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.
Expert comment on how VAT fees coming in 2018 will affect cost of living in Dubai
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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!!