Special Features


Emcredit

Since its establishment in 2006, Emcredit, the UAE’s pioneer information services company, has adopted the highest credit reporting standards. Today, Emcredit holds 30 per cent coverage of banking data, 9 million consumer identification records, and payment behaviour information on consumer and commercial borrowers.

Emcredit provides a range of comprehensive, accurate and timely information solutions, such as credit bureau services, cheque-honouring reports, business background reports and other risk-assessment tools.

The company has established data-sharing agreements with a range of government departments to empower its information solutions, including the Abu Dhabi Department of Economic Development, Dubai e-Government, Dubai Police, Dubai Department of Economic Development, Dubai Land Department and its subsidiary, the Real Estate Regulatory Authority.

Emcredit has more than 20 banking and non-banking members that benefit from its services. Emcredit also has built a robust technical infrastructure, and has developed a number of credit reporting services for both the banking and non-banking sectors.

In the World Bank "Doing Business Report 2009," Emcredit was instrumental in raising the UAE’s rank from 116 to 68, an increase of 48 places in the "Getting Credit" criteria. This resulted in an improvement of the UAE’s rank by eight places, from 54 to 46, in the overall "Ease of Doing Business" rankings. In its latest UAE report regarding ease of Doing Business in the UAE, and as part of its recommendations in the Getting Credit criteria, the World Bank highlighted Emcredit’s several operational and infrastructure elements that meet international standards.

Emcredit was also a founding member of the first Middle East credit reporting association, MECRA, established in Dubai in November 2009. MECRA was licensed by the Dubai Department of Economic Development as a non-profit organization with the objective of promoting credit reporting in the region.

The company plans to develop and launch new reporting services in the coming term, including reporting services on commercial payment behaviour, services that allow individuals to review and manage their own credit profiles and credit scores that predict the borrower’s future payment behaviour and creditworthiness.



View Special Features by Category
Airlines & Airports
Art & Gallery
Banks & Financial sector
Business
Car Industry
Construction
Dubai Government
Dubai Metro
E-Guides
Eco-Friendly
Education & Institutions
Electronics
Entertainment
Events & Occassions
Exhibition Center
Family Shows
Food & Beverages
Free Zones
Golf Clubs
Government Departments
Health & Fitness
History & Culture
Home/Furnishing/Interiors
Hospitals & Clinics
Hotels & Hospitality
Identity cards
Internet Services
Media & News
Mortgage
Music
Online Food Service
Online Store
Organisations
Other
Other Emirates
Parks & Beaches
Precious Metals
Real Estate & Property
Religion & Culture
Resorts & Clubs
Restaurants
Shopping Malls
Spas
Special Centres, Groups & Communities
Sports & Events
Sports Bars
Technology
Things To Do
Trade Fair
Travel & Leisure
UAE Market News
VIP Services
Wedding Planners

Back to top


We accept guest posts. Contact us now!
Interesting Links

www.dubairestaurantsguide.com
Bayzat - Health Insurance UAE
Corporate Gifts
Middle East News

GuestPosts