Business | Banking
UAE Central Bank to launch debit system on June 15
Finance and investment firms must be prepared to go live on launch date
I agree with the first comment. Perhaps the government can look into making rents paid on monthly basis to avoid many other issues arising from properties for rent.
Hajer, Dubai, United Arab Emirates
Will this be enforced so that everyone can pay monthly for renting a property like its done in the rest of the world? Its crazy that everyone is paid monthly but expected to pay rent annually or at best quarterly in advance. I'd love to see cheques disappear completely, replaced by free bank transfers and the monthly direct debit enforced for all mid-long term payments. I works everywhere else in the world.
grumpy, dubai, United Arab Emirates