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Nada El Sawy

Nada El Sawy

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Life insurance penetration in the Gulf is approximately one-tenth of what it is in mature markets, and property and casualty insurance penetration approximately half, says Axa Gulf CEO Cedric Charpentier. Satish Kumar / The National
Axa Gulf CEO: 'We don’t hide behind insurance jargon, we make our products simple'

Cedric Charpentier says the insurer wants to boost penetration in non-compulsory products such as home, travel and life cover

MoneyJune 09, 2019
Total remittances from the UAE declined by 4.2 per cent in Q2 2019, compared with the same period a year earlier. Pawan Singh / The National
Remittances out of the UAE increased last year as digital transfers take off

India was by far the biggest receiver as the rupee depreciated against the dirham

MoneyMay 30, 2019
General view of the Bahrain World Trade Center in Manama. Bahraini banks’ funding and liquidity conditions will remain healthy, Moody’s said. Reuters
Moody’s changes Bahrain’s banking outlook to stable from negative on stronger government finances

Economic growth and $10 billion support package from GCC neighbours will help stabilise conditions for the country’s banks, the ratings agency says

EconomyMay 30, 2019
Personal finance expert Vince Rapisura provides financial literacy training to low-income Filipino overseas workers worldwide through the Ateneo Leadership and Social Entrepreneurship programme. Antonie Robertson / The National
The financial guru helping Filipinos in the UAE manage their money better

Vince Rapisura says 80 per cent of low-income Filipinos working abroad have inadequate emergency savings

MoneyMay 27, 2019
A retired army sits in front of the Lebanese Central Bank during a protest earlier this month. Public employees and military veterans fear that a new budget will include austere salary cuts, pension reductions and tax increases. Photo: EPA/Nabil Mounzer
Lebanese Cabinet finalises 2019 draft budget with 7.5% deficit target

The much-awaited budget must still be approved by the parliament

EconomyMay 25, 2019
There are strict penalties in the UAE for retailers who do not comply with the minimum price set by the Federal Tax Authority. The National
FTA applies penalties for digital tax evasion on cigarettes

Nine types of violations will incur fines of Dh20,000 to more than Dh50,000

EconomyMay 25, 2019
Ibrahim Abudyak, co-founder of The Smash Room in Al Quoz, is an entrepreneur who does car trading on the side. Antonie Robertson / The National
Money & Me: ‘I made Dh40,000 on a car in the UAE’

The Smash Room co-founder Ibrahim Abudyak finds his biggest returns trading in the used car market

MoneyMay 25, 2019
Saudi millennials scored 51, compared to the global average of 39, in the Deloitte study's Mood Monitor measuring economic, social/political, personal, environmental and business sentiments. Getty Images
Saudi millennials more optimistic about the future than global peers

The younger generation worldwide, however, is generally disillusioned with their lives, financial situations and government, Deloitte Global Millennial Survey finds

EconomyMay 23, 2019
The UAE has ranked the fastest in the region for internet download speed but is also among the most expensive countries in the world for home broadband packages. Getty
Dubai is world's most expensive city for internet and Riyadh is priciest for a dress

San Francisco replaces Zurich for highest salaries and disposable income, Deutsche Bank study finds

MoneyMay 21, 2019
Most of the country’s workforce will work from home this Ramadan. Antonie Robertson / The National
Nine in 10 Mena professionals happy with company support during Ramadan

Many employees receive flexible work arrangements or shorter hours, according to Bayt.com study

EconomyMay 20, 2019
Modern devices such as smartphones are not free from the threat posed by determined cyber criminals. AP
Most UAE residents use grocery apps more during Ramadan

Food delivery and online shopping also experience a spike during the holy month, according to a YouGov survey

EconomyMay 20, 2019
Paolo Gallo has 30 years of experience working in recruitment, including for the World Economic Forum, the World Bank, the European Bank for Reconstruction and Development, and Citigroup. Chris Whiteoak / The National
Paolo Gallo: ‘80% of the unemployed do not have the minimal skills for jobs of the future’

Former HR head at WEF says jobseekers must adapt to the Fourth Industrial Revolution

MoneyMay 19, 2019
The Council of Ministers, chaired by King Salman in Jeddah Tuesday night, gave the green light to the privileged iqama scheme giving expatriates who qualify residency visas without the need of a Saudi sponsor or employer. Photo: EPA
Saudi Arabia approves special privilege residency law for foreigners

The green card style system aims to attract wealthy and highly-skilled individuals

EconomyMay 15, 2019
A Palestinian pilgrim leaving for the hajj pilgrimage to the holy city of Makkah. Photo: AP
Careem starts bus service from Jeddah to Makkah

KSA launch follows the introduction of Careem Bus in Egypt in December

TechnologyMay 15, 2019
For UAE residents planning their next five years, 35 per cent said that buying a new home is a top priority, compared to 22 per cent citing career progression and 20 per cent saying marriage.Pawan Singh / The National
UAE residents ranked top property enthusiasts globally

HSBC survey found UAE residents spend an average of 6.6 hours per week 'window shopping' for homes

PropertyMay 12, 2019
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