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UAE Exchange, Unimoni waive fee on Kerala fund remittancesLeading money transfer brands UAE Exchange and Unimoni have waived service fee on remittances to Kerala Chief Minister's Distress Relief Fund in the wake of the floods that has ravaged the Indian state of Kerala. The initiativ More… |
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Remittances to Jordan from UAE increase 5pcXpress Money, a global money transfer brand, has also witnessed a five per cent increase in remittances from UAE to Jordan in March as against the same period last year. In January, global remittances to Jordan increased by 4 per More… |
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Kuwait parliament okays fees on expat remittancesKuwaiti Parliament's financial and economic affairs committee has approved the bills stipulating fees on expatriates' financial overseas remittances, reported Kuwait News Agency (Kuna), citing a member. The commission appr More… |
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Remittances to developing markets to hit $6.5trnRemittances to developing markets are estimated to reach around $6.5 trillion between 2015 and2030, said an industry expert. These remittances have proved to be a powerful force in drastically improving the quality of people&rsquo More… |
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Xpress Money sees 12pc jump in Ramadan remittancesXpress Money, one of the leading money transfer brands in the UAE, said it has recorded a 12 per cent increase in remittances in the first two weeks of Ramadan compared to the same period last year. This growth is reflected in out More… |
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NBAD adopts Blockchain for remittancesThe National Bank of Abu Dhabi (NBAD) has become the first Middle East bank to introduce real time cross border payments on Blockchain technology. The new channel, implemented with global financial settlement solutions provider Ripple, More… |
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Saudi Arabia says no fees on expats' remittancesThe Saudi Arabia's Finance Ministry has announced that there would be no fees applied on remittances out of the country. Saudi Arabia is "committed to the principle of free movement of capital in and out of the kingdom, i More… |
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Kuwait mulls 5pc tax on expats' remittancesThe Kuwaiti government is planning to impose tax on expats’ remittances and companies besides privatisation of healthcare and education sector, said a report. A special ministerial committee has already prepared a package of More… |
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Remittances to developing countries to rise in 2016Remittances to low and middle-income countries (LMICs) are projected to hit $442 billion in 2016 – an increase of 0.8 per cent over the previous year, according to a World Bank report. Remittances to the Mena region are expe More… |
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70pc of remittances from Qatar went to S Asia statesSouth Asian countries are the largest beneficiaries of remittances originating from Qatar, according to Xpress Money, a leading money transfer brand. India, the largest recipient of remittances in the world received $3.99 billion More… |
