2003
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HSBC calls in RIB investors
HSBC is asking owners of maturing Resurgent India Bonds in for a free consultation with its financial planning advisors. The bank offers advice from its huge worldwide network tailored to local requirements. RIBs are popular with the expatriate community in the Gulf.
Citibank, free extra cards
Citibank UAE is offering three free supplementary cards for loved ones this month. Also the first year fees for Silver cards are down to Dhs125 and the Gold card is Dhs250. The Citidollar rewards programme also allows points to be collected for gifts from the reward's catalogue.
Gold above USD384 an ounce
Gold prices continue to climb with London prices up from USD381.50 to close at USD384.20 yesterday. Partly this reflects the fall in the US dollar this week against the Yen and Euro. But the yellow metal is also a traditional hedge against financial market instability.
India, UAE transfer in 24hrs
The UAE's Thomas Cook Al Rostamani Exchange is now offering money transfers to HDFC and ICICI bank accounts in India for Dhs10 and to the Federal Bank of India for Dhs15. The exchange claims its exchange rates are unbeatable and provides a 24-hour service.
Al Ahli Gulf Fund launch
Al Ahli Bank of Kuwait is launching the Al Ahli Gulf Fund which will invest in GCC stocks with the aim of achieving capital growth. All nationalities can participate and subscriptions open on September 21 and close October 30. For more details visit, www.abk-kuwait.com.
Amex, 1pc money back
American Express Blue Cards in the UAE come with a unique one per cent in cash back on every purchase made with the card. There is also an interest rate of one per cent for the first six months and fraud protection. Visit www.americanexpress.co.ae for details.
Kuwait, personal loans rise
Personal credit and loans by Kuwaiti banks was up from USD8.6bn to USD10.1bn in the year to end of August, reported the Central Bank of Kuwait. Personal loans accounted for 38 per cent of total lending facilities. Bank deposits in the same period were up by 11.2 per cent to USD61.6bn.
USD400 gold price imminent
Gold prices could top USD400 per ounce before the end of the year, according to many traders. With the yellow metal now at USD375 that hardly seems an ambitious target now. AME Info columnist Dr Marc Faber has been one of the very few forecasters to accurately predicts gold's advance and published a timely book, Tomorrow's Gold, late last year.
HSBC, RIB, free consultation
HSBC is calling UAE holders of the Resurgent India Bond into the bank for a free consultation. The bank has a dedicated Financial Planning Service to advise on investment decisions drawing on the benefits of its worldwide network. To book a consultation call 800 4449.
DNIR, critical life policy plan
Dubai National Insurance and Reinsurance is planning to launch critical illness insurance cover by early next year, reported Gulf News. More and more companies are moving in this direction, said officials. Critical life polices insure against the financial impact of illness.
High return Quadriga fund
The latest Superfund Garant IV is the fourth guaranteed principal product offering from the Quadriga Group and being actively marketed in the Middle East. The Superfund Garant IV will be positioned for average annualized returns of 10 to 12 per cent. A capital guarantee of 140 per cent of initial investment at maturity will be provided by ABN AMRO Bank.
ABN Amro regular savings plan
ABN Amro is promoting its Regular Investment Plan to facilitate long-term savings. Minimum contribution start at Dhs150 per month with access to over 250 investment funds and the ability to switch between funds free of charge. Optional protection benefits are available.
Arab Bank introduces Visa card
Arab Bank has launched its new Visa cards for customers in the UAE. For more information call into local branches, or visit the website, www.arabbank.ae. The use of credit cards is booming in the UAE, and displacing cash which is increasingly seen as most inconvenient.
UNB Expat Loan offers prizes
Take a Union National Bank Expat Loan and there is the chance to win one of two Toyota Camry cars and many other prizes. Interest rates start from 9.99 per cent for up to 60 months with a three-month payment holiday. You also get a free Visa card and the loan amount is up to 18 times salary.
Visa, win LG mobile phone
Anyone spending more than Dhs150 on their Visa card at Carrefour hypermarkets in the UAE will automatically be entered into a draw with the chance to win one of 10 LG G5300 mobile phones. But hurry, this offer closes on September 17.
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