The week on money

50%

National Bonds Corporation registered a 50 per cent increase in the number of female regular savers in 2016 in comparison with 2015. The UAE-based Sharia-compliant savings and investment company now has more than 32 per cent female bondholders of whom approximately 20 per cent are minors. Cumulative savings within the company’s various programmes grew by 43 per cent last year.

Gender pay gap starts with pocket money

The gender pay gap – a disparity between women and men’s earnings – starts during childhood in Britain with girls receiving 20 per cent less pocket money than boys, according to a survey published on Tuesday. Boys aged five to 16 receive an average allowance of £10.70 (Dh46) per week, while girls the same age get just £8.50, according to a report by the market research agency Childwise. The pay gap grows to 30 per cent as children get older, with boys aged 11 to 16 receiving £17.80 each week, while girls receive almost a third less with an average of £12.50, the report said.

Mashreq ties up with Samsung Pay

Mashreq has become the first bank in the region to offer access to Samsung Pay – a secure mobile payment service that works as a contactless credit or debit card. It allows the bank’s debit and credit cardholders to carry out transactions at any merchant in an instant without the use of plastic cards. Samsung Pay’s mobile payment service is compatible with the latest Near Field Communication (NFC) and Magnetic Secure Transmission (MST) technologies.

Hacking epidemic puts US on alert

Nearly two-thirds of Americans have experienced some kind of data theft or fraud, leaving many mistrustful of institutions charged with safeguarding their information, a poll revealed this week. The Pew Research Center survey found that 41 per cent of Americans have encountered fraudulent charges on their credit cards, and 35 per cent had sensitive information like an account number compromised.

Sale on fares with Air France and KLM

Air France and KLM are offering promotional fares on business and economy seats on routes from the UAE to Europe and North America. The special fares are available from January 31 to February 7 for travel until June 14. For example, fly economy to Europe with Air France for Dh1,640 or to the US for Dh2,890 with KLM.

Follow us on Twitter @TheNationalPF