Credit Bureau Launched in the United Aarab Emirates

Posted by Joachim Bartels | Dec 1, 2010 | Company, Country, Credit Information, Dun & Bradstreet, Industry, Newsletters, UAE | 0 |

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

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.