UAE’s banking sector saw a 24.43% increase in transfer value in January 2024, with a total of 1.512 trillion dirhams made through the UAE Financial Transfer System (UAEFTS). Out of this amount, 973.69 billion dirhams were transfers between banks and 538.94 billion dirhams were transfers between bank clients.

Developed by the Central Bank in August 2001, UAEFTS is the primary transfer system in the country that allows instant fund transfer between entities. Meanwhile, Central Bank statistics show that checks cleared using their images in January 2024 were worth 109.47 billion dirhams, with over 1.96 million checks cleared through the check clearing system during that month.

The online world is full of different conversations and topics of interest, including discussions about math education and BMW enthusiasts sharing pictures of their cars. However, recent news about OnlyFans’ departure from adult content has sparked controversy among individuals and raised questions about how to strike a balance between different online communities.

As a journalist, it’s important to keep up with these developments and provide readers with accurate information and insights into various topics of interest in the digital age. Whether it’s financial transfers or online forums, there are always new stories to report on and ways to present them in a unique way that keeps readers engaged and informed.

By Samantha Johnson

As a dedicated content writer at, I immerse myself in the art of storytelling through words. With a keen eye for detail and a passion for crafting engaging narratives, I strive to captivate our audience with each piece I create. Whether I'm covering breaking news, delving into feature articles, or exploring thought-provoking editorials, my goal remains constant: to inform, entertain, and inspire through the power of writing. Join me on this journalistic journey as we navigate through the ever-evolving media landscape together.

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