Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has welcomed government and business officials to a majlis.
He spoke of the need for the public and private sectors to work closely and for young people to be involved in the nation's progress.
Sheikh Mohammed further expressed "his appreciation for the efforts undertaken by various stakeholders to accelerate the UAE’s development journey and meet the needs of the community", a statement on his website said.
He highlighted the importance of partnerships between the public and private sectors to help realise the vision of the UAE and Dubai and accelerate the country’s development
Sheikh Mohammed bin Rashid
He welcomed visitors to the majlis at Zabeel Palace on Tuesday evening.
The meeting was held in the presence of Sheikh Hamdan bin Mohammed, Crown Prince and chairman of the Executive Council, and Sheikh Maktoum bin Mohammed, Deputy Prime Minister and Minister of Finance.
"During the meeting, His Highness said that development is a continuous process aimed at achieving the nation’s goals and aspirations," the statement said.
"He highlighted the importance of partnerships between the public and private sectors to help realise the vision of the UAE and Dubai and accelerate the country’s development.
"The meeting also discussed efforts to further improve government services and enhance the business-friendly legislative framework, which is vital to consolidate Dubai’s status as a preferred investment destination."
Sheikh Mohammed spoke of the importance of exploring new public-private partnerships and "discovering solutions to challenges that stand in the way of co-operation between the two sectors".
The meeting was also attended by Sheikh Ahmed bin Saeed, chief executive of Emirates Airline and Group, Sheikh Ahmed bin Mohammed, chairman of the Dubai Media Council and Sheikh Mansoor bin Mohammed, chairman of the Dubai Sports Council.
Killing of Qassem Suleimani
The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
Lord Smith, former Cabinet minister
Sandi Toksvig, broadcaster
Hydrogen: Market potential
Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities and is expected to generate $2.5tn in direct revenues and $11tn of indirect infrastructure by 2050 as its production increases six-fold.
"We believe we are reaching the point of harnessing the element that comprises 90 per cent of the universe, effectively and economically,” the bank said in a recent report.
Falling costs of renewable energy and electrolysers used in green hydrogen production is one of the main catalysts for the increasingly bullish sentiment over the element.
The cost of electrolysers used in green hydrogen production has halved over the last five years and will fall to 60 to 90 per cent by the end of the decade, acceding to Haim Israel, equity strategist at Merrill Lynch. A global focus on decarbonisation and sustainability is also a big driver in its development.
What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
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