Dubai is an interesting city, multi-cultured, happening, and attractive. All sorts of people come here for work and business. 99.9999% may be good and has the right intentions but that .0001% can flip the perception of something you have.
For example, the businesses here heavily depends on post-dated cheques(PDCs) and unless there is a recession or economic downtime, generally everyone sticks to the date in the PDCs and release the payment. But there are people or businesses utilizing PDCs to cheat people or businesses where the PDC are not followed-through which will have a negative cyclic shock. Because there will be a backend payment promised based on the PDCs. And it impacts the complete ecosystem.
Here is a recent article on the subject - https://www.forbes.com/sites/simonconstable/2019/02/26/multi-billion-dollar-debt-crisis-looms-for-dubai/
Agree, this is not just a Dubai problem as this can impact any city or country.
Another recent perception changing post was on Reddit - https://www.reddit.com/r/dubai/comments/al9wd6/psa_avoid_financial_advisors_in_dubai/ where many people whine about so-called financial advisors scamming people. It is appalling how some people are unprofessional and impacts the whole trustworthiness of some industry. Perception changes.
Happened to find an interesting article on twitter from a financial advisor I follow on how to find the best financial advisors in Dubai, UAE.
There are some cautionary steps that we can perform to figure out whether the person in front of you selling financial advice is reliable or not. You can read it in this section - https://profinancial.solutions/your-guide-to-finding-a-regulated-financial-advisor-in-dubai-uae/#Finding_a_regulated_financial_advisor_in_UAE
Quora has a question dedicated for finding best financial advisors in Dubai - https://www.quora.com/How-can-I-find-the-best-financial-adviser-in-Dubai-UAE
Hope this helps.
For example, the businesses here heavily depends on post-dated cheques(PDCs) and unless there is a recession or economic downtime, generally everyone sticks to the date in the PDCs and release the payment. But there are people or businesses utilizing PDCs to cheat people or businesses where the PDC are not followed-through which will have a negative cyclic shock. Because there will be a backend payment promised based on the PDCs. And it impacts the complete ecosystem.
Here is a recent article on the subject - https://www.forbes.com/sites/simonconstable/2019/02/26/multi-billion-dollar-debt-crisis-looms-for-dubai/
Agree, this is not just a Dubai problem as this can impact any city or country.
Another recent perception changing post was on Reddit - https://www.reddit.com/r/dubai/comments/al9wd6/psa_avoid_financial_advisors_in_dubai/ where many people whine about so-called financial advisors scamming people. It is appalling how some people are unprofessional and impacts the whole trustworthiness of some industry. Perception changes.
Happened to find an interesting article on twitter from a financial advisor I follow on how to find the best financial advisors in Dubai, UAE.
There are some cautionary steps that we can perform to figure out whether the person in front of you selling financial advice is reliable or not. You can read it in this section - https://profinancial.solutions/your-guide-to-finding-a-regulated-financial-advisor-in-dubai-uae/#Finding_a_regulated_financial_advisor_in_UAE
Quora has a question dedicated for finding best financial advisors in Dubai - https://www.quora.com/How-can-I-find-the-best-financial-adviser-in-Dubai-UAE
Hope this helps.
Comments
Post a Comment