Pavel Durov said measures were taken immediately to stop 'a flurry of unknown users posting messages appearing to call for violence'
Doing Business 2008 constructs indicators of the legal rights of borrowers and lenders and the sharing of credit information. The set of indicators describes how well collateral and bankruptcy laws facilitate lending. The indicators also measure the coverage, scope, quality and accessibility of credit information available through public and private credit registries. The chamber stated that where good quality credit information is available and legal rights are stronger, more credit is extended.
The bulletin called for wide ranging and specific reforms of 15 credit areas including the distribution of credit data on both firms and individuals, distribution of both positive and negative credit data, distribution of credit information from retailers, trade creditors, utility companies and financial institutions, distribution of historical credit information that date back more than 2 years, and the distribution of data on all loans below 1per cent of income per capita.
The chamber added that it is currently conducting a study on the supply and demand side of the Dubai credit market. It added that the study would make "concrete reform recommendations to improve UAE position/rank in the credit market:".
Analysts stated that accurate credit information would assist banks and financial intuitions to make quality-lending decisions and prevent 'credit black spots' particularly in an economy with a high real-estate exposure. Some UAE bankers have recently expressed concern that some lenders are placing profits before responsible lending particularly to UAE Nationals.
mark_townsend@khaleejtimes.com
Pavel Durov said measures were taken immediately to stop 'a flurry of unknown users posting messages appearing to call for violence'
Motorists have been advised to drive carefully and abide by traffic rules and regulations
Right education methodologies at the grass root level, exposes students to technologies that will impact them in their growing years
Innovation, digital transformation will pave the way for more large-scale crypto deals in future
Financial sector will continue to play a pivotal role in accelerating the UAE’s gross domestic product by attracting foreign investment and offering promising business opportunities to investors
The market, which is expected to post over Dh100 billion in sales through more than 30,000 transactions in first quarter, will sustain steady increase in transactions and prices throughout the year
She was shopping in Hong Kong, where she was on vacation with her family, when someone spotted her and asked if she'd like to become a model.
After the October 7 attacks, Israel imposed a complete siege on Gaza, blocking food, water and medicine, before eventually allowing some deliveries