UAE aid benefits more than 2,500 Afghan families



The Khalifa bin Zayed Al Nahyan Foundation is continuing to distribute aid to people affected by a series of earthquakes in Afghanistan.

A 6.2-magnitude quake struck the Afghan province of Kunar late last year, injuring 12, according to media reports.

The foundation said more than 2,500 Afghan families benefited from the aid.

Each family received 50 kilograms of flour, 10kg of cooking oil, 10kg of sugar, 10kg of beans and four large blankets.

newsdesk@thenational.ae

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Company%20profile
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Generational responses to the pandemic

Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:

Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.

Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.

Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.


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