Sheikh Mohammed says aim is for every Emirati to be financially stable
He visited the New Economy Academy in Dubai, where he was briefed on the variety of academic programmes offered by the institution.
'Our goal is to see every Emirati household enjoying family cohesion, financial stability, and greater awareness of the future and its tools,' Sheikh Mohammed said.
He listened to a presentation by Dr Laila Faridoon, chief executive of the New Economy Academy, about its key programmes to support citizens and enhance their capabilities across economic and financial domains.
Programmes offered by the academy include financial awareness, entrepreneurship, capital markets, real estate pathway, and homebuilding pathway.
Family planning
Sheikh Mohammed was also briefed on the Family Financial Literacy Programme.
It supports the Sheikha Hind bint Maktoum Family Programme, which promotes the well-being of Emirati families in Dubai, by offering insights to boost family stability and cohesion, reinforce societal values and enhance quality of life.
Since its launch, 175 people have graduated from the programme with more scheduled in future.
Hessa bint Essa Buhumaid, director general of the Community Development Authority in Dubai, said the aim is to roll out more programmes aimed at supporting families through every situation and stage of life.
The training programme is also aimed at participants in the Dubai Weddings Programme, which was launched in 2024.
This programme provides financial support for Emiratis preparing for marriage, covering the costs of the main wedding ceremony and offering wedding halls and neighbourhood majlis venues free of charge.
The training programme includes a series of lectures and workshops supervised by experts and specialists.
The aim of these is to enable couples preparing for marriage, as well as newlyweds, to practice sound financial planning and manage resources effectively to ensure long-term stability.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
28 minutes ago
- Zawya
Flydubai breaks ground on new Aircraft Maintenance Centre at Dubai South
flydubai has broken ground on its new Aircraft Maintenance Centre at Dubai South. The multimillion dollar facility, set to complete construction in the last quarter of 2026, will ensure an increased level of control and quicker maintenance turnaround for the carrier's growing fleet. Spread over 32,600 square metres, the maintenance centre will house an aircraft hangar, support workshops and office buildings. The construction of the Aircraft Maintenance Centre underscores flydubai's dedication to strengthening its inhouse capabilities and reflects the carrier's growing maturity as it expands its fleet and network. The groundbreaking ceremony was attended by a senior delegation led by Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South, who joined Ghaith Al Ghaith, Chief Executive Officer of flydubai, as well as representatives from the Mohammed bin Rashid Aerospace Hub (MBRAH). Al Zaffin said, 'This facility reinforces our commitment to supporting the aviation sector through state-of-the-art infrastructure and to further positioning Dubai as a leading global hub for aviation.' Al Ghaith stated, 'This is a strategic step towards supporting our growing maintenance requirement and capacity as we take delivery of more aircraft, and reaffirms our long-term commitment to innovation, operational efficiency and supporting Dubai's position as a global leader in aviation and business excellence.' The carrier signed an agreement with MBRAH for its first purpose-built Aircraft Maintenance Centre at the 2023 Dubai Airshow. Located in Dubai South, the district offers an aviation and logistics ecosystem that makes it an ideal location for the carrier's facility. The maintenance centre will be situated near Al Maktoum International Airport (DWC), set to become the world's largest airport upon completion. The new maintenance centre will be home to the carrier's expanding team of more than 600 skilled engineers working in Line Maintenance, Technical Services, Materials and Workshops, tasked with guaranteeing the safety and airworthiness of flydubai's fleet.
Zawya
28 minutes ago
- Zawya
Dubai Chambers organises workshops on Corporate Tax, Employment Law
Dubai Chambers recently organised two workshops focusing on key aspects of the UAE's Corporate Tax regime and Employment Law. The sessions were designed to ensure the local business community remains informed on the latest legal and regulatory developments across diverse sectors and attracted a total of 125 participants from the private sector. The first workshop focused on the evolution of the UAE Corporate Tax and was organised in collaboration with Habib Al Mulla & Partners and Andersen. The session offered practical insights into corporate tax in the UAE. Participants gained a clear understanding of essential areas including the applicability of corporate tax, Free Zone taxation, tax grouping, calculation methods, transfer pricing compliance, and key legal considerations. The workshop also addressed industry-specific expense deductions, corporate tax return readiness, recent legislative updates, and tax accounting considerations for current and deferred tax. This comprehensive session ensured participants were well-prepared for compliance in the evolving tax landscape. The second workshop was organised in collaboration with Fragomen UAE and Gateley Middle East and explored the UAE's employment laws and regulations. The session provided an overview of the legal framework governing the labour market and practical guidance on visa requirements, categories, and work permits. The workshop also covered essential employment aspects such as probation, pay and benefits, performance management, grievance procedures, and end-of-service processes.
Zawya
28 minutes ago
- Zawya
Emerging market debt sale surge defies global turmoil amid signs of de-dollarisation
Emerging market debt sales boomed in the first half of the year, defying tariff tantrums, missile attacks and gyrating oil prices, on track for another year of records - and with nascent signs of a shift away from the dollar, bankers told Reuters. Cash-rich investors keen for margins - and to diversify their portfolios - hardly paused their buying spree even during U.S. President Donald Trump's "Liberation Day" sweep of tariff announcements or Israel's attacks on Iran. Record supplies of new bonds could continue, with low oil prices driving exporting countries to keep borrowing to fund spending. "What is astonishing this year is how markets ... were still active, if not very active, in the toughest moments of the globe," said Alexis Taffin de Tilques, global head of emerging markets sovereigns and head of Central and Eastern Europe, Middle East and Africa debt capital markets with BNP Paribas. "The volumes of issuance have been incredible." Stefan Weiler, head of debt capital markets for CEEMEA at JPMorgan, said debt sales in the group of regions surpassed $190 billion in the first half of the year, on course to beat last year's all-time record of $285 billion. The surge is another sign of investor interest in emerging market assets in a year that has been marked by the sort of turmoil that typically sends investors fleeing for safe-havens. "Investors are very cash rich ... eagerly looking to deploy their cash in the primary market," said Weiler, predicting that if oil prices fell, issuance from the Middle East and North Africa could rise further. The Gulf, led by behemoth Saudi Arabia, issued just over 40% of CEEMEA debt, bankers said, as companies and countries took advantage of a dip in interest rates and the expectation that U.S. Treasury yields would remain elevated for some time. "It has been definitely a record first half of issuances this year" for the Middle East, said Khaled Darwish, head of CEEMEA Debt Capital Markets at HSBC, calculating that Middle East issuers had raised bond and sukuk deals worth $106 billion so far this year, compared with $139 billion for the whole of 2024. "The impact of all the geopolitical developments that happened this year has been quite minimal on the GCC market," he added. Geopolitical upheaval has even helped demand for certain issues. Investors who may once have been cautious about defence companies have become keener in response to higher military spending in NATO countries following Russia's invasion of Ukraine. Czech defence and industrial company CSG more than doubled its dual-tranche 2031 bond issue to 1 billion euros and $1 billion in response to strong investor demand. DIVERSIFICATION Fixed-income investment is better shielded from geopolitical turmoil than equity markets, Taffin de Tilques said. Weiler said crossover investors are keen for the bigger margins emerging market debt offers. Citi's debt finance team said global emerging-market issuance volumes were up 20% year-on-year for the first half of 2025, with corporate issuance growing particularly quickly. While much of it is refinancing, new issuers have joined the fray such as Saudi mining giant Maaden, with a sukuk worth $1.25 billion, and Angola's Azul Energy, which debuted with a $1.2 billion bond. Victor Mourad, Citi's co-head of CEEMEA debt financing, said the growing list of debut issuers offered investors diversification. Darwish and Weiler said there are also more governments and corporates turning to other currencies - chiefly the euro - to diversify away from the dollar. Saudi Arabia issued in euros this year, as did Sharjah in the United Arab Emirates. Weiler said other currencies were being explored too, from Japanese yen to "Panda bonds" issued on China's domestic market in yuan. Uruguay sold its first sovereign bond in Swiss francs. "There's definitely a theme among global issuers currently exploring more non-USD financing alternatives as borrowers are seeking to achieve less reliance on USD-denominated funding," Weiler said, adding it was an early sign of de-dollarisation. "I think it's the start of a clear trend." Mourad said the other notable trend was a move away from 30-year issues; he said there were only two 30-year transactions from the CEEMEA region in the first half of the year. Yield curves have become steeper globally, making longer-term issues more costly to governments and corporates than before. "The long end supply has been replaced by a surge in volumes for three-year transactions as issuers took a view on short-term rates," Mourad said.
