Twitter, Open University finance and federal public budgets
Using Twitter as a platform to gain financial knowledge is becoming more popular, according to recent reports. The social media body has apparently become a hive of activity with swapping tips about saving and investing. Industry professionals have been using the outlet for quite some time, but now amateur players are trying their hands at sharing trading information, news and stock tips. In fact, Twitter has become such a powerful communication tool that when a hoax tweet suggested the White House was under a terrorist attack last month, 0.9% was knocked off the Dow Jones Industrial Average. So, the question is; would you trust tweeted financial tips enough to stake money on them? Find out more.
Back to school
The Open University has launched a new long-distance learning course on financial literacy. The four-module course is aimed at developing a deeper knowledge of personal finance for all those who would like to gain a greater insight into handling their cash. Elements, set out in video tutorials, online educational quizzes and assessments include how to control, invest and look after your money. Students will be shown how to set goals, adhere to budgets and savings plans. The course will also tackle topics including risks and debt, how compound interest works, the basic steps to investment and the difference between financial and lifestyle goals. Interested? Find out more here.
Cost of progress
A total of AED877 million will be allocated as part of the AED69billion federal investment programme, for the 2013 UAE public budget, it has been announced. The infastructure projects will include road maintainence and upgrades – especially those linking Dubai and Abu Dhabi with the northern emirates. A new AED500 million psychiatric hospital will be built in Dubai too, with a 272-bed capacity. Police and municipality services will also be improved and upgraded in Sharjah, Ajman and Fujeirah. Find out more.