This week in money



Emirates NBD first to use credit score

Emirates NBD became the first UAE financial institution to process loan or card applications using the Al Etihad Credit Bureau (AECB) Consumer Retail Banking Score. The bank said it now links its interest rates and eligibility on loans and credit card limits to the score.

Mercedes E-Class tops list of popular executive cars

The Mercedes E-Class is the most popular second-hand executive car in the UAE, according to CarSwitch.com, which has ranked the most popular executive cars, based on its current database, and sales generated. German cars, in general, are in high demand, according to the second-hand car marketplace, which said the first-placed Mercedes accounts for 30 per cent of executive car sales on its site. The experts chose their top ­executive picks based on luxury, power, value and the demand seen on their portal. Other top spots were taken by BMW and Audi models.

18,000

Visa started a six-week training programme for more than 18,000 UAE merchants this week aimed at accelerating the adoption of contactless payments across the country. The global payments provider has also developed a toolkit to help companies understand contactless payments technology. Visa payWave operates with the customer simply waving their Visa card in front of the point of sale reader, delivering a speedy, convenient and secure payment experience. For payments below the defined threshold, UAE customers do not need to enter a PIN.

Quote

The 20-franc note focuses on Switzerland’s creativity, highlighting the country’s vibrant cultural and artistic scene in a variety of areas

Fritz Zurbruegg, vice president of Swiss National Bank, on its new 20-franc note

Egyptians can splurge abroad again

Egyptian banks are lifting restrictions on customers’ overseas credit card purchases, the latest indication that a foreign-currency crunch that crippled the economy is easing. State-run Banque Misr is removing curbs imposed last year.

business@thenational.ae

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The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

'Panga'

Directed by Ashwiny Iyer Tiwari

Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta

Rating: 3.5/5

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The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
ADCC AFC Women’s Champions League Group A fixtures

October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA

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Auron Mein Kahan Dum Tha

Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

Director: Neeraj Pandey

Rating: 2.5/5

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

RESULT

Kolkata Knight Riders 169-7 (20 ovs)
Rajasthan Royals 144-4 (20 ovs)

Kolkata win by 25 runs

Next match

Sunrisers Hyderabad v Kolkata Knight Riders, Friday, 5.30pm

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if you go

The flights

Etihad flies direct from Abu Dhabi to San Francisco from Dh5,760 return including taxes. 

The car

Etihad Guest members get a 10 per cent worldwide discount when booking with Hertz, as well as earning miles on their rentals (more at www.hertz.com/etihad). A week's car hire costs from Dh1,500 including taxes.

The hotels

Along the route, Motel 6 (www.motel6.com) offers good value and comfort, with rooms from $55 (Dh202) per night including taxes. In Portland, the Jupiter Hotel (https://jupiterhotel.com/) has rooms from $165 (Dh606) per night including taxes. The Society Hotel https://thesocietyhotel.com/ has rooms from $130 (Dh478) per night including taxes. 

More info

To keep up with constant developments in Portland, visit www.travelportland.com

 

The Outsider

Stephen King, Penguin

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4