Daily Personal Finance Insights – UAE’s health
Eat right, get active
The Health Authority – Abu Dhabi (HAAD) extended its health program to private schools in the Emirate. Its aim is to reduce illnesses caused by unhealthy lifestyle among school children in the Emirate. Statistics show that the number of children overweight is increasing to 1 in 3. The number of underweight children is also a health issue among 10% of students. Eating disorders are also on the rise among females in high schools and colleges and 27% of students are suffering from Anemia.
The pilot phase results showed an increase by 60% for the intake of 7 servings or more of fruits per week among participating students. In addition there has been an increased availability of nutrition and physical activity policies as well as an increased use of tools promoting healthy eating.
The Economist magazine recently ran an article titled - Small, rich and overweight about the growing obesity problem in the Emirate.
Foreign investors buy the bulk of UAE real estate
According to the Government of Dubai Land Departments, total investments in the Dubai Property sectors by GCC, Arab and Foreign investors reached AED 58.6 billion in 2012. The number of individual investors reached 18,635. Of these 13,573 were foreign investors who were responsible for AED 36 billion (61.4%). Indian nationals were the largest foreign investors accounting for AED 9 billion (15%). UAE nationals were the largest investors with AED 13 billion (22%).
Abu Dhabi Inflation at 1.2%
Statistics Center - Abu Dhabi (SCAD) issued today its monthly report on the consumer price index (CPI) and the inflation rate in the Emirate of Abu Dhabi.
The ‘restaurants and hotels’ sector saw the largest growth in prices and represented 46.1% of the overall increase in consumer prices, with an average growth of 14.6% in the sector. The second largest contributor to the overall increase in the CPI was the “clothing and footwear” sector, which contributed 22.5% of the total increase, reflecting an average increase of 3.5% in the prices.
The main sector that slowed down the rise in consumer prices was; "Housing, water, electricity, gas and other fuels."
Educating children on saving
First Gulf Bank has shown early success with its ChildFirst programme, awarding one lucky customer Dhs 50,000 towards their child’s education. Joyseej Mukherjee, Head of Liabilities at FGB, said: “We created ChildFirst with the vision of developing a programme that helps parents to save for an important cause and also rewards them for it. This is a proven and successful method for encouraging residents to save and in raising awareness about financial literacy and planning.”