Jan 03, 2013
Bounced cheques: Only the debts of Emiratis will be settled, clarifies the Higher Committee of the Nationals Defaulted Debts Settlement Fund. Read Article Fund will not pay the debts of UAE expatriates
Jan 08, 2013
Bounced cheques: For scam victim Jad Al Qubati, Sheikh Khalifa's decree to exempt Emiratis from prosecution over bounced cheques, and therefore avoid prison, has changed his life. Read Article UAE bounced cheque decree 'broke my chains of debt'
Jan 08, 2013
Without a credit bureau to check on loan practices, experts say unscrupulous lending practices will continue. Read Article Calls for loan checks and UAE credit bureau grow despite bad debt ruling
Feb 07, 2013
Bounced cheques: The number of cheques returned as invalid fell during 2012, as the UAE economy recovered strength and consumers deleveraged. Read Article Cheque defaults in UAE fall as economy brightens
Feb 11, 2013
Bounced cheques: HSBC warns that decriminalising security cheques could lead to a drop in bank lending if the Emirates does not press ahead with a federal credit bureau. Read Article UAE banks fear 'no jail for bounced cheques' and call for credit bureau
Feb 13, 2013
Bounced cheques: Banks urge sharing of internal credit scores with each other as the creation of a federal credit bureau moves closer to reality. Read Article Bank warns of hurdle to success of UAE credit bureau
Feb 13, 2013
The banking industry group plans to submit recommendations to the Central Bank on how the Government can do away with criminal penalties for bounced cheques. Read Article UAE banks to present plan on bounced cheques
Feb 28, 2013
Bounced cheques: The Central Bank is reviewing the number of Emirati borrowers who have defaulted on debts after a presidential decree immunised them from serving jail time for writing a bad security cheque. Read Article Central Bank reviewing extent of debt default of Emirati borrowers
Mar 05, 2013
Bounced cheques: The high failure rate of cheques in the country is not the fault of the cheques themselves, say banks and ATM vendors. Read Article UAE banks say cheque technology 'not at fault' for high failure rate
Mar 10, 2013
Survey compiled by Souqalmal.com says high living costs, the perception of being rich and little education on how to manage income and debt is contributing factor for lack of savings. Read Article No savings for one in three Emiratis and a fifth of UAE expats
