Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, visited the New Economy Academy to review its diverse academic offerings designed to enhance the economic and financial adaptability of Emirati citizens. H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum and Mohammad Al Gergawi, Minister of Cabinet Affairs, were also present during the visit.
According to Emirates News Agency, H.H. Sheikh Mohammed participated in a segment of the 'Family Financial Literacy Program - Dubai: How to Build Financial Stability for Your Family,' a collaborative effort between the Community Development Authority in Dubai and the New Economy Academy. He emphasized the importance of family cohesion, financial stability, and future preparedness for every Emirati household.
Dr. Laila Faridoon, CEO of the New Economy Academy, presented an overview of the institution's key programmes aimed at supporting citizens and enhancing their literacy in economic and financial domains. The academy's courses, including Financial Awareness, Entrepreneurship, and Capital Markets, are designed to equip citizens to navigate the evolving economic landscape.
The 'Family Financial Literacy Program - Dubai,' part of the Sheikha Hind Bint Maktoum Family Program, aims to bolster Emirati family stability, societal values, and quality of life. Since its inception, the programme has graduated members of 175 households, with plans to include three more cohorts.
Hessa bint Essa Buhumaid, Director General of the Community Development Authority in Dubai, highlighted the programme's alignment with leadership directives for empowering Emirati families. She noted economic empowerment and financial awareness as vital components in achieving these goals and reiterated the commitment to collaborate with partners like the New Economy Academy for continued support.
The training programme, associated with the 'Dubai Weddings' initiative, aims to support Emirati citizens preparing for marriage by alleviating financial burdens and promoting family stability. It covers wedding costs, provides venues, and includes lectures and workshops by experts from various organizations.
The programme focuses on enabling couples to practice sound financial planning, manage resources, and avoid debt, promoting long-term financial stability. It provides strategies for debt management, savings, and investment, while also addressing financial challenges such as job loss or emergencies. Participants are equipped with skills for effective budget management and financial decision-making for achieving life goals.