Your Credit in the UAE: It's Up for a Check!
Living on credit in the UAE? You need to know about this. The UAE is set to roll out a platform allowing financial institutions to check consumers’ creditworthiness before lending to them.
Al Etihad Credit Bureau (AECB), a federal government company that specialises in providing UAE-based credit reports and other financial information, announced on 7 January that it will start operation by the end of March 2014.
All UAE-based banks have been approached to sign agreements and provide credit information to AECB by the end of January.
So now's the time to clean up your act if you've been going a bit crazy with the credit cards. And here's some help with that