How about this: some banks have raised minimum salary criteria for you to avail of a personal loan. One must have QRs25K/month salary. What do you glean from that? Liquidity probs? Your guess is as good as mine.
banks have even stopped giving car loans to low salary ppl..dunno their least salary limit for car loans...and as we heard that insurance companies are gonna increase policy rates by next year ...and we all know that saudia is selling petrol at half price so its obvious that if not now but gradually within an year we will clearly see the effects of financial crisis on Qatar
Apparently its already affecting QNB bank...Just heard that NO credit cards will be issued to foreigners earning less than QR 35000 pm. Can anybody confirm this??
guys the construction work has already been hit by world financial crisis here..secondly banks..now its towards real-estate...restaurants and markets have already increased the prices of products.
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How about this: some banks have raised minimum salary criteria for you to avail of a personal loan. One must have QRs25K/month salary. What do you glean from that? Liquidity probs? Your guess is as good as mine.
banks have even stopped giving car loans to low salary ppl..dunno their least salary limit for car loans...and as we heard that insurance companies are gonna increase policy rates by next year ...and we all know that saudia is selling petrol at half price so its obvious that if not now but gradually within an year we will clearly see the effects of financial crisis on Qatar
Apparently its already affecting QNB bank...Just heard that NO credit cards will be issued to foreigners earning less than QR 35000 pm. Can anybody confirm this??
guys the construction work has already been hit by world financial crisis here..secondly banks..now its towards real-estate...restaurants and markets have already increased the prices of products.
Banking and the real estate sectors are expected to be hit the hardest..
Banking and the real estate sectors are expected to be hit the hardest..
Not much effect yet, too soon to tell, I'm afraid. In other countries the recession is affecting stores, restaurants and construction first.