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Remittances to low-middle-income countries top $656bnAfter a period of strong growth during 2021-2022, officially recorded remittance flows to low- and middle-income countries (LMICs) moderated in 2023, reaching an estimated $656 billion, a report said, citing World Bank’s latest Migration a More… |
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Bank Al Habib Pakistan, Global Money Exchange Oman in remittances dealBank Al Habib Pakistan and Global Money Exchange Co are set to begin their remittance collaboration to bring about substantial benefits to the Pakistani diaspora in Oman. This collaboration will further s More… |
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Bahrain MPs back expat remittances taxBahrain's Parliament has unanimously approved a legislation to impose a 2% tax on expatriate remittances despite strong opposition from the government, a Gulf Daily News report said. The move More… |
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Astra Tech simplifies Nepalese expats' remittancesAstra Tech, a leading consumer technology holding group, has partnered with IME Nepal to introduce remittance services that guarantee quick and secure fund transfers to Nepal through the Botim Ultra app. More… |
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ADIB enhances mobile app for international money transfersAbu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has introduced enhanced features for international money transfers on its mobile app and internet banking. The improvements come as the bank reported a notable 20% year-on More… |
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76pc of UAE consumers expect to send money in 2023Citizens and residents of UAE expect to transfer more money internationally in the next 12 months, according to a study commissioned by Western Union. Exclusive insights show that 76% of consumers who send money and 75% of consumers who receiv More… |
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Mashreq partners with Bank Al Habib Limited PakistanMashreq Bank, one of the leading financial institutions in the UAE, has signed a strategic partnership with Bank Al Habib Pakistan to offer free remittance transfers from the UAE to Pakistan. The collaboration More… |
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Mashreq partners with Bank Al Habib Limited PakistanMashreq Bank, one of the leading financial institutions in the UAE, has signed a strategic partnership with Bank Al Habib Pakistan to offer free remittance transfers from the UAE to Pakistan. The collaboration More… |
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Global remittances flows seen at $5.4trn by 2030Global remittances, the hard-earned money sent by migrant workers to their family members in low- and middle-income countries (LMICs), grew by 8.6% in 2021 and is seen at $5.4 trillion by 2030, a figure twice the GDP of Africa in 2021. More… |
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Burgan Bank launches Fast International Transfer ServiceBurgan Bank has launched a new Fast International Transfer service in collaboration with MasterCard in Kuwait to offer fast and secure cross-border remittances across the globe. This new service is a step More… |
