"Community development" In Dubai launches a program "Family financial culture"

Dubai, April 30 / WAM / The Community Development Authority in Dubai launched, in cooperation with the Academy of the New Economy, the training program, “The Financial Culture of the Family – Dubai .. How your family settles financially”, within the “Sheikha Hind Bint Maktoum Program for the Family”, which was launched by the campus of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, Ruler of Dubai, may God bless him, Her Highness Sheikha Hind Bint Maktoum bin Jumaa Al Maktoum, with the aim of supporting the establishment and growth Families in Dubai contribute to enhancing their stability and interdependence, consolidating societal values, and enhancing the quality of the life of families in the emirate.

The training program targets the members of the “Dubai weddings” program, which was launched by the authority in January 2024, under the direction of His Highness Sheikha Hind bint Maktoum bin Juma Al Maktoum, with the aim of providing support for those coming to marry citizens in Dubai, and reduce financial burdens on them, in a way that encourages them to marry, and contributes to enhancing family stability; The program is characterized by covering the costs of the main wedding party, providing wedding halls and biology for free.

The program includes a set of lectures and workshops, under the supervision of a group of experts and specialists from the authority, the new economy of the economy, the General Authority for Pensions and Social Insurance, and the “Union for credit information”.

The program aims to enable those coming to marry and newlyweds of proper financial planning, and to manage financial resources effectively, to ensure their long -term financial stability, in addition to awareness of the importance of savings, family budget management, and avoiding debt, as it aims to help the spouses in setting an effective budget and managing expenses in a sustainable way and allocating money to necessities.

His Excellency Hessa Bint Issa Bouhamid, Director General of the Community Development Authority in Dubai, pointed out that the program reflects the commitment of the authority to support family and social stability for citizens in the Emirate of Dubai and enhance the quality of their lives, and comes within its continuous efforts to support and help those who come to marry by enabling them to skills and knowledge necessary for proper financial planning, in a way that guarantees them a stable and sustainable financial future.

She emphasized that the program is presented in an integrated manner that combines financial, psychological and social awareness, based on the importance of this interdependence in building coherent families and stable societies.

She added that strengthening the financial awareness of the family is not just an economic aspect, but rather a pivotal step in enhancing the psychological and social balance, which is what the commission is keen to in line with the vision of the wise leadership in consolidating family ties, and building a societal environment in support of growth and prosperity at the various levels.

She said in a statement to the Emirates News Agency, “WAM”, that the program focuses on the category of youth and those who are about to marry, and aims to raise their awareness of proper financial practices, noting that the training courses will be held over the next six months, at the rate of more than 100 participants in each session, and that the first session was already started with the participation of 100 young men and women.

She indicated that the program is based on expanded research and social studies conducted by the authority, revealed that the financial side represents one of the most prominent challenges at the beginning of marital life, along with housing and education, stressing that enabling young people from financial planning tools contributes to establishing stable and sustainable families.

She added that the authority has organized since the beginning of 2025 until now more than 150 wedding ceremonies within the “Dubai weddings” initiative, compared to 44 concerts during the year 2024, which contributed to raising the percentage of citizens’ citizens by 12%, noting that these indicators reflect the direct positive impact of initiatives on supporting the training of Emirati families and raising fertility rates.

For her part, Dr. Laila Faridoun, CEO of the New Economy Academy, said that the academy seeks through this program to enable the targets and enhance their financial culture to accommodate the accelerated developments in the field of economy and management of financial resources intelligently and building a sustainable financial future, which reflects positively on the stability of their families and contributes to building a more prosperous society.

His Excellency Marwan Lutfi, Director General of Al -Ittihad for credit Information, stressed, in a statement to “WAM”, that since its foundation issued more than 95 million credit reports, including more than 14 million reports during the year 2024, noting that the credit registry includes all the financial obligations of individuals, and is a major tool for building stable families financially, pointing out that the Union is working to launch a smart application at the end of this year, provides guidance Immediately about evaluating creditworthiness, supporting the promotion of financial culture from within the family.

In turn, Souad Firas Abdel Karim Al -Ramahi, Director General of the General Authority for Pensions and Social Insurance, said that the “Dubai Wedding” initiative is a basic pillar within an integrated program that aims to support young people who are coming to marry and mitigate financial burdens for them.

He pointed out that this initiative is consistent with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the State, Prime Minister and Ruler of Dubai, may God preserve him, and reflects the interest of the rational leadership in the development of society and enhancing the roles of the concerned authorities in implementation.

The program provides advanced debt management strategies, and encouraging savings to achieve the main goals of life such as having a home, raising children, and preparing for retirement, in addition to providing couples with constructive communication skills to address any financial differences.

The program also includes learning smart investment strategies, wealth construction, and understanding of various retirement savings, and participants also train in how to deal with financial challenges such as job loss or medical emergencies, and achieve financial balance in difficult times.

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