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The First Group offers mortgage
Almas Capital has arranged mortgage financing for homebuyers and investors of projects developed by The First Group in Dubai Sports City. These mortgage products are now available from Amlak, Mashreq, and Badr-Al-Islam.
SABB launches Arabic call centre
SABB has launched HSBC Bank Middle East Call Centre operations in Riyadh to serve region-wide customers. SABB will receive Arabic incoming calls related to credit cards and other banking services enquiries, as well as answering questions related to marketing campaigns, and contact with prospective and potential customers. The unit is expected to handle 3000 calls per day by year end.
Al Hilal, Hamptons in valuation deal
Hamptons Valuation has partnered with Al Hilal Bank to include Hamptons in the bank's exclusive valuation panel for mortgage and retail businesses. Al Hilal Bank is an Islamic banking institution wholly owned by the Abu Dhabi Investment Council.
Mashreq banking 'on arrival'
Mashreq has launched an 'On Arrival Package' solution for newcomers in the UAE. The product offers an account with a debit card, one month's salary in advance, a Gold credit card, furniture and rent advance loans and an Easy Saver account in one easy package. The package is available to new residents of the UAE before their visa stamping process is completed.
CBI to open 10 UAE branches
Commercial Bank International has said that it plans to open 10 branches across the UAE over the next three years, according to a report by Emirates Business. The expansion programme will focus on Abu Dhabi and Sharjah. The move comes as the bank revealed that net profits for Q2 had fallen.
BankMuscat sets up call centre
Omani financial provider BankMuscat has launched a new 24 hour, seven days a week call centre for customers, according to the Oman Tribune. The service can deal with customer enquiries as well as financial transactiosn.
Air ticket, BMW on CBD credit card
The Commercial Bank of Dubai (CBD) has launched a campaign on its credit card, giving away chances to win daily air tickets and three BMW 530i cars. Customers who cumulatively spend a specific amount of money using their CBD credit card will automatically enter the draws.
Amex, Emirates NBD tie up on bills
American Express in agreement with Emirates NBD now allows UAE-based American Express cardmembers to settle monthly bills online and at cash deposit machines. The online service is available to American Express cardmembers holding bank accounts with Emirates Bank.
Ahli Bank offers MyHassad scheme
Ahli Bank, Oman has launched the MyHassad saving scheme for all Omani residents. Customers maintaining a minimum balance of OMR100 in Ahli BAnk MyHassad account will be eligible for daily draw, each OMR100 held in the account entails the customer one chance to win in the draw.
Al Shaheen adds services to its platinum card
Emirates NBD priority banking service Al Shaheen has added more features to its Al Shaheen Platinum Credit Card. It now includes complimentary access to airport lounges in the UAE and personalised concierge services, valet parking, golf facilities and reward miles.
Gulf Bank offers Mobile Plus Service
Kuwait's Gulf Bank has launched its new Mobile Plus Service that allows customers to gain instant replies upon their request that includes information about their available balance, the last five transactions, checkbook request, fund transfers, credit card payments and changing an individual password. The service also gives customers access to their banking requirements from anywhere in the world.
EIB offers high returns
Emirates Islamic Bank has reported that its annual rate of 5.29% on two-year investment accounts is the highest return declared so far for 2008 by any bank in the UAE. The one year, 9 months, 6 months, and 3 months investment accounts annual rates of 5.00% , 4.41%, 4.11%, and 3.82% respectively, are also considered to be among the highest returns in the UAE banking industry, the bank said.
Emirates NBD launches personal finance wing
Emirates NBD bank has received approval from the UAE central bank to launch a consumer finance company. The new group, Emirates Money Consumer Finance, can begin operating immediately and plans to offer a range of loan products.
National Bonds soar 200% in H1
The Shariah-compliant savings scheme, National Bonds, has announced record sales for the first half of 2008, totalling approximately Dhs1.4bn, an increase of over 200% compared to Dhs460m for the same period in 2007. The company has noted an increase in contributions from UAE youth and women from January to June 2008 by 124% and 130% respectively.
BBAC, RIA in money transfer tie up
The Bank of Beirut and the Arab Countries (BBAC) has exclusively partnered with RIA as its local correspondent for all money transfer operations. Owned by Euronet, RIA has 70,000 locations worldwide, 15,000 of which are in North America and 18,000 in Europe.
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