Data from Intuit Credit Karma reveals a worrying trend in credit card debt among Gen Z and millennials, with both groups experiencing substantial increases since the Fed began raising interest rates in March 2022
Personal Finance
Latest in Personal Finance
Abu Dhabi
TikTok lures Gen Z with personal finance advice, but experts warn of risks
TikTok has become the go-to platform for young people to learn about personal finance – but will this do more harm than good?
Abu Dhabi
UAE millennials overspend, fail to save: Top 3 errors causing financial ruin
Millennials need to stop blaming the economy for their financial woes and start by breaking these 3 money habits
Dubai
Overspending, lack of money are signs of financial trauma, says expert
Money, which is a form of security and safety, followed by power and stature, can often evoke a sense of worthiness in individuals
billionaires
Billionaires’ wisdom: 10 inspiring quotes from the world’s richest men
Billionaires share their business acumen and motivation for entrepreneurs
Alonso survives first Dakar stage dominated by Minis
The 38-year-old Spaniard, with five-time Dakar bike champion Marc Coma navigating, was over quarter of an hour behind surprise stage winner Vaidotas Zala
E-commerce
Sharp increase in UAE residents’ spend on Valentine’s Day flowers
E-commerce payments witnessed a 111 percent increase from Valentine’s Day 2015 to Valentine’s Day 2017.
UAE’s long-awaited credit bureau to launch in September
Al Etihad Credit Bureau will provide financial institutions with customer data in bid to limit credit bubble risks
Only 3% UAE workers happy with pay – survey
More than two thirds of employees believe they are underpaid compared to industry peers
Big drop reported in Saudi bounced cheques
Saudi Credit Bureau says $1bn worth of cheques bounced in 2012, less than a quarter of 2009 total
UAE execs set to see 6% salary rise in 2013
Investment bankers are at top of the ladder, taking home more than $40,000 a month – study
Locals paid more than us, moan GCC expats – poll
Study reveals that almost half of residents believe citizens are better paid than them
Saudis need more education on savings – survey
About 60% of Saudi nationals fail to save less than a tenth of their income, says poll
Saudi proposes better retirement benefits
Proposal would offer a gratuity based on the number of years service in any role
One-fifth of GCC expats saving nothing – poll
Nearly half of the GCC workforce has less than US$5,000 in savings, while more than one-in-five do not save at all
Kuwait bolsters home loans for women
Housing loans for women living in the Gulf state were increased to US$246,000
Kuwait to bailout $3.6bn in loans
Kuwait will take on the loans taken out by nationals in the lead up to global financial crisis