Mashreq promises to set up new clients in 30 minutes
When it comes to opening a bank account, speed is not always at the top of the priority list for banks in the UAE.
Now Mashreq bank, one of the country's leading financial institutions, is trying to change that by promising to open new accounts and issue chip-enabled debit cards and pin numbers in 30 minutes.
The instant banking service, which is available in two branches - Murarabat and Dubai Internet City - will be rolled out to 15 more Mashreq bank branches by the end of the year.
"For today's customers, time is of the essence and Mashreq's endeavour is to provide superior, never-before services that exceed customer expectations," says Nimish Dwivedi, the head of personal banking at Mashreq. "The instant issuance of a bank account and a linked debit card sets a whole new standard, which will impart tremendous benefits to time-crunched customers in terms of convenience and relevance."
The service will initially target branches with a high footfall before rolling out across the bank's network of 54 branches.
For more information, go to www.mashreq.com.
•••
Union National Bank (UNB) has introduced a current and savings account to help customers secure their future during tough times.
The UNB Smart Account guarantees a customer's income after a job loss because of unforeseen circumstances by continuing to pay their last-drawn salary for up to one year. The account also covers customers against permanent disability and death.
The product - the first of its kind in the UAE - is being launched in partnership with Oman Insurance Company.
"With the increasing number of redundancies, consumers are understandably worried about job security and the impact of a loss of job on their entire family who depend on them," says Ashraf Bibars, UNB's head of retail banking.
"The UNB Smart Account has been designed to allay the concerns of these consumers and provide them with security against job loss and to help them and their family to maintain the same standard of life for up to a year, during which they can look for a new opportunity without any added financial pressure."
Customers applying for the account will also receive financial protection for their family. Go to www.unb.co.ae for details.
•••
National Bonds, the investment company behind the Sharia-compliant savings scheme, has expanded its network to include Ajman Bank.
Customers can now purchase bonds directly through the bank, giving them the opportunity to win up to 22,250 prizes every month, including Dh1 million.
The partnership will expand the National Bonds network, which includes more than 590 branches.
"It is another step for National Bonds towards spreading the savings culture further in the UAE and across the region," says Mohammed Qasim Al Ali, the chief executive of National Bonds Corporation.
Visit www.nationalbonds.ae for more information.
pf@thenational.ae
Cultural fiesta
What: The Al Burda Festival
When: November 14 (from 10am)
Where: Warehouse421, Abu Dhabi
The Al Burda Festival is a celebration of Islamic art and culture, featuring talks, performances and exhibitions. Organised by the Ministry of Culture and Knowledge Development, this one-day event opens with a session on the future of Islamic art. With this in mind, it is followed by a number of workshops and “masterclass” sessions in everything from calligraphy and typography to geometry and the origins of Islamic design. There will also be discussions on subjects including ‘Who is the Audience for Islamic Art?’ and ‘New Markets for Islamic Design.’ A live performance from Kuwaiti guitarist Yousif Yaseen should be one of the highlights of the day.
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
A%20QUIET%20PLACE
%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Lupita%20Nyong'o%2C%20Joseph%20Quinn%2C%20Djimon%20Hounsou%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EMichael%20Sarnoski%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
'The worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
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Sunday:
GP3 race: 12:10pm
Formula 2 race: 1:35pm
Formula 1 race: 5:10pm
Performance: Guns N' Roses
Glossary of a stock market revolution
Reddit
A discussion website
Redditor
The users of Reddit
Robinhood
A smartphone app for buying and selling shares
Short seller
Selling a stock today in the belief its price will fall in the future
Short squeeze
Traders forced to buy a stock they are shorting
Naked short
An illegal practice
ABU%20DHABI'S%20KEY%20TOURISM%20GOALS%3A%20BY%20THE%20NUMBERS
%3Cp%3EBy%202030%2C%20Abu%20Dhabi%20aims%20to%20achieve%3A%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%2039.3%20million%20visitors%2C%3C%2Fstrong%3E%20nearly%2064%25%20up%20from%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%20Dh90%20billion%20contribution%20to%20GDP%2C%3C%2Fstrong%3E%20about%2084%25%20more%20than%20Dh49%20billion%20in%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%20178%2C000%20new%20jobs%2C%3C%2Fstrong%3E%20bringing%20the%20total%20to%20about%20366%2C000%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%2052%2C000%20hotel%20rooms%2C%3C%2Fstrong%3E%20up%2053%25%20from%2034%2C000%20in%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%207.2%20million%20international%20visitors%2C%3C%2Fstrong%3E%20almost%2090%25%20higher%20compared%20to%202023's%203.8%20million%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%203.9%20international%20overnight%20hotel%20stays%2C%3C%2Fstrong%3E%2022%25%20more%20from%203.2%20nights%20in%202023%3C%2Fp%3E%0A
COMPANY%20PROFILE
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Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5