Sending money home will get quicker and easier in the future, thanks to FinTech (Finance Technology).
Using an app to send money home could be commonplace in the not too distant future.
That's according to Sudhesh Giriyan, CEO of Xpress Money, who says digitisation has really gained ground in the last few years.
He adds that people might be hesitant to use apps in the beginning, but he's confident they will start using them more.
Wall Street soars as traders bet on potential war off-ramp
Wall Street ended sharply higher on Tuesday, lifted by speculation about a potential de-escalation in the Middle East conflict that has sent oil prices soaring and fuelled fears of global inflation in recent weeks.
US trade chief sees only limited role for WTO
The World Trade Organisation will play only a limited role in global trade policy after a failed ministerial meeting in Cameroon, US Trade Representative Jamieson Greer said on Monday, vowing to seek alternative arrangements with like-minded countries.
Dubai South awards AED 2 billion contract for development of 'Hayat' project
Dubai South Properties has awarded a AED 2 billion contract for the development of multiple phases of the 'Hayat' project, a luxury master-planned community spanning 10 million square feet.
Australia to halve tax on fuel, underwrite spot cargoes
Australian Prime Minister Anthony Albanese has announced on Monday that the government would halve the excise on fuel and diesel and remove the heavy road user charge for three months to help households cope with a surge in costs driven by the Iran war.
Business leaders affirm strength of Dubai's diversified economic model
Leaders of Business Groups operating under the Dubai Chamber of Commerce say the emirate continues to build on a strong and resilient economic model, driven by diversification, close public-private sector collaboration, and the ability to respond quickly to global change.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call on Tuesday from Vladimir Putin, President of the Russian Federation.
UAE air defences intercepted 8 ballistic missiles, 4 cruise missiles and 36 drones launched from Iran on Tuesday, the Ministry of Defence said.
His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, discussed the repercussions of Iran's attacks targeting the UAE and several regional countries during a meeting with Nikos Dendias, Greece's Minister of National Defence, on Tuesday.
