Omani loan defaulters released

Tens of Omani loan defaulters who were serving sentences in Omani prisons, were released on Tuesday, thanks to an ongoing campaign. The campaign which is slated to last through the month of Ramadan has managed to free more than 780 prisoners since 2012.

The campaign usually happens annually, but was halted in 2013 and 2016 due to lack of donations. In 2016, there was 600 million riyals of unpaid personal loans, according to the National Centre for Statistics and Information (NCSI) figures.

The grim statistics coincide with increasing unemployment in the country amid an economic slump due to the plunge in oil prices. More than 5,000 Omanis lost their jobs in the oil and gas sector in 2016, according to government figures.

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