24 Jul 2013
(MENAFN) A study by Strategic Analysis targeting households showed that high debt rates in the UAE, indicating that the monthly income doesn’t meet the repayment obligations to 48% of the polled households, while 60% told that quarter or more of their salaries is allocated for paying debts, reported Arabian Business.
According to the study, UAE’s consumer debt amounted at USD95,000 per household, reserving 67 percent of the GCC total household debt.
It’s worth mentioning that loose conditions for loans and high interest rates on credit cards were the main reasons for increasing consumer debt, said Strategic Analysis.
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
29 Jul 2024
BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more