"The UAE’s new credit bureau expects borrowing costs to fall by more than 30 per cent once its credit reporting system is in full swing.
“According to the statistics compiled from the World Bank and International Financial Corporation, hopefully we will see at least a 30 per cent reduction in a very short time,” said Younis Al Khouri, the bureau’s vice-chairman and undersecretary of the Ministry of Finance.
A hiring spree is under way at the Al Etihad Credit Bureau, which is set to begin efforts to provide data about individual debtors in July."
'via Blog this'
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