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News tagged with “uae central bank”. Found: 254 tagged news reports.
 

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Abu Dhabi :: United Arab Emirates | 1 year ago

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The UAE Central Bank has issued a circular to banks in the country to cease giving income-based consolidation loans with repayment schedules that extend beyond 48 months. The now-illegal loans were aimed at Emiratis and limited the monthly payments

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Dubai :: United Arab Emirates | 1 year ago

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The board of directors reviewed the draft of the regulations, according to a Press release issued by the apex bank on Monday. The proposed mortgage regulation is meant to institutionalise the market, in consultation with banks, and is unlikely to

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Dubai :: United Arab Emirates | 1 year ago

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About a dozen major lenders will be participating in the pilot programme, which is being prepared to realise the dream of a centralised financial institution that can track the history of borrowers, determine the quality of cash and monitor the

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Dubai :: United Arab Emirates | over 1 year ago

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The US based brokerage said the UAE Central Bank projected four per cent economic growth in 2012 and 2013, noting that the official plan to spend Dh330 billion over five years to increase oil production capacity could support hydrocarbon sector

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Dubai :: United Arab Emirates | over 1 year ago

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The new Direct Debit System (DDS) will change the payment culture in the UAE, said a senior banker. Although there are lots of questions surrounding the process, the UAE Central Bank is trying to make it as smooth as possible, Shaikh Abdul Karim,

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Dubai :: United Arab Emirates | over 1 year ago

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Payments of house rents, utilities and repayment of loan instalments will become paperless (read: chequeless) from June 15 this year when the UAE Central Bank launches the Direct Debit System a new means of payment. The implementation of Direct Debit

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Dubai :: United Arab Emirates | over 1 year ago

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While the regional trading hub has witnessed renewed business activity creating more jobs and more business opportunities, Abu Dhabi rents have fallen five to 12 per cent over the same period due to the arrival of new housing units. The UAE's real

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Dubai :: United Arab Emirates | over 1 year ago

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Loans and advances, net of provisions and interest in suspense, slipped 0.7 per cent to reach Dh1.099 trillion in the last month of the year. A declining trend was also monitored in total bank assets, which decreased 0.2 per cent to hit Dh1.791

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Dubai :: United Arab Emirates | over 1 year ago

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UAE Central Bank seeks to fix mortgage cap Abdul Basit / 17 March 2013 The Central Bank of the UAE on Saturday indicated speedy finalisation of proposed regulations on mortgages, liquidity, and banks loan exposure. The most important regulation for

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Dubai :: United Arab Emirates | over 1 year ago

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Customers in the UAE will soon be able to order an item from a supermarket or food from a restaurant without leaving home or office. This is going to become a reality in the first half of the year as etisalat is set to launch mobile wallet services

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