Light rain and gloomy weather in Abu Dhabi. Khushnum Bhandari / The National
Light rain and gloomy weather in Abu Dhabi. Khushnum Bhandari / The National

UAE weather: temperatures dip to low teens across the Emirates



The mercury dipped across the country as the UAE woke up to temperatures of below 15°C.

Dubai and Abu Dhabi were both around 14°C and Ajman and Sharjah 8°C.

Today, internal areas will see lows of 8°C, lowering to 3°C in mountainous parts.

In Dubai, it will continue to be chilly yet sunny.

Temperatures will range between 12°C and 25°C along the coast, 8°C to 26°C inland and 3°C to 19°C in the mountains.

The National Centre of Meteorology has said the cloudy but pleasant weather will continue into the weekend.

On Friday morning, there is a chance of fog and mist in many areas.

High humidity is expected at night and in the early hours of the day.

Winds may reach 38kph in some areas.

Moderate winds and sea conditions are expected today in the Arabian Gulf and Sea of Oman.

Generational responses to the pandemic

Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:

Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.

Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.

Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.