Know these before Switch The Job In Oman.

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Know these before Switch The Job In Oman.

The Government of Oman has revised some administrative regulations that relate to expatriates worker in this country. The new regulation was issued by  Lt.Gen Hassan bin Mohsin Al-Shraiqi, Inspector-General of Police, and Customs. According to the new amendment, expatriate workers can Switch Job In Oman from one employer to another.

Since 2016, the Oman government has amended twice the current federal rules relating to foreign workers and their employers. Now, in this post, I ‘m going to provide you with vital information that can help if you want to change your employer and your current roles with other companies.

Oman, a small country next to the UAE, had a strong labour law, providing the foreign national with limited rights compared to UAE. However, it has slowly changed it labor law and followed the UAE route.

Expatriates workers have contributed to the economic growth of the gulf countries but they have been treating unfairly in the gulf region.

The worker who wants to move to another employer in Oman must meet the following terms and conditions;

Criteria change job in Oman 

  1. The New employer should have a license for the recruitment of foreign workers.
  2. the employment contract with the current employer must be expired or terminated.
  3. An employer must receive the approval to sign the contract with a new employee from the competent authority.
  4. The second employer must be in accordance with the law in the process of hiring the employee.
  5. A contract must sign between employees and employers in accordance with the executive regulation of Oman.

What about the family visa if you changed the job?

If the employer has brought their family member on the sponsor of the current or previous employer then it can change to the new employer when the employee job change condition has met with the labour law.

Where to live in this transition period?

The employee will stay with the first employer until the second employer completes the necessary documentation for obtaining the visa for the newly hired staff. In this period, if you are out of work, the first employer should also provide you the accommodation.

Conclusion: It is the great relief for the expatriate workers in Oman, previously, the law didn’t allow to change the job in Oman although they found a good job with some great companies. Please pay attention to the above requirement, whether you have met or not, before changing your job.

How to check your visa for Oman

International banks in the UAE and Dubai

Ranga Singh
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International banks in the UAE and Dubai

Dubai is the international trading hub located at the strategic place on the world business map. Since the world-class companies established their regional headquarters in Dubai, the city becomes the most valuable place for the multinational companies’ supply chain. Along with other industries, the international financial institutions also come into this country with the regional headquarters, the result for that, there are 27 international banks, in addition, 11 wholesale lending banks in the UAE.

Most of the international banks in the UAE come from the GCC and others from the United States, Europ, and some Indian banks are active in the markets. The international banks providing services through;

  1.  Direct lending: The banks have opened the branches and deal with the individuals or the institution for lending and they provide other general banking services.
  2. Wholesales lending: The lending bank work with the third-party to lend the fund to the customers. The lender will not deal with the individual or institution but a third party bank or credit union will deal with the customer and the fund will be received from the wholesales banker.

Almost all the multinational banks have established their head offices in Dubai and branches in other parts of the UAE. In another world, Dubai is not only for the business hub for international trade but also it is the regional financial hub for the gulf region.

Due to strong local economic growth and thriving market demand for finance, multinational financial institutions moved to Dubai.

Despite uncertainty about the Gulf economy and the lower oil prices in the world. The international banks expect slowing growth in 2020 and will start to bounce back as normal from 2021.

International banks in Dubai | Banks in the UAE

International banks in the UAE are headquartered in Dubai and Abu Dhabi, the most popular city in the United Arab Emirates.

[table id=4 /]

Top banks in the United Arab Emirates. 

List of the best bank in UAE

Full list of local commercial bank in UAE, financial market.

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The bank in UAE have divided into two major categories based on the shareholding, registrations, and the license that they have received for operation.

  1. Locally incorporate banks: These are the public shareholding companies and obtain the operating license in accordance with the provision of Union law No 10, 1980.
  2. Foreign bank branches: The foreign banks operate their branches in the country and obtain the operating license from the central bank of the United Arab Emirates.

The central bank in the UAE is the government body which regulates both national and international banks in the UAE. There are 21 local commercial banks in this country most of them have the 2 decad experience on the UAE financial market.

Local banks mean they are registered in the United Arab Emirates with the majority national shareholding.

As a Muslin country, the majority of banks in the UAE provide the modern Islamic finances and the Sharia law applies to all products. The UAE banks are a world-class financial institution, therefore, they have the international footprint not only the GCC countries but also across the world.

List of the Local commercial bank in UAE 

[table id=3 /]

There are 7 emirates in the UAE and the government of each emirate has sponsored at least one bank. They hold a large portion of shares and ownership to the state bank. We can find that the bank name refers to the state.

Particularly for the banks which opened on behalf of the State Government, They provide Islamic finance to the customers. When you see the top ten banks in the UAE, the government-sponsored banks are in the top spot.

Although 2020 has become a bad financial year for the UAE banks due to the low oil prices they are still on reasonable profit.

Most of the UAE bank has implemented the modern technology on their services including, internet and mobile banking,  debit and credit card facility, and investment and wealth management services.

Compare the interest rate of the UAE bank 

List of the 10 best bank in UAE this year.

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UAE is one of the countries which has a strong financial market comparing the other countries in the Gulf regions. There are 21 local commercial banks with 650 branches across the country. Majorities of the bank have headquartered in Abu Dhabi and Dubai. Here in this post, I will explain the best bank in UAE based on their financial data.

After the global pandemic 2020, most of the banks have affected some way because only the strong industrial market contributes to the banks’ growth.

Many small, medium and large organizations have severely impacted form the government precautionary measures result of that almost all industries had shutdown.

Although international banks are in the UAE financial market, local banks are in the top ten because of their high volume of trade and assets.

Top 10 Best bank in UAE

  1. First Abu Dhabi Bank

It is the largest commercial bank in the UAE and one of the top five banks in the gulf region. FAB  provides a wide range of financial services providing customers with different options for deposit and credit products. It is not only the best bank in UAE for the local communities but also the best bank in UAE for expats residents.

Deposit products;

  1. iSave account: This saving account can be opened with zero minimum balance and no additional charges will be applied. The more you save, the more you can withdraw, there is no restriction on the number of transactions you make to save or withdraw.
  2. Emirati Al AWWAL Saving Certificate: This is the product that has been designed to encourage the UAE nation to save their money rather than spend more on their lifestyles. Attractive assured profit rates will credit into the liked account annually.
  3. Fixed Deposit: Eligibility for all types of customers in the UAE and it provides a higher interest on the deposit and overdraft facility available against this account. The mature tenure is flexible for up to 12 months.
  4. Smart deposit account: It is useful for the long term deposit especially for your children and the tenure available for two, three, five, seven, and ten years.

Loan products

  1.  Personal Loan for UAE Nationals
  2.  Personal Loans for Expats
  3.  New to Country Loans
  4.  New to Employment Loans
  5.  Etihad Guest Personal Loan
  6. Secured Loans
  7.  Landlord Loans
  8. Debt Consolidation Loans
  9.  National Loans Scheme
  10. Buyout Loans
  11. Car Loans for Salaried Individuals
  12. Car Loans for Self Employed Individuals
  13.  Etihad Guest Car Loan

Total Assets – AED 744 Billion ( 2018)

Net Profit – AED 12 Billion (2018)

2.  Emirates NBD 

It is the best bank in Dubai owned by the Dubai government, it provides the various solution to the customers from saving, loan, and investment. Here are the most popular savings and loan products the bank has provided;

Deposit accounts;

  • Current account
  • Several saving accounts
  • Gold investment account
  • Value account
  • Islamic account

Loan products; 

  • Personal loan
  • Home Loan
  • Overdraft loan
  • Islamic finance
  • Credit card

Total Assets – AED 500 Billion (2018)

Net Profit – AED 10 Billion (2018)

3. Union Bank merged with (ADCB) 

The bank is headquartered in Abu Dhabi, and the Abu Dhabi government holds 52.62 percent of its share. And other portions of the shares have held by the general public and private institutions. The bank is providing personnel banking and corporate banking to the customers.

Deposit products; 

  • Current & Savings Account
  • Etihad Guest Accounts
  • Fixed Deposit Account
  • Offshore
  • Business Accounts
  • Safe Deposit Locker

Loan products; 

  • LoansCar Loans
  • Home Loans
  • Personal Loans
  • Credit card

Total Assets – AED 279 Billion(2018)

Net Profit – AED 4 Million(2018)

4. Emirates Islamic Bank 

It is the largest Islamic bank in the UAE that has adopted Islamic principles and Sharia law to address banking issues that arise with customers. Although it provides Islamic finance, it is one of the best banks in the UAE for non-Muslims resistant. The product and the services have described below;

Deposit products;

  • Booster WAKALA Deposit
  • Investment term deposit
  • Flexi term deposit

Loan products; 

  • Personal Finance
  • Auto Finance
  • Home Finance – Bina’a
  • Home Finance – Manzil
  • Commercial Property Finance
  • Financing Against Shares
  • Credit card

Total Assets – AED 58 Billion (2018)

Net Profit – AED 924 Million (2018)

5. Dubai Islamic Bank 

Another Islamic bank in Dubai is the DIB which provides the best Islamic finance to its customers. In terms of the asset, it comes to the top ten Islamic banking in the Gulf region. Most of its products are approved by Sharia law, however, it offers modern Islamic banking to anyone regardless of nationality and religious differences.

Deposit products;

  1. Advance Profit Payment Wakala
  2. Maximiser Wakala Deposit
  3. Long-Term Wakala Deposit Fixed term
  4. Monthly Payment Wakala Deposit
  5. Recurring Wakala Deposit
  6. USD Wakala Deposit
  7. Retail Wakala
  8. Al Islami Investment Deposit Account

Loan products;

  • Auto Finance
  • Home Finance
  • Personal Finance
  • Credit card

Total Assets – AED 223.7 Billion (2018)

Net Profit – AED 5 Billion (2018)

6. Abu Dhabi Commercial Bank (ADCB)

ADCB became the largest bank after a successful merger with the Union National Bank in the UAE. The bank provides various services to the customer whether they are individuals or the organization.

Deposit products;

  1. Current & Savings Account
  2. Offshore
  3. Business Accounts

Loan products;

    1. Car Loans
    2. Business loan
    3. Personal Loans
    4. Credit card

Total Assets – AED 107 Billion (2018)

Net Profit – AED 1,186 Million (2018)

7. Abu Dhabi Islamic Bank (ADIB) 

ADIB is the largest Islamic financial institution based in Abu Dhabi the capital city of the United Arab Emirates. It is the best Islamic bank in the UAE. ADIB is a partner of the Emirates Airline Skyward program and the customer who deals with ADIB will receive a skyward reward on their card.

Deposit accounts

  1. Current Account
  2. Savings Account
  3. Ghina Savings Account
  4. Ghina Salary Account
  5. Banoon Children’s Savings Account
  6. Electron Account
  7. Short Term Investment Account
  8. Investment Deposit Account

Loan products; 

  1. Personal Finance
  2. Home Finance
  3. Debt Settlement
  4. Car Finance
  5. Education Finance
  6. Travel Finance
  7. Boat Finance
  8. Goods Murabaha
  9. Credit card
  • Total Assets – AED 125 Billion (2018)
  • Net Profit – AED 2,501 Million (2018)

8. National Bank of Ras Al-Khaimah (RAKBANK)

The bank has operates all across the UAE with 33 branches even though it is originated and headquarters in Ras Al Khaimah northerner part of the UAE. The RAK government has owned 50% of its share and others from the general public.

Deposit products;

  • Current
  • Savings
  • Emirates Skywards Savings Account
  • RAKbooster
  • RAKsave

Loan products;

  • Home in One
  • Personal Loan
  • Cash Loan
  • Education Loan
  • Mortgage Home Loans
  • Business or corporate loan
  • Credit card

Total Assets – AED 52.7 Billion (2018)

Net Profit – AED 917.5 Million ( 2018)

9. National Bank of Fujairah 

NBF is established with the help of the government of the Fujairah and now it has operated all across the UAE. Although it is coming from the least developed emirates of the UAE it has already proved as a leader in the field of modern Islamic banking.

Deposit products;

  1. Current
  2. Saving
  3. Fixed deposit

Loan products;

  1. Home loan
  2. Personal loan
  3. Business loan
  4. Credit card
  • Total Assets – AED 39 Billion (2018)
  • Net Profit–  AED 615 Million (018)

10. Mashreq 

It is one of the oldest privately-owned banks in the United Arab Emirates and founded in Dubai. It is the first bank which provided ATM, debit, and credit card facility in the UAE. The bank offers advanced banking facilities with the most innovative state-of-the-art technology.

Deposit products; 

  • Current Account
  • Sweep Current Account
  • Basic Savings Account
  • Easy Saver Account
  • Mashreq Millionaire
  • Unfixed Deposits
  • Fixed Deposits
  • “Misr Um El Donia” Egyptian Account
  • Step-Up Saver Account
  • MaxSaver Account
  • Current Gold Account
  • Dream Saver Account
  • Gold Edge Account
  • Daily Bonus Account
  • Money Multiplier Account

Loan products; 

  • Personal Loans For Expatriates
  • Personal Loans For Emiratis
  • New To UAE / New To Employer
  • Debt Consolidation Loans
  • National Loans Scheme
  • Personal Loan Remit
  • Mashreq Slice Loans
  • Credit card
  • Total Assets – AED 139 Billion ( 2018)
  • Net Profit –  AED 2.1 Billion (A2018)

Conclusion:  All the best bank in UAE provides modern banking including mobile banking, internet banking, ATM deposit, and withdrawal services. Considering various aspects, we have chosen 10 financial institutions as the best bank in UAE.

Best and Top 10 companies in UAE for 2020

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Best and Top 10 companies in UAE for 2020

Although there are thousands of international companies in UAE, local organizations always rank higher than foreign competitors, because, biggest governmental or privates projects have been operating by them.

After the global pandemic (Coronavirus), most companies have been affected by government lockdown and low demand for goods and services in local and international markets.

So, in another word, we can say this year is not good for the companies in the UAE either they are bigger or smaller. All have suffered and will prolong until 2021. The result for that many companies are entrenching the employees or reducing their salary to survive at this hard time.

Hospitality and aviation companies are deeply affected by the global health crisis. Although healthcare companies have benefited from it, they do not play a vital role in the UAE and international markets.

There is a lot of fluctuation that will occur in the ranking of the companies by the end of 2020, but by now the following companies are the top companies in the UAE;

List of  the top 10 companies in UAE;

1. First Abu Dhabi Bank

FAB is one of the largest financial institutions in the UAE as well as the GCC (Gulf Cooperation Council). Its banking network has grown from the UAE to the GCC, Asia, Arica, the EU, and the United States. 

2. Emirates Telecommunications

The popular name is Etisalat, it is one of the largest telecommunication companies in the UAE. 70% percent of the UAE population uses its services because there is no competitor who can approach it in the telecommunications business. currently, the company has operated in 15 countries across Asia, the Middle East, and Africa.

3. DP World Ltd;

It is a logistics company based in Dubai, United Arab Emirates, which operates ports and terminals in the UAE as well as 40 other countries around the world. DB world has employed More than 56,000 workers in its workforce and severely affected by the current situation, but the company still holds a senior position in the UAE.

4. Emirates Islamic Bank

It is another largest bank in the UAE following the Abu Dhabi bank, and also one of the leading bank which provides the Islamic finances to its customers. EIB was established in 2004, since then, it has been providing the financial services to a small and large successful business in the UAE.

5. Emirates NBD Bank

Emirates National Bank Of Dubai is the ‘Best SME Bank of the Year’ of 2019 at International Finance Magazine (IFM). The bank has owned by the Dubai government and established with the help of  Rashid bin Saeed Al Maktoum, vice president and 2nd Price Minister of United Arab Emirates.

The ENBD group, which is the parent organization of the ENBD bank, operates financial services in the UAE, Egypt, India, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, and representative offices in China and Indonesia.

More than 25,000 workers have been employed by this bank, with 70 nationalities through its subsidiaries.

6. Abu Dhabi Commercial Bank

There are two cities where most of the banks of the United Arab Emirates were originated, Dubai and Abu Dhabi. Whether the bank first established Abu Dhabi or Dubai, we can know from their name because they have linked to the city.

ADCB also established in Abu Dhabi the capital city of the UAE in 1985 as the public holding company with limited liability. Abu Dhabi Investment Council (ADIC) a government investment body has owned 62.52% of the ADCB share and rest general public and privates institutions.

According to the 2018 report, more than 5,000 employees from 80 nationalities work in 56 branches in the UAE, with one branch in New Jersey and one representative office in Singapore.

7. Emaar Properties

It is one of the largest real estate development companies in the United Arab Emirates and has publicly listed companies on the Dubai Stock Exchange. Emaar properties have 36 subsidiaries across the Middle East, North Africa, Pan-Asia, Europe, and North America.

Emaar Properties is the creator of a well-known project in the world, including Burj Khalifa Tower, the tallest building in the world.

The company’s international presence is in the area of property development and management. However, the business model has now been diversified into real estate, including commercial and residential property development, including malls.

8. Dubai Islamic Bank

DIB is an international banking network based in Dubai, founded in 1975 after the adoption of the Islamic principles on financial services. It is one of the largest Islamic banks in the Gulf region as well as in the UAE.

The bank has served 90 branches across the UAE and the international presence has now grown to seven countries.

9. Abu Dhabi National Oil Company

ADNOC suffered deeply after COVID 19 due to the low demand for fossil fuels in the world, and the price of oil has fallen historically low.

The company is the master of exploration, production, storage, refining, and distribution, and the development of a wide-range of petrochemical products.

Despite the unpredictable state of the global economy, the company still holds the 9th position in terms of the asset it owns in the UAE.

10. Emaar Malls

It is sister companies of the Emaar properties group which responsible for the development of properties including shopping malls & retail stores and hospitality & leisure establishments.

The Emaar Malls has owned the Dubai Creek Harbor, Dubai downtown, Dubai Marina, and Dubai Mina Rashid, etc.

These above-listed companies in UAE not only the largest in this nation but also the best companies here and larges companies in Dubai as well.

Top money transfer companies in the UAE. 

Top security companies in the UAE. 

The Bellboy | job description | duties & responsibilities

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A bellboy is a frontline hotel staff, particularly in luxury accommodations ranging from 5-star hotels to deluxe resorts. Those familiar with high-end hospitality understand the importance of bellboy services in enhancing the guest experience.

In the Gulf region, this role is widely known as a bellboy, whereas in Western countries, the same position is often referred to as a room attendant.

This post provides a comprehensive bellboy job description for CV and outlines the bellboy duties and responsibilities for those interested in this career path.

What is a Bellboy?

A bellboy is a hotel staff member responsible for assisting guests with luggage, and valet services, and providing key information about hotel facilities.

Acting as the first and last point of contact, they play a critical role in shaping guests’ impressions of the hotel’s professionalism and hospitality standards.

Bellboy Job Description for CV

Highlight these key points when crafting your CV:

  • Greet guests upon arrival, assist with luggage, and escort them to rooms.
  • Manage valet parking, luggage storage, and delivery of items (parcels, messages) to guest rooms.
  • Provide information on hotel amenities, local attractions, and dining options.
  • Ensure lobby/entrance areas are clean, organized, and visually appealing.
  • Collaborate with the front desk, concierge, and bell captain to address guest needs.
  • Adhere to health, safety, and protocol standards for guest and staff safety.

Bellboy Duties and Responsibilities

1. Guest Arrival & Departure:

  • Warmly welcome guests at the entrance and assist with luggage during check-in/check-out.
  • Escort guests to rooms, explaining in-room features and hotel facilities (e.g., pool hours, dining options).
  • Inspect vacated rooms for forgotten items and coordinate with a reception for lost property.

2. Luggage & Valet Management:

  • Safely transported and tagged luggage, ensuring proper storage in the hotel’s baggage room.
  • Handle valet parking requests, including parking/retrieving vehicles efficiently.
  • Assist with transferring luggage between rooms upon guest requests.

3. Guest Relations & Communication:

  • Memorize names of VIPs, repeat guests, and long-term visitors; greet them warmly (e.g., “Welcome back, Mr. Smith!”).
  • Relay guest requests (e.g., wake-up calls, taxi bookings) to relevant departments promptly.
  • Provide clear directions to local attractions, transport hubs, and event venues.

4. Operational Support:

  • Maintain cleanliness and order in the lobby, baggage room, and entrance areas.
  • Report equipment malfunctions or safety hazards to the bell captain/front office.
  • Attend pre-shift briefings and training sessions to stay updated on hotel operations.

5. Physical & Safety Requirements:

  • Lift/carry items up to 80 lbs, stand/walk for extended periods, and perform tasks requiring bending or twisting.
  • Follow safety protocols for equipment use and emergency procedures.

Skills & Experience Required

  • Experience: 1–3 years in roles like bellman, valet driver, or hotel porter.
  • Licenses: Valid driver’s license (for valet services).
  • Communication: Fluency in English (additional languages are a plus).
    • Ability to communicate effectively both verbally and in writing
  • Strong customer service skills with a professional attitude.
  • Traits: Professional demeanor, problem-solving skills, and physical stamina.

Why This Role Matters

A bellboy isn’t just a luggage handler—they’re ambassadors of the hotel’s brand. From ensuring smooth arrivals to leaving guests with a lasting positive impression, their attention to detail and service excellence directly impact guest satisfaction and loyalty.

Latest Nepal bank interest rates on deposits and loans.

Ranga Singh
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Nepal Bank Limited is the oldest commercial bank in Nepal, established on 15 November 1937 A.D. (Kartik 30, 1994). When the Nepalese government was founded, it had full ownership. But now the bank has gone to the public offering, so 51% of the share is owned by the government of Nepal and 49% by the general public. In this post, I will provide the latest Nepal bank interest rates on both deposits and loan products.

Historically, NBL did not face a liquidity crisis because it was financed by the government. When the bank has a low liquidity reserve, it provides higher interest rates on the deposit products to increase the savings, in contrast, the bank has sufficient liquidity then it provides low-interest rates, it is the business policy of every commercial bank in the world.

In the context of Nepal’s bank interest rate, it has a history of not much fluctuation and constant interest rates until the end of that financial year. Compared with other major commercial banks in Nepal, NBL provides competitive interest rates on its deposit products although liquidity is not an issue.

Not only the bank provides higher interest on deposits it also offers a lower interest rate on loans which start from 5 to 8 percent per year.

Nepal bank interest rates on deposit products;

The following table shows you the interest rates of Nepal bank limited on deposit products effective from May 14, 2020 (1 Jestha 2077).

Effective Date: Jestha 1, 2077 (May 14, 2020)
Deposits Annual Interest Rate
S.No.
Deposit Type
Rate Per Annum %
Minimum Balance (NPR)
Saving Deposit
1.
Normal Saving
3.00%
500.00
2.
NBL Diamond Saving
4.00%
500.00
3.
Women Special Saving
4.00%
500.00
4.
Yuva Bachat Khata
4.00%
0.00
5.
Santati Saving Account
4.00%
0.00
6.
NBL Staff Pension Saving
4.00%
0.00
7.
Remittance Saving Account
4.00%
0.00
8.
Investor’s Saving Account
4.00%
0.00
9.
Senior Citizens Special Saving
4.00%
500.00
10.
Professional’s Saving
4.00%
500.00
11.
Social Security Saving Account
4.00%
0.00
12.
Pension Payment Saving Account
5.00%
0.00
13.
NBL Special Saving
5.00%
50000.00
14.
Earthquake Relief Fund Account
5.00%
0.00
15.
TU Pension Saving
5.00%
0.00
16.
NBL Staff Salary Saving
5.00%
0.00
17.
Salary Saving Account
5.00%
0.00
18.
Nari Samman Bachat Khata
5.00%
10000.00
19.
Sambandha Bachat Khata
5.00%
0.00
20.
Nagarik Batchat Khata
5.00%
10000.00
21.
Samriddha Nepal Abhiyan Bachat Khata
5.00%
0.00
22.
Green Saving Deposit
5.00%
25000.00
23.
Chhori Beti Kalyan Bachat Khata
5.00%
5000.00
24.
Chhori Surakshya Bachat (Karnali)
5.00%
0.00
FCY Saving Deposit
1.
USD
2.00%
USD 100.00
2.
EURO
0.00%
EURO 100.00
3.
GBP
0.40%

GBP 100.00

Nepal bank interest rate for fixed deposit

1.
3 Month (Individual)
8.25%
25000.00
2.
3 Month (Institutional)
7.00%
25000.00
3 Month (Institutional) For Renewal Only
7.10%
25000.00
3.
6 Month (Individual)
8.25%
25000.00
4.
6 Month (Institutional)
7.00%
25000.00
6 Month (Institutional) For Renewal Only
7.10%
25000.00
5.
1 Year Fixed Deposit (Individual)
8.25%
25000.00
6.
1 Year Fixed Deposit (Institutional)
7.00%
25000.00
1 Year Fixed Deposit (Institutional) For Renewal Only
7.10%
25000.00
7.
Above 1 year upto 2 years (Individual)
8.25%
25000.00
8.
Above 1 year upto 2 years (Institutional)
7.00%
25000.00
Above 1 year upto 2 years (Institutional) For Renewal Only
7.10%
25000.00
9.
Above 2 years upto 5 years (Individual)
8.00%
25000.00
10.
Above 2 years upto 5 years (Institutional)
6.50%
25000.00
11.
Above 2 years upto 5 years (Institutional) For Renewal Only
6.60%
25000.00
FCY Fixed Deposit
1.
USD
Negotiable
USD 500.00
Employee Welfare Account
1.
Employee Welfare Account
5.00%
Akchaya Kosh
1.
Akchaya Kosh
7.00%
NBL Trust Fund
1.
NBL Trust Fund
8.00%
Call Deposits
1.
Normal Call Deposits
2.00%
100000.00
FCY Call Deposits
1.
USD
0.75%
USD 100.00

Nepal bank interest rates on loan products;

Lending Rate on Loan Types
S.No.
Loan Type
Rate Per Annum %
1.
Gold and Silver Loan
BR+4.16
Export Finance
2.
Export Finance in Domestic Currency
BR+0.10 to BR+0.21
3.
Post Shipment & Pre-Shipment (in USD)
One Year LIBOR Rate + 1.25%
4.
Trust Receipt
4.1
Trust Receipt (NPR)
BR+1.19 to BR+1.80
4.2
Trust Receipt (USD)
Six Month LIBOR Rate + 1.25%
5.
Term Loan
5.1.
Industrial/Commercial
BR+2.55 to BR+3.16
5.2.
Real Estate – Housing Plan
BR+3.19 to BR+3.80
5.3.
Real Estate – Commercial Complex
BR+2.19 to BR+2.80
6.
Working Capital
6.1.
Hypothecation
BR+3.05 to BR+3.66
6.2.
Overdraft
BR+3.05 to BR+3.66
6.3.
Pledge loan
BR+3.05 to BR+3.66
6.4.
Demand
BR+3.05 to BR+3.66
6.5.
Mortgage Loan
6.5.1.
Mortgage Working Capital Loan
BR+4.05 to BR+4.66
6.5.2.
Mortgage Term Loan
BR+4.05 to BR+4.66
6.6.
Sajilo Byabasaya Karja
BR+3.19
6.7.
Sambriddha Byabasaya Karja
BR+2.01 to BR+3.66
7.
Deprived Sector Loan
7.1.
Individual
BR+1.55 to BR+2.16
7.2.
Institutional (Wholesale) – Revolving
BR+0.19 to BR+1.30
7.3.
Institutional (Wholesale) – Term loan
BR+0.19 to BR+1.30
7.4.
Institutional (Retail) – Revolving
BR+1.19 to BR+1.80
7.5.
Institutional (Retail) -Term Loan
BR+1.19 to BR+1.80
8.
Agriculture Loan
BR+2.00
9.
Other Loan
9.1.
Loan against first class bank guarantee
BR+1.55 to BR+2.16
9.2.
Loan against FD receipt
Coupon Rate + 2.00
9.3.
Hire Purchase loan
BR+3.55 to BR+4.16
9.4.
Loan against Govt. Securities
Coupon Rate + 2.00 or 1 year Fixed Deposit rate, whichever is higher
9.5.
Sahuliyatpurna Karja
BR+2.00
10.
Interest on Consumer Loans
10.1
Auto Loan
10.1.1.
Private vehicle 5 years term
BR+2.55 to BR+3.16
10.1.2.
Private vehicle 7 years term
BR+3.55 to BR+4.16
10.1.3.
Private vehicle business use 5 years term
BR+3.55 to BR+4.16
10.1.4.
Commercial vehicle 3-5 years term
BR+3.55 to BR+4.16
10.1.5.
Nepalaxmi Auto Loan
BR+1.55 to BR+2.16
10.1.6.
NBL Professional Auto Loan
BR+1.55 to BR+2.16
10.1.7.
Electrical Vehicle
BR+2.01 to BR+4.16
10.2.
Home Loan
10.2.1.
5 years term
BR+1.55 to BR+2.16
10.2.2.
10 years term
BR+2.19 to BR+2.80
10.2.3.
15 years and above term
BR+3.05 to BR+3.66
10.2.4.
NBL Professional Home Loan
BR+1.55 to BR+2.16
10.2.5.
Nepalaxmi Home Loan
BR+1.55 to BR+2.16
10.3.
Shulav Aawas Karja
10.3.1.
5 years term
BR+1.00
10.3.2.
10 years term
BR+1.25
10.3.3.
15 years term
BR+1.50
10.3.4.
20 years term
BR+2.00
10.4.
Personal Term Loan
10.4.1.
5 years term
BR+2.55 to BR+3.66
10.4.2.
10 years term
BR+3.05 to BR+4.16
10.4.3.
15 years and above term
BR+3.55 to BR+4.33
10.5.
Personal Overdraft
10.5.1.
POD – Professional
BR+3.55 to BR+4.16
10.5.2.
POD – Others
BR+4.05 to BR+4.66
10.6
NBL Professional Loan
10.6.1.
Overdraft
BR+3.19 to BR+4.16
10.6.2.
Term Loan
BR+1.69 to BR+2.66
10.7.
Education Loan
10.7.1.
5 years term
BR+1.05 to BR+1.66
10.7.2.
10 years term
BR+1.55 to BR+2.16
10.8.
Margin Lending
10.8.1.
Up to 10 Million
BR+4.05 to BR+5.02
10.8.2.
10 Million above up to 50 Million
BR+3.55 to BR+4.52
10.8.3.
50 Million above up to 100 Million
BR+3.05 to BR+4.02
10.8.4.
100 Million above
BR+2.05 to BR+3.02
10.9.
NBL Flexi Loan
10.9.1.
Flexi Term Loan
BR+3.05 to BR+3.66
10.9.2.
Flexi Overdraft
BR+3.05 to BR+4.16
10.10
Sewagrahi Karja

Conclusion: Nepal Bank Limited is one of the leading banks in Nepal offering 60 products, including deposits and loans. On the other hand, this bank is also the country’s largest public savings bank. Nepal bank interest rates are very attractive when compared with other tops 10 commercial banks of Nepal.

Learn All About Qatar Police Jobs For Foreigners

CloseCareer Editorial
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14
Learn All About Qatar Police Jobs For Foreigners

Do you want to know more about Qatar police jobs for a foreign national? if your response is yes, then read the full articles I will provide here, the process to become the Qatar police, their duties, salary as well as the contractual terms and conditions.

Qatar is a small country and one of the richest nations in the world with a population of 2.782 million (2018), mostly settled in Doha.

Being the richest country in the world, the government provides everything for its citizens, including accommodation, housing, food allowances, and other living facilities.

Firstly, Qatar has a low local population, and secondly, despite the highly educated local community, they do not like to have a full-time job. The result for that, lack of skilled workers has existed in public and privates sectors.

This gap has been bridged by migrant workers, including the Arab nationals, South-East Asian, East Asian, and some westerners.

Although Qatar is heavily dependent on migrant workers to boost its economy, human rights groups and ILO are internationally criticized for unfair treatment.

Due to a large number of foreign nationals, the Qatari police were in a very difficult position to deal with and investigate them caused by linguistic and cultural differences.

After the reform of the Qatari police, the Emir of Qatar allowed foreign nationals to hire into the police department, the first badge of Pakistani recruited because the nuclear nation is an alley of Qatar.

Now, other national is also working with Qatari police in the IT, technology, and transport departments, as well as some of the country’s citizens, working as a police officer.

The Department of the Qatar police. 

The national police come under the ministry of the interior Qatar which have many federal departments indulging;

  1. National Central Bureau of Interpol.
  2. criminal intelligence departments.
  3. investigation and inquest department.
  4. drug abuse control departments.
  5. civil defense departments.
  6. human resources departments.
  7. medical departments.
  8. and traffic police departments.

What department allowed foreigners to work?

Especially the foreign nationals work as the supporting members of the Qatar police, therefore, they are working in the various department but will not access the critical information such as national security planning and classified information.

What are the duties of an ex-pat police officer in Qatar?

  • Traffic controller.
  • Jail guard.
  • CID
  • Protection of Critical infrastructure.
  • Detain and investigation of foreign national
  • Guarding duties in the police station.
  • Provide security in public events.
  • IT officer
  • The driver of police van.

How to get police jobs in Qatar? 

Qatar police hire candidates’ cadres either in Qatar or in their home countries. If you are in Qatar you can apply online on the ministry of the interior website or you should work with the manpower agency in your country if you like to recruit from there.

What is the Requirement of Qatar police job?

  • Hight 5.7 feet.
  • Age 22-30 for civilian candidates and
  • 22-35 for ex. army or police officer.
  • Strong physical building.

Documents requirement

  • +12 passed or equivalent. (Attest from the education ministry)
  • Genuine experienced documents from the army or police department.
  • Other training certificates if available.

The recruitment process for candidates; 

  • Physical test
    • running
    • push up
    • Sit up
  • Interview
  • Written if required depending on the selection officer.
  • Language requirement
    • English (mandatory)
    • Hindi and Arabic (plus point)

Training of the Qatar police;

The selected cadres will undergo a 4-month training in Qatar police academics, Doha, and formally pass out before admit the police department.

Years of services;

The expatriate police officer will not be recruited for a permanent position, rather than a contract. An unlimited contract will be signed between the MOI and the police officers. It can renew every 2 years.

Salary of the Qatar police officer;

Officer salaries vary dramatically based on experience, skills, gender, or location. The salary of the Qatari national police officer starts from QAR 12,300- QAR 18,100 and foreign national from Asia and Africa starts from QAR 3000 – QAR 6000 per month.

Qatar police jobs for Pakistani;

Pakistani are the higher number of uniform officer in Qatar and some Pakistani national also working in the Royal Qatar Army.

Qatar police officer job for Indian;

Indian nationals can find working in the IT, administrative, technology, and logistic sector.

Qatar police jobs for Nepali;

Nepali has been providing private security guard services in Qatar for many years. Some Royal guard companies also have hired the Nepali security personnel as a royal bodyguard but Mistry of Interior Qatar started formally hire as police officer to the Nepali people from 2019 and the first badge has already pass out.

Why should you work in Qatar Police?

There are many reasons to pursue the Qatar police careers but here are some them including;

  • Job security
  • Governmental job
  • The salary is relatively higher than in the private sector.
  • Good end service compensation.
  • Timely vacation and other leaves.
  • Most respectable jobs in Qatar.
  • Cultural diversity. and
  • Much more

Wrapping up: Qatar Police Jobs are good as well as bad because depending on your performance you can lose your job at any time. As I said previously “job security” because the job will not terminate the other reason unless you do your duty negligently.

How to check your Qatar Visa?

unpaid personal loan in uae, see what banks do?

Ranga Singh
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0

UAE is one of the countries where foreign nationals who have a residence visa can easily obtain bank loans, but defaults can have negative ramifications unless they scaped from the UAE to their country. If you are in the situation of an unpaid personal loan in UAE, read these articles because I have tried to cover all the actions that the bank is taking against the defaulter in the UAE.

First of all, I would like to suggest that you do not misuse the credit that you owed to the bank because it is your responsibility to pay that money whether you are in the UAE or have already managed to flee your home country.

What types of bank loan can you apply for in the UAE?

Various loan products are available in the offer which may vary depending on the banks. Some of them I’ve displayed here will add some values;

  1. Personal loan
  2. Auto loan
  3. Housing loan
  4. Small business loan
  5. corporate loan and
  6. Credit card
  7. Student loan

Whether you have an unsettled credit card due or a general loan installment, the bank will take swift action against you to recover the money you owed.

First step;

When you have missed the loan payment schedule, the bank’s recovery staff and the partner agency will call you. They may warn you of the consequences if you can not settle within a given time-frame.

Second step;

The bank will prevent you from leaving the country by filing a default report in the UAE Ministry of Immigration. If you try to go back to your country the police can detain you at the airport or other border points.

It’s the most headache of the UAE bank if the foreigners flee their country without paying the loan. Approximately Dh.70 billion loans are not settled in the UAE, which was lent to foreign nationals, and they are not in the UAE.

Third step;

The bank will file a criminal case suit against you after bouncing the security Cheque that you have signed.

Bouncing the Cheque is a crime in the UAE that can lead to prison. Even though you are serving the sentence of bouncing the Cheque, it does not mean that you may not be required to pay the bank loan you owed.

Forth steps;

You complete the sentence for bouncing the Cheque also the problem will not solve. Still, you need to pay the bank loan, including interest and late payment penalties. The bank can go for the civil case against you if you can not pay the loan although you have served the sentence for the dis-honoring the Cheque.

Fifth steps; 

The case will hear in the civil court you will get the sentence for more than 5 years if you fail to pay the bank loan in UAE. After completing this sentence you are not required to pay the bank loan.

What will happen if you already in your country?

Legally the UAE bank has the time to recover the debt from the debaters up to 15 years, therefore, they will use every tool to recover the bad loan.

They can work with the loan recover agents in your country, if it happens you need to deal with the local recovery agents they could apply the harassed methods.

The UAE government is also working with other countries to bring the defaulter to the local court for a legal hearing. India already accepted the proposal so, if anyone has fled to India with unsettled bank liability from UAE, the UAE banks can file the case into local court in India.

In my opinion, whether you are in your country or the UAE, you must justify your action or be liable for legal consequences.

What bank can do others for an unpaid personal loan in UAE? 

  • You may be banned entering the UAE again.
  • Can arrest at the international airport in Dubai, Abu Dhabi, and Sharjah if you are transition to another country.
  • You can ban to GCC countries or detain from there. Entering those countries including; Qatar, Saudi Arabia, Bahrain, Oman, and Kuwait could be risky business.
  • If the loan amount is more than a million then the bank can file the case to Interpol, there is a high chance of arresting in any country in the world.

Can the loan insurance cover unpaid personal loan in UAE?

The insurance agents and bank staff advise you to persuade the debt shield insurance, it will only protect you if you are disabled or died. In certain situations, you have lost a job or your company is going to run out of money the insurance will not apply.

AT the end: When we talk it is easy but facing the unsettle liability with the UAE bank is the much frustrating, so, if you have unpaid personal loan in UAE try to resolve it as soon as possible otherwise it can be the issue anytime and anywhere until 15 years.

The days will not go easily because the bank can hire the recovery agencies they will harrassed you and compel you to live in fear day by day.

Bank loan in uae after termination of contract

Ranga Singh
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0

Many ex-pat residents in the UAE take the loan for personal use or business because they all need money to solve the financial difficulties and pay it back in a small portion, particularly every month. Today in this post I will make you clear if you have this question about what will happen bank loan in UAE after termination of the employment contract.

Well, you know what? Loaning to a foreign worker in the UAE is a difficult decision taken by the UAE bank because it could fall into the risk at any time.

There is another problem if banks in the UAE don’t lend to foreign nationals who they loan because 90 percent of the UAE population is foreign nationals and how much they lend if they are only grand to the UAE nationals their population is just 10 percent.

When the high amount of credit goes to the foreign national UAE government’s financial policy against defaulters, it is also very tough. Financial issues with banks in the UAE consider that crime and the country’s criminal law will involve not civil law like other countries in the world.

What kinds of loans, UAE banks release to foreigners?

Banks of the UAE offer a variety of loan products to the foreign nations who have a valid resident visa and have regular income to repay the credit.

  1. Personal loan
  2. Housing loan
  3. business loan
  4. Auto loan
  5. Student loan

If you lose your job and your business does not make any profit, any type of loan you may liable can be the default.

Now let’s talk about this scenario whether you lost your job or your small business has bank-craft. the bank recovery team will not consider and compromise on your situation they will constantly follow to settle your liability.

Although you have lost the job due to the termination contract from the employers or yourself the bank will not take the aggressive action for recovery if you are able to pay the due installment in the time.

What action bank can take when you lost the job?

  • Bank loan officers will request you to settle the entire loan unless you have got the opportunity in the new company
  • Bank can request the immigration of the UAE to issue the travel ban against you out of the UAE.
  • They can file the criminal case against you after bouncing the security Cheque that you might have signed a blank cheque on the day the loan was issued.

Bank loan in UAE after termination

The UAE financial regulation and the law also do not give the concession on the person who has lost the job. In any situation you may lose the job or not, you are responsible to settle the bank loan that you have owed.

What to do if you lost the job and can not settle the loan in the current situation?

  • If you’ve managed to escape your country before the bank knows your condition, that’s another matter, but;
  • When you’ve lost your job, don’t try to go back to your country if the bank already knows your situation and has followed you for settlement because you can be arrested at the airport and the case will take another model.
  • Let them know your process if you have got the job in a new company or looking for that.
  • Ask them to discount the interest if you think you can not pay that.
  • Request them to differ the installment until you get some money from a previous employer as an end services compensation.
  • Discuss with the loan recovery team and explain to them your plan to settle the loan.
  • If you have done loan insurance seek assistance with the expert and apply for the insurance.
  • If you’re going back to your country, also let your bank staff know. You don’t have a due installment, but you’re going to pay the monthly installment from your country they can allow you.
  • Always think about solving the problem with the bank, do not engage in an activity that contributes to the escalation of the situation.

Wrapping up: UAE banks do not care whether you lost the job or have any issued with the current employer and have not gone for Duty. Always think about how to settle bank loan in UAE after termination of the contract with the employer.

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