tag:blogger.com,1999:blog-6283845125208268798.post2777478939143512024..comments2024-03-27T11:21:40.742+04:00Comments on Muscat Confidential: Draconian debt laws in the UAE. A Tale of Warning - Part One.Undercover Dragonhttp://www.blogger.com/profile/10577931944980469254noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-6283845125208268798.post-4989451984031710442010-09-19T14:55:34.794+04:002010-09-19T14:55:34.794+04:00Do the banks not throw people in jail so they can ...Do the banks not throw people in jail so they can collect the money from the Insurance company? So is it correct to conclude that the Insurance companies are encouraging the banks to throw innocent people in jail?Rainnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-23834048265312898082010-08-24T21:09:49.306+04:002010-08-24T21:09:49.306+04:00How will Dubai be able to resolve their debt if th...How will Dubai be able to resolve their debt if they keep jailing people for minor debt. At least if you paying it should mean that you committed to pay off your debt. How on earth can you settle your debt over night if you have a family and having to pay rent, school fees and food. One has to be realistic and I do believe that the Bank should relook at their banking policy. Most people had a credit card shield but most companies asked their staff to sign a "Voluntary Seperation" letter. By signing this letter it proves that the company is not making you redundant but you volunteered to resign. If the staff did'nt sign the letter they would not get their money. This letter however, was not recognised by the bank so what was the use of paying credit card insurance. So bottom lineis they knew good and well what they did. The expate either has to pay or face jail and most chose to flee back to their home land.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-6310705235642803882010-05-31T09:18:33.774+04:002010-05-31T09:18:33.774+04:00I need help for my friend please... she was brough...I need help for my friend please... she was brought to Dubai by her company in February eventually due to the recession she was terminated. but before that she applied for an emirates credit card but wasn't able to get it since she was bound to leave the country... which she did... after a year she heard from a friend that she owed the bank 10000 DHS.. how could it be when she left before she has gotten the card... she thinks that this is fraud is be banned from entering Dubai or any GCC company or even Oman what is Omans policy about this??? please helpAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-83393089813707859082010-05-12T04:13:30.433+04:002010-05-12T04:13:30.433+04:00Can you leave UAE and get residency in another GCC...Can you leave UAE and get residency in another GCC County without canceling the uae residecy?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-53189620854408929872010-05-06T15:15:21.147+04:002010-05-06T15:15:21.147+04:00u r right friendu r right friendAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-368839372720503942010-04-02T00:35:16.457+04:002010-04-02T00:35:16.457+04:00What sort of moronic country or business wants to ...What sort of moronic country or business wants to jail debtors so they can't get a job and repay their debt? Even the mobster mentality understands 'the mark' must be free to earn in order to service the debt. <br /><br />Such a typicaly 'muddle' eastern response to a crisis - shaft the individual (excluding those with sufficient waaster to keep themselves safe). Don't try to find a solution that keeps the money coming in, oh no, that wouldn't send a message at all.<br /><br />Definitely decided (in favour of the west....)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-41721859671539634902010-04-01T22:51:04.012+04:002010-04-01T22:51:04.012+04:00Nice article and very accurate. By the way forgot ...Nice article and very accurate. By the way forgot to mention that Banking Ethics here are also unique and totally different from rest of the world. What you also forgot to mention that 39 years ago they were nothing with nothing and the so called locals or national of Dubai today use to own small businesses in the souqs and most of them are of non-arab origins. Of course many of them Arabcised their names by adding Al before their family surnames but at homethey speak their mother tongues - Farsi, Hindi or Urdu. So what did people expect from a nation that went from rags to riches overnight literally with little or limited education, a pot pourri mixture of non-arabic Cultures trying hard to invent themselves at any cost and trying to be what they are not.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-21376244565750454782010-04-01T17:45:06.104+04:002010-04-01T17:45:06.104+04:00very good articlevery good articleloadhttp://loan.boardthai.cz.cc/noreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-11582505795020723122010-04-01T09:06:49.914+04:002010-04-01T09:06:49.914+04:00Nice article Dragon...atleast after reading this p...Nice article Dragon...atleast after reading this people will be more cautious abt borrowing from banks....and we can hope that the govt(Govt of UAE and also the Govt of the country to which the expat belong) will realise their mistake and do something to help the people....RENJITHhttps://www.blogger.com/profile/06192868115026549693noreply@blogger.com