Decline in remittances to recover this year amid improving economic outlook: FERG. Remittances: Personal money transfers from the UAE, which fell by billions of UAE dirhams last year due to the crisis induced by the coronavirus pandemic, is poised to recover this year amid improving economic outlook, an industry source said. From July to September ...

An exclusive interview with Osama Al Rahma, Vice-Chairman, FERG In a nation that acts as a hub for both expatriate workers and tourists from all over the world, money exchange and remittance providers occupy a special place in the economy – and in the UAE, these businesses are world-leading. “These businesses have been regulated and ...