Mohammed bin Rashid visits the new Economy Academy and witnesses part of the “Family Financial Culture Program

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, “may God bless him”, visited the new Academy of Economics, as he briefed His Highness on the academy’s programs that aim to enhance the capabilities of citizens to absorb the accelerating developments in the field of economy, entrepreneurship and financial resource management.

His Highness also witnessed an aspect of the training program “The Financial Culture of the Family – Dubai … How does your family settle financially?” It is organized by the Community Development Authority in Dubai, in cooperation with the Academy of the New Economy.
His Highness said: “Our goal is to enjoy every Emirati home with family cohesion and financial stability … and awareness of the future and its tools.”
His Highness, in the presence of His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, the second deputy of the ruler of Dubai, and His Excellency Mohammed bin Abdullah Al -Qarqawi, Minister of Cabinet Affairs, listened to an explanation from Dr. Laila Faridoun, CEO of the new economy of the economy on the goals of the training program “The Financial Culture of the Family – Dubai .. How does your family settle financially?” Which comes 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 of the UAE and Ruler of Dubai, “May God bless him”, Her Highness Sheikha Hind bint Maktoum bin Juma Al Maktoum, with the aim of supporting the establishment and growth of families in Dubai in a way that contributes to enhancing their stability and interdependence, establishing societal values, and enhancing the quality of the life of families in the emirate.
The “Financial Culture for the Family – Dubai … How does your family settle down?” It is organized by the Community Development Authority in Dubai, in cooperation with the Academy of the New Economy, since its inception in the graduation of 175 families in 3 batches, and will work to graduate 3 new batches during the coming period.
His Excellency Hessa Bint Issa Bouhamid, Director General of the Community Development Authority in Dubai, said that the Family Financial Culture Program, which falls within the Sheikha Hind Bint Maktoum program, comes as a translation of leadership directives that the enabling of the Emirati family and the consolidation of its cohesion and stability is a priority within the policies and plans of all parties.
Her Excellency affirmed that the Community Development Authority in Dubai will continue to cooperate with its partners, especially the Academy of the new economy, to offer more programs that aim to support families in everything related to the aspects and stages of their life.
The training program targets the members of the “Dubai weddings” program, which was launched by the Community Development 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 alleviate financial burdens for them, in a way that encourages them to marry, and contributes to enhancing family stability, as the program is characterized by covering the costs of the main wedding party, providing wedding halls and councils The neighborhoods are free.
The training program 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”.
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 stability, in addition to awareness of the importance of savings, family budget management, and avoiding debts that may negatively affect their family stability, as it aims to help the spouses in setting an effective budget and managing expenses in a sustainable way and allocating money For necessities.
The program is presented with integrated paths that combine financial, psychological and social awareness, based on the importance of this interdependence in building coherent families and stable societies, as the program provides the participants through its training paths with a initial road map for their financial future, which enables them to make deliberate decisions that help them achieve their financial goals with confidence and awareness.
The training program provides advanced debt management strategies, and encouraging savings to achieve the main goals of life such as having a house, raising children, preparing for retirement, in addition to providing husbands with constructive communication skills to address any financial disputes.
The program also includes learning smart investment strategies, wealth building, and understanding of various retirement savings options. Participants also train in how to deal with financial challenges such as job loss or medical emergencies, and achieve financial balance in difficult times.