Press Releases • Jan 17, 2019 12:41 GMT
Economic forecasts in the UAE indicate an increase in expected loan and mortgage defaults, which will lead to intensified persecution of debtors; Stirling cautions expats and business owners to be wary of easy credit, and get immediate help in financial troubles
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- Warning to Indian investors in Ras al Khaimah UAE following detention of Indian national for a crime he had no access to commit
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Press Releases • Sep 19, 2017 11:16 BST
Expats in Dubai often get caught up in a nightmare of debt, thanks to unregulated credit being pushed at them every day. Missing one payment means jail, as debt is a criminal offence in the UAE (as opposed to a civil matter in the Western world.) Often people take loans in good faith but their circumstances change and they flee before being sent to jail, but their problems are far from over.
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Press Releases • Sep 11, 2017 07:30 BST
Thousands of Brits are trapped in Dubai, forbidden to leave the country, not allowed to work, with debts they can’t pay, and the constant threat of jail hanging over them. Why? Because they missed credit card or loan payments.