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New Funds Urged for Managing Retirement Benefits in UAE

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Global technology advancements and the increased retirement age and years of service, call for an urgent need in the region to establish investment funds in the region to manage retirement and end-of-service benefits, a top official said.Such funds will provide a saving opportunity to all the employees in the UAE and the region labour markets, Dr Abdulrahman Abdul Mannan Al Awar, director general of the Federal Authority for Government Human Resources (FAHR) was quoted as saying by Emirates news agency Wam.

Such funds will provide a saving opportunity to all the employees in the UAE and the region labour markets. (Shutterstock)

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