UAE allocates Dh300 million fund for youth projects

The UAE Cabinet on Wednesday approved the formation of the Emirates Entrepreneurship Council and allocated a Dh300 million fund to support youth projects, encouraging and motivating young people to venture into the field of entrepreneurship.
The council, chaired by Alia Al Mazrouei, aims to foster innovation and enhance opportunities for the next generation of entrepreneurs.The announcement was made by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, through his official X account. The Cabinet meeting, chaired by Sheikh Mohammed, was held at Qasr Al Watan in Abu Dhabi.
Dh7 million award for employees
The Cabinet also approved the launch of a new award for federal government employees, worth Dh7 million, focused on achieving ‘Zero Government Bureaucracy’.
“During the Cabinet meeting today, we approved the launch of a new award for federal government employees, worth Dh7 million, focused on achieving zero bureaucracy. The award will recognise work teams, individuals, and federal entities that develop projects to streamline government procedures, save financial resources, and reduce regulatory burdens on companies and individuals,” Sheikh Mohammed said.This initiative aims to honour and celebrate those who facilitate transactions, simplify procedures, and reduce the steps involved, ultimately saving people time and effort in their government interactions.