Daily Personal Finance Insights – Poor health
Abu Dhabi Police
In a series of tweets Abu-Dhabi Police department have urged people: “Attention.. Observing.. Deceiving.. Robbing.. Be Careful.” The tweets are accompanied by a photo illustrating possible scenarios where would-be robbers are ‘lurking’ especially near ATM’s – better to be prepared and vigilant than sorry!
Deposits and loans increase
Central Bank monthly statistics
The UAE Central Bank latest figures on money supply show total bank deposits increased by 1.8% during the month of November 2012 to close at AED 1,182.9 billion, as a result of an increase in both resident deposits and non-resident deposits by roughly the same rate. Meanwhile, total bank loans and advances (net of provisions and interest in suspense) increased by 0.4% to reach AED 1,107.3 billion to pre-crisis levels.
New laws to boost the economy
The Minister of Economy in the UAE has stated that 4 new business laws are likely to be issued in 2013 -- 1) companies’ law, 2) the foreign investment law, 3) consumer protection law, and 4) Small and Medium Enterprises (SME’s) law – in a bid to boost the economy through the development of new and existing businesses.
Healthcare is getting a welcome investment boost in the UAE, but lags considerably when it comes to quality and employing nationals. In Abu Dhabi for example, 97% of healthcare staff are expatriates. The high level of expat employees is caused by a lack of nationals choosing to study medicine, and is also impacting quality due to a high turnover of staff. Many nationals travel overseas for treatment - a Dubai government survey found those who travelled abroad for treatment cited the level of care and equipment offered at home. A fifth of those surveyed said they went abroad to avoid waiting lists.