President Sheikh Mohamed on Wednesday attended the UAE Government Annual Meetings in Abu Dhabi, where he took part a session on building Emirati families.
He said building Emirati families and fostering conditions for their growth is a shared national responsibility requiring a holistic approach, state news agency Wam reported. It is a responsibility shared by individuals, the community, and all state institutions, Sheikh Mohamed said, as he called for policies that contribute to family building.
Sheikh Mohamed spoke as leaders and officials from the social, education, human development and healthcare sectors met in the capital. The session also reviewed the key challenges and socio-economic factors facing families.
It was also attended by Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, and General Sheikh Saif bin Zayed, Deputy Prime Minister and Minister of the Interior, among others.
The UAE Government Annual Meetings every year bring together more than 500 leaders and officials from federal and local entities.
Also on Wednesday, Sheikh Hamdan announced the creation of the 71 Challenge for Young Government Leaders.
The project is being introduced to empower and engage young government leaders, unlocking their potential while fostering a community of future leaders. It was unveiled in a meeting with young government officials during the Annual Meetings.
FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
UAE currency: the story behind the money in your pockets
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The specs
Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)
