Sheikh Mohammed clears loans for low-income Emiratis

ABU DHABI-His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, has approved the requirements to clear housing loans for Emiratis in the emirate.
The move aims to enhance social stability and ensure the standard of living for UAE citizens.

The ruler has also approved several policies during a meeting at Expo 2020 Dubai including the UAE National Medicine Policy that seeks to promote and protect the health and wellbeing of residents.

Present in the meeting were Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance; Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior; Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.

The policy that involves all main actors in the pharmaceutical field, provides a framework within which the activities of the pharmaceutical sector can be coordinated. It encourages R&D in the sector including operational research, drug development and clinical research.

Also aims at increasing local production of medicine, while further improving the quality of medicine in the UAE, in addition to attracting and facilitating investments in the pharmaceutical sector.

The cabinet adopted the UAE cultural and creative industries strategy to maximize the sector participation to be among the top ten performing sectors in the national economy and to account for 5% of the GPD.

The strategy, the first of its kind in the Arab World,combines efforts of all key players of the sector, and adopts performance indicators to measure the progress achieved. 

The strategy aims at fulfilling the UAE aspirations to be a globally recognised centre of creative talents and a leading producer and exporter of creative and cultural content.

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