Thursday 8 December 2016
 
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ASBB launches new card payment service

Al Salam Bank-Bahrain, one of the pioneering Sharia compliant banks in the kingdom, recently launched its latest credit card payment gateway service channel in partnership with Benefit, Bahrain’s national electronic network for financial t

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Al Salam Bank announces winners of spring promotion

Al Salam Bank-Bahrain, one of the pioneering Shari’a-compliant banks in the kingdom, has announced the 10 winners of its Special Credit Card Spring Promotion, which was rolled out on May 1 and ended on June 30. The promotion

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Waha Capital secures new $500m credit facility

Waha Capital, a leading investment company based in Abu Dhabi, completed the refinancing of its credit facilities with 12 local, regional and international banks. The new and upsized financing is a five-year $500 million revolving

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Kuwait fuel reforms credit positive says Moody's

Kuwait's move to raise fuel prices is credit positive for the sovereign because they will lower current expenditures and bolster government finances dented by the downturn in global oil prices, while reducing wasteful overconsumption, Moody&

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Kuwait fuel reforms credit positive says Moody's

Kuwait's move to raise fuel prices is credit positive for the sovereign because they will lower current expenditures and bolster government finances dented by the downturn in global oil prices, while reducing wasteful overconsumption, Moody&

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UAE growth in credit demand slows in Q2

Growth in demand for business credit in the United Arab Emirates slowed during the three months through June, especially in Dubai, according to a central bank survey published on Thursday. The net balance measure for business lend

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UAE credit demand rebounds

Demand for credit in the UAE rebounded in the January-March quarter after dipping during the previous quarter, a central bank survey showed on Thursday. The net balance measure for business lending - the weighted percentage of res

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Microfinance experts to discuss strategies at summit

Global policy makers and microfinance experts will convene in Abu Dhabi this month to explore and discuss innovative financial inclusion strategies that can create clear pathways to economic and social inclusion.  

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UAE banks cut credit lines to SMEs after defaults

Banks in the United Arab Emirates are cutting credit lines to small- and medium-sized businesses (SMEs) after a spate of defaults, posing a threat to one of the economy's main drivers. As weak oil prices prompt a drying up of

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Finance House launches online security shield

Finance House has launched an extra safe online security shield '3D Secure.'    Enabled across all credit cards, this feature will protect Finance House customers from the haunting threat of cyber th

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