Jakarta / WAM Electronic money (e-money) transactions conducted in the country in 2015 reached Rp5.2 trillion in value, up from Rp4.3 trillion in 2014, Governor of Bank Indonesia(BI) AgusMartowardojo said. “In 2009, electronic money transactions were valued at about Rp520 billion only, and now they have reached Rp5.2 trillion,” the central bank governor said while opening the National Non-Cash Movement ...

New York / AFP Iran remains essentially off limits to US banks, despite the lifting of some US sanctions following the landmark Iranian nuclear deal. The Obama administration in mid-January eased several restrictions on doing business with Iran, including former “secondary” sanctions that had threatened to penalize companies outside the US for their business with Iran, as well as some ...

Ritika Sharma / Emirates Business India has yet again cemented its position as one of the major business allies for the UAE. Dubai Airport Freezone Authority (DAFZA) has reported a strong year for Indian companies in the freezone. DAFZA has reported a 23 percent increase in the number of Indian companies operating within the freezone during 2015. Official statistics reveal ...