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UAE banks handle cheques worth $326bn in 11 monthsA total of 22.5 million cheques worth Dh1.2 trillion ($326 billion) were handled by the UAE Clearing Cheque System during the first eleven months of 2018, according to statistics released today by the Central Bank of United Arab Emirates (CBUAE) More… |
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UAE banks handle over 12m cheques in 5 monthsThe number of cheques that passed through the UAE’s cheque clearing system reached 12.060 million during the first five months of 2018, with a total value of around Dh592 billion($161.2 billion), a media report said. The val More… |
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UAE cbank handles $241bn cheques in 7 monthsA total of 17.815 million cheques worth Dh886.7 billion have been handled by the Cheque Clearing System during the first seven months of 2017, UAE Central Bank said. The number of cheques cleared during July reached 2.66 million w More… |
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$205bn worth of cheques handled in H1: UAE cbankA total of 15.151 million cheques worth Dh755 billion ($205.5 billion) were handled by the Cheque Clearing System during the first half of the year, UAE Central Bank was quoted as saying in a media report. Bounced cheques since Ja More… |
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ENBD to integrate blockchain tech into chequesEmirates NBD, a leading banking group in the region, has launched ‘Cheque Chain,’ an initiative that will integrate blockchain technology into cheques to strengthen their authenticity and minimise potential fraud. &nbs More… |
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Bahrain banks told to replace old chequesThe 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 More… |
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Bouncing cheques still a crime for expats in UAEForeigners 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. More… |
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Bahrain Banks launch new design chequesBanks 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 More… |
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Barclays opens Abu Dhabi branchBarclays 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 More… |
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CBB clears cheques worth $9.9bn in 2007The 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- More… |
