To sign up, customers can choose the plan’s duration, then set up the monthly contribution, and keep repeating it. They also have the option to make an initial savings amount, which is optional and applies to both individuals and corporations. “Our mission is to empower individuals and corporations…
Read MoreThe significant increase in institutional investments in local shares is a reflection of the growing confidence in the UAE markets and their future growth prospects. This confidence is driven by the strength of the UAE’s economic fundamentals, the strong performance of the companies operating in the country, and…
Read MoreADNIC’s acquiring the 51% stake in Allianz Saudi Fransi Cooperative Insurance Co. for SR499 million is the largest insurance deal in the Middle East in recent years. It reflects the growing importance of the Saudi insurance sector, which is expected to grow to around $10.4 billion by 2026.…
Read MoreDubai: Gold shoppers in the UAE have an early chance to lock in prices ahead of November’s Diwali buying spree, with bullion dropping to $1,875 an ounce – and more important, its lowest point since March. This morning, the UAE gold rate dropped further, Dh210.25. The mere fact that…
Read More“These startups are keeping up with the rapid digital transformation that started during the pandemic and have continued the momentum,” said Dana Moukhallati, News Editor at LinkedIn, the platform for professional networking. “The UAE is clearly a hub for some of the most diverse and progressive startups.” It’s been…
Read MoreAnita Yadev, the CEO of Global Credit Advisory, said, “Customers need to be mindful of the underlying terms and conditions when taking new cards. Banks have different terms and conditions for different credit cards, and they have become stringent when offering credit limits to customers.” For example, banks…
Read MoreThat is why despite interest rates going up over the past two years, demand doesn’t seem to be declining. The high rental yields have also become an attractive proposition for investors. In fact, property prices in some localities have gone above previous peaks, which is indicative of the…
Read MoreDubai: The iPhone 15’s Pro range easily picked up a sizeable share of the advance bookings in the UAE, with sales of Apple’s latest smartphone starting today (September 22). “In fact, pre-launch interest and bookings for the 15 has come in higher than that for the iPhone 14,”…
Read MoreSome UAE banks have introduced marginal increases to interest rates on outstanding balances and on financial charges for credit cards, said Anita Yadav, the CEO of Global Credit Advisory. Monthly rates on balances have gone up from 2.5-3 per cent in 2022 to 3.25-3.85 per cent. “Banks may…
Read MoreThe US Federal Reserve kept its key policy rate unchanged at a 22-year-high on Wednesday – the second time it has hit the pause button this year – while forecasting an additional rate hike before the end of the year to bring down inflation. The Fed’s decision to…
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