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 More… |
 |
Doha Bank in Philippines remittance dealDoha 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 More… |
 |
UAE Exchange honoured for brand excellenceUAE 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, More… |
 |
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 More… |
 |
Xpress launches flat fee for India transfersXpress 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 More… |
 |
BFC opens new branch in BahrainBahrain 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 More… |
 |
Etisalat plans to boost mobile remittancesEtisalat 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. More… |
 |
Concern as expat remittances from Saudi soarAn estimated nine million foreign workers and their dependents in Saudi Arabia remitted 26.8 billion riyals ($7.1 billion) out of the country in the second quarter of this year, central bank data shows. That amount was equivalent to 17 per More… |
 |
Egypt bank closures cut off vital Gulf remittancesThe closure of Egyptian banks has prevented Gulf-based Egyptians, who make up the bulk of the population living abroad, from sending vital remittances back to the country, exchange operators said on Tuesday. Egypt, racked by political unre More… |
 |
Summit sees upturn in money transfer marketWhile there has been a slight decline in private financial transfers in the last year, a perceptible improvement in the remittances business is anticipated in 2010, said an expert at a money transfers summit in Dubai. Leon Isaacs, managing More… |
