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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 discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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