The CBDC strategy was first unveiled in February as part of the central bank’s program to position the UAE as a global financial hub. The Central Bank of the UAE introduced its “The Digital Dirham” Central Bank Digital Currency [CBDC] strategy. The Central Bank of the United Arab Emirates (CBUAE) is getting closer to completely […]
The Dubai real estate market will stay resilient despite fears of a worldwide economic recession or a downturn in major economies this year. Dubai’s real estate industry has been a crucial engine of the UAE’s economic growth over the last few decades, attracting investors from all over the world with its opulent developments and tax-free […]
Financial literacy is an important life skill that all individuals should possess, and it’s never too early to start teaching it. In fact, financial education is especially crucial for youth, as it lays the foundation for their financial well-being later in life. Unfortunately, many young people today lack the basic financial knowledge needed to make informed decisions about their money. This is why it’s so important for parents and educators to prioritize financial literacy in youth and teach them about money management early on.
One of the main reasons why financial literacy is important for young people is that it helps them avoid financial mistakes that can have long-lasting consequences. For example, if a young person doesn’t understand the importance of budgeting and saving, they may spend their money impulsively and accumulate debt. This debt can then follow them into adulthood, making it more difficult for them to achieve financial stability and success. However, if they have a solid understanding of money management from a young age, they are more likely to make wise financial decisions and avoid costly mistakes.