Please wait...
GulfBase Live Support
- Emirates orders 65 more Boeing 777X planes despite delays
- Qatar records 59.95mn payment system transactions valued at QR18.47bn in October: QCB
- External factors drag QSE sentiments as index falls 46 points
- "We have it almost at the sweet spot," says President Trump on US inflation
- QNB becomes first Qatari bank to launch Mastercard virtual card numbers for corporate clients
- Abu Dhabi's ADIA to Sell 5% Stake in Qatar Telco Ooredoo
- MDO, JSW Group sign deal for RO204mn South Minerals Project
- Abu Dhabi Infrastructure Summit puts spotlight on $55bn projects
- Monolith Arabia unveils $1.87bn Saudi real estate pipeline
- UDC wins 3 major awards at Middle East Enterprise AI & Analytics Summit 2025
18/11/2025 03:22 AST
The Central Bank of the UAE (CBUAE) has instructed banks to abolish the long-standing minimum salary requirement for obtaining personal loans, a threshold that had typically been set at Dh5,000 across most banks for many years.
Under the new directive, each bank will determine its own salary criteria according to internal policies, allowing low-income earners greater access to financial services, including "cash on demand".
The change will enable all residents - particularly young people, low-wage earners, and labourers - to open bank accounts in the UAE. These accounts will be linked to the Central Bank's Wage Protection System (WPS), allowing banks to automatically deduct instalments from the salaries of blue-collar workers and other low-income borrowers as soon as their monthly wages are transferred.
The initiative is part of a broader push to expand financial inclusion nationwide and ensure that everyone in the UAE has access to safe, regulated banking services.
Gulfnews
| Ticker | Price | Volume |
|---|
18/11/2025
Emirates, the Middle East's biggest airline, topped up its order of Boeing 777X planes on Monday despite years of delays, delivering a vote of confidence to the US manufacturer at the Dubai Airshow.
AFP
18/11/2025
Indicating the increased use of electronic means in the financial sector, Qatar saw a total of 59.95mn transactions valued at QR18.47bn through the country's payment system in October 2025 as the dom
Gulf Times
18/11/2025
The Abu Dhabi Investment Authority will sell 160.5 million of its existing shares in Qatari telecommunications company Ooredoo, around half of its shareholding, in a secondary share offering, Ooredoo
Asharq Al Awsat
18/11/2025
Minerals Development Oman (MDO) on Monday announced the signing of shareholder agreements with India's JSW Group, making it a key partner in the South Minerals Project - one of the most promising ve
Muscat Daily
18/11/2025
The UAE-Türkiye session of the international roadshow for the Abu Dhabi Infrastructure Summit (ADIS) here showcased over $55 billion worth of major Abu Dhabi projects, highlighting the emirate's comm
Trade Arabia
Financial Information Co.
Saudi Arabia