Arab Today, arab today uae in top 3 in me financial literacy
Last Updated : GMT 11:25:35
Arab Today, arab today
Arab Today, arab today

UAE in top 3 in ME financial literacy

Arab Today, arab today

Arab Today, arab today UAE in top 3 in ME financial literacy

Dubai - Arabstoday

The UAE ranked among the top three in the Middle East for financial literacy, according to a new report from MasterCard. The company’s latest Index of Financial Literacy showed that UAE consumers increased their overall financial literacy ranking in the region, going from sixth place in 2010 to third place this year. In addition, UAE consumers were the most informed in the region when it came to knowledge about investments. The country scored highest in the investment component of the survey at 57 per cent, followed by Qatar (55 per cent) and Lebanon (55 per cent). “It is encouraging to see that consumers in the UAE are becoming more financially aware and hence able to make responsible financial decisions for themselves and their families. Financial literacy is a key focus area for MasterCard, and we will continue to champion the cause,” said Eyad Al Kourdi, vice-president and country manager for UAE at MasterCard Worldwide. Consumers in the UAE scored well on the index’s financial planning component at 65 per cent, and were particularly well-prepared when it came to saving regularly and early financial planning. The financial planning scores were followed by basic money management (60 per cent) and investment (57 per cent). The score for UAE consumers’ investment know-how was the highest in the Middle East, and their score for financial planning (65 per cent) was higher than the Middle East average (64 per cent). In the investment component of the survey, consumers in the UAE showed good understanding of their financial statements and the suitability of financial products for their needs. The MasterCard Worldwide Index of Financial Literacy is based on a survey conducted between April 24 and June 10 this year, with 11,376 respondents aged 18-64 in 25 countries. This is the third Financial Literacy survey conducted since 2010. The study polled consumers on three aspects of financial literacy, including their basic money-management skills, investment knowledge and financial planning, to determine the level of basic money management skills in terms of budgeting, savings, and responsibility of credit usage. Middle East The Middle East’s aggregate financial literacy score decreased slightly from 63 index points in 2010 to 61 in 2012. Consumers in the region scored highest in terms of knowledge about financial planning (64 per cent) followed by basic money management (62 per cent) and investment (54 per cent). Egypt, with 69 index points, was ranked the top Middle East market with respect to the overall financial literacy index score, followed by Saudi Arabia (62 index points), the UAE (61 index points) and Lebanon (61 index points). Egypt took the lead in terms of basic money management (75 per cent), followed by Saudi Arabia (65 per cent) and Lebanon (61 per cent). Egypt also ranked first for financial planning (70 per cent), followed by Lebanon (66 per cent) the UAE (65 per cent) and Oman (65 per cent). From : Khalij

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uae in top 3 in me financial literacy Arab Today, arab today uae in top 3 in me financial literacy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uae in top 3 in me financial literacy Arab Today, arab today uae in top 3 in me financial literacy

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq's Barzani isolated by his drive

GMT 04:36 2017 Tuesday ,24 October

Iraq's Barzani isolated by his drive
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU targets German carmakers

GMT 05:41 2017 Tuesday ,24 October

EU targets German carmakers
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today Sherine Reda frustrated of latest terrorist attacks

GMT 09:03 2017 Monday ,23 October

Sherine Reda frustrated of latest terrorist attacks
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:12 2017 Saturday ,21 October

Donia Abdel Aziz aspires to return to cinema

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 05:27 2017 Monday ,23 October

Travel plea for conjoined twins

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 08:06 2017 Tuesday ,24 October

Second Palestinian mobile provider enters Gaza

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday