How much does each UAE resident earn a year?
How many billions do UAE residents save a year? ABU DHABI 30 August 2019: The gross national income per capita is up to Dh55,570 at a time the oil sector’s contribution to GNI is getting […]
Money
Pound nosedives, recession looms, protect your UK assets
DUBAI 29 August 2019: As the pound nosedives and the UK faces a looming recession, those with UK financial assets – including UK pensions, bonds and sizeable holdings of sterling – should consider international options […]
175,000 UAE sales points to accept India’s RuPay
ABU DHABI 25 August 2019: Around 175,000 merchant acceptance locations of 21 businesses and 5,000 ATMs in the UAE will soon start accepting India’s RuPay card, it was announced on Saturday. RuPay card, an Indian […]
UAE Brits in shock as GBP sinks to 30-month low
DUBAI 5 August 2019: The pound plunged to its lowest since January 2017 on Thursday following on from new Prime Minister Boris Johnson’s pledge to leave the EU on 31 October, whether a deal is […]
36% in UAE prefer pay cut for more holiday time
DUBAI 22 July 2019: A new online study conducted in the UAE and Saudi Arabia by LinkedIn has revealed that most working professionals are hesitant to take time off. This is due to various factors, […]
UAE moves to legally define Murhaba and Ijara
ABU DHABI 10 July 2019: The UAE Central Bank’s Higher Sharia Authority (HSA), for financial and banking activities in the UAE was updated on the preliminary draft of the Sharia standard for ‘Murabaha’ and ‘Ijara’. […]
‘Eco-tax’ on plane tickets coming in from 2020
PARIS 10 July 2019: France will introduce a new charge on plane tickets from next year, with revenue used to fund environment-friendly alternatives, a top French official said on Tuesday. The ‘eco-tax’ costing between 1.50 […]
UAE dirham falls against major currencies
ABU DHABI 25 June 2019: The UAE Dirham in Q1-2019 depreciated against the currencies of top 10 non-dollarised import and non-oil export partners by 0.81 pc and 0.53 pc, respectively, on a quarterly basis, according […]
Americans, Brits, Swiss are among top UAE remitters
ABU DHABI 24 June 2019: Expats’ remittances from the UAE amounted to Dh38.41 billionn during Q1-2019, according to figures released by the Central Bank of the United Arab Emirates. Dh25bn was transferred through money exchange […]
RAKBank repays $681.67 million outstanding on bond
DUBAI 26 June 2019: The National Bank of Ras Al Khaimah (RAKBank), rated Baa1 by Moody’s and BBB+ by Fitch (both with stable outlook), has successfully paid back the outstanding nominal amount of US$681.67 million […]