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AL FARDAN EXCHANGE L.L.C LAUNCHES PIONEERING NEW BANK NOTE DIVISION

Dubai, UAE: In line with ongoing efforts to provide uncompromising and modernized services to enhance customer experience, Al Fardan Exchange L.L.C announces the launch of a new bank note division, a first-of-its-kind in the market, which will serve as a means to seamlessly move money around worldwide.
Strategically located in Deira, Dubai, the novel bank note division is fully equipped with state-of-the-art currency and value counting machines, which operate three times faster than traditional systems and are designed to recognize all currency types. Al Fardan Exchange is one of the highest international bank notes clearer in the region, and the highest in the UAE. ....

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Al Fardan Exchange L..L.C launches pioneering new bank note division

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FERG reports growth in remittances by women in the UAE

FERG reports growth in remittances by women in the UAE
ABU DHABI, 25 days
ago
Highlighting the growing participation of women in the global economy, the UAE’s Foreign Exchange and Remittance Group (FERG) has revealed that there was an increase in remittances by women in the UAE in 2020.

According to data collected by FERG from its member exchange and remittance companies, on average women represented 25% of remitters in the UAE in 2020. The data also revealed that remittances by Asian women in the UAE saw the most significant year-on-year growth, followed by Arab and African women, respectively. The top corridors with the highest remittances done by women in the UAE are the Philippines, India, Pakistan, Nepal, Sri Lanka, Indonesia, Egypt, Morocco and Uganda. ....

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Female expats in the UAE more likely to remit a higher portion of their salaries than men

The report did not provide comparative figures for men.
Remittances are an important source of household income and foreign exchange inflows in developing countries, with women making up almost half of the 244 million people who live and work outside their country of birth, UN Women said in its 2020
“Importantly, this research found that while women typically earn less than men and pay more in transfer fees, the average remittance amounts they send are the same as or even greater than those of men,” UN Women said in the report.
Meanwhile, the top corridors with the highest remittances carried out by women in the UAE included the Philippines, India, Pakistan, Nepal, Sri Lanka, Indonesia, Egypt, Morocco and Uganda, the FERG report said. ....

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FERG reports growth in remittances by women in the UAE

FERG reports growth in remittances by women in the UAE
ABU DHABI, 25 days
ago
Highlighting the growing participation of women in the global economy, the UAE’s Foreign Exchange and Remittance Group (FERG) has revealed that there was an increase in remittances by women in the UAE in 2020.

According to data collected by FERG from its member exchange and remittance companies, on average women represented 25% of remitters in the UAE in 2020. The data also revealed that remittances by Asian women in the UAE saw the most significant year-on-year growth, followed by Arab and African women, respectively. The top corridors with the highest remittances done by women in the UAE are the Philippines, India, Pakistan, Nepal, Sri Lanka, Indonesia, Egypt, Morocco and Uganda. ....

Sri Lanka , Adeeb Ahamed , Mohamed Ali Al Ansari , Remittance Group , Foreign Exchange , Lulu Exchange , Sustainable Development Goals , Tradearabia News Service , United Nations , Al Fardan Exchange , Fardan Exchange , Ali Al Ansari , Gender Equality , Vice Chairman , Middle East Trade News , Gcc Business News , Industry News , Trade News , Business Directory , Project News , Premium Content , ஸ்ரீ லங்கா , மொஹாமெட் அலி அல் அன்சாரி , பணம் அனுப்புதல் குழு , வெளிநாட்டு பரிமாற்றம் , லுலு பரிமாற்றம் ,