Thursday 13, November 2008 by Isla MacFarlane

UAE bank suspends credit for expat staff of real estate companies

The global financial crisis has darkened the doorstep of the UAE property market, as Emirates NBD, the largest bank in the UAE by market value, stopped lending to expatriate employees of leading real estate companies in the region on fears of further job losses in the sector.

Features & Analyses

Consumer Banking Commitment to the people

Banker Middle East’s Retail Banker of the Year, Hamed Fayez, Senior Executive Vice President, Head of Retail Banking Group at… read more