Picture for illustration purposes only.
PHOTO BY ARCHIVE
OMAN – Customers with personal loans in Oman banks can get a three-month payment holiday after a new directive from Oman’s Central Bank.
State news agency ONA reported that Oman’s central bank asked banks and financial institutions to freeze repayments of personal and housing loans for three months.
The decision will take effect in May and no additional commission fees will be required from customers, ONA reported.
Banks have also been told to restructure loans if needed. ERA/Expat Media
Saudi Arabia to impose 15% VAT on goods from online stores
Ex-Dubai OFW’s baby left in Libya reunited with mother
Sharjah Deputy Ruler dies, 3-day mourning period declared
Dubai’s most beautiful Metro station unveiled on Route 2020
Emirates lays off more pilots, cabin crew
No fine for wearing cloth mask in UAE but people still sharing fake news video
Dubai money exchange teller on trial over Dh642,000 theft
How Filipina expat in UAE survived salary cuts in 2009 and 2020
2 killed in Dubai as garbage truck crashes into bus
Guide on audit assertions for UAE businesses
Dubai tourism chief on how UAE is welcoming back tourists
Etihad Airways to resume flights to and from Manila, Islamabad and 56 other cities in next 2 months