Abu Dhabi, Jan. 14 -- Nearly 250,000 employees have signed up for the unemployment insurance scheme within 12 days of it coming into effect, local media reported.

This was announced by the Minister of Human Resources and Emiratisation, Abdul Rahman Al-Awar, on Thursday.

The scheme which began on January 1, provides compensation of up to three months for public and private sector employees who have lost their jobs.

The scheme received 60,000 subscribers in the first two days of January, which means that the number has quadrupled in just over ten days.

The unemployment insurance scheme aims to create a low-cost job safety net that supports employees in their career journey, providing them with job stability at no cost to employers.

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