What is micro-retirement? And why is Gen Z embracing it? UAE career experts weigh in
financial planning
Latest in financial planning
BNPL
Debt in disguise: Experts issue Buy Now Pay Later warning as ‘clever marketing’ risks overspending
Buy Now Pay Later (BNPL) plans have been gaining popularity with several service providers offering ease of multiple payment purchases, however, experts urge users to stay vigilant of potential debt traps
childrens education
How much does it cost to raise a child in the UAE? Experts answer
From school costs, housing, and insurance, there’s a lot of factors to consider, experts told Arabian Business
Financial goals
Gen Z are investing nearly twice as early as Baby Boomers, says new report
Over a quarter of Gen Z respondents reported learning about investing in school, significantly higher than older generations, the survey said
Budgeting
UAE savings: How to save over AED5,000 using the viral ‘100 envelopes’ TikTok challenge
Dubai-based finance experts weigh in on whether the viral TikTok ‘100 envelopes’ savings challenge – but is it an effective way to automatically save money daily and develop good financial habits?
financial planning
Gen Z, Millennials better with money than boomers, HSBC boss says
Gen Z and Millennials are better prepared for finance than past generations, however they are not ready for big inheritances without the right plans, says HSBC global wealth chief Nuno Matos
financial advice
Second opinions are as important in financial planning as they are in medical diagnoses
A financial second opinion will expose you to new and different perspectives and possibilities
Financial literacy
UAE Gen Z employees are ‘doom spending’ and maxing credit cards to cope with economic uncertainty, say experts
As global uncertainties mount, from war to inflation, more individuals appear to be coping through short-sighted consumption booms. If unchecked, experts say doom spending trends could worsen future financial instability on both personal and national economic levels
financial planning
UAE savings guide: How to save more of your salary with the 50/30/20 rule
Since UAE workers have the advantage of working on a tax-free salary, implementing this rule would should lead to higher savings over time
financial planning
National Bonds, Umm Al Quwain FTZ partner to empower employees with retirement planning
The programme aims to help individuals invest in their future and also support corporates with employee retention strategies
Amazon Payment Services
UAE Gen Z prefer Buy Now, Pay Later scheme, digital payments, says Amazon report
The study, which was conducted amongst Gen Z – individuals born between 1997 and 2012, compared their spending habits to that of millennials – individuals born between 1981 and 1996
Budgeting
Financial literacy should be a life skill for Generation Z
Keeping accurate information about money is simply maths, not financial literacy. Understanding whether you should make a purchase is financial literacy
Dubai
Dubai’s economy knows only one word: success
Arian Eghbali, the CEO of Enrich Financial, shares his insight’s into Dubai’s economic future
Dubai gratuity law
UAE gratuity change: How to calculate your end-of-service benefits
Following new changes, here is how you can calculate your gratuity
Dubai gratuity law
UAE announces private sector gratuity will not include unpaid leave days
The end-of-service gratuity is calculated based on the final basic salary of the employee
Dubai Taxi Corporation
Dubai reveals Golden Pension Plan for taxi drivers
The plan allows employees to contribute as little as AED100 on a monthly basis
Dubai gratuity law
UAE gratuity: How to calculate your end of service benefits
The UAE exercises strong laws regarding end-of-service benefits to ensure employees are met with a safety net in case of job loss or resignation