You don’t have to be a customer of Abu Dhabi Islamic Bank to benefit from its financial education opportunities.
You don’t have to be a customer of Abu Dhabi Islamic Bank to benefit from its financial education opportunities.

Deals of the Week: Ramadan bank deals



Abu Dhabi Islamic Bank (ADIB) will focus on its financial literacy campaign, launched in April, during the holy month of Ramadan in a bid to boost customers' knowledge of responsible fiscal management.

As part of its campaign, ADIB, the second-largest Sharia-compliant lender in the Emirates, this week launched its Financial Health Check programme, an easy-to-use financial assessment that is aimed at helping users to change their financial habits.

"Ramadan is a special time of the year when people change their habits," says Tirad Mahmoud, the chief executive of ADIB.

"As a bank, we believe our role is to provide them with the right information and education that help them live a more balanced financial life. Our financial health-check application will help them to see where they are now and give them simple tips on how to manage their finances."

Customers can take the test at any of the six ADIB stands in major shopping malls in the UAE. It is also accessible online through the bank's website and through the its Facebook site.

The financial health check is free and can also be done via iPads, other touch-screen computers as well as PC's or Macs. Anyone can know their financial health irrespective of whether they are a customer of the bank or not.

In April, ADIB launched its financial literacy campaign as part of a long-term strategy to educate customers on the basics of money management, planning and making responsible financial decisions.

The bank kicked off its campaign in April with the release of Smartmoney, a financial booklet that covers topics such as how to budget, manage debt and investments, understand risks and help to create personal wealth.

For more information, go to www.adib.ae.

* * *

Emirates NBD (ENBD), the country's largest bank in terms of assets, is offering UAE nationals a lower interest rate on personal loans during Ramadan.

The lender has cut its personal loan rate to 6.99 per cent per annum, down from 8.99 per cent previously.

"We understand that a number of household expenses may increase in the run up to the holy month, to account for traditional gifts, food and hospitality," says Abdulehah AlKindy, the general manager of retail banking at ENBD.

"This special offer will mean more value and choice for our UAE national customers this Ramadan. As families prepare for traditional festivities, this pricing promotion is aimed to ease the financial pressure on household budgets, allowing more time for enjoyment and celebration."

The promotion finishes on August 31 and is available to salaried UAE nationals only. For more information, visit the bank's website at www.emiratesbank.ae.

* * *

Al Hilal Bank, the Islamic lender fully owned by the Abu Dhabi Government, has announced a payment deferment scheme for customers during Ramadan to lessen their financial responsibilities during the holy month.

The bank says that monthly instalments due between July 26 and August 10 will be postponed for one month free of charge for customers with personal or car finance accounts.

"Ramadan is a time to show compassion and charity towards others," says Mohamed Jamil Berro, the bank's chief executive. "This is our humble way of contributing to the meaningful celebration of the Holy Month."

Visit the bank's website, www.alhilalbank.ae, for more information.

All The Light We Cannot See

Creator: Steven Knight

Stars: Mark Ruffalo, Hugh Laurie, Aria Mia Loberti

Rating: 1/5 

Tips for taking the metro

- set out well ahead of time

- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines

- enter the right cabin. The train may be too busy to move between carriages once you're on

- don't carry too much luggage and tuck it under a seat to make room for fellow passengers

Specs: 2024 McLaren Artura Spider

Engine: 3.0-litre twin-turbo V6 and electric motor
Max power: 700hp at 7,500rpm
Max torque: 720Nm at 2,250rpm
Transmission: Eight-speed dual-clutch auto
0-100km/h: 3.0sec
Top speed: 330kph
Price: From Dh1.14 million ($311,000)
On sale: Now

WHAT MACRO FACTORS ARE IMPACTING META TECH MARKETS?

• Looming global slowdown and recession in key economies

• Russia-Ukraine war

• Interest rate hikes and the rising cost of debt servicing

• Oil price volatility

• Persisting inflationary pressures

• Exchange rate fluctuations

• Shortage of labour/skills

• A resurgence of Covid?

The years Ramadan fell in May

1987

1954

1921

1888

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

COMPANY PROFILE

Company name: Almouneer
Started: 2017
Founders: Dr Noha Khater and Rania Kadry
Based: Egypt
Number of staff: 120
Investment: Bootstrapped, with support from Insead and Egyptian government, seed round of
$3.6 million led by Global Ventures

The biog

Birthday: February 22, 1956

Born: Madahha near Chittagong, Bangladesh

Arrived in UAE: 1978

Exercise: At least one hour a day on the Corniche, from 5.30-6am and 7pm to 8pm.

Favourite place in Abu Dhabi? “Everywhere. Wherever you go, you can relax.”

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

Jurassic Park

Director: Steven Spielberg
Stars: Sam Neill, Jeff Goldblum and Richard Attenborough
Rating: 5/5

THE SPECS

Range Rover Sport Autobiography Dynamic

Engine: 5.0-litre supercharged V8

Transmission: six-speed manual

Power: 518bhp

Torque: 625Nm

Speed: 0-100kmh 5.3 seconds

Price: Dh633,435

On sale: now

Company Profile

Name: HyveGeo
Started: 2023
Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
Based: Cambridge and Dubai
Number of employees: 8
Industry: Sustainability & Environment
Funding: $200,000 plus undisclosed grant
Investors: Venture capital and government

A QUIET PLACE

Starring: Lupita Nyong'o, Joseph Quinn, Djimon Hounsou

Director: Michael Sarnoski

Rating: 4/5

Fireball

Moscow claimed it hit the largest military fuel storage facility in Ukraine, triggering a huge fireball at the site.

A plume of black smoke rose from a fuel storage facility in the village of Kalynivka outside Kyiv on Friday after Russia said it had destroyed the military site with Kalibr cruise missiles.

"On the evening of March 24, Kalibr high-precision sea-based cruise missiles attacked a fuel base in the village of Kalynivka near Kyiv," the Russian defence ministry said in a statement.

Ukraine confirmed the strike, saying the village some 40 kilometres south-west of Kyiv was targeted.

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

Chef Nobu's advice for eating sushi

“One mistake people always make is adding extra wasabi. There is no need for this, because it should already be there between the rice and the fish.
“When eating nigiri, you must dip the fish – not the rice – in soy sauce, otherwise the rice will collapse. Also, don’t use too much soy sauce or it will make you thirsty. For sushi rolls, dip a little of the rice-covered roll lightly in soy sauce and eat in one bite.
“Chopsticks are acceptable, but really, I recommend using your fingers for sushi. Do use chopsticks for sashimi, though.
“The ginger should be eaten separately as a palette cleanser and used to clear the mouth when switching between different pieces of fish.”

UAE athletes heading to Paris 2024

Equestrian
Abdullah Humaid Al Muhairi, Abdullah Al Marri, Omar Al Marzooqi, Salem Al Suwaidi, and Ali Al Karbi (four to be selected).


Judo
Men: Narmandakh Bayanmunkh (66kg), Nugzari Tatalashvili (81kg), Aram Grigorian (90kg), Dzhafar Kostoev (100kg), Magomedomar Magomedomarov (+100kg); women's Khorloodoi Bishrelt (52kg).


Cycling
Safia Al Sayegh (women's road race).

Swimming
Men: Yousef Rashid Al Matroushi (100m freestyle); women: Maha Abdullah Al Shehi (200m freestyle).

Athletics
Maryam Mohammed Al Farsi (women's 100 metres).

Illegal shipments intercepted in Gulf region

The Royal Navy raid is the latest in a series of successful interceptions of drugs and arms in the Gulf

May 11: US coastguard recovers $80 million heroin haul from fishing vessel in Gulf of Oman

May 8: US coastguard vessel USCGC Glen Harris seizes heroin and meth worth more than $30 million from a fishing boat

March 2: Anti-tank guided missiles and missile components seized by HMS Lancaster from a small boat travelling from Iran

October 9, 2022: Royal Navy frigate HMS Montrose recovers drugs worth $17.8 million from a dhow in Arabian Sea

September 27, 2022: US Naval Forces Central Command reports a find of 2.4 tonnes of heroin on board fishing boat in Gulf of Oman 


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