Aon Hewitt’s survey shows smaller increases expected across the Gulf region
Personal Finance
Saudi insurance market to see double-digit growth, AXA says
Investors eye underinsured market amid rising popularity of sharia-compliant products
Qatar now world’s richest nation, says IMF
International Monetary Fund data shows Gulf state overtook Luxembourg to take top spot
Gulf consumers owe $6.6bn in credit card debt
Total outstanding debt down from $6.7bn in 2010, but number of cards expected to rise
40% of MidEast execs fail to save each month – poll
Bayt.com survey says only 18% of professionals manage to save 1-10% of their income
Four in five expats not saving enough for retirement
UAE residents face ‘grim realities’ of paying down debt instead of saving, say experts
Dubai cost of living falls on declining rents
Dubai drops 26 places in Mercer’s 2011 survey on world’s most expensive cities for expats
Islamic insurance to sustain rapid growth in Gulf region
Financial performance of family takaful operators to be higher than that of conventional life insurers
Surge in UAE car sales may boost car loan market
Car loans market has failed to keep pace with rise in vehicle sales, but is beginning to recover
Personal loans will not increase this year, analysts say
Lending to customers will remain low despite increased liquidity in the UAE’s banking system
Most UAE residents in debt face ‘threatening’ calls from police
First Arabian Business debt survey reveals only 9% believe banks are helping restructure debts
One in four UAE residents owe banks more than $68,000
The first ever Arabian Business debt survey reveals scale of personal debt in UAE
Lending less
More than two years since the downturn, analysts are divided on how UAE’s lending market will evolve in the future
The sad truth
Legal experts say number of cases related to loan dodgers have declined as Dubai’s economic outlook improves
Driving down car loan debt
While new car sales start to recover, curbs have been placed on car loans to prevent excesses of past being repeated
Drowning in debt?
In 2009, hundreds of bank customers were leaving UAE without settling their debts. Has the picture changed now?
Feeling the pinch
The GCC economies may be back on track, but for many residents, worries over personal finance remain