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Nada El Sawy

Nada El Sawy

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HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces (not shown) and HRH Prince Mohamed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defence of Saudi Arabia (2nd R), chair a meeting of the Saudi-Emirati Coordination Council during a state visit reception, at Qasr Al Watan. Ministry of Presidential Affairs
Quicktake: How would a UAE-Saudi digital currency work?

Central banks of the two countries have been exploring a shared virtual currency for cross-border transactions

MoneyNovember 28, 2019
The majority of Middle East respondents said they are shopping online more in response to the pandemic. Photo: istock
Eight in 10 UAE consumers plan to do their holiday shopping on a mobile app

Consumers in the Emirates have an average of five shopping apps stored on their devices, a new survey finds

MoneyNovember 27, 2019
John Astrup, investment product manager at Zurich Middle East, leads an Investars session at Gems Wellington International School in Dubai. Pawan Singh / The National
How Dubai teenagers invested ‘$100,000’ in the stock market

Zurich’s Investars programme allows pupils to compete on the highest returns using virtual money and a shortlist of funds

MoneyNovember 27, 2019
Employees in Saudi Arabia enjoyed an increase in base salaries of 4.5 per cent in 2019. Waseem Obaidi / The National
Salaries in Saudi Arabia to increase by 4.8% in 2020, study finds

Over half of employers are planning to increase headcount next year, Mercer survey says

MoneyNovember 27, 2019
The Apple store on 5th Avenue in New York. Bank of America Merrill Lynch analysts said the company's stock is 'on course for [an] 82.6 per cent gain' for 2019. Photo: Reuters
Will Apple's share price continue to soar in 2020?

The trillion-dollar company surpassed the market cap of the entire US energy sector this month and its share price is up 66% this year

MoneyNovember 26, 2019
Bankable's Middle East hub at DIFC will serve over 50 markets in the region. Courtesy Dubai International Financial Centre Authority
Visa-backed Bankable opens Middle East hub in DIFC

The global digital banking and payments platform will serve financial institutions, corporates and FinTechs

MoneyNovember 26, 2019
In the 'open economies' category, the UAE has jumped 10 places over the past decade.Bloomberg
UAE 'most prosperous Arab nation for 13th year'

The country features in the global top 40 in the annual Legatum Prosperity Index, performing well in the ‘open economies’ category

EconomyNovember 25, 2019
Davis Hall, global head of foreign exchange and precious metals advisory at Indosuez Wealth Management, was in Dubai recently for the bank's Middle East Investment Conference. Antonie Robertson / The National
Why this analyst says the US dollar will go down in 2020 with gold the best hedge

Davis Hall of Indosuez Wealth Management offers his take on what to invest in now and next year

MoneyNovember 24, 2019
Changing dynamics in Saudi Arabia could encourage more local spending. Photo: Bloomberg
The GCC’s $50bn fashion sales market sees growth despite global slowdown

Annual spending per person of $500 in Saudi Arabia and $1,600 in the UAE is among highest in the world, says new McKinsey report

EconomyNovember 21, 2019
Grant Cardone, the chief executive of seven companies and author of eight business books, is speaking in Dubai this weekend. Khushnum Bhandari / The National
Why millionaire Grant Cardone says ‘cash is trash’ and property is the only game in town

The American author and entrepreneur does not own the house he lives in and says real estate must be bought to let out

MoneyNovember 21, 2019
Black Friday originated in the US, but has been a yearly tradition in the UAE since 2014. Photo: Getty Images
Emirati men say they will outspend women on Black Friday

More male nationals also take part in the sales, according to a new survey from Picodi.com

MoneyNovember 20, 2019
The gratuity payment is a benefit for expatriate employees as set out by the law. Silvia Razgova / The National
Seven in 10 UAE residents rely on gratuity to fund retirement

Dependency on the payment has increased by 10% in the last year, new research shows

MoneyNovember 18, 2019
The Emirates Palace hotel with other Abu Dhabi hotels in the background, including Jumeirah at Etihad Towers and Bab Al Qasr. Hotel revenues for the third quarter were up to Dh1.1 billion, an increase of 1.7 per cent from the same period last year. Photo courtesy DCT Abu Dhabi
Abu Dhabi hotel guests exceed 1.3 million in third quarter, buoyed by ‘world-class events’

Total number of tourists staying in the emirate’s hotels expected to breach a record 5.1 million by the end of 2019

Travel and TourismNovember 16, 2019
Jerome Powell, chairman of the US Federal Reserve, speaks during a House Budget Committee hearing in Washington, US on November 14. The IIF said global government debt is expected to top $70tn by the end of this year 'driven mainly by the surge in US federal debt'. Photo: Bloomberg
Global debt set to hit record $255tn by end of year

Debt surged by $7.5tn in the first half of 2019, led by US and China, according to the Institute of International Finance

EconomyNovember 16, 2019
UAE employees are entitled to an end-of-service gratuity after completing one year of employment, with the amount payable when a member of staff leaves a company. Jeff Topping / The National
75% of UAE companies don’t set aside assets for end-of-service gratuities

More than eight in 10 companies consider a mandatory funding requirement a good decision, says new Zurich study

MoneyNovember 15, 2019
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