ArabianBusiness.com - Middle East Business News
Thursday, 20 November 2008 16:43 UAE time

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Lenders ramp up interest rates on home loans

Lenders ramp up interest rates on home loans

Personal Finance
Banks in the UAE increase mortgage rates by as much as 2.5% as cost of borrowing rises.

Amlak suspends new mortgage loans
Personal Finance
Dubai-based Islamic lender says move is temporary, may also need to access retail deposits.

RAK Bank tops UAE retail banking survey
Personal Finance
Winners and losers revealed in fourth annual survey by independent research group.

Western Union waives transfer fees to Yemen
Personal Finance
Saudi money transfers to flood-hit country will be free of charge until Nov 30.

more »MIDDLE EAST PERSONAL FINANCE COMMENT

The currency trap
I am yet to come across someone knowledgeable in economics who has not thought floating the region's local currencies it is an excellent idea.

Mishal Kanoo  

The rent nightmare
Paying up to a year's rent in advance goes against my principles, and can be financially crippling for tenants.

 Anil Bhoyrul

EDITOR'S CHOICE

  1. Amlak suspends new mortgage loans »
  2. Finance still most popular jobs sector: survey  »
  3. Premium air traffic in Mideast tumbles 14% »
  4. First Gulf in share buyback »
  5. Bollywood star chosen for 'Atlantis Goddess' role »

more » MIDDLE EAST MARKETS DATA

DFM

Last Price:

2,012.24

-40.91-1.99%

20 Nov 2008 09:59 GMT
(Market Closed)

ADX

Last Price:

2,833.55

-47.20-1.64%

20 Nov 2008 10:00 GMT
(Market Closed)

SSE

Last Price:

4,880.44

-89.52-1.80%

19 Nov 2008 12:30 GMT
(Market Closed)

CURRENCY CONVERTOR

more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

Banking & Finance

  1. RAK Bank tops UAE retail banking survey
  2. More banks curb lending to low wage earners

Construction & Industry

  1. Luxury hotel fitter expects to see Dubai slowdown
  2. Global crisis 'yet to seriously hit Gulf construction sector'

Culture & Society

  1. Pop star to give evidence in Bahrain lawsuit case
  2. Finance still most popular jobs sector: survey

Education

  1. UAE education chief reveals $2bn strategy
  2. Saudi hikes student allowance by 50%

Energy

  1. Oil price falls to below $53 on economic gloom
  2. Ras Al-Khaimah grants 25-yr oil concession

Healthcare

  1. Manslaughter charge doctor has licence suspended
  2. UK entrepreneur in Qatar biomedical venture

Islamic Finance

  1. ISDA to launch sharia-proof derivative standard
  2. Sukuk to recover in 2009 - BNP Paribas

Media & Marketing

  1. Cirque du Soleil returning to Dubai next year
  2. Emarat Al-Youm in dark over court ban

Personal Finance

  1. Lenders ramp up interest rates on home loans
  2. Amlak suspends new mortgage loans

Politics & Economics

  1. UAE pledges $550mn aid to Afghanistan
  2. Bahrain survey identifies skills shortage

Real Estate

  1. Sama Dubai reviews projects amid global crisis
  2. Developer puts new projects on hold amid global crisis

Retail

  1. Bin Hendi chief sees 20% fall in business
  2. Damas set to slow down 2009 expansion plans

Sport

  1. Determined UAE hold Iran to draw in World Cup qualifier
  2. Australia break Bahrain hearts in World Cup qualifier

Technology

  1. Software boost as ID card registration rush continues
  2. I-Mate not going under, CEO says

Transportation

  1. Super-tanker owners 'in negotiations' with pirates
  2. Abu Dhabi roads death rate 'twice UAE average'

Travel & Hospitality

  1. Luxury hotel fitter expects to see Dubai slowdown
  2. Bollywood star chosen for 'Atlantis Goddess' role

more »MIDDLE EAST BUSINESS EVENTS

UPCOMING EVENTS

  1. IFRS & US GAAP Courses in Dubai
    27 April 2008 | Dubai, United Arab Emirates
  2. Advanced Human Resource Management in the GCC (Distance Learning)
    14 September 2008 | Dubai, United Arab Emirates
  3. Effective Business Process Management (Distance Learning)
    14 September 2008 | Dubai, United Arab Emirates
See all events »

MORE PERSONAL FINANCE STORIES

  1. More banks curb lending to low wage earners
  2. AED25k a month salary to get loan with Lloyds
  3. UAE mortgage lending almost doubled in H1
  4. Bank introduces online Salik payments system
  5. HSBC: AED20,000 monthly salary needed to get loan
All Personal Finance news stories »

SPOT POLL

Following the temporary closure of Kuwait Stock Exchange, what do you think the future holds for Gulf markets?

Markets have reached a nadir and share values will now begin to recover.
Most sectors will soon recover but the real estate shares will suffer for some time to come.
The global financial crisis has only just arrived and markets are in for worse times ahead.
Many more companies will be forced to buy back shares in a bid to boost their value.
ArabianBusiness.com/Jobs - Middle East Jobs Search
  1. Credit and Collections
    Industry: Finance
    Location: Dubai, UAE
  2. Treasury Analyst
    Industry: Finance
    Location: Dubai, UAE
Browse all jobs »

MOST POPULAR PERSONAL FINANCE STORIES

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READER COMMENTS

  1. Amlak suspends new mortgage loans 2
    20 Nov ' 08 at 09:10
    Amlak's move is not surprising given that it does not do retail banking and relies on sourcing funds for lending. Overall there is a...  More »
  2. Lenders ramp up interest rates on home loans 2
    20 Nov ' 08 at 15:32
    Yet again during a crisis the banks are trying to make more money. To stimulate what is become a flagging housing market the rates...  More »
Read all user comments >

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