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.
Mega Dhs10 billion community being built on the Dubai border
14,408 homes are being constructed at Alghadeer
Dubai transit rule change means connecting tourists can leave airport
Get out and explore Dubai instead of waiting in the lounge
New waterpark opening at Dubai’s La Mer
The waterpark will feature waterslides, a wave machine and a lazy river
Pay with your Nol card in 5,000 locations across Dubai
It can be used in a range of restaurants, cafés and to buy petrol
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!!