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FINANCIAL NEWS
UAE personal loans climb to 7.5pct
19 Aug 2016
(MENAFN) Unpaid credit card balances, car loans and other forms of personal borrowings will increase in the UAE, with total debt levels growing by 7.5pct in 2015.
Furthermore, the average resident in the nation recently carries a debt burden worth Dh42.600b, as the whole amount of personal loans reached Dh430bn.
Meanwhile, employment chances are still limited and reports of job reductions are not completely settled.
The high cost of hosuing and rising education and utility bills remain their biggest concerns.
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