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Latest news from Qatar
bank loan
One of my colleague is working in a reputed company in Qatar last 2 years and terminated from the job. He took Bank loan 1 year back and paying back monthly without any dues. If he didn't get the job in Qatar, Can he work in another country.? Insurance can do anything in this regard..? what action will take from the Bank.?
Please give a valuable suggestions...

Hi, can anyone advice me if its possible to change the account connected to a bank loan to different account from abroad bank? so that i can keep paying the loan from my home country?
thanks in advance.

ive been out from for vacation leave for a month but since our company was hit by the recent crisis,they was not able to recall me for a period of 5 months,instead i tried to look for another job placement,and i found one in dubai.which is im now here..prior to my vcation i made a bank loan in doha and i was not able to pay it for a period of 5months,my question is,since im working here now in dubai,i may not be coming back to doha.what would be the worse consequences if i cant settle my accounts in qatar..thanks

my friend had bank loan,he went for vacation,unfortunately he cannot come back,he is ready to pay ,he sent mail to bank,but no reply,3 months over, how is the way to continue the monthly installment from india, thanks for reply

I have a bank loan to be settled. But if the company terminates my contract and refuses to give me NOC letter, then what can I do? Can I get out of the country? please advise.

Hi,
I like to get some advice from all of Qatar Living frieds. I been in Qatar four years. I was three years work with the first sponsor and change to second sponsor. Unfotunatly, I was not success in business with my second sponsor. Than my sponsor and me decided not to do business anymore. He ask me to back to my country. But I was bought one car from commercial back by bank loan. He said that the will take care about my car and he canceled my ID. I am force to deport, But when I arrived in Airport I can't exit from Qatar coz of my bank was blocked my exit.

Cheques begin to bounce in Dubai ..
By britexpat on Sat, 01/08/2009 - 2:27pmExpatriate residents in the Gulf state struggle as the economy slows.
Blank cheques are used to underwrite financial arrangements, such as credit cards, in Dubai, guaranteeing future payments such as a rental agreement or bank loan.
This system arose in the United Arab Emirates (UAE), which includes Dubai, because of the difficulty of doing credit checks on foreign workers. As many of these workers have now lost their jobs in the recession, the number of bounced cheques has risen.
The penalty for failing to honour a cheque is severe and some people have ended up in jail. Dubai’s police chief said this year that about one fifth of all prisoners in the emirate were there because of bounced cheques. Most of these are likely to be foreign workers.
Hi, my frined has car from bank loan. But register was finished. But up to date payment. If somone like to take over his loan, how they way he can transfer. His bank will help him or not??? Due to his RP was cancelled by his sponsor he can't renew his car lincese and can't leave from Qatar
Pls hlep to get the way to transfer his car???

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