News, Middle East Personal Finance News

Wednesday, 25 November 2009
updated 1 minute ago
09:21 UAE time

YOUR DIRECTORY /

Monday, 02 June 2008

HSBC in deal with customer to cut mortgage rate

Personal Finance
Move could open floodgates for other homeowners to get mortgage rates cut.

Wednesday, 28 May 2008

Abu Dhabi ups interest-free loan limit

Personal Finance
Gov't raises amount Emiratis can borrow interest free to finance home to $544,700.

Monday, 19 May 2008

Kuwait steps up battle to curb consumer debt

Personal Finance
Central bank hikes risk on consumer and mortgage loans in inflation fight.

Tuesday, 06 May 2008

Qatar to rein in home loans

Personal Finance
Gulf state considering tightening home financing in battle to control spiralling inflation, media reports.

Sunday, 04 May 2008

UAE consumer loans climb 47%

Personal Finance
Lending touches $13.18bn in three months to March 31 as Gulf state mirrors US rates cuts.

Monday, 28 April 2008

Saudi minimum wage on cards

Personal Finance
Gov't studying minimum wage for some sectors where nationals are employed, labour minister says.

Wednesday, 23 April 2008

Consumers face cap on loans

Personal Finance
Stricter personal loan regulations required to prevent borrowers falling into debt, UAE gov't says.

Sunday, 20 April 2008

Families given cold shoulder

Personal Finance
Bahrain rejects plan to give local families extra $53 per month for every child to help ease inflation burden.

Wednesday, 02 April 2008

Too many firms lack proper insurance

Personal Finance
Lack of insurance in region down to ignorance and cost cutting, industry exec says following fires.

Sunday, 30 March 2008

Future of credit cards in question

Personal Finance
Kuwaiti lenders lower limits and cancel cards as gov't moves to curb soaring spending and personal debt.

Wednesday, 26 March 2008

National pension scheme to cover expats

Personal Finance
Companies will not be consulted over proposed legislation, official says.

Tuesday, 25 March 2008

Kuwait tightens curbs on consumer lending

Personal Finance
People arranging fresh loans see borrowing cap cut by 10% in effort to rein in inflation, central bank governor says.

Wednesday, 19 March 2008

UAE crash victims face insurance denial

Personal Finance
Insurers may try to refuse payouts from 200-car pile-up due to get out clause in policies.

Saturday, 15 March 2008

Feb wage hike for RAK gov't staff

Personal Finance
Emirati and expat public sector employees to be awarded a 40-70% performance-linked raise next year.

Wednesday, 12 March 2008

Consumer despair as water prices to soar

Personal Finance
Dwindling supplies prompt higher bills as Gulf gov'ts attempt to curb consumption, expert says.

Tuesday, 04 March 2008

Amlak launches low-start home finance

Personal Finance
Profit-only home loans to allow lower-income households to get onto UAE property ladder.

Monday, 03 March 2008

Bahrain to fastrack allowances in inflation flight

Personal Finance
Prime minister also calls for urgent review of customs and taxes to reduce cost of living.

Sunday, 02 March 2008

Allowance scheme to cost Kuwait billions

Personal Finance
Gulf Arab state to fork out $3.7bn for scheme to offset effect of soaring inflation on citizens.

Saturday, 23 February 2008

Kuwait doles out allowances, risks stoking inflation

Personal Finance
Nationals in public and private sector to get extra $439 per month to ease costs burden.

Tuesday, 19 February 2008

Saudi to hike wages through allowances

Personal Finance
Public sector salaries and pensions to rise incrementally over next three years, news agency confirms.

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Reader Comments (4 weeks)

HSBC mulls AED20,000 salary limit for customers 2
02 Nov ' 09 at 13:04
There seems to be a bit of confusion here. Just called HSBC and it doesn't seem to be true that customers need to earn a salary of... More »
Credit bureaus combine to form regional group 1
16 Nov ' 09 at 13:52
including Countries like Egypt in it ?.It surely should be MENACRA not simply MECRA?.Why not make it MENA rather than simply Middle... More »
UAE staff set for 7% pay rise in 2010 - survey 1
01 Nov ' 09 at 10:12
In addition to the correct comments above, I would like to add that, nowadays people are more afraid of the future, because there is... More »

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