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ABU DHABI // The Arab Producers Union has awarded the Shield of Excellence to Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), Supreme Chairwoman of the Family Development Foundation and President of the Supreme Council for Motherhood and Childhood, in recognition of her efforts in service of civil society, launching development projects in Egypt and for her leading humanitarian role.

The shield was received on Sheikha Fatima’s behalf by Dr Maitha bint Salem Al Shamsi, Minister of State, during the ceremony themed “Thanks to the UAE”, held by the Arab Producers Union in Sixth of October City, Egypt.

Dr Al Shamsi conveyed the regards of Sheikha Fatima, the wife of the late Founding Father Sheikh Zayed, and her wishes to the people of Egypt, led by its wise leadership.

She also extended thanks on behalf of Sheikha Fatima to the Arab Producers Union for its constructive efforts to strengthen the joint work and friendship between the UAE and Egypt.

“Egypt will remain under our focus,” Dr Al Shamsi said, indicating that both countries share religious and Arab values, state news agency WAM reported.

While presenting the Shield of Excellence, Dr Mustafa Salama, Secretary General of the Arab Producers Union, said: “Sheikha Fatima is not only the Mother of UAE, but the Mother of All Arabs.”

newsdesk@thenational.ae

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Financial considerations before buying a property

Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.

“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says. 

Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.

Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier. 

Elvis
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UAE currency: the story behind the money in your pockets
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Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

SPECS
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Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

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