Mohammad Al Gergawi, UAE Minister of Cabinet Affairs, on Friday met Egypt's Prime Minister Mostafa Madbouly during a three-day celebration of the 50th anniversary of the establishment of Emirati-Egyptian ties.
The celebration was held in Cairo under the theme of “Egypt and the UAE … One Heart”.
During the meeting, the two sides lauded the successful organisation of the celebration, held under the patronage of President Sheikh Mohamed and Egyptian President Abdel Fattah El Sisi, to underscore the close relations between the two countries and their peoples.
The event also displayed the successful achievements in Emirati-Egyptian relations over the past 50 years.
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, visited Cairo on Thursday and was welcomed by Mr El Sisi.
Dr Al Gergawi said that the celebration highlighted the close, five-decade relationship between the two countries.
“The joint meetings between ministers and officials from the two governments, as well as business leaders, intellectuals and journalists over three days emphasised the theme of the event, which is that the two peoples are one,” he said.
The celebration was attended by Egyptian and Emirati diplomats and ministers as well as prominent cultural, media and economic figures
Tips for newlyweds to better manage finances
All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.
Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.
Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.
Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.
Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.
Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.
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UAE currency: the story behind the money in your pockets
