Trading Enterprises has a series of offers on its Volvo vehicles this month. Courtesy Volvo
Trading Enterprises has a series of offers on its Volvo vehicles this month. Courtesy Volvo

The week in money



America is doing better than people think and therefore interest rates are probably going to be stronger than people think

Jamie Dimon, the chief executive of JPMorgan Chase, said this week at the company’s health care conference in San Francisco

RSA launches insurance loyalty programme

Royal & Sun Alliance (RSA) has teamed up with ICLP to create RSA Royalty, a loyalty programme that rewards customers for purchasing and renewing policies or referring new customers. Rewards can then be redeemed at companies such as Uber, JadoPado and Orient Travel.

Offers on Volvo and Honda

Trading Enterprises has a series of offers on its Volvo vehicles this month, including a 10 per cent dealer down payment contribution on its Volvo 90 series (XC90, S90 and V90 models) or a 5 per cent cash back offer. There are also 20 per cent dealer down payment offers on the S60 Polestar and the V40 R-Design. Meanwhile, Al Futtaim has a Dubai Shopping Festival promotion in its UAE Honda showrooms with 100 per cent finance available across the brand’s range along with a five-year unlimited mileage warranty.

38%

Over a third (38 per cent) of banks and payment organisations cannot distinguish a cyber attack from normal customer activity. The worrying statistic comes from a survey released this week by Kaspersky Lab and B2B International that examined the struggle financial organisations have to manage online fraud.

Free flights for eLife subscribers

Etisalat is giving eLife customers the chance to fly to their favourite destinations for free. New and existing eLife subscribers will receive the free ticket (including taxes) when they sign up to eLife sports, entertainment, combo or premium pages. Customers can choose their destination, which includes locations such as London, Paris, Riyadh, Mumbai and Rome.

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The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

Company profile

Company: Rent Your Wardrobe 

Date started: May 2021 

Founder: Mamta Arora 

Based: Dubai 

Sector: Clothes rental subscription 

Stage: Bootstrapped, self-funded 

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UAE currency: the story behind the money in your pockets
BEETLEJUICE BEETLEJUICE

Starring: Winona Ryder, Michael Keaton, Jenny Ortega

Director: Tim Burton

Rating: 3/5

Stuck in a job without a pay rise? Here's what to do

Chris Greaves, the managing director of Hays Gulf Region, says those without a pay rise for an extended period must start asking questions – both of themselves and their employer.

“First, are they happy with that or do they want more?” he says. “Job-seeking is a time-consuming, frustrating and long-winded affair so are they prepared to put themselves through that rigmarole? Before they consider that, they must ask their employer what is happening.”

Most employees bring up pay rise queries at their annual performance appraisal and find out what the company has in store for them from a career perspective.

Those with no formal appraisal system, Mr Greaves says, should ask HR or their line manager for an assessment.

“You want to find out how they value your contribution and where your job could go,” he says. “You’ve got to be brave enough to ask some questions and if you don’t like the answers then you have to develop a strategy or change jobs if you are prepared to go through the job-seeking process.”

For those that do reach the salary negotiation with their current employer, Mr Greaves says there is no point in asking for less than 5 per cent.

“However, this can only really have any chance of success if you can identify where you add value to the business (preferably you can put a monetary value on it), or you can point to a sustained contribution above the call of duty or to other achievements you think your employer will value.”

 

THE LOWDOWN

Photograph

Rating: 4/5

Produced by: Poetic License Motion Pictures; RSVP Movies

Director: Ritesh Batra

Cast: Nawazuddin Siddiqui, Sanya Malhotra, Farrukh Jaffar, Deepak Chauhan, Vijay Raaz

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Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

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