Dubai, 13 February 2011: Dubai First, one of the UAE’s leading consumer finance firms announced today that it has introduced ‘First Guarantee’, a product targeted at large, medium and small enterprises, to facilitate the process of labour guarantee issuance on work permits to the Ministry of Labour. The procedure has a quick turnaround time, is free of processing charges, and the establishments benefit from earning an interest of up to 3.5% on their deposits.

A requirement by the Federal Government of the UAE for registering work permits, this service facilitates the approval process for institutions dealing with the Ministry of Labour, and is also designed to streamline procedures for customers accessing Federal Government financial services.

Mr. Ibrahim Al Ansari, CEO, Dubai First said, “We are pleased to be working alongside the Federal Government on this initiative, to facilitate government procedures for existing and newly established corporations. The launch of First Guarantee is in line with Dubai First’s strategy to provide sustainable and long-term services for its corporate clients, and in turn contribute to the growth of the overall sector”.