Daily Business Wrap - Ready for retirement? - video Dailymotion

Not many are. More than 80 percent  of the UAE's working population do not have a retirement savings plan, according to a study.

Transcript

00:00Hello and welcome to Gulf News Daily Business Prepa.

00:04This is Sudesh and I'll take your stories that are making headlines today.

00:07We came across an alarming set of numbers in a study that was commissioned by HSBC.

00:11So according to a study, about 80% of the population in the UAE don't have a systematic

00:18retirement plan.

00:19Yes, you heard it right.

00:20And only 20% have and save regularly for a retirement plan.

00:26This basically comes in the backdrop of higher life expectancy and lack of serving options.

00:32The International Maritime Organization's recent regulations to lower the content of

00:37sulphur used in marine fuel oil to half a percent from the current 3.5% is expected

00:44to increase the cost by $1 trillion over five years.

00:49This is according to S&P Plan's Managing Director, Analytics, Richard Josvick.

00:55An interview to Gulf News, Richard Josvick said that this cost will wither away in the

01:00short term.

01:01Microsoft has launched a new hybrid version of a tablet as well as a laptop called Surface Go.

01:07This is in direct competition with Apple's latest iPad as well as Samsung's tablet.

01:13The price is about $2,399.

01:17For more, you can log on to gulfnews.com slash business and that's it from me.

01:21Thanks for watching.

01:25Microsoft Mechanics

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