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Source: خلیج تایمز

UAE Billionaire Recalls How a Forgotten Dh20 Million Account Saved Him Amid Financial Crisis

A UAE billionaire revealed how a long-forgotten bank account with Dh20 million turned out to be his lifeline during a financial crisis. The account, which was opened during a period of economic prosperity, resurfaced at a critical moment, preventing financial ruin. He emphasized the importance of smart financial management and saving for unforeseen circumstances. This inspiring story highlights how past investments and financial prudence can prove invaluable in times of need.

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2025-02-15 13:05:08

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Economic

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The ‘1 Billion Meals Endowment’ tower will be built on Sheikh Zayed Road and will cost Dhs800 million.

The Dubai Mall became the most visited place in the world with 105 million visitors in 2023

The gold market rate continues to rise. Market forecast: The most expensive gold price record

Over 70% of UAE retailers see increase in revenue since accepting digital payments

With the aim of increasing payment methods in the UAE, the global cross-border payment network Terrapay cooperates with Dubai Duty Free

Dubai has welcomed 1.77 million international tourists in January 2024

According to the order of Sheikh Hamdan, the salaries of muezzins and religious leaders in Dubai will be increased

An increase of 4000 dirhams for school registration

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In Downtown Dubai, a new Dh1.2 billion luxury property has been unveiled.

Dubai property projects sold 'in minutes'; nearly 90% of sales come from first-time buyers

Warning to UAE travelers: Failure to declare cash and valuable items is punishable

Dubai Islamic Bank offers compensation to affected customers

Dubai off-plan properties prices to surge 15% in second half of 2024

Tenants in some areas still pay less than Rera Rental Index

Up to Dh200,000 fine in UAE: How employees can file case against employer for unfair practices

Emaar’s first-half profit jumps 33% to Dh7.8b

More Dubai developers start offering offplan price discounts, even up to 20%

Up to Dh10,000 fees for 17 drone-related services

Some schools set backpack weight limit to prevent chronic pain, bad posture

New telemarketing rules in UAE: Full list of fines explained as laws go into effect from August 27

Gold prices hit record high, surpass Dh300 per gram again

Property owners rake in up to Dh15 million in profits by flipping units in 4 years

Dubai has rules for providing services with virtual services

UAE's ADNH is offering 40% of its catering business in the IPO

Dubai tenants are facing an increase in the commission of consultants in cheap properties

High salary for AI professionals in UAE due to labor shortage

More Dubai property buyers opt for mortgage over cash

UAE bank to deduct funds from customers' accounts to reflect charges that were not debited during system upgrade

Sheikh Mohammed approves largest budget ever in Dubai’s history with revenues of Dhs302 billion

The bankruptcy of the Dizabo superpower caused the loss of millions of capital by Emirati investors .

New taxes in GCC: More jobs in UAE due to skills shortage in all areas of tax

Dubai’s Salik reports Dh822-million net profit in 9 months; revenue from fines hits Dh174.8 million

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UAE: Bitcoin Inheritance Planning Essential, Say Experts

AE Coin Receives Final Approval from UAE Central Bank for Launch of First Stablecoin

UAE Lottery Debuts with AED 100 Million Grand Prize

Car Insurance Premiums Skyrocket Across UAE

UAE launches VAT refund system for tourists shopping online

Space42 Secures Additional Dh18.7 Billion Contract from UAE Government

DSF announces 12-hour mega sale offering up to 90% discount at selected shopping malls

UAE petrol prices for January 2025 announced

I have Dh10,000 to invest: Where can I grow my savings in 2025?

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Dubai Jobs: Company Gives Dh150 Million in Bonuses to Employees

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Politics

The UAE will use more nuclear reactors in the future

UAE declares July 18 as Union Pledge Day

Dubai Police announces use of drones to tackle emergencies; residents alerted

Sheikh Hamdan visits Ministry of Defence, reviews its operations, latest initiatives

UAE: 4 soldiers killed in accident while on duty, 9 others injured

Emirates extends flight cancellations to Iran and Iraq until October 23

Dubai Ruler establishes new entity to strengthen city's response to crises, emergencies

Drone use for individuals still banned in Dubai until further notice

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Sheikh Zayed Road to temporarily close for three days starting Friday

Dubai to increase its emissions reduction rate to 50% by end of 2030

New UAE labour law: you can’t be fired over a mental health condition

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Dubai: Left something in the taxi? Here’s how to report lost items

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Dubai could be getting two major new rail systems

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Hail rain on Tuesday morning in Al-Ain region

Causes of death revealed for 7 whales that washed up ashore

The Lebanese artist made a red heart with recycled objects in Abu Dhabi Children's Heart Surgery Hospital

The Dubai Mall became the most visited place in the world with 105 million visitors in 2023

Opening of a new intersection on Al-Wasl Road in a busy area

UAE roads turn into rivers

After forty years of retirement, the QE2 ship returns to the port of Dubai

Dubai Police will soon send robotic dogs to help with high-risk missions.

Dubai reduced the process of obtaining a work visa from 30 days to 5 with the new platform

Unstable weather in the UAE

Abu Dhabi's new tourist discount card

Emirates Airlines gives free iftar boxes to fasting customers

Launch of Ajman Vision 2030 project

Dubai Police announces Ramadan cannon locations

Schools, kindergartens and universities in Dubai are allowed to provide distance education

A warning was issued in Abu Dhabi and Dubai due to thick fog

The British company plans to turn the deserts of the UAE into hills that can be cultivated with wheat and corn

With the aim of increasing payment methods in the UAE, the global cross-border payment network Terrapay cooperates with Dubai Duty Free

Emirates flying cars will be built in 2025

A man traveling from Dubai International Airport (DXB) was caught with witchcraft items in his luggage

GameExpo at the Dubai World Trade Center

Maryam Al Hammadi became the first female Emirati Air Traffic Control Officer (ATCO) in Sharjah.

In two years, Dubai Can has saved eighteen million bottles in the fight against single-use plastics.

According to Dubai clinics, women are experiencing an increase in ADHD cases as the "silent fight" rages on.

Deportation circular with Dubai visa for entry through other UAE cities

The project to build four new bridges to reduce traffic has been completed by 75%

Dubai has fined and shut down 3 car rental companies with a minimum of 10,000 dirhams for violating consumer rights.

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How foreigners can buy property in Dubai; key notes

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Dubai Police announces use of drones to tackle emergencies; residents alerted

Two companies disappeared overnight with goods worth more than 12 million dirhams

The most visited parks and recreational facilities in Dubai in the first half of 2024

Installation of automatic counting system in new Dubai buses to deal with fare evasion

Dubai Islamic Bank offers compensation to affected customers

Rare car auction in Dubai

Free swimming lessons for residents who keep beach trash-free

Three autonomous on-demand delivery robots will begin services

Superman, Wonder Woman take to UAE skies; Etihad unveils new livery

New bridge on Sheikh Zayed Road to give direct access to Mall of the Emirates

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Woman falls to her death from high-rise building in Business Bay

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UAE retailer Lulu to launch IPO next week, sell 25% stake

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Diwali 2024: Dubai gears up to celebrate festival of lights, all you need to know

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Ministry confirms meals served at McDonald’s outlets in UAE free from E. coli bacteria

UAE President launches Erth Zayed Philanthropies to advance legacy of Sheikh Zayed

RTA announces partial operating hours on Al Maktoum bridge till January 16

Dutco Construction appointed the main contractor for One River Point development

Up to Dh100,000 fine, two year jail for hit-and-run cases that cause injuries

Exciting opportunity for UAE food entrepreneurs

Abu Dhabi Police urge drivers to move vehicles off the road after minor accidents

Residents fined Dh500 for placing unauthorised car stickers

Five rule changes, updates coming into effect in November

Heavy crime for illegal advertising on cars in Dubai

2 dead after hotel fire in Naif area

The bankruptcy of the Dizabo superpower caused the loss of millions of capital by Emirati investors .

RAK’s Marjan Island to become world's '4th major gaming market', says Wynn resort chief

Dubai increasing rainwater drainage capacity to reduce flood risk

An Indian expat in Sharjah won Dh20 million in Big Ticket Abu Dhabi’s latest draw held on Sunday night

Dubai plans 'trackless trams' project in 8 locations across the emirate

Dubai roads see 3.5 million vehicles during the day as 10% increase in registered cars

Dubai schools roll out mandatory measles vaccinations as UAE launches campaign

UAE business activity increases in October without growth in recruitment

UAE farms to open to visitors as agrotourism scheme announced

RTA launches shared taxi service between Dubai and Abu Dhabi

How Dubai’s Dh16 billion roads development plan will transform urban mobility

Abu Dhabi Police pull over drivers to reward safe driving, not issue fines

RTA completes Al Jamayel Street, enhancing traffic flow and connectivity in Dubai

Up to 90% discount, free vouchers, gifts and giveaways on 11.11 sale

‘No escape’: Dubai Police catch drivers using their mobile phones even if cars are tinted

Dubai blooms with 2.5 million flowers in greening project

Lost, damaged UAE passport? Apply online now for a replacement

New taxes in GCC: More jobs in UAE due to skills shortage in all areas of tax

Dubai’s Salik reports Dh822-million net profit in 9 months; revenue from fines hits Dh174.8 million

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Sharjah Book Fair 2024 draws massive crowds

Why Al Ain Zoo has become a haven for wild birds

UAE residents worry more about road accidents than job loss, crime, survey reveals

Dubai Police seize 26 vehicles for loud noises, illegal modifications in 24 hours

UAE parents spend up to Dh5,000 on kids' peer pressure demands

Win 24K gold-plated Tesla Cybertruck in raffle draw

Zero Down Payment: Dubai Offplan Property Launches Make Buying Easier

Dubai Metro: One of the World’s Most Reliable Transit Systems with 99.7% Accuracy

Travel Tips for Dubai Visitors During December's Peak Days

Abu Dhabi Grand Prix: A Spectacle Beyond Formula 1

Only Three Lotteries Authorized in the UAE; Warning Against Illegal Gambling

Dubai Ruler’s Grandson Sheikh Mohammed Honoured as ‘Best Cadet’ at UK Military Academy

Crossing a Red Light in the UAE: AED 50,000 Fine, Black Points, and Vehicle Impoundment

UAE Lottery Debuts with AED 100 Million Grand Prize

Work in Dubai as a freelancer: Expo City Dubai offers permits in three days

Car Insurance Premiums Skyrocket Across UAE

Sheikh Mohammed Launches New Edition of Arab Hope Makers Initiative

UAE's First Lottery Draw: Winning Numbers for 100 Million Dirhams Announced; Live Event Highlights

What Are the Public Holiday Dates for Next Year? UAE Public Holiday Guide 2025

UAE announces new basic health insurance for private sector employees and domestic workers from January 1

Dubai Families Thank Caregivers with a Luxurious Cruise Experience

Man Ordered to Pay Dh10,000 for Insulting Woman via WhatsApp in Al Ain

Dubai launches first-of-its-kind drone delivery services

Life imprisonment for two men for smuggling 71kg of drugs in Dubai

UAE: Dh5 tickets with luxury cars and millions in cash transform raffle culture

Dubai opens new 1km bridge, slashes travel time from 15 to 3 minutes

UAE: How many breaks can employees take during work hours?

Skydivers Unfurl Banner in Thrilling Jump Over Liwa Dunes

Dubai yacht rentals soar to Dh360,000 on New Year's Eve

UAE petrol prices for January 2025 announced

Indian nurse wins Dh30-million Big Ticket jackpot

Sheikh Mohammed honors wife on 19th anniversary as Dubai Ruler

Fast and easy: Access all UAE government services at Emirates Government Services Hub

UAE: Dh100,000 fine for selling defective cars; buyers can take legal action

Indialand Group expands real estate portfolio with major Dubai acquisitions

Dubai Jobs: Company Gives Dh150 Million in Bonuses to Employees

Drone use for individuals still banned in Dubai until further notice

How to simplify EV charging in Dubai with the Dewa Green Charger card

New direct bridge to Dubai’s Mall of the Emirates opens today

Pet-Friendly Expeditions Gaining Popularity in the UAE

Rare Planet Parade in UAE Skies on January 25

Man in UAE fined Dh16,200 for scamming woman using pet adoption scheme

UAE: Laptops, tyres, and goods worth over Dh12 million stolen in major trading scam

Traffic on 10 Dubai roads temporarily suspended due to cycling race

Dubai Police announce closure of Smart Police Station in popular location

UAE Golden Visa expands: Three key categories now eligible

How Abu Dhabi's new AI government will help create 5,000 jobs and improve the economy

Win Dh50,000 in prizes at IBPC Corporate Quiz in Dubai

Troubled by office politics? UAE's Institute for Future Readiness offers solutions

UAE: Several Women Fall for Fake Designer Bags, Lose Thousands in Social Media Scam

Teen who created affordable soap to treat skin cancer set to get Zayed Award

Dubai Increases Parking Fees in Al Sufouh 2’s Zone F – New Rates for Motorists

New Golden Visa in UAE: Dubai offers 10-year residency for influencers and content creators

Dubai: Barrierless parking at Mall of the Emirates begins today; all you need to know

Dubai to Unite 1 Million Peacekeepers, Host Global Summit on Justice, Love, and Peace

How an Expert Can Help Avoid the Pitfalls of Solo Property Hunting in Dubai

Get Ready for Taste of Dubai: 10 Tips for an Unforgettable Weekend

Victims of 'Tinder Swindler' and Women's Groups Outraged Over His Media Appearance

UAE Authorities Warn Residents Against New Phishing Tactics

Woman Fakes Marriage to 'Wealthy' Man, Defrauds Relatives of $1.6 Million

Dubai: Higher Parking Fees Announced at Event Locations from February 17

Dubai Loop: High-Speed Underground Transport System to Ease Traffic

Dubai Police return lost items worth Dh26 million to travellers

UAE Jobseekers Demand Up to 30% Higher Salaries Amid Rising Living Costs

Dubai’s Ramadan Street Food Festival in Karama Draws Huge Crowds All Night

Dubai: Affordable Housing Plan for Middle-Income Residents

Dubai Landlords Must Return Security Deposits to Tenants Under New Rules

Saeed bin Suroor: From Dubai Police Officer to Global Horse Racing Icon

Abu Dhabi Makes Major Mobility Investment Leap in 2024

Cultural

'It was a life-changing moment': How Ed Sheeran helped Dubai kids believe in their dreams

Dubai: Left something in the taxi? Here’s how to report lost items

The Lebanese artist made a red heart with recycled objects in Abu Dhabi Children's Heart Surgery Hospital

The Dubai Mall became the most visited place in the world with 105 million visitors in 2023

Flaiva's new global food hall has opened in Dubai's oldest shopping mall

Construction of two new stadiums with more than 20,000 spectators

Launch of Ajman Vision 2030 project

Dubai Police announces Ramadan cannon locations

White Festival returns to Dubai next month

Global Ramadan Timing Village announced the activities of the holy month

Residents of the UAE can take up to 9 days off during the Eid al-Fitr holidays

Jewelery & Bride Arabia exhibition is a luxury exhibition of the best jewelery brands

Hai Ramadan in Dubai

GameExpo at the Dubai World Trade Center

Many couples prefer simple weddings to grand weddings

An increase of 4000 dirhams for school registration

DAMAC unveils luxury boutique villas in Dubai

UAE declares July 18 as Union Pledge Day

The most visited parks and recreational facilities in Dubai in the first half of 2024

Free swimming lessons for residents who keep beach trash-free

It’s Official! Dubai Is The World’s Most-Watched City On TikTok

UAE: Flexible work hours, free child care facilities make offices 'parent-friendly'

The cinema at Dubai's Ibn Battuta Mall has been 'permanently closed'.

Dubai Mounted Police patrols issue 107 traffic fines

Are you still shopping with single-use plastic bags?

New telemarketing rules in UAE: Full list of fines explained as laws go into effect from August 27

You Can Clear 4 Black Points Off Your License With Just One Simple Step

Exam, results, vacation dates announced for these UAE schools in new academic year

Dubai International Programme for Writing kick-starts four-month long Novel Writing Workshop in Jordan

Dubai Miracle Garden opens September 28; cheaper tickets for residents announced

UAE President declares February 28 as Emirati Day for Education

Diwali 2024: Dubai gears up to celebrate festival of lights, all you need to know

'Ripe Market' kicks off its 7th season at Dubai Police Academy

UAE woman launches campaign to include Arabic in café menus across country

Students wait for new university admission criteria as EmSAT exams cancelled

UAE farms to open to visitors as agrotourism scheme announced

Abu Dhabi Police pull over drivers to reward safe driving, not issue fines

‘No escape’: Dubai Police catch drivers using their mobile phones even if cars are tinted

Dubai blooms with 2.5 million flowers in greening project

Residents sell home-made meals for pick-up at their doorsteps in new dining trend

Sharjah Book Fair 2024 draws massive crowds

Landmark Group Opens First Textile Recycling Center in the Middle East

Dubai Ruler’s Grandson Sheikh Mohammed Honoured as ‘Best Cadet’ at UK Military Academy

Dubai’s First Licensed Street, ‘25 Jump Street,’ to Open in One Central

Sheikh Mohammed Launches New Edition of Arab Hope Makers Initiative

International Liwa Festival 2025 Kicks Off in Al Dhafra Region, Abu Dhabi

UAE's First Lottery Draw: Winning Numbers for 100 Million Dirhams Announced; Live Event Highlights

What Are the Public Holiday Dates for Next Year? UAE Public Holiday Guide 2025

Dubai Families Thank Caregivers with a Luxurious Cruise Experience

guide launched to measure nicotine dependency and quit smoking

Dubai Desert Classic 2025 launches spectator Step Fore It challenge

UAE introduces 5-year residency visa for retirees over 55

UAE: How many breaks can employees take during work hours?

Dubai: 'Meet' these famous K-pop idols in a unique VR concert experience

Dubai: Fireworks announced at 36 locations for New Year's Eve

DSF announces 12-hour mega sale offering up to 90% discount at selected shopping malls

Dubai Ruler establishes new entity to strengthen city's response to crises, emergencies

Meet UAE’s 'Iron Man' who has been moulding metals for over 80 years

7 drone shows with 7 firework displays at Global Village tonight

Abu Dhabi NYE Fireworks: Flying duo enjoys a breathtaking view

Sheikh Mohammed approves Dh5.4 billion housing project for Emirati newlyweds

UAE residents go ice chasing in Al Ain, RAK as temperatures near 0°C

Why Abu Dhabi’s Arts and Flowers Festival is a Must-Visit

Emirates to Launch Sensory Guides, Become World's First Autism Certified Airline

Classic Cars and Futuristic Models Shine as Dubai Auto Season Kicks Off

Meet UAE citizen with collection of over 60 rare, classic cars dating back to 1937

Ramadan 2025 in UAE: Essential timing changes you should know

Teen who created affordable soap to treat skin cancer set to get Zayed Award

UAE Police Surprise 60 Drivers with Gifts for Following Traffic Rules in Abu Dhabi

Dubai to Unite 1 Million Peacekeepers, Host Global Summit on Justice, Love, and Peace

Get Ready for Taste of Dubai: 10 Tips for an Unforgettable Weekend

Victims of 'Tinder Swindler' and Women's Groups Outraged Over His Media Appearance

A Trip to UAE’s Pearl Farms: Reviving a Lost Legacy

UAE: Rare Old Books for Sale, Vintage Radios on Display at This Collector’s Museum-Like Library

Saeed bin Suroor: From Dubai Police Officer to Global Horse Racing Icon

Sports

The fourth edition of CFN will be held on April 19 in Dubai

West Asia Premiership: Dubai Tigers make an impression

Dutch citizen detained in Dubai after being sought for a 1,370 kg cocaine haul

HA Excellent stars on Day 2 of 21st Dubai International Arabian Horse Championship

The most visited parks and recreational facilities in Dubai in the first half of 2024

Lewis Hamilton's last appearance in Abu Dhabi

Emirati knights claim silver in Endurance World championship

Saudi footballer Fahad Al Mawlad in ICU after Dubai accident

Emirati woman biker on top of the world after reaching highest motorable pass

Your city, your gym: Get ready for Dubai Fitness Challenge 2024

Pink cyclists to ride across the UAE to raise awareness for breast cancer

Lowry looking forward to Abu Dhabi HSBC Championship return

World Cup match moved from Iran to UAE due to security concerns

Abu Dhabi Grand Prix: A Spectacle Beyond Formula 1

Dubai Desert Classic 2025 launches spectator Step Fore It challenge

Skydivers Unfurl Banner in Thrilling Jump Over Liwa Dunes

Abu Dhabi NYE Fireworks: Flying duo enjoys a breathtaking view

Dubai Marathon 2025: Important traffic updates and road closures for January 12

Pet-Friendly Expeditions Gaining Popularity in the UAE

Health

Mandatory UAE flu vaccine for Umrah and Hajj

UAE doctors warn residents about chicken pox as summer approaches

Free medical checkups for over 3,000 outdoor workers in Sharjah

Sheikh Mohammed meets medical graduates in Dubai

World Heart Day 2024: Dubai Health announces free treatment for 50 heart patients

Ministry confirms meals served at McDonald’s outlets in UAE free from E. coli bacteria

Mobile health station without doctors can diagnose symptoms, dispense medication

Dubai schools roll out mandatory measles vaccinations as UAE launches campaign

New treatment in UAE for COPD lung ailment offers hope

Can Dubai Residents Get Free Treatment at Public Hospitals?

guide launched to measure nicotine dependency and quit smoking

UAE: Pre-marital genetic testing to be mandatory for all citizens from early January 2025

New law to regulate medical products in UAE: Up to Dh1 million fine for violators

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UAE Doctors Advise Residents on Preventing Flu and RSV Infections

Traffic on 10 Dubai roads temporarily suspended due to cycling race

UAE: New Unified Licence to Allow Medical Professionals to Work Anywhere in the Country

Burjeel Group to Establish a Specialist Oncology Network in the GCC

Dubai businessman donates Dh3 billion to build a hospital in memory of daughter lost to cancer

New Private Medical Centre Opens in The Dubai Mall

Technology

million-prize drone race to take place in 2025

Up to Dh10,000 fees for 17 drone-related services

Ban on e-scooters and e-bikes in JBR for safety reasons

UAE shoppers rush to pick up tech deals on smartphones, PCs as discounts and AI score

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Global GITEX 2024 and Kazcode artificial intelligence innovations

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UAE: Bitcoin Inheritance Planning Essential, Say Experts

AE Coin Receives Final Approval from UAE Central Bank for Launch of First Stablecoin

Space42 Secures Additional Dh18.7 Billion Contract from UAE Government

Dubai launches first-of-its-kind drone delivery services

Dubai opens new 1km bridge, slashes travel time from 15 to 3 minutes

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How to simplify EV charging in Dubai with the Dewa Green Charger card

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