Indian expat conducts free awareness sessions to help compatriots combat financial woes

For some, K.V. Shamsudheen is the lifeline that brought them back to their lives from the edge of suicide. For many others, he is the guiding star that led their lives to a brighter future. All that Indian expatriate K.V. Shamsudheen does to make these wonders is lending a sympathetic ear to the depressed souls …

UAE expats to pay more for sending money home

A few leading money exchange houses in the UAE have increased remittance fees by between seven and 10 per cent to “cope with the rising cost” of doing business. Fee for remittance below Dh1,000 has been increased by Dh1, up from Dh15 to Dh16, and for amounts above Dh1,000, to Dh22 from Dh20, Rajiv Pancholia, …

Send money to India now or wait

With India’s recent demonetisation drive injecting fresh liquidity into the country’s banking sector, the rupee has emerged much stronger – an outcome that was initially considered unlikely of not downright impossible. This hasn’t just left the analysts confounded, it’s left most non-resident Indians (NRIs) wondering what to do with their plans to remit bulk amounts …

These 5 free apps can help you save money in UAE

A big goal for most Dubai expats is to save up enough money and go back home with their savings in tow. Nowadays, a lot of residents look to live practical lives, while not being denied the occasional luxury. Some go as far as moving to other emirates to keep rent low. But here’s the …

Rupee sees slight decrease against UAE dirham

Indian rupee was trading lower by 5 paise at 64.96 against the dollar (17.62 against the dirham) at the Interbank Foreign Exchange after the US currency gained strength overseas. Forex dealers said that increased demand for the dollars from importers and the dollar’s gains against other currencies overseas put pressure on the rupee. However, a higher …

UAE reduces petrol prices for April

April is going to see a lot of happy drivers on the roads in the UAE, as fuel prices are set to drop for the first time in 2017. The UAE Ministry of Energy has announced that petrol prices for the month of April have been reduced, with consumers to pay Dh1.95 a litre for …

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Indians can now send full cash payments in UAE

After the bedlam that ensued after the demonetisation in India, the UAE’s Indian expats can now rest easy as the country relaxes its daily account withdrawal limits. With the availability of cash returning to normal, recipients can instantly collect the full amount in cash across the 55,000 outlets of Xpress Money in India. Indian expats …

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India’s Federal Bank to open at DIFC

Federal Bank, a leading Indian private sector bank, said on Sunday that it would launch full-fledged wholesale banking services for catering to trade and industries from the Dubai International Financial Centre this year. Ganesh Sankaran, the newly-appointed executive director of the lender, said the bank would also make its debut in Bahrain this year. The …

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How to save on electricity bills in Dubai

Is your electricity bill burning a hole in your pocket? We bring you some tips that can help you save energy and slash your electricity bills. Follow the tips below: 1: Cooling appliances: While using an air conditioner, keep the thermostat set at 24°F; or higher, and on “auto,” not “on”. This can help you …

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Rupee drops against dollar, reaches 18.16 vs dirham

The rupee was trading lower by 4 paise at 66.96 against the dollar (18.16 vs dirham) in early trade today at the forex market as the American unit strengthened overseas. ‘Forex dealers said increased demand for the US currency from importers and the greenback’s gains against other currencies overseas, put pressure on the rupee. On …