Monday , January 22 2018

Tag Archives: loan

Bill seeks panel on loan relief for Kuwaitis

KUWAIT CITY, Jan 3: MP Askar Al-Anazi has presented a bill on the formation of a committee which will be tasked to discuss files of loans granted to citizens and to ensure compliance of local banks with the instructions of the Central Bank of Kuwait (CBK) regarding interest rate. In …

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Services terminated – “I have bank loans to pay”

My services are terminated by the employer and I am on three months’ notice period (remaining notice period is 15 days only). Please note that my Iqama will be valid for 3 months from the last working day. I am having some loans in bank and other institutions and I …

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‘Cabinet approves draft law to allow govt to take KD 25b loans for 30 yrs’

Technical panel for privatization said to study priorities KUWAIT CITY, Aug 9: The Cabinet has approved a draft law which allows the government to take loans of up to KD 25 billion for a period not exceeding 30 years from local or foreign bodies quoting informed sources. They said the …

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Loan Shark Threatening for more payment

I am an expatriate Indian living in Kuwait for the past 12 years. Due to some unfortunate incidents in my life I was forced to borrow KD 1,200 from someone by signing an I.O.U in 2013 and from that day onwards I have been paying KD 110 as interest every …

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Kuwait to give Tunisia $500mn in loans – Financing spread over five years

TUNIS, Nov 29, (Agencies): Kuwait will provide Tunisia with $500 million in loans over the next five years, Kuwait’s finance minister told delegates at a Tunis investment conference on Tuesday. Western and regional partners have been offering Tunisia financial backing as the conference gets under way, including a pledge of …

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Loan shark continues to withdraw money from bank account

First of all, I would like to thank you for your noble service regarding legal advice to the desperate people. I borrowed KD 2,000 from my friend for an emergency situation by agreeing to pay KD 2,000 extra for the borrowed money — KD 200 every month for a period …

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Loan transfer

I have been working with an organization as an engineer for the past 2 years. I have a loan with one of the banks which I am due to pay installments for another few months. My questions are: 1. If at all I get a good opportunity in another company …

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Bank ordered to rectify loan installments not to exceed 40 pc of citizen’s net salary

KUWAIT CITY, April 8: The Court of Appeals, presided over by Judge Haitham Al-Atiqi, ordered a local bank to rectify the installment amount, not to exceed 40 percent of the net salary of a citizen who obtained loan, in addition to recalculation of the period of payment. Attorney Ali Al-Ali, …

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Banks reject Mallya’s $600mn repayment offer

A group of Indian banks rejected Thursday embattled businessman Vijay Mallya’s offer to repay $600 million in unpaid loans, less than half of what his defunct airline owes them. The banks told the Supreme Court in New Delhi that they wanted the 60-year-old flamboyant entrepreneur to return to India so they …

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