Latest news with #financialtransactions
Bloomberg
17-07-2025
- Business
- Bloomberg
Brazil Judge Backs Part of Lula Tax Decree, Easing Budget Strain
Brazil's Supreme Court upheld much of President Luiz Inacio Lula da Silva's decree that increased taxes on financial transactions, providing the embattled leftist a fiscal boost ahead of next year's election. The decision, handed down by Supreme Court Justice Alexandre de Moraes late Wednesday, reinstates the bulk of the so-called IOF tax whose increases Congress voted to overturn in June. Moraes struck down just one measure related to the taxing of supply-chain financing operations known as 'forfait.'
Yahoo
16-07-2025
- Business
- Yahoo
Half-year report on Pluxee N.V.'s liquidity contract as of June 30, 2025
Regulated information Half-year report on Pluxee N.V.'s liquidity contract as of June 30, 2025 Pursuant to the liquidity contract entered into by Pluxee N.V. with BNP Paribas, the following assets appeared on the liquidity account as of June 30, 2025: 198,165 Pluxee N.V. ordinary shares €6,347,475 During the period from January 1, 2025 to June 30, 2025, the following transactions were performed: Purchasing of 718,910 ordinary shares amounting to €14,773,178 (4,467 transactions). Disposal of 719,962 ordinary shares amounting to €15,127,389 (4,431 transactions). It is reminded that: In the previous half-yearly report as of December 31, 2024 the following assets appeared on the liquidity account: 200,439 Pluxee N.V. ordinary shares €5,878,911 During the period from July 1, 2024 to December 31, 2024, the following transactions were performed: Purchasing of 972,323 ordinary shares amounting to €19,626,472 (6,377 transactions). Disposal of 848,300 ordinary shares amounting to €17,195,841 (5,661 transactions). The following assets appeared on the liquidity account as of January 31, 2024 (start of contract): €10,000,000 About Pluxee Pluxee is a global player in Employee benefits and Engagement that operates in 29 countries. Pluxee helps companies attract, engage, and retain talent thanks to a broad range of solutions across Meal & Food, Wellbeing, Lifestyle, Reward & Recognition, and Public Benefits. Powered by leading technology and more than 5,000 engaged team members, Pluxee acts as a trusted partner within a highly interconnected B2B2C ecosystem made up of more than 500,000 clients, 37 million consumers and 1.7 million merchants. Conducting business for more than 45 years, Pluxee is committed to creating a positive impact on local communities, supporting wellbeing at work for employees and protecting the planet. For more information: Contacts Media Cecilia de Pierrebourg +33 6 03 30 46 98 Analysts and Investors Pauline Bireaud+33 6 22 58 83 Pluxee_PR Half Year Report on the Liquidity Contract_16072025
Khaleej Times
07-07-2025
- Business
- Khaleej Times
Some UAE residents miss school fees, medical payments after Al Ansari remittance delay
Some UAE residents who sent remittances over the weekend via Al Ansari Exchange said on July 7 that their families back home have yet to receive the money. The transactions that were supposed to be completed in minutes got delayed for more than 48 hours for some customers. The delay, caused by a technical glitch, happened on a busy weekend, when many expats — after getting their monthly salary — sent money back home earmarked for household expenses, education, rent, medical bills, and other expenditures. 'The money I sent on Saturday night is still sitting pretty in their (Al Ansari Exchange) system,' Indian expat S.P. told Khaleej Times, adding: 'I checked with them yesterday (July 6) and they were blaming NEFT (National Electronic Funds Transfer) collapse. I checked again today (Monday) and the money is still not yet credited to my family's bank account in India." 'I called an Al Ansari branch in Dubai and the staff admitted they experienced some 'technical issues' and assured the system will be up and running soon,' noted the Dubai-based Indian resident. 'Minor technical issue' In a statement sent to Khaleej Times on Monday, Al Ansari Exchange said: 'On Saturday, July 5, a minor technical issue was identified that affected the processing of certain financial transactions at Al Ansari Exchange, a wholly owned subsidiary of Al Ansari Financial Services PJSC, resulting in the unintentional transfer of funds to a small number of customer accounts." Al Ansari Exchange said their 'team responded immediately in close coordination with the relevant financial institutions, and the vast majority of the amounts were successfully recovered". 'We emphasise that regular daily transactions have not been impacted by this incident and continue to be processed as usual," the company underscored, noting: 'Additional preventative measures are being implemented to further strengthen our systems and prevent such occurrences in the future." Al Ansari Exchange also issued an apology 'for any inconvenience caused to those affected and thanked all parties for their cooperation and understanding". A quick call by Khaleej Times to one of Al Ansari Exchange branches on Monday confirmed the 'technical glitch' in the system on Saturday. 'It caused delays in processing the transactions. The system is back to normal today (Monday), but some customers might still experience some delays due to the backlogs over the weekend,' the staff added. 'I incurred a penalty' Marlon, a Filipino expat who has been using Al Ansari Exchange services for almost a decade, said it was the first time he encountered a delay in sending money to the Philippines on July 5. 'Unfortunately, the timing was so bad because I was not able to beat the deadline to pay for my son's school fees. Because of the delay, I incurred a penalty for late payment,' he told Khaleej Times. Dubai-based Kenyan expat Zee also experienced a delay in sending money for her mother's medical expenses. 'Every month, I send around Dh500 for my mother's medicines for diabetes and high blood pressure. There should be no delay for her to receive the money as it is very important for her medical condition,' she said. Both Marlon and Zee are still waiting for confirmation from their respective families if they have received the money. Popular among UAE residents Al Ansari Exchange is recognised as 'the UAE's largest remittance and foreign exchange company' and a subsidiary of Al Ansari Financial Services PJSC. It offers instant online money transfers to India and several other countries, including the Philippines, Pakistan, Bangladesh, Sri Lanka, Egypt, UK, and more. According to its website, Al Ansari Exchange 'has a network of over 260 branches, employing over 4,000 multilingual staff who cater to more than 3 million customers every month with fast, reliable and efficient service at very competitive rates.' The company also has a mobile app that contributes to around 14 per cent of the total number of transactions. Al Ansari Exchange is popular among UAE residents for its annual Dh1 Million Al Ansari Millionaire Promotion. Albert Rioflorido, a Filipino customer living in the UAE for the past 12 years, was named as this year's winner. The promotion, which ran from March 1 to May 29, attracted millions of participants who entered the draw by conducting qualifying transactions at the branch network and digital platforms. The UAE is the third-largest sender of remittances in the world, after the US and Saudi Arabia. Last year, Indian expats based in the UAE sent $21.6 billion to India, equivalent to 19.2 per cent of the total dollar inflows, ranking the UAE as the second-largest source of global remittance after the US.
Khaleej Times
02-07-2025
- Business
- Khaleej Times
Oman revises rules for bank transfers, makes IBAN mandatory
The Central Bank of Oman had earlier announced that the International Bank Account Number (IBAN) will be mandatory for all domestic financial transactions From July 1, 2025, Oman has implemented a new requirement for all financial transfers. The Central Bank of Oman had earlier announced that the International Bank Account Number (IBAN) will be mandatory for all domestic financial transactions. It also added that international transactions will accepted without an IBAN now. The IBAN was made mandatory for international transfers on March 31, 2024. According to the Central Bank of Oman, this initiative has significantly improved transaction accuracy, reduced errors, and accelerated processing times for both local and international bank transfers. On the Emirates NBD app in the UAE, users have seen an awareness message that asks them to delete and re-add beneficiaries in Oman with their IBAN. The advisory says, "In line with new regulatory mandates, IBAN is now a mandatory requirement for all payments to Sultanate of Oman, starting from July,1 2025." It added: "Please delete and re-add your beneficiaries in Oman using their IBAN to avoid payment failures. Kindly note a cooling period of 4 hours will apply for newly added beneficiaries." What is IBAN? The IBAN or International Bank Account Number is a standardised way to identify any bank account anywhere in the world, designed to make sending money across borders much less of a headache. It's like a universal postal code for a bank account that includes the country (like "AE" for the UAE), some security digits, and regular account details all rolled into one. Earlier, before the system was created, delays and mix-ups were common as banks couldn't properly identify where payments should go. Now, with IBAN covering most of Europe, the Middle East, and parts of the Caribbean, money gets where it needs to go faster and with fewer costly errors. This number doesn't replace the regular account number – it's just an extra layer that helps banks around the world speak the same language when handling international payments.
Yahoo
01-07-2025
- Business
- Yahoo
Apolonia Capital Secures Full Regulatory License from UAE Securities and Commodities Authority (SCA)
DUBAI, UAE, July 1, 2025 /PRNewswire/ -- Apolonia Capital, a UAE-headquartered firm, is proud to announce that it has received its full regulatory license from the UAE Securities and Commodities Authority (SCA). This achievement marks a significant advancement in the firm's mission to lead bold, cross-border financial transactions across the GCC, Asia, and select global markets. Dr. Abdulrahmaan Al Ansaari, Founder and Group CEO of Apolonia Capital, stated: "This license is a powerful endorsement of our institutional strength and long-term vision. It reinforces our role as a trusted financial partner for sovereign entities, family offices, and global institutions. Apolonia Capital is now fully equipped to deliver structured, high-impact solutions at the highest regulatory standards." Apolonia Capital is focused on strategic sectors including infrastructure, energy & natural resources, real estate, consumer focused industries and sustainability & energy transition, with a unique emphasis on bridging investment flows between Asia and the Middle East. Mr. Ali Nadir, Chief Executive Officer, added: "This milestone validates the world-class platform we've built. It enables us to scale our advisory capabilities and deepen our relationships with clients and partners across key global markets." With its regulatory foundation now fully secured, Apolonia Capital is poised to play a leading role in shaping the next generation of institutional finance in the region. For media and partnership inquiries:Email: info@ View original content: SOURCE Apolonia Capital Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
