Saturday 30 April 2016
 
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Remittance

Gulf expats to be biggest victims of oil shock

Saudi Arabia's army of migrant workers will be among the biggest losers from the slump in oil prices and the impact will reverberate to poor countries across the Middle East and South Asia where many of them originate. Saudi A

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India’s Axis Bank boosts remittance offering in GCC

Axis Bank, the third largest private sector bank in India, continues to expand its partner network across the GCC region aiming to further strengthen its remittance offerings, said a top official. The bank has a specific focus on

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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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