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
financial stability
Latest in financial stability
financial freedom
What does achieving financial freedom mean?
The foundation of financial freedom is rooted in a comprehensive understanding of one’s financial situation
consumer spending
Millennials are no longer victims of bad luck and economic downturn
Tough times forged resilient millennials. The 2008 crisis may have hit them hard, but it also spurred their adaptability, experts say
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
economic crisis
Egypt’s economy freefalls as experts look to lessons from Lebanon’s crisis
Egypt’s economic crisis deepens as reform delays pile on fiscal and debt pressures
anti-money laundering (AML)
UAE announces new entities to combat economic crimes, money laundering
The move intends to further the UAE’s financial stability and economic progress
debt sustainability
IMF warns financial stability risks have increased rapidly since October 2022
The immediate and forceful policy response reduced market anxiety, but sentiment remains fragile, the Fund said
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
Central Bank
Kuwait’s central bank announces 0.5 percent hike in discount rates to 3.5%
Indian central bank also announced a 35 basis points hike in lending rates to 6.25 percent on Wednesday
Central Bank
Inflation, Central Banks, and why it matters
Inflation is the key reason behind a dismal year for investments. Despite regional nuances, the issue is truly global and may not find a quick solution. Volatility should prevail for the coming months
Abu Dhabi
UAE banks can ‘withstand’ severe shocks as global economy evolves: central bank
The national regulator conducted risk analyses through solvency and liquidity tests and supervision to “assess potential vulnerabilities”
e-wallet
Saudi’s central bank grants licences to three fintech SMEs, including Mobily Pay
Debt-based crowdfunding Lendo and consumer microfinancing Finzey were also awarded licenses by SAMA as the kingdom strengthens its finance and payment processing sectors
Abu Dhabi
Efficacy and responsiveness of a regulatory framework is key to the survival of financially distressed firms
The UAE has made significant progress in its commitment to raising corporate governance practice, enhancing the regulatory environment with laws, guidelines and decrees, and advocating accountability and sustainability across its industries
Abu Dhabi economy
Abu Dhabi offers second dollar bond for the year amid low yields
Emirate is selling debt maturing in 10 years, with an initial price talk of about 90 basis points over Treasuries of similar maturity
financial stability
The future of the UAE’s insurance industry
A recent study reveals how The pandemic has altered the way individuals and organisations view the insurance sector