Loan Options Increase In Line With Vehicle Sales

Following the Dubai Chamber of Commerce and Industry's report, which suggests that car sales in the UAE will rise 5% in 2010 despite the introduction of the Metro transit system, the options for funding vehicle sales are also growing. The UAE is a more credit-oriented market than some of its neighbours and has reacted to the global economic slowdown accordingly, with BMI forecasting a 5% decline in vehicle sales in 2009, compared to a 3.5% increase in Saudi Arabia where cash purchases are more common. However, there are signs that bank liquidity is improving and this should bolster sales in

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