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
 Oct 25 2014 - Qatar- QSL: El Jaish face Al Gharafa todayThe Peninsula
(MENAFN - The Peninsula) Third-placed El Jaish will seek to narrow the gap between them and two higher placed rivals - Lekhwiya and Al Sadd € when they take on Al Gharafa in the ninth round match of ...

 Oct 25 2014 - Somalia- Mogadishu port on development pathThe Peninsula
(MENAFN - The Peninsula) Camels are prepared for export at the loading dock at the seaport in Mogadishu. The Somali government's grand vision for Mogadishu port under its new Turkish managers sees ...

 Oct 25 2014 - Saudi Shias protest death sentencesThe Peninsula
(MENAFN - The Peninsula) More than 100 people protested in eastern Saudi Arabia yesterday to oppose death sentences against a Shia religious leader and seven others convicted after earlier ...

 Oct 25 2014 - Palestine defies US, issues statehood ultimatumThe Peninsula
(MENAFN - The Peninsula) Palestine's chief peace negotiator has laid out in the clearest terms yet plans to establish an independent Palestinian state within three years, even if it means ignoring ...

 Oct 25 2014 - Police kill six militants ahead of key Tunisian pollThe Peninsula
(MENAFN - The Peninsula) Tunisian police killed six suspected militants, five of them women, in a raid on a suburban house yesterday after a 28-hour standoff, fanning tensions ahead of a landmark ...

 Oct 25 2014 - US looking into possible chlorine gas attack in Iraq: KerryThe Peninsula
(MENAFN - The Peninsula) The United States is looking into reports that Islamic State fighters used chlorine gas against Iraqi security forces, US Secretary of State John Kerry said yesterday.Kerry, ...

 Oct 25 2014 - Qatar- Ooredoo marathon offers QR1m prizesThe Peninsula
(MENAFN - The Peninsula) Registration for Ooredoo Doha Marathon 2015 is open, as the company begins preparations to ensure its biggest event yet on January 9.It will provide an opportunity to meet ...

 Oct 25 2014 - Qatar-Kerala Inter District Football Tournament beginsThe Peninsula
(MENAFN - The Peninsula) Officials and guests at the opening of the 8th Qatar-Kerala Inter District Football Tournament 2014 at Doha Stadium yesterday. ...

 Oct 25 2014 - Qatar- ICBF elects new office-bearersThe Peninsula
(MENAFN - The Peninsula) Arvind Patil Shivamurthy is the new President of Indian Community Benevolent Forum (ICBF).He defeated Mohamed Habib-Un-Nabi and Clarence Joseph in a triangular election ...

 Oct 25 2014 - Organisation of Russian Compatriots in Qatar lines up activities for 2015The Peninsula
(MENAFN - The Peninsula) The first conference of Organisation of Russian Compatriots in Qatar yesterday at Diplomatic Club witnessed the official start of activities of its newly-established ...

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