NBC launches financial education roadshow

Following on from its pledge to create a culture of savings and responsible spending in the country, National Bonds Corporation (NBC) has launched its nationwide financial education roadshow with the aim of educating different segments of the community on how to manage their finances to boost their savings. The first phase of the Financial Education Road show took off recently with targeted sessions in Dubai and Sharjah. The sessions, which were held in Monarch Hotel, Dubai Ladies Club and Sharjah Ladies Club attracted huge interest and were attended by more than 200 National Bonds bondholders and guests. The sessions included seminars on financial planning, techniques on how to manage debts, prioritize expenses and an overview of successful saving habits. The Dubai and Sharjah sessions were the first steps of the roadshow that will continue in Abu Dhabi, Al Ain, Ras Al Khaimah followed by the rest of the Emirates in the coming months. The sessions primarily target females due to the major role they play in building a culture of financial health within their families, which then spreads into the wider community. Mohammed Qasim Al Ali, CEO of National Bonds Corporation PJSC said: “Following the announcement of the results of our 2011 Savings Index, which revealed that nine out of ten UAE residents are not confident in their current savings, and almost half of the population saved much less than they had planned to last year, we pledged to reduce this problem with the launch of a financial education program that will educate people on how to save. We were delighted to see how appreciative the participants were of the information outlaid in the sessions.” From / Gulf Today