Bank loans must be repaid even if you lose your job

Just last month, my company terminated about 200 staff members and more terminations are expected. I currently have a loan with a UAE bank that is to be repaid in 47 months. If my company terminates me, is there any way legally to put the payments on hold. ( read original story ...)

OT Provides Instant Card Issuance for Mashreq Bank in UAE

COLOMBES, France--(BUSINESS WIRE)-- OT (Oberthur Technologies), a leading global provider of embedded security software products, services and solutions and a forerunner in the payment sector, has been selected by Mashreq Bank to deploy Instant Card ... ( read original story ...)

Dubai bank first in world to pilot sign language technology

Dubai-based Emirates NBD has become the first bank in the world to pilot KinTrans, a technology that enables easy two-way communication between sign language communicators with hearing disabilities, and people who use spoken languages. The bank said in a ... ( read original story ...)

Egypt seeks advisers for IPO programme aimed at boosting revenue

Dubai: Egyptian authorities are in talks with local and international ... Egypt has already hired HSBC and EFG-Hermes to advise on the planned IPO of state-owned lender Banque du Caire, while officials have said the program would also include oil companies. ( read original story ...)

ENBD becomes banking partner for Expo 2020

Emirates NBD (ENBD), a leading banking group in the region, has signed a premier partnership agreement with Expo 2020 Dubai to become its official banking partner. The partnership agreement was signed by Sheikh Ahmed bin Saeed Al Maktoum, chairman of the ... ( read original story ...)

To celebrate Mashreq Bank’s 50 year anniversary

Mashreq Bank, the oldest privately owned bank in the UAE, is celebrating its 50 year anniversary alongside the local community. In association with Goumbook, the leading social enterprise promoting sustainability in the UAE, senior executives from the bank ... ( read original story ...)

Some UAE banks temporarily cut loan interest rates

One bank announced last week its “personal finance sale,” offering UAE residents a chance to borrow money at less than 3 per cent annual interest. The attractive rates, however, are being offered at a very limited period and soon, borrowers may find it ... ( read original story ...)

UAE- Can we expect more GCC IPOs soon?

For example, the #UAE circulated new draft IPO regulations for feedback from stakeholders, setting requirements increasingly in line with international exchanges. Changes for the better Saudi Arabia's Capital Market Authority (CMA) announced a number of ... ( read original story ...)