Friday 12 February 2016
 
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Remittance

GCC expatriates sent $98bn home in 2014

Expatriates working in Gulf Cooperation Council (GCC) countries sent $98 billion in outward remittances in 2014, according to a World Bank report. GCC countries have seen a significant increase in migration inflows in the

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No plans for income tax in UAE: report

The United Arab Emirates (UAE) does not plan to tax the incomes of individuals or remittances abroad by foreign workers in the country, a senior government official was quoted as saying in local newspaper Gulf News on Wednesday. W

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Emirates NBD partners with SBI for 60-second remittances

Emirates NBD, a leading bank in the region, has expanded its partner bank network in India to include State Bank of India (SBI) for the DirectRemit 60 seconds remittance platform.    With this partnership, E

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UAE Exchange celebrates 35 years; remittances hit $26bn

UAE Exchange, the global remittance, foreign exchange and payment solutions brand which celebrates its 35th year of operations today, said as a single largest global remittance entity it now moves funds worth over $26 billion annually.

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Strong dollar sees surge in Gulf remittance flows

The US dollar's strength against Asian currencies is leading to a surge in remittances from migrant workers in the Gulf Arab region, exchange houses say, giving a boost to their home countries such as India, Philippines and Pakistan.

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Strong dollar sees surge in Gulf remittance flows

The US dollar's strength against Asian currencies is leading to a surge in remittances from migrant workers in the Gulf Arab region, exchange houses say, giving a boost to their home countries such as India, Philippines and Pakistan.

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Xpress Money launches cash back scheme

Xpress Money, a leading global money transfer brand, has launched its Xpress Money Rewards Program, which provides customers a guaranteed cash back, each time they transact with Xpress Money. Customers who enrol for the program ge

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UAE Exchange in tie-up to automate treasury

UAE Exchange, a leader in global remittance and foreign exchange solutions, has tied up with SunGard, a top financial software company, to fully automate its treasury operations in a bid to boost its operational growth globally. T

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HBL launches free ATM-based remittance service in UAE

Habib Bank UAE has launched its ‘Remittance Through ATM’ - a new service which will enable customers in the UAE to remit money to Pakistan instantly and free through any of its ATMs in the country, in addition to its branch network.

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ICICI ties up with Sadad for remittance services

ICICI Bank has tied up with Sadad Electronic Payment Systems to offer remittance service for non-resident Indians (NRIs) based in Bahrain. The 'Touch n Remit' service is available through Sadad kiosks across the kingdom,

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