Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai, has directed a financial support package to be provided to more than 1,000 Emirati pupils from low-income families before the start of the academic year.
Dubai's Community Development Authority will distribute funds to 1,101 pupils registered with the authority.
The assistance will be provided by the end of the month.
The total value of the funding programme was not disclosed.
It is part of a wider strategy by the Higher Committee for Development and Citizen Affairs to help young people with limited incomes.
The Higher Committee for Development and Citizens Affairs was created in May to advance the development of Emiratis in Dubai, to ensure long-term stability and to raise the quality of life for citizens.
“The directives of Sheikh Hamdan bin Mohammed reflect the keenness of Dubai’s wise leadership on providing all ways of support for citizens,” said Ahmad Julfar, director general of Dubai Community Development Authority.
“The directives come before the beginning of the new academic year, aiming at supporting our minors and helping Emirati families to reduce financial burdens.”
In June, Sheikh Hamdan announced a 58 per cent boost to the fund supporting Emiratis in Dubai who are on limited incomes.
The allocated resources to help the emirate's most vulnerable are now at Dh438 million ($119m).
Sheikh Hamdan, chairman of the committee, emphasised the importance of caring for citizens.
“The social sector is the most important during the coming period, and I invite all government agencies to focus on it,” Sheikh Hamdan said at the committee's first meeting.
“I invite all economic actors to participate in developing this vital sector.
“My brother [Deputy Prime Minister, Minister of Finance and Deputy Ruler of Dubai] Sheikh Maktoum and I have a mission” entrusted by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai.
“Citizens first and second and third.”
Last month, President Sheikh Mohamed announced a Dh28 billion ($7.6bn) social support package to provide lower income Emirati families with subsidies to pay for essentials including fuel, food and utilities.
The President said the existing social support scheme for citizens would be restructured to raise annual financial assistance from Dh2.7bn to Dh5bn.
The total social support budget has been doubled from Dh14bn.
The social welfare programme has already delivered vital assistance to more than 47,000 limited-income Emirati families to pay for essentials including fuel, food and utilities.
The initiative sets out a series of allowances for Emiratis, which also cover accommodation, university education and support for job seekers.
Emirati families whose household income is up to Dh25,000 a month are eligible.
Wonka
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Three trading apps to try
Sharad Nair recommends three investment apps for UAE residents:
- For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
- If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
- Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
NBA Finals results
Game 1: Warriors 124, Cavaliers 114
Game 2: Warriors 122, Cavaliers 103
Game 3: Cavaliers 102, Warriors 110
Game 4: In Cleveland, Sunday (Monday morning UAE)
Company%20profile
%3Cp%3EName%3A%20Cashew%0D%3Cbr%3EStarted%3A%202020%0D%3Cbr%3EFounders%3A%20Ibtissam%20Ouassif%20and%20Ammar%20Afif%0D%3Cbr%3EBased%3A%20Dubai%2C%20UAE%0D%3Cbr%3EIndustry%3A%20FinTech%0D%3Cbr%3EFunding%20size%3A%20%2410m%0D%3Cbr%3EInvestors%3A%20Mashreq%2C%20others%0D%3C%2Fp%3E%0A
Titanium Escrow profile
Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue
Stage: Early stage
Investors: Founder's friends and Family
KILLING OF QASSEM SULEIMANI
Tearful appearance
Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday.
Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow.
She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
A spokesman said her upset demeanour was due to a personal matter.
CRICKET%20WORLD%20CUP%20LEAGUE%202
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MATCH INFO
Watford 1 (Deulofeu 80' p)
Chelsea 2 (Abraham 5', Pulisic 55')
BRAZIL SQUAD
Alisson (Liverpool), Daniel Fuzato (Roma), Ederson (Man City); Alex Sandro (Juventus), Danilo (Juventus), Eder Militao (Real Madrid), Emerson (Real Betis), Felipe (Atletico Madrid), Marquinhos (PSG), Renan Lodi (Atletico Madrid), Thiago Silva (PSG); Arthur (Barcelona), Casemiro (Real Madrid), Douglas Luiz (Aston Villa), Fabinho (Liverpool), Lucas Paqueta (AC Milan), Philippe Coutinho (Bayern Munich); David Neres (Ajax), Gabriel Jesus (Man City), Richarlison (Everton), Roberto Firmino (Liverpool), Rodrygo (Real Madrid), Willian (Chelsea).
Company%20Profile
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