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?
financial security
Latest in financial security
baby boomers
Gen Z must be financially independent and not ‘rely’ on Great Wealth Transfer, say UAE experts
With longer life expectancy and mounting healthcare costs, the traditional concept of passing wealth to the next generation has evolved from certainty to mere possibility, according to experts
Easa Saleh Al Gurg Group
National Bonds partners with Easa Saleh Al Gurg Group to boost financial well-being of 4,000 employees
Through this partnership, National Bonds will offer bespoke savings plans designed to cater to the specific financial needs of ESAG employees
decision making
Estate planning tips to navigate sibling rivalries
Transparency remains key to the harmonious distribution of wealth
Blockchain
Mubadala-backed Andalusia Labs secures $48 million Series A funding
Valued at over $1 billion, the company also announces the establishment of its global headquarters in Abu Dhabi Global Markets
Book
Book Review: ‘The Rules of Wealth’ by Richard Templar
The path to financial freedom made easy with 100 easy-to-follow steps for those looking to earn more, spend wisely, grow their savings and protect their assets
financial security
UAE fintech Maly to launch AI-powered tools to boost long-term investment and saving plans in the GCC
The startup’s aggressive move comes amid the UAE – as well as Saudi Arabia – kicking off initiatives to implement pension and other financial security plans in the employment sector
Employee retention
UAE National Bonds’ My One Million: New savings scheme to become a millionaire explained
Applicants under ‘My One Million’ plan can enjoy the flexibility of choosing a timeline that suits their financial goals, ranging from 3 to 10 years
Abu Dhabi
UAE resident extra salary: How to apply for a second monthly income
Applicants can redeem payments as a whole or on a monthly basis
financial security
Investment gamification: a double-edged sword
Gamifying all aspects of financial services could end in outsize risk
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
Abu Dhabi
Private office of Abu Dhabi royal family member backs startup LumiShare in $3.2mn funding
Significantly, the funding deal comes amid tightening of investments by venture capitals and private equities in view of serious concerns about startups’ ability to generate profits from operations
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
financial decisions
Gen Z face a crisis of financial literacy: Here’s why
On the way to adulthood, understanding money is a crucial skill to learn
Emiratis
UAE Unemployment Insurance Scheme: All you need to know
The new scheme is applicable to all federal government employees and the private sector
Employee pension plans
UAE National Bonds launches Golden Pension Plan for expats, nationals
The National Bonds initiative allows companies to provide financial care for employees