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DailyFX Currency Update

Gold prices jump 2%
Gold jumped more than 2% to a one-week high on Monday, as bullion buying gathered pace after oil climbed and the dollar pared gains. Gold rose as high as $927.70 an ounce and was quoted at $927.40/$928.30 at 1501 GMT, against $908.40/$909.20 late in New York on Friday. But the metal is still 10% below its record high hit on March 17.
Tuesday, April 08 - 2008 at 08:54 |

Emirates NBD on loan spree
Emirates NBD announced its latest promotion for its personal loan customers, which offers the chance to 'Live for Free for 1 Year'. The promotion applies to customers wishing to top-up their loans or applying for a new personal loan from 6th April to 5th July, 2008. The promo will award 9 winners drawn daily to enjoy an expense free year with their annual house rent, utility bills, telecom bills, petrol expenses, groceries, cosmetics, and school being reimbursed.
United Arab Emirates: Monday, April 07 - 2008 at 09:35 |

Bonds for housewives
The UAE's National Bonds has launched a campaign empowering housewives to purchase National Bonds without any income requirements. A significant rise to 30% of bondholders among women has led National Bonds to initiate the campaign.
United Arab Emirates: Sunday, April 06 - 2008 at 09:08

QNB loans for La Riviera
Qatar National Bank (QNB) has agreed to offer mortage loans for property buyers at La Riviera, First Qatar Real Estate Development Co.'s luxury homes at the Pearl-Qatar. QNB will finance up to 90% of the property value for both Qatari and resident expatriates, with loan tenors up to 30 years for Qatari nationals and up to 25 years for resident expatriates.
Qatar: Saturday, April 05 - 2008 at 10:27

Consumers to be hit by rice export ban
Consumers in the UAE will need to further tighten their grocery budget as rice and pulses are expected to become more expensive in the next few weeks because of a ban on their exports by India and Pakistan, reported Gulf News. The possible price hike will have a major impact on the monthly budget of average consumers living in the country, analysts say.
United Arab Emirates: Thursday, April 03 - 2008 at 08:50 |

Etisalat to offer money transfer to India
Etisalat will soon be giving UAE-based Indians the opportunity to send money home through a short message service (SMS) on their mobile phones. Customers who wish to use the Mobile Money Transfer service will be given a mobile wallet (mWallet) that can be loaded by transferring money from their accounts in partner banks. The same service will be extended by the end of this year to UAE expatriates who send remittances to the Philippines, Egypt and Pakistan. Etisalat is offering the service in partnership with Mashreq Bank, Tata Communications, and Idea Cellular.
United Arab Emirates: Wednesday, April 02 - 2008 at 08:12 |

Jadwa launches new funds
Saudi-based Jadwa Investments has launched three new Shariah compliant funds with dynamic asset allocation strategies. The Fund of Funds investment approach provides diversification of asset classes, markets, risks and managers. The assets of FOF can be spread into a diverse range of funds investing in equities, real estate, private equity, Sukuk and Murabaha.
Saudi Arabia: Tuesday, April 01 - 2008 at 09:49

Global remittance hits $318bn
The World Bank said global remittances hiked 7% in 2007 to reach $318bn, cited Gulf News. Top recipient countries include India with $27bn, China at $25.7bn, Mexico by $25bn, the Philippines with $17bn, and France at $12.5bn. The main source of remittances are led by the US with $42bn in recorded outward flows in 2006 while Saudi Arabia ranks as the second largest with $15.6bn.
Middle East: Monday, March 31 - 2008 at 09:17