Shura Finance urges unemployment insurance review

The article focused on the evaluation by the Financial and Economic Affairs Committee of the Shura Council of Bahrain of the Unemployment Insurance Account data for the fiscal year ending December 31, 2024. The committee highlighted that the net assets of the account increased to 530.9 million Bahrain Dinars compared to 463.2 million in 2023, with the rise attributed to the absence of an obligation from the government totaling 133.33 million Dinars. It also pointed out that the account maintains a strong financial position, with surpluses in contributions amounting to approximately 47.2 million Dinars, and that financial paper investments constituted 65.1% of the assets. However, investment income decreased sharply by 86.8%, reaching 1.27 million Dinars. The committee emphasized the necessity of reviewing the account's operational mechanism, improving transparency, and issuing financial reports aligned with international standards to ensure the account's sustainability and to enhance its role in social security.

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