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UAE remittance business booms
- United Arab Emirates: Saturday, September 16 - 2006 at 08:32
The money transfer sector is booming in the Gulf and remittance rates are becoming increasingly competitive, reported Gulf News. In the UAE, those seeking instant transfers now pay around Dhs20-40 per transaction to wire money home in just a matter of minutes. Bank account transfers, while taking several days, are much cheaper and workers can send money back to Egypt for around Dhs5 and to India for Dhs8.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, September 16 - 2006 at 08:32 UAE local time (GMT+4)
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This article was updated on Wed Oct 04 2006.
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