Money Exchange News
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UAE: Exchange house fined Dh504,000 for violating rules
The Central Bank took the poor compliance history of the exchange house into account when issuing the fine. The UAE Central Bank has imposed ... -
Filipina wins Dh1m in Al Ansari Exchange draw in Dubai
Nina Elmina Sanchez from the Philippines won Dh1m in a draw streamed live. Dubai: Nina Elmina Sanchez from the Philippines won the Dh1 million ... -
Remittances from UAE to recover in 2021 after taking big hit in 2020
Decline in remittances to recover this year amid improving economic outlook: FERG. Remittances: Personal money transfers from the UAE, which fell by billions of ... -
Central Bank of Oman issues New Banknotes starting from 11 January 2021
Central Bank of Oman on Sunday announces the issuance new bank note denominations of 20 Rials, 10 Rials, 5 Rials, ½ Rial and 100 ... -
LuLu Exchange opens its 75th branch
Inauguration of the 75th branch of Lulu Exchange in the UAE by Abdulla Bin Touq Al Marri, Minister of Economy of the UAE in ... -
Is it the Time to Remit? How Indian, Pakistani currencies will fare in 2021
Both currencies will will gain in the first half of 2021, but lose in the second, say industry executives. Indian and Pakistani currencies will ... -
Kuwaiti Banks considers acquiring money exchange companies
There are 40 exchange companies under the supervision of the Central Bank of Kuwait. KUWAIT CITY: It is customary to find branches of money ... -
UAE Central Bank launches FinTech Office to develop a mature industry ecosystem
The UAE Central Bank has launched FinTech Office to develop a mature industry ecosystem within the UAE and position the nation as a foremost ... -
ZEE5 Global announces a partnership with Lulu Exchange to reach over 100,000 consumers across the middle east
The partnership will enable Lulu Exchange consumers to avail a 1-month free subscription of Zee5 Global against a successful transaction. Dubai: ZEE5 Global today ... -
Central Bank of UAE sets December 2, 2020 deadline for registration of all Hawala providers
The Central Bank of the UAE (CBUAE) has urged non-registered Hawala providers operating in the UAE to register to obtain the Hawala provider certificate ...
