Wire Stork Intelligence

Dubai's public prosecution goes passportless with smart ball initiative

Dubai's public prosecution will no longer withhold passports

If the person needs bail, they will no longer require a friend or relative to keep their passport on their behalf. The smart bail initiati...
Coming to Dubai?Here’s what you need to know!!

Coming to Dubai?Here’s what you need to know!!

  Dubai is characterized by the interaction of a large number of cultures and nationalities. However, the culture, customs and traditions of t...
How does the new employee classification system work in the UAE?

How does the new employee classification system work in the UAE?

In 2005, the Ministry of Labor and Social Affairs (now the Ministry of Human Resources and Emiratisation — MOHRE) introduced a company classifica...
Can women open bank accounts for their children in the UAE?

Can women open bank accounts for their children in the UAE?

    It is a UAE Central Bank regulation that women cannot open bank accounts for their children even if they are the child’s sponsors or custodia...
How does a power of attorney work in the UAE?

How does a power of attorney work in the UAE?

  Various types of powers of attorney (PoA) are recognised in the UAE and they may be general, absolute, special, restricted or conditional. T...
Getting married in the UAE?Here’s what you need to know.

Getting married in the UAE?Here’s what you need to know.

If you are planning on getting married in the UAE, be sure to firm up the paperwork first; lest you end up running around in circles leaving you ...
The master plan for debt riddance

The master plan for debt riddance

Getting out of debt now seems to be the national theme. Perhaps in your case this debt was not all related to unconscious over spending. There may...
How to get out of Debt?

How to get out of Debt?

To get out of debt, you need a plan, and you need to execute that plan. That’s why we’ve created this simple, five-step, get-out-of-debt checklist ...
legaladviceme

How runaway borrowers can clear names and return to UAE?

Even with the tightening lending conditions, there’s still hope for expatriate loan defaulters who have once fled the country to return to the emirates without getting arrested at the airport.

Runaways can return to the UAE for work without landing behind bars. But first, they need to get in touch with their creditor, and, if an arrest warrant has been released or a case is still pending, they need to wipe their records clean.
Nearly half of residents in the UAE are still in debt!

Nearly half of residents in the UAE are still in debt!

Nearly half of residents in the UAE are still in debt, while a significant number are failing to save money, according to figures from Payfort.

The company owned by Amazon revealed in a report published this week that about five in ten people in the UAE (46.7 per cent, or approximately 4.3 million of the population) have fallen into debt, while 12.8 per cent are actively looking for a loan.

Can you take the bank to the court?

Can you take the bank to the court?

When does someone have grounds to take a bank to court over credit card debt?Here at Wire Stork,we explain how someone with grievances against their credit card provider can take their case to court.

Any individual has a right to file a claim against a bank as long he/she has sufficient documents to prove his/her right against the said bank. Documents such as emails from the bank, statement of account, or any such correspondence would suffice.

The personal debt problem

The personal debt problem

At the time of David Oliver’s arrest for unpaid debt in the UAE, he had no idea he was in trouble. In fact, he says he did not even realise his payments had stopped.

Sleeping on a plane during a stop off in Dubai from Bahrain to Kathmandu last October, the 62-year-old was woken by an announcement to identify himself. He quickly realised why. Once he was escorted off the plane he was arrested by the police. He is now being treated in a Dubai hospital because of a mental illness and cannot return home because of his outstanding debt of Dh335,000.