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Personal Finance section / feed discontinued
The AME Info Personal Finance section / RSS feed has now been discontinued. The content has been moved to the Banking section (www.ameinfo.com/banking).RSS users please go to www.ameinfo.com/rss to subscribe to the new feed.
Middle East: Friday, October 17 - 2008 at 08:55 |

New credit card offers discounts for shoppers
Majid Al Futtaim Group has partnered with two Japanese firms to launch a new credit card in the UAE that offers shoppers discounts at some retail outlets. Customers who sign up for the new Najm JCB card will receive discounts as high as 50% at Carrefour; 20% at MAF-owned fashion stores; 25% at Ski Dubai, and 20% at the Kempinski Hotel at the Mall of the Emirates. Shoppers can also take advantage of one to two per cent cash back on purchases at different store outlets, reported Gulf News.
United Arab Emirates: Thursday, October 16 - 2008 at 08:31

Royale Mastercard wins award
Dubai First, the consumer finance company of Dubai Group, has announced that its Royale MasterCard has been awarded the 'Best Premium Programme - Credit Award' by MasterCard Worldwide. The Royale is the only credit card in the region embedded with a certified diamond set within a distinctive metal crest and is available by invitation only. It offers unique services and benefits such as a Personal Relationship Manager and a Lifestyle Manager who provide support to every lifestyle aspect, from booking jets to arranging invitations to exclusive openings around the world, according to a press statement.
Middle East: Wednesday, October 15 - 2008 at 10:16

Gold gains appeal as alternative asset
A US decision to flood the financial system with unlimited dollars has fueled concern inflation may rise and boosted gold's appeal as an alternative asset, reported Bloomberg. The Federal Reserve yesterday led a push by central banks to inject the financial system with as many dollars as banks want, backing up government efforts to revive confidence and helping to reduce money-market rates. Bullion for immediate delivery jumped as much as $18.67, or 2.2%, to $851.72 an ounce before trading at $850.67 at 9:51 a.m. in Singapore.
Middle East: Tuesday, October 14 - 2008 at 09:32

QIB launches e-banking
Qatar Islamic Bank has launched internet banking services for all its personal banking customers. A similar service for corporate customers is expected to be unveiled soon. Customers will be able to transfer money, pay utilities, check balances and oversee their accounts online through secure connections.
Qatar: Monday, October 13 - 2008 at 10:54

Gold prices fall
Gold fell by 9.6% on Friday as investors dropped the commodity in a search for liquidity. Reversing initial gains as investors sought safety in the stock the value fell to a low of $823.50.
Sunday, October 12 - 2008 at 12:10

KSA's central bank ready to secure deposits
Saudi Arabia's central bank is prepared to provide as much as 150 billion riyals ($40bn) to protect deposits held in the kingdom's banks, reported Bloomberg, citing an article by Al Watan newspaper. This would cover 19 percent of the country's total bank deposits of 809 billion riyals.
Saudi Arabia: Thursday, October 09 - 2008 at 13:06 |

Emirates NBD unveils loan education campaign
Emirates NBD has launched a unique new personal loan education campaign to advise UAE residents to borrow responsibly and within their repayment capacity. This new initiative is in line with the Group's reputation of being a financial institution that cares for its customers, according to a press statement. The initiative will be supported by a sustained media campaign that will advise the UAE residents on the merits of borrowing prudently and avoiding the temptation of high loan amounts.
United Arab Emirates: Wednesday, October 08 - 2008 at 09:35 |

Index : Personal Finance