The leading international financial hub in the Middle East, Africa & South Asia, DIFC today announced that its Presidential Directive will end 31 July 2020. The directive was declared as DIFC Presidential Directive No 4. 2020 on 26 April 2020 to address the pressing need for firms based in the Centre and enable them to access a number of emergency measures related to their workforce, and ensure the stability and viability during the COVID-19 crisis.
The DIFC Presidential Directive enabled all firms in the centre to take appropriate actions in order to deal with the impact of the pandemic on their businesses. This enabled DIFC Employers to take the following emergency measures without the consent of their employees such as reduced working hours, leave with or without pay, reduce salary, restrict workplace access and impose remote working
Following consultation with government partners and the legal community, DIFC confirms that the Presidential Directive will not be extended beyond the Emergency Period specified in the Directive, which ends on 31 July 2020.
Offices and retail outlets across the Centre are now fully open for business and the health and safety of the DIFC community and our visitors remains our utmost priority. The Centre continues to undertake strict precautionary measures following Dubai and UAE Government guidelines.
DIFC also made the announced of its new Data Protection Law No. 5 of 2020 that has come into effect from 1 July 2020. The law places Dubai and DIFC at the forefront of data protection in the region, enabling the financial hub to enhance the Centre’s data protection practices related to global data, security and privacy best practice.
ⓘ Want to get your content featured on LAFFAZ? Submit your article.