A Palestinian man walks past street art showing mask-clad doctors in the Nusseirat refugee camp in the central Gaza Strip. AFP
A Palestinian man walks past street art showing mask-clad doctors in the Nusseirat refugee camp in the central Gaza Strip. AFP
An Omani uses his phone to take a picture as he stands on the lawn before the Royal Opera House Muscat in Oman's capital, lit up with the national colours on the occasion of the Omani national day. AFP
An Omani uses his phone to take a picture as he stands on the lawn before the Royal Opera House Muscat in Oman's capital, lit up with the national colours on the occasion of the Omani national day. AFP
Syrians load their belongings onto trucks as they prepare to leave the Kurdish-run al-Hol camp holding relatives of alleged Islamic State (IS) group fighters, in the al-Hasakeh governorate in northeastern Syria. A Kurdish official in charge of the region's camps said 515 people from 120 families were returning to areas in the east of Deir Ezzor province, the first to do so after the Kurdish authorities in northeast Syria vowed to allow thousands of Syrians, including the families of IS fighters, out of the over-populated camp. AFP
Syrians load their belongings onto trucks as they prepare to leave the Kurdish-run al-Hol camp holding relatives of alleged Islamic State (IS) group fighters, in the al-Hasakeh governorate in northeastern Syria. A Kurdish official in charge of the region's camps said 515 people from 120 families were returning to areas in the east of Deir Ezzor province, the first to do so after the Kurdish authorities in northeast Syria vowed to allow thousands of Syrians, including the families of IS fighters, out of the over-populated camp. AFP
Ethiopian refugee children who fled fighting in Tigray province gather in a hut at the Um Rakuba camp in Sudan's eastern Gedaref province. One of the world's poorest countries and now faced with a massive influx of people, Sudan has reopened the camp, 80 kilometres (50 miles) from the border. It once housed refugees who fled Ethiopia's 1983-85 famine that killed over a million people. AFP
Ethiopian refugee children who fled fighting in Tigray province gather in a hut at the Um Rakuba camp in Sudan's eastern Gedaref province. One of the world's poorest countries and now faced with a massive influx of people, Sudan has reopened the camp, 80 kilometres (50 miles) from the border. It once housed refugees who fled Ethiopia's 1983-85 famine that killed over a million people. AFP
Egyptian school children dressed in traditional outfits gather during a celebration to mark the inauguration of the fortress of Shali following its restoration, in the Egyptian desert oasis of Siwa, some 600 kilometres southwest of the capital Cairo. AFP
Egyptian school children dressed in traditional outfits gather during a celebration to mark the inauguration of the fortress of Shali following its restoration, in the Egyptian desert oasis of Siwa, some 600 kilometres southwest of the capital Cairo. AFP
Visitors walk down a main thoroughway at the archaeological site of ancient Babylon, about 100 kilometres south of the Iraqi capital. AFP
Visitors walk down a main thoroughway at the archaeological site of ancient Babylon, about 100 kilometres south of the Iraqi capital. AFP
Kuwaiti Huda al-Failakawe competes in the long jump during Kuwait's first women's athletics tournament, in the capital Kuwait City. AFP
Kuwaiti Huda al-Failakawe competes in the long jump during Kuwait's first women's athletics tournament, in the capital Kuwait City. AFP
A statue by Lebanese artist, Hayat Nazer, which is made entirely out of broken glass and debris from the August 4 port explosion, is seen near the port of Beirut in Lebanon. Reuters
A statue by Lebanese artist, Hayat Nazer, which is made entirely out of broken glass and debris from the August 4 port explosion, is seen near the port of Beirut in Lebanon. Reuters
Georgia Hall of England (centre) walks off the green during the Saudi Ladies International golf tournament, at the King Abdullah Economic City, north of Jeddah. AFP
Georgia Hall of England (centre) walks off the green during the Saudi Ladies International golf tournament, at the King Abdullah Economic City, north of Jeddah. AFP

The Middle East Framed - regional photography for November 17, 2020

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The National

November 17, 2020

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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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