Quotes: US 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
 Sep 19 2014 - Iran slammed for Syria-Iraq chaosArab News
(MENAFN - Arab News) Leaders from various Arab countries participating in a conference entitled 'Arabian Gulf and Regional Challenges which concluded here on Wednesday urged nations to unify to help ...

 Sep 19 2014 - Doha doesn't back extremists: EmirArab News
(MENAFN - Arab News) BERLIN: Qatar's emir said in Germany on Wednesday that his state does not back 'terrorist organizations' and Chancellor Angela Merkel said she had no reason to doubt him.The ...

 Sep 19 2014 - Imaginative septuagenarian boats vehicle to tiny islandArab News
(MENAFN - Arab News) A 70-year-old man sailed across an 8-km span of sea with a truck on board two boats that were tied together.Ali Suhail took his Toyota Hilux from the Farasan Island to Qimah ...

 Sep 19 2014 - Forced evacuations as Philippine volcano spews lavaArab News
(MENAFN - Arab News) LEGAZPI Philippines: Lava cascaded down the Philippines' most active volcano on Wednesday as authorities rushed to evacuate thousands ahead of a possible deadly eruption.Mostly ...

 Sep 19 2014 - Blind Saudi sculptor to exhibit work in UKArab News
(MENAFN - Arab News) A student with a visual disability has been selected to exhibit her work at an international event in the United Kingdom.Zahra Al-Dhamen a Saudi media student at King Saud ...

 Sep 19 2014 - Saudi- Water levels rise due to heavy rain in AsirArab News
(MENAFN - Arab News) Heavy rainfall in the Asir region Tuesday evening covered a number of towns and population centers.The Civil Defense Department in Asir sent safety patrols to several locations ...

 Sep 19 2014 - Saudi- Big Madinah push for SMEsArab News
(MENAFN - Arab News) Madinah Gov. Prince Faisal bin Salman Monday launched a massive program to boost small and medium enterprises (SME) in the region as part of a plan to boost the national ...

 Sep 19 2014 - Saudi- Cop killer duo handed deathArab News
(MENAFN - Arab News) A court sentenced two terror suspects to death on Tuesday for jointly murdering a policeman and injuring 12 others in an armed confrontation with security men at the residential ...

 Sep 19 2014 - Changing Pakistan: Tardy MPs thrown off jetArab News
(MENAFN - Arab News) ISLAMABAD: Angry Pakistani passengers have forced two lawmakers off a plane for delaying its departure by almost two hours. A video covering the drama was posted online.Irate ...

 Sep 19 2014 - Saudi- Technology forum begins at KACSTArab News
(MENAFN - Arab News) The 3rd Advanced Technologies Forum 2014 kicked off on Tuesday at the King Abdulaziz City for Science & Technology (KACST) under the patronage of Custodian of the Two Holy ...

more...


 






Google

Click to Apply

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help