Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- Al Etihad Credit Bureau ready for operational launch  Join our daily free Newsletter

MENAFN - Khaleej Times - 31/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN -Khaleej Times) the bureau?s official operational launch will take place once the bureau?s by-laws have been published in the official gazette

Following the completion of all necessary testing federal government company al etihad credit bureau the uae provider of credit reports is operationally ready and prepared to launch its services in line with government directives and the law.


However bureau’s official operational launch will take place once the bureau’s by-laws have been published in the official gazette.



Al etihad credit bureau has completed the final steps of its pre-operational phase including an intensive security audit of the system penetration testing and a complete system review. this will set a solid foundation for successful operation and ensure the efficient roll-out of the bureau’s services.


The bureau’s pre-launch phase also included signing agreements with all uae financial institutions for the submission of credit data to the bureau as well as securely connecting all uae retail banks to the al etihad credit bureau system.


Marwan ahmad lutfi ceo of al etihad credit bureau said: “bureau has completed all necessary preparations and is ready to go live with the new system and begin operations soon after the by-laws are made public in the official gazette.”


He continued: “al etihad credit bureau is striving to set a new global benchmark in the accuracy of credit data capture. this will support the bureau in its role to provide reliable and thorough credit reports that add significant value to the way risk is assessed in the uae financial industry.”


He said the twenty-three lending institutions which control approximately 90 per cent of the retail credit market according to data submitted to al etihad credit bureau during first quarter of the year have crossed the bureau’s credit data accuracy threshold of 93 per cent and provided information that exceeds international data quality standards.”


Al etihad credit bureau which was established under federal law in 2010 will continue to develop strong ties with its partners in the banking and financial sectors to maintain the high accuracy rate of data submission to the bureau. as per the law it will collect analyse and circulate credit information for the issuance of high quality reliable credit information reports in order to enhance the uae’s financial and regulatory infrastructure and improve its consumer credit profile on a global level.


— haseeb?khaleejtimes.com

 


Khaleej Times




  MENA News Headlines
 May 22 2015 - Arab info. ministers agree to promote culture of toleranceKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Arab information ministers' council concluded its 46th session on Thursday with a final statement stressing the important role of mass media in promoting the ...

 May 22 2015 - Kuwait, Peru eye closer diplomatic ties, cooperationKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Head of the Kuwait's fourth parliamentary friendship committee MP Yousef Al-Zalzalah met with President of the Congress of the Republic of Peru Ana Maria ...

 May 22 2015 - Kuwaiti-Moroccan ties based on shared values - OfficialKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Advisor to Kuwait's Amiri Diwan Mohammad Difullah Sharrar said his country and the Kingdom of Morocco share identical cultural and historical values that formed a ...

 May 22 2015 - Kuwaiti play wins gold at Free Theater FestivalKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Kuwaiti play 'Hawel Marrah Okhra' (Try Again) won the golden award of the 10th Free Theater Festival on Thursday evening.The silver and bronze medals went to ...

 May 22 2015 - Kuwaitis proud of nat'l pavilion at Expo Milan 2015Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The spouse of Kuwait's General Consul in Milan and North Italy, Abdul-Nasser Bou-khaddour, praised here role of the Kuwaiti pavilion organizers in Expo Milan ...

 May 22 2015 - Kuwaiti Jiu Jitsu team participates in West Asia tournamentKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's Brazilian Jiu Jitsu team will head to Beirut, Lebanon on Thursday to take part in the three-day West Asia tournament.The Kuwaiti team includes seven ...

 May 22 2015 - Kuwait ranks 4th at Fazza wheelchair basketball tourneyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's national team lost their last game to Morocco's 44-71 at the the Seventh Fazza International Wheelchair Basketball Tournament, Dubai 2015, Wednesday ...

 May 22 2015 - OCA cancels Sri Lanka's hosting of Asian Youth Games 2017Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) President of the Olympic Council of Asia (OCA) Sheikh Ahmad Al-Fahad Al-Sabah announced Thursday that the Council has withdrawn the 3rd Asian Youth Games in 2017 ...

 May 22 2015 - Chinese peacekeeping troops head for LebanonKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) A new batch of Chinese peacekeeping troops and a 30-member medical team left China for Lebanon Tuesday for peacekeeping mission, state-run China Central ...

 May 22 2015 - Seven airstrikes in Syria, 14 in Iraq target ISIL - coalitionKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Coalition military forces continued to attack ISIL, conducting seven airstrikes in Syria and 14 in Iraq, the Combined Joint Task Force announced on Tuesday."In ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help