Two more banks increase their minimum salary rules.
Two of Dubai's largest banks have hiked the minimum salary required to get a personal loan amid the escalating financial crisis and growing concern over bad debt.
Emirates Bank International on Monday doubled the minimum monthly salary threshold to Dhs10,000 ($2,722) from Dhs5,000, citing the financial crisis.
Staff at the company, which is a subsidiary of the country’s largest bank by assets, Emirates NBD, said they had been told to process applications already in the pipeline, given that all the documentation required was provided.
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Warwick Dec 23, 2008 05:30 pm
Put it this way, I'm currently holidaying in Verbier, Switzerland, we went to the famous Farinet bar for a few cocktails and i found it pretty cheap compared to Dubai, and this is one of the worlds most exculsive resorts premier bars!!