A failure to equip our country’s youth with the tools for long-term financial freedom is a failure to invest in national success, economic growth, and individual happiness. Banks must do their part.
Savings
Financial resilience
UAE’s National Bonds firm reports investments worth $3.23bn in 2021 as residents return to “low-risk savings”
UAE citizens and residents who have been long-term National Bonds savers with the company since 2006 have earned 64.11 percent in cumulative returns on their savings
Budgeting
Why women shy away from making long-term financial investments, but outperform men when they do
Close to 90 percent of women believe their spouse, or male family member, know more about investing than they do although females are more involved in budgeting and saving decisions
Dubai
Saving scheme for foreign employees in gov’t roles to increase UAE’s talent attraction and retention: experts
The initiative will also boost the economy by allowing for capital to be invested through locally managed firms; private sector expected to follow suite
Dubai
Dubai Crown Prince launches savings scheme for foreign employees in govt roles to boost end-of-service benefits
The integrated system will offer government employees various saving opportunities across financial portfolios in order to grow their benefits and savings for the future. Citizens and residents will be able to choose multiple investment structures including traditional investment funds, and others compatible with Islamic Sharia.
cash management
Five financial New Year resolutions for 2022
Even if it’s just one or two resolutions, having the right financial mindset can get you off to a good start to 2022
financial management
How adopting a savings culture can minimise stress
Good financial management doesn’t just increase your money in the bank, it leads to a happier life
Financial goals
Video: Why it’s never too early, or late, to start investing
While setting money aside for an investment portfolio each month is not a priority for most young professionals, developing the habit of investing at an early age pays off in the long-term, according to Ramzi Khleif, MENA general manager, Stashaway.
Financial goals
Why it’s never too early, or late, to start investing
Building an investment portfolio early-on instils discipline, while cryptocurrencies are driving interest among Gen Zs, says Stashaway GM
coronavirus lockdown
Video: Here’s how to interpret data during the pandemic
The savings rate went from 8% in the early part of the year to 33% during the pandemic.
Expats savings
More UAE residents said to be saving less each month
Yallacompare Consumer Confidence Tracker reveals savings trends in the UAE for second quarter of 2019
Expats savings
Bank savings in the UAE hit record $45.1bn
UAE Central Bank figures reveal 9% in savings held by the country’s lenders compared to the end of 2018
end-of-service gratuity
Everything UAE residents need to know about planning for retirement
Experts in the UAE give advice to ensure you are able to enjoy your retirement, whenever it arrives
Expat retirement
Many UAE expats unprepared for retirement – survey
New survey reveals majority of UAE expats do not have realistic plans for securing a comfortable lifestyle when they finish working
Abu Dhabi
Lack of savings said to be among key worries of UAE expats
Guardian Wealth Management says despite earning higher salariesand not paying income tax, many expats struggle to put away money each month
Ambareen Musa
Budgeting blunders: Have you been doing it wrong all along?
Opinion: Five of the most critical mistakes that can keep your budget from delivering the results you’re hoping to accomplish