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The next crisis: Credit Card Debt

Together with the financial crisis, the banking crisis, the mortgage crisis and the employment crisis, we are on the verge of experiencing a credit...

BofA Merrill Lynch Launches Accelerated Payments to Asia

New Service Uses Smart Routing Technology; Improves Cash Concentration and Visibility by Reducing Delays Common to U.S. Dollar Payments in the Region; Removes Need...

‘Best Home Finance Company’ at Banker Middle East Industry Awards

Tamweel PJSC, the UAE Islamic home finance provider, announced today that it has been named the “Best Home Finance Company” at the Banker Middle...

Mortgages to Foreigners Maybe Capped at 50% of Home Value, Sources

A large number of international media sources report that UAE's Central Bank have issued guidelines restricting mortgages for expatriates to 50 percent of the...

DFM launches iVESTOR Shabab card

The Shari'a compliant card enables parents to track their children's expenditure, and entitles holders to receive a DFM Investor Number The new card emulates the...

Best Corporate Card for businesses

Emirates NBD wins award for ‘Best Corporate Card’ at Smart Card Awards Middle East Awarded for distinctive expense management features, and control and savings capability First...

UAE’s Central Bank governor clarifies mortgage regulations

The circulars sent by the Central Bank setting the maximum value of mortgages for foreigners and nationals at 50% and 70% of the property...

UAE based Indians have critical gaps in their financial, retirement planning

75% expect their children to look after them during retirement Only 10% invest in any retirement plans NRIs focus on relatively illiquid investments like gold and...

Rosy perspectives for mortgage providers in Dubai

Mortgage providers in Dubai introduce higher quality products Many expatriates in Dubai are now planning to purchase a home. Most of them have been living...

DED, Noor Islamic Bank sign agreement to facilitate electronic payment of...

The Dubai Department of Economic Development (DED) and Noor Islamic Bank (NIB) have signed a co-operation agreement to facilitate electronic payment of trade license...

Services of Dubai Municipality, RTA, DED and DCCI now payable via...

  Dubai Islamic Bank (DIB) and Dubai eGovernment announced today they have partnered to offer customers an easy online payment experience. Using Al Islami...

Emirates Money opens first branch in Abu Dhabi

Consumer finance company offers comprehensive loan solutions Enables customers to meet personal and business requirements Emirates Money, a consumer finance company and wholly owned subsidiary...

Portable pensions remain best for expats as UAE unveils pension scheme

Chris Ferguson, Managing Director, Guardian Life Management (Dubai), says portable pensions remain the best bet for expats as the UAE unveils its own pension...

Adopt early to changes in Payments Industry

Close examination of the “innovation clusters”, known also as incubators for new technology aiming at consumer simplicity, now signals that an innovation in the payments industry is ready for prime time.

UAE currency to be printed on home turf

The Central Bank of the United Arab Emirates and the Emirates Investment Authority (EIA) signed a deal to introduce a mint in the country...

Women are an Underserved Market for Mobile Financial Services

A study released today by the GSMA mWomen Programme and Visa Inc. entitled, Unlocking the Potential: Women and Mobile Financial Services in Emerging Markets,...

Mahra Ladies Banking designed exclusively for today’s woman

Mahra Ladies Banking provides significant discounts at shops, restaurants, hotels and resorts Additional benefits include concierge services, free valet parking, unlimited access to Ladies Clubs...