The impact of COVID-19 on the UAE’s economy is real. According to Oxford Economics’ estimates, UAE can lose 900,000 jobs and see 10% of its residents leave the country. Many of those who are fortunate...
[vc_row][vc_column][vc_column_text]The year 2020 was financially difficult for a lot of people due to job losses and pay cuts. According to the World Bank, UAE’s economy had contracted by 6.3% in 2020...
The debt trap is a reality. It was evident in a recent Standard Chartered survey published in UAE’s leading newspaper in December 2020. [MK1] In the survey, millennials (aged 25-44) were asked what th...
Undoubtedly, the COVID-19 pandemic has unexpectedly saddled many people with debt. According to a recent survey by Standard Chartered, managing money became challenging for 74% of people in the UAE si...
Being in debt is not a pleasant situation. In particular, job losses or pay cuts caused by COVID-19 has made things more difficult for households. However, everyone should aspire to become debt-free. ...
Just like every other country, the COVID-19 pandemic hit jobs and incomes of people in the UAE. Estimates by Oxford economists suggest the UAE could lose 900,000 jobs due to the COVID-19 pandemic. Acc...
Let’s face it – with the rising inflation and cost of living, it’s not unusual to find oneself in a debt trap. Unforeseen circumstances like a salary cuts, job loss, delayed receivables, can make it e...
The unforeseen circumstance like the pandemic has made a treacherous impact on the financial planning. The drop-in income due to delayed receivables, reduced salaries, job losses, rental yield has cre...
The Covid-19 pandemic has had a devastating impact on the economy, derailing many of our financial plans as well as the ability to pay home loans. The situation has become even more challenging due to...
When it comes to necessity, Mortgage Loans are an attractive option to purchase a dream home. But It’s not uncommon for a borrower to hit a roadblock in paying off the Mortgage Debt....