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Barclays, mortgages unchanged
- United Arab Emirates: Sunday, May 14 - 2006 at 16:43
Barclays Bank today announced that rates on their dirham and dollar denominated mortgage rates in Dubai will remain unchanged. This is in spite of the announcement on May 10 that the USA Federal Reserve interest rate has increased by 25 basis points to 5.00%. The Barclays dirham and dollar rates will remain at 7.6%.
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Jonathan Sheikh-Miller, Deputy EditorSunday, May 14 - 2006 at 16:43 UAE local time (GMT+4)
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