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The Debt Panel: I am drowning in Dh425,000 of debt and have fallen behind in my repayments

Personal loan: Outstanding balance is approximately Dh364,470 and monthly payments of Dh9,850 Credit card 1: Outstanding balance is Dh14,995 and a minimum monthly payment of Dh1,000 Credit card 2: Outstanding balance of Dh35,373 and a minimum monthly payment of Dh3,500 Credit card 3: Outstanding balance of Dh10,500 the bank is taking Dh1,750 per month I have requested the banks to reduce my monthly instalments as they total Dh16,100 a month, but they are ignoring my requests. I have started missing payments and they are threatening legal action. Now that my salary is Dh16,500, I can afford to pay a total of Dh6,000 towards all of my debts, which would allow me to continue to support my family and pay for my living expenses in the UAE.

United arab emiratesCarol glynnSteve croninCentral bank consumer protection departmentCentral bankTargeted economic support schemeConscious financeConsumer protection departmentஒன்றுபட்டது அரபு அமீரகங்கள்கரோல் க்ளின்ஸ்டீவ் குரோனின்மைய வங்கி நுகர்வோர் ப்ரொடெக்ஶந் துறைமைய வங்கிஇலக்கு பொருளாதார ஆதரவு திட்டம்உணர்வு நிதிநுகர்வோர் ப்ரொடெக்ஶந் துறை

The Effect of Rising Oil Prices, COVID Vaccine Positive News On MENA Economies

The Effect of Rising Oil Prices, COVID Vaccine Positive News On MENA Economies Published December 13th, 2020 - 07:00 GMT Crude prices expected to hit $60 by the end of December. (Shutterstock) The positive news on Covid-19 vaccines in recent days has helped to lift the near-term outlook for the Mena region, including oil-exporting GCC countries, as oil prices continue to move upward, economists and energy analysts say. “For Gulf countries, oil prices have picked up with Brent reaching its highest level since March and we think the rebound has further to run. This will boost oil exports, narrow current account deficits and should alleviate any lingering concerns that dollar pegs will be abandoned,” said William Jackson, chief emerging markets economist at Capital Economics.

Saudi arabiaUnited arab emiratesAbu dhabi commercial bankUnited statesMonica malikJames swanstonFlorence eid oakdenNorth africanWest texas intermediateCapital economicsTargeted economic support schemeFocus economicsArabia monitorசவுதி அரேபியாஒன்றுபட்டது அரபு அமீரகங்கள்ஒன்றுபட்டது மாநிலங்களில்

UAE s non-oil GDP to grow 3 6% by end 2021

UAE’s non-oil GDP to grow 3.6% by end 2021 The UAE has rolled out economic support packages worth more than Dh388bn to mitigate the impact of the pandemic by Zainab Mansoor December 13, 2020 The UAE’s non-oil GDP is expected to grow by 3.6 per cent by the end of 2021, the Central Bank of the UAE (CBUAE) has estimated. In the wake of the Covid-19 pandemic, the total value of economic support in the form of packages and incentives has crossed Dhs388bn, contributing to business continuity, commercial activities and the ability to grow in vital sectors, official news agency WAM reported.

Saif hadef al shamsiAl shamsiTouq al marriCentral bankAbdulla bin touq al marriTargeted economic support schemeHadef al shamsiComprehensive economic support schemeஅல் ஷாம்ஸிமைய வங்கிஇலக்கு பொருளாதார ஆதரவு திட்டம்விரிவான பொருளாதார ஆதரவு திட்டம்

UAE has rolled out Dh388bn in economic support since pandemic began

UAE has rolled out Dh388bn in economic support since pandemic began
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Saif al shamsiInternational monetary fundCentral bankTargeted economic support schemeசைஃப் அல் ஷாம்ஸிசர்வதேச பண நிதிமைய வங்கிஇலக்கு பொருளாதார ஆதரவு திட்டம்

Rising oil prices, COVID-19 vaccine progress bode well for MENA economies

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Saudi arabiaUnited arab emiratesKhaleej timesAbu dhabi commercial bankUnited statesMonica malikJames swanstonWilliam jacksonFlorence eid oakdenSyndigate media incNorth africanWest texas intermediateCapital economicsTargeted economic support schemeFocus economicsArabia monitor