The UAE government has announced a new requirement for employees in the private and government sectors to register with an unemployment insurance scheme starting from 1 January 2023, called the Involuntary Loss of Employment (ILOE). This scheme provides Emirati nationals as well as UAE residents financial support in case of redundancy or contract termination from the employer. The new legislation aims to ensure continued sustainable living for the unemployed and help the country retain a competitive knowledge economy while attracting the best international talent.