Central Bank tightens lending rules

Business

Central Bank tightens lending rules

ABU DHABI — The Central Bank of the UAE on Sunday introduced new retail banking rules to clamp down on excessive lending and high services fees. The new legislation covers personal and car loans provided to customers, according to a statement.

Business11 years ago

Balochs remember balladeer Kamalan

AJMAN — The Baloch expatriate community in the UAE last week remembered its legendry folklore balladeer Mulla Kamalan, who earned the Pride of Performance by the Khatami Government in Iran and citizenship in early 1960s from the Oman Government.

11 years ago

Business

Emirati designs, develops high-performance pistol

ABU DHABI — A young Emirati engineer has designed and developed a high-performance pistol for Abu Dhabi’s leading small arms manufacturer Caracal. The new hammer type pistol was unveiled at the 10th International Defence Exhibition and Conference (IDEX 2011) in the capital.

Business11 years ago

Business

Disaster management facility underway

ABU DHABI - One of the world’s largest disaster management cities is being built in Abu Dhabi to ensure the country’s communities, assets and infrastructure are well protected against any type of catastrophe.

Business11 years ago

Business

UAE order for Airbus carrier on target

ABU DHABI - The UAE will receive the first of its three ordered A330 MRTT (Multi-Role Tanker Transport) military aircraft by the end of the year, a top official from European manufacturer Airbus told reporters on the sidelines of the 10th International Defence Exhibition and Conference on Monday.

Business11 years ago

‘IDEX provides UAE international prominence’

Business

‘IDEX provides UAE international prominence’

ABU DHABI - His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Sunday said the rich knowledge and credible experience in organising events such IDEX has earned UAE an international prominence as the most favourite destination among investors.

Business11 years ago