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UAE's remittance apps and users will be fast to take up 'conversational AI'

Conversational AI will find a ready user market in digital financial services ....

Chatbot Chatbots , Adeeb Ahamed , Foreign Exchange Remittance Group , Lulu Financial Holdings , Image Credit , Middle East , Managing Director ,

UAE exchange houses have got a fintech vibe about them now

With UAE’s new-gen digital banks launching, watch out for synergies ....

Adeeb Ahamed , Remittance Group , Foreign Exchange , Foreign Exchange Remittance Group , Lulu Financial Group , Image Credit , Wage Protection System , Digital Economy , Managing Director ,

UAE's fintech sector is getting its 'eureka' moment: Adeeb Ahamed of LuLu Financial

UAE's fintech sector is getting its 'eureka' moment: Adeeb Ahamed of LuLu Financial
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Hong Kong , United Kingdom , Adeeb Ahamed , Foreign Exchange Remittance Group , Image Credit , Tech Hive , Managing Director , Lulu Financial , ஹாங் காங் , ஒன்றுபட்டது கிஂக்டம் , வெளிநாட்டு பரிமாற்றம் பணம் அனுப்புதல் குழு , படம் கடன் , தொழில்நுட்பம் ஹைவ் , நிர்வகித்தல் இயக்குனர் , லுலு நிதி ,

UAE's Indian rupee remittances wait for another drop below 20 to a dirham

Dubai: Higher Indian rupee remittances from the UAE might have to wait until August or September, by which time it could be in 20.15-20.28 to the dirham (74.74.50 against dollar). On Thursday (June 10), a dirham was fetching 19.87 rupees.
If so, this would be a sharp improvement on the present remittance flows to India, which had slowed considerably in the year-to-date after a prolonged slump last year. The layoff of over 150,000 Indian workers amidst the pandemic was reflected in the 17 per cent drop in remittances in 2020, according to the latest World Bank report.
At 20.15-20.28 levels to the dirham would be a “good opportunity for remittances,” said Rajiv Raipancholia, CEO of Orient Exchange and Secretary of FERG (Foreign Exchange Remittance Group). ....

United Arab Emirates , Antony Jos , Rajiv Raipancholia , Orient Exchange , Joyalukkas Group , World Bank , Foreign Exchange Remittance Group , Indian Rupee , Image Credit , Higher Indian , Reserve Bank , ஒன்றுபட்டது அரபு அமீரகங்கள் , ஆண்டனி ஜோஸ் , ஆரியெஂட் பரிமாற்றம் , ஜோயாலுக்கச் குழு , உலகம் வங்கி , வெளிநாட்டு பரிமாற்றம் பணம் அனுப்புதல் குழு , இந்தியன் ரூபாய் , படம் கடன் , இருப்பு வங்கி ,

Sterling's three-year high weakens the remitting power of British expatriates

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British expatriates in the UAE who regularly send money home have been feeling the squeeze as an empowered pound has risen against a diminished US dollar.
With Brexit uncertainty being supplanted by an economy plotting a positive course beyond Europe and the Covid-19 pandemic, the dollar-pegged UAE dirham has been buying noticeably less sterling in recent months.
And that could impact savings, purchasing power or render UK-domiciled bills more burdensome for some Britons in the UAE.
In early trading on Tuesday, sterling rose 0.2 per cent to $1.4240 after briefly hitting $1.4248 against the greenback – its highest level in three years and marking a second straight monthly gain of 2.8 per cent in May, according to Reuters. ....

Kuala Lumpur , United Arab Emirates , United Kingdom , Adeeb Ahamed , Stuart Ritchie , Antony Jos , Bryan Dixon , Gaurav Kashyap , Richard Wilcox , England Monetary Policy Committee , Lulu Exchange , National Bonds , Federal Reserve , Lulu Financial Group , Lulu Financial Group Antony Jos , Lulu Financial Group Adeeb Ahamed , Joyalukkas Exchange , Foreign Exchange Remittance Group , United Kingdom Domiciled , Espace Real Estate , Monetary Policy Committee , United Kingdom Bound , Foreign Exchange , Remittance Group , British Dads Dubai , David Dunn ,