unesco, the UN's cultural body, awarded Al Ain's sites - including Hili 2 - world heritage status in 2011. Now the most recent dig at the site has revealed even more about the skilled people that lived and worked there.

COMPANY%20PROFILE
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THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

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COMPANY%20PROFILE
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At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

UAE currency: the story behind the money in your pockets
Profile

Co-founders of the company: Vilhelm Hedberg and Ravi Bhusari

Launch year: In 2016 ekar launched and signed an agreement with Etihad Airways in Abu Dhabi. In January 2017 ekar launched in Dubai in a partnership with the RTA.

Number of employees: Over 50

Financing stage: Series B currently being finalised

Investors: Series A - Audacia Capital 

Sector of operation: Transport

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ELeap%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMarch%202021%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ziad%20Toqan%20and%20Jamil%20Khammu%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20Undisclosed%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3ESeven%3C%2Fp%3E%0A
The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

The specs: 2019 Subaru Forester

Price, base: Dh105,900 (Premium); Dh115,900 (Sport)

Engine: 2.5-litre four-cylinder

Transmission: Continuously variable transmission

Power: 182hp @ 5,800rpm

Torque: 239Nm @ 4,400rpm

Fuel economy, combined: 8.1L / 100km (estimated)

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5