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New repo device to stall cars of late payers
Some loan companies and car sellers in Dubai will be installing electronic repossession devices in automobiles that kick in if a buyer misses a payment, reported Industry Week. The device flashes colored warning lights as payment day approaches. The light turns yellow when a payment is due, and if a timely payment is not made, the device starts beeping for a day, after which the car will not start. When a payment is made, the driver is given a code to type into the stalling device, and the car can be driven again.
United Arab Emirates: Tuesday, May 06 - 2008 at 10:07

Emirates to India Post remittance
Emirates Post and India Post have teamed up for a new Express Money Order (EMO) to India. Emirates Post offers instant money transfer through post-office and the money will be delivered to any of the 97 head post-offices of India Post and 2,400 sub-post offices linked to the EMO service.
United Arab Emirates: Monday, May 05 - 2008 at 10:49

Reliance launches Islamic products
Reliance Money has announced the launch of a Shariah-compliant portfolio management scheme for investors in India and the Middle East. The scheme will be accessible from $13,600 (Dhs50,000).
Middle East: Sunday, May 04 - 2008 at 08:47

Bahrain Islamic Bank offers Iqra
Bahrain Islamic Bank has launched a new savings account called Iqra account. The account is an educational investment scheme which enables families to make monthly contribution amount to cover the basic costs of their children's future higher education. It also offers Takaful life insurance for the whole amount expected to be saved at the maturity date of scheme.
Bahrain: Saturday, May 03 - 2008 at 13:29

Gold sinks to 3-month low
Gold fell to a three-month low on Wednesday as investors took profits ahead of a decision on US interest rates by the Federal Reserve later in the day, reporteed Reuters. Gold fell to $866.20/$867.20 an ounce at 0942 GMT from $873.55/874.75 an ounce late in New York on Tuesday.
Thursday, May 01 - 2008 at 12:23 |

Salaries climb in Bahrain
Private sector employees in Bahrain are getting some relief as major companies are offering salary hikes, in some case one-time pay off, to minimise the impact of growing prices due to inflation, reported the Bahrain Tribune. The move is in line with the government's BD40 ($106m) initiative under which each Bahraini with a mid-level income will get BD50 a month to help offset growing prices and inflation.
Bahrain: Thursday, May 01 - 2008 at 08:18

UAE launches national bonds campaign
National Bonds, the Sharia-compliant national savings scheme of the UAE, has launched a nationwide savings awareness campaign in leading UAE malls and Lulu supermarkets. With a view to educate and promote savings habits among housewives, the company has set up special kiosks in Dubai Festival City, BurJuman Centre, Ibn Batuta Mall in Dubai; Sahara Centre in Sharjah and all Lulu Hypermarket outlets in the UAE. During the week-long campaign, women will have the opportunity to learn about the benefits of investing in a simple, safe and profitable option such as National Bonds.
United Arab Emirates: Wednesday, April 30 - 2008 at 08:07

Job satisfaction low in UAE
Employee satisfaction in the UAE is comparably low in the region, with only 27% of workers being highly satisfied with their work, according to survey by employment site Bayt.com and research firm YouGovSiraj. 9760 workers across the region and Pakistan responded to the survey, which was conducted last month. Lebanon and Morocco have the highest levels of job satisfaction at 36% and 35% respectively. Of all the nationalities surveyed, Gulf nationals across all countries scored the lowest in terms of job satisfaction, with only 26% enjoying a high level of satisfaction in their work.
Tuesday, April 29 - 2008 at 09:10