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

Economics IMF updates on Iraq economy

Recent macroeconomic developments have been broadly positive in Iraq. Economic growth in Iraq reached 8.4 per cent in 2012 and… read more