The Asian Banker reports that the UAE has finally launched its first combined credit bureau.  It is a timely development because debt levels are reportedly on the rise and the size of personal loans last year rose 13.2 percent. 

 Background: In September 2006 the UAE Department of Economic Development (DED) had announced that it had signed an agreement with UAE based Dun & Bradstreet SAME, to set up a credit bureau that meets the highest international standards.

Source:  Press release: UAE Department of Economic Development September 1, 2006

BIIA Newsletter January – 2007 Issue