Personal Finance

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DailyFX Currency Update

Food prices to stay high for 2-3 years
High global food prices are likely to stay high for two to three years while the world replenishes food stocks, reported Reuters, citing a report by the US Council of Economic Advisors. Although prices are expected to remain, they are not predicted to rise at the same rate as they did last year, the report said.
Thursday, May 15 - 2008 at 08:43

HSBC unveils new credit card
HSBC Middle East has unveiled its enhanced Visa Platinum Credit Card, which will offer cardholders added benefits and rewards, the bank said. Benefits include access to premium tickets for worldwide sporting, concert and theatrical events and free valet parking at select locations such as malls and airports.
Wednesday, May 14 - 2008 at 08:54

Jordan raises fuel prices again
Jordan raised fuel prices on Monday for the eighth time in two years as part of a state plan to phase out subsidies, reported AP. The government increased the price of unleaded gasoline by 5.7% to 0.740 Jordanian Dinars ($1.03) per litre. Heating fuel and kerosene for household use jumped by 5% to JD 0.630 ($0.88) per litre, while the price of cooking gas remained unchanged.
Jordan: Tuesday, May 13 - 2008 at 07:21

DME plans gold futures
The Dubai Mercantile Exchange (DME) has said it plans to introduce gold futures contract and several other commodities derivatives, cited Gulf News. The New York Mercantile Exchanges is studying if it could offer both gold and steel contracts for potential listing on the DME.
United Arab Emirates: Monday, May 12 - 2008 at 09:52

Aseel opens new branch
Aseel Finance has opened its new branch in Abu Dhabi in Al Bateen area. Aseel is a joint venture of First Gulf Bank, Aldar Properties, Sorouh Real Estate, and Reem Investments, offering Sharia compliant products, such as mortgages, corporate finance and investments.
United Arab Emirates: Sunday, May 11 - 2008 at 09:58

Dubai Bank joins Emcredit pool
Dubai Bank has joined Emcredit's network pool of credit information services. Dubai Bank will provide payment and repayment records of its customers to Emcredit’s data pool, and in return will benefit from Emcredit’s credit information and risk assessment services, which include access to specific credit reporting such as the cheque-honouring background of individuals.
United Arab Emirates: Saturday, May 10 - 2008 at 12:37

Soaring prices spark unrest
Soaring costs for food and other basic commodities are pushing millions of people across the Middle East towards poverty and setting off strikes and unrest, reported Gulf Times. There has been a 75% rise in food prices since 2005, much of it in the past year, according to the Economist food prices index. Many Arab countries are heavily reliant on food imports, which makes them more vulnerable to global rises in commodity prices. In Egypt, 11 people have died in the last two months in scuffles as they waited in queues to buy subsidised bread.
Thursday, May 08 - 2008 at 09:07

Citibank unveils Enhanced Personal Loan
Dubai-Citibank, a member of Citi, has launched the Enhanced Personal Loan, which is customized for high-income individuals, with limits of up to Dhs200,000 ($55,000). The new facility comes at a low interest rate, does not require salary transfer and offers quick approvals and easy documentation.
United Arab Emirates: Wednesday, May 07 - 2008 at 09:33

Index : Personal Finance