Employees registered on UAE Wages Protection System up by 27%

Thursday, 11 May 2023 07:34

By ARN News Staff

The average number of registered employees on the UAE Wages Protection System (UAEWPS) increased to AED 5.2 million in 2022, a rise from AED 4.2 million in 2021.

That's according to the Central Bank of the UAE's 2022 Annual Report, which was issued on Wednesday.

Total salaries increased from AED 46.4 million to AED 55.5 million, while the value of salaries paid also went up, amounting to AED 249 billion compared with AED 212 billion in 2021.

The WPS saw an increase of 27 per cent in the number of employers registered on December 31, 2022, jumping from 216,690 to 275,680.

More from Business

IMF approves $8.1 billion loan for Ukraine

The International Monetary Fund's executive board has approved an $8.1 billion, four-year loan for Ukraine on Thursday, with $1.5 billion to be disbursed immediately to help keep the government running as its war against Russia's invasion drags into a fifth year.
Paramount Skydance wins Warner Bros, Netflix walks away

Paramount Skydance has emerged as the winner in a months-long battle to acquire Warner Bros Discovery, after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio.
Dubai's flydubai reports record AED2.2 billion pre-tax profit in 2025

Dubai carrier flydubai has posted a strong 2025 performance driven by record revenue, passenger growth and strategic network expansion, with profit before tax reported at AED2.2 billion ($591 million).
Warner Bros reopens door to Paramount, putting Netflix deal in doubt

Warner Bros Discovery has opened the door on Tuesday to Paramount Skydance after the rival bidder raised its offer to $31 per share.