The UAE banking sector is finally seeing some positive developments after a few tough years, thanks to an improved infrastructure supporting this growth. Banks are now focusing on expanding their retail portfolios and setting aside provisions for bad loans. This has led to a noticeable drop in bad debt and a consequent rise in lending….
Payday loans have had a pretty bad rap over the years. This led the Financial Conduct Authority (FCA) to tighten its rules in April 2014, followed by more regulations from the government in January 2015. These steps aim to bring more clarity to how payday loan companies operate. Such oversight is critical since the industry…
Bill Gates is set to announce a plan to create the Breakthrough Energy Coalition, a multi-billion dollar fund. This coalition will pool resources from over two dozen public and private entities, including national governments, billionaire philanthropists, investment fund managers, and tech CEOs. There isn’t a specific fundraising target for private investors, but the fund represents…
Is there ever a perfect financial time to plan for a baby? As someone who’s faced an unexpected pregnancy, I have pondered this question many times, and I’m sure I’m not the only one. Initially, raising a child without solid financial security was tough. Even after getting to a better financial position, the thought of…
Picking the right online brokerage can be tough with so many options out there. But if you’re looking for more control over your investments and reasonable trading costs, Motif Investing might be a solid choice. Just to clarify, this isn’t a personal endorsement, as I don’t have an account with them. My take is based…
If you’re in a service-oriented business interacting with the public, having professional indemnity insurance is crucial. Skipping this step can expose you to serious risks that you might not anticipate. Fortunately, getting this insurance is neither complicated nor expensive—you can even get it online. The biggest issue with not having professional indemnity insurance comes when…
Savings account interest rates offered by banks vary based on the Fixed Deposit (FD) tenure and can change over time. Factors like market liquidity and policies from the Reserve Bank of India (RBI) influence these rates, so it’s wise to regularly check for the best offers. Recently, Axis Bank, a private sector entity, lowered its…
Investors are always on the lookout for great opportunities that promise good returns. A smart investor comes up with their own way to find the most profitable options. Back in 2013, some of the best bets were in developing markets and innovative industries. When it comes to alternative energy, the federal government is paying more…
Stepping into adult life means gaining financial skills, and understanding how to use credit cards is a big part of that. Credit cards can really boost your financial health by helping to build a solid credit score, which is essential when you’re looking to buy a home, purchase a car, or even rent an apartment….
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