UAE citizens are viewed as attractive customers, so banks have been competing aggressively to persuade them to pay off loans from rival institutions and transfer the business to them. This ignited ...

Dubai The banks have fully migrated to the UAE Fund Transfer System (UAEFTS) that enables them to conduct all interbank local fund transfers denominated in the dirham through a single fund ...

Emirates NBD, a leading banking group in the Middle East ... reshaping the remittance and money transfer landscape in the UAE. With Visa+, Emirates NBD customers can transfer funds easily to ...

The Central Bank of the UAE has decided to amend the terms governing personal loans and finance transfer from one bank or finance company to another, obligating banks and finance firms to reduce ...

Key Takeaways Careem Pay enables seamless bill payments, purchases with the Careem App mobile accounts.Google Pay supports ...

With cashless transactions forming a major part of the UAE economy, some students have developed a solution that enables ...

Defaulting on a bank loan in the UAE is regulated by the Commercial Code ... Additionally, the customer agrees to transfer the monthly income and end-of-service benefits to the bank for the ...

The value of transfers executed in the UAE banking sector through the UAE Funds Transfer System (UAEFTS) reached about AED1.512tn ($412bn) in January 2024, according to the latest statistics from the ...

The payment was sent by Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court and Chairman of the Board of the Central Bank of the UAE (CBUAE ..