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Loans, credit cards: How banks deal with US Fed rate hikes for UAE businesses, consumers
Some UAE banks have introduced marginal increases to interest rates on outstanding balances and on financial charges for credit cards, said Anita Yadav, the CEO of Global Credit Advisory. Monthly rates on balances have gone up from 2.5-3 per cent in 2022 to 3.25-3.85 per cent. “Banks may…
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