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 ...

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 ...

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 Federation has asked the Central Bank to reconsider the decision and allow banks to resume their activities of transferring and rescheduling loans as such decisions limit the choices of the ...

ABU DHABI - The Ministry of Finance (MoF) and the Central Bank of the UAE (CBUAE) today signed a memorandum of understanding (MoU) to transfer the Ministry’s eDirham payment platform to the Central ...

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 ...