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New pay scale for Sri Lankan maids
The new pay scale for Sri Lankan maids has come into effect, said a senior Sri Lankan mission official, reported Reuters. Under the new pay scale it's mandatory for a Sri Lankan housemaid to be paid Dh825 a month. Previously they were paid Dh600. There are about 175,000 Sri Lankans in the UAE of which an estimated 55 per cent are employed as housemaids. Of about 1.5 million Sri Lankans working overseas, a million are women.
Monday, January 07 - 2008 at 09:32 |

Finance House offers 5% cash back
Finance House has elevated credit card rewards programs in the UAE to unprecedented highs, with the launch of a 5% guaranteed cash back offer on its full range of Standard, Gold & Platinum MasterCard credit cards. Under this new reward scheme, successful credit card applicants can enjoy 5% guaranteed cash back on all their purchase transactions during the first 90 days of obtaining the Finance House Credit Card, followed by a 1.50% guaranteed cash back on all their purchase transactions thereafter.
United Arab Emirates: Sunday, January 06 - 2008 at 13:33 |

New credit card offers 4% cash back
Dubai First, the first consumer finance company from Dubai Group, has unveiled its new Dubai First MasterCard which it claims will include the highest cash back offer in the Middle East. The credit card, offered in both Classic and Gold, will provide up to 4% cash back to each cardholder's account on every purchase at all merchant locations in the UAE and abroad. The cash back offering will be a permanent feature of the card programme with no time bound and merchant restrictions.
United Arab Emirates: Sunday, January 06 - 2008 at 07:35

Pakistan crisis lifts gold
Gold rose above $843 an ounce in early London trading due to concerns over the ongoing political crisis in Pakistan and the continued weakness of the dollar, reported the AFP. The yellow metal was in sight of its $850 all-time high set in 1980 but slipped back to $840.8. Gold hit a 27 year peak of $845.8 an ounce on November 7 and this too could be breached.
UK: Monday, December 31 - 2007 at 15:57 |

Qatari banks into Kuwait
The Qatar National Bank (QNB) has started banking operations at its first branch in Kuwait. The QNB received its licence back in September and the opening follows that in Oman earlier this week. Meanwhile, according to The Peninsula, Qatar's Doha Bank is also planning to open an office in Kuwait and has received regulatory approval.
Qatar: Monday, December 31 - 2007 at 08:57

Amlak, Barwa in tie-up
The UAE based Amlak Finance has signed an agreement with Qatar's Barwa Real Estate Company which will see it roll out its various mortgage products through a new entity called Amlak Barwa Finance. Amlak is looking to expand regionally and it has recently launched fully fledged operations in Egypt, while it is a major shareholder in Amlak International in Saudi Arabia.
Qatar: Monday, December 31 - 2007 at 07:29

QNB into Muscat
The Qatar National Bank (QNB) has opened its new branch in Muscat and it is now offering full banking services. The QNB was granted a licence to operate in Oman in January and it has become the first Qatari lender to open an outlet in the sultanate. The QNB has recently received the go-ahead to open a branch in Mauritania; the bank already has offices in Yemen, Singapore and Libya.
Oman: Sunday, December 30 - 2007 at 07:56

Bhutto death fans gold
The death of former Pakistani Prime Minister Benazir Bhutto in a suicide bombing in Rawalpindi late on Thursday helped push gold prices above a one month high yesterday. Gold futures for February delivery finished the day at $842.7 an ounce, up more than 1%, or $10.9, having hit an intra-day peak of $843.8 on the New York Mercantile Exchange, reported Reuters. Gold has now climbed in five straight sessions.
US: Saturday, December 29 - 2007 at 07:41