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Nada El Sawy

Nada El Sawy

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King Salman bin Abdulaziz taking part in a video conference with G20 leaders last month. Photo: EPA
Play
Saudi Arabia pledges $500m to global coronavirus relief efforts

The current chair of the G20 called on other countries and organisations to help bridge $8bn financing gap

EconomyApril 17, 2020
Aramco's cut starting May 1 is almost 4 million a day below planned sales in April. Photo: Reuters
Saudi Aramco to cut supply to 8.5 million bpd from May

The oil giant’s move comes after historic Opec+ deal to slash worldwide production

EnergyApril 17, 2020
Kim Thompson of Raw Coffee Company says she has no financial cushion and her business is her nest egg for retirement. Photo courtesy Kim Thompson
Money & Me: ‘I’m not taking a salary to save my business’

Kim Thompson, the founder of Raw Coffee Company, says looking after her employees is her priority during the Covid-19 crisis

MoneyApril 16, 2020
Kristo Kaarmann, founder and chief executive of TransferWise, said the UAE is one of the most important remittance markets in the world. Photo courtesy TransferWise
Low-cost money transfer service TransferWise arrives in UAE

Exclusive: The global low-cost digital money transfer service received its ADGM licence in October and is ready for use by customers in the Emirates

MoneyApril 15, 2020
Certain sectors such as grocery delivery, health care, e-commerce and education technology recorded an increase in customers and investor appetite. Victor Besa.
Funding to Mena start-ups rises 2% first quarter from same period in 2019

Egypt recorded the most number of deals in the first quarter of 2020, accounting for 37% of all deals in the Mena region

EconomyApril 14, 2020
Illustration by Mathew Kurian
How to donate to UAE charities helping those affected by Covid-19

Everyone can play their part to address the health, economic and financial consequences of the virus outbreak

MoneyApril 06, 2020
Fundraiser Abdulla Al Nuaimi launched YallaGive, the first licensed online donation and crowdfunding platform in the Middle East, last month. Photo provided
How to give to charity legally in the UAE

Residents can only donate to registered organisations and fundraisers must obtain the necessary approvals

MoneyApril 06, 2020
Alshaya has nearly 90 franchise brands in its portfolio, including Starbucks, H&M, Mothecare, PF Chang's and Boots. Victor Besa / The National
Alshaya revenue plummets 95% as Covid-19 lockdowns force store closures

Acting CEO John Hadden said the franchise operator will have to take ‘tough measures’ in a video to 60,000 employees

EconomyApril 02, 2020
A sign at Dubai's Global Village on April 1 reminding people of the UAE government's stay-home directive. Middle East consumers have rapidly shifted to online consumption. Chris Whiteoak / The National
Majority of UAE and Saudi consumers confident of economic rebound

Close to 60% of respondents said the economy will grow 'just as strong or stronger' than before Covid-19, finds new McKinsey survey

MoneyApril 02, 2020
The empty Sheikh Zayed Road in Dubai is pictured on Friday amid precautionary measures to contain the Covid-19 pandemic. Photo: AFP
The employee actions employers can legally take during the Covid-19 outbreak

The MoHRE outlined the options open to private sector companies, including temporary or permanent salary reduction

MoneyMarch 31, 2020
Many UAE banks have introduced new financial relief measures amid the coronavirus outbreak in line with the central bank's Dh100 billion economic stimulus package. Victor Besa / The National
How your bank will help if you are affected by Covid-19

Lenders in the Emirates have rolled out financial relief measures to ease the burden on retail and business customers

MoneyMarch 31, 2020
Citi and HSBC offices in London. The international banks have rolled out various measures to provide financial relief for UAE consumers affected by the Covid-19 outbreak. Peter Macdiarmid / Getty Images
Are foreign banks in the UAE helping customers affected by Covid-19?

The Central Bank has asked all lenders in the Emirates to grant financial relief to their clients, but the measures vary

MoneyMarch 30, 2020
Osama Al Rahma, FERG vice chairman and Al Fardan Exchange chief executive, said exchange houses have 20 to 40 per cent of their branches in malls. Leslie Pableo / The National
UAE exchange houses outside malls to remain open

Osama Al Rahma of the Foreign Exchange and Remittance Group said such services are important for salaries and remittances

MoneyMarch 25, 2020
The normally bustling Dubai Mall has seen a drop in customer footfall as consumers exercise social distancing and avoid public places. Reuters
Dubai Mall to open virtual store on noon.com to address coronavirus challenges

The Emaar Malls initiative is aimed at helping both retailers and shoppers as the UAE implements social distancing measures

MoneyMarch 24, 2020
Illustration by Mathew Kurian
The most cost-effective way to get rid of your unwanted items

While some services will dispose of belongings you are unable to sell for free, others come at a price

MoneyMarch 24, 2020
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