AME Info News - Personal FinancePersonal Finance latest news and featuresUAE to India remittance soars- June 30, 2008 Bank of Baroda (BoB) has said that its foreign exchange remittances to India from BoB's UAE operations witnessed an almost threefold increase in 2007-2008, compared to the previous year, Gulf News has reported. The bank has requested the UAE Central Bank to allow the reopening of its branches in Fujairah and Umm Al Quwain that were closed in 1987, citing booming opportunities. The bank has now around 100,000 customers throughout the UAE. AMEInfo.comhttp://www.ameinfo.com/161968.html UAE personal loans up 11%- June 29, 2008 According to a report from the UAE Central Bank, personal loans rose 11% in three months, reaching Dhs48.4bn during the first quarter of 2008 and up from Dhs43.5bn at the end of 2007, Gulf News has reported. The report recommends the lowering of personal loan ceilings, as some banks have been noted as giving loans worth up to 50 times salary amounts. AMEInfo.comhttp://www.ameinfo.com/161834.html |