For any mid-corporate or SME in the UAE struggling with debt, things can get pretty challenging. Several questions float in the minds of such companies. For example, when do they become eligible for b...
People in debt have many questions and doubts about getting freedom from debt. Things get particularly difficult when incomes are affected, as is the case with COVID-19-related job losses or pay cuts....
While the UAE economy is recovering from COVID-19, it will be a while before the economy reaches pre-COVID levels. According to the Federal Competitiveness and Statistics Centre, the UAE’s economy shr...
COVID-19 has brought unpleasant surprises to many. People who were always diligent with their home loan repayments face the risk of defaulting on their mortgage dues. Affected individuals must deal wi...
COVID-19 has put many in an unexpected spot. Many people with otherwise respectable financial records now have to face the uncomfortable reality of missed mortgage payments and legal actions by their ...
According to a study by Oxford Economics, the COVID-19 pandemic is likely to force 10% of UAE’s expat residences to leave the country. While this will be a hard time for everyone, those with a mortgag...
Most people take a mortgage loan with the intent of paying it off fully and taking possession of their property. However, there are scenarios when the repayment of a mortgage loan becomes difficult. F...
The past few months have been the best time for those looking to refinance their mortgages. The UAE’s Central Bank has taken a lot of measures to help banks deal with the economic shock from COVID-19....
The impact of COVID-19 on the UAE’s economy is real. According to Oxford Economics’ estimates, UAE can lose 900,000 jobs and see 10% of its residents leave the country. Many of those who are fortunate...
[vc_row][vc_column][vc_column_text]The year 2020 was financially difficult for a lot of people due to job losses and pay cuts. According to the World Bank, UAE’s economy had contracted by 6.3% in 2020...