#UAE Exchange

UAE Exchange suitor in merger talks with Bahrain-headquartered BFC Group

Merger of Finablr assets and BFC would create regional financial services giant

UAE-Israeli consortium moves closer to reopening Finablr

Matrix International picked for financial compliance and fraud prevention

Investment bank Moelis & Company appointed for restructuring of UAE’s Finablr

In December 2020, Finablr agreed to sell off its business to an Israeli-UAE consortium for $1

Outward personal remittances from the UAE in Q1 2020 increased 7.8% y-on-y

The top five destination countries for remittances were India, Pakistan, Philippines, Egypt and the US

UAE Exchange starts issuing refunds – report

UAE Exchange, which operates more than 100 branches across the country, stopped all transactions in March