Experts warn UAE residents against vicious cycle of debt
STUDY SHOWS THAT THE AVERAGE CONSUMER DEBT IN UAE IS $ 95,000 PER HOUSEHOLD
Chartered financial practitioner and wealth manager at AES International. Personal finance expert at Nexus Group
ABU DHABI BY SARAH DIAA
Excessive use of credit cards and personal loans is the greatest perpetrator of severe debt among residents in the UAE, with financial experts in the country also warning against borrowing money from private lenders.
Average consumer debt in the UAE...
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