Wednesday 4 May 2016
 
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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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Low deposit growth to impact Saudi banks

The slowdown in deposit growth to 1 per cent in 2015 from 12 per cent in 2014 and the sharp decline in oil prices as wells as a 14 per cent reduction in the 2016 Saudi government budget are credit negative for Saudi banks, Moody's has said.

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Crédit Agricole launches new brand 'Indosuez'

Crédit Agricole Private Banking, a leading international wealth manager, said its operations across Europe, the Middle East, Asia-Pacific and the Americas will be united under a new organisational structure and brand Indosuez Wealth Man

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CrediMax wins ‘best credit card issuer’ honour

CrediMax has been named the ‘Best Credit Card Issuer and Acquirer’ in Bahrain for 2015 by Global Banking & Finance Review publication. Company chief executive Yousif Ali Mirza received the award during a ceremony in the UK, sai

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Global household wealth 'to grow slower'

Global household wealth will grow at 6.6 per cent annually, slower than the 7 per cent estimated earlier, as the overall economic outlook remains weak, Credit Suisse said. Global household wealth is now expected to rise to $345 tr

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Apicorp ratings outlook considered ‘stable’ by Moody’s

Arab Petroleum Investments Corporation (Apicorp) has been given a ‘stable’ credit ratings outlook in a new analysis published by Moody’s Investors Service.   The research stated that Apicorp&rsq

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VW board considering steps to prop up credit rating

Volkswagen's supervisory board is considering steps to prop up the carmaker's credit rating amid a scandal over its rigging of emissions tests that affects 11 million of its vehicles, two sources close to the board said. T

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