Sunday 13 July 2014

Bahrain banks told to replace old cheques

The Central Bank of Bahrain (CBB) has directed retail banks to expedite replacing their customers’ old design cheques with new cheques which contain new standards and specifications. The directive is in line with the cheque


Bouncing cheques still a crime for expats in UAE

  Foreigners still risk being imprisoned for bouncing cheques in the United Arab Emirates, as a government order which decriminalises the offence applies only to local citizens, an official statement said.  


Bahrain Banks launch new design cheques

Banks in Bahrain have begun issuing newly designed cheques to their customers, from January 1 this year, said a top official of the Central Bank of Bahrain (CBB). Ahmed Buhijji, director of Banking Services Directorate at the CBB, fur


Barclays opens Abu Dhabi branch

Barclays has officially inaugurated its first branch in Abu Dhabi in the presence of guests and employees. The new branch will offer a wide variety of banking services and complete teller facilities. It is equipped with state of the art c


CBB clears cheques worth $9.9bn in 2007

The Central Bank of Bahrain (CBB) Clearing House processed cheques valued at BD3.74 billion ($9.9 billion) in 2007, an increase of 25.6 per cent over the previous year. The incidence of returned (or dishonoured) cheques declined to an all-


HSBC implements new cheque system

HSBC has installed an innovative electronic cheque clearing system which has been implemented by Raqmiyat based on technology and software provided by US-based Unisys and UK-based Aperta. More than 30 other banks in the UAE have also

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