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Nada El Sawy

Nada El Sawy

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Previously the central bank issued rules regarding dormant accounts in an April 2018 circular. Getty Images
UAE Central Bank issues new rules on dormant bank accounts

Lenders told to transfer inactive funds after five years to the regulator and allow customers access to balances due

MoneyMay 18, 2020
Dr Sultan Al Jaber, UAE Minister of State and chief executive of Abu Dhabi National Oil Company. Victor Besa / The National.
Adnoc CEO: supply cuts will rebalance oil market over time

There are signs the market has tightened in recent weeks, says Dr Sultan Al Jaber

EnergyMay 17, 2020
Global trade is expected to decline 27 per cent in the second quarter, compared to the previous three months, according to a UN report published this week. Photo: AFP
G20 outlines actions to support global trade and investment amid Covid-19

Ministers endorse removing ‘unnecessary’ trade barriers for vital medical supplies and other essential goods

EconomyMay 15, 2020
Air Arabia chairman Sheikh Abdullah Al Thani said the airline recorded a strong start to the year but the coronavirus outbreak affected overall performance in the quarter. Photo courtesy Air Arabia
Air Arabia’s first quarter profit drops due to coronavirus

The Sharjah-based low-cost carrier made Dh71million in the three months to March 31, a 45% decline from a year earlier

AviationMay 15, 2020
Illustration by Mathew Kurian
How zakat helps the finances of UAE residents

The religious requirement to give a percentage of wealth to the poor and needy is vital during the Covid-19 crisis

MoneyMay 13, 2020
UBS is setting aside hundreds of millions of dollars for a new venture fund, which will hold stakes in FinTech businesses for up to five years. Bloomberg
Four in 10 rich UAE investors plan to invest more in next 6 months, UBS says

The world’s wealthy are largely optimistic about the long-term economic outlook for their region despite Covid-19, according to the findings of a survey by the Swiss bank

MoneyMay 10, 2020
Illustration by The National
Is now the right time to apply for a UAE mortgage?

With favourable rates and a lower loan-to-value ratio, this could be the ideal opportunity to secure a new home loan or renegotiate an existing one

MoneyMay 10, 2020
Khaled Zaataah founded 360vuz in 2017. The app now has 4 million users, mostly from Saudi Arabia, followed by the UAE and US. Photo courtesy 360vuz
Generation Start-up: 360vuz offers a front seat to a virtual reality future

The app recently recorded 300% growth in users and raised $5.8 million for expansion

TechnologyMay 02, 2020
The percentage of contactless payments in the Emirates as a proportion of all face-to-face card payments doubled in the first quarter compared to the same period last year, according to Mastercard data. Pawan Singh / The National
Eight in 10 UAE consumers prefer contactless payments amid pandemic

About 70% of respondents in the Emirates transact without contact, according to Mastercard

MoneyApril 30, 2020
Illustration by Mathew Kurian
Ramadan 2020: car deals you can access remotely in coronavirus times

The discounts and personal finance offers you can cash in on without visiting the showroom

MoneyApril 26, 2020
For employees, the new directive provides protections in regards to gratuity, sick leave and visa cancellation. Courtesy DIFC
Sheikh Maktoum issues DIFC directive outlining emergency employment measures

Valid until July 31, the mandate gives employers options such as imposing leave and reducing pay, while providing some protections for employees

MoneyApril 23, 2020
A money transfer service in Somalia on April 2. Remittances are expected to decline the most to Europe and Central Asia, followed by Sub-Saharan Africa and South Asia. Photo: AP
Global remittances to fall by 20% this year due to Covid-19 crisis

World Bank projects remittances to low and middle-income countries will fall to $445bn from $554bn in 2019

MoneyApril 22, 2020
Illustration by Mathew Kurian
How to remit money from the UAE during Covid-19

Our guide outlines the options for those looking to send money home amid restrictions to control the spread of the virus

MoneyApril 20, 2020
A Pakistani policeman stands guard outside a closed mosque amid lockdown in Karachi on Friday. The IMF commended Pakistan's swift action to contain the spread of the virus as it offered economic relief. Photo: EPA
IMF approves over $1.3bn in Covid-19 aid to Pakistan

The Rapid Financing Instrument will address the economic impact of the coronavirus shock

EconomyApril 18, 2020
Abu Dhabi, U.A.E., June 20, 2018. Interview with Dr B R Shetty, founder of BRS Ventures, including NMC Health and UAE Exchange together with Promoth Manghat, Executive Director, Finablr. -- image-- Dr. B.R. Shetty SECTION: Business Reporter:Sarah Townsend
Camera
BR Shetty breaks his silence: I intend to return to the UAE

Exclusive: The billionaire founder of embattled NMC Health tells 'The National' he flew to India in early February for personal reasons

EconomyApril 18, 2020
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