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#UAE Liquidity Program - WAM Emirates News Agency 5 Jan 2013

#UAE Liquidity Program - WAM Emirates News Agency 5 Jan 2013

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Published by Gill Wallace Hope

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Published by: Gill Wallace Hope on Jan 05, 2013
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01/05/2013

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January 1, 2013
WAM/Emirates News Agency ( )
 
Founded in 1976 by decree of the Minister of Information and Culture of theUAE. Emirates News Agency is a member of the Group of Arab Gulf Co-operation Council news agencies, FANA, the Federation of Arab News Agencies, the pool of Non-Aligned News agencies, organization of Asia-Pacific News Agencies, and the Islamic News agencies Union.
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Liquidity and cash flow programwill remove stress frombusinesses and families in UAE
 
"If your 
debtor
be in straits,
grant him a delayuntil he can discharge his debt;
but if youwaive the sum as alms it will be better for you, if you but knew it." [The Cow 2:280]
1f 
 
“The fundamental principle of Islamic Finance is „shared risk and shared reward‟ 
therefore if debtor and creditor share the forgiveness of the debt, the burden is halved and both can move forward with 
ease”.
 
Gill Wallace Hope 
 Contractors, Small businesses, entrepreneursand families will receive payments in the UAEstarting Jan 2013it has been announced. 
Gill Wallace Hope is leading the world‟s first
FDI that will inject capital directly at street levelto reduce the stress and suffering of grass rootscommunities, restoring liquidity, getting cashflowing and paying off debt. 
“We ha
ve got the necessary approvals and we
start in January 2013,” said Gill Wallace Hope,
 Advisor to the G20, Financial Stability Boardand the Rulers of UAE in Abu Dhabi. Payment processing will take place online andcheques collected in Abu Dhabi.
“The UAE n
eeds all the entrepreneurs happyand healthy to build the economy and create jobs and micro-
enterprises”, added Hope.
 
Hope‟s Social Development Portfolio includes
Green Communities for Africa and India,200,000 micro-enterprises for unemployedwomen in KSA, Youth micro-enterprises for 100million unemployed youth across MENA. 
 
January 1, 2013
WAM/Emirates News Agency ( )
 
Founded in 1976 by decree of the Minister of Information and Culture of theUAE. Emirates News Agency is a member of the Group of Arab Gulf Co-operation Council news agencies, FANA, the Federation of Arab News Agencies, the pool of Non-Aligned News agencies, organization of Asia-Pacific News Agencies, and the Islamic News agencies Union.
UAE Liquidity Program has a budget of approximately $14 bn (Dh 51.42 billion) and isexpected to positively impact the economy byMarch 2013.
 
Hope said the payments will be processed froma hub in Al Bateen area. Contractors shouldprepare a spreadsheet of their outstandinginvoices/ employees, upload it online with the fileof original invoices.
 
She is advising Companies to meet with thebanks and suppliers to negotiate a Full & Finalsettlement for 50% and bring a letter signed andstamped by 2 bank officers or one Director.
 
The Payment Center will operate 4 shifts of 6hours each and every one issued a ticket will beprocessed within 24 hours. Officials from 132Government Departments have been assignedto check documents and handle queries. 70volunteers will visit the jails and help businessowners agree payments and obtain Releaseletters. Once the cheques have been processedSuppliers and employees can attend to sign andcollect.
 
Funding has been received from QE3, G20 andSovereign Wealth Funds, this innovativeLiquidity program is billed as a hybrid of liquidity,economic stimulus, debt reduction, povertyalleviation and mass collaboration.The UAE Government, World Bank, IMF, USTreasury, UK Treasury, United Nations,Sovereign Wealth Funds, Embassies,Quantative Easing Experts and Economists fromaround the world have congratulated Hope for putting this policy into practice.
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January 1, 2013
WAM/Emirates News Agency ( )
 
Founded in 1976 by decree of the Minister of Information and Culture of theUAE. Emirates News Agency is a member of the Group of Arab Gulf Co-operation Council news agencies, FANA, the Federation of Arab News Agencies, the pool of Non-Aligned News agencies, organization of Asia-Pacific News Agencies, and the Islamic News agencies Union.
„Top down‟ stimulus has not reached the streetlevel so investing „bottom up‟ will have an
immediate effect, releasing systems fromgridlock, and restoring hope. Entrepreneurs willbe able to refocus on serving their customersand re-building the Economy. USA, Italy,Greece, Spain are watching to see how theycould apply this financial system innovation intheir countries.Powerful prayers for the settlement of debts
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