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FINANCIAL NEWS
UAE President to hand out 1,235 land plots
05 Jul 2011
(MENAFN) Abu Dhabi’s ruler and UAE president, Sheikh Khalifa Bin Zayed Al Nahayan, plans to give 1,235 land plots to UAE citizens living in Abu Dhabi, Al Ain and the western UAE, Reuters reported.
The UAE has increased handouts and concessions this year, although the country has not seen the popular unrest that swept the region.
Abu Dhabi announced a plan to give USD1.9 billion in housing loans to UAE citizens last month.
This year, the UAE also increased military pensions and began subsidizing basic food commodities. The government also announced a USD1.6 billion plan for infrastructure improvement projects in the more rural northern region and plans to monitor retailers’ food prices to make sure they stay low during Ramadan.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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