This week in money



Win a Nissan with Emirates Islamic

Sign up for a loan with Emirates Islamic Bank this Ramadan and receive a chance to win a Nissan Patrol. The personal finance promotions includes high finance amounts of up to Dh1 million for expats and Dh3m for Emiratis, in addition to a 60-day payment holiday. The promotion runs until June 29.

30% of US adults face financial strain

Nearly one-third of US adults face financial difficulties or are “just getting by”, despite a slight improvement in well-being in the overall population, according to a new Federal Reserve report. The survey showed 30 per cent, or 73 million adults, describing their personal financial situation as difficult, but the rates of hardship were higher in black and Hispanic populations, compared with whites.

Quote:

“We are seeing people who paid those crazy prices over the past few months walking away from their deposits. They don’t want to close anymore.”

Carissa Turnbull, a real estate broker in Toronto, on the slowing property market in Canada’s largest city

du offers pre-order deal on the new HTC U11 phone

Du is offering customers the new HTC U11 smartphone from just Dh260 a month with zero upfront if they sign up for a 12 or 24-month postpaid contract. As part of the pre-order period, du customers will receive a free pair of JBL headphones. The promotion runs until June 4.

14%

Xpress Money revealed this week it had seen a 14 per cent increase in remittances that culminate onto mobile wallets in Kenya in the last two years. The brand forecasts an additional increase of 5 per cent by the end of 2017. Mobile payments are growing worldwide, with the number of active users expected to hit 450 million in 2017.

business@thenational.ae

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