Page 2 - Orient Exchange News Today

Advisory board member: Mr. Osama Al Rahma Rajiv Raipancholia, Secretary, FERG Image Credit: Supplied FERG’s committee members was elected in November 2020 and announced during the Annual General Meeting (AGM). The committee members include Al Ansari Exchange, Al Fardan Exchange, Al Ghurair Exchange, Al Razouki International Exchange, Al Rostamani International Exchange, Joy Alukkas Exchange, Index Exchange, LuLu International Exchange, Orient Exchange, Redha Al Ansari ...

SHARE The digitalisation of the UAEs remittance industry picked up in 2020 as a result of Covid-19-related movement restrictions, with many providers reporting exponential growth in money transfers through mobile apps. “The major trend in the UAE remittance industry this year is the adoption of digital channels faster than what we have seen in the previous years,” says Rashed Al Ansari, chief executive of Al Ansari Exchange. “The pandemic has warped the speed of adoption for existing digi...

Time to remit? How Indian, Pakistani currencies will fare in 2021 Waheed Abbas/Dubai (KT file photo) Both currencies will will gain in the first half of 2021, but lose in the second, say industry executives. Indian and Pakistani currencies will witness a “seesaw trade” next year, strengthening in the first-half but likely to weaken in the later part of 2021, industry executives have said. They noted that remittances from the UAE are expected to stay strong next year. Rajiv Raipancholia, CEO...