FNC Financial Affairs Committee Discusses Housing Initiatives
Umer Jamshaid Published February 14, 2019 | 10:31 PM
The Federal National Council, FNC, Financial, Economic and Industrial Affairs Committee was briefed about initiatives and opportunities related to supporting the development of the housing sector while discussing the policy of the Emirates Development Bank
DUBAI, (UrduPoint / Pakistan Point News / WAM - 14th Feb, 2019) The Federal National Council, FNC, Financial, Economic and Industrial Affairs Committee was briefed about initiatives and opportunities related to supporting the development of the housing sector while discussing the policy of the Emirates Development Bank.
The discussion took place during the committee's meeting that was held yesterday at the headquarters of the FNC General Secretariat in Dubai, which was chaired by Majid Hamad Al Shamsi, Chairman of the Committee, and was attended by the representatives of the Mohammed bin Rashid Housing Establishment, the Abu Dhabi Housing Authority and the Sharjah Housing Authority.
The committee discussed the topic through four key pillars, which are the strategic plans of the Emirates Development Bank, coordinating with relevant authorities to fund the housing sector, and funding small and medium-sized enterprises, SME, vital sectors and infrastructure projects.
Al Shamsi said that the committee is monitoring the discussions according to a plan that includes holding meetings with relevant housing authorities, and discussed several issues with their representatives, who presented their plans to fund public housing projects.
He added that the committee discussed the challenges facing these authorities with regards to achieving fund liquidity, to address the growing demand for public housing loans, as well as other challenges and their solutions.
Al Shamsi highlighted the keenness of the FNC to discuss the maximum number of topics related to implementing the "Strategic Parliamentary Plan 2016-2021," which aims to achieve the best parliamentary performance, under the framework of the FNC’s legislative and monitoring functions and in line with the directives of the wise leadership to make citizens happy and achieve leading positions in global competitiveness indexes.
Recent Stories
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
Tennis: ATP/WTA Madrid Open results - 1st update
Long-lost Klimt portrait auctioned off for 30 mn euros
Osaka seals first win on clay since 2022 in Madrid
Earthquake jolts Karachi
Sindh minister orders operation after attack on police in Ghotki
TikTok to fight US ban law in courts
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago