Al Ansari Financial Services Q1 2023

Al Ansari Financial Services reports dip in profits for H1 2023

It attributed the drop in net profit to predominantly lowered remittance margins, higher costs as well as an increase in financing costs

Al Fardan and Thunes partner to enable seamless cross-border payments

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

UAE Central Bank

UAE Central Bank gives in-principle approval for Wizz Financial to acquire UAE Exchange

Once finalised, UAE Exchange is expected to relaunch its branch network in the UAE

The Rise Of Remittance

As remittances grows, Gulf Business investigates whether huge currency volatilities present a challenge or an opportunity for investors.