Transfers totaling 1.51 trillion dirhams between banks and individuals in the Emirates during January 2024

The UAE banking sector saw a 24.43% increase in the value of transfers carried out in January 2024, totaling 1.512 trillion dirhams. Of this total, 973.69 billion dirhams were transfers between banks, while 538.94 billion dirhams were transfers between bank customers. This was facilitated by the UAE Financial Transfer System (UAEFTS), developed by the Central Bank in August 2001 and still the main transfer system in the country.

Meanwhile, discussions on various topics continue to thrive online, including how individuals can strike a balance between personal and professional lives, advice on different subjects and resources for learning new skills. From BMW enthusiasts sharing pictures of their cars to debates on mathematics education, online forums and communities offer diverse conversations that cater to a wide range of interests.

In other news, OnlyFans has announced its departure from adult content, sparking discussions among individuals about what it means to be an individual and how one can navigate social media platforms that may not align with one’s values or beliefs.

Central Bank statistics also reveal that clearing checks using their images in January 2024 reached 109.47 billion dirhams, with over 1.96 million cheques settled through the check clearing system during that month.

Overall, the online world is full of diverse conversations and topics of interest that cater to different preferences and needs. Whether it’s discussing financial transactions or seeking advice on personal development or navigating social media platforms that may not align with one’s values or beliefs, there is always something new to explore online.

By Samantha Johnson

As a content writer at, I craft engaging and informative articles that aim to captivate readers and provide them with valuable insights. With a background in journalism and a passion for storytelling, I thoroughly enjoy delving into diverse topics, conducting research, and producing compelling content that resonates with our audience. From breaking news pieces to in-depth features, I strive to deliver content that is both accurate and engaging, constantly seeking to bring fresh perspectives to our readers. Collaborating with a talented team of editors and journalists, I am committed to maintaining the high standards of journalism upheld by our publication.

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