Donald Trump, Jack Nicklaus, Serena Williams and others react to Tiger Woods car crash

UAE coins

Dh5 note

Dh10 note

Dh20 note

Fadio R Khuri: No stranger to hardship, the American University of Beirut endures

Sarmad Khan: US decision to bar foreign students risks $45bn of revenue and jobs

Daniel Bardsley: UAE’s academic research output rises 16-fold over the past 20 years

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Kolkata Knight Riders 245/6 (20 ovs)
Kings XI Punjab 214/8 (20 ovs)

Kolkata won by 31 runs

• Priority access to new homes from participating developers
• Discounts on sales price of off-plan units
• Flexible payment plans from developers
• Mortgages with better interest rates, faster approval times and reduced fees
• DLD registration fee can be paid through banks or credit cards at zero interest rates

In an October survey of young adults aged 16 to 25, Charles Schwab found young women are more driven to reach financial independence than young men (67 per cent versus. 58 per cent). They are more likely to take on extra work to make ends meet and see more value than men in creating a plan to achieve their financial goals. Yet, despite all these good ‘first’ measures, they are investing and saving less than young men – falling early into the financial gender gap.

While the women surveyed report spending 36 per cent less than men, they have far less savings than men ($1,267 versus $2,000) – a nearly 60 per cent difference.

In addition, twice as many young men as women say they would invest spare cash, and almost twice as many young men as women report having investment accounts (though most young adults do not invest at all). 

“Despite their good intentions, young women start to fall behind their male counterparts in savings and investing early on in life,” said Carrie Schwab-Pomerantz, senior vice president, Charles Schwab. “They start off showing a strong financial planning mindset, but there is still room for further education when it comes to managing their day-to-day finances.”

Ms Schwab-Pomerantz says parents should be conveying the same messages to boys and girls about money, but should tailor those conversations based on the individual and gender.

"Our study shows that while boys are spending more than girls, they also are saving more. Have open and honest conversations with your daughters about the wage and savings gap," she said. "Teach kids about the importance of investing – especially girls, who as we see in this study, aren’t investing as much. Part of being financially prepared is learning to make the most of your money, and that means investing early and consistently."

Custom-made smuggling vests used to smuggle ivory onto aircraft

UAE ranks high for animal trafficking as smugglers target Dubai International Airport, report finds

Read more:

'We should be ashamed of ourselves': plastic waste chokes the seas

Millennials step up campaign against plastic

Woman with genetic disorder says single use plastics are 'vital' to her life

Young Emiratis are real target of fake news, Mohammed bin Zayed Majlis hears

Majlis 2018: Young Emiratis see entrepreneurship and innovation on the horizon

'Pursue what you love - not just a high salary', universities minister tells young Emiratis

Dr Nawal Al-Hosany: Why more women should be on the frontlines of climate action

Samar Elmnhrawy: How companies in the Middle East can catch up on gender equality

The National Editorial: Is there much to celebrate on International Women's Day 2021?

Justin Thomas: Challenge the notion that 'men are from Mars, women are from Venus'