Shop-and-win draws have evolved through the years, becoming more accessible to many who dream of being the next lucky winner
uae23 hours ago
A housing programme that bears the name of the late Sheikh Zayed bin Sultan Al Nahyan is continuing to home thousands of Emiratis decades after it was set up. The UAE Vice-President on Sunday announced that he has approved housing loans worth Dh1.6 billion for 2,000 Emiratis.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said the loans are part of the Sheikh Zayed Housing Programme (SZHP). “The programme — which is named after the UAE’s founding father, Sheikh Zayed — continues to realise the purpose for which he established it,” Sheikh Mohammed posted on Twitter.
The UAE Vice-President recalled Sheikh Zayed’s words about money and life being temporary, but service for the nation, eternal.
Established in 1999, the housing programme offers eligible Emiratis interest-free loans repayable over a 25-year period.
In March, the programme announced the first batch of beneficiaries of housing loans and grants worth over Dh435 million for 2023.
In May 2022, the UAE Cabinet had endorsed a new policy on home finance for UAE nationals.
According to this policy, housing loans shall be financed through collaboration between the SZHP and national banks.
“The UAE’s banks shall assume full responsibility for the process of loan funding for Emiratis, and SZHP shall fund the interests resulting from the loans, on behalf of the UAE nationals,” the UAE government states on its official website.
ALSO READ:
Shop-and-win draws have evolved through the years, becoming more accessible to many who dream of being the next lucky winner
uae23 hours ago
The injured were transferred by air ambulance to the country's Sheikh Khalifa Medical City Hospital to complete their treatment
uae1 day ago
The Slacky Mile was initiated by Mouad Aburachid, a Moroccan-born balance coach who views slacklining as more than just a sport
uae1 day ago
This will mark the first public holiday of the year
uae1 day ago
Al Maktoum Archives will serve as a comprehensive repository for the Ruler of Dubai, encompassing his biography, collections, and literary works
uae1 day ago
The advisory comes in line with the country's official list of holidays released earlier this year
uae1 day ago
The annual prize honours individuals and organizations working to advance human fraternity and solidarity across the globe
uae1 day ago
She will be sharing the prize with 10 colleagues, one of whom is battling breast cancer
uae1 day ago