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Global Investors Target Green Energy and Advanced Technology
Techem, a significant global investor in green energy and advanced technology, serves over 440,000 clients across 18 countries. The company specializes in energy efficiency solutions designed to reduce consumption, costs, and carbon emissions. Their approach emphasizes low-investment and non-invasive methods.
Debt Panel’s Impact in 2019
The Debt Panel provided crucial advice to readers in 2019, offering guidance on financial challenges.
December 11: A housewife from India, identified as JL, sought advice regarding her deceased husband’s Dh240,000 debt in the UAE. She hoped to use an insurance policy to settle the loan and recover her husband’s end-of-service benefits to support herself and her son. Following the panellists’ comments,JL expressed gratitude,stating the advice provided clarity on the loan’s status and next steps. She planned to contact the bank with the death certificate.
November 26: SL, a financial services employee from India, who left the UAE in June after his employer failed to pay him for a year, owed Dh103,800 across four debts. The panellists suggested he explore the insolvency law to address his situation. SL thanked the panellists for the clarity and the outlined next steps, expressing hope for a positive outcome.* October 15: MS, an energy sector employee from South Africa, lost his Dh12,000 job in the UAE and departed in August, owing Dh71,000.He was concerned about repaying his debts while seeking new employment and feared detention upon returning.MS has as secured a new job and is scheduled to return to the UAE this month. He indicated that the insolvency law was a welcome piece of information. At the time of his statement, he had a one-month deficit in his loan and credit card payments, which he expected to resolve by the end of December, and thus would not be applying for insolvency at that stage.
