As one of the most prosperous nations in the Arab world, the UAE is no stranger to the idea of a happy society. The country is tasked with managing the aspirations of a huge expat population alongside that of its own citizens.
Daunting if one thinks about it, but the UAE has found the right balance, consistently ranking among the happiest nations in the world – at 27th, and among the top nations when it comes to the satisfaction of residents from other countries. This validation is much deserved, considering that the past 15 months have been a test unlike any for a nation whose expat population outnumbers local citizens nine to one.
M2P s payments solution for LuLu Money wins top honour
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M2P s payments solution for LuLu Money wins top honor at the Leaders in Fintech Awards 2021
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Trade and industry bodies hail Kerala’s revised Budget
June 04, 2021
Stakeholders hope continuation of policies will instil confidence in people looking to invest in State
The trade and industry bodies in Kerala have welcomed the State’s revised budget presented on Friday, saying that continuation of policies will instil confidence in the investors who are looking at Kerala as a destination.
K.Harikumar, President, Cochin Chamber of Commerce & Industry, said the proposal to have a venture capital fund of ₹100 crore will enable aspiring entrepreneurs, who are otherwise not eligible for institutional financial support, to pursue their dreams and give a fillip to the startup ecosystem. This will also generate jobs for the future generations.
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British expatriates in the UAE who regularly send money home have been feeling the squeeze as an empowered pound has risen against a diminished US dollar.
With Brexit uncertainty being supplanted by an economy plotting a positive course beyond Europe and the Covid-19 pandemic, the dollar-pegged UAE dirham has been buying noticeably less sterling in recent months.
And that could impact savings, purchasing power or render UK-domiciled bills more burdensome for some Britons in the UAE.
In early trading on Tuesday, sterling rose 0.2 per cent to $1.4240 after briefly hitting $1.4248 against the greenback – its highest level in three years and marking a second straight monthly gain of 2.8 per cent in May, according to Reuters.