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Tabby allows customers to purchase products online without the need to enter credit or debit card details, and pay after 14 days or in monthly interest-free instalments. Courtesy Tabby
UAE-based FinTech Tabby raises $7m to fuel growth and Saudi Arabia expansion

The e-commerce site offering ‘buy now, pay later’ services also added Apparel Group to its 20-plus retail partners

MoneyJune 08, 2020
Ophelia Holden and her mother Stephanie Holden have been travelling the world together. Antonie Robertson/The National
Camera
The 8-year-old Dubai resident who has travelled to 68 countries

Ophelia Holden’s mother is on a mission for her to visit every nation on earth, despite Covid-19 bringing travel to a halt

June 08, 2020
A money exchange house in Satwa, Dubai as residents send remittances home to help families tide over the challenges triggered by the coronavirus outbreak. Reem Mohammed / The National
Global remittances set to drop by 20-30% in 2020

Economies that account for the bulk of outflows to emerging markets are among the most exposed to the pandemic and oil price shocks, says IIF

MoneyJune 04, 2020
Illustration by Mathew Kurian
How to move on from a pay cut or job loss during the Covid-19 crisis

UAE residents discuss how they adjust their finances, cope with the changing circumstances and find new opportunities

MoneyJune 03, 2020
The Dubai Chamber headquarters building in Deira. Dubai Chamber and the ICC World Chambers Federation are jointly organising the 12th World Chambers Congress, which will now take place on November 23-25 next year. Photo courtesy Dubai Chamber
UAE consumer behaviour shifted to a 'new normal' amid Covid-19, says Dubai Chamber

Google searches for ‘groceries’, ‘online courses’, ‘telecommuting’ and ‘Ikea’ surged in the Emirates during the movement restrictions

MoneyJune 02, 2020
Women globally are amassing greater wealth than before, adding $5tn to the pool every year and now accounting for 32 per cent of global wealth, according to an April BCG report. Getty Images
Women’s wealth in the Middle East to grow an average 9% annually by 2023, says BCG

Females account for $786bn of assets under management in the region, including $103bn in the UAE and $224bn in Saudi Arabia

MoneyJune 01, 2020
Getty images
TiE Dubai opens $100,000 competition to female entrepreneurs in Mena region

Applications are open until August 1, with one finalist from the region set to compete in December's Grand Finale pitch

EconomyJune 01, 2020
The UAE banking system is well capitalised and can witstand shocks of any scale. Ryan Carter / The National
UAE Central Bank issues financial reporting guidance to calculate Covid-19 credit losses

The regulator proposed ‘practical solutions’ to manage economic uncertainty while complying with IFRS 9

BankingMay 30, 2020
Abu Dhabi, United Arab Emirates, May 24, 2020. Abu Dhabi residents at the Al Wahda Mall on the first day of Eid Al Fitr. Victor Besa / The National Section: Standalone / Stock
Retailers must urgently adapt to the e-commerce shift, says Dubai Future Foundation

Banks should restructure mature loans in the retail sector and mall operators should waive rents for retail tenants amid Covid-19, new report recommends

EconomyMay 30, 2020
Saudi Arabia’s efforts to build water, power and sewage sector projects with private consortiums has been a 'successful journey', said Mohammed Al Jadaan, the kingdom’s finance minister. Reuters
Saudi Arabia moves $40bn to PIF to reduce impact of Covid-19

The country’s finance minister says returns from PIF's global investments will be available to support public finances when needed

EconomyMay 30, 2020
Abu Dhabi Prosecutors warn of WhatsApp scams, after a man has been sentenced to two months in jail for attempting to steal money from a dead man's son through the app. In this photo: A fake WhatsApp message claming to be from Al Ansari Exchange says the customer has won Dh200,000 through a 'lucky draw'. Getty images. Courtesy Al Ansari
Al Ansari Exchange warns residents to beware of fake prize messages

The money transfer company urges the public to avoid sharing personal details and report fraudsters to the authorities

MoneyMay 21, 2020
Amazon Mena vice president Ronaldo Mouchawar said there have been a 'few cases' of Covid-19 among its employees and delivery partners in the region, but that they have taken proactive safety measures. Ruel Pableo / The National
Amazon Mena increases workforce by 30%

VP Ronaldo Mouchawar: ‘We see ourselves playing a really essential role here’

TechnologyMay 21, 2020
Illustration by Mathew Kurian
How to save on your car insurance during the coronavirus crisis

The UAE Insurance Authority has urged insurers to offer reductions of up to 50% as residents drive less

MoneyMay 20, 2020
With her company focused on the retail sector, Sophie Simpson says the pandemic has '100 per cent affected our business'. Pawan Singh / The National
Money & Me: ‘Working from home with a newborn is a silver lining in this crisis’

Sophie Simpson, of PR agency Atteline, who is not paying herself during the pandemic, says she can now run her business and spend time with her daughter

MoneyMay 18, 2020
Dubai International Financial Centre aims to triple its size by 2024. Sarah Dea / The National
DIFC appoints Dews supervisory board to oversee savings scheme

The defined contribution scheme replaces end-of-service gratuity in the financial free zone

MoneyMay 18, 2020
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