Al Fardan Exchange said it is expecting further growth in its exchange business and other financial services in UAE during the year, and anticipating that the results will be an addition to the positive performance of these companies that has been achieved during previous years.

Osama Al Rahma, general manager, Al Fardan Exchange, said: “The exchange business is witnessing continuous growth, and achieving positive results due to a number of factors. A primary contributing factor is the continuous growth of tourism in the UAE in general and in Dubai in particular.”

“For the summer months, tourists from nearby countries visit the UAE as a result of the tourism promotional programmes and summer activities. Other major elements that will contribute to this growth are the stability of the country and its ability to fulfill the requirements of tourists, in addition to the large number of exchange companies including currencies exchange at shopping complexes, tourism and recreational centers with competitive rates, speed and ease of the exchange process of all currencies, and other services that benefit tourists who find continuous and new attraction elements in the UAE.”

These factors enable companies to work in an encouraging atmosphere and under balanced laws that interact with other changes in the world, he said. It encourages companies towards more growth and expansion of their businesses, and achieve positive results annually.

Al Fardan Exchange has 40 branches in the UAE, and is linked with work agreements with 125 banks worldwide allowing it to gain access to many countries around the world, and provide swift services of all types of official money transfer transactions as per the applied rules and regulations.

“Al Fardan Exchange is closely monitoring the urban and tourism development of the country, and is always ready to consider opening new branches in areas that are witnessing increases in their population and in large shopping centers across all emirates,” Al Rahma said.

“We provide diverse services to all members of society including the buying and selling of foreign currencies, internal and external money transfer, and value-added services including bill payments of consumer services for a number of companies, banks, service agencies, and airline tickets, in addition to other services that save the time and effort of clients who can get all these services from one provider,” he added. – TradeArabia News Service