Friday 19 September 2014
 
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Remittances

UAE Exchange named ‘Brand of the Year’

UAE Exchange, a leading global remittance and foreign exchange company, has been voted as ‘Brand of the Year’ by Superbands, owing to its supremacy in the market, longevity and customer loyalty. The company received th

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UAE Exchange remittances to Sri Lanka hit $290m

UAE Exchange, a leading remittance and foreign exchange brand, transferred $290 million, from across the globe, to Sri Lanka in 2013, contributing five per cent of the total remittance inflows to the country. In a statement, the c

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Oman proposes tax on remittances

Oman should tax the billions of dollars which foreign workers send back to their home countries every year, an advisory committee to the government has proposed after signs of mounting pressure on state finances. The economic and

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Kuwait 'mulls income tax on expats'

  Kuwait's Ministry of Finance has started the process of implementing a taxation system for foreign residents in the country, reports said.   Once the system is implemented, expatriates in Kuwa

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Doha Bank in Philippines remittance deal

  Doha Bank has announced an agreement with Bank of the Philippine Islands (BPI) for remittance of funds to The Philippines.   The signing ceremony was held at Doha Bank’s Head Office Tower in

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UAE Exchange honoured for brand excellence

UAE Exchange, a leader in remittances and foreign exchange services, has won the Global Award for Brand Excellence in ‘Banking and Financial Service’ category at an event held recently in Mumbai. Y Sudhir Kumar Shetty,

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Remittances to MEA ‘hit by Arab Spring’

While remittances to the MEA region grew by 2.6 per cent in due to the uncertainties triggered by the Arab Spring 2011, GCC accounted for more than 25 per cent of inward remittances to the Mena countries, said experts. The overall remittan

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Xpress launches flat fee for India transfers

Xpress Money, a global money transfer brand with a major presence in the GCC, has introduced a flat fee of Dh15 ($4) for remittances of any denominations to India. The revised fee comes on the heels of the company’s decision to discontinue

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BFC opens new branch in Bahrain

Bahrain Financing Company (BFC), a major exchange and remittances company, has opened its Jid Ali branch, its newest retail location in Bahrain. Located next to Ahli United Bank and on Ajwad Aljabri Highway, the branch was inaugurated by B

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Etisalat plans to boost mobile remittances

Etisalat has sought regulatory approval to expand its financial services offerings in the Gulf, home to millions of expatriates. The UAE telecoms operator saw $1.8 billion moved over its network last year via money transfers. 

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