UAE remittances costs are set to rise.

UAE remittance fees set to increase by 15%

The Central Bank of UAE (CBUAE) has given the green light to the Foreign Exchange and Remittance Group (FERG) to allow their members to implement an optional strategic fee adjustment

Remittances rise by 5%, reveals world bank report

Remittances see 5% rise in 2022, reveals World Bank report

Remittances to the developing countries of the MENA region are estimated to have grown 2.5 per cent in 2022 to $63bn, compared to a 10.5 per cent growth last year

UAE investments in H1 2022 rise 169.1% to Dhs1.9bn

UAE investments in Egypt rise 169.1% in first half FY 2022

The value of the trade exchange between Egypt and the UAE increased to about $1.2bn during the first quarter of 2022, an increase of 1.4 per cent over the same period in 2021

Kuwait MPs submit proposal to impose fee on money transfers out of country

Lawmakers have called for a 2.5 per cent fee on all money transfers out of the country

Dubai-based fintech Rise eases remittances with new app

Xare allows users share access to their account and credit card with friends and family


UAE expat remittances amounted to Dhs79.6bn in H1 2020

India was the biggest recipient country of these remittances followed by the Philippines, Pakistan, Bangladesh, Egypt, and the US

Adeeb Ahamed New

LuLu Financial Holdings’ MD Adeeb Ahamed on the Covid crisis, remittances and plans ahead

UAE-based LuLu Exchange contributes to nearly 1.7 per cent of the global remittance inflows, reveals Ahamed

Outward personal remittances from the UAE in Q1 2020 increased 7.8% y-on-y

The top five destination countries for remittances were India, Pakistan, Philippines, Egypt and the US

UAE Exchange starts issuing refunds – report

UAE Exchange, which operates more than 100 branches across the country, stopped all transactions in March

World Bank sees record 20% slump in remittances due to virus

The US has long been the top source for outflows, with other major countries including the United Arab Emirates, Saudi Arabia, Switzerland, Germany and Russia