AME Info News - Personal Finance

Personal Finance section / feed discontinued

Fri, 17 Oct 2008 04:55:00 GMT

The AME Info Personal Finance section / RSS feed has now been discontinued. The content has been moved to the Banking section (www.ameinfo.com/banking).

RSS users please go to www.ameinfo.com/rss to subscribe to the new feed. [AMEInfo.com]

New credit card offers discounts for shoppers

Thu, 16 Oct 2008 04:31:00 GMT

Majid Al Futtaim Group has partnered with two Japanese firms to launch a new credit card in the UAE that offers shoppers discounts at some retail outlets. Customers who sign up for the new Najm JCB card will receive discounts as high as 50% at Carrefour; 20% at MAF-owned fashion stores; 25% at Ski Dubai, and 20% at the Kempinski Hotel at the Mall of the Emirates. Shoppers can also take advantage of one to two per cent cash back on purchases at different store outlets, reported Gulf News.

[AMEInfo.com]

Royale Mastercard wins award

Wed, 15 Oct 2008 06:16:00 GMT

Dubai First, the consumer finance company of Dubai Group, has announced that its Royale MasterCard has been awarded the 'Best Premium Programme - Credit Award' by MasterCard Worldwide. The Royale is the only credit card in the region embedded with a certified diamond set within a distinctive metal crest and is available by invitation only. It offers unique services and benefits such as a Personal Relationship Manager and a Lifestyle Manager who provide support to every lifestyle aspect, from booking jets to arranging invitations to exclusive openings around the world, according to a press statement.

[AMEInfo.com]

Gold gains appeal as alternative asset

Tue, 14 Oct 2008 05:32:00 GMT

A US decision to flood the financial system with unlimited dollars has fueled concern inflation may rise and boosted gold's appeal as an alternative asset, reported Bloomberg. The Federal Reserve yesterday led a push by central banks to inject the financial system with as many dollars as banks want, backing up government efforts to revive confidence and helping to reduce money-market rates. Bullion for immediate delivery jumped as much as $18.67, or 2.2%, to $851.72 an ounce before trading at $850.67 at 9:51 a.m. in Singapore. [AMEInfo.com]