If you’ve ever been working in the Middle East, chances are that you’ve been contacted by a bank regarding some lucrative deals that are available for a “limited time only“. I know, I’ve been there too. The reason why most people are afraid to sign up for these offers are because banks are rarely upfront, and we fear the consequences of the “fine print“.
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” – Henry Ford
This is the way in which banks have always operated and it isn’t going to change. However, understanding how these offerings work will enable you to pick and benefit from the one that’s most suited to your needs.
Enter Souqalmal.com, a website that offers comparisons between products offered by leading financial institutions in the region. Their comprehensive database of credit cards, loans, bank accounts and their most recent foray into education, enables them to highlights the pro’s and con’s of each of the listed products. If this wasn’t enough, you can go through the user reviews posted at the bottom of the page, saving you the trouble of approaching multiple vendors and skimming through all that fine print!