Sunday 20 April 2014
 
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Chinese men at centre of major Bahrain ATM fraud

Three Chinese men are allegedly at the centre of a major credit card fraud racket in Bahrain.   They allegedly stole private details of bank customers, who withdrew cash from ATM machines across Bahrain, and uplo

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Batelco launches double credit promotion

Batelco, Bahrain’s leading mobile services provider, is offering its SimSim customers the opportunity to get double credit when refilling. Customers can refill with BD3 to get BD6 credit, BD4 to get BD8 credit or BD5 to get

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Credit card thief jailed in Bahrain

A Saudi Arabian man who targeted Asians to steal credit cards has been jailed for five years. The 41-year-old was caught after approaching an Indian victim pretending to help him withdraw cash from an ATM machine at a mall in Nuwa

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UAE officials attend credit bureau workshops

More than 180 representatives from 42 financial and banking institutions in the UAE attended a series of technical and awareness workshop sessions in Abu Dhabi recently. The sessions were conducted by Al Etihad Credit Bureau, a UA

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S&P upgrades Emaar corporate credit ratings

The long-term corporate credit rating on Emaar Properties, a leading developer, has been upgraded by Standard & Poor’s Rating Services to ‘BBB-’ from ‘BB+’ with a stable outlook. The rating reflec

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BMI, Muharraq SC launch co-branded credit card

Bahraini retail and commercial banking institution BMI Bank has signed a deal with Muharraq Sports Club and Mastercard, to launch an exclusive co-branded credit card. Muharraq SC, founded in 1928, has a rich history of sport victo

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Kuwait CFC launches new campaign

Commercial Facilities Company (CFC), a Kuwaiti provider of instalment credit facilities, has launched its new campaign ‘Hesbatna Al Jadida.' The campaign offers customers a variety of distinctive financing loans to buy n

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Turkey targets credit cards to cut C/A gap

Turkey introduced measures on Wednesday to try to control rampant consumer loan growth and lift its domestic savings rate from historic lows, another front in its battle to reduce a gaping current account deficit. The regulations

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Ireland eyes $13.2bn credit

Ireland will seek a 10 billion euro ($13.2 billion) precautionary credit line to insulate it against possible market shocks when its bailout expires at the end of this year, Finance Minister Michael Noonan said. For the first time

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Saudi bank deposits hit $326bn in Q1

The total value of deposits made at Saudi Arabian banks reached a new record of SR1.36 trillion ($362 billion) by the end of first quarter of 2013, a report said. Customer deposits at the National Commercial Bank (NCB) reached SR2

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