Latest news with #Refai
Ammon
18-05-2025
- Business
- Ammon
Uber, Careem drivers renew their complaints against companies
Ammon News - Drivers using smart transportation apps renewed their complaints about the high percentages deducted by companies for each trip. Lorans Refai, head of the Captains and Drivers Committee, pointed out that the Land Transport Regulatory Commission had previously decided to set limits and ceilings for companies' percentages, not exceeding 22% and not falling below 15%, however, the current deduction reaches 30% for each trip. Refai told "Ammon News Agency" that drivers are demanding that work permits for transportation be floated, so that permits can be issued to the same driver with any company, rather than in the name of a single company, explaining that both Uber and Careem hold approximately 11,500 driver permits out of a total of 13,000, in addition to reducing permit fees to JD200 annually, instead of JD400. The government had tasked the Land Transport Regulatory Commission in April with activating the e-link between the systems it specifies and the smart passenger transport application systems, and updating the instructions for licensing companies and granting permits to achieve service quality and compliance standards and enhance competitiveness in this mode. However, the authority has not issued any such statement to date, he added. Also, the drivers are calling for the vehicle's service life to be extended to 10 years and for the maximum driver age limit to be increased from 60 to 65. In addition, he stated that if their demands continue to be ignored, drivers will be forced to intensify their protests—beginning with sit-ins and partial strikes, and eventually parking their cars at home and not moving them for the benefit of companies. For her part, Abla Washah, spokesperson for the Land Transport Regulatory Commission, confirmed that the commission is reviewing the drivers' demands and is not standing against them. Washah told "Ammon News Agency" that the commission respects all parties, noting that all demands are under review and that it will do what is in the best interest of all parties. The commission had previously responded to drivers' demands and increased the operational lifespan of vehicles from 5 years to 7, she added.
Associated Press
04-03-2025
- Business
- Associated Press
Refai Reshapes Loan Terms & Interest Costs for Australian Homeowners Via AI-Powered Solutions
03/04/2025, East Brisbane, QLD // KISS PR Brand Story PressWire // For Australian homeowners, mortgage repayments can feel like a never-ending burden. With the help of artificial intelligence, however, they can pay off a home loan faster while saving thousands in interest. Refai, a financial technology company, is helping homeowners have access to smarter mortgage reduction strategies that make financial freedom a reality. By identifying inefficiencies in loan structures and repayment patterns, Refai's innovative platform helps borrowers eliminate unnecessary interest costs and reduce their mortgage terms by 10 to 15 years. Instead of relying on one-size-fits-all refinancing options, this AI-driven system tailors strategies to each homeowner's unique financial situation, helping them pay off their loans faster without major lifestyle sacrifices. With rising property prices and unpredictable interest rate changes, Australians can no longer afford to leave their mortgage strategy to chance. 'Most homeowners are paying far more than necessary simply because they don't realize better options exist,' explains a Refai spokesperson. 'Our AI technology uncovers potential savings and shows borrowers strategies to reduce their loan terms and minimize interest payments.' The company's system analyzes key factors such as outstanding balances, income flow, and repayment habits. It then provides homeowners with clear, data-driven strategies on how to optimize their path to homeownership—whether by adjusting payment structures, refinancing at the right time, or managing cash flow more efficiently. By removing the complexity from mortgage management, Refai enables borrowers to make smarter financial decisions with confidence. Unlike traditional refinancing, which often focuses on short-term rate reductions, its AI tool goes deeper, offering long-term data breakdowns. Homeowners can use the platform to explore different repayment scenarios, identify interest-saving opportunities, and take proactive steps to shorten their loan terms. This often results in cutting a decade or more off their mortgage. With household budgets under increasing pressure from rising interest rates, the ability to pay off a mortgage sooner is more valuable than ever. Many homeowners don't realize that waiting too long to optimize their loans could mean paying tens of thousands more in interest. Refai helps Australians avoid that mistake by providing instant, personalized insights that make reducing mortgage debt easier and more achievable. By harnessing AI-powered solutions, Refai is not only changing how Australians manage their home loans but also empowering homeowners to take control of their financial future. With the right tools, borrowers can eliminate interest waste, accelerate their mortgage payoff, and secure long-term financial stability. Founded by Marcus Jovanovich & Michael Eastwood, Refai is an Australian technology platform that helps homeowners accelerate mortgage repayment using AI-driven insights. By analyzing individual financial situations, Refai identifies powerful strategies that potentially reduce interest costs and shorten loan terms—often cutting mortgage timelines to 7–10 years instead of 30. Through AI-powered tools and strategic consultations, the company empowers Australians to take control of their home loans and achieve financial freedom faster.
