President Sheikh Mohamed has held talks with Indonesia's President Prabowo Subianto in Abu Dhabi, state news agency Wam reported on Friday.
During the meeting, the two leaders discussed ways to boost co-operation across fields such as the economy, development, investment and renewable energy.
They also exchanged views on the Israeli attack on Qatar, with both sides reiterating their countries’ condemnation of the attack and expressing their solidarity with Qatar.
They further emphasised that such acts undermine regional security, stability and prospects for peace.
The Indonesian leader arrived in the UAE on Friday for a working visit, Wam reported, and it comes as ties between the two countries continue to strengthen.
A comprehensive economic partnership between the UAE and Indonesia was signed in 2023. The deal is expected to boost the UAE’s non-oil trade with Jakarta to $10 billion by 2027.
The meeting, meanwhile, was also attended by Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, and Sheikh Hamdan bin Mohamed, Deputy Chairman of the Presidential Court for Special Affairs, along with a number of ministers and senior officials.
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
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MATCH INFO
Quarter-finals
Saturday (all times UAE)
England v Australia, 11.15am
New Zealand v Ireland, 2.15pm
Sunday
Wales v France, 11.15am
Japan v South Africa, 2.15pm
GRAN%20TURISMO
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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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