Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has approved the Dh152 million bonus for government workers in the emirate.
Sheikh Hamdan said the payout underscored Dubai's dedication to fostering an environment that nurtures creativity and commitment among employees, according to a statement from the Dubai Government Media Office.
He added that "such efforts contribute significantly to consolidating Dubai’s developmental journey and enhancing its position as the world’s best city to work and live in".
"We have approved the distribution of Dh152 million in performance-based bonuses to exceptional employees, aligning with the Dubai Government’s strategy to cultivate human talent, foster creativity and innovation and empower individuals to implement their innovative ideas," Sheikh Hamdan said.
“We take immense pride in the exceptional performance of Dubai Government employees, and we commend the dedication of our workforce in consistently striving for excellence to provide the best services to Dubai’s residents.
"We hope that this reward serves as an additional motivation for every member of the government workforce.
"Our appreciation for outstanding achievements knows no bounds, and those who leave a lasting impact in their work deserve the utmost recognition," Sheikh Hamdan added.
The allocation of bonuses reflects the Dubai Government's commitment to acknowledging exceptional human competencies, said the media office.
News of the bonus plan comes days after it was announced that New Year's Day was confirmed as a public holiday for government workers in the UAE.
Past winners of the Abu Dhabi Grand Prix
2016 Lewis Hamilton (Mercedes-GP)
2015 Nico Rosberg (Mercedes-GP)
2014 Lewis Hamilton (Mercedes-GP)
2013 Sebastian Vettel (Red Bull Racing)
2012 Kimi Raikkonen (Lotus)
2011 Lewis Hamilton (McLaren)
2010 Sebastian Vettel (Red Bull Racing)
2009 Sebastian Vettel (Red Bull Racing)
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
The alternatives
• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.
• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.
• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.
• 2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.
• PayPal is probably the best-known online goods payment method - usually used for eBay purchases - but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.
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