Daily Personal Finance Insights – Protecting You!
Improved investor protection in Dubai
The Dubai Financial Services Authority (DFSA) entered into an important agreement with Europe’s Securities and Markets Authority (ESMA) ‘to enhance the protection of investors and promote stable and well-functioning financial markets.’ The agreement especially recognises the importance of on-going supervisory and enforcement-related co-operation with respect to activities of credit rating agencies.
UAE imports of US goods record sharp increase
The UAE has become the largest country in the Arab World and Middle East, in terms of import, with the USA. The USA exports to the UAE reached $22.5bn in 2012, a 40% increase from 2011. Trade between the USA and UAE is even larger than the United States’ export relationship with India, according to Michael H. Corbin, U.S. Ambassador. Food is the largest imported good – let’s keep an eye on our waistline!
Some international calls at local UAE rates for some customers
Etisalat has introduced a new call plan, which allows Wasel prepaid customers to make international calls at prices equivalent to that of local calls. With the new Wasel ‘International Add-on,’ customers will pay only 0.5 fils per second for international calls - same rate as they pay for making domestic calls - when they call six destinations: only Etisalat networks in Egypt & Sri Lanka and all networks in Pakistan, India, Bangladesh & China.
Abu Dhabi Awards Launches “Musahamati” to Encourage Youth
A new initiative that encourages the youth of Abu Dhabi to develop their own ideas on how to make the Emirate a better place was announced by the Abu Dhabi Awards. Recognizing that youth are an integral part of Abu Dhabi’s future, Musahamati, which means ‘my contribution’ in Arabic, aims to engage 16-23 year olds to submit their own innovative and sustainable ideas that address particular issues in a community. The initiative is more than a competition; it is a chance for the youth to contribute ideas that create positive, lasting change in Abu Dhabi. We would say personal finance sustainability is among the most important aspects of a community.
Dubai will hold ‘Car Free Day’ on Wednesday 13th February 2013. The director general of Dubai Municipality, Hussain Nasser Lootah said: “An awareness campaign will also be held on Wednesday on the importance of using public transportation (not just on Wednesday but throughout the year)." Will you leave your car at home tomorrow?