#UAE Exchange

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

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