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Emirates NBD integrates deposit network
Emirates NBD, the holding company of National Bank of Dubai, Emirates Bank and Emirates Islamic Bank, has finalised the integration of its Smart Deposit Machines network. The newly aligned platform allows customers of the three banks to use any of the 92 machines free of charge.
United Arab Emirates: Sunday, April 27 - 2008 at 10:18

Emirates Islamic offers Skyward
Emirates Islamic Bank in partnership with Emirates Skywards and VISAhas launched the first Islamic co-brand airline credit card, called Skywards Emirates Islamic Bank Credit Card. The product offers exclusive travel benefits, which include complimentary lounge access at Dubai International Airport with free secretarial services, free buffet, internet connection, reading material and 24-Hour porter facilities.
United Arab Emirates: Saturday, April 26 - 2008 at 13:54

UN warns of food 'tsunami'
Soaring food costs are creating a 'silent tsunami' that threatens to plunge over 100 million people into hunger, the United Nations said yesterday. Josette Sheeran, head of the World Food Programme said large-scale, high-level action by the global community is needed. The Asian Development Bank said there was enough food to go round, and the key was to help the poor afford it. It said Asian governments which have curbed food exports were over-reacting, reported Reuters.
Thursday, April 24 - 2008 at 09:25

FNC probes personal debt laws
The UAE's Federal National Council has issued a series of recommendations to tackle soaring personal debt. These include the setting up of a debt tracking system to monitor individual exposure. Personal loan defaults have risen in line with borrowing, which exceeded $190bn in 2007.
United Arab Emirates: Wednesday, April 23 - 2008 at 10:48

Credit card companies boost offerings
Competition among credit card companies has intensified, with some of them offering cash-back features, reported Khaleej Times. American Express has recently begun offering a 5% cash-back for the first three months, more than the market leader Capital One’s offering of 4% for the same period. Cash-back cards currently make up 10% of the cards on the market and the average interest rate on purchases through credit cards has been 0.72%.
Wednesday, April 23 - 2008 at 08:14

Citibank offers personal finance tips
Citibank has created a new section on its website that offers tips on how to use credit cards and personal loans safely and wisely. The new section, 'Use Credit Responsibly' can be found at www.citibank.com/bahrain.
Tuesday, April 22 - 2008 at 08:47

UAE Xchange in Bahrain expansion
The UAE Xchange is planning to open four more branches in Bahrain by August, reported Bahrain Tribune. The money transfer company has two existing branches in the kingdom and has plans to take the number of branches in Bahrain to 15 by the end of 2009.
Bahrain: Monday, April 21 - 2008 at 09:55

BMI acquires Diners Club
Bahrain-based BankMuscat International recently announced it has acquired Diners Club Bahrain from Orient 1. Diners Club's range of services will beincluded in BMI offers such SME banking, mortgage, consumer and vehicle loans. The bank also plans to shortly launch Visa Electron Cards.
Bahrain: Sunday, April 20 - 2008 at 10:38