The budget has introduced changes for NRIs such as an increase in the rate of capital gains and remittances
It attributed the drop in net profit to predominantly lowered remittance margins, higher costs as well as an increase in financing costs
Al Fardan’s customers can now send money not just to bank accounts, but also to mobile wallets and cash pickup points in 87 countries
Once finalised, UAE Exchange is expected to relaunch its branch network in the UAE
As remittances grows, Gulf Business investigates whether huge currency volatilities present a challenge or an opportunity for investors.