This week in money



MasterCard teams up with Samsung Pay

MasterCard cardholders from select banks in the UAE can now use the Samsung Pay service to make payments in a quick and secure way. Samsung’s mobile payments service gives users a contactless way to pay using their compatible Samsung Galaxy devices. Samsung Pay is available on selected Samsung Galaxy devices and banks offering the service include Mashreq, Emirates NBD, Abu Dhabi Commercial Bank, RAKBank and Standard Chartered.

Oman Insurance launches new investment product

Oman Insurance Company’s single premium insurance plan, Invest Protect, invests through a portfolio of low-cost index building blocks including exchange-traded funds (ETFs) that are managed by BlackRock. The insurer has also partnered with the international commercial bank Commerzbank to provide a downside protection facility that ensures the unit price of the investment will always be at least 80 per cent of the highest historical unit price. The five-year policy comes with life cover and clients can withdraw their funds at any time, although early withdrawals are subject to charges.

Quote:

“This is becoming even more critical now, because we don’t think the Congress will move on anything dealing with pay equity, nor will the president.”

Susan Lee, Maryland state senator, on the equal pay fight for women in the US

3.3m

Credit card firms in the United Kingdom will have to do more to help struggling customers repay their debts, including the suspension of cards under proposals by Britain’s Financial Conduct Authority (FCA). The proposals follow a review by the FCA into Britain’s credit card market where 3.3 million people are in persistent debt, meaning they have paid more in interest than they have repaid of their borrowing.

PayPal teams up with Visa for Asia-Pacific business

PayPal Holdings and Visa said they are extending into the Asia-Pacific region, a partnership that currently covers only the US, in a move aimed at boosting transactions via digital payments for both companies. The collaboration will allow users of PayPal and Visa cards to choose either mode of payment, the companies said.

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UAE Falcons

Carly Lewis (captain), Emily Fensome, Kelly Loy, Isabel Affley, Jessica Cronin, Jemma Eley, Jenna Guy, Kate Lewis, Megan Polley, Charlie Preston, Becki Quigley and Sophie Siffre. Deb Jones and Lucia Sdao – coach and assistant coach.

 
Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

Company%20Profile
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Company%20Profile
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Real Madrid 1
Ronaldo (87')

Athletic Bilbao 1
Williams (14')

Find the right policy for you

Don’t wait until the week you fly to sign up for insurance – get it when you book your trip. Insurance covers you for cancellation and anything else that can go wrong before you leave.

Some insurers, such as World Nomads, allow you to book once you are travelling – but, as Mr Mohammed found out, pre-existing medical conditions are not covered.

Check your credit card before booking insurance to see if you have any travel insurance as a benefit – most UAE banks, such as Emirates NBD, First Abu Dhabi Bank and Abu Dhabi Islamic Bank, have cards that throw in insurance as part of their package. But read the fine print – they may only cover emergencies while you’re travelling, not cancellation before a trip.

Pre-existing medical conditions such as a heart condition, diabetes, epilepsy and even asthma may not be included as standard. Again, check the terms, exclusions and limitations of any insurance carefully.

If you want trip cancellation or curtailment, baggage loss or delay covered, you may need a higher-grade plan, says Ambareen Musa of Souqalmal.com. Decide how much coverage you need for emergency medical expenses or personal liability. Premium insurance packages give up to $1 million (Dh3.7m) in each category, Ms Musa adds.

Don’t wait for days to call your insurer if you need to make a claim. You may be required to notify them within 72 hours. Gather together all receipts, emails and reports to prove that you paid for something, that you didn’t use it and that you did not get reimbursed.

Finally, consider optional extras you may need, says Sarah Pickford of Travel Counsellors, such as a winter sports holiday. Also ensure all individuals can travel independently on that cover, she adds. And remember: “Cheap isn’t necessarily best.”

Confirmed%20bouts%20(more%20to%20be%20added)
%3Cp%3ECory%20Sandhagen%20v%20Umar%20Nurmagomedov%0D%3Cbr%3ENick%20Diaz%20v%20Vicente%20Luque%0D%3Cbr%3EMichael%20Chiesa%20v%20Tony%20Ferguson%0D%3Cbr%3EDeiveson%20Figueiredo%20v%20Marlon%20Vera%0D%3Cbr%3EMackenzie%20Dern%20v%20Loopy%20Godinez%0D%3Cbr%3E%3C%2Fp%3E%0A%3Cp%3ETickets%20for%20the%20August%203%20Fight%20Night%2C%20held%20in%20partnership%20with%20the%20Department%20of%20Culture%20and%20Tourism%20Abu%20Dhabi%2C%20went%20on%20sale%20earlier%20this%20month%2C%20through%20www.etihadarena.ae%20and%20www.ticketmaster.ae.%0D%3Cbr%3E%3C%2Fp%3E%0A
Results

6.30pm: Maiden Dh165,000 (Dirt) 1,600m

Winner: Celtic Prince, David Liska (jockey), Rashed Bouresly (trainer).

7.05pm: Conditions Dh240,000 (D) 1,600m

Winner: Commanding, Richard Mullen, Satish Seemar.

7.40pm: Handicap Dh190,000 (D) 2,000m

Winner: Grand Argentier, Pat Dobbs, Doug Watson.

8.15pm: Handicap Dh170,000 (D) 2,200m

Winner: Arch Gold, Sam Hitchcott, Doug Watson.

8.50pm: The Entisar Listed Dh265,000 (D) 2,000m

Winner: Military Law, Antonio Fresu, Musabah Al Muhairi.

9.25pm: The Garhoud Sprint Listed Dh265,000 (D) 1,200m

Winner: Ibn Malik, Dane O’Neill, Musabah Al Muhairi.

10pm: Handicap Dh185,000 (D) 1,400m

Winner: Midnight Sands, Pat Dobbs, Doug Watson.

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The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

The biog

Siblings: five brothers and one sister

Education: Bachelors in Political Science at the University of Minnesota

Interests: Swimming, tennis and the gym

Favourite place: UAE

Favourite packet food on the trip: pasta primavera

What he did to pass the time during the trip: listen to audio books