Survey: Most Qatar clients would switch banks if online services improved
Banks in the region need to understand that the Gulf has a large tech-savvy population looking for more mobile and online banking options, Ernst & Young states.
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personal finance
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Qatar residents urged not to take out loans to go on exotic vacations
During Friday prayer sermons over the weekend, many scholars warned residents about falling into debt just to finance their trips abroad this summer.
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Savings culture yet to take hold in Gulf, report finds
Some 72 percent of Qatar residents polled have not saved as much money as they planned to this year, mirroring a worrying trend across the Gulf.
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To reduce loan defaults, Qatar grants banks access to borrowers’ lending history
As part of its strategy to reduce loan defaults and write-offs – and the number of citizens in debt – Qatar has made good on a promise to grant its…
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Gulf residents express desire to improve poor savings habits
Gulf residents are not saving nearly enough money for their futures, but they wish they were, a new report has found. Only 29 percent of people surveyed in Qatar reported…
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Report: Qatar residents borrow far less from banks this year due to stricter rules
The number of personal loans given by banks in Qatar over the past eight months has fallen 18 percent, a new report by the QNB Group states. The drop is…
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Survey: Expats in Middle East struggle to save as cost of living rises
A whopping 41 percent of the people who work in the Middle East have no savings, according to a new Bayt.com survey of almost 12,000 professionals in the region. The…
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