The UAE’s ‘finfluencer’ licensing system combats social media investment scams, with groundbreaking rules requiring anyone with just 1,000 followers who gives financial advice to register with regulators
Personal Finance
Latest in Personal Finance
financial behaviour
UAE money: Does the new TikTok ‘no-spend’ challenge truly work? Dubai finance experts weigh in
Young professionals are turning to TikTok’s ‘no-spend’ challenge to combat rising costs of living, but is the trend a short-term fix or a lasting solution?
credit card
Gen Z, Millennials show alarming increase in credit card debt: Report
Data from Intuit Credit Karma reveals a worrying trend in credit card debt among Gen Z and millennials, with both groups experiencing substantial increases since the Fed began raising interest rates in March 2022
Abu Dhabi
TikTok lures Gen Z with personal finance advice, but experts warn of risks
TikTok has become the go-to platform for young people to learn about personal finance – but will this do more harm than good?
Abu Dhabi
UAE millennials overspend, fail to save: Top 3 errors causing financial ruin
Millennials need to stop blaming the economy for their financial woes and start by breaking these 3 money habits
Dubai
Overspending, lack of money are signs of financial trauma, says expert
Money, which is a form of security and safety, followed by power and stature, can often evoke a sense of worthiness in individuals
billionaires
Billionaires’ wisdom: 10 inspiring quotes from the world’s richest men
Billionaires share their business acumen and motivation for entrepreneurs
Alonso survives first Dakar stage dominated by Minis
The 38-year-old Spaniard, with five-time Dakar bike champion Marc Coma navigating, was over quarter of an hour behind surprise stage winner Vaidotas Zala
E-commerce
Sharp increase in UAE residents’ spend on Valentine’s Day flowers
E-commerce payments witnessed a 111 percent increase from Valentine’s Day 2015 to Valentine’s Day 2017.
UAE’s long-awaited credit bureau to launch in September
Al Etihad Credit Bureau will provide financial institutions with customer data in bid to limit credit bubble risks
Only 3% UAE workers happy with pay – survey
More than two thirds of employees believe they are underpaid compared to industry peers
Big drop reported in Saudi bounced cheques
Saudi Credit Bureau says $1bn worth of cheques bounced in 2012, less than a quarter of 2009 total
UAE execs set to see 6% salary rise in 2013
Investment bankers are at top of the ladder, taking home more than $40,000 a month – study
Locals paid more than us, moan GCC expats – poll
Study reveals that almost half of residents believe citizens are better paid than them
Saudis need more education on savings – survey
About 60% of Saudi nationals fail to save less than a tenth of their income, says poll
Saudi proposes better retirement benefits
Proposal would offer a gratuity based on the number of years service in any role
One-fifth of GCC expats saving nothing – poll
Nearly half of the GCC workforce has less than US$5,000 in savings, while more than one-in-five do not save at all