From credit cards to car loans, mortgages, bank accounts and more, The National's weekly Rates Report will help you to make the right decisions to suit your personal finance needs.
With up to the minute data supplied by Souqalmal.com, the region’s leading price comparison website, the information report highlights some of the best personal finance products available in the UAE market today from some of the nation’s leading banks.
Listings criteria will be changed monthly to ensure a varied range of personal finance products for UAE consumers are featured in the report.
All listings are current at the time of publication.
The Emirates Foundation, an independent philanthropic organisation set up by the Government of Abu Dhabi to facilitate public-private funded initiatives to improve the welfare of people across the country, is working with financial experts, banks and the private sector to encourage people to better manage their finances.
Through a financial literacy campaign called Isrif Sah (Spend Right, in English) it hopes to build a cadre of 100 Emiratis who will be trained to become experts in personal finance and then help others. At a later stage, the foundation plans to tour the country, reaching out to students in schools and universities and consumers in the malls to help spread the message.
Sheikh Sultan bin Tahnoon Al Nahyan, managing director of the Emirates Foundation for Youth Development, says: “Financial literacy has emerged as an increasingly important issue notably in light of the global recession, where managing debt effectively emerged as a very salient subject. We want to be able to help young people in the UAE learn how to avoid excessive debt and manage their finances such that they can provide for themselves and their loved ones throughout their lifetime.”
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Unresolved crisis
Russia and Ukraine have been locked in a bitter conflict since 2014, when Ukraine’s Kremlin-friendly president was ousted, Moscow annexed Crimea and then backed a separatist insurgency in the east.
Fighting between the Russia-backed rebels and Ukrainian forces has killed more than 14,000 people. In 2015, France and Germany helped broker a peace deal, known as the Minsk agreements, that ended large-scale hostilities but failed to bring a political settlement of the conflict.
The Kremlin has repeatedly accused Kiev of sabotaging the deal, and Ukrainian officials in recent weeks said that implementing it in full would hurt Ukraine.
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
Abandon
Sangeeta Bandyopadhyay
Translated by Arunava Sinha
Tilted Axis Press
Frankenstein in Baghdad
Ahmed Saadawi
Penguin Press
The Settlers
Director: Louis Theroux
Starring: Daniella Weiss, Ari Abramowitz
Rating: 5/5
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
The biog
Favourite book: Men are from Mars Women are from Venus
Favourite travel destination: Ooty, a hill station in South India
Hobbies: Cooking. Biryani, pepper crab are her signature dishes
Favourite place in UAE: Marjan Island
Killing of Qassem Suleimani
