central bank of the uae News

The Pros and Cons of Freight Apps: The Phenomenon of Low Freight Rates Amid Market Transformation

This article analyzes the rise of freight apps in the logistics market and their impact on pricing, drivers, and companies. While freight apps provide convenience for users, they have not fundamentally addressed the issue of excess capacity leading to falling prices. Additionally, businesses and logistics companies still prefer to collaborate with familiar partners, and the role of information departments has not been replaced by apps.

07/18/2025 Logistics

Exploring Key Elements of the New Customs Declaration: The Significance of Consignors and Production Sales Units

In the new customs declaration form, the definitions and reporting requirements for consignees, consignors, and production and sales units are crucial. The consignee and consignor must be legally registered entities, ensuring they are party to the foreign contract. In special cases, the contract executing entity must be specified. The production and sales unit must report the organization that actually participates in the production or sale of goods to ensure accurate information.

07/21/2025 Customs Knowledge

SWIFT Codes Essential for International Transfers to Iraq

This article details the SWIFT code CBIRIQBAXXX of the central bank and explains how to smoothly transfer funds to Baghdad. It also explores the impact of fees and exchange rates on the remittance amount, helping readers optimize their remittance experience.

08/21/2025 International Settlement

SWIFT Code Guide for International Transfers in St Kitts and Nevis

This article introduces the SWIFT code ECCBKNSKXXX of the Eastern Caribbean Central Bank in Saint Kitts and Nevis. It elaborates on the significance and use cases of this code in international remittance, assisting readers in successfully completing their transfer transactions.

08/18/2025 International Settlement

SWIFT Codes Essential for Smooth International Money Transfers

This article analyzes the SWIFT code CBEGEGCX001 of the Central Bank of Egypt, emphasizing its importance in international remittances. It provides key points and recommendations to consider during the remittance process, ensuring that funds are secure and reach their destination quickly.

08/22/2025 International Settlement

SWIFT Codes Essential for Accurate Crossborder Payments

This article introduces the SWIFT code RIKSSESSD02 of the Sveriges Riksbank (Swedish Central Bank), emphasizing its importance in ensuring the accuracy and security of cross-border remittances. Using this code helps avoid transfer delays and ensures low fees and timely arrival.

08/20/2025 International Settlement

Banco Central De Chile Clarifies Swift BIC Codes for Global Transfers

The SWIFT/BIC code of the Central Bank of Chile is BCECCLRMFES, located in Santiago, and serves as vital information for international remittances. Utilizing this code enhances transfer efficiency and ensures that funds reach their destination safely and on time.

08/14/2025 International Settlement

The ‘belt and Road’ Initiative Promotes the Recovery and Development of the Shipping Industry

The Belt and Road Initiative has created new development opportunities for the global shipping industry, promoting infrastructure connectivity and enhancing international trade ties. The growth of agricultural development and cold chain logistics has energized the shipping sector. Additionally, Guangzhou, as a key shipping hub, is continuously enhancing its port logistics capabilities while actively planning for future development.

07/21/2025 Logistics

Guide to Using BEACCMCX091 SWIFT Code for Global Transfers

The article highlights the importance of the SWIFT code BEACCMCX091 for the Central African States Bank, emphasizing the necessity of using the correct SWIFT code for cross-border remittances. It underscores how accurate codes enhance transaction efficiency and ensure the security of funds.

08/12/2025 International Settlement

Guide to Using SWIFT Codes for International Remittances

This article discusses the SWIFT code of the Central Bank of Iraq and its significance in international remittances. It provides practical information for remitting to France and emphasizes the importance of using the SWIFT code accurately, offering effective guidance to ensure smooth remittances.

08/21/2025 International Settlement

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The Pros and Cons of Freight Apps: The Phenomenon of Low Freight Rates Amid Market Transformation

Exploring Key Elements of the New Customs Declaration: The Significance of Consignors and Production Sales Units

SWIFT Codes Essential for International Transfers to Iraq

SWIFT Code Guide for International Transfers in St Kitts and Nevis

SWIFT Codes Essential for Smooth International Money Transfers

SWIFT Codes Essential for Accurate Crossborder Payments

Banco Central De Chile Clarifies Swift BIC Codes for Global Transfers

The ‘belt and Road’ Initiative Promotes the Recovery and Development of the Shipping Industry

Guide to Using BEACCMCX091 SWIFT Code for Global Transfers

Guide to Using SWIFT Codes for International Remittances