12 %increased the percentage of citizens ’marriage to citizens in Dubai

The Director General of the Community Development Authority in Dubai, Hessa Bint Issa Bouhamid, revealed that the marriage index of citizens increased during the past year, by 12%, thanks to social programs and initiatives with a profound impact, the most important of which are “Dubai weddings” that contributed to encouraging young people to marry.

Hessa Bint Issa Bouhamid told «Emirates Today»: “The (Dubai weddings) initiative, which was launched under the direction of the campus of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God bless him, His Highness Sheikha Hind bint Maktoum bin Jumaa Al Maktoum, organized 344 wedding, since its launch last year, including 150 wedding Dubai), noting that the financial culture program targets the participants in the initiative mainly, and who are in general.

In detail, the Community Development Authority in Dubai, in cooperation with the new economy, launched the training program “The Financial Culture of the Family – Dubai … How does your family settle financially?” Within the “Sheikha Hind Bint Maktoum’s Program for the Family”, with the aim of supporting the establishment and growth of families in Dubai, enhancing their stability and interdependence, consolidating societal values, and enhancing the quality of the life of families in the emirate.

The authority revealed during a press conference yesterday that the training program includes employees of the “Dubai Wedding” program, and includes a set of lectures and workshops, under the supervision of a group of experts and specialists from the Community Development Authority in Dubai, the new economy of the economy, the General Authority for Pension and Social Insurance, and the “Union for credit information”, with the aim of enabling the next to marriage and newlyweds of proper financial planning, resource management Effectively, to ensure their financial stability in the long term, in addition to raising awareness of the importance of savings, managing a family budget, avoiding falling debt that may negatively affect their family stability, also aims to help the couple in setting an effective budget, managing expenditures in a sustainable way, and allocating money to necessities.

The Director General of the Community Development Authority in Dubai, Hessa Bint Issa Bouhamid, said that the “Financial Culture of the Family Culture – Dubai … How does your family settle financially?” The authority reflects the commitment of the family and social stability of citizens in the Emirate of Dubai and enhancing the quality of their lives, by providing them with the skills and knowledge necessary for proper financial planning.

In response to an inquiry from «Emirates Today», she added that choosing the two programs “How to build your home” and “The Financial Culture of the Family – Dubai, how does your family settled financially?” It came based on lengthy social and research studies, with the aim of supporting those who are about to marry, and encouraging young people to take this step early, and then the “Dubai weddings” initiative was launched.

She emphasized that the initiative achieved remarkable success, as it organized 344 wedding, since its launch last year, of which 150 weddings this year, which contributed remarkably to alleviating the burdens of wedding parties, and then the percentage of citizens ’marriage from citizens increased to 12% during the past year, thanks to the direct social impact in the formation of the citizen family, whether in the Emirate of Dubai or at the state level in general.

Dubai weddings are a comprehensive and integrated expenditures that bear the expenses of all the details of the wedding stay, in addition to providing educational courses for the couple, which enhances their social and financial awareness, which qualifies them for the next stage of their lives in an optimal way, as well as coordination with the competent authorities to facilitate the life of the family.

Hessa Bouhamid stressed that, accordingly, the importance of the correct financial management of the house for the newlyweds or those who are about to marry, especially after the launch of the “How to build your home” program in cooperation with the Dubai Municipality and the Academy of Economics, because many young people have lands and they receive support to build the home, and they have nothing but awareness of the ways of the correct management of the family according to their budgets, stressing that the financial stability of the family is one of the most important guarantees that preserves To its extension and stability.

For his part, Marwan Lutfi, General Manager of Al -Ittihad Credit Information Company, said that the credit department is an essential pillar to enhance financial awareness, and indicated that many people may not have an accurate knowledge of the size of their monthly income or the percentage of expenses that consume this income, which affects their ability to make studied financial decisions.

He added that the credit record began to document bank obligations, but it developed to include broader information, such as salary and expenses, which allows users a better understanding of their financial situation, indicating that the individual’s obtaining his credit report allows him to view the details of his salary and the percentage of expenses, which contributes to managing his financial affairs more effectively. He added that the service of issuing credit reports has been significantly developed since its launch in 2014, and the number has doubled from one million credit reports in 2015 to 14 million reports during the past year, stressing the importance of seeing the credit situation periodically, as there are those who are surprised that the delay in paying various obligations, whether bank or service, affects his credit status.

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A sustainable financial future

The CEO of the New Economy Academy, Dr. Laila Faridoun, said: “The new economy of the economy seeks through (the financial culture of the family) to enable the targets and enhance their financial culture to accommodate the accelerated developments in the field of the economy and the management of financial resources intelligently and build a sustainable financial future, which reflects positively on the stability of their families, and contributes to building a more prosperous society.”

She added: “We believe that the stability of the family is the basis of the coherent society, and by the end of this training program, the participants will have a preliminary road map for their financial future, which enables them to make deliberate decisions that help them achieve their financial goals with confidence and awareness.”

. 344 wedding organized by “Dubai weddings”, since its launch last year.