Sunday 29 March 2015
 
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UAE Exchange

UAE Exchange offers instant India bank transfers

UAE Exchange, a leading foreign exchange and payment solutions brand, has tied up with India’s Yes Bank to integrate its instant credit facility with IMPS (Immediate Payment Service) for real time bank transfers to any bank in India.

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$266m Jazan pharma plant work to start this month

Construction work on the SR1-billion ($266.5 million) neopharma drug manufacturing plant in Jazan, Saudi Arabia, will start in March, a top official said. “The plot of land for the project has already been allotted and the l

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UAE Exchange fortifies datacenter with Red Hat

UAE Exchange, a leading foreign exchange and money transfer brand, has strengthened its datacenters by consolidating its IT infrastructure on Red Hat Enterprise Linux. The centralised solution has enabled the Exchange to more rapi

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UAE Exchange fortifies datacenter with Red Hat

UAE Exchange, a leading foreign exchange and money transfer brand, has strengthened its datacenters by consolidating its IT infrastructure on Red Hat Enterprise Linux. The centralised solution has enabled the Exchange to more rapi

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Travelex, UAE Exchange to merge and list in Abu Dhabi

Foreign currency exchange firm Travelex will be merged with money transfer company UAE Exchange and listed in Abu Dhabi by early on in 2017, new owner Bavaguthu Raghuram Shetty said. The Indian-born billionaire along with Abu Dhab

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UAE Exchange owner gets $800m loan to buy Travelex

A loan of up to $800 million to help Abu Dhabi-based entrepreneur B R Shetty acquire a majority stake in foreign exchange operator Travelex has been completed, two sources aware of the matter said on Monday. The facility, arranged

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UAE Exchange introduces Fortune Fiesta contest

UAE Exchange, a leading UAE-based company dealing primarily in remittance, currency exchange and bill payment solutions, introduces Fortune Fiesta contest, giving customers a chance to win free air tickets to their home country. C

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UAE Exchange remittances top $25 billion

UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, said it handled $25.4 billion in remittances in 2013 and has a share of 6.1 per cent of the global remittance volume. Celebrating the b

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UAE Exchange claims 6pc of global remittances

UAE Exchange, the single largest player in the remittance industry in the GCC, has over six per cent of share in the global remittance market, said a top official. “Remittances from this region is almost 50 per cent of remit

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UAE Exchange enables Task Spotting payments

UAE Exchange, a leading remittance and foreign exchange brand, has partnered with Task Spotting, an innovative mobile app technology platform, to offer the latter’s network of users the convenience of collecting their earnings.

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