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Pocketful of Dirhams
Felicity Glover answers personal finance questions about saving, investing, managing debt, and more. This weekly podcast by The National originates from their newsroom in Abu Dhabi.
Episodes
What does the future of work have in store for us?
There’s a lot of speculation about how we’ll be working and getting paid in the future – think 2040 and beyond.
While all those dystopian TV shows and movies might help you to imagine what it could be like, we are already getting glimpses of the future in our daily lives.
This is thanks to our increased reliance on automation and, of course, the more recent surge in our use of generative artificia
How to ask for a salary rise in 2024
What is the one thing you dread most about your job? For many, that could be asking for a salary rise – even if you deserve it.
Experts say there is a right and a wrong way to ask your boss for a wage increase and you should start by being prepared before sitting down with your manager for the “salary talk”.
This could include compiling your successes over the past year to boost your case. You sho
A beginner’s guide to investing
Knowing how to invest is an important skill to set you on the road to securing your financial future.
Getting started, however, can be overwhelming if you are a beginner. While there’s a lot of advice on the likes of TikTok and YouTube, this is something you need to be wary about as many influencers are paid to promote investment services or are simply not financial experts.
Taking the DIY investm
How to build a smart portfolio in times of crisis
As if rising interest rates and the cost-of-living crisis aren’t enough for investors to worry about these days.
Despite all the talk of a bull market this year, stock markets continue their typical roller-coaster ride – one minute they’re in positive territory and your portfolio is in the black. And the next, they are impacted by a devastating crisis, such as the wars in Ukraine and Israel-Gaza.
How to find your ‘enough’ for financial freedom
It’s so easy to get caught up in the treadmill of life – chasing money, building our net worth, planning for retirement, supporting our families, working long hours and not spending enough time to do the things we’re passionate about with the people we love.
It took the Covid-19 pandemic to make many of us realise that our work-life balance was much more important for our long-term happiness, heal
Why investors should stay calm while trading
The highs and lows of stock markets are often compared to a roller coaster ride – one minute, you’re on top of the world and making a profit. The next, it could all come crashing down and you start panic selling.
Knowing how to keep our emotions in check while trading is an essential skill that investors need to learn, regardless of their experience.
As legendary investor Warren Buffett once said:
How to set long-term financial goals
There are many reasons why we should have long-term financial goals – but perhaps the biggest is to ensure that we have a security net during our golden years.
Working out what we want to achieve financially in our lives can be a struggle for some.
Sure, there are the usual goals that many of us may aspire to – saving for a home and our children’s education, for instance.
But what if your goals ar
Can gold continue to shine this year?
What are your plans for investing in gold for the rest of year?
As many of you probably know, gold made a welcome comeback in April, jumping above $2,000 per ounce for the first time in more than a year. While the move was great news for gold investors, the bad news is that the precious metal typically rises during economic headwinds.
In this case, the US banking crisis had taken hold amid persist
The Winklevoss twins on Bitcoin and investing in crypto
In this special episode of Pocketful of Dirhams, we talk to the billionaire twin brothers who famously sued Harvard classmate Mark Zuckerberg for allegedly stealing their idea for Facebook.
Cameron and Tyler Winklevoss, former Olympic rowers and founders of crypto exchange Gemini, first became famous after their legal dispute with Mr Zuckerberg, portrayed in the critically acclaimed 2010 movie, Th
How to keep your money safe while travelling this summer
As the summer holidays approach, have you started thinking about how to protect your hard-earned money while travelling abroad?
There are numerous hazards to be aware of – from pickpockets to sophisticated bait and switch scams and online fraudsters, to name a few.
But there are ways that you can protect your finances before and during your holiday, such as being prepared and having a plan B in pl
How to stay on top of your finances during Eid
Are you financially prepared for the Eid Al Fitr celebrations?
There are numerous expenses associated with the holiday — such as gifts, new clothes, family gatherings, zakat and overseas travel.
There is no doubt that it can be an expensive time of the year for many households in the UAE — particularly for those who have left it too late to set budgets and put away money in the lead up to the holi
How do finance professionals manage their own money?
Have you ever wondered how finance professionals manage their own money?
It can be difficult for many of us to manage our personal finances at the best of times, such as sticking to a budget, ensuring we have enough to cover our daily expenses and consistently saving for important financial milestones, such as a down payment on a home and retirement.
There's no doubt that financial literacy is one
Can ChatGPT replace financial advisers?
Have you tried ChatGPT yet?
There’s been a lot of talk lately about the chatbot developed by Open AI to generate human-like conversations with people on a range of topics – big or small.
There’s no doubt that many of you – like me – have already tried it and found that its potential is wide-ranging.
Over the past few years, low-cost investment robo-advisers have democratised investing for the mass
Will you receive a salary rise this year?
It’s that time of the year when many employees can expect a salary rise and bonus. On average, salaries in the UAE are expected to rise by 2 per cent to 5 per cent, although this depends on the sector you are working in and your role. According to a recent survey by jobs portal Bayt.com, 53 per cent of professionals in the UAE expect to receive a salary increase this year.
Employees in banking, fi
Top tips to boost your finances in 2023
It’s been a tough year on our personal finances — from record-high global inflation to rising interest rates and an increase in borrowing costs for consumers.
There are also strong warning signs that a global recession is looming.
But, as we head into 2023, now is a good time to review your finances and plan ahead.
This is to ensure you begin the New Year on a positive financial f
What to do if a debt collector calls
It can be an extremely stressful time if you lose control of your debts and can no longer keep up with monthly instalments on credit cards or loans.
There are many reasons why debts can spiral out of control — from losing your job to facing a medical emergency, or even spending beyond your means.
Whatever the reason, there are consequences — after three missed payments, banks in the UAE will alert
Why the unemployment pay scheme is a vital safety net
The UAE’s Unemployment Insurance Scheme took effect earlier this month, giving all Emirati and foreign employees in the country a vital cash safety net if they lose their job.
The mandatory social security support system is based on 60 per cent of an employee’s basic salary and is capped at a maximum of three months, the Ministry of Human Resources and Emiratisation said.
While the fi
The pros and cons of fractional property investing
Buying property is one of the biggest financial commitments that we will make in our lives. But getting on to the property ladder can be difficult for some — saving for a deposit while also meeting other expenses can take years, more so these days as property prices quickly rise and mortgages become more expensive due to central banks raising interest rates to rein in inflation.
Others may feel un
Why you should ’HODL’ your crypto right now
It has been a difficult year for cryptocurrency investors. Bitcoin has plunged from a record high of about $68,000 last year to trade in the $19,800 range on Monday, while the cryptocurrency sector's market capitalisation has again fallen below the $1 trillion mark.
Analysts warn that the cryptocurrency roller coaster ride is far from over, dragged down by this year’s equity bear market, global ec
How part-time work helps teenagers to learn vital money skills
The government’s overhaul of visa regulations last September means that teenagers aged 15 to 18 can now work part-time in the UAE, giving them an opportunity to earn a regular salary and learn some vital life skills at the same time.
Those skills can include anything from money management to time management, as well as building confidence, instilling a sense of responsibility and gaining that all-
Is now the time to invest in UAE property?
As the UAE’s property market continues its strong recovery from Covid-19 pandemic-induced headwinds, recent changes to the country’s visa rules have opened up long-term real estate investment options for residents wanting to put down roots in the Emirates.
While average property prices in Dubai rose by 10.9 per cent, year on year, last month, residents can now qualify for a 10-year golden visa if
How to beat the rising cost of living
It's difficult at the best of times to stick to a budget — not only do you have to fund your daily living expenses, but there’s also paying down debt and meeting important savings goals to set you on the path towards a secure financial future. For parents, there are also expensive education costs to consider, as well providing for their children.
But during times of high inflation and rising inter
How to negotiate the best car deal
Buying a new or used vehicle can be an overwhelming experience for many — especially if you know very little about cars and what to be aware of before making a commitment.
But cutting through the noise of slick sales talk and the many deals that are on offer in the UAE — which typically include extended warranties, free service packages, insurance and registration for the first year — is only the
How to protect your life savings from online scammers
Protecting our finances online has become more difficult since the start of the Covid-19 pandemic, when we switched our lives online to work, study and shop from home during movement restrictions.
The recent spate of true-crime documentaries on streaming services, including Netflix’s The Tinder Swindler, Bad Vegan and Inventing Anna, have served to highlight the issue — showing just how easy it is
UAE salaries: why the outlook is positive in 2022
Salaries, hiring and workplace trends have been some of the biggest concerns for employees since the Covid-19 pandemic began two years ago. From temporary furloughs to salary cuts and working from home, it has been a difficult experience for many people around the world.
However, the jobs market in the UAE will continue to recover in 2022 as business confidence and hiring activity return to pre-co
Why balance is important for happiness, health and wealth
Personal finance expert and author Andrew Hallam has inspired expatriates around the world to invest more effectively through his international bestselling books Millionaire Teacher and Millionaire Expat, which detail his journey about how he built a million-dollar portfolio of low-cost exchange-traded funds on a teacher’s salary.
Hallam, who started investing as a teenager and became a millionair
Why it is important to stress test your portfolio
With so much talk about stagflation, inflation, stock market bubbles, the Covid-19 pandemic and the supply chain crunch, investors have every right to feel jittery these days. And as central banks start preparing to withdraw their pandemic stimulus measures, now is the time to put your investment portfolio through a stress test to help protect your financial future. Taking steps to shield your p
Meet the Dh50 million Mahzooz winner Junaid Rana
Almost everybody has dreamt of one day winning a life-changing amount of money. For most, however, it remains nothing more than that: just a dream. But for Junaid Rana, a 36-year-old Pakistani driver who grew up in Dubai, that dream became reality when he won Dh50 million ($13.6 million) after entering a Mahzooz weekly draw last month.
He’s gone from earning Dh6,000 a month as a company driver to
How to make money grow on trees
“Money doesn’t grow on trees” is an expression we have all heard at some point in our lives. It might be something our parents told us or we tell our own children when they demand things that are too expensive. The transformational coach and yoga teacher Esra Ogut, author of Money Does Grow on Trees: The Myths We Create and Live By, says the reverse is true.
Ms Ogut, a former shoe sales
Why this man is on a mission to help others save money
If there’s one lesson that the Covid-19 pandemic has taught us, it’s that being financially secure during times of uncertainty is crucial. This includes having a financial safety net to protect against job loss or other unforeseen events, as well as saving and investing for the future. But money skills continue to lag, according to a 2019 financial literacy survey by Visa, which found that 43 per
How gamers are earning cryptocurrency for a living
Video game players have discovered a lucrative side hustle – earning cryptocurrency by signing up for play-to-earn games.
One of the most popular play-to-earn games is Axie Infinity, which allows players to accumulate tradable cryptocurrency coins. In fact, it’s become a financial lifeline for many gamers who have lost their jobs in countries such as the Philippines, Brazil and Venezuela.
How to break the fear of investing
Building up an emergency fund to ensure you are protected against any financial surprises is one of the golden rules of personal finance.
But once that emergency fund has hit its target of about three to six months’ of your monthly expenses, what should you do with the rest?
While many choose to invest their money to grow their net worth over time, others prefer to sit on their savings
What financial lessons have we learnt from the pandemic?
Over the past 18 months, the world has changed more than anyone could have predicted. The Covid-19 pandemic brought the world to a standstill, shutting businesses, schools, offices and shopping malls, and confining millions to their homes for long periods of time. While many saw their incomes dwindle or lost their jobs altogether, others boosted their savings as movement restrictions prevented t
Is a four-day working week possible in the UAE?
Numerous studies around the world are indicating that a four-day working week can be successful, leading to an increase in productivity and happier, healthier employees as the work-life balance improves. Governments and private companies in countries such as Spain, New Zealand and Iceland have been experimenting with a reduced working week without cutting employees’ salaries.
Here in the U
Will pent-up demand from Gulf buyers drive up UK house prices?
The UK’s property market experienced a mini-boom during the pandemic with house prices rising 8.5 per cent last year. This was in sharp contrast to Britain’s wider economy, which was hammered by the fallout from the Covid-19 crisis as the country endured a series of lockdowns.
While a stamp duty holiday helped to propel the market upwards, easier access to mortgage finance and a lockdow
How to find a financial adviser you can trust
Trust is key in any relationship, but when it comes to your money you need to be sure the person offering you advice is 100 per cent reliable. The relationship between the UAE financial advisory sector and resident investors has been dented in recent years due to the mis-selling of expensive savings, investment and life insurance products.
A number of regulatory changes rolled out last
Meet the teen trader who has made a Dh30,000 profit
Interest in trading has surged during the Covid-19 pandemic, with retail investors flocking to platforms such as Robinhood and Etoro to buy and sell stocks.
With time on their hands during movement restrictions and extra money to invest after a series of government stimulus packages, retail traders around the world have embraced the "gamification" of trading, which has been driven by US me
How to live a debt-free life
If there is one lesson the Covid-19 pandemic has taught us, it is to be financially prepared for once-in-a-lifetime events.
In a world where living beyond our means and being in debt has become the norm, setting up a financial safety net to protect our personal finances during economic downturns, such as the Covid-19 pandemic, can be difficult for many.
While the debt-free journey ca
Make managing your money a habit you enjoy
As the popular saying goes: money does not grow on trees. But wealth can grow through careful money management. While getting on top of your finances may seem like an insurmountable task for some, taking control and being consistent will help you turn a time-consuming chore into a habit you actually enjoy.
From tracking your expenses to following a simple budget and cutting down on unnecessary
Why Blockchain is worth far more than cryptocurrencies
It’s hard to pick up a newspaper these days without some reference to cryptocurrencies on the pages. But for some, the world of crypto assets and Blockchain technology seems like another language. Since Bitcoin was first created after the 2008 financial crash, cryptocurrencies have multiplied, along with their value.
While the rise and fall of crypto assets has been well documented with some inv
What’s the investment outlook for the second half of 2021?
While the start of 2021 was bleak, with the world still in the grip of a pandemic that had already ravaged major economies, the outlook now is more positive. There is a sense of hope, thanks to rapid progress on the vaccination drive and coronavirus restrictions easing once again. The global recovery is backed by huge levels of monetary and fiscal support, as well as improving growth and earnings
What to do if your spouse earns more or less than you
The topic of salaries can be a sensitive subject between couples, but what should spouses do if their partner earns more or less than they do?
There are a number of issues for couples to be aware of in this situation, such as some partners believing they deserve a bigger say in shared finances because they earn more, which could lead to resentment.
Financial experts say this should never be the
How to avoid 'lifestyle creep'
Consider this: You’ve just received a promotion and a pay rise at work. But what plans do you have for that extra money? Will you save it – or will you spend it? For some, saving is the obvious way forward because they are happy to live within their means on their old salary and anything extra is a bonus to secure their financial future. But for many others, the temptation is too great and they se
Are you ready for a cashless life?
While the Covid-19 pandemic has changed the way we live and work, it has also accelerated our switch to using contactless cards and e-wallets to pay for goods and services. Millions of people have opted for cashless payments since global lockdowns came into force in March last year amid concerns about the spread of infection through bank notes and coins.
In March, a survey by moneytransfers.com, w
The best travel deals for summer 2021
It’s been more than a year since our 2020 travel plans were disrupted because of the Covid-19 pandemic – and many of us are keen to get back in the air, visit family or take a well-deserved holiday. With vaccination programmes now in place in many countries around the world and travel corridors opening up, it's time to start planning our summer vacations.
There are a number of financial factors to
Is it cheaper to rent or buy a home in the UAE?
The UAE property market is buoyant once again after changes to mortgage rules and new visa programmes for expatriate retirees and foreign investors boosted sentiment in the sector. Dubai property transactions hit their highest level since 2010 in the first quarter of this year, according to ValuStrat. The positivity in the market is encouraging many first-time buyers to snap up a home at a time wh
Are you financially cheating on your partner?
It’s all very well to keep your personal finances to yourself when you are single. But what happens if you continue this habit when you are married? Financial infidelity can have a devastating effect on a marriage and create huge trust issues between couples if one of them is not honest about money. From hiding purchases to having a secret bank and credit card account or taking out a loan without
What borrowers have learnt from five years of The Debt Panel
When a group of debt experts sat around a conference table at The National’s office in Abu Dhabi five years ago, they never imagined the discussion would help to ease the debt problems of hundreds of UAE residents. At the time, banks were inundated with borrowers unable to repay their liabilities because they could no longer take on fresh credit following the launch of the Al Etihad Credit Bureau.
Who wants to be a millionaire?
Becoming a millionaire is a dream for many – to have the financial freedom to never worry again about paying bills or living from pay cheque to pay cheque. But reaching that $1 million mark is easier said than done. It takes patience, discipline and a "millionaire mindset" to reach your financial goals.
It’s also about having a long-term investment strategy, living below your means and sticking t
Helping your children learn about the importance of charity
While saving and budgeting are important habits to teach children when they are young, financial experts say generosity and gratitude are also essential components of financial literacy programmes. Understanding the importance of giving back can lead to positive affirmations for children, making them feel as though they can make a difference in the world and help others less fortunate.
According
Will your salary increase this year?
The Covid-19 pandemic has weighed heavily on millions of workers around the world, with many either losing their jobs, being furloughed or having their salaries cut. While a number of UAE employers reduced their staffing budgets last year to remain operational, the latest salary report by global recruitment consultancy Hays paints a more positive picture for 2021. The report found that hiring acti
The best way for parents to educate teenagers about money
Teaching your teenager how to manage their money may not be as straightforward as you think. Personal finance only forms a tiny part of the curriculum at school, with teenagers often relying on their parents to learn vital lessons about managing money. But with teens sometimes resistant to anything their parents have to say, they may choose to ask others for advice or do things their own way.
Par
How to get the best discount deals in the UAE
Vouchers, coupons and discount codes – there are many ways to cut the cost of dining out, spa treatments and entertainment in the UAE. While coupon websites such as Groupon or Cobone offer daily deals, apps such as The Entertainer present buy-one-get-one free offers as well as percentage discounts.
Other options include VoucherSkout, Repeat and Helwa, a free app that finds the best coupon codes
What are NFTs and should you invest in them?
NFTs – or non-fungible assets – have been making waves in the investing world after digital artist Beeple sold his Everydays: The First 5,000 Days artwork for an eye watering $69.3 million at a recent Christie’s auction. There’s no arguing that alternative investments, such as collectables like cars, antiques, autographs and long-lost letters penned by the rich and famous, have been around for a l
What’s the best way to invest in the UAE property market?
While last year’s coronavirus lockdown in the UAE led to drop in demand for real estate across the country, there are signs the market is recovering particularly in popular areas and for higher-end homes. Some residents are hunting for properties with gardens or more space as the work-from-home trend continues, while demand for short-term rentals is also on the up.
But the idea of investing in re
Financial feminism and why it matters
While great strides towards gender equality have been made over the years, crucial issues remain. In the world of personal finance, concerns include "the gender wage gap" and that many women looking to invest are underserved by the male-dominated financial services sector.
According to the World Economic Forum, it will take women 200 years to achieve pay equality, while a global study by BCG last
Take the no-spend challenge to boost your savings
New research by YouGov has found that more than half of UAE residents have cut non-essential spending over the past six months, while 77 per cent will continue doing so in the future.
That’s no surprise considering the global economic impact of the Covid-19 pandemic, which caused widespread pay cuts and job losses as businesses closed and millions of people started working from home.
But, as eco
Steps on how to move back to the UK
Relocating to another country is always a challenge when you factor in finding a new place to live and work, securing school places and shifting your finances along with the contents of your home.
Some might think moving to their own country would be easier, but former Dubai resident Simon Cahill, a chartered financial planner and partner at London-based Octopus Wealth, says this can be just as c
How to protect yourself from financial fraud
One of the biggest personal finance concerns many people have faced over the years is dishonest advisers selling complex, high-commission financial products to unsuspecting investors that can lock them in for years.
Amber Waheed is one of them. The Dubai-based business strategist and author of the recently released The Great Fraud Fightback lost $80,000 after being duped by her adviser into signi
How to save thousands on your home loan
One of our biggest financial milestones in life is buying a home. From saving up for a deposit to applying for a mortgage and having it approved is a dream come true for millions around the world. Buying property is also one of the best investments we can make – even if it doesn't appreciate in value, it still means that we are paying ourselves rather than a landlord.
But one of the biggest conce
Why is personal finance advice going viral on TikTok?
There’s a lot of content that goes viral on popular short-form video app TikTok these days. Think pranks, dance challenges, lifestyle tips and even the trolling of former US president Donald Trump thanks to a merry band of K-Pop fans and Tiktok teens. But there’s one surprising sector that Gen Zs and millennials are also embracing: personal finance advice. Dubbed FinTok, youth are flocking to TikT
What millennials should do with their Covid cash piles
While the Covid-19 crisis has decimated the finances of some people, it has been kinder to others. Some have lost jobs or had their incomes slashed, while others have managed to retain the same wage level and actually build up a healthy savings pot because restrictions have prevented them from spending.
So, how should the young handle their new Covid cash piles? With vaccinations set to ease res
Can Artificial Intelligence make us better investors?
Investing your money is a tricky business, particularly when the financial markets are trying to factor in a global pandemic. Wild swings in equity prices can cause emotional reactions, with some investors buying or selling without thinking about the long-term implications.
While an army of DIY investors in the UAE now adopt a long-term approach by investing in exchange-traded funds, others pref
Is now the time to invest in post-Brexit Britain?
The UK left the European Union on January 1, more than four years after the country voted to leave the economic bloc in a 2016 referendum. Britain’s exit from the EU comes at a very challenging time for the country’s economy. Not only are businesses adapting to a raft of new rules from the trade deal, they are also enduring a third national lockdown in England as the surge in Covid-19 cases intens
Can Bitcoin’s value really soar to $400,000?
After soaring 300 per cent last year, Bitcoin’s value is still on the rise, as investors pile funds into the leading cryptocurrency. The prices of many other digital coins have also increased sharply, as cryptocurrencies experience a mini boom. While some analysts are making wild predictions about Bitcoin’s price rising as high as $400,000 from its position of about $31,000 at the time of recordin
How to get your savings on track for a bumper 2021
The coronavirus pandemic came as a surprise to us all, making 2020 one of the most challenging years of our lives. From a financial point of view, it has hurt some but benefited others. For those who lost their jobs or had their incomes reduced, it has made the last 10 months a struggle. For others who managed to retain their salary, movement restrictions offered a chance to build up their savings
What’s in store for investors in 2021?
For many, 2020 will be a year they would rather forget. Whether the pandemic affected their health, their families or their finances, its effects will be evident for some time to come. Investors across the globe also suffered a rollercoaster ride in 2020, with markets experiencing some wild swings over the course of the year. And while some people managed to save money during the Covid-19 outbreak
What’s next for the UK property market?
Like many parts of the world, the UK property market has experienced a roller-coaster ride of ups and downs as it absorbs the effects of Covid-19. While there was a total halt in transactions at the height of the pandemic when the country first went into lockdown, the second half of the year saw mortgage applications and transactions surge on the back of UK finance minister Rishi Sunak’s stamp dut
How to apply for a 10-year golden visa in the UAE
Over the past few weeks, the UAE has seen a number of legal and immigration changes that will have a big effect on life in the Emirates. Among them is a very significant expansion to the UAE’s golden visa scheme, which offers a 10-year residency visa to expatriate workers in certain professions. So how does the visa work? How do you find out if you are eligible to apply and why is this important f
How will the new UAE inheritance law affect you?
The UAE government has embarked on one of the biggest overhauls of the legal system in years. Among the changes are amendments to family and personal law with new regulations covering divorce, couples living together and other areas affecting people’s daily lives. From a personal finance perspective, however, one of the most interesting changes centres on wills and inheritance. So how significant
Are we saving enough to fund a 100-year life?
With life expectancy rates rising rapidly across the globe thanks to advances in healthcare and better living standards, many of us will get the chance to celebrate our 100th birthday.
But the financial implications of hitting such a milestone mean that the concept of traditional retirement is fast disappearing. After all, can we really afford to fund our golden years for up to 40 years when you
How the US election affects your investment portfolio
As the world waits for the outcome of the US presidential election, investors have every right to feel nervous. Last week saw global markets spiral downwards on the back of uncertainty about the election result and heightened restrictions across Europe due to a rise in the number of coronavirus cases. Some analysts say that political risk is now a major issue for investors because markets respond
The steps Gen Z must take now to achieve financial freedom
For Generation Z - those born between 1996 and 2015 - brushing up on personal finance know-how is something many carry out through financial apps or by watching videos on YouTube. With boosting financial literacy levels a key aim for governments across the globe, and the world still gripped by the devastating financial effects of Covid-19, there has never been a better time to equip the young with
Why women’s careers have been hurt the most by Covid-19
The coronavirus outbreak has infected more than 40 million people worldwide and damaged economies, industries and employment levels. But women are being disproportionately hurt by the economic fallout of the crisis. With sectors that typically employ women, such as retail and hospitality, badly affected by Covid-19, women’s jobs are 1.8 times more vulnerable to the crisis than men’s, according to
Is property a sound investment for the future?
There are numerous asset classes you can invest your money into – from stocks and bonds to exchange traded funds, mutual funds, gold, art, cryptocurrencies and more.But one of the favourites, particularly in the UAE, is property – mainly because it is a tangible asset. Investing in real estate is sometimes considered a more solid and secure investment, partly because you can actually touch your as
How to achieve financial independence by investing on your own
For people new to the world of investing, buying stocks can be a scary concept, particularly during periods of extreme volatility. But according to SimplyFI.org, a non-profit community of personal finance and investing enthusiasts in the UAE, investing does not need to be complex at all. It says the process can actually be quite simple and you can master the basics in a couple of hours. To help re
Getting the best deal on your remittances from the UAE
Sending money to family members in your home country is something many UAE residents do on a regular basis. But as the world struggles with the effects of Covid-19 and some people have lost jobs or experienced a salary cut, actually having the money to transfer is an issue in itself.
With so many of us now focused on keeping costs down, what is the best way to transfer money from the UAE? How do y
Robo-advisers and how they make your money work for you
When it comes to investing, UAE residents generally have two options: use the services of a financial adviser or go it alone and invest on their own. However, a new wave of low-cost digital investment platforms that gauge an investor’s risk tolerance and assigns them a tailored investment portfolio of exchange traded funds have emerged in recent years.
Known as robo-advisers, the FinTech platform
Why knowing your UAE credit score is so important
With the Covid-19 pandemic affecting salaries and jobs across the globe, it’s very important that residents in the UAE stay on top of their finances and in turn their credit score. The Central Bank of the UAE's Dh256bn Targeted Economic Support Scheme helps lenders handle problem debts during the pandemic, with many residents receiving payment holidays on credit facilities such as loans and mortga
How new graduates can launch their career during coronavirus
With universities across the globe forced to shut their campuses amid the pandemic, many students are learning remotely. For those finishing their studies this year, it can also mean attending a virtual graduation ceremony. But what happens to graduates once the university learning experience is over? Normally, those ending their higher education would now be wrapping up their assignments, polishi
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