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CBUAE, SWIFT to boost speed of cross-border transactions 05 May 2021 The UAE Central Bank headquarters in Abu Dhabi. WAM The Central Bank of the UAE (CBUAE) has announced that it has been working with SWIFT on an initiative to further enhance the speed and transparency of cross-border payments. The CBUAE will be the first central bank globally to implement such an initiative. The integration between the CBUAE’s domestic UAE Funds Transfer System (UAEFTS) and SWIFT’s ‘gpi Tracker’, will allow financial institutions sending cross-border payments to the UA...

The CBUAE will be the first central bank globally to implement such an initiative. The integration between the CBUAE’s domestic UAE Funds Transfer System (UAEFTS) and SWIFT’s ‘gpi Tracker’, will allow financial institutions sending cross-border payments to the UAE to benefit from increased transparency, certainty, and seamless transmission between the SWIFT network and the UAEFTS. “We are delighted to launch this initiative as it further enhances the attractiveness of the UAE financial market, strengthens the interoperability between international and domestic payment systems and in...

Press release content from Business Wire. The AP news staff was not involved in its creation. United Arab Emirates (UAE) Cards and Payments Market Opportunities and Risks Report 2021-2024 - ResearchAndMarkets.com April 12, 2021 GMT DUBLIN--(BUSINESS WIRE)--Apr 12, 2021-- ‘United Arab Emirates (UAE) Cards and Payments - Opportunities and Risks to 2024’ report provides detailed analysis of market trends in the Emirati cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, direct debits,...

FTA, SEDD hold tax workshop for industrial investors 3 hours ago Picture used for illustrative purpose. The Federal Tax Authority (FTA) and Sharjah Economic Development Department (SEDD) organised the second virtual tax workshop for investors in the industrial sector. This workshop dealt with the country’s legislation and tax procedures, with the aim of overcoming obstacles that investors may face to provide support to companies and factories operating in the emirate. Also, it highlighted procedures related to value added taxes, as well as FTA’s role in adm...

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