logo
Dubai expands financial literacy drive to 75,000 students with young investor program

Dubai expands financial literacy drive to 75,000 students with young investor program

Dubai is educating students in the importance of financial literacy and monetary principles such as budgeting and saving.
In a major step towards creating a financially savvy generation, the Knowledge Fund Establishment (KFE), in collaboration with National Bonds Corporation (NBC), has launched a new phase of the Young Investor Program—an initiative aimed at enhancing financial literacy among school students in Dubai.
The latest rollout will reach more than 75,000 students across 50 private schools, marking a significant expansion of the pioneering programme.
Young investors in Dubai
The initiative, the first of its kind in the region, introduces young learners to core financial principles such as saving, budgeting, and long-term planning through interactive and engaging content tailored to school curricula.
Aligned with the vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to build a knowledge-based economy, the Young Investor Program supports both Dubai's Education Strategy 2033 and the Dubai Social Agenda 33.
The initiative reflects the city's broader ambition to become a global hub for education, innovation, and sustainable development.
Abdulla Mohammed Al Awar, CEO of the Knowledge Fund Establishment, said: 'The Young Investor Program reflects our strategic focus on advancing quality education and supporting initiatives that equip students with essential life skills, particularly in financial literacy.
'We believe that investing in our children's education is an investment in Dubai's future, and we take pride in the leading role KFE plays in fostering innovative partnerships between the public and private sectors to realise this vision.'
Mohammed Qasim Al Ali, Group Chief Executive Officer of National Bonds Corporation, said: 'We are proud of our partnership with KFE in implementing this unique programme, which reflects our commitment to building a financially aware generation capable of making informed decisions.
'Early financial education is fundamental to creating a stable and prosperous economy over time. Given the rapid pace of technological advancement in students' lives, we believe it is essential to equip them with the financial skills they need both during their education and in their future careers, so they are well prepared for a world that requires awareness, adaptability and smart decision-making.'
With this expansion, KFE continues to lead efforts in integrating financial literacy into education, reinforcing the UAE's commitment to nurturing future-ready talent and supporting long-term economic stability through youth empowerment.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Abu Dhabi first-half passenger traffic rises 13% despite regional challenges
Abu Dhabi first-half passenger traffic rises 13% despite regional challenges

Zawya

time22 minutes ago

  • Zawya

Abu Dhabi first-half passenger traffic rises 13% despite regional challenges

Abu Dhabi Airports reported on Monday a 13.1% increase in passenger traffic to 15.8 million in the first half of the year, defying periodic disruptions to air transport in the Middle East caused by conflicts. Abu Dhabi's Zayed International Airport (AUH), the travel hub of the United Arab Emirates' capital city, accounted for the vast majority of the traffic, handling 15.5 million passengers, up 13.2% from the first half of last year. The number of flights at AUH increased by 11.4% to nearly 94,000 in the six months to June 30. Abu Dhabi Airports said some new airlines had joined its network of airports, which had increased the number of destinations, particularly to China and India, and noted demand for both tourism and business travel, without giving details. The increases came despite disruptions including a 12-day war between Israel and Iran last month that triggered airspace closures in some Gulf countries, and forced airlines to suspend and reroute some flights. Etihad Airways, Abu Dhabi's main carrier, suspended Israel-bound flights for several weeks in June and faced temporary cancellations on routes to Kuwait, Doha, and Saudi Arabia's Dammam. Low-cost carrier Wizz Air said last week that it would exit its Abu Dhabi operation starting September 1, citing factors including geopolitical instability. "The first six months of this year have posed some operational challenges," Abu Dhabi Airports CEO Elena Sorlini said in a statement, adding that the company's results demonstrated the resilience of its network. Abu Dhabi Airports also operates Al Ain International Airport, Al Bateen Executive Airport, Delma Island Airport and Sir Bani Yas Island Airport, besides AUH.

Saudi Awwal Bank records $1.15bln net profit after Zakat and Income Tax for H1 2025
Saudi Awwal Bank records $1.15bln net profit after Zakat and Income Tax for H1 2025

Zawya

time22 minutes ago

  • Zawya

Saudi Awwal Bank records $1.15bln net profit after Zakat and Income Tax for H1 2025

Lubna S. Olayan, Chair of the Board of Directors of Saudi Awwal Bank (SAB), announced today its financial results for the six-month period ending 30 June 2025, reflecting steady growth across key indicators and continued momentum in SAB's strategic transformation. For the first six months of 2025, SAB generated a net profit after Zakat and income tax of SR4.262 billion, reflecting a 5% year-on-year increase. Total operating income rose to SR7,341 million, supported by higher loan volumes and a strong deposit base. Net loans and advances reached SR283 billion, and customer deposits increased to SR297 billion. Return on tangible equity stood at 15.5%, aligned with the Bank's medium-term performance targets. Lubna Olayan, Chair of SAB, said: 'Our H1 performance demonstrates consistent delivery against our long-term strategy. In a changing macroeconomic environment, we remained focused on what matters most: serving customers, improving efficiency, and building resilience. The momentum across our lending and funding platforms reflects the depth of our capabilities and the strength of execution across the Bank.' She added: 'From operational discipline to digital innovation, we are investing in future-ready banking. Our performance is not just a reflection of market conditions, but rather a result of deliberate choices that support long-term value creation for our stakeholders.' In the first half of 2025, SAB made significant strides in advancing its strategic objectives. The Bank achieved a 9% increase in total loans, reflecting robust growth across our well-respected large and institutional corporate segments, as well as retail, housing, and SME segments. The mortgage growth supported SAB's continued leadership in the national homeownership initiative, maintaining its #3 ranking in REDF originations under Vision 2030. Our strong relationship with HSBC also enables us to capture significant share of the flow of multinationals coming into the Kingdom, which results in both lending and increased off balance sheet commitments. Operational efficiencies contributed to an improved cost-to-income ratio, driven by disciplined management and digital process enhancements. Additionally, SAB strengthened its deposit base and liquidity buffers, ensuring we remain a well-funded Bank to support future growth aspirations. The Bank also maintained strong asset quality and continued to generate solid returns, demonstrating its stability and ongoing progress toward strategic goals. The Bank earned several notable industry recognitions in the same period, including the Best Bank in Saudi Arabia for 2025 by Euromoney. It also received awards for Best Innovation in Financial Performance and Best Bank for ESG, among others. As part of its transformation journey, SAB launched a World-Class Financial Services Innovation Centre in 2025. The centre is designed to accelerate innovation in digital banking, customer experience, and promote sustainable finance, further anchoring SAB's leadership in shaping the future of financial services in the Kingdom. Olayan concluded: 'SAB's strategy is built on innovation, trust, and long-term impact. Our strong performance, combined with the depth of our partnerships and the confidence of our customers, positions us well for the future. I thank our team, our Board, our regulators, and our clients for their continued support as we drive progress on all fronts.' © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (

Saudi Arabia shuts 267 digital platforms to boost unified government services
Saudi Arabia shuts 267 digital platforms to boost unified government services

Zawya

time22 minutes ago

  • Zawya

Saudi Arabia shuts 267 digital platforms to boost unified government services

RIYADH — Saudi Arabia's Digital Government Authority (DGA) has announced the closure and integration of 267 digital platforms across various government sectors as part of ongoing efforts to enhance user experience and increase digital efficiency. The move reflects a broader commitment to improving the quality of government digital services and ensuring platform integration in line with Saudi Arabia's strategic digital transformation goals. According to a statement from the DGA, the closures come under a regulatory framework that includes new governance standards, the adoption of shared technical resources such as the National Single Sign-On system, e-payment gateways, and the Government Integration Channel. All platforms are also required to adhere to the unified design code known as the 'Platform Code,' enabling streamlined and effective digital services. The initiative is part of the 'Inclusive Government' program launched in 2022, which has reduced the number of government digital platforms from 817 to 550 as of the end of H1 2025. The program aims to optimize government resource usage and deliver more efficient and user-centered digital services, supporting the Kingdom's broader digital transformation and improving public satisfaction. The DGA emphasized the importance of collaboration among government entities in developing and managing domains and digital platforms. Central to the strategy is the national app "Tawakkalna," operated by the Saudi Data and Artificial Intelligence Authority (SDAIA), which is being positioned as the primary gateway for accessing unified government services. The authority reaffirmed its commitment to building an integrated digital ecosystem that enhances the performance of digital platforms and elevates the Kingdom's position in global digital government indicators. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store